TMSL vs. FNCL ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Small-Mid Cap ETF (TMSL) to Fidelity MSCI Financials Index ETF (FNCL)

TMSL

T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Small-Mid Cap ETF

TMSL Description

The fund normally invests at least 80% of its net assets (including any borrowings for investment purposes) in assets issued by small- or mid-cap companies. The fund may at times invest significantly in certain sectors, such as the information technology sector.

Grade (RS Rating)

Last Trade

$34.69

Average Daily Volume

74,374

Number of Holdings ^*

256

* may have additional holdings in another (foreign) market

FNCL

Fidelity MSCI Financials Index ETF

FNCL Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Financials Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Financials Index, which represents the performance of the financial sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Financials Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$72.47

Average Daily Volume

114,581

Number of Holdings ^*

380

* may have additional holdings in another (foreign) market

Performance

Period	TMSL	FNCL
30 Days	7.83%	9.11%
60 Days	7.33%	13.04%
90 Days	8.82%	16.04%
12 Months	36.92%	49.10%

35 Overlapping Holdings

Symbol	Grade	Weight in TMSL	Weight in FNCL	Overlap
AMAL	B	0.14%	0.01%	0.01%
BPOP	B	1.14%	0.09%	0.09%
CBOE	B	0.23%	0.26%	0.23%
COOP	B	0.47%	0.08%	0.08%
CPAY	A	1.23%	0.31%	0.31%
EEFT	B	0.23%	0.06%	0.06%
EG	C	0.4%	0.2%	0.2%
EQH	B	0.46%	0.19%	0.19%
ESNT	D	0.13%	0.07%	0.07%
EWBC	A	0.48%	0.18%	0.18%
FBP	B	0.52%	0.04%	0.04%
FITB	A	0.35%	0.4%	0.35%
HAFC	A	0.19%	0.01%	0.01%
HBAN	A	0.56%	0.32%	0.32%
HIG	B	0.15%	0.43%	0.15%
KMPR	B	0.32%	0.06%	0.06%
LPLA	A	0.27%	0.29%	0.27%
LPRO	C	0.21%	0.01%	0.01%
MCB	B	0.24%	0.01%	0.01%
MORN	B	0.44%	0.12%	0.12%
OFG	B	0.28%	0.02%	0.02%
OMF	A	0.45%	0.09%	0.09%
PAYO	A	0.27%	0.03%	0.03%
RGA	A	0.51%	0.19%	0.19%
RNR	C	0.95%	0.17%	0.17%
SKWD	A	0.31%	0.02%	0.02%
STEP	B	0.26%	0.05%	0.05%
THG	A	0.2%	0.07%	0.07%
TOST	B	0.43%	0.18%	0.18%
TW	A	0.17%	0.18%	0.17%
VOYA	B	0.67%	0.1%	0.1%
VRTS	B	0.25%	0.02%	0.02%
WAL	B	1.15%	0.12%	0.12%
WBS	A	0.8%	0.13%	0.13%
WU	D	0.62%	0.03%	0.03%

