TMSL vs. DRES
TMSL (T. Rowe Price Small-Mid Cap ETF) and DRES (GMO Domestic Resilience ETF) are both Mid Cap Blend Equities funds. Both are actively managed. Their 0.76 correlation means they have sometimes moved together and sometimes differently. TMSL charges 0.55%/yr vs 0.50%/yr for DRES.
Performance
TMSL vs. DRES - Performance Comparison
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Returns By Period
In the year-to-date period, TMSL achieves a 19.11% return, which is significantly lower than DRES's 21.60% return.
TMSL
- 1D
- -0.33%
- 1M
- -1.41%
- 6M
- 13.24%
- YTD
- 19.11%
- 1Y
- 31.13%
- 3Y*
- 17.77%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 19.08%
DRES
- 1D
- 0.30%
- 1M
- 0.31%
- 6M
- 12.48%
- YTD
- 21.60%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $93.72K | $76.15K | $99.36K | |
| $17.24M | $15.88M | $18.32M |
TMSL vs. DRES - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TMSL T. Rowe Price Small-Mid Cap ETF | 19.11% | 2.64% |
DRES GMO Domestic Resilience ETF | 21.60% | 2.50% |
Correlation
The correlation between TMSL and DRES is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025 | 0.76 |
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Return for Risk
TMSL vs. DRES — Risk / Return Rank
TMSL
DRES
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TMSL vs. DRES - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Small-Mid Cap ETF (TMSL) and GMO Domestic Resilience ETF (DRES). 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.
| TMSL | DRES | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.29 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.63 | — | — |
| Martin ratioReturn relative to average drawdown | 10.51 | — | — |
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Drawdowns
TMSL vs. DRES - Drawdown Comparison
The maximum TMSL drawdown since its inception was -24.39%, which is greater than DRES's maximum drawdown of -10.41%. Use the drawdown chart below to compare losses from any high point for TMSL and DRES.
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Drawdown Indicators
| TMSL | DRES | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.39% | -10.41% | -13.98% |
Max Drawdown (1Y)Largest decline over 1 year | -11.19% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -24.39% | — | — |
Current DrawdownCurrent decline from peak | -2.49% | -1.59% | -0.90% |
Average DrawdownAverage peak-to-trough decline | -3.82% | -2.14% | -1.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | — | — |
Volatility
TMSL vs. DRES - Volatility Comparison
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Volatility by Period
| TMSL | DRES | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.36% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 14.96% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.45% | 18.07% | +0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.49% | 18.07% | +0.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.49% | 18.07% | +0.42% |
TMSL vs. DRES - Expense Ratio Comparison
TMSL has a 0.55% expense ratio, which is higher than DRES's 0.50% expense ratio.
Dividends
TMSL vs. DRES - Dividend Comparison
TMSL's dividend yield for the trailing twelve months is around 0.48%, less than DRES's 0.52% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
DRES GMO Domestic Resilience ETF | 0.52% | 0.22% | 0.00% | 0.00% |
TMSL T. Rowe Price Small-Mid Cap ETF | 0.48% | 0.57% | 0.44% | 0.34% |
Frequently Asked Questions
TMSL and DRES have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DRES is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DRES is cheaper with a 0.50% expense ratio, compared with 0.55% for TMSL.
DRES has the higher dividend yield at 0.52%, compared with 0.48% for TMSL.
They also come from different issuers: T. Rowe Price and GMO. Their fees differ too: 0.55% for TMSL and 0.50% for DRES.
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