TNXT vs. HYP

Last updated Jun 6, 2026

TNXT (T. Rowe Price Innovation Leaders ETF) and HYP (Golden Eagle Dynamic Hypergrowth ETF) are both Large Cap Growth Equities funds. Both are actively managed. A 0.68 correlation means they provide meaningful diversification when combined. TNXT charges 0.49%/yr vs 0.85%/yr for HYP.

Performance

TNXT vs. HYP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Innovation Leaders ETF (TNXT) and Golden Eagle Dynamic Hypergrowth ETF (HYP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TNXT

• 1D: -4.11%
• 1M: -0.27%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HYP

• 1D: -9.65%
• 1M: -5.16%
• YTD: 20.07%
• 6M: 17.23%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TNXT vs. HYP - Yearly Performance Comparison

	2026 (YTD)
TNXT T. Rowe Price Innovation Leaders ETF	6.10%
HYP Golden Eagle Dynamic Hypergrowth ETF	0.79%

Correlation

The correlation between TNXT and HYP is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 30, 2026	0.68

Return for Risk

TNXT vs. HYP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Innovation Leaders ETF (TNXT) and Golden Eagle Dynamic Hypergrowth ETF (HYP). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	TNXT	HYP	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	0.49	+0.36

Drawdowns

TNXT vs. HYP - Drawdown Comparison

The maximum TNXT drawdown since its inception was -12.97%, smaller than the maximum HYP drawdown of -19.58%. Use the drawdown chart below to compare losses from any high point for TNXT and HYP.

Drawdown Indicators

	TNXT	HYP	Difference
Max Drawdown Largest peak-to-trough decline	-12.97%	-19.58%	+6.61%
Current Drawdown Current decline from peak	-4.98%	-10.65%	+5.67%
Average Drawdown Average peak-to-trough decline	-3.54%	-6.45%	+2.91%

Volatility

Volatility by Period

	TNXT	HYP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	21.86%	42.45%	-20.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.86%	42.45%	-20.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.86%	42.45%	-20.59%

TNXT vs. HYP - Expense Ratio Comparison

TNXT has a 0.49% expense ratio, which is lower than HYP's 0.85% expense ratio.

Dividends

TNXT vs. HYP - Dividend Comparison

TNXT has not paid dividends to shareholders, while HYP's dividend yield for the trailing twelve months is around 0.11%.

Position	TTM	2025
HYP Golden Eagle Dynamic Hypergrowth ETF	0.11%	0.14%
TNXT T. Rowe Price Innovation Leaders ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both TNXT and HYP in my portfolio?

TNXT and HYP have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TNXT or HYP?

On fees, TNXT is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TNXT or HYP?

TNXT is cheaper with a 0.49% expense ratio, compared with 0.85% for HYP.

Which ETF pays a higher dividend yield, TNXT or HYP?

HYP has the higher dividend yield at 0.11%, compared with 0.00% for TNXT.

What is the main difference between TNXT and HYP?

They also come from different issuers: T. Rowe Price and Golden Eagle. Their fees differ too: 0.49% for TNXT and 0.85% for HYP.