TOTR vs. TGRW

Last updated Jun 4, 2026

TOTR (T. Rowe Price Total Return ETF) and TGRW (T. Rowe Price Growth Stock ETF) are both exchange-traded funds - TOTR is a Intermediate Core-Plus Bond fund actively managed by T. Rowe Price, while TGRW is a Large Cap Growth Equities fund actively managed by T. Rowe Price. Both are actively managed. Over the past 3 years, TOTR returned 4.40%/yr vs 22.38%/yr for TGRW. At a 0.15 correlation, their price movements are largely independent. TOTR charges 0.31%/yr vs 0.52%/yr for TGRW.

Performance

TOTR vs. TGRW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Total Return ETF (TOTR) and T. Rowe Price Growth Stock ETF (TGRW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TOTR achieves a 0.31% return, which is significantly lower than TGRW's 5.83% return.

TOTR

• 1D: -0.21%
• 1M: 0.26%
• YTD: 0.31%
• 6M: 0.27%
• 1Y: 5.48%
• 3Y*: 4.40%
• 5Y*: —
• 10Y*: —

TGRW

• 1D: -1.25%
• 1M: 6.14%
• YTD: 5.83%
• 6M: 5.32%
• 1Y: 21.56%
• 3Y*: 22.38%
• 5Y*: 9.69%
• 10Y*: —

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

TOTR vs. TGRW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TOTR T. Rowe Price Total Return ETF	0.31%	7.41%	2.43%	6.27%	-15.88%	0.14%
TGRW T. Rowe Price Growth Stock ETF	5.83%	15.62%	29.94%	48.87%	-38.42%	3.68%

Correlation

The correlation between TOTR and TGRW is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (All Time) Calculated using the full available price history since Sep 30, 2021	0.15

TOTR vs. TGRW - Sectors Allocation Comparison

Sectors	TOTR	TGRW
Financial Services	67.7%	5.6%
Technology	17.1%	52.0%
Communication Services	4.9%	15.6%
Consumer Cyclical	4.7%	12.5%
Consumer Defensive	1.8%	0.9%
Healthcare	1.6%	7.4%
Industrials	1.2%	4.6%
Basic Materials	0.4%	0.7%
Utilities	0.4%	-
Energy	0.2%	-
Real Estate	0.1%	0.6%

Return for Risk

TOTR vs. TGRW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TOTR

TOTR Risk / Return Rank: 38
TOTR Sharpe Ratio Rank: 35
TOTR Sortino Ratio Rank: 37
TOTR Omega Ratio Rank: 35
TOTR Calmar Ratio Rank: 43
TOTR Martin Ratio Rank: 41

TGRW

TGRW Risk / Return Rank: 31
TGRW Sharpe Ratio Rank: 36
TGRW Sortino Ratio Rank: 34
TGRW Omega Ratio Rank: 34
TGRW Calmar Ratio Rank: 24
TGRW Martin Ratio Rank: 26

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TOTR vs. TGRW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Total Return ETF (TOTR) and T. Rowe Price Growth Stock ETF (TGRW). 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.

	TOTR	TGRW	Difference
Sharpe ratio: Return per unit of total volatility	1.26	1.31	-0.05
Sortino ratio: Return per unit of downside risk	1.94	1.84	+0.10
Omega ratio: Gain probability vs. loss probability	1.23	1.23	0.00
Calmar ratio: Return relative to maximum drawdown	2.15	1.15	+1.00
Martin ratio: Return relative to average drawdown	6.48	3.64	+2.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TOTR vs. TGRW - Sharpe Ratio Comparison

The current TOTR Sharpe Ratio is 1.26, which is comparable to the TGRW Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of TOTR and TGRW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TOTR	TGRW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.26	1.31	-0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.42	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.04	0.53	-0.57

Drawdowns

TOTR vs. TGRW - Drawdown Comparison

The maximum TOTR drawdown since its inception was -19.63%, smaller than the maximum TGRW drawdown of -43.33%. Use the drawdown chart below to compare losses from any high point for TOTR and TGRW.

Drawdown Indicators

	TOTR	TGRW	Difference
Max Drawdown Largest peak-to-trough decline	-19.63%	-43.33%	+23.70%
Max Drawdown (1Y) Largest decline over 1 year	-2.56%	-18.84%	+16.28%
Max Drawdown (3Y) Largest decline over 3 years	-6.16%	-23.18%	+17.02%
Max Drawdown (5Y) Largest decline over 5 years	—	-43.33%	—
Current Drawdown Current decline from peak	-1.97%	-1.79%	-0.18%
Average Drawdown Average peak-to-trough decline	-9.00%	-12.48%	+3.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.85%	5.94%	-5.09%

Volatility

TOTR vs. TGRW - Volatility Comparison

The current volatility for T. Rowe Price Total Return ETF (TOTR) is 1.25%, while T. Rowe Price Growth Stock ETF (TGRW) has a volatility of 3.91%. This indicates that TOTR experiences smaller price fluctuations and is considered to be less risky than TGRW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TOTR	TGRW	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.25%	3.91%	-2.66%
Volatility (6M) Calculated over the trailing 6-month period	2.70%	12.54%	-9.84%
Volatility (1Y) Calculated over the trailing 1-year period	4.37%	16.57%	-12.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.22%	23.27%	-17.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.22%	23.02%	-16.80%

TOTR vs. TGRW - Expense Ratio Comparison

TOTR has a 0.31% expense ratio, which is lower than TGRW's 0.52% expense ratio.

Dividends

TOTR vs. TGRW - Dividend Comparison

TOTR's dividend yield for the trailing twelve months is around 5.31%, while TGRW has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
TGRW T. Rowe Price Growth Stock ETF	0.00%	0.00%	0.00%	0.01%	0.00%	0.40%	0.21%
TOTR T. Rowe Price Total Return ETF	5.31%	5.14%	5.32%	4.71%	3.45%	0.56%	0.00%

Frequently Asked Questions

Can I hold both TOTR and TGRW in my portfolio?

TOTR and TGRW have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TOTR or TGRW?

TGRW has higher volatility (3.91%) compared to TOTR (1.25%). In terms of maximum drawdown, TOTR dropped -19.63% vs TGRW's -43.33%.

Which ETF is better, TOTR or TGRW?

On 3-year performance, TGRW leads with 22.38% vs 4.40% for TOTR. On fees, TOTR is cheaper at 0.31% per year. On volatility, TOTR has been the lower-risk option at 1.25%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TOTR or TGRW?

Over the 3-year period, TGRW has performed better with a 22.38% return vs 4.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TOTR or TGRW?

TOTR is cheaper with a 0.31% expense ratio, compared with 0.52% for TGRW.

Which ETF pays a higher dividend yield, TOTR or TGRW?

TOTR has the higher dividend yield at 5.31%, compared with 0.00% for TGRW.

What is the main difference between TOTR and TGRW?

TOTR is categorized as Intermediate Core-Plus Bond, while TGRW is Large Cap Growth Equities. Their fees differ too: 0.31% for TOTR and 0.52% for TGRW.

Which has better risk-adjusted returns?

TGRW currently has the higher Sharpe Ratio (1.31 vs 1.26), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.