TSPA vs. SLQD
TSPA (T. Rowe Price US Equity Research ETF) and SLQD (iShares 0-5 Year Investment Grade Corporate Bond ETF) are both exchange-traded funds - TSPA is a Large Cap Blend Equities fund actively managed by T. Rowe Price, while SLQD is a Corporate Bonds fund tracking the Markit iBoxx USD Liquid Investment Grade 0-5 Index. TSPA is actively managed, while SLQD is passively managed. Over the past 5 years, TSPA returned 14.00%/yr vs 2.53%/yr for SLQD. At a 0.26 correlation, their price movements are largely independent. TSPA charges 0.34%/yr vs 0.06%/yr for SLQD.
Performance
TSPA vs. SLQD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TSPA achieves a 9.54% return, which is significantly higher than SLQD's 1.01% return.
TSPA
- 1D
- 0.47%
- 1M
- -0.45%
- YTD
- 9.54%
- 6M
- 10.14%
- 1Y
- 24.31%
- 3Y*
- 21.63%
- 5Y*
- 14.00%
- 10Y*
- —
SLQD
- 1D
- -0.02%
- 1M
- 0.26%
- YTD
- 1.01%
- 6M
- 1.39%
- 1Y
- 4.39%
- 3Y*
- 5.51%
- 5Y*
- 2.53%
- 10Y*
- 2.71%
TSPA vs. SLQD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TSPA T. Rowe Price US Equity Research ETF | 9.54% | 16.44% | 26.37% | 29.95% | -18.70% | 13.26% |
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF | 1.01% | 6.27% | 4.94% | 5.98% | -4.38% | -0.67% |
Correlation
The correlation between TSPA and SLQD is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2021 | 0.26 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TSPA vs. SLQD — Risk / Return Rank
TSPA
SLQD
TSPA vs. SLQD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price US Equity Research ETF (TSPA) and iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD). 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.
| TSPA | SLQD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.04 | ||
| Sortino ratioReturn per unit of downside risk | -2.15 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.61 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 4.15 | -1.50 |
| Martin ratioReturn relative to average drawdown | 11.98 | 18.78 | -6.80 |
Loading charts...
Drawdowns
TSPA vs. SLQD - Drawdown Comparison
The maximum TSPA drawdown since its inception was -24.72%, which is greater than SLQD's maximum drawdown of -12.69%. Use the drawdown chart below to compare losses from any high point for TSPA and SLQD.
Loading charts...
Drawdown Indicators
| TSPA | SLQD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.72% | -12.69% | -12.03% |
Max Drawdown (1Y)Largest decline over 1 year | -9.24% | -1.06% | -8.18% |
Max Drawdown (3Y)Largest decline over 3 years | -19.04% | -1.06% | -17.98% |
Max Drawdown (5Y)Largest decline over 5 years | -24.72% | -7.63% | -17.09% |
Max Drawdown (10Y)Largest decline over 10 years | — | -12.69% | — |
Current DrawdownCurrent decline from peak | -2.25% | -0.02% | -2.23% |
Average DrawdownAverage peak-to-trough decline | -5.47% | -0.87% | -4.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 0.23% | +1.81% |
Volatility
TSPA vs. SLQD - Volatility Comparison
T. Rowe Price US Equity Research ETF (TSPA) has a higher volatility of 4.52% compared to iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) at 0.53%. This indicates that TSPA's price experiences larger fluctuations and is considered to be riskier than SLQD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TSPA | SLQD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.52% | 0.53% | +3.99% |
Volatility (6M)Calculated over the trailing 6-month period | 10.15% | 1.13% | +9.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.76% | 1.49% | +11.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.05% | 2.44% | +14.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.03% | 3.14% | +13.89% |
TSPA vs. SLQD - Expense Ratio Comparison
TSPA has a 0.34% expense ratio, which is higher than SLQD's 0.06% expense ratio.
Dividends
TSPA vs. SLQD - Dividend Comparison
TSPA's dividend yield for the trailing twelve months is around 0.57%, less than SLQD's 4.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF | 4.31% | 4.15% | 3.71% | 2.99% | 2.00% | 1.67% | 2.34% | 2.89% | 2.55% | 1.98% | 1.81% | 1.43% |
TSPA T. Rowe Price US Equity Research ETF | 0.57% | 0.62% | 0.50% | 0.41% | 1.16% | 0.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TSPA and SLQD have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSPA has higher volatility (4.52%) compared to SLQD (0.53%). In terms of maximum drawdown, TSPA dropped -24.72% vs SLQD's -12.69%.
On 5-year performance, TSPA leads with 14.00% vs 2.53% for SLQD. On fees, SLQD is cheaper at 0.06% per year. On volatility, SLQD has been the lower-risk option at 0.53%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, TSPA has performed better with a 14.00% return vs 2.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SLQD is cheaper with a 0.06% expense ratio, compared with 0.34% for TSPA.
SLQD has the higher dividend yield at 4.31%, compared with 0.57% for TSPA.
TSPA is categorized as Large Cap Blend Equities, while SLQD is Corporate Bonds. They also come from different issuers: T. Rowe Price and iShares. Their fees differ too: 0.34% for TSPA and 0.06% for SLQD.
SLQD currently has the higher Sharpe Ratio (2.96 vs 1.91), 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.
Find the right allocation for TSPA and SLQD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer