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Launched · SEC filings

T. Rowe Price Growth Stock ETF

TGRWNYSE ArcaT. Rowe PriceC

$44.54−0.56 (−1.24%)

As of Nov 2, 2026, 3:59 PM ET

C53/ 100

Rank 38 of 90 in US Active Growth

C53/100Rank 38 of 90inUS Active Growth
Intraday session: down, 78 prints from 45.10 to 44.54. Range 44.54 to 45.68. Use the arrow keys to read each point.44.7545.2545.5010 AM12 PM2 PM4 PM
Expense ratio
0.52%
Fund size
$1.1B
1Y total return
−4.6%
Yield · Last 12 months
0.00%
Holdings
70
Avg volume · 30D
51.3K sh
52W range
low $38.83high $49.84
Launched
Filings
SEC EDGAR

The ETF.net TGRW Grade

Based on 5 of 6 pillars

C

Score 53 out of 100

Category
US Active Growth⁠
Rank
38 of 90
Six-pillar profile for TGRW. Scores out of 100: Cost 55, Risk 39, Mission not scored, Tradability 66, Holdings 37, Durability 86. Strongest: Durability (86). Weakest: Holdings (37). Based on 5 of 6 pillars.

Score 53 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B55 out of 100
    Rank 41 of 90

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D39 out of 100
    Rank 62 of 85

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B66 out of 100
    Rank 20 of 90

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D37 out of 100
    Rank 75 of 90

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A86 out of 100
    Rank 7 of 90

Our read on TGRW

ETF.net Research

In short

CT. Rowe Price's first swing at active ETFs, and it doesn't show its cards. TGRW runs a concentrated growth portfolio while publishing a proxy basket instead of a daily holdings list.

Stated mandate

The fund seeks long-term capital growth, with income as a secondary objective.

Why people hold it

  • Semi-transparent by design: instead of daily holdings, it publishes a proxy portfolio built to track the real book closely, keeping the manager's picks out of public view.troweprice.com
  • A concentrated lineup of roughly 70 stocks picked for earnings and cash flow growth, not an index tracker with a fee stapled on.troweprice.com
  • At 0.52%, it comes in under the typical fund in its conviction-growth peer group, and it sits in the upper half of that group overall.
  • Live since 2020, run by a firm whose reputation was built on hands-on growth stock research rather than index licensing.troweprice.com

Worth knowing

  • Thinly traded next to index heavyweights. T. Rowe itself notes that traders given less holdings information tend to charge more, so the buy/sell gap can widen.troweprice.com
  • Cheaper large-cap growth rivals exist: FELG charges 0.18% and JUSA 0.12%, though both lean on enhanced-index machinery rather than a concentrated stock-picker's book.
  • Growth comes first here. Income is only a secondary objective, and the fund's distribution schedule is annual.

TGRW Performance

Launched Aug 4, 2020

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.
TGRW$9,543
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. TGRW $9,543. SPY $11,199. Use the arrow keys to read each point.$8,000$9,000$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for TGRW. Periods over one year show the average yearly return.
PeriodTGRW
Year to date−2.0%
1 month−6.9%
3 months−1.6%
1 year−4.6%
3 yearsper year+18.9%
5 yearsper year+5.6%
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for TGRW
YearReturn barTGRW
2026 YTD−2.0%
2025+15.6%
2024+29.9%
2023+48.9%

TGRW in the news

TGRW Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
0.00%Last 12 months
Payout per share
NoneLast 12 months

No distributions in the last 12 months.

Distribution history

Payments through 2023

One bar per payment. 3 payments from 2020 to 2023. Dec 18, 2020 $0.06; Dec 20, 2021 $0.13; Dec 20, 2023 $0.0034. Use the arrow keys to read each point.2020202120222023
Ex-datePay dateAmount per share
Dec 20, 2023Dec 26, 2023$0.0034
Dec 20, 2021Dec 23, 2021$0.13
Dec 18, 2020Dec 23, 2020$0.06

$10,000 in TGRW 5 years ago paid $38.81 in dividends.

TGRW Risk

Risk pillarD39 out of 100Rank 62 of 85 in US Active Growth
How much the fund’s monthly returns vary, scaled to a year.
17.5%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.83
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−43.3%
Trough Nov 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.22
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

TGRW Cost

Compare TGRW and FELG

Overpaying vs FELG, tied cheapest in US Active Growth

$6,602

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • TGRW 0.52%

    $10,351

  • FELG 0.18% Tied cheapest

    $3,749

$10,000
30 years

Cost over time

  • TGRW 0.52%
  • FELG 0.18%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530TGRW $10,351FELG $3,749

Year by year

YearTGRWFELGOverpaying
10$935$328$607
20$3,593$1,281$2,312
30$10,351$3,749$6,602

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