TVAL vs. AFLG ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF (TVAL) to Active Factor Large Cap ETF (AFLG)

TVAL

T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF

TVAL Description

The fund will invest primarily in U.S. equity securities. In taking a value approach to investment selection, the adviser seeks to identify companies that appear to be undervalued by various measures, and may be temporarily out of favor, but have good prospects for capital appreciation. Some of the principal measures used to identify such stocks are: price/earnings ratio, price/book value ratio, price/sales ratio, dividend yield, price/cash flow, undervalued assets, and restructuring opportunities. The fund may purchase the stocks of companies of any size, but typically focuses on larger companies.

Grade (RS Rating)

Last Trade

$33.11

Average Daily Volume

13,066

Number of Holdings ^*

144

* may have additional holdings in another (foreign) market

AFLG

Active Factor Large Cap ETF

AFLG Description

The investment seeks to provide capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in U.S.-listed equity securities issued by large capitalization companies. The manager defines large capitalization companies as those that, at the time of investment, have a minimum market capitalization equal to or greater than the minimum market capitalization of a widely recognized index of large capitalization companies based upon the composition of the index at the time of investment. It is non-diversified.

Grade (RS Rating)

Last Trade

$35.73

Average Daily Volume

35,934

Number of Holdings ^*

248

* may have additional holdings in another (foreign) market

Performance

Period	TVAL	AFLG
30 Days	2.98%	4.50%
60 Days	4.22%	5.60%
90 Days	5.88%	7.89%
12 Months	29.14%	37.65%

58 Overlapping Holdings

Symbol	Grade	Weight in TVAL	Weight in AFLG	Overlap
ABBV	D	0.36%	0.82%	0.36%
ACN	C	0.7%	0.22%	0.22%
AIG	B	0.87%	0.28%	0.28%
ALL	A	0.39%	0.08%	0.08%
AMAT	F	0.38%	0.34%	0.34%
AVB	B	1.22%	0.05%	0.05%
AXP	A	0.26%	0.41%	0.26%
AZO	C	0.52%	0.17%	0.17%
BLK	C	0.43%	0.09%	0.09%
CAT	B	0.3%	0.56%	0.3%
CDW	F	0.25%	0.03%	0.03%
CF	B	0.52%	0.42%	0.42%
CI	F	0.87%	0.15%	0.15%
CL	D	0.84%	0.58%	0.58%
CMCSA	B	0.46%	0.55%	0.46%
CME	A	0.23%	0.23%	0.23%
CMI	A	1.09%	0.51%	0.51%
CVS	D	0.23%	0.18%	0.18%
CVX	A	0.73%	0.45%	0.45%
ELV	F	1.81%	0.67%	0.67%
EQH	B	1.0%	0.0%	0.0%
FI	A	1.53%	0.12%	0.12%
GE	D	1.21%	0.15%	0.15%
HIG	B	1.96%	1.11%	1.11%
HWM	A	0.48%	0.46%	0.46%
IP	B	0.64%	0.34%	0.34%
JNJ	D	1.82%	0.7%	0.7%
KEYS	A	0.35%	0.22%	0.22%
KMB	D	0.66%	0.05%	0.05%
KO	D	0.72%	0.33%	0.33%
LEN	D	0.42%	0.32%	0.32%
LLY	F	1.19%	0.42%	0.42%
MCK	B	0.8%	0.53%	0.53%
MET	A	0.22%	0.04%	0.04%
META	D	0.87%	1.8%	0.87%
MOH	F	0.28%	0.08%	0.08%
MRK	F	0.8%	0.62%	0.62%
MSFT	F	0.65%	4.6%	0.65%
MSI	B	0.34%	0.39%	0.34%
NWSA	B	0.75%	0.2%	0.2%
PG	A	0.72%	0.84%	0.72%
PGR	A	0.48%	0.73%	0.48%
PM	B	1.41%	0.35%	0.35%
PSA	D	0.44%	0.05%	0.05%
QCOM	F	1.08%	0.88%	0.88%
RPM	A	0.52%	0.11%	0.11%
SO	D	1.67%	0.13%	0.13%
SPGI	C	0.26%	0.08%	0.08%
STLD	B	0.32%	0.47%	0.32%
TDG	D	0.46%	0.0%	0.0%
TJX	A	0.29%	0.38%	0.29%
TMUS	B	0.88%	0.35%	0.35%
TT	A	0.31%	0.49%	0.31%
UNH	C	1.9%	0.27%	0.27%
VST	B	0.74%	1.26%	0.74%
VZ	C	0.58%	0.49%	0.49%
WMT	A	1.89%	0.61%	0.61%
XOM	B	2.56%	0.74%	0.74%

