TNXT vs. SGRT

Last updated Jun 6, 2026

TNXT (T. Rowe Price Innovation Leaders ETF) and SGRT (SMART Earnings Growth 30 ETF) are both Large Cap Growth Equities funds. Both are actively managed. A 0.70 correlation means they provide meaningful diversification when combined. TNXT charges 0.49%/yr vs 0.59%/yr for SGRT.

Performance

TNXT vs. SGRT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Innovation Leaders ETF (TNXT) and SMART Earnings Growth 30 ETF (SGRT). 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*: —

SGRT

• 1D: -7.77%
• 1M: -2.09%
• YTD: 37.33%
• 6M: 38.04%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TNXT vs. SGRT - Yearly Performance Comparison

	2026 (YTD)
TNXT T. Rowe Price Innovation Leaders ETF	6.10%
SGRT SMART Earnings Growth 30 ETF	26.97%

Correlation

The correlation between TNXT and SGRT is 0.70, 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	0.70

Return for Risk

TNXT vs. SGRT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Innovation Leaders ETF (TNXT) and SMART Earnings Growth 30 ETF (SGRT). 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	SGRT	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	2.87	-2.02

Drawdowns

TNXT vs. SGRT - Drawdown Comparison

The maximum TNXT drawdown since its inception was -12.97%, smaller than the maximum SGRT drawdown of -17.87%. Use the drawdown chart below to compare losses from any high point for TNXT and SGRT.

Drawdown Indicators

	TNXT	SGRT	Difference
Max Drawdown Largest peak-to-trough decline	-12.97%	-17.87%	+4.90%
Current Drawdown Current decline from peak	-4.98%	-9.33%	+4.35%
Average Drawdown Average peak-to-trough decline	-3.54%	-3.13%	-0.41%

Volatility

Volatility by Period

	TNXT	SGRT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	21.86%	34.54%	-12.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.86%	34.54%	-12.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.86%	34.54%	-12.68%

TNXT vs. SGRT - Expense Ratio Comparison

TNXT has a 0.49% expense ratio, which is lower than SGRT's 0.59% expense ratio.

Dividends

TNXT vs. SGRT - Dividend Comparison

TNXT has not paid dividends to shareholders, while SGRT's dividend yield for the trailing twelve months is around 0.12%.

Position	TTM	2025
SGRT SMART Earnings Growth 30 ETF	0.12%	0.16%
TNXT T. Rowe Price Innovation Leaders ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both TNXT and SGRT in my portfolio?

TNXT and SGRT have a correlation of 0.70, 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 SGRT?

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 SGRT?

TNXT is cheaper with a 0.49% expense ratio, compared with 0.59% for SGRT.

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

SGRT has the higher dividend yield at 0.12%, compared with 0.00% for TNXT.

What is the main difference between TNXT and SGRT?

Their fees differ too: 0.49% for TNXT and 0.59% for SGRT.