TVAL vs. ESMV ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF (TVAL) to iShares ESG MSCI USA Min Vol Factor ETF (ESMV)

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

ESMV

iShares ESG MSCI USA Min Vol Factor ETF

ESMV Description

iShares ESG MSCI USA Min Vol Factor ETF is an exchange traded fund launched by BlackRock, Inc. The fund is managed by BlackRock Fund Advisors. It invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in less volatile stocks of companies across diversified market capitalization. The fund invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. It seeks to track the performance of the MSCI USA Minimum Volatility Extended ESG Reduced Carbon Target Index, by using representative sampling technique. iShares ESG MSCI USA Min Vol Factor ETF is domiciled in the United States

Grade (RS Rating)

Last Trade

$29.49

Average Daily Volume

4,983

Number of Holdings ^*

150

* may have additional holdings in another (foreign) market

Performance

Period	TVAL	ESMV
30 Days	2.98%	2.11%
60 Days	4.22%	2.84%
90 Days	5.88%	4.91%
12 Months	29.14%	24.44%

44 Overlapping Holdings

Symbol	Grade	Weight in TVAL	Weight in ESMV	Overlap
ACN	C	0.7%	1.33%	0.7%
AZO	C	0.52%	0.41%	0.41%
CI	F	0.87%	0.44%	0.44%
CL	D	0.84%	1.21%	0.84%
CMCSA	B	0.46%	0.09%	0.09%
CME	A	0.23%	0.43%	0.23%
CVX	A	0.73%	0.34%	0.34%
ELV	F	1.81%	0.51%	0.51%
EQIX	A	0.16%	0.74%	0.16%
FI	A	1.53%	0.34%	0.34%
HD	A	0.63%	1.39%	0.63%
HON	B	0.68%	0.69%	0.68%
JNJ	D	1.82%	0.97%	0.97%
KDP	D	0.4%	0.16%	0.16%
KEYS	A	0.35%	0.83%	0.35%
KMB	D	0.66%	0.55%	0.55%
KO	D	0.72%	0.79%	0.72%
LIN	D	0.73%	0.1%	0.1%
LLY	F	1.19%	1.25%	1.19%
MCD	D	0.46%	1.02%	0.46%
MCK	B	0.8%	1.38%	0.8%
MMC	B	0.67%	1.4%	0.67%
MRK	F	0.8%	1.01%	0.8%
MSFT	F	0.65%	1.34%	0.65%
MSI	B	0.34%	1.81%	0.34%
NEE	D	0.59%	0.5%	0.5%
OTIS	C	0.3%	0.21%	0.21%
PG	A	0.72%	1.06%	0.72%
PGR	A	0.48%	1.33%	0.48%
REGN	F	0.42%	0.65%	0.42%
ROP	B	0.29%	1.31%	0.29%
RSG	A	0.62%	0.18%	0.18%
SPGI	C	0.26%	1.07%	0.26%
SRE	A	0.68%	0.53%	0.53%
TJX	A	0.29%	0.06%	0.06%
TMUS	B	0.88%	1.65%	0.88%
TT	A	0.31%	1.23%	0.31%
TXN	C	0.7%	1.39%	0.7%
UNH	C	1.9%	1.36%	1.36%
UPS	C	0.28%	0.15%	0.15%
VRTX	F	0.29%	1.39%	0.29%
VZ	C	0.58%	1.37%	0.58%
YUM	B	0.36%	0.39%	0.36%
ZTS	D	0.23%	0.63%	0.23%

