TVAL vs. IMCB ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF (TVAL) to iShares Morningstar Mid-Cap ETF (IMCB)

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

IMCB

iShares Morningstar Mid-Cap ETF

IMCB Description

IMCB is a passively-managed portfolio that offers exposure to a blend of growth and value stocks in the US mid-cap space. Stocks are selected based on Morningstars index methodology that uses fundamental factors. This methodology identifies growth securities as those with relatively above-average historical and forecasted earnings, sales, equity, and cash flow growth, while value securities as those with relatively low valuations based on price-to-book ratios, price-to-earnings ratios and other factors. The underlying index is reconstituted twice annually and rebalanced quarterly. Prior to March 19, 2021, the fund tracked the Morningstar US Mid Core Index under the ticker JKG.

Grade (RS Rating)

Last Trade

$81.50

Average Daily Volume

28,342

Number of Holdings ^*

447

* may have additional holdings in another (foreign) market

Performance

Period	TVAL	IMCB
30 Days	2.98%	6.60%
60 Days	4.22%	7.43%
90 Days	5.88%	9.78%
12 Months	29.14%	32.75%

60 Overlapping Holdings

Symbol	Grade	Weight in TVAL	Weight in IMCB	Overlap
A	D	0.33%	0.34%	0.33%
AEE	A	0.65%	0.21%	0.21%
AIG	B	0.87%	0.43%	0.43%
ALL	A	0.39%	0.45%	0.39%
AME	A	0.31%	0.39%	0.31%
ARES	A	0.45%	0.28%	0.28%
AVB	B	1.22%	0.28%	0.28%
AVY	D	0.19%	0.14%	0.14%
AZO	C	0.52%	0.47%	0.47%
BAX	D	0.5%	0.14%	0.14%
BKR	B	0.35%	0.38%	0.35%
CAG	D	0.4%	0.12%	0.12%
CARR	D	0.27%	0.55%	0.27%
CDW	F	0.25%	0.21%	0.21%
CF	B	0.52%	0.14%	0.14%
CMI	A	1.09%	0.44%	0.44%
COF	B	0.33%	0.61%	0.33%
CPAY	A	0.42%	0.23%	0.23%
D	C	0.55%	0.41%	0.41%
DTE	C	0.17%	0.22%	0.17%
EFX	F	0.33%	0.28%	0.28%
EQH	B	1.0%	0.12%	0.12%
EQT	B	0.46%	0.21%	0.21%
FANG	D	0.43%	0.28%	0.28%
FITB	A	0.77%	0.28%	0.28%
GEV	B	0.7%	0.79%	0.7%
HAL	C	0.22%	0.23%	0.22%
HBAN	A	0.45%	0.22%	0.22%
HIG	B	1.96%	0.3%	0.3%
HUBB	B	0.7%	0.21%	0.21%
HWM	A	0.48%	0.41%	0.41%
IP	B	0.64%	0.17%	0.17%
KDP	D	0.4%	0.32%	0.32%
KEYS	A	0.35%	0.24%	0.24%
KMB	D	0.66%	0.39%	0.39%
KVUE	A	1.49%	0.36%	0.36%
LEN	D	0.42%	0.35%	0.35%
LEN	D	0.42%	0.01%	0.01%
LHX	C	1.36%	0.41%	0.41%
LVS	C	0.41%	0.17%	0.17%
MCHP	D	0.27%	0.31%	0.27%
MGM	D	0.24%	0.08%	0.08%
MOH	F	0.28%	0.16%	0.16%
NSC	B	0.74%	0.53%	0.53%
NWSA	B	0.75%	0.1%	0.1%
OTIS	C	0.3%	0.36%	0.3%
PSA	D	0.44%	0.46%	0.44%
ROK	B	0.52%	0.29%	0.29%
RPM	A	0.52%	0.15%	0.15%
SRE	A	0.68%	0.5%	0.5%
STLD	B	0.32%	0.18%	0.18%
SWK	D	1.1%	0.12%	0.12%
UAL	A	0.31%	0.26%	0.26%
VMC	B	0.22%	0.33%	0.22%
VST	B	0.74%	0.4%	0.4%
WDC	D	0.6%	0.18%	0.18%
WMB	A	0.46%	0.59%	0.46%
WY	D	0.88%	0.2%	0.2%
YUM	B	0.36%	0.34%	0.34%
ZBH	C	0.85%	0.2%	0.2%

