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TSPAT. Rowe Price US Equity Research ETF

Grow my money5y track recordRanked #426 of 2,960 in this goal

Seeks to provide long-term capital growth.

By T. Rowe Price · Launched 2021

Annual Cost

0.34%

#1,585 of 5,562 · low cost

Fund Size

$3.4B

#540 of 5,562 · large

Return (1Y)Goal

+24.6%

Track Record

5 years

#2,390 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$12,573+25.7%

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

Classification

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 = 39.9% of fundwell diversified

NVIDIA CORP
8.0%
APPLE INC
6.8%
MICROSOFT CORP
6.3%
AMAZON.COM INC
4.0%
ALPHABET INC CL C
3.4%
BROADCOM INC
3.1%
META PLATFORMS INC-CLASS A
2.6%
TESLA INC
2.1%
ALPHABET INC CL A
2.1%
ELI LILLY & CO
1.6%

Asset allocation

Stocks
99.3%
Cash
0.7%

By sector

Technology
35.9%
Financial Services
12.2%
Communication
11.3%
Consumer Cyclical
10.0%
Healthcare
8.6%
Industrials
8.0%
Consumer Defensive
4.7%
Energy
3.6%
Other
5.9%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
12.9%Moderate

Year-on-year price swings

Max drawdown
-24.7%Moderate

Worst peak-to-trough loss

Sharpe (3Y)
1.15Strong risk-adjusted returns
Sortino (3Y)
1.69Good downside protection

Where to buy

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks to provide long-term capital growth.
Strategy
Invests primarily in U.S. equity securities, aiming for long-term capital growth. The fund attempts to create a portfolio similar to the S&P 500 Index, overweighting favorable stocks and underweighting negative ones. It remains fully invested, seeks to be sector neutral, and may include small- and mid-cap stocks.
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

Closet indexer — active fees, passive behavior

This fund charges active-management fees but closely tracks its benchmark index. You may be paying a premium for active management that does not meaningfully exist — a combination of high R² versus the benchmark, low tracking error, and a TER sitting well above the passive peer-group median.

97.7%
TE
2.3%
Beta
0.98
Fee
3× 0.11%

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

Why we flagged this: strategy=active_selection + high_r_squared+low_tracking_error+near_market_beta+fee_premium

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 2026-06-19