TSPA vs. ^GSPC
Compare and contrast key facts about T. Rowe Price US Equity Research ETF (TSPA) and S&P 500 (^GSPC).
TSPA is an actively managed fund by T. Rowe Price. It was launched on Jun 8, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TSPA or ^GSPC.
Key characteristics
| TSPA | ^GSPC | |
|---|---|---|
| YTD Return | 28.03% | 25.45% |
| 1Y Return | 38.84% | 35.64% |
| 3Y Return (Ann) | 11.29% | 8.55% |
| Sharpe Ratio | 3.13 | 2.90 |
| Sortino Ratio | 4.19 | 3.87 |
| Omega Ratio | 1.58 | 1.54 |
| Calmar Ratio | 4.36 | 4.19 |
| Martin Ratio | 19.90 | 18.72 |
| Ulcer Index | 1.95% | 1.90% |
| Daily Std Dev | 12.41% | 12.27% |
| Max Drawdown | -24.72% | -56.78% |
| Current Drawdown | -0.26% | -0.29% |
Correlation
The correlation between TSPA and ^GSPC is 0.99, 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. ^GSPC - Performance Comparison
In the year-to-date period, TSPA achieves a 28.03% return, which is significantly higher than ^GSPC's 25.45% 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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Risk-Adjusted Performance
TSPA vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price US Equity Research ETF (TSPA) and S&P 500 (^GSPC). 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.
Drawdowns
TSPA vs. ^GSPC - Drawdown Comparison
The maximum TSPA drawdown since its inception was -24.72%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for TSPA and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
TSPA vs. ^GSPC - Volatility Comparison
T. Rowe Price US Equity Research ETF (TSPA) and S&P 500 (^GSPC) have volatilities of 3.93% and 3.86%, 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.