TVAL Overweight 85 Positions Relative to IMCB

Symbol	Grade	Weight
XOM	B	2.56%
CB	C	2.23%
UNH	C	1.9%
WMT	A	1.89%
BAC	A	1.89%
JNJ	D	1.82%
ELV	F	1.81%
WFC	A	1.77%
SO	D	1.67%
FI	A	1.53%
PM	B	1.41%
COP	C	1.25%
JPM	A	1.23%
GE	D	1.21%
LLY	F	1.19%
TMO	F	1.12%
QCOM	F	1.08%
BDX	F	1.01%
GOOG	C	0.95%
SCHW	B	0.89%
TMUS	B	0.88%
META	D	0.87%
CI	F	0.87%
CL	D	0.84%
EOG	A	0.82%
C	A	0.81%
MCK	B	0.8%
MRK	F	0.8%
CVX	A	0.73%
LIN	D	0.73%
KO	D	0.72%
PG	A	0.72%
TXN	C	0.7%
ACN	C	0.7%
TTE	F	0.7%
HON	B	0.68%
MMC	B	0.67%
MSFT	F	0.65%
DHR	F	0.65%
HD	A	0.63%
RSG	A	0.62%
NEE	D	0.59%
VZ	C	0.58%
USB	A	0.56%
BA	F	0.56%
MS	A	0.56%
CSX	B	0.49%
REXR	F	0.48%
PGR	A	0.48%
AZN	D	0.47%
MAR	B	0.47%
CMCSA	B	0.46%
MCD	D	0.46%
APO	B	0.46%
TDG	D	0.46%
MU	D	0.45%
HCA	F	0.45%
BLK	C	0.43%
MDLZ	F	0.43%
REGN	F	0.42%
UNP	C	0.42%
LAMR	D	0.4%
TSM	B	0.39%
AMAT	F	0.38%
ABBV	D	0.36%
ADI	D	0.35%
PLD	D	0.34%
MSI	B	0.34%
TT	A	0.31%
CAT	B	0.3%
VRTX	F	0.29%
ROP	B	0.29%
TJX	A	0.29%
UPS	C	0.28%
AXP	A	0.26%
SPGI	C	0.26%
ZTS	D	0.23%
CVS	D	0.23%
CME	A	0.23%
AMD	F	0.22%
MET	A	0.22%
BHP	F	0.2%
DIS	B	0.2%
SNY	F	0.19%
EQIX	A	0.16%

