T. Rowe Price Equity Income ETF (TEQI) Performance
TEQI total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +17.5% since Dec 31, 2025
- 1 year
- +21.4% total return
- 5 years
- +10.3% a year
- Since first price
- +15.0% a year since 2020
TEQI trailing returns vs SPY, QQQ, AGG
| Period | TEQI total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +2.3% | +2.0% | −1.0% | −5.0% | +0.9% |
| 3 months | +3.4% | +3.0% | +3.2% | +1.9% | −0.4% |
| 6 months | +11.3% | +10.5% | +7.8% | +8.4% | −1.5% |
| YTD | +17.5% | +16.3% | +12.3% | +15.1% | −1.0% |
| 1 year | +21.4% | +19.5% | +14.4% | +15.9% | −1.1% |
| 3 years | +71.4%+19.7%/yr | +62.6% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +63.1%+10.3%/yr | +45.8% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionAug 5, 2020 | +138.2%+15.0%/yr | +108.4% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: TEQI vs SPY
From Aug 5, 2020: TEQI grew to $23,820, SPY to $24,910.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
TEQI returns by calendar year
4 of 5 full years positive. Best 2021 (+26.3%), worst 2022 (−3.3%). 2026 is year to date.
TEQI annual returns table
| Year | TEQI | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +17.5% | −7.2% | +12.3% | +15.1% | −1.0% |
| 2025 | +13.4% | −14.1% | +17.7% | +20.8% | +7.2% |
| 2024 | +13.1% | −7.7% | +24.9% | +25.6% | +1.3% |
| 2023 | +9.6% | −10.8% | +26.2% | +54.9% | +5.7% |
| 2022 | −3.3% | −17.8% | −18.2% | −32.6% | −13.0% |
| 2021 | +26.3% | −6.6% | +28.7% | +27.4% | −1.8% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
TEQI largest drawdowns
Now 0.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Mar 29, 2022 | −17.8% | Sep 30, 2022 | Dec 14, 2023 | 6 months | 1.7 years |
| Nov 29, 2024 | −14.8% | Apr 8, 2025 | Jul 3, 2025 | 4 months | 7 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
TEQI risk statistics
| Statistic | 3 years | 5 years | Since 2020 |
|---|---|---|---|
| Annualized return | +17.0% | +10.6% | +14.3% |
| Volatility (annualized) | 11.8% | 14.7% | 15.5% |
| Sharpe ratio | 1.03 | 0.52 | 0.75 |
| Sortino ratio | 1.78 | 0.80 | 1.32 |
| Best month | +8.4% | +10.6% | +16.7% |
| Worst month | −6.5% | −9.6% | −9.6% |
| Best 12 months | +30.4% | +30.4% | +49.2% |
| Worst 12 months | +3.8% | −7.5% | −7.5% |
| Positive months | 69% | 62% | 60% |
| Beta vs S&P 500 | 0.72 | 0.77 | — |
| Correlation with S&P 500 | 0.76 | 0.82 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
TEQI rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 63 | −7.5% | +11.7% | +49.2% | 84% |
| 3-year (a year) | 39 | +6.2% | +10.3% | +19.6% | 100% |
| 5-year (a year) | 15 | +8.6% | +11.1% | +14.9% | 100% |
Every holding period starting at a month-end since 2020. Returns for 3 years and longer are annualized.
TEQI performance overview
T. Rowe Price Equity Income ETF (TEQI) returned +21.4% over the past year and +10.3% a year over five years, with distributions reinvested. Since its first recorded price in 2020 it has returned +15.0% a year, turning $10,000 into about $23,820. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −17.8%, from Mar 29, 2022 to Sep 30, 2022, and it took 1.2 years to get back to the old high. TEQI finished 4 of its 5 full calendar years with a gain; the best year was 2021 (+26.3%) and the worst 2022 (−3.3%). Volatility has been 15.5% a year.
Related: TEQI chart, TEQI holdings, TEQI dividends, TEQI valuation. See the TEQI overview for the latest quote and fund facts.
TEQI performance FAQ
What is the TEQI return over the past year?
TEQI returned +21.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 19.5%.
What is the average annual return of TEQI?
TEQI has returned +10.3% a year over 5 years, +15.0% a year since August 5, 2020 (total return, distributions reinvested).
How much would $10,000 invested in TEQI be worth?
$10,000 invested in TEQI at its first recorded close on August 5, 2020 would be worth about $23,820 on October 23, 2026 with distributions reinvested.
What was the worst year for TEQI?
The worst calendar year was 2022, with a total return of −3.3%. The best was 2021 at +26.3%.
What is the biggest drawdown of TEQI?
The largest peak-to-trough decline was −17.8% between March 29, 2022 and September 30, 2022. It recovered to the old high on December 14, 2023, 1.2 years after the bottom.
How volatile is TEQI?
Over the past 3 years TEQI had an annualized volatility of 11.8% and a Sharpe ratio of 1.03 (excess return over 1–3 month T-bills per unit of risk).