TVAL vs. IMCG ETF Comparison

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

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

$33.35

Average Daily Volume

12,815

Number of Holdings ^*

144

* may have additional holdings in another (foreign) market

IMCG

iShares Morningstar Mid-Cap Growth ETF

IMCG Description

The investment seeks to track the investment results of the MorningstarÂ® US Mid Cap Broad Growth IndexSM composed of mid-capitalization U.S. equities that exhibit growth characteristics. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index measures the performance of stocks issued by mid-capitalization companies that have exhibited above-average "growth" characteristics as determined by Morningstar, Inc.'s ("Morningstar" or the "index provider") proprietary index methodology.

Grade (RS Rating)

Last Trade

$80.50

Average Daily Volume

133,174

Number of Holdings ^*

299

* may have additional holdings in another (foreign) market

Performance

Period	TVAL	IMCG
30 Days	4.45%	9.48%
60 Days	4.62%	10.41%
90 Days	6.60%	14.66%
12 Months	29.91%	36.00%

35 Overlapping Holdings

Symbol	Grade	Weight in TVAL	Weight in IMCG	Overlap
A	D	0.33%	0.65%	0.33%
ALL	A	0.39%	0.38%	0.38%
AME	A	0.31%	0.78%	0.31%
ARES	A	0.45%	0.54%	0.45%
AVB	A	1.22%	0.28%	0.28%
AVY	D	0.19%	0.14%	0.14%
AZO	B	0.52%	0.92%	0.52%
BKR	C	0.35%	0.38%	0.35%
CARR	D	0.27%	0.64%	0.27%
CDW	F	0.25%	0.42%	0.25%
CMI	A	1.09%	0.58%	0.58%
CPAY	A	0.42%	0.33%	0.33%
D	C	0.55%	0.37%	0.37%
EFX	D	0.33%	0.53%	0.33%
EQT	B	0.46%	0.27%	0.27%
GEV	B	0.7%	0.82%	0.7%
HAL	C	0.22%	0.25%	0.22%
HUBB	B	0.7%	0.41%	0.41%
HWM	B	0.48%	0.8%	0.48%
KDP	D	0.4%	0.21%	0.21%
KEYS	B	0.35%	0.21%	0.21%
KMB	C	0.66%	0.28%	0.28%
LVS	C	0.41%	0.34%	0.34%
MCHP	D	0.27%	0.25%	0.25%
MGM	F	0.24%	0.07%	0.07%
MOH	D	0.28%	0.17%	0.17%
OTIS	C	0.3%	0.42%	0.3%
PSA	C	0.44%	0.44%	0.44%
ROK	B	0.52%	0.57%	0.52%
RPM	B	0.52%	0.2%	0.2%
SWK	D	1.1%	0.11%	0.11%
VMC	B	0.22%	0.65%	0.22%
VST	B	0.74%	0.5%	0.5%
YUM	B	0.36%	0.65%	0.36%
ZBH	C	0.85%	0.2%	0.2%

TVAL Overweight 109 Positions Relative to IMCG

Symbol	Grade	Weight
XOM	C	2.56%
CB	C	2.23%
HIG	A	1.96%
UNH	B	1.9%
WMT	A	1.89%
BAC	A	1.89%
JNJ	D	1.82%
ELV	F	1.81%
WFC	A	1.77%
SO	C	1.67%
FI	A	1.53%
KVUE	A	1.49%
PM	A	1.41%
LHX	C	1.36%
COP	D	1.25%
JPM	B	1.23%
GE	C	1.21%
LLY	D	1.19%
TMO	F	1.12%
QCOM	F	1.08%
BDX	F	1.01%
EQH	B	1.0%
GOOG	C	0.95%
SCHW	A	0.89%
TMUS	A	0.88%
WY	D	0.88%
META	D	0.87%
AIG	B	0.87%
CI	D	0.87%
CL	D	0.84%
EOG	C	0.82%
C	B	0.81%
MCK	B	0.8%
MRK	D	0.8%
FITB	B	0.77%
NWSA	B	0.75%
NSC	A	0.74%
CVX	A	0.73%
LIN	D	0.73%
KO	D	0.72%
PG	A	0.72%
TXN	D	0.7%
ACN	B	0.7%
TTE	F	0.7%
HON	B	0.68%
SRE	B	0.68%
MMC	A	0.67%
MSFT	C	0.65%
AEE	A	0.65%
DHR	D	0.65%
IP	B	0.64%
HD	B	0.63%
RSG	A	0.62%
WDC	C	0.6%
NEE	D	0.59%
VZ	B	0.58%
USB	A	0.56%
BA	F	0.56%
MS	C	0.56%
CF	B	0.52%
BAX	F	0.5%
CSX	B	0.49%
REXR	F	0.48%
PGR	A	0.48%
AZN	D	0.47%
MAR	A	0.47%
WMB	B	0.46%
CMCSA	C	0.46%
MCD	D	0.46%
APO	A	0.46%
TDG	D	0.46%
HBAN	B	0.45%
MU	D	0.45%
HCA	F	0.45%
BLK	C	0.43%
FANG	F	0.43%
MDLZ	F	0.43%
REGN	F	0.42%
UNP	C	0.42%
LEN	D	0.42%
LAMR	C	0.4%
CAG	D	0.4%
TSM	D	0.39%
AMAT	F	0.38%
ABBV	D	0.36%
ADI	D	0.35%
PLD	D	0.34%
MSI	B	0.34%
COF	B	0.33%
STLD	B	0.32%
UAL	B	0.31%
TT	A	0.31%
CAT	B	0.3%
VRTX	D	0.29%
ROP	B	0.29%
TJX	A	0.29%
UPS	C	0.28%
AXP	A	0.26%
SPGI	B	0.26%
ZTS	F	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	D	0.19%
DTE	C	0.17%
EQIX	A	0.16%

