TNXT vs. LRNZ

Last updated Aug 1, 2026

TNXT (T. Rowe Price Innovation Leaders ETF) and LRNZ (TrueShares Technology, AI & Deep Learning ETF) are both exchange-traded funds - TNXT is a Large Cap Growth Equities fund actively managed by T. Rowe Price, while LRNZ is a Artificial Intelligence fund actively managed by TrueShares. Both are actively managed. Their 0.56 correlation means they have sometimes moved together and sometimes differently. TNXT charges 0.49%/yr vs 0.68%/yr for LRNZ.

Performance

TNXT vs. LRNZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Innovation Leaders ETF (TNXT) and TrueShares Technology, AI & Deep Learning ETF (LRNZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TNXT

• 1D: 0.05%
• 1M: -1.91%
• 6M: 10.67%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

LRNZ

• 1D: 1.01%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
LRNZ TrueShares Technology, AI & Deep Learning ETF	$103.68K	$133.76K	$133.76K
TNXT T. Rowe Price Innovation Leaders ETF	$19.23K	$12.64K	$54.16K

TNXT vs. LRNZ - Yearly Performance Comparison

	2026 (YTD)
TNXT T. Rowe Price Innovation Leaders ETF	-3.31%
LRNZ TrueShares Technology, AI & Deep Learning ETF	-6.20%

Correlation

The correlation between TNXT and LRNZ is 0.56, 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 Jul 10, 2026	0.56

Return for Risk

TNXT vs. LRNZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Innovation Leaders ETF (TNXT) and TrueShares Technology, AI & Deep Learning ETF (LRNZ). 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.

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

Drawdowns

TNXT vs. LRNZ - Drawdown Comparison

The maximum TNXT drawdown since its inception was -13.11%, which is greater than LRNZ's maximum drawdown of -11.91%. Use the drawdown chart below to compare losses from any high point for TNXT and LRNZ.

Drawdown Indicators

	TNXT	LRNZ	Difference
Max Drawdown Largest peak-to-trough decline	-13.11%	-11.91%	-1.20%
Current Drawdown Current decline from peak	-3.31%	-6.20%	+2.89%
Average Drawdown Average peak-to-trough decline	-3.24%	-5.75%	+2.51%

Volatility

Volatility by Period

	TNXT	LRNZ	Difference
Volatility (1Y) Calculated over the trailing 1-year period	20.96%	34.30%	-13.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.96%	34.30%	-13.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.96%	34.30%	-13.34%

TNXT vs. LRNZ - Expense Ratio Comparison

TNXT has a 0.49% expense ratio, which is lower than LRNZ's 0.68% expense ratio.

Dividends

TNXT vs. LRNZ - Dividend Comparison

Neither TNXT nor LRNZ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both TNXT and LRNZ in my portfolio?

TNXT and LRNZ have a correlation of 0.56, 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 LRNZ?

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 LRNZ?

TNXT is cheaper with a 0.49% expense ratio, compared with 0.68% for LRNZ.

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

TNXT and LRNZ have nearly identical dividend yields, around 0.00%.

What is the main difference between TNXT and LRNZ?

TNXT is categorized as Large Cap Growth Equities, while LRNZ is Artificial Intelligence. They also come from different issuers: T. Rowe Price and TrueShares. Their fees differ too: 0.49% for TNXT and 0.68% for LRNZ.