T. Rowe Price’s TTEQ Posts 29.66% Year-to-Date Gain

T. Rowe Price’s active Technology ETF TTEQ returned 29.66% year-to-date, compared with a 24.6% gain for the Vanguard Information Technology ETF, according to YCharts data.

YCharts data shows TTEQ also outperformed VGT over the past 12 months. Gains for AI-related stocks have been a primary driver of returns in technology-focused funds this year.

TTEQ is managed using fundamental research and a focus on innovation across sectors. The fund seeks companies that apply AI to products, operations or services rather than only firms that develop AI models.

As an actively managed ETF, TTEQ can adjust holdings and overweight companies its managers view as strong performers. The fund has moved beyond the largest megacap names in passive benchmarks and held a private investment in OpenAI last year before the company explored a possible initial public offering.

Market participants have noted that AI-driven gains have concentrated returns in parts of the technology sector and raised valuation questions for some stocks. Fund managers describe their process as aiming to identify companies with durable business changes from AI adoption.

Compared with passive technology ETFs, TTEQ can change exposure quickly and include niche or private-market positions that some passive funds do not hold. The ETF structure provides intraday trading and certain tax features alongside active stock selection.

TTEQ’s year-to-date performance combines those elements during a period of strong interest in artificial intelligence; sector concentration has been a continuing topic in market discussions.