TVAL vs. IWX ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF (TVAL) to iShares Russell Top 200 Value ETF (IWX)

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

IWX

iShares Russell Top 200 Value ETF

IWX Description

The investment seeks to track the investment results of an index composed of large-capitalization U.S. equities that exhibit value 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. It seeks to track the investment results of the Russell Top 200 Value Index (the "underlying index"), which is a style factor weighted index that measures the performance of the largest capitalization value sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$84.27

Average Daily Volume

315,888

Number of Holdings ^*

158

* may have additional holdings in another (foreign) market

Performance

Period	TVAL	IWX
30 Days	2.98%	2.62%
60 Days	4.22%	4.46%
90 Days	5.88%	6.64%
12 Months	29.14%	28.30%

84 Overlapping Holdings

Symbol	Grade	Weight in TVAL	Weight in IWX	Overlap
ABBV	D	0.36%	1.0%	0.36%
ACN	C	0.7%	1.34%	0.7%
ADI	D	0.35%	0.62%	0.35%
AIG	B	0.87%	0.3%	0.3%
AMAT	F	0.38%	0.07%	0.07%
AMD	F	0.22%	0.45%	0.22%
APO	B	0.46%	0.13%	0.13%
AXP	A	0.26%	0.61%	0.26%
AZO	C	0.52%	0.03%	0.03%
BA	F	0.56%	0.49%	0.49%
BAC	A	1.89%	1.91%	1.89%
BDX	F	1.01%	0.39%	0.39%
BLK	C	0.43%	0.93%	0.43%
C	A	0.81%	0.79%	0.79%
CARR	D	0.27%	0.38%	0.27%
CAT	B	0.3%	0.97%	0.3%
CB	C	2.23%	0.7%	0.7%
CI	F	0.87%	0.49%	0.49%
CL	D	0.84%	0.21%	0.21%
CMCSA	B	0.46%	0.99%	0.46%
CME	A	0.23%	0.49%	0.23%
COF	B	0.33%	0.42%	0.33%
COP	C	1.25%	0.79%	0.79%
CSX	B	0.49%	0.41%	0.41%
CVS	D	0.23%	0.4%	0.23%
CVX	A	0.73%	1.68%	0.73%
D	C	0.55%	0.29%	0.29%
DHR	F	0.65%	0.9%	0.65%
DIS	B	0.2%	1.27%	0.2%
ELV	F	1.81%	0.47%	0.47%
EOG	A	0.82%	0.47%	0.47%
EQIX	A	0.16%	0.49%	0.16%
FI	A	1.53%	0.5%	0.5%
GE	D	1.21%	0.91%	0.91%
GEV	B	0.7%	0.54%	0.54%
HCA	F	0.45%	0.29%	0.29%
HD	A	0.63%	0.49%	0.49%
HON	B	0.68%	0.76%	0.68%
JNJ	D	1.82%	2.24%	1.82%
JPM	A	1.23%	4.24%	1.23%
KDP	D	0.4%	0.21%	0.21%
KMB	D	0.66%	0.16%	0.16%
KO	D	0.72%	0.62%	0.62%
LIN	D	0.73%	1.3%	0.73%
MAR	B	0.47%	0.38%	0.38%
MCD	D	0.46%	1.19%	0.46%
MCK	B	0.8%	0.27%	0.27%
MDLZ	F	0.43%	0.52%	0.43%
MET	A	0.22%	0.3%	0.22%
MMC	B	0.67%	0.57%	0.57%
MS	A	0.56%	0.88%	0.56%
MSI	B	0.34%	0.26%	0.26%
MU	D	0.45%	0.64%	0.45%
NEE	D	0.59%	0.95%	0.59%
NSC	B	0.74%	0.36%	0.36%
PG	A	0.72%	1.87%	0.72%
PGR	A	0.48%	0.14%	0.14%
PLD	D	0.34%	0.63%	0.34%
PM	B	1.41%	1.2%	1.2%
PSA	D	0.44%	0.27%	0.27%
QCOM	F	1.08%	0.07%	0.07%
REGN	F	0.42%	0.44%	0.42%
ROP	B	0.29%	0.35%	0.29%
RSG	A	0.62%	0.26%	0.26%
SCHW	B	0.89%	0.65%	0.65%
SO	D	1.67%	0.58%	0.58%
SPGI	C	0.26%	0.95%	0.26%
SRE	A	0.68%	0.35%	0.35%
TDG	D	0.46%	0.33%	0.33%
TJX	A	0.29%	0.33%	0.29%
TMO	F	1.12%	1.18%	1.12%
TMUS	B	0.88%	0.69%	0.69%
TT	A	0.31%	0.37%	0.31%
TXN	C	0.7%	0.97%	0.7%
UNH	C	1.9%	3.06%	1.9%
UNP	C	0.42%	0.45%	0.42%
UPS	C	0.28%	0.59%	0.28%
USB	A	0.56%	0.47%	0.47%
VRTX	F	0.29%	0.36%	0.29%
VZ	C	0.58%	1.06%	0.58%
WFC	A	1.77%	1.57%	1.57%
WMT	A	1.89%	2.2%	1.89%
XOM	B	2.56%	3.23%	2.56%
ZTS	D	0.23%	0.08%	0.08%

