TMSL vs. HWAY ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Small-Mid Cap ETF (TMSL) to Themes US Infrastructure ETF (HWAY)

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

HWAY

Themes US Infrastructure ETF

HWAY Description

The index is designed to provide exposure to U.S. companies that have business operations involving the building materials, equipment, logistics, construction, and engineering services used for the development and maintenance of infrastructure projects. It will invest, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the securities that comprise the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$29.16

Average Daily Volume

392

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TMSL	HWAY
30 Days	7.83%	7.05%
60 Days	7.33%	9.13%
90 Days	8.82%
12 Months	36.92%

17 Overlapping Holdings

Symbol	Grade	Weight in TMSL	Weight in HWAY	Overlap
ACM	A	0.12%	1.02%	0.12%
AGCO	D	0.5%	0.46%	0.46%
APG	B	0.48%	0.47%	0.47%
AZEK	A	0.24%	0.46%	0.24%
BLD	D	0.23%	0.74%	0.23%
BLDR	D	0.25%	1.46%	0.25%
BXC	B	0.08%	0.09%	0.08%
EME	C	0.54%	1.65%	0.54%
FIX	A	0.16%	1.16%	0.16%
OC	A	0.3%	1.21%	0.3%
RS	B	0.61%	1.13%	0.61%
STLD	B	0.54%	1.42%	0.54%
SUM	B	0.5%	0.43%	0.43%
TREX	C	0.23%	0.52%	0.23%
UFPI	B	0.22%	0.59%	0.22%
VNT	B	0.26%	0.44%	0.26%
VRRM	D	0.37%	0.26%	0.26%

TMSL Overweight 239 Positions Relative to HWAY

Symbol	Grade	Weight
SWK	D	1.44%
SEM	B	1.35%
FTI	A	1.23%
CPAY	A	1.23%
MKSI	C	1.19%
TXT	D	1.17%
WAL	B	1.15%
BPOP	B	1.14%
THC	D	1.13%
RNR	C	0.95%
DT	C	0.87%
REXR	F	0.84%
ESAB	B	0.81%
WBS	A	0.8%
LAMR	D	0.79%
RPM	A	0.77%
SSNC	B	0.75%
GDDY	A	0.75%
HII	D	0.75%
DOCU	A	0.71%
VOYA	B	0.67%
LDOS	C	0.65%
BFAM	D	0.65%
GEN	B	0.64%
RL	B	0.63%
WU	D	0.62%
TFX	F	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%
HBAN	A	0.56%
PATK	D	0.56%
SITE	D	0.55%
OPCH	D	0.54%
CF	B	0.53%
BURL	A	0.53%
ENTG	D	0.52%
FBP	B	0.52%
XPRO	F	0.52%
STNG	F	0.52%
RGA	A	0.51%
MNDY	C	0.51%
WYNN	D	0.51%
MWA	B	0.51%
WING	D	0.5%
CVNA	B	0.5%
VTRS	A	0.5%
CW	B	0.49%
IOT	A	0.49%
CLH	B	0.48%
EWBC	A	0.48%
WSC	D	0.48%
COOP	B	0.47%
DUOL	A	0.47%
ST	F	0.46%
BLX	C	0.46%
EQH	B	0.46%
EXAS	D	0.45%
TYL	B	0.45%
TTC	D	0.45%
EHC	B	0.45%
OMF	A	0.45%
MIDD	C	0.44%
MORN	B	0.44%
TOST	B	0.43%
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%
EG	C	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%
PR	B	0.36%
REG	B	0.36%
PTC	A	0.36%
NXST	C	0.35%
FITB	A	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%
KMPR	B	0.32%
DOLE	D	0.32%
USFD	A	0.32%
MAIN	A	0.31%
DOX	D	0.31%
SKWD	A	0.31%
RVTY	F	0.31%
MANH	D	0.3%
MOH	F	0.3%
LPX	B	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%
OFG	B	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%
LPLA	A	0.27%
FTDR	A	0.27%
ATEN	B	0.27%
PAYO	A	0.27%
ELS	C	0.26%
CASY	A	0.26%
CPA	D	0.26%
STEP	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%
VRTS	B	0.25%
PCTY	B	0.24%
MTX	B	0.24%
MCB	B	0.24%
GLOB	B	0.24%
RVMD	C	0.24%
BLBD	D	0.24%
BOX	B	0.24%
CBOE	B	0.23%
CRNX	C	0.23%
OIS	C	0.23%
RDDT	B	0.23%
EEFT	B	0.23%
CTLT	B	0.23%
WFRD	D	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%
LPRO	C	0.21%
PK	B	0.2%
SWN	D	0.2%
PRDO	B	0.2%
KEX	C	0.2%
THG	A	0.2%
TXRH	C	0.2%
EVRG	A	0.2%
CWEN	C	0.2%
NWE	B	0.19%
OLLI	D	0.19%
HAFC	A	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%
TW	A	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%
GMRE	F	0.15%
HIG	B	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%
AMAL	B	0.14%
ESNT	D	0.13%
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%
PRTA	F	0.07%
SRRK	B	0.06%
PLRX	F	0.06%
SWTX	C	0.04%

TMSL Underweight 80 Positions Relative to HWAY

Symbol	Grade	Weight
EMR	A	-4.96%
CSX	B	-4.32%
NSC	B	-4.21%
DE	A	-4.18%
UNP	C	-4.15%
CAT	B	-4.1%
URI	B	-3.91%
GWW	B	-3.71%
PWR	A	-3.43%
FAST	B	-3.3%
VMC	B	-2.62%
MLM	B	-2.52%
NUE	C	-2.47%
WAB	B	-2.45%
XYL	D	-2.11%
DOV	A	-1.95%
CSL	C	-1.44%
IEX	B	-1.2%
J	F	-1.2%
GGG	B	-1.08%
POOL	C	-0.97%
TTEK	F	-0.78%
AA	B	-0.78%
MLI	C	-0.77%
AIT	A	-0.75%
FLR	B	-0.68%
WCC	B	-0.67%
EXP	A	-0.67%
DCI	B	-0.65%
CRS	A	-0.65%
X	C	-0.64%
WMS	D	-0.63%
CR	A	-0.62%
OSK	B	-0.54%
ATI	D	-0.53%
R	B	-0.53%
VMI	B	-0.52%
CMC	B	-0.52%
SSD	D	-0.52%
WTS	B	-0.45%
ZWS	B	-0.43%
HRI	B	-0.41%
SKY	A	-0.41%
DY	D	-0.41%
STRL	B	-0.41%
CLF	F	-0.4%
ACA	A	-0.38%
KNF	A	-0.38%
BCC	B	-0.38%
SWX	B	-0.34%
GVA	A	-0.32%
ROAD	A	-0.29%
MDU	D	-0.27%
MSM	C	-0.27%
TEX	D	-0.26%
NPO	A	-0.26%
ATKR	C	-0.25%
TRN	C	-0.23%
CVCO	A	-0.22%
MYRG	B	-0.17%
ROCK	C	-0.16%
AZZ	B	-0.16%
GBX	A	-0.15%
ALG	B	-0.14%
HEES	B	-0.14%
AGX	B	-0.13%
HLIO	B	-0.12%
APOG	B	-0.12%
WS	B	-0.11%
DNOW	B	-0.11%
LNN	B	-0.1%
CENX	B	-0.09%
NVEE	F	-0.09%
KALU	C	-0.09%
MRC	B	-0.08%
USLM	A	-0.07%
TPC	C	-0.07%
JBI	F	-0.07%
GLDD	B	-0.03%
NVRI	F	-0.02%