BROUGHT TO YOU BY:

ETF Portfolio Builder

New

ETF Portfolio Builder

New

TSPAvsTHEQETF Comparison

ETF 1

TSPA

T. Rowe Price U.S. Equity Research ETF

This fund is part of

US Large Cap

+0.43%

Full TSPA fund page

VS

ETF 2

THEQ

T. Rowe Price Hedged Equity ETF

This fund is part of

Alternatives

+0.28%

Full THEQ fund page

T. Rowe Price U.S. Equity Research ETF (TSPA) belongs to the US Large Cap segment. T. Rowe Price Hedged Equity ETF (THEQ) is part of the Alternatives segment. TSPA's top 3 sector exposures are Technology, Finance and Consumer Non-Cyclicals. In contrast, THEQ's top sector exposures are Technology, Finance and Healthcare. TSPA is less expensive with a Total Expense Ratio (TER) of 0.34%, versus 0.73% for THEQ. TSPA is up 12.19% year-to-date (YTD) with +$2.03B in YTD flows. THEQ performs worse with 7.56% YTD performance, and +$3M in YTD flows. Run a side-by-side ETF comparison of TSPA and THEQ below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

Find out how industry players manage ETF portfolios. Discover our library of Model portfolios

TSPA vs THEQ performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 09/01/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	TSPA THEQ	+0.34%+0.18%	+0.34%+0.21%	+12.19%+7.56%	+19.86%+12.43%	+76.21%n/a	+81.66%n/a
Flows	TSPA THEQ	+$140M+$761K	+$1.02B+$4M	+$2.03B+$3M	+$2.14B+$13M	+$3.73B-	+$3.74B-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	TSPA THEQ	+13.90%+10.00%	+13.19%+9.22%	+15.32%n/a	+17.72%n/a
Max drawdown	TSPA THEQ	-4.52%-3.25%	-9.19%-6.17%	-19.15%n/a	-24.81%n/a
Max drawdown duration	TSPA THEQ	62d62d	75d48d	127dn/a	704dn/a

Trading data

Create an account to view trading data

Join for free

	TSPA	THEQ
Last sale 9/3/2026 at 1:30 PM	$48.76	$30.49
Previous close 09/02/2026	$48.22	$30.21
Consolidated volume 09/02/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Main metrics

Last update 9/3/2026 at 1:30 PM

Live

Closed

	TSPA	THEQ
Last price	$48.76	$30.49
1D performance	+1.12%	+0.93%
AuM	$4.48 B	$39.12 M
E/R	0.34%	0.73%

Characteristics

	TSPA	THEQ
Management strategy	Active	Active
Provider	T. Rowe Price	T. Rowe Price
Benchmark	-	-
N° of holdings	327	349
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	June 8, 2021	March 26, 2025
ESG	No	No

More TSPA data on Trackinsight

More THEQ data on Trackinsight

Exposure

Countries

TSPA

USA

95.3%

Other

4.7%

THEQ

USA

91.24%

Other

8.76%

Sectors

TSPA

Technology

45.36%

Finance

13.87%

Consumer Non-Cycl.

9.38%

Healthcare

8.8%

Industrials

7.53%

Other

15.06%

THEQ

Technology

41.44%

Finance

13.4%

Healthcare

9.06%

Consumer Non-Cycl.

9.02%

Other

27.09%

Diversification

TSPA

Total weight of top 15 holdings out of 15

45.1%

THEQ

Total weight of top 15 holdings out of 15

39.16%

Top 15 holdings

Data as of July 31, 2026

TSPA

Apple, Inc.

7.69%

NVIDIA Corp.

7.68%

Microsoft Corp.

5.42%

Amazon.com, Inc.

4.21%

Alphabet, Inc.

3.43%

Broadcom Inc.

3.00%

Alphabet, Inc.

2.69%

Meta Platforms, Inc.

2.07%

Eli Lilly & Co.

1.46%

JPMorgan Chase & Co.

1.43%

Advanced Micro Devices, Inc.

1.33%

Tesla, Inc.

1.30%

Micron Technology, Inc.

1.26%

Mastercard, Inc.

1.19%

Johnson & Johnson

0.93%

THEQ

NVIDIA Corp.

6.66%

Apple, Inc.

6.51%

Microsoft Corp.

4.80%

Amazon.com, Inc.

3.53%

Alphabet, Inc.

2.98%

Broadcom Inc.

2.59%

Alphabet, Inc.

2.26%

Meta Platforms, Inc.

1.78%

Eli Lilly & Co.

1.25%

Mastercard, Inc.

1.22%

JPMorgan Chase & Co.

1.20%

Advanced Micro Devices, Inc.

1.16%

Tesla, Inc.

1.09%

Micron Technology, Inc.

1.08%

Cisco Systems, Inc.

1.05%

Frequently asked questions about TSPA and THEQ

TSPAvsTHEQETF Comparison

T. Rowe Price U.S. Equity Research ETF

T. Rowe Price Hedged Equity ETF

TSPA vs THEQ performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the TSPA and THEQ ETFs performed in 2026?

As of September 1, 2026, TSPA is up 12.19% year-to-date (YTD), while THEQ has returned 7.56%. That puts TSPA better performer ahead so far this year.

Which ETF is attracting more investor money: TSPA or THEQ?

Year-to-date, the TSPA ETF saw +$2.03B in flows, compared to +$3M for THEQ.

Which ETF is more volatile: TSPA or THEQ?

Over the past year, TSPA had a volatility of 13.19%, while THEQ experienced 9.22%.

Which ETF is bigger: TSPA or THEQ?

As of September 1, 2026, TSPA holds $4.48 B in assets under management (AUM), while THEQ manages $39.12 M.

What sectors do the TSPA and THEQ ETFs invest in?

TSPA leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, THEQ focuses on Technology, Finance and Healthcare.

What are the top holdings of the TSPA ETF and THEQ ETF?

TSPA top holdings include Apple, Inc., NVIDIA Corp. and Microsoft Corp.. THEQ holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..

Which ETF is more diversified: TSPA or THEQ?

TSPA holds 333 securities with 45.1% of its assets in the top 15. THEQ has 355 securities and a top 15 weight of 39.16%.

Active Trader Report: Use of Leveraged & Inverse ETFs Way Up