ETF Evaluator:
T. Rowe Price Blue Chip Growth ETF (TCHP)
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(as of Jul 31)
Best Performing in Large Growth Over the Last Year
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ETF Details
T. Rowe Price Blue Chip Growth ETF Overview
T. Rowe Price Blue Chip Growth ETF (TCHP) is an actively managed U.S. Equity Large Growth exchange-traded fund (ETF). T. Rowe Price launched the ETF in 2020.
The investment seeks to provide long-term capital growth; income is a secondary objective.
The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in securities of blue-chip companies with growth characteristics. Blue chip growth companies are firms that, in the investment adviser's view, are well established in their industries and have the potential for above-average earnings growth. It focuses on companies with leading market positions, seasoned management, and strong financial fundamentals. The fund is non-diversified.
About T. Rowe Price Blue Chip Growth ETF (TCHP)
There are 1 members of the management team with an average tenure of 4.75 years: Paul Greene (2021). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and S&P 500 (TR) (1970) index with a weighting of 100%. T. Rowe Price Blue Chip Growth ETF has 61 securities in its portfolio. The top 10 holdings constitute 68.3% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
T. Rowe Price Blue Chip Growth ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. T. Rowe Price Blue Chip Growth ETF has 4.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 95.0% There is 4.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). T. Rowe Price Blue Chip Growth ETF has 0.6% of the portfolio in cash.
Assets Under Management
The fund has $2 billion in total assets, which is below the $8 billion average for the Large Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
TCHP Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The T. Rowe Price Blue Chip Growth ETF expense ratio is average compared to funds in the Large Growth category. T. Rowe Price Blue Chip Growth ETF has an expense ratio of 0.57%, which is 15% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. T. Rowe Price Blue Chip Growth ETF has a portfolio turnover rate of 15%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 74% for the Large Growth category.
Recently, in the month of June 2026, T. Rowe Price Blue Chip Growth ETF returned -4.9%, which earned it a grade of F, as the Large Growth category had an average return of -0.6%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
T. Rowe Price Blue Chip Growth ETF has a trailing yield of 0.00%, which is below the 0.47% category average.
The fund normally distributes its income annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
T. Rowe Price Blue Chip Growth ETF Grades
Year to date, the ETF has returned 0.5%, 10.4 percentage points worse than the category, which translates into a grade of F. The fund has returned 10.6% over the past year (grade of D), 21.6% over the past three years (grade of D) and 9.7% per year over the past five years (grade of D).
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TCHP Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| TCHP Return (NAV) | -4.9% | 13.5% | 10.6% | 21.6% | 9.7% | na |
| TCHP Return (Price) | -5.1% | 13.4% | 10.5% | 21.6% | 9.6% | na |
| NAV +/- Price Return | 0.179% | 0.106% | 0.100% | -0.008% | 0.016% | na |
| Large Growth Avg | -0.6% | 20.4% | 20.8% | 22.9% | 11.4% | 16.7% |
| TCHP Grade (NAV) | F | F | D | D | D | na |
| +/- Category (NAV) | -4.3% | -6.9% | -10.2% | -1.4% | -1.7% | na |
| TCHP Tax-Cost Ratio | na | na | 0.0% | 0.0% | 0.0% | na |
TCHP Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| TCHP Return (NAV) | 0.5% | 18.6% | 35.9% | 50.1% | -37.9% | 18.2% | na | na | na | na | na |
| TCHP Return (Price) | 0.5% | 18.4% | 36.1% | 50.1% | -37.8% | 18.1% | na | na | na | na | na |
| NAV +/- Price Ret | -0.116% | -0.010% | 0.005% | 0.000% | -0.002% | -0.004% | na | na | na | na | na |
| Large Growth Avg | 10.9% | 16.8% | 30.4% | 38.6% | -30.8% | 21.3% | 37.6% | 33.1% | -2.0% | 28.2% | 5.0% |
| TCHP Grade (NAV) | F | B | A | A | F | D | na | na | na | na | na |
| +/- Category | -10.4% | 1.8% | 5.5% | 11.5% | -7.1% | -3.2% | na | na | na | na | na |
| Risk Measures | |
| Beta: | 1.21 |
| R-Squared: | 86% |
| Standard Deviation: | 17.0% |
| Category Risk Index: | 0.94 |
| Category Risk Rating: | Average |
| Total Risk Index: | 1.40 |
| Total Risk Rating: | Above Average |
| Portfolio Characteristics | |
| Yield: | 0.0% |
| Total Assets: | $ 2,164 Mil |
| Share Class Assets: | $ 2,164 Mil |
| Turnover: | 15.8% |
| Expense Ratio: | 0.57% |
| Index Fund: | No |
| Index Tracked: | Russell 3000 TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 4.8 years | |||
| Average Tenure: 4.8 years | |||
| Managers (Year): Greene Paul (2021) | |||
Portfolio Composition (as of 4/30/26)
| # of Holdings: | 61 |
| % in Top 10 Holdings: | 68.3% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 4.3% |
Portfolio Allocation |
|
| Domestic Stock: | 95.0% |
| Foreign Stock: | 4.3% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.6% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | T. Rowe Price |
| Phone Number: | 800-638-5660 |
| Website: | |
| Inception Date: | August 4, 2020 |
Expenses and Fees
| Expense Ratio (%): | 0.57% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.50% |
