T. Rowe Price Growth Stock ETF (TGRW) Performance
TGRW total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −0.1% since Dec 31, 2025
- 1 year
- +0.1% total return
- 5 years
- +6.4% a year
- Since first price
- +10.2% a year since 2020
TGRW trailing returns vs SPY, QQQ, AGG
| Period | TGRW total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −4.9% | −4.9% | −1.0% | −5.0% | +0.9% |
| 3 months | +0.6% | +0.6% | +3.2% | +1.9% | −0.4% |
| 6 months | +1.3% | +1.3% | +7.8% | +8.4% | −1.5% |
| YTD | −0.1% | −0.1% | +12.3% | +15.1% | −1.0% |
| 1 year | +0.1% | +0.1% | +14.4% | +15.9% | −1.1% |
| 3 years | +69.9%+19.3%/yr | +69.9% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +36.4%+6.4%/yr | +35.8% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionAug 5, 2020 | +83.0%+10.2%/yr | +81.9% | — | — | — |
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: TGRW vs SPY
From Aug 5, 2020: TGRW grew to $18,304, SPY to $24,910.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
TGRW returns by calendar year
4 of 5 full years positive. Best 2023 (+48.9%), worst 2022 (−38.4%). 2026 is year to date.
TGRW annual returns table
| Year | TGRW | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −0.1% | −15.9% | +12.3% | +15.1% | −1.0% |
| 2025 | +15.6% | −23.2% | +17.7% | +20.8% | +7.2% |
| 2024 | +29.9% | −13.4% | +24.9% | +25.6% | +1.3% |
| 2023 | +48.9% | −9.4% | +26.2% | +54.9% | +5.7% |
| 2022 | −38.4% | −40.3% | −18.2% | −32.6% | −13.0% |
| 2021 | +15.0% | −9.7% | +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.
TGRW largest drawdowns
Now 7.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 16, 2021 | −43.3% | Nov 9, 2022 | May 28, 2024 | 12 months | 2.5 years |
| Feb 14, 2025 | −23.2% | Apr 8, 2025 | Jun 27, 2025 | 53 days | 4 months |
| Oct 29, 2025 | −18.8% | Mar 30, 2026 | May 14, 2026 | 5 months | 6 months |
| Jul 10, 2024 | −13.4% | Aug 5, 2024 | Nov 6, 2024 | 26 days | 4 months |
| Sep 2, 2020 | −11.5% | Sep 23, 2020 | Nov 25, 2020 | 21 days | 3 months |
| Jun 1, 2026 | −10.9% | Jul 29, 2026 | Oct 6, 2026 | 58 days | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
TGRW risk statistics
| Statistic | 3 years | 5 years | Since 2020 |
|---|---|---|---|
| Annualized return | +21.5% | +8.6% | +10.0% |
| Volatility (annualized) | 16.8% | 20.7% | 20.0% |
| Sharpe ratio | 0.99 | 0.33 | 0.43 |
| Sortino ratio | 1.86 | 0.49 | 0.66 |
| Best month | +13.0% | +13.4% | +13.4% |
| Worst month | −9.0% | −15.6% | −15.6% |
| Best 12 months | +40.0% | +51.5% | +51.5% |
| Worst 12 months | +4.0% | −38.4% | −38.4% |
| Positive months | 61% | 55% | 55% |
| Beta vs S&P 500 | 1.24 | 1.22 | — |
| Correlation with S&P 500 | 0.92 | 0.92 | — |
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.
TGRW rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 63 | −38.4% | +15.7% | +51.5% | 75% |
| 3-year (a year) | 39 | +1.3% | +11.4% | +30.8% | 100% |
| 5-year (a year) | 15 | +6.0% | +8.6% | +13.4% | 100% |
Every holding period starting at a month-end since 2020. Returns for 3 years and longer are annualized.
TGRW performance overview
T. Rowe Price Growth Stock ETF (TGRW) returned +0.1% over the past year and +6.4% a year over five years, with distributions reinvested. Since its first recorded price in 2020 it has returned +10.2% a year, turning $10,000 into about $18,304. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −43.3%, from Nov 16, 2021 to Nov 9, 2022, and it took 1.5 years to get back to the old high. TGRW finished 4 of its 5 full calendar years with a gain; the best year was 2023 (+48.9%) and the worst 2022 (−38.4%). Volatility has been 20.0% a year.
Related: TGRW chart, TGRW holdings, TGRW valuation. See the TGRW overview for the latest quote and fund facts.
TGRW performance FAQ
What is the TGRW return over the past year?
TGRW returned +0.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 0.1%.
What is the average annual return of TGRW?
TGRW has returned +6.4% a year over 5 years, +10.2% a year since August 5, 2020 (total return, distributions reinvested).
How much would $10,000 invested in TGRW be worth?
$10,000 invested in TGRW at its first recorded close on August 5, 2020 would be worth about $18,304 on October 23, 2026 with distributions reinvested.
What was the worst year for TGRW?
The worst calendar year was 2022, with a total return of −38.4%. The best was 2023 at +48.9%.
What is the biggest drawdown of TGRW?
The largest peak-to-trough decline was −43.3% between November 16, 2021 and November 9, 2022. It recovered to the old high on May 28, 2024, 1.5 years after the bottom.
How volatile is TGRW?
Over the past 3 years TGRW had an annualized volatility of 16.8% and a Sharpe ratio of 0.99 (excess return over 1–3 month T-bills per unit of risk).