TMSL Overweight 221 Positions Relative to FNCL

Symbol	Grade	Weight
SWK	D	1.44%
SEM	B	1.35%
FTI	A	1.23%
MKSI	C	1.19%
TXT	D	1.17%
THC	D	1.13%
DT	C	0.87%
REXR	F	0.84%
ESAB	B	0.81%
LAMR	D	0.79%
RPM	A	0.77%
SSNC	B	0.75%
GDDY	A	0.75%
HII	D	0.75%
DOCU	A	0.71%
LDOS	C	0.65%
BFAM	D	0.65%
GEN	B	0.64%
RL	B	0.63%
TFX	F	0.61%
RS	B	0.61%
TOL	B	0.6%
INSM	C	0.59%
CUBE	D	0.59%
NTNX	A	0.59%
BDC	B	0.59%
NI	A	0.59%
VNO	B	0.58%
CRBG	B	0.58%
ZBRA	B	0.57%
SAIA	B	0.56%
PATK	D	0.56%
SITE	D	0.55%
EME	C	0.54%
OPCH	D	0.54%
STLD	B	0.54%
CF	B	0.53%
BURL	A	0.53%
ENTG	D	0.52%
XPRO	F	0.52%
STNG	F	0.52%
MNDY	C	0.51%
WYNN	D	0.51%
MWA	B	0.51%
WING	D	0.5%
CVNA	B	0.5%
SUM	B	0.5%
AGCO	D	0.5%
VTRS	A	0.5%
CW	B	0.49%
IOT	A	0.49%
CLH	B	0.48%
APG	B	0.48%
WSC	D	0.48%
DUOL	A	0.47%
ST	F	0.46%
BLX	C	0.46%
EXAS	D	0.45%
TYL	B	0.45%
TTC	D	0.45%
EHC	B	0.45%
MIDD	C	0.44%
BRX	A	0.43%
HUBB	B	0.43%
RRC	B	0.43%
JBL	B	0.42%
TKR	D	0.42%
PLNT	A	0.41%
LRN	A	0.41%
KFY	B	0.41%
FMC	D	0.41%
NVR	D	0.41%
HOLX	D	0.4%
TNL	A	0.4%
VFC	C	0.39%
AEE	A	0.39%
AWI	A	0.39%
FND	C	0.39%
DKNG	B	0.39%
BCO	D	0.39%
RYN	D	0.39%
BBWI	D	0.38%
SUI	D	0.38%
DPZ	C	0.38%
NCLH	B	0.37%
PHIN	A	0.37%
VRRM	D	0.37%
PR	B	0.36%
REG	B	0.36%
PTC	A	0.36%
NXST	C	0.35%
NWS	B	0.35%
PCVX	D	0.34%
UHS	D	0.34%
RNA	D	0.34%
UPWK	B	0.33%
STGW	B	0.33%
FLO	D	0.33%
ULTA	F	0.33%
DRH	B	0.32%
BPMC	C	0.32%
GEO	B	0.32%
DOLE	D	0.32%
USFD	A	0.32%
MAIN	A	0.31%
DOX	D	0.31%
RVTY	F	0.31%
MANH	D	0.3%
MOH	F	0.3%
LPX	B	0.3%
OC	A	0.3%
POR	C	0.3%
HWM	A	0.29%
EVRI	A	0.29%
NBIX	C	0.29%
SHOO	D	0.29%
BERY	B	0.28%
TECH	D	0.28%
ASGN	F	0.28%
LSTR	D	0.28%
ARMK	B	0.28%
BJ	A	0.28%
FCN	D	0.28%
AYI	B	0.27%
FTDR	A	0.27%
ATEN	B	0.27%
ELS	C	0.26%
CASY	A	0.26%
CPA	D	0.26%
VNT	B	0.26%
KRC	C	0.26%
ELF	C	0.26%
ELAN	D	0.26%
PFGC	B	0.25%
PLAB	C	0.25%
HST	C	0.25%
KYMR	D	0.25%
SCI	B	0.25%
CHDN	B	0.25%
NTRA	B	0.25%
BLDR	D	0.25%
AZEK	A	0.24%
PCTY	B	0.24%
MTX	B	0.24%
GLOB	B	0.24%
RVMD	C	0.24%
BLBD	D	0.24%
BOX	B	0.24%
CRNX	C	0.23%
BLD	D	0.23%
OIS	C	0.23%
RDDT	B	0.23%
CTLT	B	0.23%
TREX	C	0.23%
WFRD	D	0.22%
UFPI	B	0.22%
TDW	F	0.22%
CELH	F	0.22%
CRL	C	0.22%
ESS	B	0.22%
ALV	C	0.22%
ALKS	B	0.21%
EPR	D	0.21%
ONON	A	0.21%
LSCC	D	0.21%
VRNT	C	0.21%
BRZE	C	0.21%
RGEN	D	0.21%
WFG	D	0.21%
PK	B	0.2%
SWN	D	0.2%
PRDO	B	0.2%
KEX	C	0.2%
TXRH	C	0.2%
EVRG	A	0.2%
CWEN	C	0.2%
NWE	B	0.19%
OLLI	D	0.19%
NFG	A	0.19%
BGNE	D	0.18%
AHH	D	0.18%
LUV	C	0.18%
LEGN	F	0.18%
RARE	D	0.18%
PBH	A	0.17%
ENS	D	0.17%
WDC	D	0.17%
PLUS	F	0.16%
AVNT	B	0.16%
BFS	C	0.16%
AVY	D	0.16%
REPL	B	0.16%
SRPT	D	0.16%
BWXT	B	0.16%
VERA	B	0.16%
FIX	A	0.16%
GMRE	F	0.15%
XRAY	F	0.15%
CVLT	B	0.15%
CNP	B	0.15%
WTTR	B	0.15%
NRIX	D	0.14%
TDC	D	0.14%
ACM	A	0.12%
XNCR	B	0.12%
ASND	D	0.12%
NTLA	F	0.11%
MDGL	B	0.11%
ACAD	D	0.11%
CLDX	F	0.11%
IONS	F	0.11%
AKRO	B	0.11%
IDYA	F	0.1%
ANET	C	0.1%
APPF	B	0.08%
RCKT	F	0.08%
BXC	B	0.08%
PRTA	F	0.07%
SRRK	B	0.06%
PLRX	F	0.06%
SWTX	C	0.04%

