TVAL vs. CSM ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF (TVAL) to ProShares Large Cap Core Plus (CSM)

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

CSM

ProShares Large Cap Core Plus

CSM Description

The investment seeks investment results before fees and expenses that track the performance of the Credit Suisse 130/30 Large Cap Index (the "index"). The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should track the performance of the index. The index is designed to replicate an investment strategy that establishes either long or short positions in the stocks of 500 leading large-cap U.S. companies (the "Universe") by applying a rules-based ranking and weighting methodology. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$67.68

Average Daily Volume

7,638

Number of Holdings ^*

307

* may have additional holdings in another (foreign) market

Performance

Period	TVAL	CSM
30 Days	2.98%	2.89%
60 Days	4.22%	4.45%
90 Days	5.88%	6.39%
12 Months	29.14%	32.21%

82 Overlapping Holdings

Symbol	Grade	Weight in TVAL	Weight in CSM	Overlap
A	D	0.33%	0.29%	0.29%
ABBV	D	0.36%	0.35%	0.35%
ACN	C	0.7%	0.05%	0.05%
ALL	A	0.39%	0.38%	0.38%
AMAT	F	0.38%	0.21%	0.21%
AMD	F	0.22%	0.15%	0.15%
AME	A	0.31%	0.38%	0.31%
AVB	B	1.22%	0.35%	0.35%
BAC	A	1.89%	0.29%	0.29%
BAX	D	0.5%	0.25%	0.25%
BDX	F	1.01%	0.37%	0.37%
BKR	B	0.35%	0.39%	0.35%
CAG	D	0.4%	0.1%	0.1%
CI	F	0.87%	0.38%	0.38%
CMCSA	B	0.46%	0.23%	0.23%
CME	A	0.23%	0.4%	0.23%
COF	B	0.33%	0.27%	0.27%
CSX	B	0.49%	0.25%	0.25%
CVS	D	0.23%	0.2%	0.2%
CVX	A	0.73%	0.09%	0.09%
DHR	F	0.65%	0.03%	0.03%
DIS	B	0.2%	0.1%	0.1%
DTE	C	0.17%	0.3%	0.17%
EQIX	A	0.16%	0.26%	0.16%
FANG	D	0.43%	0.32%	0.32%
FITB	A	0.77%	0.15%	0.15%
GE	D	1.21%	0.57%	0.57%
GOOG	C	0.95%	1.02%	0.95%
HAL	C	0.22%	0.23%	0.22%
HBAN	A	0.45%	0.28%	0.28%
HCA	F	0.45%	0.15%	0.15%
HD	A	0.63%	0.31%	0.31%
HIG	B	1.96%	0.33%	0.33%
HWM	A	0.48%	0.39%	0.39%
IP	B	0.64%	0.06%	0.06%
JNJ	D	1.82%	0.4%	0.4%
JPM	A	1.23%	0.69%	0.69%
KDP	D	0.4%	0.12%	0.12%
KMB	D	0.66%	0.32%	0.32%
KO	D	0.72%	0.12%	0.12%
LEN	D	0.42%	0.32%	0.32%
LIN	D	0.73%	0.08%	0.08%
LLY	F	1.19%	0.91%	0.91%
MAR	B	0.47%	0.09%	0.09%
MCD	D	0.46%	0.03%	0.03%
MCK	B	0.8%	0.45%	0.45%
MET	A	0.22%	0.24%	0.22%
META	D	0.87%	1.6%	0.87%
MGM	D	0.24%	0.18%	0.18%
MMC	B	0.67%	0.04%	0.04%
MOH	F	0.28%	0.16%	0.16%
MRK	F	0.8%	0.62%	0.62%
MSFT	F	0.65%	4.32%	0.65%
MSI	B	0.34%	0.23%	0.23%
MU	D	0.45%	0.44%	0.44%
NWSA	B	0.75%	0.12%	0.12%
OTIS	C	0.3%	0.32%	0.3%
PG	A	0.72%	0.4%	0.4%
PGR	A	0.48%	0.23%	0.23%
PLD	D	0.34%	0.33%	0.33%
PM	B	1.41%	0.04%	0.04%
PSA	D	0.44%	0.14%	0.14%
QCOM	F	1.08%	0.5%	0.5%
ROP	B	0.29%	0.12%	0.12%
RSG	A	0.62%	0.34%	0.34%
SO	D	1.67%	0.26%	0.26%
STLD	B	0.32%	0.14%	0.14%
SWK	D	1.1%	0.25%	0.25%
TJX	A	0.29%	0.48%	0.29%
TMO	F	1.12%	0.55%	0.55%
TMUS	B	0.88%	0.5%	0.5%
TT	A	0.31%	0.43%	0.31%
UAL	A	0.31%	0.42%	0.31%
UNH	C	1.9%	0.52%	0.52%
VRTX	F	0.29%	0.46%	0.29%
VZ	C	0.58%	0.05%	0.05%
WDC	D	0.6%	0.22%	0.22%
WFC	A	1.77%	0.15%	0.15%
WMT	A	1.89%	0.24%	0.24%
WY	D	0.88%	0.3%	0.3%
XOM	B	2.56%	0.51%	0.51%
ZTS	D	0.23%	0.15%	0.15%

