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Launched · SEC filings

T. Rowe Price Growth Stock ETF

TGRWNYSE ArcaB

$48.94−0.05 (−0.10%)

As of Oct 13, 2026, 3:59 PM

B55/ 100

Rank 33 of 90 in US Active Growth

B55/100Rank 33 of 90inUS Active Growth
Intraday session: down, 79 prints from 48.99 to 48.94. Range 48.66 to 48.96. Use the arrow keys to read each point.48.7048.8048.9010 AM12 PM2 PM4 PM
Expense ratio
0.52%
Fund size
$1.2B
1Y total return
+9.6%
Yield · Last 12 months
0.00%
Holdings
74
Avg volume · 30D
0.1M sh
NAV per share
$49.27
52W range
low $38.83high $49.84
Launched
Filings
SEC EDGAR

The ETF.net TGRW Grade

Based on 5 of 6 pillars

B

Score 55 out of 100

Category
US Active Growth⁠
Rank
33 of 90
Six-pillar profile for TGRW. Scores out of 100: Cost 58, Risk 38, Mission not scored, Tradability 70, Holdings 40, Durability 86. Strongest: Durability (86). Weakest: Risk (38). Based on 5 of 6 pillars.

Score 55 of 100 falls in the B 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.
    B58 out of 100
    Rank 38 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.
    D38 out of 100
    Rank 63 of 82

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A70 out of 100
    Rank 17 of 90

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C40 out of 100
    Rank 71 of 89

  • 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

BT. 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

  1. 01Semi-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
  2. 02A concentrated lineup of roughly 70 stocks picked for earnings and cash flow growth, not an index tracker with a fee stapled on.investors.troweprice.com
  3. 03At 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.
  4. 04Live since 2020, run by a firm whose reputation was built on hands-on growth stock research rather than index licensing.investors.troweprice.com

Worth knowing

  1. 01Thinly 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
  2. 02Cheaper 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.
  3. 03Growth comes first here. Income is only a secondary objective, and the fund's distribution schedule is annual.

TGRW Holdings

As of Oct 13, 2026
Asset class
Stocks
Holdings
74
Top-10 weight
61%
Largest holding
NVDA16.4%

Sectors

  • Technology54.0%
  • Communication17.3%
  • Consumer Discretionary8.2%
  • Industrials7.4%
  • Health Care6.1%
  • Financials5.7%
  • Real Estate0.7%
  • Materials0.6%
  • Consumer Staples0.1%

Geography

  • United States93.97%
  • Netherlands1.20%
  • Taiwan1.17%
  • Canada0.72%
  • Sweden0.64%
  • South Korea0.52%
  • United Kingdom0.40%
  • Switzerland0.32%
  • Other countries (4)1.05%
The fund’s holdings, weight-ordered — page 1 of 5.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001NVDANVIDIA16.38%729,476$161M847
002GOOGLAlphabet Class A11.22%325,242$110M709
003AAPLApple6.44%199,840$63M715
004MSFTMicrosoft5.90%114,388$58M815
005AVGOBroadcom5.81%154,239$57M754
006LLYEli Lilly3.41%28,994$34M583
007AMDAdvanced Micro Devices3.40%71,089$33M635
008METAMeta Platforms3.38%58,051$33M704
009MUMicron Technology3.03%31,048$30M679
010VVisa2.45%63,448$24M558
011TSLATesla2.38%63,725$23M521
012MAMasterCard2.00%33,406$20M526
013GEGe1.81%52,998$18M405
014AMZNAmazon.com1.61%60,796$16M736
015LRCXLam Research1.56%50,925$15M606

Showing 1–15 of 74 holdings

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$10,964
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. TGRW $10,964. SPY $12,044. Use the arrow keys to read each point.$8,522$10,421$12,321Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 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+6.4%
1 month+3.9%
3 months+2.5%
1 year+9.6%
3 yearsper year+20.6%
5 yearsper year+8.7%
10 yearsFund is under 10 years oldper year—

As of the close, 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+6.4%
2025+15.6%
2024+29.9%
2023+48.9%
2022−38.4%
2021+15.0%
2020+15.8%

History from Aug 5, 2020

TGRW in the news

Filtered to TGRW · US Active Growth

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 12, 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

TGRW Risk

How much the fund’s monthly returns vary, scaled to a year.
16.8%
Annualised · 36 months to Sep 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.
0.98
vs 3-month T-bills · to Sep 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.

TGRW Cost

Expense ratio0.52%
  • The middle half of US Active Growth funds
  • Median 0.56%

38 of the 90 US Active Growth funds charge less.

TGRW costs $52.00 a year on $10,000. The median US Active Growth fund costs $56.50.

Other funds in US Active Growth

See others