TMSL vs. IBBQ ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Small-Mid Cap ETF (TMSL) to Invesco Nasdaq Biotechnology ETF (IBBQ)

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

IBBQ

Invesco Nasdaq Biotechnology ETF

IBBQ Description

The investment seeks to track the investment results (before fees and expenses) of the Nasdaq Biotechnology Index ®. The fund generally will invest at least 90% of its total assets in the securities that comprise the index. Strictly in accordance with its guidelines and mandated procedures, Nasdaq compiles the underlying index, which is a modified market capitalization weighted index that is designed to measure the performance of securities listed on the Nasdaq Stock Market that are classified as either biotechnology or pharmaceutical companies. The index may include securities of large-, mid- and small-capitalization companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$22.64

Average Daily Volume

17,660

Number of Holdings ^*

195

* may have additional holdings in another (foreign) market

Performance

Period	TMSL	IBBQ
30 Days	7.83%	-3.74%
60 Days	7.33%	-5.07%
90 Days	8.82%	-7.33%
12 Months	36.92%	19.53%

30 Overlapping Holdings

Symbol	Grade	Weight in TMSL	Weight in IBBQ	Overlap
ACAD	D	0.11%	0.3%	0.11%
AKRO	B	0.11%	0.21%	0.11%
ALKS	B	0.21%	0.5%	0.21%
ASND	D	0.12%	0.79%	0.12%
BGNE	D	0.18%	0.91%	0.18%
BPMC	C	0.32%	0.61%	0.32%
CRNX	C	0.23%	0.47%	0.23%
IDYA	F	0.1%	0.24%	0.1%
INSM	C	0.59%	1.23%	0.59%
IONS	F	0.11%	0.54%	0.11%
KYMR	D	0.25%	0.29%	0.25%
LEGN	F	0.18%	0.34%	0.18%
MDGL	B	0.11%	0.67%	0.11%
NBIX	C	0.29%	1.28%	0.29%
NRIX	D	0.14%	0.16%	0.14%
NTLA	F	0.11%	0.15%	0.11%
PCVX	D	0.34%	1.04%	0.34%
PLRX	F	0.06%	0.08%	0.06%
PRTA	F	0.07%	0.08%	0.07%
RARE	D	0.18%	0.44%	0.18%
RCKT	F	0.08%	0.14%	0.08%
REPL	B	0.16%	0.08%	0.08%
RNA	D	0.34%	0.53%	0.34%
RVMD	C	0.24%	0.99%	0.24%
SRPT	D	0.16%	1.08%	0.16%
SRRK	B	0.06%	0.23%	0.06%
SWTX	C	0.04%	0.29%	0.04%
VERA	B	0.16%	0.27%	0.16%
VTRS	A	0.5%	1.65%	0.5%
XNCR	B	0.12%	0.15%	0.12%

TMSL Overweight 226 Positions Relative to IBBQ

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%
RS	B	0.61%
TOL	B	0.6%
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%
EME	C	0.54%
OPCH	D	0.54%
STLD	B	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%
SUM	B	0.5%
AGCO	D	0.5%
CW	B	0.49%
IOT	A	0.49%
CLH	B	0.48%
APG	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%
VRRM	D	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%
UHS	D	0.34%
UPWK	B	0.33%
STGW	B	0.33%
FLO	D	0.33%
ULTA	F	0.33%
DRH	B	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%
OC	A	0.3%
POR	C	0.3%
HWM	A	0.29%
EVRI	A	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%
VNT	B	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%
SCI	B	0.25%
CHDN	B	0.25%
NTRA	B	0.25%
BLDR	D	0.25%
VRTS	B	0.25%
AZEK	A	0.24%
PCTY	B	0.24%
MTX	B	0.24%
MCB	B	0.24%
GLOB	B	0.24%
BLBD	D	0.24%
BOX	B	0.24%
CBOE	B	0.23%
BLD	D	0.23%
OIS	C	0.23%
RDDT	B	0.23%
EEFT	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%
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%
AHH	D	0.18%
LUV	C	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%
BWXT	B	0.16%
FIX	A	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%
TDC	D	0.14%
AMAL	B	0.14%
ESNT	D	0.13%
ACM	A	0.12%
CLDX	F	0.11%
ANET	C	0.1%
APPF	B	0.08%
BXC	B	0.08%

