T. Rowe Price US Equity Research ETF

TSPA

Market cap $4.13B

Small-cap stocks remain the cheapest corner of the U.S. market. That's true even after posting their best first-half performance in more than three decades, according to Morningstar's Q3 2026 stock market outlook.

The active ETF landscape has become an ever-larger part of the ETF ecosystem. Leveraging fundamental research and increasingly competing for core and core-plus assets, active ETFs have picked up major inflows and helped accelerate ETF launches in recent years.

The active ETF space offers some notable advantages over passively managed index ETFs. Many investors look to S&P 500 ETF strategies as key building blocks in their portfolios.

The T. Rowe Price U.S. Equity Research ETF (TSPA) just wrapped up a very healthy month. The active ETF, which celebrates its fifth year of operation in June, added more than half a billion in net inflows in May.

The pace of innovation in the ETF industry is hitting breakneck speeds. We have already seen more than 450 new launches in 2026, part of a massive wave of fresh products testing the waters.

The active ETF landscape has become a key part of the overall fund space in recent years. Active ETFs have pulled in outsize flows relative to their AUMs, with active driving much of the ETF launches in recent years.

The T. Rowe Price U.S. Equity Research ETF (TSPA) holds five stocks Morningstar identified as the best-performing names tied to AI infrastructure in 2026, positioning the fund to capture the boom in hardware and storage driving data center buildouts. Key Takeaways: TSPA holds five stocks Morningstar identified as top AI infrastructure performers in 2026.

TSPA hits a 52-week high, surging 32% from its low, fueled by AI-driven tech gains and energy sector strength.

Wall Street analysts are betting on a strong year ahead for stocks, with their company-by-company research pointing to a 29% price increase for the S&P 500 over the next 12 months. Key Takeaways TSPA uses analyst ratings to select stocks while matching S&P 500 sector weights.

Most hedged equity ETFs wrap passive index exposure in options collars to manage risk, but T. Rowe Price Asset Management's new offering takes a different route by building its strategy around an actively managed stock fund.