TCAF vs. SEF ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Capital Appreciation Equity ETF (TCAF) to ProShares Short Financials (SEF)

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 ^*

* may have additional holdings in another (foreign) market

SEF

ProShares Short Financials

SEF Description

The investment seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the Dow Jones U.S. FinancialsSM Index. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as the inverse (-1x) of the daily return of the index. The index measures the performance of the financial services sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.22

Average Daily Volume

11,534

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TCAF	SEF
30 Days	1.74%	-7.06%
60 Days	2.92%	-9.74%
90 Days	3.99%	-11.63%
12 Months	28.41%	-26.67%

14 Overlapping Holdings

Symbol	Grade	Weight in TCAF	Weight in SEF	Overlap
AJG	B	0.62%	0.3%	0.3%
AMT	D	0.7%	1.74%	0.7%
CME	A	0.24%	1.25%	0.24%
GS	A	0.1%	1.34%	0.1%
ICE	C	1.06%	0.91%	0.91%
MA	C	1.53%	4.83%	1.53%
MMC	B	0.98%	0.97%	0.97%
MS	A	0.2%	1.19%	0.2%
MSCI	C	0.14%	0.4%	0.14%
PNC	B	0.1%	1.13%	0.1%
SBAC	D	0.55%	0.48%	0.48%
SPGI	C	0.2%	1.22%	0.2%
V	A	1.44%	5.88%	1.44%
WTW	B	0.21%	0.44%	0.21%

TCAF Overweight 79 Positions Relative to SEF

Symbol	Grade	Weight
MSFT	F	8.23%
NVDA	C	6.12%
AAPL	C	5.34%
AMZN	C	4.51%
GOOGL	C	3.12%
UNH	C	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	A	1.67%
WCN	A	1.64%
CRM	B	1.63%
INTU	C	1.55%
LLY	F	1.5%
CNP	B	1.49%
VLTO	D	1.49%
RTX	C	1.47%
AVGO	D	1.39%
DTE	C	1.31%
LIN	D	1.24%
ABT	B	1.24%
MLM	B	1.2%
IR	B	1.19%
NOC	D	1.18%
NI	A	1.09%
MCK	B	1.05%
YUM	B	1.04%
AMD	F	1.02%
ADSK	A	0.95%
TMO	F	0.93%
HLT	A	0.92%
CMS	C	0.82%
MCD	D	0.78%
TDY	B	0.71%
SCI	B	0.68%
AVTR	F	0.67%
ELV	F	0.67%
ABBV	D	0.67%
HUM	C	0.55%
GEHC	F	0.54%
NXPI	D	0.53%
BIIB	F	0.53%
KKR	A	0.49%
KDP	D	0.46%
RSG	A	0.44%
AUR	C	0.41%
SBUX	A	0.38%
NKE	D	0.36%
EXC	C	0.34%
BKNG	A	0.34%
IEX	B	0.33%
LRCX	F	0.32%
ANSS	B	0.32%
CSX	B	0.28%
MAR	B	0.28%
ARGX	A	0.26%
DLTR	F	0.25%
ACN	C	0.25%
AME	A	0.2%
CMG	B	0.16%
SYK	C	0.15%
SLB	C	0.15%
DIS	B	0.14%
CDNS	B	0.12%
LNT	A	0.12%
KLAC	D	0.12%
WEC	A	0.12%
XEL	A	0.11%
VMC	B	0.11%
TW	A	0.1%
INFA	D	0.1%
BA	F	0.09%
TYL	B	0.06%
TT	A	0.05%
APH	A	0.04%

TCAF Underweight 83 Positions Relative to SEF

Symbol	Grade	Weight
BRK.A	B	-7.56%
JPM	A	-7.27%
BAC	A	-4.46%
WFC	A	-3.19%
C	A	-2.98%
AXP	A	-1.49%
USB	A	-1.32%
TFC	A	-1.27%
CB	C	-1.17%
BLK	C	-1.06%
CCI	D	-1.02%
PLD	D	-1.0%
SCHW	B	-0.93%
EQIX	A	-0.84%
AON	A	-0.83%
COF	B	-0.81%
AIG	B	-0.77%
SPG	B	-0.76%
PGR	A	-0.75%
MCO	B	-0.7%
MET	A	-0.69%
BX	A	-0.67%
PRU	A	-0.66%
AFL	B	-0.66%
BK	A	-0.65%
ALL	A	-0.64%
TRV	B	-0.61%
WELL	A	-0.59%
PSA	D	-0.56%
TROW	B	-0.52%
AVB	B	-0.51%
STT	A	-0.5%
EQR	B	-0.48%
DLR	B	-0.44%
DFS	B	-0.44%
O	D	-0.42%
CSGP	D	-0.4%
WY	D	-0.39%
NTRS	A	-0.39%
AMP	A	-0.37%
VTR	C	-0.37%
HIG	B	-0.37%
SYF	B	-0.36%
MTB	A	-0.36%
FITB	A	-0.35%
BXP	D	-0.34%
CBRE	B	-0.34%
ESS	B	-0.34%
ARE	D	-0.32%
KEY	B	-0.32%
ACGL	D	-0.31%
CFG	B	-0.3%
DOC	D	-0.3%
INVH	D	-0.28%
MKL	A	-0.28%
RF	A	-0.27%
CINF	A	-0.27%
HBAN	A	-0.26%
MAA	B	-0.26%
PFG	D	-0.25%
MKTX	D	-0.24%
WPC	D	-0.24%
SUI	D	-0.24%
EXR	D	-0.24%
L	A	-0.23%
NLY	C	-0.23%
UDR	B	-0.23%
HST	C	-0.22%
ELS	C	-0.22%
FNF	B	-0.22%
NDAQ	A	-0.21%
RJF	A	-0.2%
LNC	B	-0.2%
EG	C	-0.19%
MPW	F	-0.19%
ALLY	C	-0.19%
EQH	B	-0.19%
GL	B	-0.18%
FDS	B	-0.18%
REG	B	-0.18%
VNO	B	-0.18%
CPT	B	-0.18%
WRB	A	-0.17%