TSPA vs. SPCT

Last updated Jul 17, 2026

TSPA (T. Rowe Price US Equity Research ETF) and SPCT (Liberty One Spectrum ETF) are both Large Cap Blend Equities funds. Both are actively managed. At a 0.45 correlation, their price movements are largely independent. TSPA charges 0.34%/yr vs 0.85%/yr for SPCT.

Performance

TSPA vs. SPCT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price US Equity Research ETF (TSPA) and Liberty One Spectrum ETF (SPCT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSPA achieves a 11.06% return, which is significantly higher than SPCT's 9.92% return.

TSPA

• 1D: -0.50%
• 1M: 0.21%
• 6M: 9.52%
• YTD: 11.06%
• 1Y: 21.70%
• 3Y*: 20.58%
• 5Y*: 13.85%
• 10Y*: —

SPCT

• 1D: 0.99%
• 1M: 1.35%
• 6M: 7.01%
• YTD: 9.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSPA vs. SPCT - Yearly Performance Comparison

	2026 (YTD)	2025
TSPA T. Rowe Price US Equity Research ETF	11.06%	3.08%
SPCT Liberty One Spectrum ETF	9.92%	1.93%

Correlation

The correlation between TSPA and SPCT is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 30, 2025	0.45

Return for Risk

TSPA vs. SPCT — Risk / Return Rank

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

TSPA

TSPA Risk / Return Rank: 63
TSPA Sharpe Ratio Rank: 62
TSPA Sortino Ratio Rank: 61
TSPA Omega Ratio Rank: 62
TSPA Calmar Ratio Rank: 59
TSPA Martin Ratio Rank: 72

SPCT

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

TSPA vs. SPCT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price US Equity Research ETF (TSPA) and Liberty One Spectrum ETF (SPCT). 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	SPCT	Difference
Sharpe ratio: Return per unit of total volatility	1.65	—	—
Sortino ratio: Return per unit of downside risk	2.30	—	—
Omega ratio: Gain probability vs. loss probability	1.30	—	—
Calmar ratio: Return relative to maximum drawdown	2.36	—	—
Martin ratio: Return relative to average drawdown	10.39	—	—

Drawdowns

TSPA vs. SPCT - Drawdown Comparison

The maximum TSPA drawdown since its inception was -24.72%, which is greater than SPCT's maximum drawdown of -7.17%. Use the drawdown chart below to compare losses from any high point for TSPA and SPCT.

Drawdown Indicators

	TSPA	SPCT	Difference
Max Drawdown Largest peak-to-trough decline	-24.72%	-7.17%	-17.55%
Max Drawdown (1Y) Largest decline over 1 year	-9.24%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-19.04%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.72%	—	—
Current Drawdown Current decline from peak	-0.90%	0.00%	-0.90%
Average Drawdown Average peak-to-trough decline	-5.40%	-1.49%	-3.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	—	—

Volatility

Volatility by Period

	TSPA	SPCT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.04%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.68%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.18%	9.27%	+3.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.12%	9.27%	+7.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.99%	9.27%	+7.72%

TSPA vs. SPCT - Expense Ratio Comparison

TSPA has a 0.34% expense ratio, which is lower than SPCT's 0.85% expense ratio.

Dividends

TSPA vs. SPCT - Dividend Comparison

TSPA's dividend yield for the trailing twelve months is around 0.56%, less than SPCT's 0.73% yield.

Position	TTM	2025	2024	2023	2022	2021
SPCT Liberty One Spectrum ETF	0.73%	0.16%	0.00%	0.00%	0.00%	0.00%
TSPA T. Rowe Price US Equity Research ETF	0.56%	0.62%	0.50%	0.41%	1.16%	0.43%

Frequently Asked Questions

Can I hold both TSPA and SPCT in my portfolio?

TSPA and SPCT have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TSPA or SPCT?

On fees, TSPA is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TSPA or SPCT?

TSPA is cheaper with a 0.34% expense ratio, compared with 0.85% for SPCT.

Which ETF pays a higher dividend yield, TSPA or SPCT?

SPCT has the higher dividend yield at 0.73%, compared with 0.56% for TSPA.

What is the main difference between TSPA and SPCT?

They also come from different issuers: T. Rowe Price and Liberty One. Their fees differ too: 0.34% for TSPA and 0.85% for SPCT.