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TSPA vs. VTI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TSPA vs. VTI

Last updated Jun 4, 2026

TSPA (T. Rowe Price US Equity Research ETF) and VTI (Vanguard Total Stock Market ETF) are both Large Cap Blend Equities funds. TSPA is actively managed, while VTI is passively managed. Over the past 3 years, TSPA returned 22.97%/yr vs 22.07%/yr for VTI. With a 0.98 correlation, they move nearly in lockstep. TSPA charges 0.34%/yr vs 0.03%/yr for VTI.

Performance

TSPA vs. VTI - Performance Comparison

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

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Returns By Period

The year-to-date returns for both stocks are quite close, with TSPA having a 11.31% return and VTI slightly lower at 11.20%.

TSPA

1D
-0.67%
1M
4.87%
YTD
11.31%
6M
11.41%
1Y
27.74%
3Y*
22.97%
5Y*
—
10Y*
—

VTI

1D
-0.72%
1M
4.99%
YTD
11.20%
6M
11.09%
1Y
28.18%
3Y*
22.07%
5Y*
12.69%
10Y*
15.05%
*Multi-year figures are annualized to reflect compound growth (CAGR)

TSPA vs. VTI - Yearly Performance Comparison

2026 (YTD)20252024202320222021
TSPA
T. Rowe Price US Equity Research ETF		11.31%16.44%26.37%29.95%-18.70%13.72%
VTI
Vanguard Total Stock Market ETF		11.20%17.10%23.81%26.05%-19.52%11.13%

Correlation

The correlation between TSPA and VTI is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.98

Correlation (3Y)
Calculated over the trailing 3-year period

0.98

Correlation (All Time)
Calculated using the full available price history since Jun 10, 2021

0.98

The correlation between TSPA and VTI has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.

TSPA vs. VTI - Sectors Allocation Comparison

Sectors
TSPA
VTI

Technology

33.6%
33.5%

Financial Services

12.8%
12.0%

Communication Services

10.7%
10.3%

Consumer Cyclical

9.9%
10.0%

Healthcare

9.5%
9.2%

Industrials

8.0%
9.8%

Consumer Defensive

5.0%
4.7%

Energy

4.1%
3.7%

Utilities

2.6%
2.3%

Basic Materials

1.9%
2.0%

Real Estate

1.8%
2.4%

Technology

TSPA
33.6%
VTI
33.5%

Financial Services

TSPA
12.8%
VTI
12.0%

Communication Services

TSPA
10.7%
VTI
10.3%

Consumer Cyclical

TSPA
9.9%
VTI
10.0%

Healthcare

TSPA
9.5%
VTI
9.2%

Industrials

TSPA
8.0%
VTI
9.8%

Consumer Defensive

TSPA
5.0%
VTI
4.7%

Energy

TSPA
4.1%
VTI
3.7%

Utilities

TSPA
2.6%
VTI
2.3%

Basic Materials

TSPA
1.9%
VTI
2.0%

Real Estate

TSPA
1.8%
VTI
2.4%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

T. Rowe Price US Equity Research ETF

Vanguard Total Stock Market ETF

Often compared with TSPA:
TSPA vs. TCAFTSPA vs. TCHPTSPA vs. PRCOXTSPA vs. VOOTSPA vs. TGRTTSPA vs. SPMOTSPA vs. SCHG
Often compared with VTI:
VTI vs. VOOVTI vs. VXUSVTI vs. SPYVTI vs. VTVTI vs. SCHDVTI vs. FZROXVTI vs. QQQ

Return for Risk

TSPA vs. VTI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TSPA
TSPA Risk / Return Rank: 6767
Overall Rank
TSPA Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
TSPA Sortino Ratio Rank: 6767
Sortino Ratio Rank
TSPA Omega Ratio Rank: 6868
Omega Ratio Rank
TSPA Calmar Ratio Rank: 6161
Calmar Ratio Rank
TSPA Martin Ratio Rank: 7474
Martin Ratio Rank
VTI
VTI Risk / Return Rank: 6868
Overall Rank
VTI Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
VTI Sortino Ratio Rank: 6868
Sortino Ratio Rank
VTI Omega Ratio Rank: 6767
Omega Ratio Rank
VTI Calmar Ratio Rank: 6262
Calmar Ratio Rank
VTI Martin Ratio Rank: 7575
Martin Ratio Rank
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. VTI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price US Equity Research ETF (TSPA) and Vanguard Total Stock Market ETF (VTI). 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.