TMSL Underweight 345 Positions Relative to FNCL

Symbol	Grade	Weight
JPM	A	-8.6%
BRK.A	B	-7.67%
V	A	-6.01%
MA	C	-5.35%
BAC	A	-4.0%
WFC	A	-3.14%
GS	A	-2.35%
AXP	A	-2.05%
SPGI	C	-2.02%
MS	A	-2.0%
BLK	C	-1.93%
PGR	A	-1.87%
C	A	-1.61%
BX	A	-1.6%
FI	A	-1.53%
SCHW	B	-1.5%
CB	C	-1.37%
MMC	B	-1.35%
KKR	A	-1.16%
ICE	C	-1.11%
PYPL	B	-1.05%
PNC	B	-1.03%
CME	A	-0.99%
USB	A	-0.98%
MCO	B	-0.98%
AON	A	-0.91%
COF	B	-0.87%
APO	B	-0.81%
AJG	B	-0.8%
TFC	A	-0.77%
AFL	B	-0.74%
TRV	B	-0.73%
BK	A	-0.71%
AMP	A	-0.69%
COIN	C	-0.66%
ALL	A	-0.64%
MET	A	-0.63%
AIG	B	-0.63%
FIS	C	-0.61%
MSCI	C	-0.59%
SQ	B	-0.58%
PRU	A	-0.56%
DFS	B	-0.54%
ACGL	D	-0.46%
MTB	A	-0.44%
NDAQ	A	-0.42%
WTW	B	-0.4%
ARES	A	-0.39%
RJF	A	-0.39%
GPN	B	-0.37%
STT	A	-0.35%
BRO	B	-0.33%
TROW	B	-0.33%
SYF	B	-0.32%
RF	A	-0.3%
CINF	A	-0.29%
MKL	A	-0.28%
CFG	B	-0.27%
NTRS	A	-0.27%
FCNCA	A	-0.27%
PFG	D	-0.25%
KEY	B	-0.23%
WRB	A	-0.23%
FDS	B	-0.23%
IBKR	A	-0.22%
HOOD	B	-0.21%
L	A	-0.2%
FNF	B	-0.19%
SOFI	A	-0.17%
UNM	A	-0.16%
AFRM	B	-0.16%
JKHY	D	-0.16%
AIZ	A	-0.15%
CG	A	-0.15%
SF	B	-0.15%
JEF	A	-0.15%
EVR	B	-0.14%
FHN	A	-0.14%
ERIE	D	-0.13%
GL	B	-0.13%
AFG	A	-0.13%
KNSL	B	-0.13%
OWL	A	-0.13%
PRI	A	-0.13%
PNFP	B	-0.12%
HLI	B	-0.12%
ALLY	C	-0.12%
ORI	A	-0.12%
MKTX	D	-0.12%
SNV	B	-0.11%
CBSH	A	-0.11%
WTFC	A	-0.11%
ZION	B	-0.11%
SEIC	B	-0.11%
CMA	A	-0.11%
PB	A	-0.1%
SSB	B	-0.1%
CFR	B	-0.1%
JXN	C	-0.09%
ONB	B	-0.09%
RLI	B	-0.09%
RYAN	B	-0.09%
HLNE	B	-0.09%
AXS	A	-0.09%
WEX	D	-0.09%
JHG	A	-0.08%
FNB	A	-0.08%
BEN	C	-0.08%
GBCI	B	-0.08%
COLB	A	-0.08%
CADE	B	-0.08%
MTG	C	-0.08%
FAF	A	-0.08%
AGNC	D	-0.08%
RDN	C	-0.07%
