MTUM vs. TVAL ETF Comparison

Comparison of iShares MSCI USA Momentum Factor ETF (MTUM) to T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF (TVAL)

MTUM

iShares MSCI USA Momentum Factor ETF

MTUM Description

The investment seeks to track the performance of an index that measures the performance of U.S. large- and mid-capitalization stocks exhibiting relatively higher momentum characteristics, before fees and expenses. The fund generally invests at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The MSCI USA Momentum Index (the "underlying index") consists of stocks exhibiting relatively higher momentum characteristics than the traditional market capitalization-weighted parent index, the MSCI USA Index, which includes U.S. large- and mid-capitalization stocks.

Grade (RS Rating)

Last Trade

$214.91

Average Daily Volume

840,198

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

TVAL

T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF

TVAL Description

The fund will invest primarily in U.S. equity securities. In taking a value approach to investment selection, the adviser seeks to identify companies that appear to be undervalued by various measures, and may be temporarily out of favor, but have good prospects for capital appreciation. Some of the principal measures used to identify such stocks are: price/earnings ratio, price/book value ratio, price/sales ratio, dividend yield, price/cash flow, undervalued assets, and restructuring opportunities. The fund may purchase the stocks of companies of any size, but typically focuses on larger companies.

Grade (RS Rating)

Last Trade

$33.11

Average Daily Volume

13,066

Number of Holdings ^*

144

* may have additional holdings in another (foreign) market

Performance

Period	MTUM	TVAL
30 Days	3.53%	2.98%
60 Days	6.25%	4.22%
90 Days	8.85%	5.88%
12 Months	43.02%	29.14%

32 Overlapping Holdings

Symbol	Grade	Weight in MTUM	Weight in TVAL	Overlap
ALL	A	0.41%	0.39%	0.39%
AVB	B	0.29%	1.22%	0.29%
AXP	A	1.53%	0.26%	0.26%
C	A	1.08%	0.81%	0.81%
CB	C	0.9%	2.23%	0.9%
CL	D	0.79%	0.84%	0.79%
EQH	B	0.03%	1.0%	0.03%
FI	A	0.9%	1.53%	0.9%
FITB	A	0.25%	0.77%	0.25%
GE	D	2.96%	1.21%	1.21%
HIG	B	0.46%	1.96%	0.46%
HWM	A	0.73%	0.48%	0.48%
IP	B	0.15%	0.64%	0.15%
JPM	A	5.48%	1.23%	1.23%
KDP	D	0.3%	0.4%	0.3%
KO	D	2.71%	0.72%	0.72%
LEN	D	0.28%	0.42%	0.28%
LLY	F	3.82%	1.19%	1.19%
MSI	B	1.0%	0.34%	0.34%
NEE	D	2.24%	0.59%	0.59%
PGR	A	1.88%	0.48%	0.48%
PM	B	2.93%	1.41%	1.41%
RSG	A	0.36%	0.62%	0.36%
SO	D	1.15%	1.67%	1.15%
TDG	D	0.7%	0.46%	0.46%
TJX	A	1.09%	0.29%	0.29%
TT	A	1.13%	0.31%	0.31%
TXN	C	1.86%	0.7%	0.7%
VRTX	F	0.95%	0.29%	0.29%
VST	B	0.82%	0.74%	0.74%
WMB	A	0.63%	0.46%	0.46%
WMT	A	4.93%	1.89%	1.89%

MTUM Overweight 92 Positions Relative to TVAL

Symbol	Grade	Weight
NVDA	C	5.34%
AVGO	D	4.72%
COST	B	3.63%
RTX	C	2.19%
GS	A	2.0%
ISRG	A	1.54%
LMT	D	1.37%
KKR	A	1.3%
BSX	B	1.25%
MMM	D	1.21%
MO	A	1.19%
ANET	C	1.17%
CEG	D	1.12%
PLTR	B	1.02%
APH	A	0.97%
CTAS	B	0.91%
MSTR	C	0.89%
DUK	C	0.88%
WELL	A	0.84%
KLAC	D	0.8%
NEM	D	0.79%
AFL	B	0.78%
APP	B	0.74%
ICE	C	0.72%
MCO	B	0.7%
VRT	B	0.63%
TRGP	B	0.61%
FICO	B	0.6%
AJG	B	0.59%
PEG	A	0.5%
DELL	C	0.49%
BK	A	0.48%
IRM	D	0.48%
PWR	A	0.43%
GRMN	B	0.42%
AEP	D	0.4%
EME	C	0.38%
DFS	B	0.38%
DHI	D	0.37%
ACGL	D	0.35%
CBRE	B	0.34%
GDDY	A	0.34%
TPL	A	0.33%
WAB	B	0.33%
AXON	A	0.32%
VTR	C	0.31%
NTAP	C	0.31%
VLTO	D	0.31%
PHM	D	0.31%
ALNY	D	0.3%
RMD	C	0.29%
K	A	0.29%
NDAQ	A	0.28%
NRG	B	0.27%
BRO	B	0.27%
EIX	B	0.26%
EBAY	D	0.25%
LDOS	C	0.24%
MPWR	F	0.24%
LII	A	0.24%
TYL	B	0.23%
CSL	C	0.23%
NVR	D	0.23%
SW	A	0.22%
SYF	B	0.22%
DOV	A	0.22%
EQR	B	0.17%
PKG	A	0.16%
IFF	D	0.16%
HEI	B	0.16%
ESS	B	0.15%
HOOD	B	0.15%
UTHR	C	0.15%
ERIE	D	0.13%
HEI	B	0.12%
MAA	B	0.12%
UHS	D	0.11%
CFG	B	0.11%
DKS	C	0.1%
DGX	A	0.09%
NI	A	0.09%
FNF	B	0.08%
AMCR	D	0.08%
DOC	D	0.08%
FOXA	B	0.07%
CPT	B	0.07%
FOX	A	0.07%
DVA	B	0.07%
CHRW	C	0.06%
ALLY	C	0.06%
UDR	B	0.05%
LNT	A	0.05%