TVAL Underweight 387 Positions Relative to IMCB

Symbol	Grade	Weight
PLTR	B	-1.04%
ADSK	A	-0.58%
GM	B	-0.57%
OKE	A	-0.55%
HLT	A	-0.54%
FTNT	C	-0.54%
TFC	A	-0.54%
TRV	B	-0.52%
APP	B	-0.52%
PCAR	B	-0.52%
WDAY	B	-0.51%
DLR	B	-0.51%
URI	B	-0.5%
JCI	C	-0.5%
FICO	B	-0.5%
BK	A	-0.5%
MSTR	C	-0.5%
AFL	B	-0.49%
AMP	A	-0.49%
TTD	B	-0.49%
SPG	B	-0.48%
RCL	A	-0.48%
COIN	C	-0.48%
DASH	A	-0.47%
GWW	B	-0.46%
KMI	A	-0.46%
FIS	C	-0.44%
AEP	D	-0.44%
CPRT	A	-0.44%
DHI	D	-0.43%
O	D	-0.43%
PWR	A	-0.42%
PAYX	C	-0.42%
MSCI	C	-0.42%
LNG	B	-0.42%
SQ	B	-0.41%
ROST	C	-0.41%
NEM	D	-0.41%
TEL	B	-0.41%
FAST	B	-0.41%
PRU	A	-0.4%
VRT	B	-0.39%
CCI	D	-0.39%
VLO	C	-0.39%
PCG	A	-0.39%
AXON	A	-0.38%
PEG	A	-0.38%
DFS	B	-0.38%
F	C	-0.38%
COR	B	-0.37%
IR	B	-0.37%
DAL	C	-0.37%
TRGP	B	-0.37%
ODFL	B	-0.37%
HES	B	-0.36%
CTSH	B	-0.36%
VRSK	A	-0.36%
IT	C	-0.36%
FERG	B	-0.36%
STZ	D	-0.35%
TEAM	A	-0.35%
EW	C	-0.35%
KR	B	-0.35%
CTVA	C	-0.35%
EA	A	-0.35%
CBRE	B	-0.35%
XEL	A	-0.34%
DDOG	A	-0.34%
CHTR	C	-0.34%
IQV	D	-0.33%
SYY	B	-0.33%
ACGL	D	-0.33%
EXC	C	-0.33%
GIS	D	-0.32%
HPQ	B	-0.32%
MLM	B	-0.32%
GLW	B	-0.32%
LULU	C	-0.32%
DD	D	-0.31%
IDXX	F	-0.31%
NUE	C	-0.31%
MTB	A	-0.31%
DELL	C	-0.31%
HUBS	A	-0.31%
VEEV	C	-0.3%
HUM	C	-0.3%
RMD	C	-0.3%
EXR	D	-0.3%
WAB	B	-0.3%
VICI	C	-0.29%
WTW	B	-0.29%
GRMN	B	-0.29%
GEHC	F	-0.29%
ED	D	-0.29%
IRM	D	-0.29%
DOW	F	-0.28%
EIX	B	-0.28%
EBAY	D	-0.28%
ALNY	D	-0.28%
NDAQ	A	-0.27%
RJF	A	-0.27%
WEC	A	-0.27%
CPNG	D	-0.27%
CSGP	D	-0.27%
CNC	D	-0.27%
ETR	B	-0.27%
PPG	F	-0.26%
XYL	D	-0.26%
ANSS	B	-0.26%
GPN	B	-0.26%
TTWO	A	-0.26%
CAH	B	-0.26%
DXCM	D	-0.26%
TSCO	D	-0.26%
KHC	F	-0.25%
STT	A	-0.25%
ON	D	-0.25%
MPWR	F	-0.24%
BRO	B	-0.24%
FCNCA	A	-0.24%
DECK	A	-0.24%
PHM	D	-0.24%
RBLX	C	-0.24%
NET	B	-0.24%
NVR	D	-0.24%
HPE	B	-0.24%
DOV	A	-0.24%
VTR	C	-0.23%
AWK	D	-0.23%
TYL	B	-0.23%
SYF	B	-0.23%
TPL	A	-0.23%
HSY	F	-0.23%
MTD	D	-0.23%
CHD	B	-0.23%
TROW	B	-0.23%
FTV	C	-0.23%
BR	A	-0.23%
PPL	B	-0.22%
WST	C	-0.22%
GDDY	A	-0.22%
DVN	F	-0.22%
ADM	D	-0.22%
EQR	B	-0.22%
SW	A	-0.22%
EME	C	-0.21%
LPLA	A	-0.21%
SBAC	D	-0.21%
BIIB	F	-0.21%
RF	A	-0.21%
CCL	B	-0.21%
NTAP	C	-0.21%
VLTO	D	-0.21%
WAT	B	-0.2%
TDY	B	-0.2%
ILMN	D	-0.2%
LDOS	C	-0.2%
PTC	A	-0.2%
IFF	D	-0.2%
EXPE	B	-0.2%
CINF	A	-0.2%
PKG	A	-0.19%
CFG	B	-0.19%
K	A	-0.19%
LYB	F	-0.19%
ES	D	-0.19%
NTRS	A	-0.19%
ATO	A	-0.19%
STE	F	-0.19%
MKL	A	-0.19%
BLDR	D	-0.19%
WBD	C	-0.19%
CMS	C	-0.18%
ZBRA	B	-0.18%
PFG	D	-0.18%
LH	C	-0.18%
DRI	B	-0.18%
CLX	B	-0.18%
OMC	C	-0.18%
MDB	C	-0.18%
FE	C	-0.18%
CSL	C	-0.18%
SNA	A	-0.17%
MKC	D	-0.17%
FDS	B	-0.17%
IBKR	A	-0.17%
CTRA	B	-0.17%
EXE	B	-0.17%
NRG	B	-0.17%
ZS	C	-0.17%
LYV	A	-0.17%
INVH	D	-0.17%
