TVAL vs. TCHP

Last updated Aug 2, 2026

TVAL (T. Rowe Price Value ETF) and TCHP (T. Rowe Price Blue Chip Growth ETF) are both exchange-traded funds - TVAL is a Large Cap Value Equities fund actively managed by T. Rowe Price, while TCHP is a Large Cap Growth Equities fund actively managed by T. Rowe Price. Both are actively managed. Over the past 3 years, TVAL returned 18.55%/yr vs 19.34%/yr for TCHP. Their 0.51 correlation means they have sometimes moved together and sometimes differently. TVAL charges 0.33%/yr vs 0.57%/yr for TCHP.

Performance

TVAL vs. TCHP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Value ETF (TVAL) and T. Rowe Price Blue Chip Growth ETF (TCHP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TVAL achieves a 20.98% return, which is significantly higher than TCHP's -2.07% return.

TVAL

• 1D: 0.50%
• 1M: 1.14%
• 6M: 15.26%
• YTD: 20.98%
• 1Y: 32.99%
• 3Y*: 18.55%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.32%

TCHP

• 1D: 1.50%
• 1M: -0.93%
• 6M: -0.12%
• YTD: -2.07%
• 1Y: 6.36%
• 3Y*: 19.34%
• 5Y*: 8.43%
• 10Y*: —
• ALL TIME*: 11.71%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
TCHP T. Rowe Price Blue Chip Growth ETF	$9.03M	$11.03M	$11.97M
TVAL T. Rowe Price Value ETF	$3.26M	$3.20M	$5.80M

TVAL vs. TCHP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TVAL T. Rowe Price Value ETF	20.98%	15.59%	14.54%	8.45%
TCHP T. Rowe Price Blue Chip Growth ETF	-2.07%	18.40%	36.06%	13.29%

Correlation

The correlation between TVAL and TCHP is 0.49, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.49
Correlation (3Y) Balances recent behavior with more history.	0.52
Correlation (All Time) Calculated using the full available price history since Jun 15, 2023	0.51

The correlation between TVAL and TCHP has been stable across timeframes, ranging from 0.49 to 0.52 - a consistent structural relationship.

TVAL vs. TCHP - Sectors Allocation Comparison

Sectors	TVAL	TCHP
Financial Services	20.0%	6.9%
Technology	19.0%	51.6%
Healthcare	12.2%	5.9%
Industrials	11.5%	5.3%
Consumer Cyclical	9.6%	11.8%
Energy	7.1%	-
Consumer Defensive	6.4%	0.0%
Utilities	4.8%	0.4%
Communication Services	3.6%	17.8%
Basic Materials	3.5%	0.4%
Real Estate	2.5%	-

Return for Risk

TVAL vs. TCHP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TVAL

TVAL Risk / Return Rank: 95
TVAL Sharpe Ratio Rank: 96
TVAL Sortino Ratio Rank: 95
TVAL Omega Ratio Rank: 94
TVAL Calmar Ratio Rank: 93
TVAL Martin Ratio Rank: 94

TCHP

TCHP Risk / Return Rank: 15
TCHP Sharpe Ratio Rank: 16
TCHP Sortino Ratio Rank: 15
TCHP Omega Ratio Rank: 15
TCHP Calmar Ratio Rank: 15
TCHP Martin Ratio Rank: 16

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TVAL vs. TCHP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Value ETF (TVAL) and T. Rowe Price Blue Chip Growth ETF (TCHP). 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.

	TVAL	TCHP	Difference
Sharpe ratio: Return per unit of total volatility	2.91	0.22	+2.69
Sortino ratio: Return per unit of downside risk	4.04	0.43	+3.61
Omega ratio: Gain probability vs. loss probability	1.52	1.05	+0.47
Calmar ratio: Return relative to maximum drawdown	4.44	0.23	+4.21
Martin ratio: Return relative to average drawdown	19.04	0.68	+18.36

TVAL vs. TCHP - Sharpe Ratio Comparison

The current TVAL Sharpe Ratio is 2.91, which is higher than the TCHP Sharpe Ratio of 0.22. The chart below compares the historical Sharpe Ratios of TVAL and TCHP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TVAL vs. TCHP - Drawdown Comparison

The maximum TVAL drawdown since its inception was -14.84%, smaller than the maximum TCHP drawdown of -42.34%. Use the drawdown chart below to compare losses from any high point for TVAL and TCHP.

Drawdown Indicators

	TVAL	TCHP	Difference
Max Drawdown Largest peak-to-trough decline	-14.84%	-42.34%	+27.50%
Max Drawdown (1Y) Largest decline over 1 year	-7.15%	-17.50%	+10.35%
Max Drawdown (3Y) Largest decline over 3 years	-14.84%	-22.92%	+8.08%
Max Drawdown (5Y) Largest decline over 5 years	—	-42.34%	—
Current Drawdown Current decline from peak	-0.12%	-7.90%	+7.78%
Average Drawdown Average peak-to-trough decline	-1.98%	-11.33%	+9.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.67%	5.90%	-4.23%

Volatility

TVAL vs. TCHP - Volatility Comparison

The current volatility for T. Rowe Price Value ETF (TVAL) is 2.57%, while T. Rowe Price Blue Chip Growth ETF (TCHP) has a volatility of 6.44%. This indicates that TVAL experiences smaller price fluctuations and is considered to be less risky than TCHP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TVAL	TCHP	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.57%	6.44%	-3.87%
Volatility (6M) Calculated over the trailing 6-month period	8.35%	14.52%	-6.17%
Volatility (1Y) Calculated over the trailing 1-year period	10.98%	18.20%	-7.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.49%	23.70%	-11.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.49%	23.18%	-10.69%

TVAL vs. TCHP - Expense Ratio Comparison

TVAL has a 0.33% expense ratio, which is lower than TCHP's 0.57% expense ratio.

Dividends

TVAL vs. TCHP - Dividend Comparison

TVAL's dividend yield for the trailing twelve months is around 0.95%, while TCHP has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
TCHP T. Rowe Price Blue Chip Growth ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%
TVAL T. Rowe Price Value ETF	0.95%	1.15%	1.16%	0.64%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TVAL and TCHP in my portfolio?

TVAL and TCHP have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TVAL or TCHP?

TCHP has higher volatility (6.44%) compared to TVAL (2.57%). In terms of maximum drawdown, TVAL dropped -14.84% vs TCHP's -42.34%.

Which ETF is better, TVAL or TCHP?

On 3-year performance, TCHP leads with 19.34% vs 18.55% for TVAL. On fees, TVAL is cheaper at 0.33% per year. On volatility, TVAL has been the lower-risk option at 2.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TVAL or TCHP?

Over the 3-year period, TCHP has performed better with a 19.34% return vs 18.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TVAL or TCHP?

TVAL is cheaper with a 0.33% expense ratio, compared with 0.57% for TCHP.

Which ETF pays a higher dividend yield, TVAL or TCHP?

TVAL has the higher dividend yield at 0.95%, compared with 0.00% for TCHP.

What is the main difference between TVAL and TCHP?

TVAL is categorized as Large Cap Value Equities, while TCHP is Large Cap Growth Equities. Their fees differ too: 0.33% for TVAL and 0.57% for TCHP.

Which has better risk-adjusted returns?

TVAL currently has the higher Sharpe Ratio (2.91 vs 0.22), 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.