TSPA vs IDEF
Comparison between T. ROWE PRICE U.S. EQUITY RESEARCH ETF (TSPA, ETF) and iShares Defense Industrials Active ETF (IDEF, ETF).
TSPA vs IDEF - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
TSPA
$4.10B
IDEF
$4.10B
Expense Ratio
Winner
TSPA
0.34%
IDEF
0.55%
Max Drawdown
TSPA
24.72%
Winner
IDEF
15.84%
Sharpe Ratio
Winner
TSPA
1.31
IDEF
0.38
5Y Beta
Winner
TSPA
0.97
IDEF
1.12
P/E Ratio
Winner
TSPA
30.17
IDEF
48.94
Forward P/E
Winner
TSPA
22.11
IDEF
30.39
PEG Ratio
TSPA
0.50
IDEF
N/A
5Y EPS CAGR
TSPA
26.55%
IDEF
N/A
Debt to Equity
Winner
TSPA
39.16%
IDEF
129.19%
P/S Ratio
TSPA
4.02
Winner
IDEF
2.70
P/B Ratio
TSPA
5.89
Winner
IDEF
5.86
TSPA vs IDEF - Holdings Comparison
TSPA and IDEF have 14 common holdings. Overlap is 3.18%
TSPA's top 25 holdings weight is 52.53%. IDEF's top 25 holdings weight is 68.51%.
| Rank | TSPA | IDEF |
|---|---|---|
| #1 | NVIDIA CORP (NVDA) - 7.92% | RTX CORP (RTX) - 8.57% |
| #2 | APPLE INC (AAPL) - 6.55% | LOCKHEED MARTIN CORP (LMT) - 6.97% |
| #3 | MICROSOFT CORP (MSFT) - 4.79% | BOEING CO (BA) - 5.16% |
| #4 | AMAZON.COM INC (AMZN) - 4.32% | ROLLS-ROYCE HOLDINGS PLC (n/a) - 5.06% |
| #5 | ALPHABET INC CLASS C (GOOG) - 3.71% | GENERAL DYNAMICS CORP (GD) - 4.55% |
| #6 | BROADCOM INC (AVGO) - 3.44% | NORTHROP GRUMMAN CORP (NOC) - 3.46% |
| #7 | ALPHABET INC CLASS A (GOOGL) - 2.78% | FORTINET INC (FTNT) - 3.35% |
| #8 | META PLATFORMS INC CLASS A (META) - 2.32% | BAE SYSTEMS PLC (n/a) - 2.85% |
| #9 | TESLA INC (TSLA) - 1.63% | AIRBUS SE (n/a) - 2.53% |
| #10 | ELI LILLY AND CO (LLY) - 1.30% | GE AEROSPACE (GE) - 2.45% |
| #11 | JPMORGAN CHASE & CO (JPM) - 1.29% | THALES (n/a) - 2.38% |
| #12 | ADVANCED MICRO DEVICES INC (AMD) - 1.16% | HOWMET AEROSPACE INC (HWM) - 2.18% |
| #13 | VISA INC CLASS A (V) - 1.03% | ELBIT SYSTEMS LTD (n/a) - 1.98% |
| #14 | MICRON TECHNOLOGY INC (MU) - 0.98% | LEONARDO SPA AZ NOM POST RAGGRUPPAMENTO (n/a) - 1.87% |
| #15 | INTEL CORP (INTC) - 0.97% | SAAB AB CLASS B (n/a) - 1.79% |
| #16 | WALMART INC (WMT) - 0.95% | BWX TECHNOLOGIES INC (BWXT) - 1.58% |
| #17 | EXXON MOBIL CORP (n/a) - 0.91% | RHEINMETALL AG (n/a) - 1.54% |
| #18 | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 0.89% | n/a (SPCX) - 1.52% |
| #19 | T-MOBILE US INC (TMUS) - 0.86% | SAFRAN SA (n/a) - 1.51% |
| #20 | NETFLIX INC (NFLX) - 0.85% | MITSUBISHI HEAVY INDUSTRIES LTD (n/a) - 1.42% |
| #21 | JOHNSON & JOHNSON (JNJ) - 0.84% | L3HARRIS TECHNOLOGIES INC (LHX) - 1.40% |
| #22 | CATERPILLAR INC (CAT) - 0.79% | n/a (PLTR) - 1.36% |
| #23 | COSTCO WHOLESALE CORP (COST) - 0.77% | MERCURY SYSTEMS INC (MRCY) - 1.03% |
| #24 | CISCO SYSTEMS INC (CSCO) - 0.75% | HUNTINGTON INGALLS INDUSTRIES INC (HII) - 1.02% |
| #25 | MASTERCARD INC CLASS A (MA) - 0.73% | KONGSBERG GRUPPEN ASA (n/a) - 0.98% |
| Total Holdings | 316 | 130 |
TSPA vs IDEF - Historical Returns
Returns include dividend reinvestment.
