TGRT vs. TRGOX

Last updated Jun 5, 2026

TGRT (T. Rowe Price Growth ETF) and TRGOX (T. Rowe Price Large-Cap Growth Fund Investor Class) are both Large Cap Growth Equities funds from T. Rowe Price. Over the past year, TGRT returned 20.65% vs 17.70% for TRGOX. With a 0.95 correlation, they move nearly in lockstep. TGRT charges 0.38%/yr vs 0.70%/yr for TRGOX.

Performance

TGRT vs. TRGOX - 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 Large-Cap Growth Fund Investor Class (TRGOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TGRT achieves a 5.36% return, which is significantly higher than TRGOX's 3.26% return.

TGRT

• 1D: -0.13%
• 1M: 3.97%
• YTD: 5.36%
• 6M: 4.85%
• 1Y: 20.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TRGOX

• 1D: -1.71%
• 1M: 3.22%
• YTD: 3.26%
• 6M: 2.64%
• 1Y: 17.70%
• 3Y*: 24.49%
• 5Y*: 11.77%
• 10Y*: —

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

TGRT vs. TRGOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TGRT T. Rowe Price Growth ETF	5.36%	16.94%	32.85%	12.79%
TRGOX T. Rowe Price Large-Cap Growth Fund Investor Class	3.26%	17.31%	37.39%	12.71%

Correlation

The correlation between TGRT and TRGOX is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (All Time) Calculated using the full available price history since Jun 16, 2023	0.95

The correlation between TGRT and TRGOX has been stable across timeframes, ranging from 0.95 to 0.95 - a consistent structural relationship.

Return for Risk

TGRT vs. TRGOX — 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: 35
TGRT Calmar Ratio Rank: 25
TGRT Martin Ratio Rank: 28

TRGOX

TRGOX Risk / Return Rank: 14
TRGOX Sharpe Ratio Rank: 17
TRGOX Sortino Ratio Rank: 17
TRGOX Omega Ratio Rank: 16
TRGOX Calmar Ratio Rank: 11
TRGOX Martin Ratio Rank: 11

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. TRGOX - 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 Large-Cap Growth Fund Investor Class (TRGOX). 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	TRGOX	Difference
Sharpe ratio: Return per unit of total volatility	1.29	1.19	+0.10
Sortino ratio: Return per unit of downside risk	1.81	1.70	+0.11
Omega ratio: Gain probability vs. loss probability	1.23	1.21	+0.02
Calmar ratio: Return relative to maximum drawdown	1.16	1.03	+0.13
Martin ratio: Return relative to average drawdown	3.81	3.23	+0.57
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. TRGOX - Sharpe Ratio Comparison

The current TGRT Sharpe Ratio is 1.29, which is comparable to the TRGOX Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of TGRT and TRGOX, 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	TRGOX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.29	1.19	+0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.53	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.21	0.81	+0.40

Drawdowns

TGRT vs. TRGOX - Drawdown Comparison

The maximum TGRT drawdown since its inception was -22.04%, smaller than the maximum TRGOX drawdown of -41.29%. Use the drawdown chart below to compare losses from any high point for TGRT and TRGOX.

Drawdown Indicators

	TGRT	TRGOX	Difference
Max Drawdown Largest peak-to-trough decline	-22.04%	-41.29%	+19.25%
Max Drawdown (1Y) Largest decline over 1 year	-17.89%	-18.23%	+0.34%
Max Drawdown (3Y) Largest decline over 3 years	—	-21.19%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-41.29%	—
Current Drawdown Current decline from peak	-1.89%	-2.59%	+0.70%
Average Drawdown Average peak-to-trough decline	-3.27%	-11.46%	+8.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.44%	5.76%	-0.32%

Volatility

TGRT vs. TRGOX - Volatility Comparison

T. Rowe Price Growth ETF (TGRT) and T. Rowe Price Large-Cap Growth Fund Investor Class (TRGOX) have volatilities of 3.67% and 3.80%, 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.

Volatility by Period

	TGRT	TRGOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.67%	3.80%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	12.50%	12.45%	+0.05%
Volatility (1Y) Calculated over the trailing 1-year period	16.09%	15.67%	+0.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.08%	22.39%	-3.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.08%	22.14%	-3.06%

TGRT vs. TRGOX - Expense Ratio Comparison

TGRT has a 0.38% expense ratio, which is lower than TRGOX's 0.70% expense ratio.

Dividends

TGRT vs. TRGOX - Dividend Comparison

TGRT's dividend yield for the trailing twelve months is around 0.07%, less than TRGOX's 13.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
TGRT T. Rowe Price Growth ETF	0.07%	0.08%	0.09%	0.06%	0.00%	0.00%	0.00%
TRGOX T. Rowe Price Large-Cap Growth Fund Investor Class	13.29%	13.73%	9.85%	2.04%	3.89%	1.15%	0.36%

Frequently Asked Questions

Can I hold both TGRT and TRGOX in my portfolio?

With a correlation of 0.95, TGRT and TRGOX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, TGRT or TRGOX?

TRGOX has higher volatility (3.80%) compared to TGRT (3.67%). In terms of maximum drawdown, TGRT dropped -22.04% vs TRGOX's -41.29%.

Which has better risk-adjusted returns?

TGRT currently has the higher Sharpe Ratio (1.29 vs 1.19), 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.