TNXT vs. TDVG
TNXT (T. Rowe Price Innovation Leaders ETF) and TDVG (T. Rowe Price Dividend Growth ETF) are both exchange-traded funds - TNXT is a Large Cap Growth Equities fund actively managed by T. Rowe Price, while TDVG is a Large Cap Blend Equities fund actively managed by T. Rowe Price. Both are actively managed. Their 0.60 correlation means they have sometimes moved together and sometimes differently. 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
- 0.05%
- 1M
- -2.48%
- 6M
- 10.67%
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
TDVG
- 1D
- -0.24%
- 1M
- 1.16%
- 6M
- 9.09%
- YTD
- 10.93%
- 1Y
- 18.11%
- 3Y*
- 14.55%
- 5Y*
- 10.00%
- 10Y*
- —
- ALL TIME*
- 13.28%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.11M | $3.07M | $2.63M | |
| $19.23K | $12.64K | $54.16K |
TNXT vs. TDVG - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
TNXT T. Rowe Price Innovation Leaders ETF | 8.98% |
TDVG T. Rowe Price Dividend Growth ETF | 8.80% |
Correlation
The correlation between TNXT and TDVG is 0.60, 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 Jan 29, 2026 | 0.60 |
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Return for Risk
TNXT vs. TDVG — Risk / Return Rank
TNXT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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.
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 | TDVG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.34 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.51 | — |
| Martin ratioReturn relative to average drawdown | — | 10.48 | — |
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Drawdowns
TNXT vs. TDVG - Drawdown Comparison
The maximum TNXT drawdown since its inception was -13.11%, 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 | -13.11% | -19.20% | +6.09% |
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 | -3.31% | -0.92% | -2.39% |
Average DrawdownAverage peak-to-trough decline | -3.24% | -3.67% | +0.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.73% | — |
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 | — | 2.20% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.30% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.96% | 9.74% | +11.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.96% | 13.87% | +7.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.96% | 13.81% | +7.15% |
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 0.96%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
TDVG T. Rowe Price Dividend Growth ETF | 0.96% | 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 0.60, 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 0.96%, compared with 0.00% for TNXT.
TNXT is categorized as Large Cap Growth Equities, while TDVG is Large Cap Blend Equities. Their fees differ too: 0.49% for TNXT and 0.50% for TDVG.
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