TGRT vs. RPG

Last updated Jun 25, 2026

TGRT (T. Rowe Price Growth ETF) and RPG (Invesco S&P 500 Pure Growth ETF) are both Large Cap Growth Equities funds. TGRT is actively managed, while RPG is passively managed. Over the past 3 years, TGRT returned 21.20%/yr vs 27.80%/yr for RPG. A 0.78 correlation means they provide meaningful diversification when combined. TGRT charges 0.38%/yr vs 0.35%/yr for RPG.

Performance

TGRT vs. RPG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Growth ETF (TGRT) and Invesco S&P 500 Pure Growth ETF (RPG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TGRT achieves a 0.43% return, which is significantly lower than RPG's 30.55% return.

TGRT

• 1D: 0.25%
• 1M: -3.77%
• YTD: 0.43%
• 6M: -0.83%
• 1Y: 13.17%
• 3Y*: 21.20%
• 5Y*: —
• 10Y*: —

RPG

• 1D: 0.18%
• 1M: 5.68%
• YTD: 30.55%
• 6M: 27.48%
• 1Y: 36.38%
• 3Y*: 27.80%
• 5Y*: 11.61%
• 10Y*: 15.16%

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

TGRT vs. RPG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TGRT T. Rowe Price Growth ETF	0.43%	16.94%	32.85%	13.15%
RPG Invesco S&P 500 Pure Growth ETF	30.55%	13.41%	28.23%	8.94%

Correlation

The correlation between TGRT and RPG is 0.74, 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	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (All Time) Calculated using the full available price history since Jun 15, 2023	0.78

The correlation between TGRT and RPG has been stable across timeframes, ranging from 0.74 to 0.78 - a consistent structural relationship.

TGRT vs. RPG - Sectors Allocation Comparison

Sectors	TGRT	RPG
Technology	53.9%	46.9%
Communication Services	14.2%	5.4%
Consumer Cyclical	11.5%	14.7%
Healthcare	8.0%	6.4%
Financial Services	5.3%	5.3%
Industrials	5.1%	14.0%
Consumer Defensive	1.5%	1.1%
Utilities	0.5%	2.4%
Basic Materials	0.3%	1.2%
Energy	0.2%	1.6%
Real Estate	-	1.0%

Return for Risk

TGRT vs. RPG — Risk / Return Rank

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

TGRT

TGRT Risk / Return Rank: 22
TGRT Sharpe Ratio Rank: 24
TGRT Sortino Ratio Rank: 22
TGRT Omega Ratio Rank: 22
TGRT Calmar Ratio Rank: 19
TGRT Martin Ratio Rank: 21

RPG

RPG Risk / Return Rank: 61
RPG Sharpe Ratio Rank: 55
RPG Sortino Ratio Rank: 52
RPG Omega Ratio Rank: 52
RPG Calmar Ratio Rank: 73
RPG Martin Ratio Rank: 74

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. RPG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Growth ETF (TGRT) and Invesco S&P 500 Pure Growth ETF (RPG). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	TGRT	RPG	Difference
Sharpe ratio: Return per unit of total volatility	0.78	1.66	-0.88
Sortino ratio: Return per unit of downside risk	1.16	2.26	-1.11
Omega ratio: Gain probability vs. loss probability	1.15	1.30	-0.15
Calmar ratio: Return relative to maximum drawdown	0.74	3.30	-2.56
Martin ratio: Return relative to average drawdown	2.37	12.38	-10.01

TGRT vs. RPG - Sharpe Ratio Comparison

The current TGRT Sharpe Ratio is 0.78, which is lower than the RPG Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of TGRT and RPG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TGRT vs. RPG - Drawdown Comparison

The maximum TGRT drawdown since its inception was -22.04%, smaller than the maximum RPG drawdown of -53.27%. Use the drawdown chart below to compare losses from any high point for TGRT and RPG.

Drawdown Indicators

	TGRT	RPG	Difference
Max Drawdown Largest peak-to-trough decline	-22.04%	-53.27%	+31.23%
Max Drawdown (1Y) Largest decline over 1 year	-17.89%	-11.08%	-6.81%
Max Drawdown (3Y) Largest decline over 3 years	-22.04%	-24.75%	+2.71%
Max Drawdown (5Y) Largest decline over 5 years	—	-35.59%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.58%	—
Current Drawdown Current decline from peak	-6.48%	-4.43%	-2.05%
Average Drawdown Average peak-to-trough decline	-3.30%	-8.83%	+5.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.57%	2.95%	+2.62%

Volatility

TGRT vs. RPG - Volatility Comparison

The current volatility for T. Rowe Price Growth ETF (TGRT) is 6.55%, while Invesco S&P 500 Pure Growth ETF (RPG) has a volatility of 11.10%. This indicates that TGRT experiences smaller price fluctuations and is considered to be less risky than RPG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TGRT	RPG	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.55%	11.10%	-4.55%
Volatility (6M) Calculated over the trailing 6-month period	13.54%	18.98%	-5.44%
Volatility (1Y) Calculated over the trailing 1-year period	17.00%	22.06%	-5.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.23%	23.86%	-4.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.23%	22.89%	-3.66%

TGRT vs. RPG - Expense Ratio Comparison

TGRT has a 0.38% expense ratio, which is higher than RPG's 0.35% expense ratio.

Dividends

TGRT vs. RPG - Dividend Comparison

TGRT's dividend yield for the trailing twelve months is around 0.08%, less than RPG's 0.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RPG Invesco S&P 500 Pure Growth ETF	0.15%	0.24%	0.25%	1.44%	0.74%	0.00%	0.46%	0.83%	0.47%	0.56%	0.43%	0.73%
TGRT T. Rowe Price Growth ETF	0.08%	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 RPG in my portfolio?

TGRT and RPG have a correlation of 0.74, 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 RPG?

RPG has higher volatility (11.10%) compared to TGRT (6.55%). In terms of maximum drawdown, TGRT dropped -22.04% vs RPG's -53.27%.

Which ETF is better, TGRT or RPG?

On 3-year performance, RPG leads with 27.80% vs 21.20% for TGRT. On fees, RPG is cheaper at 0.35% per year. On volatility, TGRT has been the lower-risk option at 6.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TGRT or RPG?

Over the 3-year period, RPG has performed better with a 27.80% return vs 21.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TGRT or RPG?

RPG is cheaper with a 0.35% expense ratio, compared with 0.38% for TGRT.

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

RPG has the higher dividend yield at 0.15%, compared with 0.08% for TGRT.

What is the main difference between TGRT and RPG?

They also come from different issuers: T. Rowe Price and Invesco. Their fees differ too: 0.38% for TGRT and 0.35% for RPG.

Which has better risk-adjusted returns?

RPG currently has the higher Sharpe Ratio (1.66 vs 0.78), 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.