TEQI vs. VLUE ETF Comparison

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

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

VLUE

iShares MSCI USA Value Factor

VLUE Description

The investment seeks to track the performance of MSCI USA Value Weighted Index that measures the performance of U.S. large- and mid-capitalization stocks with value characteristics and relatively lower valuations, 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 Value Weighted Index (the "underlying index") is based on a traditional market capitalization-weighted parent index, the MSCI USA Index, which includes U.S. large- and mid- capitalization stocks.

Grade (RS Rating)

Last Trade

$114.13

Average Daily Volume

324,164

Number of Holdings ^*

148

* may have additional holdings in another (foreign) market

Performance

Period	TEQI	VLUE
30 Days	3.09%	4.45%
60 Days	4.07%	5.68%
90 Days	5.51%	7.63%
12 Months	27.01%	25.66%

41 Overlapping Holdings

Symbol	Grade	Weight in TEQI	Weight in VLUE	Overlap
AIG	B	1.85%	0.5%	0.5%
AMAT	F	1.13%	2.37%	1.13%
ATO	A	0.1%	0.23%	0.1%
BAC	A	0.58%	2.25%	0.58%
BK	A	0.15%	0.47%	0.15%
BMY	B	0.59%	1.55%	0.59%
C	A	1.34%	1.78%	1.34%
CAG	D	0.87%	0.23%	0.23%
CF	B	1.72%	0.16%	0.16%
CI	F	1.13%	1.37%	1.13%
CMI	A	0.63%	0.6%	0.6%
CNC	D	0.17%	0.57%	0.17%
CSCO	B	0.28%	6.43%	0.28%
CVS	D	1.09%	1.46%	1.09%
D	C	1.17%	0.47%	0.47%
ELV	F	2.3%	0.97%	0.97%
EQH	B	1.39%	0.12%	0.12%
EQT	B	0.61%	0.28%	0.28%
FITB	A	0.92%	0.21%	0.21%
GM	B	0.41%	3.6%	0.41%
GS	A	0.04%	1.43%	0.04%
HBAN	A	1.22%	0.17%	0.17%
HIG	B	1.43%	0.22%	0.22%
INTC	D	0.34%	3.65%	0.34%
IP	B	1.47%	0.19%	0.19%
L	A	1.01%	0.13%	0.13%
LHX	C	1.81%	0.53%	0.53%
LUV	C	0.84%	0.12%	0.12%
MET	A	2.06%	0.46%	0.46%
MRO	B	0.4%	0.44%	0.4%
NXPI	D	0.87%	1.12%	0.87%
PCG	A	0.16%	0.63%	0.16%
PFE	D	0.48%	2.07%	0.48%
SWK	D	1.62%	0.1%	0.1%
T	A	0.14%	6.04%	0.14%
TSN	B	0.83%	0.44%	0.44%
USB	A	0.99%	0.48%	0.48%
VTRS	A	0.7%	0.45%	0.45%
VZ	C	0.35%	2.91%	0.35%
WFC	A	2.02%	1.92%	1.92%
WY	D	1.54%	0.55%	0.55%

TEQI Overweight 71 Positions Relative to VLUE

Symbol	Grade	Weight
SO	D	2.29%
CB	C	2.08%
GE	D	2.05%
TTE	F	1.99%
QCOM	F	1.96%
PM	B	1.75%
BDX	F	1.72%
KVUE	A	1.68%
KMB	D	1.63%
XOM	B	1.61%
NWSA	B	1.57%
UNH	C	1.57%
SCHW	B	1.49%
EQR	B	1.49%
MSFT	F	1.48%
ZBH	C	1.47%
JPM	A	1.41%
WMT	A	1.23%
JNJ	D	1.17%
FI	A	1.13%
LVS	C	1.12%
AEE	A	1.04%
DIS	B	1.03%
UPS	C	1.03%
MDT	D	0.98%
TXN	C	0.97%
BA	F	0.92%
NEE	D	0.9%
AZN	D	0.88%
SNY	F	0.83%
ACN	C	0.8%
SRE	A	0.77%
RYN	D	0.76%
CL	D	0.75%
CMCSA	B	0.62%
GEV	B	0.59%
EOG	A	0.58%
NSC	B	0.57%
WMB	A	0.56%
REXR	F	0.54%
MAT	D	0.48%
CSX	B	0.46%
TMO	F	0.37%
COP	C	0.35%
TJX	A	0.34%
MRK	F	0.34%
MMM	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%
SLB	C	0.18%
CVX	A	0.18%
HUM	C	0.16%
AMD	F	0.15%
ROK	B	0.15%
CAH	B	0.15%
HD	A	0.12%
MDLZ	F	0.1%
NWS	B	0.08%
VNO	B	0.07%