FOUR	B	-0.07%
UBSI	B	-0.07%
UMBF	B	-0.07%
HOMB	A	-0.07%
LNC	B	-0.07%
STWD	C	-0.07%
IVZ	B	-0.07%
SIGI	C	-0.07%
AMG	B	-0.07%
PIPR	B	-0.07%
VLY	B	-0.06%
ABCB	B	-0.06%
CNO	A	-0.06%
MC	C	-0.06%
SFBS	B	-0.06%
SLM	A	-0.06%
WTM	A	-0.06%
FFIN	B	-0.06%
AGO	B	-0.06%
UPST	B	-0.06%
TPG	A	-0.06%
OZK	B	-0.06%
HWC	B	-0.06%
WD	D	-0.05%
BGC	C	-0.05%
PJT	A	-0.05%
FHB	A	-0.05%
TCBI	B	-0.05%
ESGR	B	-0.05%
IBOC	A	-0.05%
ASB	B	-0.05%
AX	A	-0.05%
PFSI	D	-0.05%
VCTR	B	-0.04%
HTLF	B	-0.04%
INDB	B	-0.04%
GSHD	A	-0.04%
SFNC	B	-0.04%
BKU	A	-0.04%
CACC	D	-0.04%
BXMT	C	-0.04%
BOH	B	-0.04%
NMIH	D	-0.04%
VIRT	B	-0.04%
WAFD	B	-0.04%
CVBF	A	-0.04%
HASI	D	-0.04%
PRK	B	-0.04%
GNW	A	-0.04%
APAM	B	-0.04%
FIBK	A	-0.04%
FHI	A	-0.04%
CBU	B	-0.04%
BOKF	B	-0.04%
WSFS	A	-0.04%
AUB	B	-0.04%
EBC	B	-0.04%
CATY	B	-0.04%
FULT	A	-0.04%
UCB	A	-0.04%
BHF	B	-0.04%
SYBT	B	-0.03%
NATL	B	-0.03%
AGM	C	-0.03%
FBK	B	-0.03%
PRG	C	-0.03%
FRHC	B	-0.03%
TRMK	B	-0.03%
BANC	A	-0.03%
EVTC	B	-0.03%
DBRG	F	-0.03%
MCY	A	-0.03%
TFIN	A	-0.03%
RNST	B	-0.03%
NBTB	B	-0.03%
EFSC	B	-0.03%
WSBC	A	-0.03%
SBCF	A	-0.03%
IBTX	B	-0.03%
TBBK	B	-0.03%
FLYW	C	-0.03%
BANR	B	-0.03%
BANF	B	-0.03%
PPBI	B	-0.03%
OSCR	D	-0.03%
PFS	B	-0.03%
ABR	C	-0.03%
PLMR	B	-0.03%
TOWN	B	-0.03%
CNS	B	-0.03%
FRME	B	-0.03%
FFBC	A	-0.03%
ENVA	B	-0.03%
SNEX	B	-0.03%
PMT	D	-0.02%
OCFC	B	-0.02%
SRCE	B	-0.02%
EIG	B	-0.02%
PEBO	A	-0.02%
ARI	C	-0.02%
BHLB	B	-0.02%
RC	D	-0.02%
ACT	D	-0.02%
GABC	B	-0.02%
WT	B	-0.02%
NAVI	C	-0.02%
WABC	B	-0.02%
NBHC	B	-0.02%
NNI	D	-0.02%
NIC	B	-0.02%
HTH	B	-0.02%
VBTX	B	-0.02%
CODI	B	-0.02%
TCBK	B	-0.02%
LOB	B	-0.02%
