TOUS vs. TGRW

Last updated Jul 14, 2026

TOUS (T. Rowe Price International Equity ETF) and TGRW (T. Rowe Price Growth Stock ETF) are both exchange-traded funds - TOUS is a Foreign Large Cap Equities 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, TOUS returned 16.36%/yr vs 18.30%/yr for TGRW. A 0.58 correlation means they provide meaningful diversification when combined. TOUS charges 0.50%/yr vs 0.52%/yr for TGRW.

Performance

TOUS vs. TGRW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price International Equity ETF (TOUS) 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, TOUS achieves a 10.29% return, which is significantly higher than TGRW's 2.00% return.

TOUS

• 1D: -0.96%
• 1M: 0.05%
• 6M: 6.05%
• YTD: 10.29%
• 1Y: 20.09%
• 3Y*: 16.36%
• 5Y*: —
• 10Y*: —

TGRW

• 1D: -1.74%
• 1M: 0.76%
• 6M: 1.50%
• YTD: 2.00%
• 1Y: 11.41%
• 3Y*: 18.30%
• 5Y*: 7.31%
• 10Y*: —

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

TOUS vs. TGRW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TOUS T. Rowe Price International Equity ETF	10.29%	34.00%	3.63%	3.45%
TGRW T. Rowe Price Growth Stock ETF	2.00%	15.62%	29.94%	13.40%

Correlation

The correlation between TOUS and TGRW is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (All Time) Calculated using the full available price history since Jun 15, 2023	0.58

The correlation between TOUS and TGRW has been stable across timeframes, ranging from 0.57 to 0.58 - a consistent structural relationship.

TOUS vs. TGRW - Sectors Allocation Comparison

Sectors	TOUS	TGRW
Financial Services	23.0%	5.2%
Industrials	18.6%	4.1%
Technology	14.0%	52.6%
Healthcare	9.4%	6.6%
Consumer Defensive	6.3%	0.8%
Consumer Cyclical	5.6%	13.1%
Basic Materials	4.8%	0.6%
Energy	4.2%	-
Communication Services	4.1%	16.5%
Utilities	3.0%	-
Real Estate	1.4%	0.6%

Return for Risk

TOUS vs. TGRW — Risk / Return Rank

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

TOUS

TOUS Risk / Return Rank: 44
TOUS Sharpe Ratio Rank: 45
TOUS Sortino Ratio Rank: 45
TOUS Omega Ratio Rank: 46
TOUS Calmar Ratio Rank: 41
TOUS Martin Ratio Rank: 46

TGRW

TGRW Risk / Return Rank: 21
TGRW Sharpe Ratio Rank: 23
TGRW Sortino Ratio Rank: 22
TGRW Omega Ratio Rank: 21
TGRW Calmar Ratio Rank: 18
TGRW Martin Ratio Rank: 20

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.

TOUS vs. TGRW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price International Equity ETF (TOUS) 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.

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.

	TOUS	TGRW	Difference
Sharpe ratio: Return per unit of total volatility	1.26	0.65	+0.61
Sortino ratio: Return per unit of downside risk	1.87	1.00	+0.87
Omega ratio: Gain probability vs. loss probability	1.23	1.12	+0.11
Calmar ratio: Return relative to maximum drawdown	1.65	0.61	+1.04
Martin ratio: Return relative to average drawdown	5.98	1.85	+4.13

TOUS vs. TGRW - Sharpe Ratio Comparison

The current TOUS Sharpe Ratio is 1.26, which is higher than the TGRW Sharpe Ratio of 0.65. The chart below compares the historical Sharpe Ratios of TOUS 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.

Drawdowns

TOUS vs. TGRW - Drawdown Comparison

The maximum TOUS drawdown since its inception was -14.29%, smaller than the maximum TGRW drawdown of -43.33%. Use the drawdown chart below to compare losses from any high point for TOUS and TGRW.

Drawdown Indicators

	TOUS	TGRW	Difference
Max Drawdown Largest peak-to-trough decline	-14.29%	-43.33%	+29.04%
Max Drawdown (1Y) Largest decline over 1 year	-12.23%	-18.84%	+6.61%
Max Drawdown (3Y) Largest decline over 3 years	-14.29%	-23.18%	+8.89%
Max Drawdown (5Y) Largest decline over 5 years	—	-43.33%	—
Current Drawdown Current decline from peak	-2.31%	-5.34%	+3.03%
Average Drawdown Average peak-to-trough decline	-2.77%	-12.34%	+9.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.37%	6.18%	-2.81%

Volatility

TOUS vs. TGRW - Volatility Comparison

The current volatility for T. Rowe Price International Equity ETF (TOUS) is 4.86%, while T. Rowe Price Growth Stock ETF (TGRW) has a volatility of 6.09%. This indicates that TOUS 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

	TOUS	TGRW	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.86%	6.09%	-1.23%
Volatility (6M) Calculated over the trailing 6-month period	13.89%	14.00%	-0.11%
Volatility (1Y) Calculated over the trailing 1-year period	16.00%	17.64%	-1.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.27%	23.45%	-8.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.27%	23.01%	-7.74%

TOUS vs. TGRW - Expense Ratio Comparison

TOUS has a 0.50% expense ratio, which is lower than TGRW's 0.52% expense ratio.

Dividends

TOUS vs. TGRW - Dividend Comparison

TOUS's dividend yield for the trailing twelve months is around 1.58%, 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%
TOUS T. Rowe Price International Equity ETF	1.58%	1.74%	3.01%	0.50%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TOUS and TGRW in my portfolio?

TOUS and TGRW have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TOUS or TGRW?

TGRW has higher volatility (6.09%) compared to TOUS (4.86%). In terms of maximum drawdown, TOUS dropped -14.29% vs TGRW's -43.33%.

Which ETF is better, TOUS or TGRW?

On 3-year performance, TGRW leads with 18.30% vs 16.36% for TOUS. On fees, TOUS is cheaper at 0.50% per year. On volatility, TOUS has been the lower-risk option at 4.86%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TOUS or TGRW?

Over the 3-year period, TGRW has performed better with a 18.30% return vs 16.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TOUS or TGRW?

TOUS is cheaper with a 0.50% expense ratio, compared with 0.52% for TGRW.

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

TOUS has the higher dividend yield at 1.58%, compared with 0.00% for TGRW.

What is the main difference between TOUS and TGRW?

TOUS is categorized as Foreign Large Cap Equities, while TGRW is Large Cap Growth Equities. Their fees differ too: 0.50% for TOUS and 0.52% for TGRW.

Which has better risk-adjusted returns?

TOUS currently has the higher Sharpe Ratio (1.26 vs 0.65), 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.