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ETFs

T. Rowe Price U.S. Equity Research ETF

TSPA
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 08 2021
Expense Ratio
0.34%
Type
US Equities
Fund Owner
T. Rowe Price
Volume (1m avg. daily)
$114,514
AUM
$30,860,850
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

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Invest with TSPA

What is TSPA?

The fund will normally invest at least 80% of its assets in U.S. equity securities (or futures that have similar economic characteristics). The strategy attempts to create a portfolio with similar characteristics to the Standard & Poor s 500 Stock Index (Index) with the potential to provide excess returns relative to the Index. The fund uses a disciplined portfolio construction process whereby it weights each sector and industry approximately the same as the Index. Within each sector and industry, the weighting of individual fund holdings can vary significantly from their weighting within the Index. The fund, which may be considered an enhanced index fund, attempts to outperform the Index by overweighting those stocks that are viewed favorably relative to their weighting in the Index, and underweighting or avoiding those stocks that are viewed negatively. The fund may also purchase securities that are not in the Index, but at least 80% of the fund s total assets will normally be invested in securities that are in the Index at the time of purchase. The fund will generally remain fully invested (less than 5% in cash reserves) and seeks to be sector neutral when compared to the Index. While the majority of assets will be invested in large-capitalization U.S. common stocks, the fund may have small- and mid-capitalization and foreign exposure in keeping with fund objectives. The fund is nondiversified, meaning it may invest a greater portion of its assets in fewer issuers than is permissible for a diversified fund.

ETFs related toTSPA

ETFs correlated to TSPA include PBUS, GSUS, SPUU

TSPA
T. Rowe Price ExchangeTraded Funds Inc - T. Rowe Price U.S. Equity Research ETF
PBUS
Invesco Capital Management LLC - Invesco MSCI USA ETF
GSUS
Goldman Sachs ETF Trust - Goldman Sachs MarketBeta U.S. Equity ETF
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
VOTE
Engine No. 1 ETF Trust - Engine No. 1 Transform 500 ETF
IYY
BlackRock Institutional Trust Company N.A. - iShares Dow Jones U.S. ETF
VV
Vanguard Group, Inc. - Vanguard Large Cap ETF
SCHX
Schwab Strategic Trust - Schwab U.S. Large-Cap ETF
BBUS
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Equity ETF
VOO
Vanguard Group, Inc. - Vanguard S&P 500 ETF
IVV
BlackRock Institutional Trust Company N.A. - iShares Core S&P 500 ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toTSPA

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

#BUFF

Copy Warren Buffett

Category

Classic, Copy the Greats

Risk Rating

Aggressive

Create your own algorithmic trading strategy with TSPA using Composer

FAQ

TSPA is a US Equities ETF. The fund will normally invest at least 80% of its assets in U.S. equity securities (or futures that have similar economic characteristics). The strategy attempts to create a portfolio with similar characteristics to the Standard & Poor s 500 Stock Index (Index) with the potential to provide excess returns relative to the Index. The fund uses a disciplined portfolio construction process whereby it weights each sector and industry approximately the same as the Index. Within each sector and industry, the weighting of individual fund holdings can vary significantly from their weighting within the Index. The fund, which may be considered an enhanced index fund, attempts to outperform the Index by overweighting those stocks that are viewed favorably relative to their weighting in the Index, and underweighting or avoiding those stocks that are viewed negatively. The fund may also purchase securities that are not in the Index, but at least 80% of the fund s total assets will normally be invested in securities that are in the Index at the time of purchase. The fund will generally remain fully invested (less than 5% in cash reserves) and seeks to be sector neutral when compared to the Index. While the majority of assets will be invested in large-capitalization U.S. common stocks, the fund may have small- and mid-capitalization and foreign exposure in keeping with fund objectives. The fund is nondiversified, meaning it may invest a greater portion of its assets in fewer issuers than is permissible for a diversified fund.

Yes, TSPA is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, TSPA is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on TSPA is -0.0061%. This is the percent change in the value of TSPA over the most recent 1-month period. The 3-month return on TSPA is 0.0134%. This is the percent change in the value of TSPA over the most recent 3-month period.

The standard deviation of TSPA for the past year is 0.1744%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to TSPA include SPHQ, DSI, and QUAL.

ETFs correlated to TSPA include PBUS, GSUS, and SPUU.

ETFs that are inversely correlated to TSPA include SH, SPDN, and SDS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.