TVAL Overweight 62 Positions Relative to CSM

Symbol	Grade	Weight
CB	C	2.23%
ELV	F	1.81%
FI	A	1.53%
KVUE	A	1.49%
LHX	C	1.36%
COP	C	1.25%
CMI	A	1.09%
EQH	B	1.0%
SCHW	B	0.89%
AIG	B	0.87%
ZBH	C	0.85%
CL	D	0.84%
EOG	A	0.82%
C	A	0.81%
VST	B	0.74%
NSC	B	0.74%
TXN	C	0.7%
HUBB	B	0.7%
GEV	B	0.7%
TTE	F	0.7%
HON	B	0.68%
SRE	A	0.68%
AEE	A	0.65%
NEE	D	0.59%
USB	A	0.56%
BA	F	0.56%
MS	A	0.56%
D	C	0.55%
AZO	C	0.52%
RPM	A	0.52%
ROK	B	0.52%
CF	B	0.52%
REXR	F	0.48%
AZN	D	0.47%
WMB	A	0.46%
EQT	B	0.46%
APO	B	0.46%
TDG	D	0.46%
ARES	A	0.45%
BLK	C	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%
TSM	B	0.39%
YUM	B	0.36%
KEYS	A	0.35%
ADI	D	0.35%
EFX	F	0.33%
CAT	B	0.3%
UPS	C	0.28%
CARR	D	0.27%
MCHP	D	0.27%
AXP	A	0.26%
SPGI	C	0.26%
CDW	F	0.25%
VMC	B	0.22%
BHP	F	0.2%
AVY	D	0.19%
SNY	F	0.19%

