TVAL vs. FTC ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF (TVAL) to First Trust Large Cap Growth AlphaDEX Fund (based on the Defined Large Cap Growth Index) (FTC)

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

FTC

First Trust Large Cap Growth AlphaDEX Fund (based on the Defined Large Cap Growth Index)

FTC Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Defined Large Cap Growth Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by S&P to objectively identify and select stocks from the S&P 500(R) Growth Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$146.37

Average Daily Volume

33,503

Number of Holdings ^*

186

* may have additional holdings in another (foreign) market

Performance

Period	TVAL	FTC
30 Days	2.98%	9.08%
60 Days	4.22%	12.23%
90 Days	5.88%	15.96%
12 Months	29.14%	42.15%

47 Overlapping Holdings

Symbol	Grade	Weight in TVAL	Weight in FTC	Overlap
A	D	0.33%	0.14%	0.14%
ALL	A	0.39%	0.86%	0.39%
APO	B	0.46%	0.64%	0.46%
ARES	A	0.45%	0.36%	0.36%
AVB	B	1.22%	0.16%	0.16%
AXP	A	0.26%	0.89%	0.26%
AZO	C	0.52%	0.33%	0.33%
CAT	B	0.3%	0.66%	0.3%
CL	D	0.84%	0.43%	0.43%
CPAY	A	0.42%	0.39%	0.39%
EFX	F	0.33%	0.43%	0.33%
EQIX	A	0.16%	0.16%	0.16%
FI	A	1.53%	0.78%	0.78%
GE	D	1.21%	0.63%	0.63%
HCA	F	0.45%	0.71%	0.45%
HUBB	B	0.7%	0.5%	0.5%
HWM	A	0.48%	0.94%	0.48%
JPM	A	1.23%	0.76%	0.76%
KMB	D	0.66%	0.15%	0.15%
KO	D	0.72%	0.29%	0.29%
LIN	D	0.73%	0.15%	0.15%
LLY	F	1.19%	0.3%	0.3%
LVS	C	0.41%	0.47%	0.41%
MAR	B	0.47%	0.38%	0.38%
MCD	D	0.46%	0.33%	0.33%
META	D	0.87%	0.67%	0.67%
MMC	B	0.67%	0.33%	0.33%
MSI	B	0.34%	0.73%	0.34%
MU	D	0.45%	0.16%	0.16%
NEE	D	0.59%	0.59%	0.59%
OTIS	C	0.3%	0.32%	0.3%
PG	A	0.72%	0.16%	0.16%
PGR	A	0.48%	0.85%	0.48%
PM	B	1.41%	0.7%	0.7%
PSA	D	0.44%	0.44%	0.44%
QCOM	F	1.08%	0.16%	0.16%
RSG	A	0.62%	0.35%	0.35%
SO	D	1.67%	0.47%	0.47%
SPGI	C	0.26%	0.48%	0.26%
TDG	D	0.46%	0.59%	0.46%
TJX	A	0.29%	0.5%	0.29%
TMUS	B	0.88%	0.77%	0.77%
TT	A	0.31%	0.88%	0.31%
VRTX	F	0.29%	0.17%	0.17%
VST	B	0.74%	0.97%	0.74%
WMB	A	0.46%	0.41%	0.41%
ZTS	D	0.23%	0.14%	0.14%

TVAL Overweight 97 Positions Relative to FTC

Symbol	Grade	Weight
XOM	B	2.56%
CB	C	2.23%
HIG	B	1.96%
UNH	C	1.9%
WMT	A	1.89%
BAC	A	1.89%
JNJ	D	1.82%
ELV	F	1.81%
WFC	A	1.77%
KVUE	A	1.49%
LHX	C	1.36%
COP	C	1.25%
TMO	F	1.12%
SWK	D	1.1%
CMI	A	1.09%
BDX	F	1.01%
EQH	B	1.0%
GOOG	C	0.95%
SCHW	B	0.89%
WY	D	0.88%
AIG	B	0.87%
CI	F	0.87%
ZBH	C	0.85%
EOG	A	0.82%
C	A	0.81%
MCK	B	0.8%
MRK	F	0.8%
FITB	A	0.77%
NWSA	B	0.75%
NSC	B	0.74%
CVX	A	0.73%
TXN	C	0.7%
ACN	C	0.7%
GEV	B	0.7%
TTE	F	0.7%
HON	B	0.68%
SRE	A	0.68%
MSFT	F	0.65%
AEE	A	0.65%
DHR	F	0.65%
IP	B	0.64%
HD	A	0.63%
WDC	D	0.6%
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	B	0.52%
CF	B	0.52%
BAX	D	0.5%
CSX	B	0.49%
REXR	F	0.48%
AZN	D	0.47%
CMCSA	B	0.46%
EQT	B	0.46%
HBAN	A	0.45%
BLK	C	0.43%
FANG	D	0.43%
MDLZ	F	0.43%
REGN	F	0.42%
UNP	C	0.42%
LEN	D	0.42%
LAMR	D	0.4%
KDP	D	0.4%
CAG	D	0.4%
TSM	B	0.39%
AMAT	F	0.38%
ABBV	D	0.36%
YUM	B	0.36%
BKR	B	0.35%
KEYS	A	0.35%
ADI	D	0.35%
PLD	D	0.34%
COF	B	0.33%
STLD	B	0.32%
UAL	A	0.31%
AME	A	0.31%
ROP	B	0.29%
MOH	F	0.28%
UPS	C	0.28%
CARR	D	0.27%
MCHP	D	0.27%
CDW	F	0.25%
MGM	D	0.24%
CVS	D	0.23%
CME	A	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 139 Positions Relative to FTC

