TVAL vs. FDWM ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF (TVAL) to Fidelity Women's Leadership ETF (FDWM)

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

FDWM

Fidelity Women's Leadership ETF

FDWM Description

The investment seeks long-term growth of capital. The Advisor normally invests at least 80% of assets in equity securities of companies that prioritize and advance women's leadership and development. The Adviser may invest the fund's assets in securities of foreign issuers in addition to securities of domestic issuers. The fund may invest a significant percentage of its assets in relatively few companies and may invest up to 25% in a single company. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$23.72

Average Daily Volume

241

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	TVAL	FDWM
30 Days	2.98%	2.79%
60 Days	4.22%	2.73%
90 Days	5.88%	4.82%
12 Months	29.14%	24.93%

27 Overlapping Holdings

Symbol	Grade	Weight in TVAL	Weight in FDWM	Overlap
ACN	C	0.7%	2.03%	0.7%
AMD	F	0.22%	1.19%	0.22%
BAC	A	1.89%	1.11%	1.11%
BKR	B	0.35%	1.04%	0.35%
C	A	0.81%	0.98%	0.81%
CDW	F	0.25%	1.23%	0.25%
CI	F	0.87%	1.69%	0.87%
DIS	B	0.2%	1.93%	0.2%
ELV	F	1.81%	0.92%	0.92%
EQT	B	0.46%	0.52%	0.46%
GEV	B	0.7%	0.96%	0.7%
GOOG	C	0.95%	2.61%	0.95%
HBAN	A	0.45%	0.65%	0.45%
HIG	B	1.96%	1.04%	1.04%
JPM	A	1.23%	1.5%	1.23%
MMC	B	0.67%	0.93%	0.67%
MRK	F	0.8%	0.68%	0.68%
MSFT	F	0.65%	3.66%	0.65%
MU	D	0.45%	0.87%	0.45%
NEE	D	0.59%	1.0%	0.59%
OTIS	C	0.3%	0.71%	0.3%
PGR	A	0.48%	1.73%	0.48%
PSA	D	0.44%	0.75%	0.44%
UPS	C	0.28%	0.77%	0.28%
USB	A	0.56%	0.56%	0.56%
VRTX	F	0.29%	0.59%	0.29%
ZTS	D	0.23%	0.78%	0.23%

TVAL Overweight 117 Positions Relative to FDWM

Symbol	Grade	Weight
XOM	B	2.56%
CB	C	2.23%
UNH	C	1.9%
WMT	A	1.89%
JNJ	D	1.82%
WFC	A	1.77%
SO	D	1.67%
FI	A	1.53%
KVUE	A	1.49%
PM	B	1.41%
LHX	C	1.36%
COP	C	1.25%
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	B	1.0%
SCHW	B	0.89%
TMUS	B	0.88%
WY	D	0.88%
META	D	0.87%
AIG	B	0.87%
ZBH	C	0.85%
CL	D	0.84%
EOG	A	0.82%
MCK	B	0.8%
FITB	A	0.77%
NWSA	B	0.75%
VST	B	0.74%
NSC	B	0.74%
CVX	A	0.73%
LIN	D	0.73%
KO	D	0.72%
PG	A	0.72%
TXN	C	0.7%
HUBB	B	0.7%
TTE	F	0.7%
HON	B	0.68%
SRE	A	0.68%
KMB	D	0.66%
AEE	A	0.65%
DHR	F	0.65%
IP	B	0.64%
HD	A	0.63%
RSG	A	0.62%
WDC	D	0.6%
VZ	C	0.58%
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%
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%
CMCSA	B	0.46%
MCD	D	0.46%
APO	B	0.46%
TDG	D	0.46%
ARES	A	0.45%
HCA	F	0.45%
BLK	C	0.43%
FANG	D	0.43%
MDLZ	F	0.43%
REGN	F	0.42%
UNP	C	0.42%
CPAY	A	0.42%
LEN	D	0.42%
LVS	C	0.41%
LAMR	D	0.4%
KDP	D	0.4%
CAG	D	0.4%
TSM	B	0.39%
ALL	A	0.39%
AMAT	F	0.38%
ABBV	D	0.36%
YUM	B	0.36%
KEYS	A	0.35%
ADI	D	0.35%
PLD	D	0.34%
MSI	B	0.34%
EFX	F	0.33%
A	D	0.33%
COF	B	0.33%
STLD	B	0.32%
UAL	A	0.31%
TT	A	0.31%
AME	A	0.31%
CAT	B	0.3%
ROP	B	0.29%
TJX	A	0.29%
MOH	F	0.28%
CARR	D	0.27%
MCHP	D	0.27%
AXP	A	0.26%
SPGI	C	0.26%
MGM	D	0.24%
CVS	D	0.23%
CME	A	0.23%
HAL	C	0.22%
VMC	B	0.22%
MET	A	0.22%
BHP	F	0.2%
AVY	D	0.19%
SNY	F	0.19%
DTE	C	0.17%
EQIX	A	0.16%

TVAL Underweight 74 Positions Relative to FDWM

Symbol	Grade	Weight
AAPL	C	-4.35%
NVDA	C	-3.24%
AMZN	C	-2.56%
HOLX	D	-1.76%
CRM	B	-1.62%
ANET	C	-1.41%
WSM	B	-1.4%
ADBE	C	-1.32%
HUBS	A	-1.21%
VTR	C	-1.16%
NXPI	D	-1.16%
CNC	D	-1.13%
PODD	C	-1.1%
MA	C	-1.09%
MRVL	B	-1.08%
ALNY	D	-1.0%
WEX	D	-0.99%
FSLR	F	-0.98%
NDAQ	A	-0.95%
ETN	A	-0.94%
LDOS	C	-0.94%
ULTA	F	-0.94%
GEN	B	-0.93%
TMHC	B	-0.92%
DE	A	-0.92%
PH	A	-0.87%
INTU	C	-0.85%
CLX	B	-0.83%
FIS	C	-0.82%
EL	F	-0.8%
CBT	C	-0.78%
HLT	A	-0.78%
NSIT	F	-0.76%
FSS	B	-0.74%
SAIC	F	-0.71%
RRX	B	-0.7%
BALL	D	-0.69%
GSK	F	-0.67%
AR	B	-0.66%
NFLX	A	-0.66%
ETSY	D	-0.64%
EMN	D	-0.62%
ICLR	D	-0.61%
EXAS	D	-0.61%
BBY	D	-0.61%
CE	F	-0.57%
OLED	D	-0.57%
SUM	B	-0.57%
OXY	D	-0.55%
PINS	D	-0.55%
SBUX	A	-0.55%
LOW	D	-0.54%
DELL	C	-0.53%
NVT	B	-0.51%
TPR	B	-0.51%
ATI	D	-0.51%
HSY	F	-0.5%
BG	F	-0.47%
MAN	D	-0.47%
WRBY	B	-0.45%
MTN	C	-0.44%
VLTO	D	-0.42%
NKE	D	-0.37%
RUN	F	-0.36%
AMN	F	-0.36%
ARCB	C	-0.34%
ZLAB	C	-0.31%
PD	C	-0.29%
ELF	C	-0.28%
GAP	C	-0.24%
RDUS	C	-0.24%
SEDG	F	-0.21%
MLKN	D	-0.2%
SAGE	F	-0.08%