TVAL Overweight 60 Positions Relative to IWX

Symbol	Grade	Weight
HIG	B	1.96%
KVUE	A	1.49%
LHX	C	1.36%
AVB	B	1.22%
LLY	F	1.19%
SWK	D	1.1%
CMI	A	1.09%
EQH	B	1.0%
GOOG	C	0.95%
WY	D	0.88%
META	D	0.87%
ZBH	C	0.85%
MRK	F	0.8%
FITB	A	0.77%
NWSA	B	0.75%
VST	B	0.74%
HUBB	B	0.7%
TTE	F	0.7%
MSFT	F	0.65%
AEE	A	0.65%
IP	B	0.64%
WDC	D	0.6%
RPM	A	0.52%
ROK	B	0.52%
CF	B	0.52%
BAX	D	0.5%
HWM	A	0.48%
REXR	F	0.48%
AZN	D	0.47%
WMB	A	0.46%
EQT	B	0.46%
HBAN	A	0.45%
ARES	A	0.45%
FANG	D	0.43%
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%
YUM	B	0.36%
BKR	B	0.35%
KEYS	A	0.35%
EFX	F	0.33%
A	D	0.33%
STLD	B	0.32%
UAL	A	0.31%
AME	A	0.31%
OTIS	C	0.3%
MOH	F	0.28%
MCHP	D	0.27%
CDW	F	0.25%
MGM	D	0.24%
HAL	C	0.22%
VMC	B	0.22%
BHP	F	0.2%
AVY	D	0.19%
SNY	F	0.19%
DTE	C	0.17%

TVAL Underweight 74 Positions Relative to IWX

Symbol	Grade	Weight
BRK.A	B	-5.18%
CSCO	B	-1.4%
ABT	B	-1.21%
IBM	C	-1.13%
T	A	-0.98%
RTX	C	-0.95%
LOW	D	-0.93%
ETN	A	-0.86%
PFE	D	-0.85%
GS	A	-0.83%
BSX	B	-0.77%
BMY	B	-0.69%
MDT	D	-0.68%
GILD	C	-0.66%
INTC	D	-0.62%
DE	A	-0.61%
SYK	C	-0.6%
MO	A	-0.58%
PH	A	-0.54%
PYPL	B	-0.53%
ICE	C	-0.53%
DUK	C	-0.52%
PNC	B	-0.5%
WELL	A	-0.49%
LMT	D	-0.47%
GD	F	-0.47%
AON	A	-0.45%
EMR	A	-0.44%
APD	A	-0.43%
KKR	A	-0.43%
MRVL	B	-0.42%
TGT	F	-0.42%
CRH	A	-0.41%
NOC	D	-0.41%
FDX	B	-0.4%
GM	B	-0.38%
FCX	D	-0.37%
SLB	C	-0.37%
TFC	A	-0.37%
CEG	D	-0.36%
TRV	B	-0.36%
PCAR	B	-0.35%
MMM	D	-0.35%
JCI	C	-0.34%
PSX	C	-0.33%
MPC	D	-0.33%
AEP	D	-0.31%
ITW	B	-0.3%
PEP	F	-0.28%
CRM	B	-0.28%
NEM	D	-0.28%
VLO	C	-0.27%
F	C	-0.26%
STZ	D	-0.23%
APH	A	-0.21%
NKE	D	-0.21%
EW	C	-0.2%
OXY	D	-0.2%
AMGN	D	-0.2%
DELL	C	-0.18%
KHC	F	-0.17%
SBUX	A	-0.15%
FTNT	C	-0.07%
MRNA	F	-0.07%
EL	F	-0.06%
BKNG	A	-0.06%
ECL	D	-0.05%
SHW	A	-0.05%
ADP	B	-0.05%
MNST	C	-0.04%
DASH	A	-0.04%
ORLY	B	-0.03%
CPRT	A	-0.02%
CTAS	B	-0.02%