THEQ T. Rowe Price Hedged Equity ETF
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Over the year to Nov 4, 2026, THEQ returned 9.1%, against 14.8% for IWV.
Promise check: DeliveredIn the 52 weeks to Nov 4, 2026, THEQ moved 72.3% as much as the S&P 500 in the 26 weeks it fell.
THEQ risk and return scorecard
vs IWV · Apr 2025 to Oct 2026 · 82 weekly returns · dividend-adjusted
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data
Money in and out
Net fund flows · Nov 3, 2026What you earned
How concentrated, and what does it cost?
More on THEQ
Every number below is on this page. Open what you need.Price, 1 year
$30.36+1.3%1 day, priceClose, Nov 4, 2026
Price only. Total return over the same days, distributions reinvested, was +9.1%. Computed by ETFIQ from Tiingo daily prices.
Source: Tiingo end-of-day prices. Data as of Nov 4, 2026. Updated every trading night. Report a data error
| Window | Total return | Benchmark (IWV) | Gap to IWV | S&P 500 (SPY) |
|---|---|---|---|---|
| 1M Oct 5 – Nov 4, 2026 | −0.3% | −0.8% | +0.5 pts | −1.0% |
| 3M Aug 5 – Nov 4, 2026 | −0.3% | −0.3% | 0.0 pts | −0.1% |
| 6M May 6 – Nov 4, 2026 | +3.0% | +4.9% | −1.9 pts | +5.0% |
| YTD Dec 31, 2025 – Nov 4, 2026 | +8.5% | +13.3% | −4.8 pts | +13.3% |
| 1Y Nov 4, 2025 – Nov 4, 2026 | +9.1% | +14.8% | −5.7 pts | +14.8% |
| Since launch Mar 27, 2025 – Nov 4, 2026 | +22.4% | +36.9% | −14.5 pts | +37.5% |
| Since launch, annualised Mar 27, 2025 – Nov 4, 2026 | +13.4% | – | – | – |
Total returns, distributions reinvested. Listed Mar 2025: no 3 years windows.
Source: Tiingo end-of-day prices, with distributions reinvested.
THEQ in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, THEQ −0.77%.
How much it diversifies a stock portfolio, ranked against 22 equity hedged alternatives ETFs with a full year. 100 is best. How it is computed
THEQ’s weekly returns had a correlation of +0.99 with the S&P 500, and in the weeks the index fell its down-week capture was 72.3%. Over the same 52 weeks it finished 5.3 points ahead of T-bills.
Money in and out
Daily data · as of Nov 3, 2026THEQ: in the 20 trading days to Nov 3, 2026, nothing net moved.
Nov 3, 2026
Oct 28, 2026 to Nov 3, 2026
Jul 1, 2025 to Jun 30, 2026
monthly, from SEC filings
monthly, from SEC filings
THEQ, net flow each trading day over the 65 sessions from Aug 4, 2026 to Nov 3, 2026: money came in on 0 days and went out on 0 days, of the 20 days with daily data; the other 45 have none. Before Oct 7, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.
No money in or out. 45 days missing.
THEQ, net flow each trading day over the 251 sessions from Nov 4, 2025 to Nov 3, 2026: money came in on 0 days and went out on 0 days, of the 20 days with daily data; the other 231 have none. Before Oct 7, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.
No money in or out. 231 days missing.
THEQ, net flow each trading day over the 400 sessions from Apr 2, 2025 to Nov 3, 2026: money came in on 0 days and went out on 0 days, of the 20 days with daily data; the other 380 have none. Before Oct 7, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.
No money in or out. 380 days missing.
Daily data starts Oct 7, 2026.
How this is computed
Computed by ETFIQ from T. Rowe Price’s daily data: each day’s change in shares outstanding times the previous day’s net asset value. Percentages are of net assets at the start of each window. Numbers are net: money in less money out. Every day and month ETFIQ holds for THEQ, back to Jan 2025, is in its flows file. Flows across every fund · How these flows are computed · Compare THEQ with other funds in the flows tool
Every trading day, last 3 months20 days
Most recent first.
Week by week, last year5 weeks
Net flow into THEQ each week, Oct 7, 2026 to Nov 3, 2026, most recent first, each week named by its last trading day with data. Computed by ETFIQ.
