QUAL vs. TEQI ETF Comparison

Comparison of iShares MSCI USA Quality Factor ETF (QUAL) to T. Rowe Price Equity Income ETF (TEQI)

QUAL

iShares MSCI USA Quality Factor ETF

QUAL Description

The investment seeks to track the investment results of an index composed of U.S. large- and mid-capitalization stocks with quality characteristics as identified through certain fundamental metrics. The fund seeks to track the investment results of the MSCI USA Quality Index (the "underlying index"), which is based on a traditional market capitalization-weighted parent index, the MSCI USA Index, which includes U.S. large- and mid-capitalization stocks. It 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 fund is non-diversified.

Grade (RS Rating)

Last Trade

$182.75

Average Daily Volume

893,947

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

TEQI

T. Rowe Price Equity Income ETF

TEQI Description

The investment seeks a high level of dividend income and long-term capital growth. The fund will normally invest at least 80% of its assets in common stocks listed in the United States, with an emphasis on large-capitalization stocks that have a strong track record of paying dividends or that are believed to be undervalued (or futures that have similar economic characteristics). It typically employs a value approach in selecting investments. The fund's in-house research team seeks companies that appear to be undervalued by various measures and may be temporarily out of favor but have good prospects for capital appreciation and dividend growth.

Grade (RS Rating)

Last Trade

$43.23

Average Daily Volume

26,680

Number of Holdings ^*

112

* may have additional holdings in another (foreign) market

Performance

Period	QUAL	TEQI
30 Days	1.61%	3.09%
60 Days	2.39%	4.07%
90 Days	3.34%	5.51%
12 Months	30.86%	27.01%

17 Overlapping Holdings

Symbol	Grade	Weight in QUAL	Weight in TEQI	Overlap
ACN	C	1.67%	0.8%	0.8%
AMAT	F	1.17%	1.13%	1.13%
ATO	A	0.4%	0.1%	0.1%
COP	C	1.73%	0.35%	0.35%
CSCO	B	1.74%	0.28%	0.28%
EQR	B	0.18%	1.49%	0.18%
EQT	B	0.22%	0.61%	0.22%
JNJ	D	2.15%	1.17%	1.17%
MMM	D	0.5%	0.34%	0.34%
MSFT	F	4.5%	1.48%	1.48%
QCOM	F	1.15%	1.96%	1.15%
ROK	B	0.22%	0.15%	0.15%
SLB	C	0.89%	0.18%	0.18%
SRE	A	0.93%	0.77%	0.77%
TJX	A	2.03%	0.34%	0.34%
TXN	C	1.34%	0.97%	0.97%
UNH	C	2.81%	1.57%	1.57%

QUAL Overweight 106 Positions Relative to TEQI

Symbol	Grade	Weight
NVDA	C	6.93%
AAPL	C	5.44%
V	A	4.5%
MA	C	4.22%
META	D	4.09%
LLY	F	3.42%
COST	B	2.55%
GOOGL	C	1.77%
ADBE	C	1.76%
NFLX	A	1.76%
ADP	B	1.75%
GOOG	C	1.55%
KO	D	1.43%
NKE	D	1.41%
CAT	B	1.4%
CMG	B	1.26%
LIN	D	1.14%
PEP	F	1.1%
LMT	D	1.08%
BLK	C	0.99%
KLAC	D	0.77%
MMC	B	0.74%
ANET	C	0.73%
ITW	B	0.73%
LRCX	F	0.73%
PLD	D	0.71%
DHI	D	0.7%
PEG	A	0.69%
LULU	C	0.66%
VRTX	F	0.62%
CTAS	B	0.6%
GWW	B	0.59%
CDNS	B	0.58%
TPL	A	0.58%
SHW	A	0.57%
PSA	D	0.55%
MCO	B	0.53%
CME	A	0.52%
NVR	D	0.52%
SNPS	B	0.51%
ZTS	D	0.51%
ED	D	0.5%
APH	A	0.5%
PAYX	C	0.49%
DECK	A	0.49%
GRMN	B	0.48%
TSCO	D	0.43%
PHM	D	0.43%
AFL	B	0.42%
FAST	B	0.42%
APD	A	0.35%
CBRE	B	0.35%
ODFL	B	0.34%
AMP	A	0.33%
ULTA	F	0.31%
IDXX	F	0.3%
WSM	B	0.29%
BBY	D	0.29%
FERG	B	0.28%
ACGL	D	0.26%
CSGP	D	0.26%
AVB	B	0.24%
EW	C	0.24%
POOL	C	0.22%
VLTO	D	0.21%
MNST	C	0.21%
NTAP	C	0.21%
MANH	D	0.2%
EA	A	0.2%
A	D	0.2%
APA	D	0.19%
TROW	B	0.19%
MPWR	F	0.18%
EME	C	0.17%
RMD	C	0.17%
LPLA	A	0.17%
VEEV	C	0.16%
PPG	F	0.15%
HSY	F	0.15%
KEYS	A	0.15%
CBOE	B	0.14%
WAT	B	0.13%
ROL	B	0.12%
WSO	A	0.12%
WST	C	0.12%
FDS	B	0.12%
EXPD	D	0.12%
GGG	B	0.11%
OMC	C	0.1%
PKG	A	0.1%
ERIE	D	0.09%
RS	B	0.09%
MOH	F	0.09%
JKHY	D	0.09%
AVY	D	0.08%
PAYC	B	0.08%
UTHR	C	0.08%
SEIC	B	0.07%
MKTX	D	0.07%
ENPH	F	0.06%
SMCI	F	0.06%
AOS	F	0.06%
AFG	A	0.06%
SOLV	C	0.05%
IPG	D	0.05%
WBA	F	0.03%

