TSPA vs SPGP

Comparison between T. ROWE PRICE U.S. EQUITY RESEARCH ETF (TSPA, ETF) and INVESCO S&P 500 GARP ETF (SPGP, ETF).

5-Year PerformanceTSPA has outperformed SPGP, delivering a return of +14.3% compared to +7.3%

TSPA vs SPGP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	TSPA(ETF)	SPGP(ETF)
Net Assets	$2.10B	$2.10B
Expense Ratio	0.34%	0.36%
Max Drawdown	24.72%	42.43%
Sharpe Ratio	2.00	1.08
5Y Beta	0.97	1.02
P/E Ratio	29.92	18.77
Forward P/E	22.50	16.28
PEG Ratio	0.59	0.70
5Y Dividends CAGR	N/A	8.12%
5Y EPS CAGR	28.25%	23.14%
Debt to Equity	44.08%	76.23%
P/S Ratio	3.64	2.23
P/B Ratio	5.41	3.45

Net Assets

TSPA

$2.10B

SPGP

$2.10B

Expense Ratio

Winner

TSPA

0.34%

SPGP

0.36%

Max Drawdown

Winner

TSPA

24.72%

SPGP

42.43%

Sharpe Ratio

Winner

TSPA

2.00

SPGP

1.08

5Y Beta

Winner

TSPA

0.97

SPGP

1.02

P/E Ratio

TSPA

29.92

Winner

SPGP

18.77

Forward P/E

TSPA

22.50

Winner

SPGP

16.28

PEG Ratio

Winner

TSPA

0.59

SPGP

0.70

5Y Dividends CAGR

TSPA

N/A

SPGP

8.12%

5Y EPS CAGR

Winner

TSPA

28.25%

SPGP

23.14%

Debt to Equity

Winner

TSPA

44.08%

SPGP

76.23%

P/S Ratio

TSPA

3.64

Winner

SPGP

2.23

P/B Ratio

TSPA

5.41

Winner

SPGP

3.45

TSPA vs SPGP - Holdings Comparison

TSPA and SPGP have 42 common holdings. Overlap is 13.69%

TSPA's top 25 holdings weight is 48.99%. SPGP's top 25 holdings weight is 49.19%.

Rank	TSPA	SPGP
#1	NVIDIA CORP (NVDA) - 7.73%	MONOLITHIC POWER SYSTEMS INC (MPWR) - 2.94%
#2	APPLE INC (AAPL) - 6.96%	NVIDIA CORP (NVDA) - 2.92%
#3	MICROSOFT CORP (MSFT) - 4.96%	HOST HOTELS & RESORTS INC (HST) - 2.68%
#4	AMAZON.COM INC (AMZN) - 3.77%	ARISTA NETWORKS INC (ANET) - 2.51%
#5	ALPHABET INC CLASS C (GOOG) - 3.17%	DELTA AIR LINES INC (DAL) - 2.24%
#6	BROADCOM INC (AVGO) - 2.80%	AIRBNB INC ORDINARY SHARES CLASS A (ABNB) - 2.24%
#7	META PLATFORMS INC CLASS A (META) - 2.40%	NORTHERN TRUST CORP (NTRS) - 2.18%
#8	ALPHABET INC CLASS A (GOOGL) - 2.36%	UBER TECHNOLOGIES INC (UBER) - 2.17%
#9	TESLA INC (TSLA) - 1.77%	BAKER HUGHES CO CLASS A (BKR) - 2.06%
#10	ELI LILLY AND CO (LLY) - 1.38%	EMCOR GROUP INC (EME) - 2.00%
#11	JPMORGAN CHASE & CO (JPM) - 1.35%	EBAY INC (EBAY) - 2.00%
#12	EXXON MOBIL CORP (XOM) - 1.12%	ROYAL CARIBBEAN GROUP (RCL) - 1.98%
#13	VISA INC CLASS A (V) - 1.05%	CARNIVAL CORP (CCL) - 1.96%
#14	T-MOBILE US INC (TMUS) - 1.03%	FORTINET INC (FTNT) - 1.73%
#15	BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.01%	SLB LTD (SLB) - 1.72%
#16	WALMART INC (WMT) - 0.99%	EXPEDIA GROUP INC (EXPE) - 1.66%
#17	NETFLIX INC (NFLX) - 0.98%	ARCH CAPITAL GROUP LTD (ACGL) - 1.65%
#18	JOHNSON & JOHNSON (JNJ) - 0.95%	SUPER MICRO COMPUTER INC (SMCI) - 1.64%
#19	CHEVRON CORP (CVX) - 0.82%	UNITED AIRLINES HOLDINGS INC (UAL) - 1.63%
#20	MASTERCARD INC CLASS A (MA) - 0.80%	TEXAS PACIFIC LAND CORP (TPL) - 1.63%
#21	ABBOTT LABORATORIES (ABT) - 0.32%	SYNCHRONY FINANCIAL (SYF) - 1.58%
#22	AMPHENOL CORP CLASS A (APH) - 0.32%	UNITED RENTALS INC (URI) - 1.56%
#23	CSX CORP (CSX) - 0.32%	BLOCK INC CLASS A (XYZ) - 1.55%
#24	NORTHROP GRUMMAN CORP (NOC) - 0.32%	HALLIBURTON CO (HAL) - 1.51%
#25	ALLSTATE CORP (ALL) - 0.31%	DECKERS OUTDOOR CORP (DECK) - 1.45%
Total Holdings	272	76

TSPA vs SPGP - Historical Returns

Returns include dividend reinvestment.