LADR	B	-0.02%
STBA	B	-0.02%
SPNT	A	-0.02%
MQ	F	-0.02%
QCRH	A	-0.02%
HOPE	B	-0.02%
CUBI	C	-0.02%
HMN	B	-0.02%
BUSE	B	-0.02%
CHCO	B	-0.02%
LMND	B	-0.02%
RKT	F	-0.02%
LC	A	-0.02%
DFIN	D	-0.02%
LKFN	B	-0.02%
NWBI	B	-0.02%
SASR	B	-0.02%
TRUP	B	-0.02%
FCF	A	-0.02%
FBNC	A	-0.02%
STC	B	-0.02%
CASH	A	-0.02%
CLBK	B	-0.01%
HONE	B	-0.01%
KRNY	B	-0.01%
CCBG	B	-0.01%
GDOT	D	-0.01%
PX	A	-0.01%
TRTX	B	-0.01%
GSBC	B	-0.01%
UFCS	B	-0.01%
TREE	F	-0.01%
UWMC	D	-0.01%
NFBK	B	-0.01%
NRDS	C	-0.01%
BHB	B	-0.01%
SPFI	B	-0.01%
AMBC	C	-0.01%
TIPT	B	-0.01%
PGC	C	-0.01%
KREF	D	-0.01%
FMNB	B	-0.01%
TRST	A	-0.01%
EZPW	A	-0.01%
FSBC	B	-0.01%
THFF	B	-0.01%
CTLP	B	-0.01%
MSBI	B	-0.01%
PAY	B	-0.01%
SMBC	B	-0.01%
UVE	B	-0.01%
IIIV	C	-0.01%
CAC	B	-0.01%
RBCAA	B	-0.01%
EQBK	A	-0.01%
BFH	B	-0.01%
RPAY	D	-0.01%
TFSL	A	-0.01%
IMXI	B	-0.01%
CPF	A	-0.01%
BFST	C	-0.01%
CASS	B	-0.01%
MCBS	B	-0.01%
AMTB	B	-0.01%
FG	B	-0.01%
CFFN	B	-0.01%
FCBC	B	-0.01%
HTBK	A	-0.01%
CMTG	F	-0.01%
PRA	C	-0.01%
PFBC	B	-0.01%
OSBC	A	-0.01%
EGBN	B	-0.01%
FMBH	B	-0.01%
CCB	A	-0.01%
CFB	B	-0.01%
WASH	C	-0.01%
HFWA	B	-0.01%
TMP	B	-0.01%
PRAA	C	-0.01%
BFC	B	-0.01%
BHRB	B	-0.01%
HBNC	B	-0.01%
BRSP	B	-0.01%
MBIN	D	-0.01%
BSIG	A	-0.01%
DX	B	-0.01%
MBWM	B	-0.01%
RWT	D	-0.01%
BY	B	-0.01%
SBSI	B	-0.01%
OBK	B	-0.01%
ECPG	B	-0.01%
CNOB	B	-0.01%
EFC	C	-0.01%
CTBI	B	-0.01%
CNNE	B	-0.01%
HCI	C	-0.01%
IBCP	B	-0.01%
BRKL	B	-0.01%
FBMS	B	-0.01%
UVSP	B	-0.01%
FBRT	C	-0.01%
AMSF	B	-0.01%
PFC	A	-0.01%
DCOM	A	-0.01%
SAFT	C	-0.01%
AROW	B	-0.0%
RILY	F	-0.0%
GCBC	C	-0.0%
DGICA	A	-0.0%
DHIL	A	-0.0%
HGTY	B	-0.0%
HBT	B	-0.0%
WRLD	C	-0.0%