TSPA vs. ^GSPC
Compare and contrast key facts about T. Rowe Price US Equity Research ETF (TSPA) and S&P 500 (^GSPC).
TSPA is an actively managed fund by T. Rowe Price. It was launched on Jun 8, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TSPA or ^GSPC.
Correlation
The correlation between TSPA and ^GSPC is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
TSPA vs. ^GSPC - Performance Comparison
Key characteristics
TSPA:
1.71
^GSPC:
1.62
TSPA:
2.31
^GSPC:
2.20
TSPA:
1.31
^GSPC:
1.30
TSPA:
2.52
^GSPC:
2.46
TSPA:
10.63
^GSPC:
10.01
TSPA:
2.11%
^GSPC:
2.08%
TSPA:
13.16%
^GSPC:
12.88%
TSPA:
-24.72%
^GSPC:
-56.78%
TSPA:
-2.35%
^GSPC:
-2.13%
Returns By Period
In the year-to-date period, TSPA achieves a 2.08% return, which is significantly lower than ^GSPC's 2.24% return.
TSPA
2.08%
-2.08%
7.26%
19.49%
N/A
N/A
^GSPC
2.24%
-1.73%
6.72%
18.16%
13.31%
11.05%
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Risk-Adjusted Performance
TSPA vs. ^GSPC — Risk-Adjusted Performance Rank
TSPA
^GSPC
TSPA vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price US Equity Research ETF (TSPA) and S&P 500 (^GSPC). 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.
Drawdowns
TSPA vs. ^GSPC - Drawdown Comparison
The maximum TSPA drawdown since its inception was -24.72%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for TSPA and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
TSPA vs. ^GSPC - Volatility Comparison
T. Rowe Price US Equity Research ETF (TSPA) has a higher volatility of 3.80% compared to S&P 500 (^GSPC) at 3.43%. This indicates that TSPA's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.