TCAF vs. IQQQ ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Capital Appreciation Equity ETF (TCAF) to ProShares Nasdaq-100 High Income ETF (IQQQ)

TCAF

T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Capital Appreciation Equity ETF

TCAF Description

The fund normally invests at least 80% of its net assets (including any borrowings for investment purposes) in equity securities. The fund may purchase the stocks of companies of any size, but typically focuses on large U.S. companies. The fund may at times invest significantly in certain sectors, including the information technology and healthcare sectors. It is non-diversified.

Grade (RS Rating)

Last Trade

$33.89

Average Daily Volume

565,915

Number of Holdings ^*

93

* may have additional holdings in another (foreign) market

IQQQ

ProShares Nasdaq-100 High Income ETF

IQQQ Description

The index is designed to replicate the performance of an investment strategy that combines a long position in the Nasdaq-100 Index with a short position in Nasdaq-100 Index call options. Under normal circumstances, the fund will invest at least 80% of its total assets in component securities of the index or in instruments with similar economic characteristics. The fund is non-diversified. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$42.90

Average Daily Volume

51,106

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	TCAF	IQQQ
30 Days	1.74%	3.29%
60 Days	2.92%	4.67%
90 Days	3.99%	5.98%
12 Months	28.41%

26 Overlapping Holdings

	Symbol	Grade	Weight in TCAF	Weight in IQQQ	Overlap
	AAPL	C	5.34%	8.01%	5.34%
	ADSK	A	0.95%	0.39%	0.39%
	AMD	F	1.02%	1.32%	1.02%
	AMZN	C	4.51%	4.9%	4.51%
	ANSS	B	0.32%	0.18%	0.18%
	AVGO	D	1.39%	4.5%	1.39%
	BIIB	F	0.53%	0.14%	0.14%
	BKNG	A	0.34%	1.0%	0.34%
	CDNS	B	0.12%	0.49%	0.12%
	CSX	B	0.28%	0.4%	0.28%
	EXC	C	0.34%	0.23%	0.23%
	GEHC	F	0.54%	0.23%	0.23%
	GOOGL	C	3.12%	2.37%	2.37%
	INTU	C	1.55%	1.08%	1.08%
	KDP	D	0.46%	0.26%	0.26%
	KLAC	D	0.12%	0.49%	0.12%
	LIN	D	1.24%	1.28%	1.24%
	LRCX	F	0.32%	0.54%	0.32%
	MAR	B	0.28%	0.47%	0.28%
	META	D	2.3%	4.52%	2.3%
	MSFT	F	8.23%	7.11%	7.11%
	NVDA	C	6.12%	8.24%	6.12%
	NXPI	D	0.53%	0.33%	0.33%
	ROP	B	1.74%	0.35%	0.35%
	SBUX	A	0.38%	0.66%	0.38%
	XEL	A	0.11%	0.23%	0.11%

TCAF Overweight 67 Positions Relative to IQQQ

	Symbol	Grade	Weight
	UNH	C	2.95%
	FTV	C	2.71%
	DHR	F	2.63%
	BDX	F	2.48%
	RVTY	F	2.44%
	AEE	A	1.91%
	PTC	A	1.67%
	WCN	A	1.64%
	CRM	B	1.63%
	MA	C	1.53%
	LLY	F	1.5%
	CNP	B	1.49%
	VLTO	D	1.49%
	RTX	C	1.47%
	V	A	1.44%
	DTE	C	1.31%
	ABT	B	1.24%
	MLM	B	1.2%
	IR	B	1.19%
	NOC	D	1.18%
	NI	A	1.09%
	ICE	C	1.06%
	MCK	B	1.05%
	YUM	B	1.04%
	MMC	B	0.98%
	TMO	F	0.93%
	HLT	A	0.92%
	CMS	C	0.82%
	MCD	D	0.78%
	TDY	B	0.71%
	AMT	D	0.7%
	SCI	B	0.68%
	AVTR	F	0.67%
	ELV	F	0.67%
	ABBV	D	0.67%
	AJG	B	0.62%
	HUM	C	0.55%
	SBAC	D	0.55%
	KKR	A	0.49%
	RSG	A	0.44%
	AUR	C	0.41%
	NKE	D	0.36%
	IEX	B	0.33%
	ARGX	A	0.26%
	DLTR	F	0.25%
	ACN	C	0.25%
	CME	A	0.24%
	WTW	B	0.21%
	AME	A	0.2%
	MS	A	0.2%
	SPGI	C	0.2%
	CMG	B	0.16%
	SYK	C	0.15%
	SLB	C	0.15%
	MSCI	C	0.14%
	DIS	B	0.14%
	LNT	A	0.12%
	WEC	A	0.12%
	VMC	B	0.11%
	TW	A	0.1%
	INFA	D	0.1%
	GS	A	0.1%
	PNC	B	0.1%
	BA	F	0.09%
	TYL	B	0.06%
	TT	A	0.05%
	APH	A	0.04%