MTUM Underweight 112 Positions Relative to TVAL

Symbol	Grade	Weight
XOM	B	-2.56%
UNH	C	-1.9%
BAC	A	-1.89%
JNJ	D	-1.82%
ELV	F	-1.81%
WFC	A	-1.77%
KVUE	A	-1.49%
LHX	C	-1.36%
COP	C	-1.25%
TMO	F	-1.12%
SWK	D	-1.1%
CMI	A	-1.09%
QCOM	F	-1.08%
BDX	F	-1.01%
GOOG	C	-0.95%
SCHW	B	-0.89%
TMUS	B	-0.88%
WY	D	-0.88%
META	D	-0.87%
AIG	B	-0.87%
CI	F	-0.87%
ZBH	C	-0.85%
EOG	A	-0.82%
MCK	B	-0.8%
MRK	F	-0.8%
NWSA	B	-0.75%
NSC	B	-0.74%
CVX	A	-0.73%
LIN	D	-0.73%
PG	A	-0.72%
HUBB	B	-0.7%
ACN	C	-0.7%
GEV	B	-0.7%
TTE	F	-0.7%
HON	B	-0.68%
SRE	A	-0.68%
MMC	B	-0.67%
KMB	D	-0.66%
MSFT	F	-0.65%
AEE	A	-0.65%
DHR	F	-0.65%
HD	A	-0.63%
WDC	D	-0.6%
VZ	C	-0.58%
USB	A	-0.56%
BA	F	-0.56%
MS	A	-0.56%
D	C	-0.55%
AZO	C	-0.52%
RPM	A	-0.52%
ROK	B	-0.52%
CF	B	-0.52%
BAX	D	-0.5%
CSX	B	-0.49%
REXR	F	-0.48%
AZN	D	-0.47%
MAR	B	-0.47%
CMCSA	B	-0.46%
EQT	B	-0.46%
MCD	D	-0.46%
APO	B	-0.46%
HBAN	A	-0.45%
ARES	A	-0.45%
MU	D	-0.45%
HCA	F	-0.45%
PSA	D	-0.44%
BLK	C	-0.43%
FANG	D	-0.43%
MDLZ	F	-0.43%
REGN	F	-0.42%
UNP	C	-0.42%
CPAY	A	-0.42%
LVS	C	-0.41%
LAMR	D	-0.4%
CAG	D	-0.4%
TSM	B	-0.39%
AMAT	F	-0.38%
ABBV	D	-0.36%
YUM	B	-0.36%
BKR	B	-0.35%
KEYS	A	-0.35%
ADI	D	-0.35%
PLD	D	-0.34%
EFX	F	-0.33%
A	D	-0.33%
COF	B	-0.33%
STLD	B	-0.32%
UAL	A	-0.31%
AME	A	-0.31%
OTIS	C	-0.3%
CAT	B	-0.3%
ROP	B	-0.29%
MOH	F	-0.28%
UPS	C	-0.28%
CARR	D	-0.27%
MCHP	D	-0.27%
SPGI	C	-0.26%
CDW	F	-0.25%
MGM	D	-0.24%
ZTS	D	-0.23%
CVS	D	-0.23%
CME	A	-0.23%
HAL	C	-0.22%
VMC	B	-0.22%
AMD	F	-0.22%
MET	A	-0.22%
BHP	F	-0.2%
DIS	B	-0.2%
AVY	D	-0.19%
SNY	F	-0.19%
DTE	C	-0.17%
EQIX	A	-0.16%