T. Rowe Price U.S. Equity Research ETF
$49.22−0.04 (−0.08%)
- 0.34%
- $4.7B
- +20.6%
- 0.54%
- 0.5M sh
- $49.30
- low $34.17high $49.54
The ETF.net TSPA Grade
A
Score 75 out of 100
- 10 of 127
Score 75 of 100 falls in the A 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.A81 out of 100Rank 24 of 127Mission
Whether the fund did what it promised, tested against its stated mandate.A81 out of 100Rank 11 of 48Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B57 out of 100Rank 48 of 126Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A77 out of 100Rank 21 of 127Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A77 out of 100Rank 23 of 124Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A86 out of 100Rank 11 of 127
Our read on TSPA
AActive stock picking at near-index prices. T. Rowe Price runs roughly 300 U.S. stocks against the S&P 500 for 0.34%, about half the typical fee in its active U.S. equity peer group, and it has traded as an ETF since 2021.
The fund seeks long-term capital growth through an actively managed portfolio that is generally fully invested and primarily holds U.S. equity securities.
Why people hold it
- 0.34% a year, versus a 0.65% median across active U.S. equity ETFs. Active management without the active price tag.
- A multi-billion-dollar fund that trades actively, and one of the easiest funds in its category to move in and out of.
- About 300 holdings, generally fully invested in U.S. stocks and measured against the S&P 500. Broad shape, active picks inside it.
- Ranks among the strongest overall implementations in a peer group of more than 200 active U.S. equity ETFs.
Worth knowing
- Systematic peers undercut it on fee: DFAU at 0.12%, AVLC at 0.15%, FELC at 0.18%. You are paying up for human stock selection.
- Fully invested U.S. equity means full market risk. There is no cash buffer or hedge, and results ride on picks against the S&P 500.
- Distributions come annually or semiannually, so it is built around long-term capital growth rather than a regular income stream.
TSPA Holdings
- Stocks
- 326
- 38%
- NVDA
Sectors
- Technology39.0%
- Financials12.5%
- Communication9.7%
- Health Care9.3%
- Consumer Discretionary9.1%
- Industrials7.5%
- Consumer Staples4.3%
- Energy3.5%
- Utilities1.9%
- Materials1.7%
- Real Estate1.5%
Geography
- United States96.77%
- Ireland1.19%
- United Kingdom0.76%
- Canada0.61%
- Switzerland0.34%
- Bermuda0.14%
- Germany0.07%
- Sweden0.06%
- 0.05%
TSPA Performance
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.
TSPA$12,057
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 | TSPA |
|---|---|
| Year to date | +15.1% |
| 1 month | +2.2% |
| 3 months | +3.2% |
| 1 year | +20.6% |
| 3 years | +23.2% |
| 5 years | +14.5% |
| 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 | TSPA |
|---|---|---|
| 2026 YTD | +15.1% | |
| 2025 | +16.4% | |
| 2024 | +26.4% | |
| 2023 | +29.9% | |
| 2022 | −18.7% | |
| 2021 | +13.7% |
TSPA in the news
TSPA Dividends
- 0.54%
- $0.27
- $0.27 per share
- Annual
Distribution history
TSPA Risk
- 12.7%
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.
- 1.36
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.
- −24.7%
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.
- 1.00
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
TSPA Cost
0.34%
TSPA0.34%
- The middle half of US Active Equity funds
- Median 0.70%
23 of the 123 US Active Equity funds charge less.
Other funds in US Active Equity
- ANOEQNorthern Trust US Equity ETFExpense ratio 0.12%1 year return —
- ATCAFT. Rowe Capital Appreciation Equity ETFExpense ratio 0.31%1 year return +16.5%
- AAVIEAvantis Inflation Focused Equity ETFExpense ratio 0.25%1 year return +30.7%
- ACGUSCapital Group Core Equity ETFExpense ratio 0.33%1 year return +17.9%
- AFEACFidelity Covington Trust - Fidelity Enhanced U.S. All-Cap Equity ETFExpense ratio 0.18%1 year return +21.9%