Month by month, money in and money outJan 2025 to Nov 2026
THEQ, money in and money out each month from Jan 2025 to Oct 2026: two bars a month, money in above the line and money out below. Bars for Jan 2025 to Jun 2026 are from THEQ’s SEC filings (N-PORT item B.6), and for Oct 2026 ETFIQ’s sums of its days. Jul 2026 to Sep 2026 have no data. Nov 2026 is still in progress, so it is in the list and not drawn. Of the 20 months listed, money came in on net in 9 and went out in 3.
Bars for Jan 2025 to Jun 2026 are from THEQ’s SEC filings (N-PORT item B.6), and for Oct 2026 ETFIQ’s sums of its days. Of the 20 months listed, money came in on net in 9 and went out in 3.
Most recent first.
How this is computed
N-PORT months: money in is sales plus reinvestments; money out is redemptions. Months summed from daily data: money in adds the days money came in; money out adds the days it went out.
N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily data; the Source column names any missing day.
Source: ETFIQ, from the fund’s daily share counts and net asset values, and its SEC N-PORT filings. Data as of Nov 3, 2026. Last checked Nov 5, 2026.
THEQ key stats
Trading
as of Nov 3, 2026
Liquid: trades at a typical spread of 0.1642%.
THEQ for holders outside the US
How much does it diversify a stock portfolio?
9.1% of the 22 sit at or above THEQ on this measure.
29.5% of the 22 sit at or above THEQ on this measure.
Weighted evenly, those two positions are what the score combines, across the 22 equity hedged alternatives ETFs with a full year. Neither spread above is the score: a fund can sit further right on one and score lower.
One year of weekly moves against the S&P 500, within one strategy; it ignores what the fund returned. Where the fund sits in this set, not a rating. Do not average it with another category's score.
| What it measures | This fund | Its percentile | Weight |
|---|---|---|---|
| correlation with the S&P 500 | +0.99 | 9.1 | 50% |
| down-week capture against the S&P 500 | 72.3% | 29.5 | 50% |
About THEQ
12 seats on THEQ, as of Nov 4, 2026: 1 Supports, 1 Mixed, 2 Challenges, 7 Not enough data, 1 Does not apply.
Questions people ask about THEQ
- Does THEQ move with the S&P 500?
- Over the year to Nov 4, 2026, THEQ’s weekly returns had a correlation of +0.99 with the S&P 500’s, on a scale where 1 moves in step, 0 shows no pattern and −1 moves opposite. Its beta was +0.69, so for each 1% the index moved it moved about 0.69% the same way.
- What did THEQ do when stocks fell?
- The S&P 500 fell in 26 of the 52 weeks to Nov 4, 2026, by 1.07% on average. In those weeks THEQ fell 0.77% on average, a down-week capture of 72.3%.
- Did THEQ earn more than cash?
- Over the same 52 weeks THEQ returned +9.0% with distributions reinvested, and BIL, a fund of Treasury bills, returned +3.7%. THEQ finished 5.3 percentage points ahead of it.
- What does THEQ cost?
- The prospectus expense ratio is 0.46% a year.
- Why is THEQ listed as hedged equity?
- ETFIQ files each fund by what its own prospectus says it does, and THEQ’s, filed Feb 25, 2026, describes a hedged equity fund.
Links are sources, not endorsements.
Cite this pageCitation, APA and Markdown
ETFIQ, THEQ, alternatives ETFs, data as of Nov 4, 2026. https://etfiq.com/funds/theq
ETFIQ. (Nov 4, 2026). THEQ, alternatives ETFs. Retrieved from https://etfiq.com/funds/theq
[THEQ, alternatives ETFs (ETFIQ, Nov 4, 2026)](https://etfiq.com/funds/theq)
The down-week bars for THEQ, redrawn every trading night.
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.
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<figure style="margin:0;max-width:640px">
<iframe src="https://etfiq.com/embed/alternatives/theq/" title="THEQ: THEQ in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, THEQ −0.77%." width="640" height="334" loading="lazy" style="border:0;max-width:100%;width:100%"></iframe>
<figcaption style="font:13px/1.5 sans-serif">THEQ: THEQ in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, THEQ −0.77%. Data: <a href="https://etfiq.com/funds/theq">ETFIQ</a></figcaption>
</figure>The day's ETF flows, a comparison and one number. Every trading morning. About the Daily
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