TSEL vs. DARP

Last updated Jun 4, 2026

TSEL (Touchstone Sands Capital US Select Growth ETF) and DARP (Grizzle Growth ETF) are both Large Cap Growth Equities funds. Both are actively managed. Over the past year, TSEL returned 9.55% vs 82.62% for DARP. A 0.77 correlation means they provide meaningful diversification when combined. TSEL charges 0.67%/yr vs 0.75%/yr for DARP.

Performance

TSEL vs. DARP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Touchstone Sands Capital US Select Growth ETF (TSEL) and Grizzle Growth ETF (DARP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSEL achieves a 3.62% return, which is significantly lower than DARP's 32.67% return.

TSEL

• 1D: -1.53%
• 1M: 4.36%
• YTD: 3.62%
• 6M: 2.58%
• 1Y: 9.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DARP

• 1D: -0.76%
• 1M: 8.18%
• YTD: 32.67%
• 6M: 34.22%
• 1Y: 82.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSEL vs. DARP - Yearly Performance Comparison

	2026 (YTD)	2025
TSEL Touchstone Sands Capital US Select Growth ETF	3.62%	11.16%
DARP Grizzle Growth ETF	32.67%	35.36%

Correlation

The correlation between TSEL and DARP is 0.69, 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	0.69
Correlation (All Time) Calculated using the full available price history since Jan 6, 2025	0.77

The correlation between TSEL and DARP has been stable across timeframes, ranging from 0.69 to 0.77 - a consistent structural relationship.

Return for Risk

TSEL vs. DARP — Risk / Return Rank

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

TSEL

TSEL Risk / Return Rank: 16
TSEL Sharpe Ratio Rank: 17
TSEL Sortino Ratio Rank: 16
TSEL Omega Ratio Rank: 17
TSEL Calmar Ratio Rank: 14
TSEL Martin Ratio Rank: 14

DARP

DARP Risk / Return Rank: 91
DARP Sharpe Ratio Rank: 94
DARP Sortino Ratio Rank: 88
DARP Omega Ratio Rank: 87
DARP Calmar Ratio Rank: 93
DARP Martin Ratio Rank: 94

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.

TSEL vs. DARP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Touchstone Sands Capital US Select Growth ETF (TSEL) and Grizzle Growth ETF (DARP). 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.

	TSEL	DARP	Difference
Sharpe ratio: Return per unit of total volatility	0.47	3.59	-3.12
Sortino ratio: Return per unit of downside risk	0.76	4.03	-3.27
Omega ratio: Gain probability vs. loss probability	1.09	1.54	-0.45
Calmar ratio: Return relative to maximum drawdown	0.41	7.03	-6.62
Martin ratio: Return relative to average drawdown	1.01	26.75	-25.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TSEL vs. DARP - Sharpe Ratio Comparison

The current TSEL Sharpe Ratio is 0.47, which is lower than the DARP Sharpe Ratio of 3.59. The chart below compares the historical Sharpe Ratios of TSEL and DARP, 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

	TSEL	DARP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.47	3.59	-3.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	1.49	-1.09

Drawdowns

TSEL vs. DARP - Drawdown Comparison

The maximum TSEL drawdown since its inception was -28.95%, roughly equal to the maximum DARP drawdown of -30.27%. Use the drawdown chart below to compare losses from any high point for TSEL and DARP.

Drawdown Indicators

	TSEL	DARP	Difference
Max Drawdown Largest peak-to-trough decline	-28.95%	-30.27%	+1.32%
Max Drawdown (1Y) Largest decline over 1 year	-23.47%	-11.82%	-11.65%
Current Drawdown Current decline from peak	-5.07%	-0.76%	-4.31%
Average Drawdown Average peak-to-trough decline	-8.25%	-4.64%	-3.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.44%	3.10%	+6.34%

Volatility

TSEL vs. DARP - Volatility Comparison

The current volatility for Touchstone Sands Capital US Select Growth ETF (TSEL) is 4.90%, while Grizzle Growth ETF (DARP) has a volatility of 7.07%. This indicates that TSEL experiences smaller price fluctuations and is considered to be less risky than DARP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSEL	DARP	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.90%	7.07%	-2.17%
Volatility (6M) Calculated over the trailing 6-month period	15.63%	17.49%	-1.86%
Volatility (1Y) Calculated over the trailing 1-year period	20.34%	23.16%	-2.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.78%	26.11%	+0.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.78%	26.11%	+0.67%

TSEL vs. DARP - Expense Ratio Comparison

TSEL has a 0.67% expense ratio, which is lower than DARP's 0.75% expense ratio.

Dividends

TSEL vs. DARP - Dividend Comparison

TSEL has not paid dividends to shareholders, while DARP's dividend yield for the trailing twelve months is around 0.33%.

Position	TTM	2025	2024	2023
DARP Grizzle Growth ETF	0.33%	0.43%	1.93%	0.32%
TSEL Touchstone Sands Capital US Select Growth ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TSEL and DARP in my portfolio?

TSEL and DARP have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TSEL or DARP?

DARP has higher volatility (7.07%) compared to TSEL (4.90%). In terms of maximum drawdown, TSEL dropped -28.95% vs DARP's -30.27%.

Which ETF is better, TSEL or DARP?

On 1-year performance, DARP leads with 82.62% vs 9.55% for TSEL. On fees, TSEL is cheaper at 0.67% per year. On volatility, TSEL has been the lower-risk option at 4.90%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TSEL or DARP?

Over the 1-year period, DARP has performed better with a 82.62% return vs 9.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TSEL or DARP?

TSEL is cheaper with a 0.67% expense ratio, compared with 0.75% for DARP.

Which ETF pays a higher dividend yield, TSEL or DARP?

DARP has the higher dividend yield at 0.33%, compared with 0.00% for TSEL.

What is the main difference between TSEL and DARP?

They also come from different issuers: Touchstone and Grizzle. Their fees differ too: 0.67% for TSEL and 0.75% for DARP.

Which has better risk-adjusted returns?

DARP currently has the higher Sharpe Ratio (3.59 vs 0.47), 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.