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TSPAT. Rowe Price US Equity Research ETF

Grow my money5y track recordRanked #397 of 2,999 in this goal

Seeks long-term capital growth.

By T. Rowe Price · Launched 2021

Annual Cost

0.34%

#1,522 of 5,861 · low cost

Fund Size

$4.1B

#496 of 5,861 · large

Return (1Y)Goal

+18.7%

Track Record

5 years

#2,336 of 5,861 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$11,917+19.2%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Equity

Cap

Large

Strategy

Active selection

Index tracked

S&P 500 Index

What it actually holds

By weight

Concentration

Top 10 holdings = 37.3% of fundwell diversified

NVIDIA CORP
7.7%
APPLE INC
7.0%
MICROSOFT CORP
5.0%
AMAZON.COM INC
3.8%
ALPHABET INC CL C
3.2%
BROADCOM INC
2.8%
META PLATFORMS INC-CLASS A
2.4%
ALPHABET INC CL A
2.4%
TESLA INC
1.8%
ELI LILLY & CO
1.4%

Asset allocation

Stocks
99.7%
Cash
0.3%

By sector

Technology
39.1%
Financial Services
11.9%
Communication
10.0%
Consumer Cyclical
9.3%
Healthcare
8.9%
Industrials
8.0%
Consumer Defensive
4.4%
Energy
3.0%
Other
5.3%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
13.5%Moderate

Year-on-year price swings

Max drawdown
-24.7%Moderate

Worst peak-to-trough loss

Sharpe (3Y)
1.04Strong risk-adjusted returns
Sortino (3Y)
1.51Good downside protection

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks long-term capital growth.
Strategy
Actively manages a portfolio primarily invested in U.S. equity securities, focusing on large-cap stocks while allowing for some small- and mid-cap exposure. The strategy aims to outperform the S&P 500 Index by overweighting favorable stocks and underweighting or avoiding those viewed negatively.
Inception date
June 8, 2021
Fund family
T. Rowe Price

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Closet indexing
Warning

You're paying active fees for an index

This fund charges active-management prices while tracking its benchmark almost perfectly (a high R²). The metrics below show how little active management you're getting for that premium: low tracking error and a fee well above the passive peer median.

97.5%
TE
2.4%
Beta
0.98
Fee
3× 0.10%

Sources: Cremers & Petajisto (2009) · Amihud & Goyenko (2013) · ESMA (2016)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-04