GUSE vs TCHP: Grades, Fees and Holdings Compared

Goldman Sachs Enhanced U.S. Equity ETF

GUSEANasdaq

T. Rowe Price Blue Chip Growth ETF

TCHPCNYSE Arca

Overlap

46.1%by weight

Expense ratio

GUSE −0.27pt a year

GUSE0.30%TCHP0.57%

Avg volume · 30D

TCHP 5.6×the volume

GUSE32.3KTCHP181K

GUSE vs TCHP Performance

Dec 31, 2025 – Nov 9, 2026

+11.4%GUSE−4.1%TCHP

Expense ratio: GUSE 0.30%, better; TCHP 0.57%
Fund size: GUSE $417M; TCHP $1.99B
1Y total return: GUSE No data; TCHP −2.1%
Yield (12M): GUSE No data; TCHP 0.00%
Holdings: GUSE 122; TCHP 64
Avg volume (30D): GUSE 32.3K sh; TCHP 181K sh, better
NAV per share: GUSE $43.96; TCHP $46.56
52W range

ETF.net Grade

Pillar letters and Scores for GUSE, TCHP, with each pillar’s weight
Pillar	GUSE	TCHP
Cost30% weight	A97Higher	C47
Mission25% weight	Not scored	Not scored
Risk15% weight	A95Higher	C51
Tradability15% weight	C46	A71Higher
Holdings10% weight	A85Higher	C45
Durability5% weight	A85	A87Higher

Rank among US Active Growth funds

How we build Categories ›

Same Category. GUSE and TCHP are both graded against the same 90 US Active Growth funds, so their Grades compare head to head.

US Active Growth⁠

Category · 90 funds

See all 90 ›

GUSE ranks 2nd and TCHP 38th of 90 funds in the US Active Growth Category.

Rank 1AJUSAJPMorgan U.S. Research Enhanced Large Cap ETFScore 86
Rank 2AGUSEGoldman Sachs Enhanced U.S. Equity ETFScore 84
Rank 3ALRGCAB US Large Cap Strategic Equities ETFScore 83
Rank 38CACGOHartford Alpha Capture Growth ETFScore 54
Rank 38CTCHPT. Rowe Price Blue Chip Growth ETFScore 54
Rank 40CRILAIndexperts Gorilla Aggressive Growth ETFScore 53

Our read on each fund

ETF.net Research

GUSEAGoldman Sachs Enhanced U.S. Equity ETF

TCHPCT. Rowe Price Blue Chip Growth ETF

In short

GUSE Goldman's fundamental stock pickers hunting long-term growth in US companies, for 0.30% a year. The strategy dates to 2008 and charges well under the typical active US growth fund.

TCHP The ETF wrapper on T. Rowe Price's Blue Chip Growth strategy, run in mutual fund form since 1993. It's also a rarity in today's market: an active fund that doesn't show its cards daily, publishing a proxy portfolio instead of a full holdings list.

Stated mandate

GUSE The Fund seeks long-term growth of capital by investing in companies that the Investment Adviser believes are positioned for long-term growth.

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

Why people hold it

GUSE Charges 0.30% a year, against a 0.54% median for its active US growth cohort. Cheap, for stock picking.
Actively run with no index to shadow. Managers hold companies they judge positioned for long-term growth, so the portfolio can look different from a large-cap benchmark.
Inception dates to 2008, so the strategy has run through multiple market cycles, not one long rally.
One of the stronger implementations in a crowded field of active US growth funds.

TCHP Concentrated by design: roughly 80 large-cap growth names chosen by T. Rowe's research bench rather than an index rulebook.
The strategy behind it is not a startup idea. T. Rowe has run Blue Chip Growth in mutual fund form since 1993, and this 2020 ETF version already holds billions.troweprice.com
Easy to deal in for an active fund: one of the smoother-trading names in its growth peer group, backed by a large, established issuer.

Worth knowing

GUSE Trades thinly next to the category's heavyweights. Spreads can be wider, which bites most on large or hurried orders.
Two peers in the same top tier undercut it on fee: JUSA at 0.12% and FELG at 0.18%. Price is not where this one stands out.
Distributions land once or twice a year, not monthly. Growth of capital is the stated goal, not an income stream.

TCHP No daily holdings list. The fund posts a proxy portfolio instead, and the prospectus notes market makers may be more likely to step away during market stress.troweprice.com
0.57% a year is active-manager pricing. Enhanced-index rivals in the same cohort, like JUSA and FELG, deliver large-cap growth exposure for a fraction of that.
Concentration cuts both ways: roughly 80 growth stocks behave differently from a broad market index, and the prospectus puts income second to capital growth.

Full GUSE profile⁠

Full TCHP profile⁠

GUSE vs TCHP Holdings

How GUSE and TCHP differ

Overlap by weight

46.1%

Shared holdings make up 79.1% of TCHP and 50.2% of GUSE.