1M
Winner
TSPA
+0.13%
IDEF
-3.28%
3M
Winner
TSPA
+7.96%
IDEF
-9.34%
6M
Winner
TSPA
+10.07%
IDEF
-11.43%
1Y
Winner
TSPA
+22.25%
IDEF
+11.16%
5Y(CAGR)
TSPA
+13.81%
IDEF
N/A
Max(CAGR)
TSPA
+14.26%
Winner
IDEF
+22.44%
TSPA vs IDEF - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | TSPA | IDEF |
|---|---|---|
| 2026 | +11.28% | -0.14% |
| 2025 | +16.49% | +23.05% |
| 2024 | +27.28% | N/A |
| 2023 | +30.41% | N/A |
| 2022 | -19.11% | N/A |
| 2021 | +13.72% | N/A |
TSPA vs IDEF Drawdown Comparison
The maximum drawdown for TSPA was -24.72%, occurring on Oct 12, 2022. Recovery took 478 trading sessions.
The maximum drawdown for IDEF was -15.70%, occurring on Jun 26, 2026. This drawdown has not yet recovered.
The current TSPA drawdown is -0.40%. The current IDEF drawdown is -14.12%.
| Rank | TSPA | IDEF |
|---|---|---|
| #1 | -24.72% Dec 29, 2021 - Nov 22, 2023 | -15.70% Mar 2, 2026 - Jun 26, 2026 |
| #2 | -19.04% Feb 19, 2025 - Jun 27, 2025 | -12.27% Oct 8, 2025 - Jan 5, 2026 |
| #3 | -9.24% Jan 29, 2026 - Apr 14, 2026 | -7.38% Jan 16, 2026 - Mar 2, 2026 |
| #4 | -8.90% Jul 16, 2024 - Sep 19, 2024 | -4.33% Aug 6, 2025 - Sep 10, 2025 |
| #5 | -5.49% Mar 28, 2024 - May 14, 2024 | -1.59% Jun 30, 2025 - Jul 9, 2025 |
| #6 | -5.40% Oct 29, 2025 - Dec 11, 2025 | -1.52% Jul 23, 2025 - Aug 4, 2025 |
| #7 | -4.78% Aug 30, 2021 - Oct 19, 2021 | -1.25% Jun 9, 2025 - Jun 13, 2025 |
| #8 | -4.46% Jun 2, 2026 - Jun 10, 2026 | -1.21% Jul 18, 2025 - Jul 23, 2025 |
| #9 | -4.16% Nov 16, 2021 - Dec 23, 2021 | -0.71% Sep 16, 2025 - Sep 19, 2025 |
| #10 | -3.91% Dec 6, 2024 - Jan 22, 2025 | -0.70% Jul 14, 2025 - Jul 17, 2025 |
| #11 | -2.97% Oct 8, 2025 - Oct 24, 2025 | -0.68% Sep 23, 2025 - Sep 26, 2025 |
| #12 | -2.82% Jul 12, 2021 - Jul 23, 2021 | -0.63% Jun 16, 2025 - Jun 23, 2025 |
| #13 | -2.77% Dec 11, 2025 - Dec 23, 2025 | -0.56% Jul 9, 2025 - Jul 14, 2025 |
| #14 | -2.64% Oct 14, 2024 - Nov 6, 2024 | -0.47% Oct 6, 2025 - Oct 8, 2025 |
| #15 | -2.59% Jan 12, 2026 - Jan 27, 2026 | -0.41% May 27, 2025 - May 30, 2025 |
Correlation
Correlation between TSPA and IDEF is 0.67 which considered as a moderate positive correlation - the stocks show some tendency to move together.
0.67
-101
Dividend Comparison (2021 - 2026)
TSPA vs IDEF dividend yield comparison.
| Year | TSPA | IDEF |
|---|---|---|
| 2026 | 0.00% | 0.17% |
| 2025 | 0.62% | 0.17% |
| 2024 | 0.50% | 0.00% |
| 2023 | 0.41% | 0.00% |
| 2022 | 1.16% | 0.00% |
| 2021 | 0.43% | 0.00% |
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