TNXT vs. ITOT
TNXT (T. Rowe Price Innovation Leaders ETF) and ITOT (iShares Core S&P Total U.S. Stock Market ETF) are both exchange-traded funds - TNXT is a Large Cap Growth Equities fund actively managed by T. Rowe Price, while ITOT is a Large Cap Blend Equities fund tracking the S&P Total Market Index. TNXT is actively managed, while ITOT is passively managed. Their correlation of 0.94 means they have usually moved in the same direction. TNXT charges 0.49%/yr vs 0.03%/yr for ITOT.
Performance
TNXT vs. ITOT - Performance Comparison
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Returns By Period
TNXT
- 1D
- 0.05%
- 1M
- -1.91%
- 6M
- 10.67%
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
ITOT
- 1D
- 0.59%
- 1M
- -0.09%
- 6M
- 8.89%
- YTD
- 10.57%
- 1Y
- 21.81%
- 3Y*
- 18.94%
- 5Y*
- 11.75%
- 10Y*
- 14.60%
- ALL TIME*
- 10.56%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $209.16M | $238.83M | $306.83M | |
| $19.23K | $12.64K | $54.16K |
TNXT vs. ITOT - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
TNXT T. Rowe Price Innovation Leaders ETF | 8.98% |
ITOT iShares Core S&P Total U.S. Stock Market ETF | 8.09% |
Correlation
The correlation between TNXT and ITOT is 0.94, meaning they have usually moved in the same direction, including during past declines.
| 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. ITOT — Risk / Return Rank
TNXT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ITOT
TNXT vs. ITOT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Innovation Leaders ETF (TNXT) and iShares Core S&P Total U.S. Stock Market ETF (ITOT). 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 | ITOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.27 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.23 | — |
| Martin ratioReturn relative to average drawdown | — | 9.56 | — |
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Drawdowns
TNXT vs. ITOT - Drawdown Comparison
The maximum TNXT drawdown since its inception was -13.11%, smaller than the maximum ITOT drawdown of -55.20%. Use the drawdown chart below to compare losses from any high point for TNXT and ITOT.
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Drawdown Indicators
| TNXT | ITOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.11% | -55.20% | +42.09% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.90% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.44% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.36% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.00% | — |
Current DrawdownCurrent decline from peak | -3.31% | -1.34% | -1.97% |
Average DrawdownAverage peak-to-trough decline | -3.24% | -6.93% | +3.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.07% | — |
Volatility
TNXT vs. ITOT - Volatility Comparison
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Volatility by Period
| TNXT | ITOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.52% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 10.27% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.96% | 13.14% | +7.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.96% | 17.47% | +3.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.96% | 18.27% | +2.69% |
TNXT vs. ITOT - Expense Ratio Comparison
TNXT has a 0.49% expense ratio, which is higher than ITOT's 0.03% expense ratio.
Dividends
TNXT vs. ITOT - Dividend Comparison
TNXT has not paid dividends to shareholders, while ITOT's dividend yield for the trailing twelve months is around 1.01%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITOT iShares Core S&P Total U.S. Stock Market ETF | 1.01% | 1.11% | 1.23% | 1.47% | 1.66% | 1.18% | 1.41% | 1.88% | 2.14% | 1.69% | 1.83% | 2.01% |
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 ITOT 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, ITOT is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ITOT is cheaper with a 0.03% expense ratio, compared with 0.49% for TNXT.
ITOT has the higher dividend yield at 1.01%, compared with 0.00% for TNXT.
TNXT is categorized as Large Cap Growth Equities, while ITOT is Large Cap Blend Equities. They also come from different issuers: T. Rowe Price and iShares. Their fees differ too: 0.49% for TNXT and 0.03% for ITOT.
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