CNP	B	-0.17%
LUV	C	-0.17%
TRU	D	-0.17%
ESS	B	-0.17%
BALL	D	-0.17%
DKNG	B	-0.17%
STX	D	-0.17%
LII	A	-0.17%
COO	D	-0.17%
ZM	B	-0.17%
BAH	F	-0.17%
FSLR	F	-0.17%
J	F	-0.16%
FWONK	B	-0.16%
BBY	D	-0.16%
KEY	B	-0.16%
TSN	B	-0.16%
HOLX	D	-0.16%
PODD	C	-0.16%
ULTA	F	-0.16%
WSO	A	-0.16%
MAA	B	-0.16%
WRB	A	-0.16%
NTRA	B	-0.16%
HOOD	B	-0.15%
HEI	B	-0.15%
ALGN	D	-0.15%
KIM	A	-0.15%
TER	D	-0.15%
OC	A	-0.15%
DG	F	-0.15%
ARE	D	-0.15%
EXPD	D	-0.15%
BURL	A	-0.15%
MANH	D	-0.15%
TRMB	B	-0.15%
XPO	B	-0.15%
GEN	B	-0.15%
RS	B	-0.15%
GPC	D	-0.15%
NTNX	A	-0.15%
IEX	B	-0.15%
MAS	D	-0.15%
DGX	A	-0.15%
PNR	A	-0.15%
PINS	D	-0.15%
JBHT	C	-0.14%
FLEX	A	-0.14%
SUI	D	-0.14%
L	A	-0.14%
FNF	B	-0.14%
FIX	A	-0.14%
THC	D	-0.14%
TOL	B	-0.14%
WSM	B	-0.14%
EG	C	-0.14%
VRSN	F	-0.14%
SSNC	B	-0.14%
NI	A	-0.14%
MRO	B	-0.14%
TXT	D	-0.14%
DOCU	A	-0.14%
TWLO	A	-0.14%
JBL	B	-0.13%
FFIV	B	-0.13%
AVTR	F	-0.13%
RVTY	F	-0.13%
EVRG	A	-0.13%
SAIA	B	-0.13%
AMCR	D	-0.13%
ACM	A	-0.13%
UTHR	C	-0.13%
ROL	B	-0.13%
DT	C	-0.13%
TW	A	-0.13%
EL	F	-0.13%
DOC	D	-0.13%
GGG	B	-0.13%
DPZ	C	-0.13%
USFD	A	-0.13%
CASY	A	-0.13%
RGA	A	-0.13%
LNT	A	-0.13%
VTRS	A	-0.13%
ENTG	D	-0.13%
PSTG	D	-0.13%
NDSN	B	-0.12%
RNR	C	-0.12%
PFGC	B	-0.12%
MRNA	F	-0.12%
UDR	B	-0.12%
SWKS	F	-0.12%
AKAM	D	-0.12%
DLTR	F	-0.12%
POOL	C	-0.12%
EPAM	C	-0.12%
OVV	B	-0.11%
LECO	B	-0.11%
EMN	D	-0.11%
UHS	D	-0.11%
DAY	B	-0.11%
UNM	A	-0.11%
ALB	C	-0.11%
AMH	D	-0.11%
HST	C	-0.11%
SCI	B	-0.11%
NVT	B	-0.11%
NBIX	C	-0.11%
BMRN	D	-0.11%
REG	B	-0.11%
BXP	D	-0.11%
KMX	B	-0.11%
JNPR	F	-0.11%
OKTA	C	-0.11%
BG	F	-0.11%
ALLE	D	-0.11%
JKHY	D	-0.11%
GLPI	C	-0.11%
CLH	B	-0.11%
INCY	C	-0.11%
CPT	B	-0.11%
ELS	C	-0.11%
APTV	D	-0.11%
TTEK	F	-0.1%
CCK	C	-0.1%
FND	C	-0.1%
IPG	D	-0.1%
TAP	C	-0.1%
FOXA	B	-0.1%
CG	A	-0.1%
PAYC	B	-0.1%
DKS	C	-0.1%
BLD	D	-0.1%
RRX	B	-0.1%
TECH	D	-0.1%
SNAP	C	-0.1%
LW	C	-0.1%
SJM	D	-0.1%
HEI	B	-0.1%
WPC	D	-0.1%
CNH	C	-0.09%
WING	D	-0.09%
ALLY	C	-0.09%
SRPT	D	-0.09%
CHDN	B	-0.09%
AES	F	-0.09%
CRL	C	-0.09%
ERIE	D	-0.09%
RPRX	D	-0.09%
LKQ	D	-0.09%
AFG	A	-0.09%
BJ	A	-0.09%
MOS	F	-0.08%
ENPH	F	-0.08%
AOS	F	-0.08%
CPB	D	-0.08%
HRL	D	-0.08%
TFX	F	-0.08%
SMCI	F	-0.08%
AR	B	-0.08%
WYNN	D	-0.08%
WMS	D	-0.08%
MORN	B	-0.08%
EXAS	D	-0.08%
SOLV	C	-0.08%
WTRG	B	-0.08%
ACI	C	-0.07%
CNM	D	-0.07%
DVA	B	-0.07%
HII	D	-0.07%
CE	F	-0.07%
APA	D	-0.07%
MEDP	D	-0.07%
PCOR	B	-0.06%
UHAL	D	-0.06%
QRVO	F	-0.06%
WBA	F	-0.06%
BSY	D	-0.06%
SIRI	C	-0.06%
AZPN	A	-0.06%
DINO	D	-0.06%
BRKR	D	-0.05%
U	C	-0.05%
SNX	C	-0.05%
FOX	A	-0.05%
BEN	C	-0.05%
CELH	F	-0.04%
WLK	D	-0.04%
COTY	F	-0.03%
NWS	B	-0.03%
PAG	B	-0.03%
FWONA	B	-0.02%
ALAB	B	-0.02%
AGR	B	-0.02%
UHAL	D	-0.0%