Summary
T. Rowe Price U.S. Equity Research ETF is an ETF - a fund traded on an exchange like a stock - run by T. Rowe. Positions inside: 329. The ten largest make up 40% of the fund.
- Yearly costs
- 0.34%
- Fund size
- $4.61B
- Positions
- 329
- Dividend yield
- 0.56%
- Running since
- 2021
What speaks for it
- Costs of 0.34% a year are below the middle of comparable funds (0.44%).
- A large fund with $4.61B under management.
- Easy to buy and sell: about $21.5M changes hands a day.
- Average yearly growth over the last five years: 12%.
What to watch
- 41% of the fund is in one sector (Technology).
- 97% of the fund is in one country (United States).
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -1.6%
- 3 months
- +2.5%
- This year
- +12%
- 1 year
- +12%
- 3 years
- +83%
- 5 years
- +77%
- Avg. market cap
- $2.45T
- P/E
- 26.3x
- Forward P/E
- 23.3x
- P/S
- 6.0x
- P/B
- 7.6x
- P/FCF
- 35.0x
- EV/EBITDA
- 19.6x
- Dividend yield
- 0.69%
- ROIC
- 27.9%
- ROE
- 59.8%
- Gross margin
- 59.5%
- Operating margin
- 35.1%
- Net margin
- 33.0%
- Payout ratio
- 18.1%
- Net debt/EBITDA
- 0.5x
- Beta
- 1.00
Weighted average of the 50 largest companies, which make up 67% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Moderately concentrated- 1 NVNvidia NVDA 8.6%
- 2 AAApple AAPL 7.1%
- 3 MSMicrosoft MSFT 5.8%
- 4 AMAmazon AMZN 3.8%
- 5 GOAlphabet GOOG 3.2%
- 6 MEMeta META 2.7%
- 7 GOAlphabet GOOGL 2.5%
- 8 AVBroadcom AVGO 2.5%
- 9 AMAMD AMD 1.9%
- 10 MUMicron MU 1.9%
Positions in the fund: 329. The ten largest make up 40% of it.
Composition as of Oct 18, 2026.
Where is it spread?
One sector dominatesBy sector
- Technology 41%
- Financials 11%
- Communication services 10%
- Healthcare 9.4%
- Consumer cyclical 8.5%
- Other 20%
By country
- United States 97%
- Ireland 1.2%
- United Kingdom 0.8%
- Canada 0.6%
- Other countries 0.7%
By company size
- Mega cap 68%
- Large cap 31%
- Mid cap 1.1%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M.
Largest sector: Technology (41%). Largest country: United States (97%). Largest size group: Mega cap (68%).
What does it cost me?
Cheap- A year from $10,000
- $34.00
- Over 20 years
- $1,666
From every $10,000 invested the fund takes $34.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $1,666.
How has it done?
Growing over the long run- A year on average, 5 years
- +12%
- Deepest drop
- -25%
- Yearly volatility
- 13%
Average yearly growth over the last five years: 12%. Deepest drop in these years: 25% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 0.56%
- Payments a year
- 1
- Last payment
- $0.27
Over the last 12 months it paid $0.27 per share, which is 0.56% of today's price. The last payment was $0.27 on Dec 23, 2025.
Is it easy to buy and sell?
Very easy- Traded a day
- $21.5M
- Shares a day
- 451K
On an average day about $21.5M of the fund changes hands.
How expensive are the companies inside?
Rather expensive- P/E of the companies inside
- 26.3
- Average Bulios Score
- 73 out of 100
Weight by Bulios Fair Price
- Undervalued 8.2%
- Fairly valued 3.2%
- Overvalued 89%
On average the companies inside trade for 26.3 times their yearly profit. By Fair Price, 89% of the rated weight comes out as overvalued.
Counted from its largest companies (50), which make up 67% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Similar funds
Funds that hold much of the same. The overlap says how much of their weight they share with this fund.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
VS VSP.TO Vanguard S&P 500 Index ETF (CAD-hedged) | Canada | 0.08% | $4.47B | +10% | Pays out | 83% |
XY XYLD Global X - S&P 500 Covered Call ETF | United States | 0.60% | $3.41B | +3.8% | Pays out | 82% |
XR XRMI Global X - S&P 500 Risk Managed Income ETF | United States | 0.60% | $49.5M | -3.9% | Pays out | 82% |
VF VFFSX Vanguard 500 Index Fund· mutual fund | - | - | $1.71T | +13% | Pays out | 82% |
VF VFIAX Vanguard 500 Index Fund Admiral Shares· mutual fund | United States | 0.04% | $1.71T | +13% | Pays out | 82% |
VO VOO Vanguard 500 Index Fund | United States | 0.03% | $1.70T | +13% | Pays out | 82% |
