TMSL vs XSD

Comparison between T. ROWE PRICE SMALL-MID CAP ETF (TMSL, ETF) and SPDR(R) S&P(R) SEMICONDUCTOR ETF (XSD, ETF).

TMSL vs XSD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	TMSL(ETF)	XSD(ETF)
Net Assets	$1.60B	$1.60B
Expense Ratio	0.55%	0.35%
Max Drawdown	24.72%	64.87%
Sharpe Ratio	1.66	2.94
5Y Beta	1.04	2.04
P/E Ratio	32.54	1310.07
Forward P/E	16.03	27.93
PEG Ratio	N/A	0.28
5Y Dividends CAGR	N/A	14.36%
5Y EPS CAGR	14.88%	10.95%
Debt to Equity	19.43%	29.19%
P/S Ratio	1.45	7.95
P/B Ratio	2.98	6.06

Net Assets

TMSL

$1.60B

XSD

$1.60B

Expense Ratio

TMSL

0.55%

Winner

XSD

0.35%

Max Drawdown

Winner

TMSL

24.72%

XSD

64.87%

Sharpe Ratio

TMSL

1.66

Winner

XSD

2.94

5Y Beta

Winner

TMSL

1.04

XSD

2.04

P/E Ratio

Winner

TMSL

32.54

XSD

1310.07

Forward P/E

Winner

TMSL

16.03

XSD

27.93

PEG Ratio

TMSL

N/A

XSD

0.28

5Y Dividends CAGR

TMSL

N/A

XSD

14.36%

5Y EPS CAGR

Winner

TMSL

14.88%

XSD

10.95%

Debt to Equity

Winner

TMSL

19.43%

XSD

29.19%

P/S Ratio

Winner

TMSL

1.45

XSD

7.95

P/B Ratio

Winner

TMSL

2.98

XSD

6.06

TMSL vs XSD - Holdings Comparison

TMSL and XSD have 5 common holdings. Overlap is 1.75%

TMSL's top 25 holdings weight is 21.69%. XSD's top 25 holdings weight is 70.45%.

Rank	TMSL	XSD
#1	SANDISK CORP ORDINARY SHARES (SNDK) - 1.90%	MARVELL TECHNOLOGY INC (MRVL) - 3.54%
#2	POPULAR INC (BPOP) - 1.16%	CREDO TECHNOLOGY GROUP HOLDING LTD (CRDO) - 3.35%
#3	TECHNIPFMC PLC (n/a) - 1.05%	ASTERA LABS INC (ALAB) - 3.26%
#4	TELEDYNE TECHNOLOGIES INC (TDY) - 1.01%	MAXLINEAR INC (MXL) - 3.22%
#5	API GROUP CORP (APG) - 1.00%	SITIME CORP ORDINARY SHARES (SITM) - 3.16%
#6	CIENA CORP (CIEN) - 1.00%	ON SEMICONDUCTOR CORP (ON) - 3.10%
#7	TENET HEALTHCARE CORP (THC) - 0.97%	POWER INTEGRATIONS INC (POWI) - 3.04%
#8	THE MIDDLEBY CORP (MIDD) - 0.93%	MONOLITHIC POWER SYSTEMS INC (MPWR) - 3.01%
#9	EAST WEST BANCORP INC (EWBC) - 0.91%	RAMBUS INC (RMBS) - 2.98%
#10	MKS INC (MKSI) - 0.90%	NAVITAS SEMICONDUCTOR CORP CLASS A (NVTS) - 2.96%
#11	PERMIAN RESOURCES CORP CLASS A (PR) - 0.90%	ADVANCED MICRO DEVICES INC (AMD) - 2.93%
#12	NVENT ELECTRIC PLC (NVT) - 0.89%	INTEL CORP (INTC) - 2.92%
#13	STONEX GROUP INC (SNEX) - 0.88%	LATTICE SEMICONDUCTOR CORP (LSCC) - 2.72%
#14	RAMBUS INC (RMBS) - 0.86%	MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC (MTSI) - 2.71%
#15	CORPAY INC (CPAY) - 0.81%	CIRRUS LOGIC INC (CRUS) - 2.65%
#16	AXIS CAPITAL HOLDINGS LTD (AXS) - 0.81%	ALLEGRO MICROSYSTEMS INC ORDINARY SHARES (ALGM) - 2.64%
#17	RELIANCE INC (RS) - 0.80%	MICROCHIP TECHNOLOGY INC (MCHP) - 2.60%
#18	FABRINET (FN) - 0.80%	SEMTECH CORP (SMTC) - 2.55%
#19	n/a (WFRD) - 0.79%	IMPINJ INC (PI) - 2.53%
#20	TEXTRON INC (TXT) - 0.79%	BROADCOM INC (AVGO) - 2.49%
#21	JABIL INC (JBL) - 0.52%	ANALOG DEVICES INC (ADI) - 2.49%
#22	ENCOMPASS HEALTH CORP (EHC) - 0.51%	TEXAS INSTRUMENTS INC (TXN) - 2.48%
#23	CURTISS-WRIGHT CORP (CW) - 0.50%	SYNAPTICS INC (SYNA) - 2.40%
#24	MAREX GROUP PLC (MRX) - 0.50%	NXP SEMICONDUCTORS NV (NXPI) - 2.37%
#25	FIRST BANCORP (FBP) - 0.50%	AMBARELLA INC (AMBA) - 2.35%
Total Holdings	244	45

TMSL vs XSD - Historical Returns

Returns include dividend reinvestment.