TVAL Overweight 100 Positions Relative to ESMV

Symbol	Grade	Weight
XOM	B	2.56%
CB	C	2.23%
HIG	B	1.96%
WMT	A	1.89%
BAC	A	1.89%
WFC	A	1.77%
SO	D	1.67%
KVUE	A	1.49%
PM	B	1.41%
LHX	C	1.36%
COP	C	1.25%
JPM	A	1.23%
AVB	B	1.22%
GE	D	1.21%
TMO	F	1.12%
SWK	D	1.1%
CMI	A	1.09%
QCOM	F	1.08%
BDX	F	1.01%
EQH	B	1.0%
GOOG	C	0.95%
SCHW	B	0.89%
WY	D	0.88%
META	D	0.87%
AIG	B	0.87%
ZBH	C	0.85%
EOG	A	0.82%
C	A	0.81%
FITB	A	0.77%
NWSA	B	0.75%
VST	B	0.74%
NSC	B	0.74%
HUBB	B	0.7%
GEV	B	0.7%
TTE	F	0.7%
AEE	A	0.65%
DHR	F	0.65%
IP	B	0.64%
WDC	D	0.6%
USB	A	0.56%
BA	F	0.56%
MS	A	0.56%
D	C	0.55%
RPM	A	0.52%
ROK	B	0.52%
CF	B	0.52%
BAX	D	0.5%
CSX	B	0.49%
HWM	A	0.48%
REXR	F	0.48%
AZN	D	0.47%
MAR	B	0.47%
WMB	A	0.46%
EQT	B	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	D	0.44%
BLK	C	0.43%
FANG	D	0.43%
MDLZ	F	0.43%
UNP	C	0.42%
CPAY	A	0.42%
LEN	D	0.42%
LVS	C	0.41%
LAMR	D	0.4%
CAG	D	0.4%
TSM	B	0.39%
ALL	A	0.39%
AMAT	F	0.38%
ABBV	D	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%
STLD	B	0.32%
UAL	A	0.31%
AME	A	0.31%
CAT	B	0.3%
MOH	F	0.28%
CARR	D	0.27%
MCHP	D	0.27%
AXP	A	0.26%
CDW	F	0.25%
MGM	D	0.24%
CVS	D	0.23%
HAL	C	0.22%
VMC	B	0.22%
AMD	F	0.22%
MET	A	0.22%
BHP	F	0.2%
DIS	B	0.2%
AVY	D	0.19%
SNY	F	0.19%
DTE	C	0.17%

TVAL Underweight 106 Positions Relative to ESMV

Symbol	Grade	Weight
NVDA	C	-1.69%
GWW	B	-1.68%
IBM	C	-1.66%
TRV	B	-1.64%
PEG	A	-1.64%
CSCO	B	-1.48%
WM	A	-1.44%
NOC	D	-1.43%
ADP	B	-1.43%
EA	A	-1.31%
HES	B	-1.3%
FERG	B	-1.3%
GILD	C	-1.29%
ED	D	-1.26%
OKE	A	-1.24%
GIS	D	-1.22%
AMGN	D	-1.2%
ORCL	B	-1.19%
V	A	-1.13%
CDNS	B	-1.11%
KR	B	-1.09%
VLTO	D	-1.01%
PEP	F	-1.01%
NEM	D	-0.99%
MA	C	-0.97%
ADBE	C	-0.93%
LOW	D	-0.89%
K	A	-0.86%
TRGP	B	-0.82%
PTC	A	-0.78%
WDAY	B	-0.77%
HUBS	A	-0.77%
COR	B	-0.77%
HPE	B	-0.75%
CRH	A	-0.75%
CRM	B	-0.74%
IT	C	-0.72%
DGX	A	-0.7%
CMS	C	-0.58%
FICO	B	-0.54%
AAPL	C	-0.52%
HOLX	D	-0.51%
CBRE	B	-0.51%
CHRW	C	-0.49%
JNPR	F	-0.45%
MELI	D	-0.44%
RTX	C	-0.43%
UBER	D	-0.42%
DECK	A	-0.41%
CHD	B	-0.41%
ODFL	B	-0.4%
ES	D	-0.4%
T	A	-0.4%
ICE	C	-0.39%
GEN	B	-0.38%
STX	D	-0.36%
HRL	D	-0.35%
KHC	F	-0.34%
CLX	B	-0.34%
INTC	D	-0.34%
AMCR	D	-0.34%
CPB	D	-0.33%
SNPS	B	-0.33%
NXPI	D	-0.32%
ECL	D	-0.32%
VRSN	F	-0.32%
PSX	C	-0.32%
HUM	C	-0.31%
CNH	C	-0.31%
BR	A	-0.31%
CTSH	B	-0.3%
AKAM	D	-0.3%
LKQ	D	-0.3%
BMY	B	-0.28%
ALNY	D	-0.28%
TSCO	D	-0.27%
INCY	C	-0.26%
AJG	B	-0.25%
XYL	D	-0.25%
JCI	C	-0.24%
FCNCA	A	-0.24%
ADSK	A	-0.23%
AWK	D	-0.22%
FSLR	F	-0.19%
AIZ	A	-0.19%
GDDY	A	-0.19%
INTU	C	-0.18%
WTW	B	-0.17%
ULTA	F	-0.17%
NOW	A	-0.17%
AZPN	A	-0.17%
NTAP	C	-0.15%
TEAM	A	-0.14%
DPZ	C	-0.13%
JKHY	D	-0.13%
FFIV	B	-0.12%
MKC	D	-0.12%
SOLV	C	-0.11%
LDOS	C	-0.11%
MPC	D	-0.1%
FAST	B	-0.08%
CAH	B	-0.08%
KNX	B	-0.07%
HII	D	-0.06%
AON	A	-0.06%
EXC	C	-0.05%