TVAL Underweight 264 Positions Relative to IMCG

Symbol	Grade	Weight
PLTR	B	-2.29%
ADSK	B	-1.12%
FTNT	B	-1.07%
HLT	A	-1.06%
COIN	C	-1.05%
APP	B	-1.05%
FICO	A	-0.97%
WDAY	C	-0.96%
GWW	A	-0.92%
TTD	B	-0.92%
DASH	A	-0.91%
CPRT	A	-0.86%
FAST	A	-0.82%
MSCI	B	-0.82%
PWR	A	-0.82%
PAYX	B	-0.81%
SQ	C	-0.81%
ROST	C	-0.8%
VRT	B	-0.76%
AXON	A	-0.75%
DLR	A	-0.74%
ODFL	B	-0.72%
IR	A	-0.72%
HES	B	-0.71%
EW	C	-0.71%
IT	C	-0.7%
VRSK	A	-0.7%
RCL	A	-0.66%
TEAM	B	-0.66%
DDOG	B	-0.65%
SYY	C	-0.65%
AMP	A	-0.65%
MLM	B	-0.63%
MSTR	C	-0.63%
LULU	C	-0.62%
IDXX	F	-0.61%
WAB	A	-0.6%
HUBS	B	-0.6%
RMD	C	-0.6%
JCI	C	-0.58%
VEEV	B	-0.55%
DXCM	C	-0.53%
ALNY	D	-0.52%
TTWO	A	-0.51%
CSGP	C	-0.51%
XYL	D	-0.51%
ANSS	B	-0.5%
EA	B	-0.49%
FCNCA	B	-0.48%
NEM	F	-0.47%
MPWR	F	-0.47%
BR	A	-0.47%
CHD	B	-0.47%
BRO	A	-0.47%
NET	B	-0.47%
DECK	B	-0.47%
TPL	B	-0.46%
RBLX	C	-0.46%
URI	B	-0.46%
TRV	B	-0.45%
TYL	A	-0.44%
DFS	B	-0.44%
MTD	D	-0.44%
CBRE	A	-0.43%
GDDY	A	-0.43%
SBAC	D	-0.42%
TEL	C	-0.42%
LPLA	A	-0.41%
EME	B	-0.41%
PTC	A	-0.4%
WST	C	-0.4%
COR	A	-0.39%
IQV	D	-0.39%
STE	F	-0.38%
TSCO	D	-0.37%
ILMN	C	-0.37%
CSL	B	-0.36%
STZ	F	-0.36%
GRMN	B	-0.36%
MDB	C	-0.35%
DOV	A	-0.34%
FSLR	F	-0.34%
INVH	D	-0.34%
LII	B	-0.34%
PCG	A	-0.33%
LYV	B	-0.33%
CPNG	C	-0.33%
IBKR	A	-0.33%
TRGP	B	-0.32%
WSO	B	-0.32%
PODD	B	-0.32%
RJF	A	-0.32%
FDS	B	-0.32%
FTV	B	-0.32%
ZS	C	-0.32%
TRU	D	-0.32%
DAL	B	-0.32%
NTRA	B	-0.31%
NTNX	B	-0.3%
IRM	C	-0.3%
BURL	B	-0.3%
FWONK	A	-0.3%
IEX	B	-0.3%
CTVA	A	-0.3%
O	D	-0.29%
HOOD	B	-0.29%
MANH	C	-0.29%
WTW	A	-0.28%
FIX	A	-0.28%
DOCU	B	-0.28%
DD	D	-0.28%
HEI	B	-0.28%
TWLO	B	-0.28%
SUI	D	-0.27%
VRSN	C	-0.27%
BAH	F	-0.26%
ROL	A	-0.26%
LNG	A	-0.26%
EL	F	-0.26%
PSTG	D	-0.26%
TW	A	-0.26%
DPZ	B	-0.26%
ZBRA	A	-0.26%
DELL	C	-0.26%
GGG	B	-0.26%
COO	D	-0.25%
VLTO	D	-0.25%
DT	C	-0.25%
GEHC	F	-0.25%
WAT	A	-0.24%