Level by level

Holdings32 in both46.1%
Sector11 Sectors70.0%
Countryby domicile95.0%
Asset classStocks100%

Sector

Sector weights in GUSE and TCHP, widest gap first
Sector	Gap	GUSE	TCHP
Technology	TCHP +20.7 points	32.6%	53.3%
Communication	TCHP +9.3 points	8.5%	17.8%
Financials	GUSE +7.0 points	13.8%	6.8%
Consumer Staples	GUSE +5.7 points	5.7%	0.0%
Energy	GUSE +4.0 points	4.0%	0.0%
Health Care	GUSE +3.8 points	9.6%	5.8%
Industrials	GUSE +3.6 points	8.3%	4.7%
Materials	GUSE +2.2 points	2.5%	0.3%
Utilities	GUSE +2.0 points	2.4%	0.4%
Real Estate	GUSE +1.7 points	1.7%	0.0%
Consumer Discretionary	TCHP +0.1 points	10.9%	11.0%

Country, concentration and asset class

Country by domicile

Country weights in GUSE and TCHP, widest gap first
Country	Gap	GUSE	TCHP
United States	GUSE +4.4 points	98.9%	94.5%
Netherlands	TCHP +1.4 points	0.0%	1.4%
South Korea	TCHP +1.0 points	0.0%	1.0%
Switzerland	TCHP +0.9 points	0.0%	0.9%
Canada	TCHP +0.9 points	0.0%	0.9%
United Kingdom	GUSE +0.5 points	0.5%	0.0%
Other countries (3)	TCHP +0.8 points	0.6%	1.4%

Concentration

Weight in the 10 largest Holdings

GUSE35.1%
TCHP60.0%

Securities held

GUSE121
TCHP64

Asset class

GUSE: Stocks
TCHP: Stocks

Holdings

Only in GUSE89
In both32
Only in TCHP32

Only in GUSE

89 securities, 47.9% of GUSE by weight

Coca-Cola Company (The)1.95%
Berkshire Hathaway Inc.1.77%
JPMorgan Chase & Co1.69%
Conocophillips1.34%
Linde PLC1.26%
Walmart Inc1.16%
Exxonmobil Holdings Corporation1.14%
Agilent Technologies, Inc.1.03%
Johnson & Johnson0.98%
Merck & Co., Inc.0.85%
Vertex Pharmaceuticals Incorporated0.84%
Intercontinental Exchange Inc0.83%
The Procter & Gamble Company0.82%
Bank of America Corp0.81%
Ameren Corporation0.78%
Phillips 660.74%
Netapp, Inc.0.69%
Starbucks Corp.0.68%
Costco Wholesale Corporation0.67%
Cencora Inc0.66%
Atmos Energy Corporation0.64%
Palo Alto Networks Inc.0.62%
The Home Depot, Inc.0.62%
Csx Corporation0.61%
Allstate Corporation0.59%
Motorola Solutions Inc0.59%
Intl Business Machines Corp0.58%
S&P Global Inc.0.56%
Cadence Design Systems Inc0.56%
Global Payments Inc.0.55%
American Intl Group, Inc.0.55%
Hilton Worldwide Holdings Inc.0.54%
Rtx Corp0.53%
Coca-Cola European Partners PLC0.53%
Edwards Lifesciences Corporation0.52%
Kla Corp0.51%
Intuit Inc0.50%
Xcel Energy Inc.0.50%
Prologis Inc0.49%
Repligen Corp0.49%
Wintrust Financial Corporation0.49%
American Homes 4 Rent Llc0.49%
Quest Diagnostics Incorporated0.47%
Intel Corporation0.47%
Arista Networks, Inc.0.46%
Citigroup Inc.0.44%
Blackstone Group Inc/The0.44%
Msci Inc.0.44%
Cheniere Energy, Inc.0.43%
Itt Inc.0.41%

Only in TCHP

32 securities, 20.9% of TCHP by weight

Carvana3.00%
Lam Research1.85%
ASML Holding1.43%
Netflix1.39%
SK hynix0.97%
Intuitive Surgical0.91%
Chubb0.89%
Shopify0.86%
Crowdstrike Holdings0.83%
Booking Holdings0.82%
Texas Instruments0.78%
Oracle0.71%
Monolithic Power Systems0.69%
ServiceNow0.67%
Thermo Fisher Scientific0.62%
Ross Stores0.55%
Danaher0.49%
Sea0.39%
Marsh & McLennan0.36%
DoorDash0.34%
Goldman Sachs0.32%
Howmet Aerospace0.32%
Linde0.32%
Roper Technologies0.27%
Synopsys0.22%
Transdigm Group0.22%
Heico0.22%
Stryker0.18%
Moody's0.12%
Medline0.08%
Cerebras Systems0.05%
TE Connectivity0.02%

Weight gaps

All 32 Holdings in both funds, largest gap first.

