TGRT vs. QUS

Last updated Jun 4, 2026

TGRT (T. Rowe Price Growth ETF) and QUS (SPDR MSCI USA StrategicFactors ETF) are both Large Cap Growth Equities funds. TGRT is actively managed, while QUS is passively managed. Over the past year, TGRT returned 21.59% vs 17.65% for QUS. A 0.75 correlation means they provide meaningful diversification when combined. TGRT charges 0.38%/yr vs 0.15%/yr for QUS.

Performance

TGRT vs. QUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Growth ETF (TGRT) and SPDR MSCI USA StrategicFactors ETF (QUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TGRT achieves a 5.49% return, which is significantly lower than QUS's 6.67% return.

TGRT

• 1D: -1.41%
• 1M: 4.44%
• YTD: 5.49%
• 6M: 5.18%
• 1Y: 21.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QUS

• 1D: -0.43%
• 1M: 2.68%
• YTD: 6.67%
• 6M: 6.93%
• 1Y: 17.65%
• 3Y*: 17.53%
• 5Y*: 11.08%
• 10Y*: 13.67%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TGRT vs. QUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TGRT T. Rowe Price Growth ETF	5.49%	16.94%	32.85%	12.79%
QUS SPDR MSCI USA StrategicFactors ETF	6.67%	14.13%	18.99%	9.00%

Correlation

The correlation between TGRT and QUS is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.69
Correlation (All Time) Calculated using the full available price history since Jun 16, 2023	0.75

The correlation between TGRT and QUS has been stable across timeframes, ranging from 0.69 to 0.75 - a consistent structural relationship.

TGRT vs. QUS - Sectors Allocation Comparison

Sectors	TGRT	QUS
Technology	54.2%	26.3%
Communication Services	14.0%	10.2%
Consumer Cyclical	11.1%	5.8%
Healthcare	8.0%	13.4%
Financial Services	5.3%	14.6%
Industrials	4.6%	8.6%
Consumer Defensive	1.5%	9.2%
Utilities	0.5%	3.6%
Basic Materials	0.4%	2.3%
Energy	0.2%	4.6%
Real Estate	-	1.4%

Return for Risk

TGRT vs. QUS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TGRT

TGRT Risk / Return Rank: 32
TGRT Sharpe Ratio Rank: 37
TGRT Sortino Ratio Rank: 35
TGRT Omega Ratio Rank: 36
TGRT Calmar Ratio Rank: 25
TGRT Martin Ratio Rank: 28

QUS

QUS Risk / Return Rank: 57
QUS Sharpe Ratio Rank: 56
QUS Sortino Ratio Rank: 58
QUS Omega Ratio Rank: 55
QUS Calmar Ratio Rank: 52
QUS Martin Ratio Rank: 63

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TGRT vs. QUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Growth ETF (TGRT) and SPDR MSCI USA StrategicFactors ETF (QUS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	TGRT	QUS	Difference
Sharpe ratio: Return per unit of total volatility	1.35	1.95	-0.60
Sortino ratio: Return per unit of downside risk	1.88	2.81	-0.93
Omega ratio: Gain probability vs. loss probability	1.24	1.35	-0.11
Calmar ratio: Return relative to maximum drawdown	1.21	2.59	-1.37
Martin ratio: Return relative to average drawdown	3.98	11.54	-7.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TGRT vs. QUS - Sharpe Ratio Comparison

The current TGRT Sharpe Ratio is 1.35, which is lower than the QUS Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of TGRT and QUS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TGRT	QUS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.35	1.95	-0.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.78	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.83	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.21	0.77	+0.44

Drawdowns

TGRT vs. QUS - Drawdown Comparison

The maximum TGRT drawdown since its inception was -22.04%, smaller than the maximum QUS drawdown of -33.78%. Use the drawdown chart below to compare losses from any high point for TGRT and QUS.

Drawdown Indicators

	TGRT	QUS	Difference
Max Drawdown Largest peak-to-trough decline	-22.04%	-33.78%	+11.74%
Max Drawdown (1Y) Largest decline over 1 year	-17.89%	-6.85%	-11.04%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.94%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.30%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.78%	—
Current Drawdown Current decline from peak	-1.77%	-0.50%	-1.27%
Average Drawdown Average peak-to-trough decline	-3.27%	-3.70%	+0.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.44%	1.53%	+3.91%

Volatility

TGRT vs. QUS - Volatility Comparison

T. Rowe Price Growth ETF (TGRT) has a higher volatility of 3.66% compared to SPDR MSCI USA StrategicFactors ETF (QUS) at 1.78%. This indicates that TGRT's price experiences larger fluctuations and is considered to be riskier than QUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TGRT	QUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.66%	1.78%	+1.88%
Volatility (6M) Calculated over the trailing 6-month period	12.51%	6.66%	+5.85%
Volatility (1Y) Calculated over the trailing 1-year period	16.10%	9.09%	+7.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.09%	14.33%	+4.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.09%	16.42%	+2.67%

TGRT vs. QUS - Expense Ratio Comparison

TGRT has a 0.38% expense ratio, which is higher than QUS's 0.15% expense ratio.

Dividends

TGRT vs. QUS - Dividend Comparison

TGRT's dividend yield for the trailing twelve months is around 0.07%, less than QUS's 1.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QUS SPDR MSCI USA StrategicFactors ETF	1.31%	1.38%	1.49%	1.57%	1.68%	1.27%	1.73%	1.81%	2.12%	1.86%	2.07%	1.48%
TGRT T. Rowe Price Growth ETF	0.07%	0.08%	0.09%	0.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TGRT and QUS in my portfolio?

TGRT and QUS have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TGRT or QUS?

TGRT has higher volatility (3.66%) compared to QUS (1.78%). In terms of maximum drawdown, TGRT dropped -22.04% vs QUS's -33.78%.

Which ETF is better, TGRT or QUS?

On 1-year performance, TGRT leads with 21.59% vs 17.65% for QUS. On fees, QUS is cheaper at 0.15% per year. On volatility, QUS has been the lower-risk option at 1.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TGRT or QUS?

Over the 1-year period, TGRT has performed better with a 21.59% return vs 17.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TGRT or QUS?

QUS is cheaper with a 0.15% expense ratio, compared with 0.38% for TGRT.

Which ETF pays a higher dividend yield, TGRT or QUS?

QUS has the higher dividend yield at 1.31%, compared with 0.07% for TGRT.

What is the main difference between TGRT and QUS?

They also come from different issuers: T. Rowe Price and State Street. Their fees differ too: 0.38% for TGRT and 0.15% for QUS.

Which has better risk-adjusted returns?

QUS currently has the higher Sharpe Ratio (1.95 vs 1.35), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.