T. Rowe PriceEquity HedgedTHEQ · NYSE Arca

T. Rowe Price Hedged Equity ETF (THEQ)

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Price: $30.02; —12 Nov 2026
Assets: $37.5M; Total net assets
Expense ratio: 0.46%; Category 1.18%
Yield: 0.48%; Trailing distributions

1Y return: 6.9%+1.4%; Category 5.5%
3Y CAGR: —; Category 14.2%
5Y CAGR: —; Category 6.6%

$30.02—12 Nov 2026

Fund

Assets: $37.5M
Expense: 0.46%
Categ. exp: 1.18%
Yield: 0.48%

ReturnFundCateg.

1Y6.9%5.5%

3Y—14.2%

5Y—6.6%

Launch12.5%—

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T. Rowe Price Hedged Equity ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	-2.0%	-2.1%	+0.5%	+7.3%	+6.9%	—	—	—	+12.5%
Equity Hedged average	-3.4%	-3.7%	-1.3%	5.7%	5.5%	14.2%	6.6%	8.7%	8.3%
Difference	+1.4%	+1.6%	+1.8%	+1.6%	+1.4%	—	—	—	+4.1%

Holdings

The 6 largest positions make up 80.5% of the fund.

Top holdings

Largest holdings by weight
Ticker	Holding	Weight
TSPA	T. Rowe Price US Equity Research ETF	79.29%
MSI	Motorola Solutions Inc	0.26%
MRK	Merck & Co Inc	0.26%
MSFT	Microsoft Corp	0.26%
CSCO	Cisco Systems Inc	0.24%
CB	Chubb Ltd	0.24%

Portfolio valuation

Weighted averages of what the fund holds.

P/E: 24.3
P/B: 5.1
P/S: 3.5
P/CF: 18.9

Sector allocation

Share of the equity the fund holds.

Technology38.1%
Financial services12.6%
Health care10.1%
Communication services9.3%
Consumer discretionary8.7%
Industrials7.3%
Consumer staples4.8%
Energy3.6%
Utilities2.5%
Real estate1.6%
Materials1.6%

Asset mix

Stocks82.0%
Bonds11.5%
Other4.8%
Cash1.8%

Credit quality

Share of the bonds by rating.

US government11.8%

ETF details

Issuer: T. Rowe Price
Category: Equity · Equity Hedged
Ticker: THEQ
Exchange: NYSE Arca
Inception: 26 Mar 2025 (1.6 years)
Structure: Exchange Traded Fund
Expense ratio: 0.46% (category 1.18%)
Holdings turnover: 15% (category 104%)
Distribution yield: 0.48%
Beta, 3 years: 0.00
Total net assets: $37.5M

Prices and returns as of 12 Nov 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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