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TGRW vs. GQGU
Performance
Return for Risk
Dividends
Drawdowns
Volatility

TGRW vs. GQGU

Last updated Apr 2, 2026

Compare and contrast key facts about T. Rowe Price Growth Stock ETF (TGRW) and GQG US Equity ETF (GQGU).

TGRW and GQGU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TGRW is an actively managed fund by T. Rowe Price. It was launched on Aug 4, 2020. GQGU is an actively managed fund by GQG Partners. It was launched on Jul 14, 2025.

Performance

TGRW vs. GQGU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Growth Stock ETF (TGRW) and GQG US Equity ETF (GQGU). The values are adjusted to include any dividend payments, if applicable.

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TGRW vs. GQGU - Yearly Performance Comparison

2026 (YTD)2025
TGRW
T. Rowe Price Growth Stock ETF		-11.02%9.01%
GQGU
GQG US Equity ETF		8.19%-1.14%

Returns By Period

In the year-to-date period, TGRW achieves a -11.02% return, which is significantly lower than GQGU's 8.19% return.

TGRW

1D
1.10%
1M
-5.00%
YTD
-11.02%
6M
-10.46%
1Y
13.39%
3Y*
19.40%
5Y*
6.67%
10Y*
—

GQGU

1D
-1.30%
1M
-3.10%
YTD
8.19%
6M
6.64%
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

T. Rowe Price Growth Stock ETF

GQG US Equity ETF

Often compared with TGRW:
TGRW vs. TGRTTGRW vs. QQQTGRW vs. VUGTGRW vs. TRGOXTGRW vs. SCHGTGRW vs. VTITGRW vs. VONG
Often compared with GQGU:
GQGU vs. BBUSGQGU vs. SCHGGQGU vs. ACWIGQGU vs. GPIQGQGU vs. QQQMGQGU vs. VUGGQGU vs. BAMG

TGRW vs. GQGU - Expense Ratio Comparison

TGRW has a 0.52% expense ratio, which is higher than GQGU's 0.49% expense ratio.

TGRW
T. Rowe Price Growth Stock ETF
GQGU
GQG US Equity ETF

Return for Risk

TGRW vs. GQGU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TGRW
TGRW Risk / Return Rank: 3030
Overall Rank
TGRW Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
TGRW Sortino Ratio Rank: 3232
Sortino Ratio Rank
TGRW Omega Ratio Rank: 3232
Omega Ratio Rank
TGRW Calmar Ratio Rank: 3030
Calmar Ratio Rank
TGRW Martin Ratio Rank: 2929
Martin Ratio Rank
GQGU
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.

TGRW vs. GQGU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Growth Stock ETF (TGRW) and GQG US Equity ETF (GQGU). 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.

TGRWGQGUDifference

Sharpe ratio

Return per unit of total volatility

0.58

—

—

Sortino ratio

Return per unit of downside risk

1.01

—

—

Omega ratio

Gain probability vs. loss probability

1.14

—

—

Calmar ratio

Return relative to maximum drawdown

0.77

—

—

Martin ratio

Return relative to average drawdown

2.54

—

—

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TGRW vs. GQGU - Sharpe Ratio Comparison

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Sharpe Ratios by Period

TGRWGQGUDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.58

—

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.29

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.39

1.02

-0.63

Correlation

The correlation between TGRW and GQGU is -0.27. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

TGRW vs. GQGU - Dividend Comparison

TGRW has not paid dividends to shareholders, while GQGU's dividend yield for the trailing twelve months is around 0.94%.

TTM202520242023202220212020
TGRW
T. Rowe Price Growth Stock ETF		0.00%0.00%0.00%0.01%0.00%0.40%0.21%
GQGU
GQG US Equity ETF		0.94%1.02%0.00%0.00%0.00%0.00%0.00%

Drawdowns

TGRW vs. GQGU - Drawdown Comparison

The maximum TGRW drawdown since its inception was -43.33%, which is greater than GQGU's maximum drawdown of -6.65%. Use the drawdown chart below to compare losses from any high point for TGRW and GQGU.

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Drawdown Indicators

TGRWGQGUDifference

Max Drawdown

Largest peak-to-trough decline

-43.33%

-6.65%

-36.68%

Max Drawdown (1Y)

Largest decline over 1 year

-18.84%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-43.33%

—

—

Current Drawdown

Current decline from peak

-14.75%

-3.24%

-11.51%

Average Drawdown

Average peak-to-trough decline

-12.72%

-2.21%

-10.51%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.69%

—

—

Volatility

TGRW vs. GQGU - Volatility Comparison

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Volatility by Period

TGRWGQGUDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.19%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

13.22%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

23.02%

9.66%

+13.36%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.28%

9.66%

+13.62%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.20%

9.66%

+13.54%