Period	TMSL	XSD
1 month	+6.32%	+54.21%
3 months	+4.38%	+53.30%
6 months	+18.75%	+69.81%
1 year	+34.26%	+168.19%
5 years(CAGR)	N/A	+26.30%
10 years(CAGR)	N/A	+30.25%
Max(CAGR)	+18.98%	+16.80%

TMSL

+6.32%

Winner

XSD

+54.21%

TMSL

+4.38%

Winner

XSD

+53.30%

TMSL

+18.75%

Winner

XSD

+69.81%

TMSL

+34.26%

Winner

XSD

+168.19%

5Y(CAGR)

TMSL

N/A

XSD

+26.30%

10Y(CAGR)

TMSL

N/A

XSD

+30.25%

Max(CAGR)

Winner

TMSL

+18.98%

XSD

+16.80%

TMSL vs XSD - Annual Returns (2006 - 2026)

Returns include dividend reinvestment.

Year	TMSL	XSD
2026	+13.04%	+65.34%
2025	+12.04%	+27.98%
2024	+16.39%	+14.11%
2023	+11.22%	+36.81%
2022	N/A	-32.38%
2021	N/A	+43.38%
2020	N/A	+58.68%
2019	N/A	+63.39%
2018	N/A	-9.25%
2017	N/A	+24.39%
2016	N/A	+31.09%
2015	N/A	+10.12%
2014	N/A	+32.70%
2013	N/A	+30.80%
2012	N/A	+0.66%
2011	N/A	-19.33%
2010	N/A	+14.86%
2009	N/A	+91.13%
2008	N/A	-46.05%
2007	N/A	-4.85%
2006	N/A	-7.73%

TMSL vs XSD Drawdown Comparison

The maximum drawdown for TMSL was -24.39%, occurring on Apr 8, 2025. Recovery took 193 trading sessions.

The maximum drawdown for XSD was -64.56%, occurring on Nov 20, 2008. Recovery took 875 trading sessions.

The current TMSL drawdown is -0.63%.

Rank	TMSL	XSD
#1	-24.39% Nov 25, 2024 - Sep 5, 2025	-64.56% Jul 17, 2007 - Jan 4, 2011
#2	-13.22% Jul 31, 2023 - Dec 13, 2023	-42.27% Dec 8, 2021 - May 28, 2024
#3	-11.19% Feb 26, 2026 - Apr 17, 2026	-41.25% Jul 16, 2024 - Aug 12, 2025
#4	-8.33% Jul 16, 2024 - Sep 19, 2024	-37.42% Feb 17, 2011 - Jan 21, 2014
#5	-7.68% Mar 28, 2024 - Jul 15, 2024	-36.80% Jan 23, 2020 - Jun 4, 2020
#6	-6.69% Oct 27, 2025 - Nov 28, 2025	-29.05% May 5, 2006 - Jul 13, 2007
#7	-4.03% Sep 18, 2025 - Oct 23, 2025	-23.70% Sep 4, 2018 - Feb 22, 2019
#8	-3.76% Nov 11, 2024 - Nov 22, 2024	-23.33% Jun 18, 2015 - Jun 7, 2016
#9	-3.27% Dec 27, 2023 - Jan 22, 2024	-20.99% Feb 16, 2021 - Aug 27, 2021
#10	-3.18% Dec 11, 2025 - Jan 6, 2026	-20.63% Sep 5, 2014 - Dec 3, 2014
#11	-2.93% Oct 17, 2024 - Nov 6, 2024	-18.61% Oct 27, 2025 - Jan 16, 2026
#12	-2.59% Apr 20, 2026 - May 5, 2026	-17.46% Apr 24, 2019 - Jul 18, 2019
#13	-2.56% Jun 15, 2023 - Jun 29, 2023	-16.97% Feb 11, 2026 - Apr 10, 2026
#14	-2.28% Feb 12, 2024 - Feb 15, 2024	-13.94% Jan 17, 2018 - Mar 12, 2018
#15	-2.16% Jan 21, 2026 - Feb 6, 2026	-11.62% Mar 12, 2018 - Jun 1, 2018

Correlation

Correlation between TMSL and XSD is 0.84 which considered as a strong positive correlation - the stocks tend to move together.

0.84

-101

Dividend Comparison (2006 - 2026)

TMSL vs XSD dividend yield comparison.

Year	TMSL	XSD
2026	0.00%	0.03%
2025	0.57%	0.26%
2024	0.44%	0.20%
2023	0.34%	0.31%
2022	0.00%	0.44%
2021	0.00%	0.10%
2020	0.00%	0.26%
2019	0.00%	0.51%
2018	0.00%	1.16%
2017	0.00%	0.59%
2016	0.00%	0.64%
2015	0.00%	0.58%
2014	0.00%	0.46%
2013	0.00%	0.52%
2012	0.00%	0.69%
2011	0.00%	0.84%
2010	0.00%	0.76%
2009	0.00%	0.74%
2008	0.00%	1.21%
2007	0.00%	0.40%
2006	0.00%	0.19%