TSPA vs. TGRT
Compare and contrast key facts about T. Rowe Price US Equity Research ETF (TSPA) and T. Rowe Price Growth ETF (TGRT).
TSPA and TGRT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TSPA is an actively managed fund by T. Rowe Price. It was launched on Jun 8, 2021. TGRT is an actively managed fund by T. Rowe Price. It was launched on Jun 14, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TSPA or TGRT.
Key characteristics
| TSPA | TGRT | |
|---|---|---|
| YTD Return | 28.37% | 33.58% |
| 1Y Return | 39.17% | 42.82% |
| Sharpe Ratio | 3.30 | 2.77 |
| Sortino Ratio | 4.40 | 3.59 |
| Omega Ratio | 1.62 | 1.50 |
| Calmar Ratio | 4.62 | 3.83 |
| Martin Ratio | 21.10 | 15.90 |
| Ulcer Index | 1.95% | 2.87% |
| Daily Std Dev | 12.43% | 16.37% |
| Max Drawdown | -24.72% | -11.89% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between TSPA and TGRT is 0.93, 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. TGRT - Performance Comparison
In the year-to-date period, TSPA achieves a 28.37% return, which is significantly lower than TGRT's 33.58% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TSPA vs. TGRT - Expense Ratio Comparison
TSPA has a 0.34% expense ratio, which is lower than TGRT's 0.38% expense ratio.
Risk-Adjusted Performance
TSPA vs. TGRT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price US Equity Research ETF (TSPA) and T. Rowe Price Growth ETF (TGRT). 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.
Dividends
TSPA vs. TGRT - Dividend Comparison
TSPA's dividend yield for the trailing twelve months is around 0.32%, more than TGRT's 0.04% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
TSPA T. Rowe Price US Equity Research ETF | 0.32% | 0.41% | 1.16% | 0.43% |
TGRT T. Rowe Price Growth ETF | 0.04% | 0.06% | 0.00% | 0.00% |
Drawdowns
TSPA vs. TGRT - Drawdown Comparison
The maximum TSPA drawdown since its inception was -24.72%, which is greater than TGRT's maximum drawdown of -11.89%. Use the drawdown chart below to compare losses from any high point for TSPA and TGRT. For additional features, visit the drawdowns tool.
Volatility
TSPA vs. TGRT - Volatility Comparison
The current volatility for T. Rowe Price US Equity Research ETF (TSPA) is 3.96%, while T. Rowe Price Growth ETF (TGRT) has a volatility of 5.00%. This indicates that TSPA experiences smaller price fluctuations and is considered to be less risky than TGRT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.