TNXT - ETF AI Analysis
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T. Rowe Price Innovation Leaders ETF (TNXT)
Rating:69Neutral
Price Target:―
Positive Factors
Strong Top Tech Leaders
The fund’s largest positions include well-known technology leaders that have shown generally strong gains this year, helping drive overall performance.
Innovation-Focused Diversification
Holdings spread across technology, health care, consumer, and financial companies provide exposure to multiple innovative industries rather than just one area.
Solid Year-to-Date Results
The ETF has delivered a strong year-to-date return, suggesting its innovation-focused strategy has recently been rewarded by the market.
Negative Factors
Heavy U.S. Concentration
With the vast majority of assets in U.S. companies, the fund is highly tied to the U.S. market and offers limited geographic diversification.
Sector Concentration in Technology and Health Care
A large portion of the portfolio is in technology and health care stocks, which can make the fund more sensitive to swings in these sectors.
Moderate Expense Ratio
The fund’s expense ratio is not especially low for an ETF, meaning fees could eat into returns compared with cheaper index alternatives.
TNXT vs. SPDR S&P 500 ETF (SPY)
AUM19.17M
RegionDeveloped Markets
Expense Ratio0.49%
Beta1.32
IssuerT. Rowe Price
Inception DateJan 28, 2026
Dividend YieldN/A
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume1,126
30 Day Avg. Volume695
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
35.97Price Target Upside― Downside
Rating ConsensusStrong Buy
Number of Analyst Covering274
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
TNXT Summary
TNXT, the T. Rowe Price Innovation Leaders ETF, is an actively managed fund that focuses on companies leading the way in new technologies and business ideas, mainly in the U.S. It doesn’t track a fixed index, but instead looks for innovators across the whole stock market, with a big tilt toward technology and healthcare. Well-known holdings include Nvidia and Apple. Investors might consider TNXT if they want growth potential from companies shaping the future economy. However, because it leans heavily on fast-growing, innovation-focused stocks, its price can be more volatile and may rise or fall more than the overall market.
How much will it cost me?This ETF has an expense ratio of 0.49%, which means you’ll pay about $4.90 per year for every $1,000 invested. That’s higher than the average low-cost index ETF because this fund is actively managed and focuses on specialized innovation leaders, which typically costs more to run.
What would affect this ETF?This ETF is heavily invested in innovative technology and healthcare companies like Nvidia, Apple, and Eli Lilly, so it could benefit if new breakthroughs in areas such as artificial intelligence, cloud computing, and medical treatments continue and if interest rates stabilize or fall, which often supports growth-focused stocks. On the other hand, it could be hurt by higher interest rates, stricter tech or healthcare regulations, slower economic growth in developed markets, or a shift in investor preference away from fast-growing companies toward more defensive or value-oriented sectors.
TNXT Top 10 Holdings
TNXT is riding a powerful Big Tech and AI wave, with Nvidia, AMD, and Broadcom forming the semiconductor engine that’s been mostly rising, though Broadcom has recently lost a bit of spark. Apple and Microsoft add steady, blue-chip tech strength, while Amazon’s mixed, slightly lagging action has been a mild drag. Meta and Alphabet round out a heavy U.S. tech and communication tilt, giving the fund a clear innovation-first identity. Eli Lilly adds a dose of healthcare growth, but overall this ETF is firmly anchored in U.S.-led, future-focused tech leadership.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Nvidia | 7.93% | $1.49M | $5.15T | 24.46% | 76 Outperform | |
| Apple | 5.37% | $1.01M | $4.85T | 41.67% | 79 Outperform | |
| Microsoft | 3.81% | $718.29K | $3.64T | -3.90% | 79 Outperform | |
| Amazon | 3.42% | $645.15K | $2.65T | 8.63% | 71 Outperform | |
| Broadcom | 2.65% | $498.74K | $1.62T | 0.56% | 76 Outperform | |
| Advanced Micro Devices | 2.40% | $452.54K | $836.64B | 245.17% | 73 Outperform | |
| Meta Platforms | 2.40% | $452.46K | $1.72T | -12.55% | 76 Outperform | |
| Alphabet Class A | 2.18% | $410.76K | $4.17T | 37.81% | 85 Outperform | |
| Alphabet Class C | 1.98% | $372.96K | $4.17T | 34.65% | 82 Outperform | |
| Eli Lilly & Co | 1.73% | $325.42K | $1.07T | 51.05% | 72 Outperform |
TNXT Technical Analysis
Positive
―
Price Trends
28.03
Positive
27.45
Positive
Market Momentum
0.03
Positive
53.56
Neutral
43.65
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For TNXT, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 28.42, equal to the 50-day MA of 28.03, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of 0.03 indicates Positive momentum. The RSI at 53.56 is Neutral, neither overbought nor oversold. The STOCH value of 43.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TNXT.
TNXT Peer Comparison
Comparison Results
Performance Comparison
TNXT
T. Rowe Price Innovation Leaders ETF
28.46
3.95
16.12%
GDIV
Harbor Dividend Growth Leaders ETF
―
―
―
QUIZ
Zacks Quality International ETF
―
―
―
KNO
AXS Knowledge Leaders ETF
―
―
―
RW
Rainwater Equity ETF
―
―
―
HDMV
First Trust Horizon Managed Volatility Developed Intl ETF
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―
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
DisclaimerThis AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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