TVAL Overweight 86 Positions Relative to AFLG

Symbol	Grade	Weight
CB	C	2.23%
BAC	A	1.89%
WFC	A	1.77%
KVUE	A	1.49%
LHX	C	1.36%
COP	C	1.25%
JPM	A	1.23%
TMO	F	1.12%
SWK	D	1.1%
BDX	F	1.01%
GOOG	C	0.95%
SCHW	B	0.89%
WY	D	0.88%
ZBH	C	0.85%
EOG	A	0.82%
C	A	0.81%
FITB	A	0.77%
NSC	B	0.74%
LIN	D	0.73%
TXN	C	0.7%
HUBB	B	0.7%
GEV	B	0.7%
TTE	F	0.7%
HON	B	0.68%
SRE	A	0.68%
MMC	B	0.67%
AEE	A	0.65%
DHR	F	0.65%
HD	A	0.63%
RSG	A	0.62%
WDC	D	0.6%
NEE	D	0.59%
USB	A	0.56%
BA	F	0.56%
MS	A	0.56%
D	C	0.55%
ROK	B	0.52%
BAX	D	0.5%
CSX	B	0.49%
REXR	F	0.48%
AZN	D	0.47%
MAR	B	0.47%
WMB	A	0.46%
EQT	B	0.46%
MCD	D	0.46%
APO	B	0.46%
HBAN	A	0.45%
ARES	A	0.45%
MU	D	0.45%
HCA	F	0.45%
FANG	D	0.43%
MDLZ	F	0.43%
REGN	F	0.42%
UNP	C	0.42%
CPAY	A	0.42%
LVS	C	0.41%
LAMR	D	0.4%
KDP	D	0.4%
CAG	D	0.4%
TSM	B	0.39%
YUM	B	0.36%
BKR	B	0.35%
ADI	D	0.35%
PLD	D	0.34%
EFX	F	0.33%
A	D	0.33%
COF	B	0.33%
UAL	A	0.31%
AME	A	0.31%
OTIS	C	0.3%
VRTX	F	0.29%
ROP	B	0.29%
UPS	C	0.28%
CARR	D	0.27%
MCHP	D	0.27%
MGM	D	0.24%
ZTS	D	0.23%
HAL	C	0.22%
VMC	B	0.22%
AMD	F	0.22%
BHP	F	0.2%
DIS	B	0.2%
AVY	D	0.19%
SNY	F	0.19%
DTE	C	0.17%
EQIX	A	0.16%

