TNXTvsQUALETF Comparison
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T. Rowe Price Innovation Leaders ETF (TNXT) belongs to the Uncategorized Equities segment. iShares MSCI USA Quality Factor ETF (QUAL) is part of the US Multi-Factor segment. TNXT's top 3 sector exposures are Technology, Healthcare and Finance. In contrast, QUAL's top sector exposures are Technology, Finance and Consumer Non-Cyclicals. TNXT is more expensive with a Total Expense Ratio (TER) of 0.49%, versus 0.15% for QUAL. Run a side-by-side ETF comparison of TNXT and QUAL below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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TNXT vs QUAL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 11/03/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TNXT QUAL | -5.36%+0.55% | +0.66%+1.22% | n/a+15.01% | n/a+17.83% | n/a+72.73% | n/a+66.38% |
| Flows | TNXT QUAL | -$1K+$260M | +$15K+$908M | --$5.36B | --$10.52B | --$6.76B | -+$2.22B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TNXT QUAL | +16.10%+9.37% | n/a+12.21% | n/a+14.48% | n/a+17.44% |
| Max drawdown | TNXT QUAL | -6.08%-4.11% | n/a-9.01% | n/a-18.03% | n/a-28.24% |
| Max drawdown duration | TNXT QUAL | 29d56d | n/a50d | n/a230d | n/a709d |
Trading data
TNXT | QUAL | |
Last sale 11/5/2026 at 2:30 PM | $26.67 | $54.79 |
| Previous close 11/04/2026 | $28.17 | $56.76 |
| Consolidated volume 11/04/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 30, 2026
1-year trailing difference
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TNXT
is actively managed and doesn’t replicate an indexTNXT | QUAL | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 11/5/2026 at 2:30 PM
Live
Closed
TNXT | QUAL | |
|---|---|---|
| Last price | $26.67 | $54.79 |
| 1D performance | -5.32% | -3.46% |
| AuM | $18.69 M | $49.15 B |
| E/R | 0.49% | 0.15% |
Characteristics
TNXT | QUAL | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | T. Rowe Price | iShares |
| Benchmark | - | MSCI USA Sector Neutral Quality Index |
| N° of holdings | 270 | 118 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 28, 2026 | July 16, 2013 |
| ESG | No | No |
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Exposure
Countries
TNXT
USA
84.18%
Other
15.82%
QUAL
USA
95.95%
Other
4.05%
Sectors
TNXT
Technology
48.27%
Healthcare
23.93%
Finance
11.53%
Other
16.27%
QUAL
Technology
50.63%
Finance
12.03%
Consumer Non-Cycl.
9.43%
Healthcare
9.39%
Other
18.52%
Diversification
TNXT
Total weight of top 15 holdings out of 15
42.57%
QUAL
Total weight of top 15 holdings out of 15
56.32%
Top 15 holdings
Data as of September 30, 2026
TNXT
NVIDIA Corp.
8.31%
Apple, Inc.
5.32%
Microsoft Corp.
3.86%
Amazon.com, Inc.
3.37%
Advanced Micro Devices, Inc.
2.84%
Broadcom Inc.
2.60%
Meta Platforms, Inc.
2.57%
Alphabet, Inc.
2.11%
Alphabet, Inc.
1.93%
Micron Technology, Inc.
1.87%
Eli Lilly & Co.
1.74%
Intel Corp.
1.72%
Tesla, Inc.
1.56%
Visa, Inc.
1.54%
Merck & Co., Inc.
1.25%
QUAL
Microsoft Corp.
7.84%
Apple, Inc.
7.11%
NVIDIA Corp.
6.61%
Meta Platforms, Inc.
4.77%
Lam Research Corp.
3.89%
Eli Lilly & Co.
3.66%
The TJX Cos., Inc.
3.32%
Applied Materials, Inc.
3.10%
Visa, Inc.
3.08%
KLA Corp.
2.61%
ExxonMobil Holdings Corp.
2.27%
Mastercard, Inc.
2.18%
Johnson & Johnson
2.11%
Alphabet, Inc.
1.97%
Berkshire Hathaway, Inc.
1.78%
Frequently asked questions about TNXT and QUAL
Which ETF is bigger: TNXT or QUAL?
As of November 3, 2026, TNXT holds $18.69 M in assets under management (AUM), while QUAL manages $49.15 B.
What sectors do the TNXT and QUAL ETFs invest in?
TNXT leans toward sectors like Technology, Healthcare and Finance. Meanwhile, QUAL focuses on Technology, Finance and Consumer Non-Cyclicals.
What are the top holdings of the TNXT ETF and QUAL ETF?
TNXT top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. QUAL holds in its top three: Microsoft Corp., Apple, Inc. and NVIDIA Corp..
Which ETF is more diversified: TNXT or QUAL?
TNXT holds 273 securities with 42.57% of its assets in the top 15. QUAL has 119 securities and a top 15 weight of 56.32%.
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Latest news about TNXT & QUAL
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