Holding weights in GUSE and TCHP, widest gap first
Holding	Gap	GUSE	TCHP
NVIDIA CorporationNVDA	TCHP +10.79 points	6.90%	17.69%
Alphabet Inc.GOOG	TCHP +4.08 points	1.87%	5.95%
Broadcom Inc.AVGO	TCHP +3.28 points	2.13%	5.41%
Alphabet Inc.GOOGL	TCHP +2.60 points	2.90%	5.50%
Advanced Micro Devices Inc.AMD	TCHP +2.50 points	1.24%	3.74%
Meta Platforms Inc-Class AMETA	TCHP +2.22 points	2.19%	4.41%
Visa Inc.V	TCHP +1.28 points	1.23%	2.51%
Amazon.com IncAMZN	GUSE +1.15 points	4.53%	3.38%
Applied Materials IncAMAT	TCHP +1.11 points	0.61%	1.72%
Eli Lilly & CoLLY	TCHP +0.94 points	2.07%	3.01%
General Electric CompanyGE	TCHP +0.81 points	0.79%	1.60%
Tjx Companies Inc (New)TJX	GUSE +0.66 points	1.03%	0.37%
Microsoft CorporationMSFT	TCHP +0.65 points	5.22%	5.87%
Marvell Technology, Inc.MRVL	TCHP +0.63 points	0.26%	0.89%
Cintas CorporationCTAS	GUSE +0.58 points	0.80%	0.22%
Tesla Inc.TSLA	TCHP +0.51 points	1.64%	2.15%
Taiwan Semiconductor Mfg Ads-AdrTSM	TCHP +0.45 points	0.54%	0.98%
Palantir Technologies Inc.PLTR	GUSE +0.43 points	0.75%	0.32%
Ge Vernova LlcGEV	TCHP +0.40 points	0.48%	0.88%
UnitedHealth Group IncorporatedUNH	GUSE +0.40 points	0.90%	0.50%
Old Dominion Freight Line, Inc.ODFL	GUSE +0.33 points	0.54%	0.21%
Mastercard IncorporatedMA	TCHP +0.30 points	1.54%	1.84%
Apple Inc.AAPL	GUSE +0.21 points	5.27%	5.06%
Space Exploration Technologies Corp.SPCX	TCHP +0.20 points	0.16%	0.36%
T-Mobile Us, Inc.TMUS	GUSE +0.17 points	0.69%	0.52%
Micron Technology, Inc.MU	TCHP +0.13 points	1.33%	1.46%
Datadog, Inc.DDOG	TCHP +0.11 points	0.20%	0.31%
Charles Schwab CorporationSCHW	GUSE +0.07 points	0.36%	0.29%
Constellation Energy CorpCEG	GUSE +0.05 points	0.42%	0.37%
Morgan StanleyMS	GUSE +0.04 points	0.50%	0.46%
Amphenol Corp Cl-A (New)APH	GUSE +0.02 points	0.48%	0.46%
Caterpillar Inc (Delaware)CAT	Same weight	0.62%	0.62%

All 121 GUSE holdings⁠All 76 TCHP holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

GUSE vs TCHP Cost

Overpaying TCHP vs GUSE

$5,122

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

GUSE 0.30%
$6,149
TCHP 0.57%
$11,271

Amount$10,000

Years30 years

Cost over time

GUSE 0.30%
TCHP 0.57%
Overpaying

Year by year

Year	GUSE	TCHP	Overpaying
10	$545	$1,023	$478
20	$2,113	$3,921	$1,808
30	$6,149	$11,271	$5,122

Expense ratio

0.30%GUSE, cheaper
0.57%TCHP

GUSE0.30%TCHP0.57%

0.18%2.83%

Middle half of US Active Growth funds
Median 0.55%

GUSE 3rd cheapest of 90 funds

TCHP 50th cheapest of 90 funds

GUSE vs TCHP Dividends

Last 12 months to Nov 9, 2026

Yield (12M): GUSE No data; TCHP 0.00%
Payout (12M): GUSE No data; TCHP None
Last payment: GUSE $0.30; TCHP No data
Ex-dividend: GUSE Dec 23, 2025; TCHP No data
Paid on: GUSE Dec 30, 2025; TCHP No data
Frequency: GUSE Irregular; TCHP No data

Distribution history

Per share, 2021 to 2026, same scale for both

GUSEIrregular · 1 paymentAll GUSE payments⁠

TCHP1 paymentAll TCHP payments⁠

GUSE vs TCHP Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: GUSE No dataTCHP 17.2%
Return per unit of riskSharpe ratio, 3 years: GUSE No dataTCHP 0.96
Worst fallMax drawdown, 5 years: GUSE No dataTCHP −42.3%
Market sensitivityBeta, 5 years: GUSE 0.94TCHP 1.21; Market = 1

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