TMSL Underweight 165 Positions Relative to IBBQ

Symbol	Grade	Weight
GILD	C	-9.95%
VRTX	F	-8.34%
AMGN	D	-7.56%
REGN	F	-5.67%
AZN	D	-3.97%
ALNY	D	-3.26%
BIIB	F	-2.52%
ILMN	D	-2.32%
ARGX	A	-1.96%
UTHR	C	-1.75%
INCY	C	-1.58%
MRNA	F	-1.53%
SNY	F	-1.51%
SMMT	D	-1.43%
BMRN	D	-1.3%
RPRX	D	-1.24%
EXEL	B	-1.06%
BNTX	D	-1.05%
MEDP	D	-1.04%
ITCI	C	-0.95%
ROIV	C	-0.89%
JAZZ	B	-0.81%
CYTK	F	-0.64%
HALO	F	-0.62%
NUVL	D	-0.56%
KRYS	B	-0.53%
ACLX	C	-0.51%
ADMA	B	-0.48%
AXSM	B	-0.48%
BBIO	F	-0.48%
CRSP	D	-0.43%
IMVT	F	-0.42%
GH	B	-0.39%
DNLI	D	-0.39%
RYTM	C	-0.37%
MRUS	F	-0.34%
APLS	D	-0.34%
XENE	D	-0.33%
AGIO	C	-0.33%
EWTX	C	-0.32%
PTCT	B	-0.32%
DYN	F	-0.31%
FOLD	F	-0.31%
VCYT	B	-0.3%
VRNA	B	-0.28%
VCEL	B	-0.28%
IOVA	F	-0.27%
JANX	C	-0.27%
PTGX	C	-0.26%
ARWR	F	-0.25%
GERN	D	-0.24%
MIRM	B	-0.23%
KROS	D	-0.23%
TWST	D	-0.23%
AMPH	D	-0.23%
LGND	B	-0.22%
SUPN	C	-0.21%
BEAM	D	-0.21%
MNKD	C	-0.2%
HRMY	D	-0.2%
FTRE	D	-0.19%
NVCR	C	-0.19%
IRON	B	-0.19%
RXRX	F	-0.18%
TARS	B	-0.18%
WVE	C	-0.18%
ARVN	D	-0.17%
DVAX	C	-0.17%
BCRX	D	-0.16%
ZLAB	C	-0.15%
TVTX	B	-0.15%
SPRY	D	-0.15%
HROW	D	-0.15%
MYGN	F	-0.15%
OCUL	D	-0.15%
DAWN	F	-0.14%
SNDX	F	-0.14%
AUPH	B	-0.13%
ARDX	F	-0.13%
NVAX	F	-0.13%
INVA	D	-0.13%
ANIP	F	-0.13%
IMCR	D	-0.13%
KURA	F	-0.13%
ARQT	C	-0.12%
VIR	D	-0.12%
CNTA	B	-0.12%
ELVN	D	-0.12%
GRFS	C	-0.12%
COLL	F	-0.1%
COGT	D	-0.1%
CGEM	F	-0.09%
BCYC	F	-0.09%
ETNB	C	-0.09%
GMAB	F	-0.09%
ADPT	C	-0.08%
ERAS	C	-0.08%
EOLS	D	-0.08%
PCRX	C	-0.08%
ABCL	D	-0.08%
CSTL	D	-0.08%
AUTL	F	-0.07%
MRVI	F	-0.07%
AVXL	B	-0.07%
IRWD	F	-0.07%
RLAY	F	-0.07%
ABUS	D	-0.07%
HCM	D	-0.06%
OLMA	F	-0.06%
SANA	F	-0.06%
GLPG	D	-0.06%
CVAC	F	-0.06%
MLYS	F	-0.06%
ANAB	F	-0.06%
HUMA	F	-0.06%
PHAT	F	-0.06%
ORIC	F	-0.06%
TSHA	C	-0.05%
SIGA	F	-0.05%
ARCT	F	-0.05%
XERS	B	-0.05%
PACB	F	-0.05%
TERN	F	-0.05%
RVNC	F	-0.05%
FDMT	F	-0.05%
OABI	F	-0.05%
TBPH	C	-0.05%
URGN	F	-0.05%
ALLO	F	-0.05%
RGNX	F	-0.05%
SVRA	D	-0.05%
EYPT	F	-0.05%
YMAB	F	-0.05%
PAHC	C	-0.05%
MGTX	C	-0.05%
THRD	D	-0.05%
LXRX	F	-0.04%
ALEC	F	-0.04%
PRME	F	-0.04%
VERV	F	-0.04%
KALV	D	-0.04%
PGEN	F	-0.03%
BMEA	F	-0.03%
ZNTL	F	-0.03%
ATAI	C	-0.03%
LYEL	F	-0.03%
VNDA	C	-0.03%
ITOS	F	-0.03%
QURE	D	-0.03%
VYGR	F	-0.03%
SAGE	F	-0.03%
ACIU	C	-0.03%
ACRS	C	-0.02%
CABA	F	-0.02%
CRBU	F	-0.02%
FULC	F	-0.02%
AMRN	F	-0.02%
EDIT	F	-0.02%
MGNX	F	-0.02%
BLUE	F	-0.01%
ALXO	F	-0.01%
OVID	F	-0.01%
CHRS	D	-0.01%
VTYX	F	-0.01%
RAPT	F	-0.0%