TVAL Underweight 225 Positions Relative to CSM

Symbol	Grade	Weight
NVDA	C	-4.99%
AAPL	C	-4.66%
AMZN	C	-2.77%
GOOGL	C	-1.27%
AVGO	D	-1.22%
TSLA	B	-0.97%
BRK.A	B	-0.96%
CRM	B	-0.83%
INTU	C	-0.58%
ADBE	C	-0.52%
BMY	B	-0.49%
NFLX	A	-0.46%
PH	A	-0.45%
APH	A	-0.44%
V	A	-0.43%
ETN	A	-0.42%
RCL	A	-0.42%
SNPS	B	-0.42%
WELL	A	-0.42%
TRGP	B	-0.4%
RJF	A	-0.4%
GM	B	-0.4%
SNA	A	-0.39%
SYF	B	-0.39%
UBER	D	-0.39%
MA	C	-0.38%
CCL	B	-0.38%
NOC	D	-0.38%
GRMN	B	-0.37%
LDOS	C	-0.37%
ETR	B	-0.37%
GDDY	A	-0.37%
KR	B	-0.36%
INCY	C	-0.36%
MCO	B	-0.36%
CBRE	B	-0.35%
TROW	B	-0.35%
APD	A	-0.35%
CTSH	B	-0.35%
LYV	A	-0.35%
XEL	A	-0.35%
CDNS	B	-0.35%
NCLH	B	-0.35%
DUK	C	-0.34%
TSN	B	-0.34%
MTB	A	-0.34%
FFIV	B	-0.34%
BRO	B	-0.34%
TAP	C	-0.34%
CAH	B	-0.34%
VICI	C	-0.33%
L	A	-0.33%
FTNT	C	-0.33%
IR	B	-0.33%
NRG	B	-0.33%
PNR	A	-0.33%
EQR	B	-0.33%
COR	B	-0.33%
TGT	F	-0.33%
EIX	B	-0.32%
RL	B	-0.32%
PEP	F	-0.32%
COST	B	-0.32%
AIZ	A	-0.32%
BEN	C	-0.32%
CNP	B	-0.32%
PAYC	B	-0.32%
VTR	C	-0.31%
ANET	C	-0.31%
HST	C	-0.31%
SLB	C	-0.31%
STE	F	-0.31%
PHM	D	-0.3%
ACGL	D	-0.3%
DVN	F	-0.3%
FRT	B	-0.3%
FDX	B	-0.29%
VTRS	A	-0.29%
EXC	C	-0.29%
PRU	A	-0.29%
UHS	D	-0.29%
HPQ	B	-0.29%
CPT	B	-0.29%
NTRS	A	-0.29%
PCG	A	-0.29%
IEX	B	-0.29%
IVZ	B	-0.29%
CRL	C	-0.28%
MAA	B	-0.28%
INVH	D	-0.28%
EMN	D	-0.28%
MTD	D	-0.28%
STX	D	-0.28%
CBOE	B	-0.28%
LYB	F	-0.27%
BBY	D	-0.26%
XYL	D	-0.26%
CNC	D	-0.26%
TXT	D	-0.26%
FOXA	B	-0.26%
WAB	B	-0.26%
ROL	B	-0.26%
IQV	D	-0.25%
VRSN	F	-0.25%
PYPL	B	-0.25%
INTC	D	-0.25%
EG	C	-0.25%
MDT	D	-0.25%
BG	F	-0.24%
HII	D	-0.24%
GILD	C	-0.24%
OMC	C	-0.23%
DHI	D	-0.23%
PPG	F	-0.23%
DG	F	-0.22%
EMR	A	-0.22%
TFX	F	-0.21%
NI	A	-0.21%
KMX	B	-0.21%
GL	B	-0.21%
EL	F	-0.21%
APA	D	-0.21%
DOC	D	-0.21%
REG	B	-0.2%
EA	A	-0.2%
RMD	C	-0.2%
APTV	D	-0.2%
T	A	-0.2%
LMT	D	-0.2%
GEHC	F	-0.2%
SWKS	F	-0.2%
PANW	C	-0.2%
CFG	B	-0.19%
AES	F	-0.19%
CRWD	B	-0.19%
AKAM	D	-0.19%
QRVO	F	-0.19%
PARA	C	-0.19%
SJM	D	-0.18%
GEN	B	-0.18%
BX	A	-0.18%
DFS	B	-0.18%
OKE	A	-0.18%
ADSK	A	-0.17%
LRCX	F	-0.17%
CE	F	-0.16%
TPR	B	-0.16%
ABNB	C	-0.16%
BLDR	D	-0.16%
MSCI	C	-0.15%
F	C	-0.15%
BWA	D	-0.15%
WBA	F	-0.15%
NOW	A	-0.14%
GPC	D	-0.14%
BIIB	F	-0.14%
HES	B	-0.14%
WTW	B	-0.14%
SPG	B	-0.14%
URI	B	-0.13%
BK	A	-0.13%
SYY	B	-0.13%
TDY	B	-0.13%
ORCL	B	-0.13%
PNW	B	-0.13%
IPG	D	-0.12%
FCX	D	-0.12%
PFE	D	-0.12%
ON	D	-0.12%
KMI	A	-0.12%
JKHY	D	-0.12%
PSX	C	-0.12%
PFG	D	-0.11%
TRV	B	-0.11%
ALLE	D	-0.11%
KHC	F	-0.11%
HOLX	D	-0.11%
FSLR	F	-0.1%
CTVA	C	-0.1%
FE	C	-0.1%
LKQ	D	-0.1%
ISRG	A	-0.09%
NEM	D	-0.09%
DAY	B	-0.09%
CPB	D	-0.09%
LULU	C	-0.09%
VLO	C	-0.08%
JBL	B	-0.08%
DXCM	D	-0.08%
NUE	C	-0.08%
WRB	A	-0.08%
FTV	C	-0.07%
FIS	C	-0.07%
EBAY	D	-0.07%
MTCH	D	-0.07%
PAYX	C	-0.07%
DLR	B	-0.07%
ABT	B	-0.06%
AOS	F	-0.06%
CHD	B	-0.06%
HRL	D	-0.06%
CLX	B	-0.06%
TRMB	B	-0.05%
PKG	A	-0.05%
EPAM	C	-0.05%
RF	A	-0.05%
DPZ	C	-0.05%
MKC	D	-0.05%
CSGP	D	-0.04%
AMGN	D	-0.04%
WM	A	-0.04%
ROST	C	-0.04%
PTC	A	-0.04%
J	F	-0.04%
CSCO	B	-0.04%
FAST	B	-0.04%
MAS	D	-0.04%
WYNN	D	-0.04%
CMG	B	-0.04%
LOW	D	-0.04%
FDS	B	-0.04%
SMCI	F	-0.03%
IBM	C	-0.03%
FMC	D	-0.03%
ARE	D	-0.03%