TNXT vs. TDVG
TNXT (T. Rowe Price Innovation Leaders ETF) and TDVG (T. Rowe Price Dividend Growth ETF) are both Large Cap Growth Equities funds from T. Rowe Price. Both are actively managed. A 0.62 correlation means they provide meaningful diversification when combined. TNXT charges 0.49%/yr vs 0.50%/yr for TDVG.
Performance
TNXT vs. TDVG - Performance Comparison
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Returns By Period
TNXT
- 1D
- -4.11%
- 1M
- -0.27%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TDVG
- 1D
- -1.14%
- 1M
- 1.23%
- YTD
- 6.85%
- 6M
- 7.19%
- 1Y
- 16.68%
- 3Y*
- 15.53%
- 5Y*
- 9.90%
- 10Y*
- —
TNXT vs. TDVG - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
TNXT T. Rowe Price Innovation Leaders ETF | 6.10% |
TDVG T. Rowe Price Dividend Growth ETF | 4.85% |
Correlation
The correlation between TNXT and TDVG is 0.62, 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 | 0.62 |
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Return for Risk
TNXT vs. TDVG — Risk / Return Rank
TNXT
TDVG
TNXT vs. TDVG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Innovation Leaders ETF (TNXT) and T. Rowe Price Dividend Growth ETF (TDVG). 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.
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Sharpe Ratios by Period
| TNXT | TDVG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.72 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.71 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.93 | -0.08 |
Drawdowns
TNXT vs. TDVG - Drawdown Comparison
The maximum TNXT drawdown since its inception was -12.97%, smaller than the maximum TDVG drawdown of -19.20%. Use the drawdown chart below to compare losses from any high point for TNXT and TDVG.
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Drawdown Indicators
| TNXT | TDVG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.97% | -19.20% | +6.23% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.24% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.02% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.20% | — |
Current DrawdownCurrent decline from peak | -4.98% | -1.14% | -3.84% |
Average DrawdownAverage peak-to-trough decline | -3.54% | -3.75% | +0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.76% | — |
Volatility
TNXT vs. TDVG - Volatility Comparison
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Volatility by Period
| TNXT | TDVG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.40% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.55% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 21.86% | 9.75% | +12.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.86% | 13.92% | +7.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.86% | 13.93% | +7.93% |
TNXT vs. TDVG - Expense Ratio Comparison
TNXT has a 0.49% expense ratio, which is lower than TDVG's 0.50% expense ratio.
Dividends
TNXT vs. TDVG - Dividend Comparison
TNXT has not paid dividends to shareholders, while TDVG's dividend yield for the trailing twelve months is around 0.99%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
TDVG T. Rowe Price Dividend Growth ETF | 0.99% | 1.00% | 1.06% | 1.31% | 1.15% | 0.80% | 0.40% |
TNXT T. Rowe Price Innovation Leaders ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TNXT and TDVG have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
TNXT is cheaper with a 0.49% expense ratio, compared with 0.50% for TDVG.
TDVG has the higher dividend yield at 0.99%, compared with 0.00% for TNXT.
Their fees differ too: 0.49% for TNXT and 0.50% for TDVG.
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