TVAL Underweight 190 Positions Relative to AFLG

Symbol	Grade	Weight
AAPL	C	-7.06%
NVDA	C	-5.45%
GOOGL	C	-2.04%
AMZN	C	-1.78%
BRK.A	B	-1.57%
APP	B	-1.29%
AVGO	D	-1.27%
MO	A	-0.99%
NFLX	A	-0.91%
COST	B	-0.9%
UHS	D	-0.89%
NRG	B	-0.81%
FICO	B	-0.8%
RL	B	-0.79%
AFL	B	-0.75%
BK	A	-0.73%
CTAS	B	-0.7%
EME	C	-0.68%
BSX	B	-0.68%
RS	B	-0.66%
SNA	A	-0.63%
NTAP	C	-0.63%
CEG	D	-0.62%
FFIV	B	-0.6%
CRM	B	-0.59%
BMY	B	-0.58%
APH	A	-0.58%
SPG	B	-0.58%
PEG	A	-0.57%
COR	B	-0.57%
GILD	C	-0.57%
MMM	D	-0.55%
GDDY	A	-0.55%
ETN	A	-0.55%
FOXA	B	-0.55%
PHM	D	-0.52%
FE	C	-0.52%
ECL	D	-0.52%
MAS	D	-0.5%
HPQ	B	-0.49%
MAA	B	-0.47%
BBY	D	-0.47%
NVR	D	-0.47%
TPR	B	-0.47%
KR	B	-0.47%
CTSH	B	-0.45%
VICI	C	-0.44%
IBM	C	-0.44%
CSCO	B	-0.44%
GLPI	C	-0.42%
CNA	B	-0.42%
WSM	B	-0.41%
GRMN	B	-0.41%
ICE	C	-0.4%
PCAR	B	-0.39%
CSL	C	-0.39%
HSIC	B	-0.39%
IBKR	A	-0.39%
WAB	B	-0.38%
CBOE	B	-0.38%
AOS	F	-0.38%
NUE	C	-0.37%
HST	C	-0.37%
HLT	A	-0.36%
TRGP	B	-0.36%
PKG	A	-0.36%
FIS	C	-0.36%
RHI	B	-0.36%
OC	A	-0.36%
LMT	D	-0.34%
BLDR	D	-0.33%
WELL	A	-0.32%
CMG	B	-0.32%
EA	A	-0.32%
DHI	D	-0.32%
ADBE	C	-0.31%
VLO	C	-0.31%
LOW	D	-0.31%
V	A	-0.3%
BRO	B	-0.3%
EVRG	A	-0.29%
RF	A	-0.29%
WU	D	-0.29%
SYF	B	-0.29%
DVN	F	-0.29%
VSCO	B	-0.28%
DECK	A	-0.28%
BKNG	A	-0.28%
CFG	B	-0.27%
OGN	D	-0.27%
MANH	D	-0.25%
SOLV	C	-0.25%
MTCH	D	-0.25%
ED	D	-0.25%
LII	A	-0.25%
ERIE	D	-0.24%
FDX	B	-0.24%
EIX	B	-0.23%
ZM	B	-0.23%
PH	A	-0.23%
INCY	C	-0.22%
MA	C	-0.21%
VRSN	F	-0.21%
VTR	C	-0.21%
ALNY	D	-0.21%
WPC	D	-0.21%
EXPE	B	-0.21%
GWW	B	-0.2%
TROW	B	-0.2%
SWKS	F	-0.2%
PPG	F	-0.19%
SHW	A	-0.19%
CNC	D	-0.19%
JBL	B	-0.18%
L	A	-0.18%
T	A	-0.18%
HUM	C	-0.17%
BAH	F	-0.17%
BEN	C	-0.17%
ACGL	D	-0.17%
TOL	B	-0.16%
AMP	A	-0.16%
GL	B	-0.16%
AIZ	A	-0.16%
LKQ	D	-0.16%
VRT	B	-0.16%
EG	C	-0.15%
CPT	B	-0.15%
SYK	C	-0.15%
ULTA	F	-0.14%
DELL	C	-0.14%
MPC	D	-0.13%
BBWI	D	-0.13%
ANET	C	-0.13%
LDOS	C	-0.13%
IT	C	-0.12%
CAH	B	-0.11%
SCCO	F	-0.11%
RMD	C	-0.1%
GEN	B	-0.1%
EQR	B	-0.1%
VTRS	A	-0.1%
EBAY	D	-0.1%
KHC	F	-0.1%
KLAC	D	-0.1%
ETSY	D	-0.09%
PSX	C	-0.09%
PRU	A	-0.09%
SSNC	B	-0.09%
CRBG	B	-0.09%
LH	C	-0.09%
TPL	A	-0.08%
J	F	-0.08%
DXC	B	-0.08%
BG	F	-0.07%
LYB	F	-0.07%
IPG	D	-0.07%
CVNA	B	-0.07%
TXT	D	-0.07%
ROL	B	-0.06%
SNPS	B	-0.06%
DINO	D	-0.06%
DASH	A	-0.06%
WSO	A	-0.06%
ADM	D	-0.06%
ZION	B	-0.06%
ORLY	B	-0.06%
UDR	B	-0.05%
PPL	B	-0.05%
NXPI	D	-0.05%
DPZ	C	-0.05%
ESS	B	-0.05%
WTW	B	-0.05%
QRVO	F	-0.05%
MCO	B	-0.05%
EPAM	C	-0.05%
CDNS	B	-0.05%
STT	A	-0.05%
PINS	D	-0.04%
AMCR	D	-0.04%
PFG	D	-0.04%
HOLX	D	-0.04%
ROST	C	-0.04%
IVZ	B	-0.04%
DKS	C	-0.04%
UTHR	C	-0.04%
MOS	F	-0.03%
WBA	F	-0.03%
BWA	D	-0.03%
ALLE	D	-0.01%