Symbol	Grade	Weight
APP	B	-1.81%
PLTR	B	-1.32%
AXON	A	-1.26%
CVNA	B	-1.15%
RCL	A	-1.09%
TRGP	B	-1.08%
EXPE	B	-1.03%
VRT	B	-1.01%
DASH	A	-1.01%
FICO	B	-1.0%
GS	A	-0.99%
GDDY	A	-0.98%
KKR	A	-0.96%
EME	C	-0.96%
HOOD	B	-0.92%
UTHR	C	-0.9%
BK	A	-0.9%
WAB	B	-0.9%
PWR	A	-0.9%
CCL	B	-0.88%
HEI	B	-0.88%
URI	B	-0.87%
CPNG	D	-0.86%
BURL	A	-0.85%
NRG	B	-0.84%
THC	D	-0.82%
VTR	C	-0.82%
NVDA	C	-0.81%
AMP	A	-0.8%
GRMN	B	-0.8%
LYV	A	-0.79%
IRM	D	-0.79%
RBLX	C	-0.79%
FCNCA	A	-0.78%
NTRS	A	-0.78%
NOW	A	-0.77%
TPL	A	-0.75%
PH	A	-0.74%
ACGL	D	-0.74%
GEN	B	-0.73%
ORCL	B	-0.73%
CEG	D	-0.72%
PCG	A	-0.71%
BSX	B	-0.7%
CTAS	B	-0.7%
BRO	B	-0.7%
COST	B	-0.69%
SHW	A	-0.68%
LII	A	-0.68%
ANET	C	-0.67%
AVGO	D	-0.66%
PEG	A	-0.65%
FSLR	F	-0.65%
ERIE	D	-0.63%
IBM	C	-0.63%
RMD	C	-0.63%
BAH	F	-0.63%
ALNY	D	-0.62%
FTNT	C	-0.59%
NFLX	A	-0.57%
BKNG	A	-0.57%
TTD	B	-0.56%
GWW	B	-0.55%
DECK	A	-0.54%
CASY	A	-0.53%
HLT	A	-0.53%
ISRG	A	-0.53%
WSO	A	-0.52%
NDAQ	A	-0.52%
COIN	C	-0.52%
AJG	B	-0.51%
WELL	A	-0.51%
TYL	B	-0.51%
BR	A	-0.51%
CSL	C	-0.49%
MCO	B	-0.49%
BRK.A	B	-0.49%
MANH	D	-0.48%
NTAP	C	-0.47%
ECL	D	-0.47%
ICE	C	-0.47%
UBER	D	-0.46%
TSCO	D	-0.46%
VLTO	D	-0.45%
XYL	D	-0.44%
AMT	D	-0.41%
TSLA	B	-0.4%
DELL	C	-0.38%
AMZN	C	-0.38%
PANW	C	-0.38%
ADSK	A	-0.37%
APH	A	-0.37%
MO	A	-0.36%
ETN	A	-0.36%
IR	B	-0.35%
DOV	A	-0.35%
SPG	B	-0.35%
IT	C	-0.35%
ORLY	B	-0.35%
AAPL	C	-0.33%
ROL	B	-0.33%
ROST	C	-0.32%
MSTR	C	-0.32%
CBOE	B	-0.32%
AMGN	D	-0.31%
RIVN	F	-0.31%
VICI	C	-0.31%
BLD	D	-0.3%
EXR	D	-0.3%
O	D	-0.29%
WSM	B	-0.28%
LPLA	A	-0.22%
MPWR	F	-0.21%
CRM	B	-0.2%
CRWD	B	-0.2%
FAST	B	-0.19%
PAYX	C	-0.18%
AON	A	-0.18%
ADP	B	-0.18%
MKL	A	-0.18%
DLR	B	-0.18%
WDAY	B	-0.18%
GPN	B	-0.18%
ESS	B	-0.17%
ITW	B	-0.17%
CHD	B	-0.17%
MSCI	C	-0.17%
CMG	B	-0.17%
WAT	B	-0.17%
DKNG	B	-0.17%
MA	C	-0.17%
GOOGL	C	-0.17%
SYK	C	-0.17%
WM	A	-0.17%
SBAC	D	-0.15%
GLPI	C	-0.15%
CCI	D	-0.14%
MTD	D	-0.13%
KLAC	D	-0.13%