QUAL Underweight 95 Positions Relative to TEQI

Symbol	Grade	Weight
ELV	F	-2.3%
SO	D	-2.29%
CB	C	-2.08%
MET	A	-2.06%
GE	D	-2.05%
WFC	A	-2.02%
TTE	F	-1.99%
AIG	B	-1.85%
LHX	C	-1.81%
PM	B	-1.75%
CF	B	-1.72%
BDX	F	-1.72%
KVUE	A	-1.68%
KMB	D	-1.63%
SWK	D	-1.62%
XOM	B	-1.61%
NWSA	B	-1.57%
WY	D	-1.54%
SCHW	B	-1.49%
ZBH	C	-1.47%
IP	B	-1.47%
HIG	B	-1.43%
JPM	A	-1.41%
EQH	B	-1.39%
C	A	-1.34%
WMT	A	-1.23%
HBAN	A	-1.22%
D	C	-1.17%
CI	F	-1.13%
FI	A	-1.13%
LVS	C	-1.12%
CVS	D	-1.09%
AEE	A	-1.04%
DIS	B	-1.03%
UPS	C	-1.03%
L	A	-1.01%
USB	A	-0.99%
MDT	D	-0.98%
BA	F	-0.92%
FITB	A	-0.92%
NEE	D	-0.9%
AZN	D	-0.88%
NXPI	D	-0.87%
CAG	D	-0.87%
LUV	C	-0.84%
TSN	B	-0.83%
SNY	F	-0.83%
RYN	D	-0.76%
CL	D	-0.75%
VTRS	A	-0.7%
CMI	A	-0.63%
CMCSA	B	-0.62%
GEV	B	-0.59%
BMY	B	-0.59%
EOG	A	-0.58%
BAC	A	-0.58%
NSC	B	-0.57%
WMB	A	-0.56%
REXR	F	-0.54%
PFE	D	-0.48%
MAT	D	-0.48%
CSX	B	-0.46%
GM	B	-0.41%
MRO	B	-0.4%
TMO	F	-0.37%
VZ	C	-0.35%
MRK	F	-0.34%
INTC	D	-0.34%
KSS	F	-0.33%
HON	B	-0.33%
MS	A	-0.33%
SRCL	C	-0.32%
BKR	B	-0.31%
DG	F	-0.3%
GEHC	F	-0.29%
APO	B	-0.28%
ABBV	D	-0.27%
BIIB	F	-0.27%
NI	A	-0.25%
HES	B	-0.23%
CRM	B	-0.22%
UNP	C	-0.19%
CVX	A	-0.18%
CNC	D	-0.17%
PCG	A	-0.16%
HUM	C	-0.16%
AMD	F	-0.15%
CAH	B	-0.15%
BK	A	-0.15%
T	A	-0.14%
HD	A	-0.12%
MDLZ	F	-0.1%
NWS	B	-0.08%
VNO	B	-0.07%
GS	A	-0.04%