TNXT vs. ILCG
TNXT (T. Rowe Price Innovation Leaders ETF) and ILCG (iShares Morningstar Growth ETF) are both Large Cap Growth Equities funds. TNXT is actively managed, while ILCG is passively managed. Their correlation of 0.94 suggests significant overlap in exposure. TNXT charges 0.49%/yr vs 0.04%/yr for ILCG.
Performance
TNXT vs. ILCG - Performance Comparison
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Returns By Period
TNXT
- 1D
- -0.21%
- 1M
- 5.31%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ILCG
- 1D
- 0.40%
- 1M
- 2.35%
- 6M
- 10.64%
- YTD
- 12.20%
- 1Y
- 20.33%
- 3Y*
- 24.09%
- 5Y*
- 12.62%
- 10Y*
- 17.74%
TNXT vs. ILCG - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
TNXT T. Rowe Price Innovation Leaders ETF | 12.47% |
ILCG iShares Morningstar Growth ETF | 10.16% |
Correlation
The correlation between TNXT and ILCG is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 29, 2026 | 0.94 |
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Return for Risk
TNXT vs. ILCG — Risk / Return Rank
TNXT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ILCG
TNXT vs. ILCG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Innovation Leaders ETF (TNXT) and iShares Morningstar Growth ETF (ILCG). 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.
| TNXT | ILCG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.20 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.28 | — |
| Martin ratioReturn relative to average drawdown | — | 4.29 | — |
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Drawdowns
TNXT vs. ILCG - Drawdown Comparison
The maximum TNXT drawdown since its inception was -13.11%, smaller than the maximum ILCG drawdown of -52.98%. Use the drawdown chart below to compare losses from any high point for TNXT and ILCG.
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Drawdown Indicators
| TNXT | ILCG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.11% | -52.98% | +39.87% |
Max Drawdown (1Y)Largest decline over 1 year | — | -15.65% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.10% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.38% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.38% | — |
Current DrawdownCurrent decline from peak | -0.21% | -3.00% | +2.79% |
Average DrawdownAverage peak-to-trough decline | -3.28% | -8.20% | +4.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.65% | — |
Volatility
TNXT vs. ILCG - Volatility Comparison
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Volatility by Period
| TNXT | ILCG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.43% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 14.99% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 21.23% | 17.97% | +3.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.23% | 22.27% | -1.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.23% | 21.63% | -0.40% |
TNXT vs. ILCG - Expense Ratio Comparison
TNXT has a 0.49% expense ratio, which is higher than ILCG's 0.04% expense ratio.
Dividends
TNXT vs. ILCG - Dividend Comparison
TNXT has not paid dividends to shareholders, while ILCG's dividend yield for the trailing twelve months is around 0.41%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ILCG iShares Morningstar Growth ETF | 0.41% | 0.47% | 0.50% | 0.69% | 0.75% | 0.34% | 0.28% | 0.54% | 0.81% | 0.89% | 0.95% | 0.99% |
TNXT T. Rowe Price Innovation Leaders ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, TNXT and ILCG 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.
On fees, ILCG is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ILCG is cheaper with a 0.04% expense ratio, compared with 0.49% for TNXT.
ILCG has the higher dividend yield at 0.41%, compared with 0.00% for TNXT.
They also come from different issuers: T. Rowe Price and iShares. Their fees differ too: 0.49% for TNXT and 0.04% for ILCG.
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