TVAL vs. EQRR ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF (TVAL) to ProShares Equities for Rising Rates ETF (EQRR)

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

$32.91

Average Daily Volume

12,620

Number of Holdings ^*

144

* may have additional holdings in another (foreign) market

EQRR

ProShares Equities for Rising Rates ETF

EQRR Description

The investment seeks investment results, before fees and expenses, that track the performance of the Nasdaq U.S. Large Cap Equities for Rising Rates Index (the index). The fund invests in securities that ProShare Advisors believes, in combination, should track the performance of the index. Under normal circumstances, the fund will invest at least 80% of its total assets in component securities. The index consists of 50 companies whose stock prices historically have tended to outperform the Universe during periods of rising interest rates.

Grade (RS Rating)

Last Trade

$62.10

Average Daily Volume

796

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TVAL	EQRR
30 Days	2.08%	5.80%
60 Days	3.98%	7.62%
90 Days	5.24%	6.62%
12 Months	28.36%	25.47%

19 Overlapping Holdings

Symbol	Grade	Weight in TVAL	Weight in EQRR	Overlap
AIG	B	0.87%	1.96%	0.87%
AZO	C	0.52%	1.39%	0.52%
CF	A	0.52%	0.95%	0.52%
COP	C	1.25%	3.07%	1.25%
CVS	D	0.23%	2.13%	0.23%
EOG	A	0.82%	3.14%	0.82%
FANG	C	0.43%	3.04%	0.43%
HAL	C	0.22%	2.99%	0.22%
HIG	B	1.96%	1.89%	1.89%
IP	A	0.64%	1.1%	0.64%
JPM	A	1.23%	2.18%	1.23%
LIN	C	0.73%	0.9%	0.73%
MAR	A	0.47%	1.59%	0.47%
MCK	A	0.8%	2.96%	0.8%
MET	A	0.22%	1.9%	0.22%
STLD	B	0.32%	1.04%	0.32%
UAL	A	0.31%	2.24%	0.31%
WFC	A	1.77%	2.47%	1.77%
XOM	B	2.56%	2.96%	2.56%

TVAL Overweight 125 Positions Relative to EQRR

Symbol	Grade	Weight
CB	C	2.23%
UNH	B	1.9%
WMT	A	1.89%
BAC	A	1.89%
JNJ	C	1.82%
ELV	F	1.81%
SO	C	1.67%
FI	A	1.53%
KVUE	A	1.49%
PM	B	1.41%
LHX	C	1.36%
AVB	B	1.22%
GE	D	1.21%
LLY	F	1.19%
TMO	F	1.12%
SWK	D	1.1%
CMI	A	1.09%
QCOM	F	1.08%
BDX	F	1.01%
EQH	C	1.0%
GOOG	C	0.95%
SCHW	B	0.89%
TMUS	B	0.88%
WY	F	0.88%
META	D	0.87%
CI	D	0.87%
ZBH	C	0.85%
CL	D	0.84%
C	A	0.81%
MRK	D	0.8%
FITB	B	0.77%
NWSA	A	0.75%
VST	A	0.74%
NSC	B	0.74%
CVX	A	0.73%
KO	D	0.72%
PG	C	0.72%
TXN	C	0.7%
HUBB	B	0.7%
ACN	B	0.7%
GEV	B	0.7%
TTE	F	0.7%
HON	C	0.68%
SRE	A	0.68%
MMC	B	0.67%
KMB	C	0.66%
MSFT	D	0.65%
AEE	A	0.65%
DHR	F	0.65%
HD	B	0.63%
RSG	A	0.62%
WDC	D	0.6%
NEE	C	0.59%
VZ	C	0.58%
USB	A	0.56%
BA	F	0.56%
MS	A	0.56%
D	C	0.55%
RPM	A	0.52%
ROK	C	0.52%
BAX	F	0.5%
CSX	C	0.49%
HWM	A	0.48%
REXR	F	0.48%
PGR	A	0.48%
AZN	F	0.47%
WMB	A	0.46%
CMCSA	B	0.46%
EQT	B	0.46%
MCD	D	0.46%
APO	B	0.46%
TDG	D	0.46%
HBAN	A	0.45%
ARES	A	0.45%
MU	D	0.45%
HCA	F	0.45%
PSA	C	0.44%
BLK	B	0.43%
MDLZ	F	0.43%
REGN	F	0.42%
UNP	C	0.42%
CPAY	A	0.42%
LEN	D	0.42%
LVS	B	0.41%
LAMR	C	0.4%
KDP	F	0.4%
CAG	F	0.4%
TSM	B	0.39%
ALL	A	0.39%
AMAT	F	0.38%
ABBV	F	0.36%
YUM	D	0.36%
BKR	A	0.35%
KEYS	A	0.35%
ADI	D	0.35%
PLD	F	0.34%
MSI	B	0.34%
EFX	F	0.33%
A	D	0.33%
COF	C	0.33%
TT	A	0.31%
AME	A	0.31%
OTIS	C	0.3%
CAT	B	0.3%
VRTX	D	0.29%
ROP	B	0.29%
TJX	A	0.29%
MOH	F	0.28%
UPS	C	0.28%
CARR	C	0.27%
MCHP	F	0.27%
AXP	A	0.26%
SPGI	C	0.26%
CDW	F	0.25%
MGM	D	0.24%
ZTS	D	0.23%
CME	B	0.23%
VMC	B	0.22%
AMD	F	0.22%
BHP	F	0.2%
DIS	B	0.2%
AVY	F	0.19%
SNY	F	0.19%
DTE	C	0.17%
EQIX	A	0.16%

TVAL Underweight 31 Positions Relative to EQRR

Symbol	Grade	Weight
CTRA	B	-3.05%
VLO	C	-2.93%
SLB	C	-2.92%
PSX	C	-2.82%
MPC	D	-2.75%
LPLA	A	-2.58%
COR	B	-2.57%
MO	A	-2.57%
RJF	A	-2.48%
CTVA	C	-2.32%
STZ	D	-2.22%
HSY	F	-2.19%
BG	D	-2.14%
CPB	D	-2.13%
ADM	D	-2.07%
RGA	A	-2.02%
WRB	A	-2.0%
PRU	A	-1.97%
DAL	B	-1.79%
GM	C	-1.76%
FOXA	A	-1.6%
HLT	A	-1.52%
ORLY	B	-1.52%
UBER	F	-1.34%
GPC	D	-1.25%
FAST	B	-1.09%
RS	B	-1.01%
NUE	C	-0.92%
LYB	F	-0.81%
FCX	F	-0.8%
WLK	D	-0.8%