T. Rowe Price US Equity Research ETF

TSPA

Market cap $1.99B

Second quarter earnings season kicked off with an impressive showing from banks, coupled with a mostly in-line inflation print for June. However, stress fractures could be spreading across tariff-sensitive goods sectors, while U.S. tariff rates remain unpredictable and volatile.

In a sea of active ETF launches and active strategies, T. Rowe Price's ETF suite continues to prove popular with investors.

With U.S. tariff impacts becoming more apparent this summer, T. Rowe Price looks to opportunities, risks, and trends in the back half of the year.

Hedged equity strategies offer valuable drawdown mitigation, a boon in the volatile market environment of 2025. While sharp market declines create pain for equity portfolios, the impact is often magnified for those investors near or beginning retirement.

This year's market environment remains a favorable one for active ETFs, with approximately 40% of flows funneling into the strategies year-to-date. As investors increasingly look beyond benchmark constraints for opportunity, T.

TSPA closely mirrors the S&P 500 with minimal differentiation, making its higher 0.34% expense ratio hard to justify over cheaper passive alternatives. Despite active management, TSPA's returns and risk metrics are nearly identical to SPY, offering little added value or alpha for investors. The fund's short track record and lack of outperformance suggest waiting before considering it as a core holding in a portfolio.

New York, New York--(Newsfile Corp. - June 10, 2025) - Karrie Gordon is pleased to announce the publication of her article "Active ETFs Gain Further Momentum in 2025" on the VettaFi Active ETF Channel. This article delves into the continued growth of actively managed ETFs, highlighting their increasing market share and investor demand in a dynamic market environment, as revealed by Track Insight's 2025 Global ETF Survey.

Increasing investor preference for actively managed strategies continues in this year's tumultuous environment. With active ETFs taking increasing market share, advisors and investors have ever-expanding choices when looking to augment existing passive exposures.

Trade war tensions, sinking consumer sentiment, and the unpredictability of U.S. policy reforms weigh heavily on markets moving into the summer months. Advisors and investors looking to put the benefits of active management research and expertise to work within the S&P 500 would do well to consider the T.

Wednesday brought another round of market sell-offs as stocks plummeted and bond yields rose. Newly developing as well as ongoing risks create heightened uncertainty for investors.