T. Rowe Price Hedged Equity ETF
$30.59−0.02 (−0.05%)
- 0.73%
- $38M
- +12.4%
- 0M sh
- $30.65
- low $26.77high $31.59
The ETF.net THEQ Grade
C
Score 45 out of 100
- 70 of 127
Score 45 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.C44 out of 100Rank 71 of 127Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A72 out of 100Rank 14 of 126Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D38 out of 100Rank 90 of 127Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D26 out of 100Rank 119 of 124Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D39 out of 100Rank 96 of 127
Our read on THEQ
CMost hedged equity funds hand you a fixed buffer and a cap that resets on a calendar. THEQ skips that rulebook: an analyst-picked US stock portfolio with a discretionary derivatives overlay aimed at softening drawdowns.
The fund seeks long-term capital growth. It combines an actively managed equity portfolio with futures, forwards, swaps, and index options intended to reduce volatility and mitigate losses during equity-market drawdowns.
Why people hold it
- The hedge runs on judgment, not a calendar. Futures, forwards, swaps and index options are dialed up or down to damp volatility and cushion equity drawdowns, with no outcome-period resets.troweprice.com
- The stock sleeve isn't an index clone. Most of it sits in T. Rowe's analyst-driven US Equity Research ETF (TSPA), which targets S&P 500-like characteristics through bottom-up picks.troweprice.com
- One all-inclusive fee at the fund level covers investment management plus ordinary recurring operating expenses, so wrapper costs stay in a single number.troweprice.com
Worth knowing
- At 0.73%, it runs above the 0.65% median for active US equity ETFs and well above cheap active core peers like FELC (0.18%) and DFAU (0.12%).
- Young and thinly traded since its March 2025 debut, with a small asset base. Spreads can run wider than at long-established rivals.
- The overlay is a trade-off: hedges cost money in calm markets, there's no defined floor or promised protection level, and distributions arrive once or twice a year.troweprice.com
THEQ Holdings
- Stocks
- 118
- 99%
- TSPA
Sectors
- Technology38.1%
- Financials12.6%
- Health Care10.1%
- Communication9.3%
- Consumer Discretionary8.7%
- Industrials7.3%
- Consumer Staples4.8%
- Energy3.6%
- Utilities2.5%
- Real Estate1.6%
- Materials1.6%
Geography
- United States99.08%
- Switzerland0.27%
- Israel0.22%
- Ireland0.20%
- Canada0.15%
- United Kingdom0.08%
THEQ Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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THEQ$11,239
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.
| Period | THEQ |
|---|---|
| Year to date | +9.4% |
| 1 month | +1.6% |
| 3 months | +2.0% |
| 1 year | +12.4% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | THEQ |
|---|---|---|
| 2026 YTD | +9.4% | |
| 2025 | +12.8% |
THEQ in the news
THEQ Dividends
- $0.22 per share
- Irregular
Distribution data unavailable.
Distribution history
THEQ Risk
- 8.1%
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.
- 1.22
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.
- −8.1%
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.
- 0.67
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
THEQ Cost
0.73%
THEQ0.73%
- The middle half of US Active Equity funds
- Median 0.70%
68 of the 123 US Active Equity funds charge less.
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