TSPA vs. USD=X
TSPA (T. Rowe Price US Equity Research ETF) is Large Cap Blend Equities fund actively managed by T. Rowe Price, while USD=X (USD Cash) is a currency. Over the past 5 years, TSPA returned 14.00%/yr vs 0.00%/yr for USD=X.
Performance
TSPA vs. USD=X - Performance Comparison
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Returns By Period
TSPA
- 1D
- 0.47%
- 1M
- -0.45%
- YTD
- 9.54%
- 6M
- 10.14%
- 1Y
- 24.31%
- 3Y*
- 21.63%
- 5Y*
- 14.00%
- 10Y*
- —
USD=X
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 0.00%
- 3Y*
- 0.00%
- 5Y*
- 0.00%
- 10Y*
- 0.00%
TSPA vs. USD=X - 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% |
USD=X USD Cash | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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Return for Risk
TSPA vs. USD=X — Risk / Return Rank
TSPA
USD=X
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TSPA vs. USD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price US Equity Research ETF (TSPA) and USD Cash (USD=X). 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 | USD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.35 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | — | — |
| Martin ratioReturn relative to average drawdown | 11.98 | — | — |
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Drawdowns
TSPA vs. USD=X - Drawdown Comparison
The maximum TSPA drawdown since its inception was -24.72%, which is greater than USD=X's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for TSPA and USD=X.
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Drawdown Indicators
| TSPA | USD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.72% | 0.00% | -24.72% |
Max Drawdown (1Y)Largest decline over 1 year | -9.24% | 0.00% | -9.24% |
Max Drawdown (3Y)Largest decline over 3 years | -19.04% | 0.00% | -19.04% |
Max Drawdown (5Y)Largest decline over 5 years | -24.72% | 0.00% | -24.72% |
Max Drawdown (10Y)Largest decline over 10 years | — | 0.00% | — |
Current DrawdownCurrent decline from peak | -2.25% | 0.00% | -2.25% |
Average DrawdownAverage peak-to-trough decline | -5.47% | 0.00% | -5.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 0.00% | +2.04% |
Volatility
TSPA vs. USD=X - Volatility Comparison
T. Rowe Price US Equity Research ETF (TSPA) has a higher volatility of 4.52% compared to USD Cash (USD=X) at 0.00%. This indicates that TSPA's price experiences larger fluctuations and is considered to be riskier than USD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSPA | USD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.52% | 0.00% | +4.52% |
Volatility (6M)Calculated over the trailing 6-month period | 10.15% | 0.00% | +10.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.76% | 0.00% | +12.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.05% | 0.00% | +17.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.03% | 0.00% | +17.03% |
Frequently Asked Questions
TSPA has higher volatility (4.52%) compared to USD=X (0.00%). In terms of maximum drawdown, TSPA dropped -24.72% vs USD=X's 0.00%.
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