TCAF vs. MTUM ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Capital Appreciation Equity ETF (TCAF) to iShares MSCI USA Momentum Factor ETF (MTUM)

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

$33.84

Average Daily Volume

559,388

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$214.34

Average Daily Volume

835,352

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

Performance

Period	TCAF	MTUM
30 Days	0.89%	2.76%
60 Days	3.04%	6.30%
90 Days	3.87%	8.29%
12 Months	28.26%	42.28%

17 Overlapping Holdings

Symbol	Grade	Weight in TCAF	Weight in MTUM	Overlap
AJG	A	0.62%	0.59%	0.59%
APH	A	0.04%	0.97%	0.04%
AVGO	D	1.39%	4.72%	1.39%
GS	A	0.1%	2.0%	0.1%
ICE	C	1.06%	0.72%	0.72%
KDP	F	0.46%	0.3%	0.3%
KKR	A	0.49%	1.3%	0.49%
KLAC	F	0.12%	0.8%	0.12%
LLY	F	1.5%	3.82%	1.5%
LNT	A	0.12%	0.05%	0.05%
NI	A	1.09%	0.09%	0.09%
NVDA	B	6.12%	5.34%	5.34%
RSG	A	0.44%	0.36%	0.36%
RTX	D	1.47%	2.19%	1.47%
TT	A	0.05%	1.13%	0.05%
TYL	B	0.06%	0.23%	0.06%
VLTO	C	1.49%	0.31%	0.31%

TCAF Overweight 76 Positions Relative to MTUM

Symbol	Grade	Weight
MSFT	D	8.23%
AAPL	C	5.34%
AMZN	C	4.51%
GOOGL	C	3.12%
UNH	B	2.95%
FTV	C	2.71%
DHR	F	2.63%
BDX	F	2.48%
RVTY	F	2.44%
META	D	2.3%
AEE	A	1.91%
ROP	B	1.74%
PTC	B	1.67%
WCN	A	1.64%
CRM	B	1.63%
INTU	B	1.55%
MA	B	1.53%
CNP	A	1.49%
V	A	1.44%
DTE	C	1.31%
LIN	C	1.24%
ABT	B	1.24%
MLM	C	1.2%
IR	B	1.19%
NOC	D	1.18%
MCK	A	1.05%
YUM	D	1.04%
AMD	F	1.02%
MMC	B	0.98%
ADSK	A	0.95%
TMO	F	0.93%
HLT	A	0.92%
CMS	C	0.82%
MCD	D	0.78%
TDY	B	0.71%
AMT	C	0.7%
SCI	B	0.68%
AVTR	F	0.67%
ELV	F	0.67%
ABBV	F	0.67%
HUM	C	0.55%
SBAC	D	0.55%
GEHC	D	0.54%
NXPI	D	0.53%
BIIB	F	0.53%
AUR	C	0.41%
SBUX	A	0.38%
NKE	F	0.36%
EXC	C	0.34%
BKNG	A	0.34%
IEX	C	0.33%
LRCX	F	0.32%
ANSS	B	0.32%
CSX	C	0.28%
MAR	A	0.28%
ARGX	B	0.26%
DLTR	F	0.25%
ACN	B	0.25%
CME	B	0.24%
WTW	B	0.21%
AME	A	0.2%
MS	A	0.2%
SPGI	C	0.2%
CMG	B	0.16%
SYK	B	0.15%
SLB	C	0.15%
MSCI	C	0.14%
DIS	B	0.14%
CDNS	B	0.12%
WEC	A	0.12%
XEL	A	0.11%
VMC	B	0.11%
TW	A	0.1%
INFA	D	0.1%
PNC	B	0.1%
BA	F	0.09%

TCAF Underweight 107 Positions Relative to MTUM

Symbol	Grade	Weight
JPM	A	-5.48%
WMT	A	-4.93%
COST	A	-3.63%
GE	D	-2.96%
PM	B	-2.93%
KO	D	-2.71%
NEE	C	-2.24%
PGR	A	-1.88%
TXN	C	-1.86%
ISRG	A	-1.54%
AXP	A	-1.53%
LMT	D	-1.37%
BSX	A	-1.25%
MMM	D	-1.21%
MO	A	-1.19%
ANET	C	-1.17%
SO	C	-1.15%
CEG	C	-1.12%
TJX	A	-1.09%
C	A	-1.08%
PLTR	B	-1.02%
MSI	B	-1.0%
VRTX	D	-0.95%
CTAS	B	-0.91%
FI	A	-0.9%
CB	C	-0.9%
MSTR	B	-0.89%
DUK	C	-0.88%
WELL	A	-0.84%
VST	A	-0.82%
NEM	D	-0.79%
CL	D	-0.79%
AFL	B	-0.78%
APP	B	-0.74%
HWM	A	-0.73%
TDG	D	-0.7%
MCO	B	-0.7%
VRT	B	-0.63%
WMB	A	-0.63%
TRGP	A	-0.61%
FICO	B	-0.6%
PEG	A	-0.5%
DELL	B	-0.49%
BK	A	-0.48%
IRM	C	-0.48%
HIG	B	-0.46%
PWR	A	-0.43%
GRMN	B	-0.42%
ALL	A	-0.41%
AEP	C	-0.4%
EME	A	-0.38%
DFS	B	-0.38%
DHI	F	-0.37%
ACGL	C	-0.35%
CBRE	B	-0.34%
GDDY	A	-0.34%
TPL	A	-0.33%
WAB	B	-0.33%
AXON	A	-0.32%
VTR	B	-0.31%
NTAP	C	-0.31%
PHM	D	-0.31%
ALNY	D	-0.3%
AVB	B	-0.29%
RMD	C	-0.29%
K	A	-0.29%
NDAQ	A	-0.28%
LEN	D	-0.28%
NRG	B	-0.27%
BRO	B	-0.27%
EIX	B	-0.26%
EBAY	D	-0.25%
FITB	B	-0.25%
LDOS	C	-0.24%
MPWR	F	-0.24%
LII	A	-0.24%
CSL	C	-0.23%
NVR	D	-0.23%
SW	A	-0.22%
SYF	B	-0.22%
DOV	A	-0.22%
EQR	C	-0.17%
PKG	A	-0.16%
IFF	D	-0.16%
HEI	A	-0.16%
ESS	B	-0.15%
IP	A	-0.15%
HOOD	B	-0.15%
UTHR	C	-0.15%
ERIE	D	-0.13%
HEI	A	-0.12%
MAA	B	-0.12%
UHS	D	-0.11%
CFG	B	-0.11%
DKS	D	-0.1%
DGX	A	-0.09%
FNF	B	-0.08%
AMCR	C	-0.08%
DOC	C	-0.08%
FOXA	A	-0.07%
CPT	B	-0.07%
FOX	A	-0.07%
DVA	C	-0.07%
CHRW	B	-0.06%
ALLY	C	-0.06%
UDR	B	-0.05%
EQH	C	-0.03%