UCON vs TSPA

Comparison between FIRST TRUST TCW UNCONSTRAINED PLUS BOND ETF (UCON, ETF) and T. ROWE PRICE U.S. EQUITY RESEARCH ETF (TSPA, ETF).

5-Year PerformanceTSPA has outperformed UCON, delivering a return of +14.6% compared to +2.8%

UCON vs TSPA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	UCON(ETF)	TSPA(ETF)
Net Assets	$3.30B	$3.40B
Expense Ratio	0.86%	0.34%
Max Drawdown	15.31%	24.72%
Sharpe Ratio	0.52	1.65
5Y Beta	0.04	0.97
P/E Ratio	N/A	29.28
Forward P/E	N/A	21.84
PEG Ratio	N/A	0.43
5Y Dividends CAGR	8.79%	N/A
5Y EPS CAGR	N/A	29.87%
Debt to Equity	N/A	52.38%

Net Assets

UCON

$3.30B

Winner

TSPA

$3.40B

Expense Ratio

UCON

0.86%

Winner

TSPA

0.34%

Max Drawdown

Winner

UCON

15.31%

TSPA

24.72%

Sharpe Ratio

UCON

0.52

Winner

TSPA

1.65

5Y Beta

Winner

UCON

0.04

TSPA

0.97

P/E Ratio

UCON

N/A

TSPA

29.28

Forward P/E

UCON

N/A

TSPA

21.84

PEG Ratio

UCON

N/A

TSPA

0.43

5Y Dividends CAGR

UCON

8.79%

TSPA

N/A

5Y EPS CAGR

UCON

N/A

TSPA

29.87%

Debt to Equity

UCON

N/A

TSPA

52.38%

UCON vs TSPA - Historical Returns

Returns include dividend reinvestment.

Period	UCON	TSPA
1 month	+0.95%	+1.61%
3 months	+1.20%	+14.34%
6 months	+0.85%	+12.18%
1 year	+5.38%	+27.26%
5 years(CAGR)	+2.82%	+14.65%
10 years(CAGR)	+3.70%	N/A
Max(CAGR)	+3.70%	+14.34%

UCON

+0.95%

Winner

TSPA

+1.61%

UCON

+1.20%

Winner

TSPA

+14.34%

UCON

+0.85%

Winner

TSPA

+12.18%

UCON

+5.38%

Winner

TSPA

+27.26%

5Y(CAGR)

UCON

+2.82%

Winner

TSPA

+14.65%

10Y(CAGR)

UCON

+3.70%

TSPA

N/A

Max(CAGR)

UCON

+3.70%

Winner

TSPA

+14.34%

UCON vs TSPA - Annual Returns (2018 - 2026)

Returns include dividend reinvestment.

Year	UCON	TSPA
2026	+0.77%	+10.56%
2025	+7.00%	+16.49%
2024	+4.90%	+27.28%
2023	+7.67%	+30.41%
2022	-5.72%	-19.11%
2021	+1.05%	+13.72%
2020	+6.67%	N/A
2019	+7.13%	N/A
2018	+1.11%	N/A

UCON vs TSPA Drawdown Comparison

The maximum drawdown for UCON was -15.31%, occurring on Mar 18, 2020. Recovery took 83 trading sessions.

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

The current UCON drawdown is -0.40%. The current TSPA drawdown is -1.04%.

Rank	UCON	TSPA
#1	-15.31% Mar 5, 2020 - Jul 2, 2020	-24.72% Dec 29, 2021 - Nov 22, 2023
#2	-9.60% Sep 14, 2021 - Dec 14, 2023	-19.04% Feb 19, 2025 - Jun 27, 2025
#3	-2.45% Feb 26, 2026 - Mar 26, 2026	-9.24% Jan 29, 2026 - Apr 14, 2026
#4	-1.70% Feb 1, 2024 - May 15, 2024	-8.90% Jul 16, 2024 - Sep 19, 2024
#5	-1.67% Sep 24, 2024 - Feb 24, 2025	-5.49% Mar 28, 2024 - May 14, 2024
#6	-1.53% Mar 3, 2025 - May 30, 2025	-5.40% Oct 29, 2025 - Dec 11, 2025
#7	-1.12% Nov 9, 2018 - Jan 10, 2019	-4.78% Aug 30, 2021 - Oct 19, 2021
#8	-1.07% Feb 11, 2021 - May 26, 2021	-4.46% Jun 2, 2026 - Jun 10, 2026
#9	-0.96% Sep 4, 2019 - Oct 1, 2019	-4.16% Nov 16, 2021 - Dec 23, 2021
#10	-0.88% Feb 24, 2020 - Mar 3, 2020	-3.91% Dec 6, 2024 - Jan 22, 2025
#11	-0.87% Dec 28, 2023 - Jan 12, 2024	-2.97% Oct 8, 2025 - Oct 24, 2025
#12	-0.83% Oct 13, 2020 - Nov 5, 2020	-2.82% Jul 12, 2021 - Jul 23, 2021
#13	-0.75% Oct 28, 2025 - Nov 25, 2025	-2.77% Dec 11, 2025 - Dec 23, 2025
#14	-0.73% May 15, 2024 - Jun 4, 2024	-2.64% Oct 14, 2024 - Nov 6, 2024
#15	-0.73% Feb 19, 2019 - Mar 6, 2019	-2.59% Jan 12, 2026 - Jan 27, 2026