TNXT vs. TOUS
TNXT (T. Rowe Price Innovation Leaders ETF) and TOUS (T. Rowe Price International Equity ETF) are both exchange-traded funds - TNXT is a Large Cap Growth Equities fund actively managed by T. Rowe Price, while TOUS is a Foreign Large Cap Equities fund actively managed by T. Rowe Price. Both are actively managed. A 0.73 correlation means they provide meaningful diversification when combined. TNXT charges 0.49%/yr vs 0.50%/yr for TOUS.
Performance
TNXT vs. TOUS - Performance Comparison
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Returns By Period
TNXT
- 1D
- -0.21%
- 1M
- 5.31%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TOUS
- 1D
- 0.14%
- 1M
- 1.29%
- 6M
- 7.71%
- YTD
- 11.36%
- 1Y
- 21.25%
- 3Y*
- 17.93%
- 5Y*
- —
- 10Y*
- —
TNXT vs. TOUS - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
TNXT T. Rowe Price Innovation Leaders ETF | 12.47% |
TOUS T. Rowe Price International Equity ETF | 5.52% |
Correlation
The correlation between TNXT and TOUS is 0.73, 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 29, 2026 | 0.73 |
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Return for Risk
TNXT vs. TOUS — Risk / Return Rank
TNXT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TOUS
TNXT vs. TOUS - 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 International Equity ETF (TOUS). 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 | TOUS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.24 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.67 | — |
| Martin ratioReturn relative to average drawdown | — | 6.05 | — |
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Drawdowns
TNXT vs. TOUS - Drawdown Comparison
The maximum TNXT drawdown since its inception was -13.11%, smaller than the maximum TOUS drawdown of -14.29%. Use the drawdown chart below to compare losses from any high point for TNXT and TOUS.
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Drawdown Indicators
| TNXT | TOUS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.11% | -14.29% | +1.18% |
Max Drawdown (1Y)Largest decline over 1 year | — | -12.23% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.29% | — |
Current DrawdownCurrent decline from peak | -0.21% | -1.36% | +1.15% |
Average DrawdownAverage peak-to-trough decline | -3.28% | -2.77% | -0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.37% | — |
Volatility
TNXT vs. TOUS - Volatility Comparison
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Volatility by Period
| TNXT | TOUS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.88% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 13.85% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 21.23% | 15.96% | +5.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.23% | 15.27% | +5.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.23% | 15.27% | +5.96% |
TNXT vs. TOUS - Expense Ratio Comparison
TNXT has a 0.49% expense ratio, which is lower than TOUS's 0.50% expense ratio.
Dividends
TNXT vs. TOUS - Dividend Comparison
TNXT has not paid dividends to shareholders, while TOUS's dividend yield for the trailing twelve months is around 1.56%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
TNXT T. Rowe Price Innovation Leaders ETF | 0.00% | 0.00% | 0.00% | 0.00% |
TOUS T. Rowe Price International Equity ETF | 1.56% | 1.74% | 3.01% | 0.50% |
Frequently Asked Questions
TNXT and TOUS have a correlation of 0.73, 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 TOUS.
TOUS has the higher dividend yield at 1.56%, compared with 0.00% for TNXT.
TNXT is categorized as Large Cap Growth Equities, while TOUS is Foreign Large Cap Equities. Their fees differ too: 0.49% for TNXT and 0.50% for TOUS.
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