TSPAVTIDifference
Sharpe ratioReturn per unit of total volatility
2.28
2.33

-0.05

Sortino ratioReturn per unit of downside risk
3.12
3.18

-0.06

Omega ratioGain probability vs. loss probability

1.41

1.42

0.00

Calmar ratioReturn relative to maximum drawdown

3.02

3.17

-0.16

Martin ratioReturn relative to average drawdown

14.04

14.62

-0.58

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TSPA vs. VTI - Sharpe Ratio Comparison

The current TSPA Sharpe Ratio is 2.28, which is comparable to the VTI Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of TSPA and VTI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

TSPAVTIDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.28

2.33

-0.05

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.73

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.82

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.86

0.51

+0.35

Drawdowns

TSPA vs. VTI - Drawdown Comparison

The maximum TSPA drawdown since its inception was -24.72%, smaller than the maximum VTI drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for TSPA and VTI.

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Drawdown Indicators

TSPAVTIDifference

Max Drawdown

Largest peak-to-trough decline

-24.72%

-55.45%

+30.73%

Max Drawdown (1Y)

Largest decline over 1 year

-9.24%

-8.92%

-0.32%

Max Drawdown (3Y)

Largest decline over 3 years

-19.04%

-19.30%

+0.26%

Max Drawdown (5Y)

Largest decline over 5 years

—

-25.36%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.00%

—

Current Drawdown

Current decline from peak

-0.67%

-0.72%

+0.05%

Average Drawdown

Average peak-to-trough decline

-5.49%

-8.03%

+2.54%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.98%

1.93%

+0.05%

Volatility

TSPA vs. VTI - Volatility Comparison

T. Rowe Price US Equity Research ETF (TSPA) and Vanguard Total Stock Market ETF (VTI) have volatilities of 2.98% and 2.96%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TSPAVTIDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.98%

2.96%

+0.02%

Volatility (6M)

Calculated over the trailing 6-month period

9.44%

9.13%

+0.31%

Volatility (1Y)

Calculated over the trailing 1-year period

12.26%

12.17%

+0.09%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.00%

17.40%

-0.40%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.00%

18.30%

-1.30%

TSPA vs. VTI - Expense Ratio Comparison

TSPA has a 0.34% expense ratio, which is higher than VTI's 0.03% expense ratio.

Dividends

TSPA vs. VTI - Dividend Comparison

TSPA's dividend yield for the trailing twelve months is around 0.56%, less than VTI's 1.01% yield.

PositionTTM20252024202320222021202020192018201720162015
TSPA
T. Rowe Price US Equity Research ETF		0.56%0.62%0.50%0.41%1.16%0.43%0.00%0.00%0.00%0.00%0.00%0.00%
VTI
Vanguard Total Stock Market ETF		1.01%1.12%1.27%1.44%1.66%1.21%1.42%1.78%2.04%1.71%1.92%1.98%

Frequently Asked Questions

With a correlation of 0.98, TSPA and VTI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

TSPA has higher volatility (2.98%) compared to VTI (2.96%). In terms of maximum drawdown, TSPA dropped -24.72% vs VTI's -55.45%.

On 3-year performance, TSPA leads with 22.97% vs 22.07% for VTI. On fees, VTI is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, TSPA has performed better with a 22.97% return vs 22.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VTI is cheaper with a 0.03% expense ratio, compared with 0.34% for TSPA.

VTI has the higher dividend yield at 1.01%, compared with 0.56% for TSPA.

They also come from different issuers: T. Rowe Price and Vanguard. Their fees differ too: 0.34% for TSPA and 0.03% for VTI.

VTI currently has the higher Sharpe Ratio (2.33 vs 2.28), 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.

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