Period	TSPA	SPGP
1 month	+9.39%	+4.50%
3 months	+6.99%	+0.28%
6 months	+11.27%	+5.99%
1 year	+32.17%	+19.68%
5 years(CAGR)	+14.33%	+7.33%
10 years(CAGR)	N/A	+14.86%
Max(CAGR)	+14.33%	+14.18%

Winner

TSPA

+9.39%

SPGP

+4.50%

Winner

TSPA

+6.99%

SPGP

+0.28%

Winner

TSPA

+11.27%

SPGP

+5.99%

Winner

TSPA

+32.17%

SPGP

+19.68%

5Y(CAGR)

Winner

TSPA

+14.33%

SPGP

+7.33%

10Y(CAGR)

TSPA

N/A

SPGP

+14.86%

Max(CAGR)

Winner

TSPA

+14.33%

SPGP

+14.18%

TSPA vs SPGP - Annual Returns (2011 - 2026)

Returns include dividend reinvestment.

Year	TSPA	SPGP
2026	+8.86%	+2.83%
2025	+16.49%	+9.79%
2024	+27.28%	+8.64%
2023	+30.41%	+21.05%
2022	-19.11%	-13.53%
2021	+13.72%	+37.67%
2020	N/A	+14.92%
2019	N/A	+39.98%
2018	N/A	+0.65%
2017	N/A	+34.72%
2016	N/A	+1.84%
2015	N/A	+6.62%
2014	N/A	+17.46%
2013	N/A	+26.61%
2012	N/A	+14.10%
2011	N/A	+1.02%

TSPA vs SPGP Drawdown Comparison

The maximum drawdown for TSPA was -24.72%, occurring on Oct 12, 2022. Recovery took 478 trading sessions.

The maximum drawdown for SPGP was -42.07%, occurring on Mar 23, 2020. Recovery took 185 trading sessions.

The current SPGP drawdown is -0.64%.

Rank	TSPA	SPGP
#1	-24.72% Dec 29, 2021 - Nov 22, 2023	-42.07% Feb 13, 2020 - Nov 5, 2020
#2	-19.04% Feb 19, 2025 - Jun 27, 2025	-22.88% Dec 2, 2024 - Aug 13, 2025
#3	-9.24% Jan 29, 2026 - Apr 14, 2026	-22.80% Oct 1, 2018 - Apr 3, 2019
#4	-8.90% Jul 16, 2024 - Sep 19, 2024	-22.65% Dec 29, 2021 - Jul 31, 2023
#5	-5.49% Mar 28, 2024 - May 14, 2024	-19.36% Aug 5, 2015 - Jan 25, 2017
#6	-5.40% Oct 29, 2025 - Dec 11, 2025	-16.83% Jul 25, 2011 - Jan 26, 2012
#7	-4.78% Aug 30, 2021 - Oct 19, 2021	-11.16% Jan 6, 2026 - Apr 17, 2026
#8	-4.16% Nov 16, 2021 - Dec 23, 2021	-10.69% Jul 24, 2019 - Oct 24, 2019
#9	-3.91% Dec 6, 2024 - Jan 22, 2025	-9.68% Jul 31, 2023 - Dec 13, 2023
#10	-2.97% Oct 8, 2025 - Oct 24, 2025	-9.65% Jan 26, 2018 - Mar 9, 2018
#11	-2.82% Jul 12, 2021 - Jul 23, 2021	-9.57% Jul 16, 2024 - Oct 4, 2024
#12	-2.77% Dec 11, 2025 - Dec 23, 2025	-8.58% Sep 19, 2014 - Nov 11, 2014
#13	-2.64% Oct 14, 2024 - Nov 6, 2024	-8.55% Apr 2, 2012 - Aug 7, 2012
#14	-2.59% Jan 12, 2026 - Jan 27, 2026	-8.04% May 3, 2019 - Jun 20, 2019
#15	-2.36% Nov 11, 2024 - Nov 26, 2024	-7.95% Sep 19, 2012 - Jan 22, 2013

Correlation

Correlation between TSPA and SPGP is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.

0.98

-101

Dividend Comparison (2011 - 2026)

TSPA vs SPGP dividend yield comparison.

Year	TSPA	SPGP
2026	0.00%	0.28%
2025	0.62%	1.04%
2024	0.50%	1.38%
2023	0.41%	1.24%
2022	1.16%	1.22%
2021	0.43%	0.69%
2020	0.00%	1.10%
2019	0.00%	0.86%
2018	0.00%	0.95%
2017	0.00%	0.68%
2016	0.00%	0.89%
2015	0.00%	1.12%
2014	0.00%	1.52%
2013	0.00%	2.11%
2012	0.00%	1.49%
2011	0.00%	1.27%