MKL	A	-0.24%
SAIA	B	-0.24%
HSY	F	-0.24%
PFGC	B	-0.23%
AWK	D	-0.23%
DOW	F	-0.23%
NDSN	B	-0.23%
CLX	C	-0.23%
CLH	B	-0.22%
NTAP	B	-0.22%
JKHY	D	-0.22%
PNR	A	-0.22%
EXPE	B	-0.21%
GPN	C	-0.21%
NBIX	C	-0.21%
LECO	C	-0.21%
OKTA	C	-0.21%
BMRN	D	-0.21%
TDY	B	-0.21%
NVT	B	-0.21%
AMH	C	-0.21%
KIM	A	-0.21%
NDAQ	A	-0.21%
ACGL	D	-0.21%
EXR	C	-0.21%
XPO	B	-0.2%
SNAP	C	-0.2%
EBAY	C	-0.2%
HEI	B	-0.2%
PPG	D	-0.2%
PHM	D	-0.2%
TRMB	B	-0.2%
DAY	B	-0.2%
J	D	-0.2%
TECH	C	-0.19%
ALGN	D	-0.19%
LW	C	-0.19%
FND	C	-0.19%
TTEK	D	-0.19%
WRB	A	-0.19%
BALL	D	-0.19%
PAYC	A	-0.19%
ON	D	-0.18%
EQR	A	-0.18%
BLDR	D	-0.18%
ERIE	D	-0.18%
WSM	B	-0.18%
CASY	B	-0.18%
DKNG	C	-0.18%
SRPT	C	-0.17%
CHDN	C	-0.17%
MKC	D	-0.17%
DRI	B	-0.17%
ACM	A	-0.16%
GEN	A	-0.16%
TSN	B	-0.16%
VTR	C	-0.16%
ENTG	D	-0.16%
MORN	A	-0.16%
CINF	A	-0.16%
EXAS	D	-0.16%
ESS	B	-0.16%
WMS	D	-0.16%
SMCI	F	-0.16%
JBHT	B	-0.16%
WING	D	-0.16%
PINS	D	-0.16%
ULTA	F	-0.15%
LUV	C	-0.15%
WYNN	D	-0.15%
LDOS	D	-0.15%
TER	D	-0.14%
TXT	D	-0.14%
MEDP	D	-0.14%
JBL	C	-0.14%
ELS	B	-0.14%
ENPH	F	-0.14%
UDR	B	-0.14%
AVTR	D	-0.14%
ALLE	D	-0.13%
GPC	D	-0.13%
MAS	D	-0.13%
USFD	A	-0.13%
CTRA	B	-0.13%
CNM	C	-0.13%
POOL	C	-0.12%
KMX	B	-0.12%
NRG	B	-0.12%
AZPN	A	-0.12%
SCI	A	-0.12%
INCY	B	-0.12%
EPAM	C	-0.12%
MAA	B	-0.12%
CMS	B	-0.12%
CRL	D	-0.11%
AOS	F	-0.11%
BSY	D	-0.11%
APTV	F	-0.11%
RRX	C	-0.11%
ALB	C	-0.11%
SNA	A	-0.11%
BLD	D	-0.11%
UHS	D	-0.1%
CPT	A	-0.1%
FFIV	A	-0.1%
TOL	B	-0.1%
RVTY	D	-0.1%
DLTR	D	-0.1%
PCOR	B	-0.1%
AKAM	D	-0.1%
FLEX	B	-0.09%
U	C	-0.09%
DKS	C	-0.09%
MRNA	F	-0.09%
CE	F	-0.08%
HII	D	-0.08%
BJ	B	-0.08%
REG	A	-0.08%
ARE	D	-0.08%
BRKR	F	-0.08%
AFG	A	-0.07%
DVA	A	-0.07%
CCK	D	-0.07%
CELH	F	-0.07%
TFX	F	-0.06%
QRVO	F	-0.06%
UHAL	D	-0.05%
HRL	D	-0.05%
WTRG	B	-0.05%
COTY	F	-0.04%
ALAB	B	-0.04%
FWONA	A	-0.03%
WLK	F	-0.03%
UHAL	D	-0.0%