TCAF Underweight 75 Positions Relative to IQQQ

	Symbol	Grade	Weight
	TSLA	B	-3.81%
	COST	B	-2.45%
	GOOG	C	-2.28%
	NFLX	A	-2.25%
	TMUS	B	-1.63%
	CSCO	B	-1.38%
	ADBE	C	-1.32%
	PEP	F	-1.3%
	ISRG	A	-1.14%
	TXN	C	-1.08%
	QCOM	F	-1.02%
	CMCSA	B	-0.99%
	AMGN	D	-0.92%
	HON	B	-0.88%
	AMAT	F	-0.84%
	PANW	C	-0.76%
	ADP	B	-0.72%
	VRTX	F	-0.69%
	GILD	C	-0.66%
	MU	D	-0.65%
	ADI	D	-0.62%
	INTC	D	-0.61%
	MELI	D	-0.58%
	APP	B	-0.57%
	PYPL	B	-0.52%
	CTAS	B	-0.52%
	MDLZ	F	-0.51%
	SNPS	B	-0.49%
	REGN	F	-0.48%
	CRWD	B	-0.48%
	PDD	F	-0.46%
	MRVL	B	-0.46%
	CEG	D	-0.44%
	FTNT	C	-0.42%
	ORLY	B	-0.41%
	DASH	A	-0.39%
	ASML	F	-0.37%
	ABNB	C	-0.35%
	PCAR	B	-0.34%
	WDAY	B	-0.33%
	TTD	B	-0.33%
	CHTR	C	-0.33%
	CPRT	A	-0.32%
	FANG	D	-0.32%
	AEP	D	-0.31%
	MNST	C	-0.31%
	PAYX	C	-0.3%
	ROST	C	-0.28%
	FAST	B	-0.28%
	ODFL	B	-0.27%
	BKR	B	-0.26%
	EA	A	-0.26%
	DDOG	A	-0.25%
	VRSK	A	-0.24%
	CTSH	B	-0.23%
	TEAM	A	-0.23%
	LULU	C	-0.22%
	AZN	D	-0.22%
	KHC	F	-0.22%
	CCEP	C	-0.21%
	MCHP	D	-0.21%
	IDXX	F	-0.2%
	CSGP	D	-0.19%
	TTWO	A	-0.19%
	DXCM	D	-0.18%
	ZS	C	-0.18%
	ON	D	-0.17%
	WBD	C	-0.15%
	GFS	C	-0.14%
	CDW	F	-0.14%
	MDB	C	-0.12%
	ILMN	D	-0.12%
	ARM	D	-0.1%
	SMCI	F	-0.09%
	MRNA	F	-0.08%

TCAF: Top Represented Industries & Keywords

Industries: Software - Application Utilities - Regulated Electric Capital Markets Diversified Industrials Restaurants Semiconductors Aerospace & Defense Diagnostics & Research Drug Manufacturers - Major Health Care Plans Insurance Brokers Building Materials Credit Services Financial Data & Stock Exchanges Information Technology Services Internet Content & Information Lodging Medical Devices Scientific & Technical Instruments Semiconductor Equipment & Materials

Keywords: S&P 500 Nasdaq 100 Dow Jones Component Natural Gas Electricity Computing Electronics Aerospace Semiconductor Software Electric Utility Mobile Devices Risk Management Smartphones Cancer Chemical Hyperscale Integrated Circuits Investment Bank Medicine

IQQQ: Top Represented Industries & Keywords

Industries: Software - Application Semiconductors Beverages - Soft Drinks Business Services Drug Manufacturers - Major Semiconductor Equipment & Materials Specialty Retail Biotechnology Diagnostics & Research Internet Content & Information Software - Infrastructure Apparel Stores Diversified Industrials Electronic Gaming & Multimedia Information Technology Services Internet Content & Information Pay TV Utilities - Regulated Electric Auto & Truck Dealerships Auto Manufacturers

Keywords: Nasdaq 100 S&P 500 Computing Integrated Circuits Semiconductor Mobile Devices Work From Home Smartphones Dow Jones Component Software Cloud Computing Electronics Fabless Semiconductor Companies Electronic Design Medicine Natural Gas Power Management Cloud Infrastructure Electricity Ethernet