TVAL vs. TEQI
Compare and contrast key facts about T. Rowe Price Value ETF (TVAL) and T. Rowe Price Equity Income ETF (TEQI).
TVAL and TEQI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TVAL is an actively managed fund by T. Rowe Price. It was launched on Jun 14, 2023. TEQI is an actively managed fund by T. Rowe Price Group, Inc.. It was launched on Aug 4, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TVAL or TEQI.
Key characteristics
| TVAL | TEQI | |
|---|---|---|
| YTD Return | 20.28% | 18.32% |
| 1Y Return | 29.51% | 28.43% |
| Sharpe Ratio | 3.11 | 2.93 |
| Sortino Ratio | 4.37 | 4.15 |
| Omega Ratio | 1.57 | 1.53 |
| Calmar Ratio | 5.58 | 4.66 |
| Martin Ratio | 21.10 | 20.52 |
| Ulcer Index | 1.51% | 1.51% |
| Daily Std Dev | 10.23% | 10.59% |
| Max Drawdown | -9.81% | -17.82% |
| Current Drawdown | -0.85% | -0.71% |
Correlation
The correlation between TVAL and TEQI is 0.97, 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
TVAL vs. TEQI - Performance Comparison
In the year-to-date period, TVAL achieves a 20.28% return, which is significantly higher than TEQI's 18.32% 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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TVAL vs. TEQI - Expense Ratio Comparison
TVAL has a 0.33% expense ratio, which is lower than TEQI's 0.54% expense ratio.
Risk-Adjusted Performance
TVAL vs. TEQI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Value ETF (TVAL) and T. Rowe Price Equity Income ETF (TEQI). 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
TVAL vs. TEQI - Dividend Comparison
TVAL's dividend yield for the trailing twelve months is around 0.53%, less than TEQI's 1.83% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
TVAL T. Rowe Price Value ETF | 0.53% | 0.64% | 0.00% | 0.00% | 0.00% |
TEQI T. Rowe Price Equity Income ETF | 1.83% | 2.12% | 2.32% | 3.03% | 0.82% |
Drawdowns
TVAL vs. TEQI - Drawdown Comparison
The maximum TVAL drawdown since its inception was -9.81%, smaller than the maximum TEQI drawdown of -17.82%. Use the drawdown chart below to compare losses from any high point for TVAL and TEQI. For additional features, visit the drawdowns tool.
Volatility
TVAL vs. TEQI - Volatility Comparison
T. Rowe Price Value ETF (TVAL) has a higher volatility of 3.54% compared to T. Rowe Price Equity Income ETF (TEQI) at 3.35%. This indicates that TVAL's price experiences larger fluctuations and is considered to be riskier than TEQI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.