TEQI Underweight 107 Positions Relative to VLUE

Symbol	Grade	Weight
IBM	C	-3.86%
RTX	C	-1.77%
F	C	-1.68%
LEN	D	-1.49%
MO	A	-1.45%
DHI	D	-1.4%
HPE	B	-1.4%
GILD	C	-1.29%
SPG	B	-1.26%
HPQ	B	-1.19%
FDX	B	-1.18%
GLW	B	-1.1%
CTSH	B	-1.1%
TEL	B	-1.02%
PHM	D	-0.94%
DELL	C	-0.84%
VLO	C	-0.78%
URI	B	-0.77%
PCAR	B	-0.76%
KR	B	-0.75%
KHC	F	-0.74%
WBD	C	-0.7%
ON	D	-0.67%
COF	B	-0.66%
ADM	D	-0.65%
JCI	C	-0.61%
FANG	D	-0.6%
TFC	A	-0.54%
NTAP	C	-0.52%
EXPE	B	-0.48%
ZM	B	-0.47%
SWKS	F	-0.46%
VST	B	-0.45%
PRU	A	-0.45%
NUE	C	-0.45%
GEN	B	-0.42%
FSLR	F	-0.38%
BBY	D	-0.38%
TAP	C	-0.38%
FFIV	B	-0.37%
BLDR	D	-0.36%
OC	A	-0.36%
CTRA	B	-0.35%
TWLO	A	-0.34%
FOXA	B	-0.33%
OVV	B	-0.33%
JNPR	F	-0.33%
WAB	B	-0.32%
PPL	B	-0.32%
JBL	B	-0.31%
MTB	A	-0.31%
PARA	C	-0.27%
EVRG	A	-0.27%
STLD	B	-0.27%
CFG	B	-0.26%
STT	A	-0.26%
SSNC	B	-0.25%
DAL	C	-0.25%
LKQ	D	-0.24%
SYF	B	-0.24%
LH	C	-0.24%
TXT	D	-0.24%
UTHR	C	-0.23%
AZPN	A	-0.23%
SNA	A	-0.23%
DOW	F	-0.23%
HST	C	-0.23%
WBA	F	-0.22%
SJM	D	-0.22%
LYB	F	-0.22%
ES	D	-0.22%
GPN	B	-0.21%
BG	F	-0.2%
EXE	B	-0.2%
RF	A	-0.2%
LDOS	C	-0.19%
MAA	B	-0.19%
RPRX	D	-0.19%
DGX	A	-0.19%
KNX	B	-0.19%
FOX	A	-0.18%
UHS	D	-0.18%
QRVO	F	-0.18%
EG	C	-0.17%
MOS	F	-0.17%
CNH	C	-0.17%
DINO	D	-0.16%
APA	D	-0.15%
AKAM	D	-0.14%
SOLV	C	-0.14%
APTV	D	-0.13%
CPT	B	-0.13%
SW	A	-0.13%
KEY	B	-0.13%
FCNCA	A	-0.12%
ACI	C	-0.12%
UHAL	D	-0.11%
FBIN	D	-0.11%
NLY	C	-0.11%
ALLY	C	-0.1%
EMN	D	-0.1%
FNF	B	-0.09%
HII	D	-0.09%
DVA	B	-0.08%
BEN	C	-0.06%
WLK	D	-0.05%
BIO	D	-0.05%