TGRT vs. TIER

Last updated Jul 18, 2026

TGRT (T. Rowe Price Growth ETF) and TIER (T. Rowe Price International Equity Research ETF) are both exchange-traded funds - TGRT is a Large Cap Growth Equities fund actively managed by T. Rowe Price, while TIER is a Foreign Large Cap Equities fund actively managed by T. Rowe Price. Both are actively managed. Over the past year, TGRT returned 9.84% vs 24.30% for TIER. A 0.70 correlation means they provide meaningful diversification when combined. Both charge a 0.38% expense ratio.

Performance

TGRT vs. TIER - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Growth ETF (TGRT) and T. Rowe Price International Equity Research ETF (TIER). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TGRT achieves a 1.72% return, which is significantly lower than TIER's 11.34% return.

TGRT

• 1D: -1.51%
• 1M: 0.04%
• 6M: 2.69%
• YTD: 1.72%
• 1Y: 9.84%
• 3Y*: 19.50%
• 5Y*: —
• 10Y*: —

TIER

• 1D: -0.76%
• 1M: -2.81%
• 6M: 6.84%
• YTD: 11.34%
• 1Y: 24.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TGRT vs. TIER - Yearly Performance Comparison

	2026 (YTD)	2025
TGRT T. Rowe Price Growth ETF	1.72%	12.17%
TIER T. Rowe Price International Equity Research ETF	11.34%	12.72%

Correlation

The correlation between TGRT and TIER is 0.71, 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	0.71
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.70

The correlation between TGRT and TIER has been stable across timeframes, ranging from 0.70 to 0.71 - a consistent structural relationship.

TGRT vs. TIER - Sectors Allocation Comparison

Sectors	TGRT	TIER
Technology	53.9%	23.7%
Communication Services	14.2%	5.2%
Consumer Cyclical	11.5%	7.4%
Healthcare	8.0%	5.9%
Financial Services	5.3%	23.6%
Industrials	5.1%	13.7%
Consumer Defensive	1.5%	4.6%
Utilities	0.5%	2.5%
Basic Materials	0.3%	7.3%
Energy	0.2%	5.1%
Real Estate	-	1.1%

Return for Risk

TGRT vs. TIER — Risk / Return Rank

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

TGRT

TGRT Risk / Return Rank: 20
TGRT Sharpe Ratio Rank: 21
TGRT Sortino Ratio Rank: 20
TGRT Omega Ratio Rank: 20
TGRT Calmar Ratio Rank: 18
TGRT Martin Ratio Rank: 20

TIER

TIER Risk / Return Rank: 56
TIER Sharpe Ratio Rank: 56
TIER Sortino Ratio Rank: 55
TIER Omega Ratio Rank: 57
TIER Calmar Ratio Rank: 52
TIER Martin Ratio Rank: 59

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. TIER - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Growth ETF (TGRT) and T. Rowe Price International Equity Research ETF (TIER). 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	TIER	Difference
Sharpe ratio: Return per unit of total volatility	0.57	1.45	-0.88
Sortino ratio: Return per unit of downside risk	0.89	2.06	-1.17
Omega ratio: Gain probability vs. loss probability	1.11	1.27	-0.16
Calmar ratio: Return relative to maximum drawdown	0.55	2.02	-1.47
Martin ratio: Return relative to average drawdown	1.73	7.73	-6.00

TGRT vs. TIER - Sharpe Ratio Comparison

The current TGRT Sharpe Ratio is 0.57, which is lower than the TIER Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of TGRT and TIER, 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. TIER - Drawdown Comparison

The maximum TGRT drawdown since its inception was -22.04%, which is greater than TIER's maximum drawdown of -12.07%. Use the drawdown chart below to compare losses from any high point for TGRT and TIER.

Drawdown Indicators

	TGRT	TIER	Difference
Max Drawdown Largest peak-to-trough decline	-22.04%	-12.07%	-9.97%
Max Drawdown (1Y) Largest decline over 1 year	-17.89%	-12.07%	-5.82%
Max Drawdown (3Y) Largest decline over 3 years	-22.04%	—	—
Current Drawdown Current decline from peak	-5.28%	-4.44%	-0.84%
Average Drawdown Average peak-to-trough decline	-3.32%	-1.85%	-1.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.69%	3.15%	+2.54%

Volatility

TGRT vs. TIER - Volatility Comparison

T. Rowe Price Growth ETF (TGRT) has a higher volatility of 5.77% compared to T. Rowe Price International Equity Research ETF (TIER) at 5.39%. This indicates that TGRT's price experiences larger fluctuations and is considered to be riskier than TIER based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TGRT	TIER	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.77%	5.39%	+0.38%
Volatility (6M) Calculated over the trailing 6-month period	14.10%	14.89%	-0.79%
Volatility (1Y) Calculated over the trailing 1-year period	17.35%	16.83%	+0.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.21%	16.47%	+2.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.21%	16.47%	+2.74%

TGRT vs. TIER - Expense Ratio Comparison

Both TGRT and TIER have an expense ratio of 0.38%.

Dividends

TGRT vs. TIER - Dividend Comparison

TGRT's dividend yield for the trailing twelve months is around 0.08%, less than TIER's 0.67% yield.

Position	TTM	2025	2024	2023
TGRT T. Rowe Price Growth ETF	0.08%	0.08%	0.09%	0.06%
TIER T. Rowe Price International Equity Research ETF	0.67%	0.74%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TGRT and TIER in my portfolio?

TGRT and TIER have a correlation of 0.71, 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 TIER?

TGRT has higher volatility (5.77%) compared to TIER (5.39%). In terms of maximum drawdown, TGRT dropped -22.04% vs TIER's -12.07%.

Which ETF is better, TGRT or TIER?

On 1-year performance, TIER leads with 24.30% vs 9.84% for TGRT. Both ETFs have the same 0.38% expense ratio. On volatility, TIER has been the lower-risk option at 5.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TGRT or TIER?

Over the 1-year period, TIER has performed better with a 24.30% return vs 9.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TGRT or TIER?

TGRT and TIER have the same expense ratio: 0.38% per year.

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

TIER has the higher dividend yield at 0.67%, compared with 0.08% for TGRT.

What is the main difference between TGRT and TIER?

TGRT is categorized as Large Cap Growth Equities, while TIER is Foreign Large Cap Equities.

Which has better risk-adjusted returns?

TIER currently has the higher Sharpe Ratio (1.45 vs 0.57), 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.