TGRT vs. TGRW
Compare and contrast key facts about T. Rowe Price Growth ETF (TGRT) and T. Rowe Price Growth Stock ETF (TGRW).
TGRT and TGRW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TGRT is an actively managed fund by T. Rowe Price. It was launched on Jun 14, 2023. TGRW is an actively managed fund by T. Rowe Price Group, Inc.. It was launched on Aug 4, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TGRT or TGRW.
Key characteristics
| TGRT | TGRW | |
|---|---|---|
| YTD Return | 33.58% | 29.38% |
| 1Y Return | 42.82% | 38.06% |
| Sharpe Ratio | 2.77 | 2.41 |
| Sortino Ratio | 3.59 | 3.13 |
| Omega Ratio | 1.50 | 1.44 |
| Calmar Ratio | 3.83 | 2.14 |
| Martin Ratio | 15.90 | 11.48 |
| Ulcer Index | 2.87% | 3.53% |
| Daily Std Dev | 16.37% | 16.76% |
| Max Drawdown | -11.89% | -43.33% |
| Current Drawdown | 0.00% | -0.04% |
Correlation
The correlation between TGRT and TGRW is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
TGRT vs. TGRW - Performance Comparison
In the year-to-date period, TGRT achieves a 33.58% return, which is significantly higher than TGRW's 29.38% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TGRT vs. TGRW - Expense Ratio Comparison
TGRT has a 0.38% expense ratio, which is lower than TGRW's 0.52% expense ratio.
Risk-Adjusted Performance
TGRT vs. TGRW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Growth ETF (TGRT) and T. Rowe Price Growth Stock ETF (TGRW). 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.
Dividends
TGRT vs. TGRW - Dividend Comparison
TGRT's dividend yield for the trailing twelve months is around 0.04%, more than TGRW's 0.01% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
TGRT T. Rowe Price Growth ETF | 0.04% | 0.06% | 0.00% | 0.00% | 0.00% |
TGRW T. Rowe Price Growth Stock ETF | 0.01% | 0.01% | 0.00% | 0.40% | 0.21% |
Drawdowns
TGRT vs. TGRW - Drawdown Comparison
The maximum TGRT drawdown since its inception was -11.89%, smaller than the maximum TGRW drawdown of -43.33%. Use the drawdown chart below to compare losses from any high point for TGRT and TGRW. For additional features, visit the drawdowns tool.
Volatility
TGRT vs. TGRW - Volatility Comparison
T. Rowe Price Growth ETF (TGRT) and T. Rowe Price Growth Stock ETF (TGRW) have volatilities of 5.00% and 4.93%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.