TVAL vs. IWY ETF Comparison

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

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

IWY

iShares Russell Top 200 Growth ETF

IWY Description

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

Grade (RS Rating)

Last Trade

$228.53

Average Daily Volume

255,415

Number of Holdings ^*

104

* may have additional holdings in another (foreign) market

Performance

Period	TVAL	IWY
30 Days	2.98%	3.21%
60 Days	4.22%	4.64%
90 Days	5.88%	6.06%
12 Months	29.14%	35.63%

43 Overlapping Holdings

Symbol	Grade	Weight in TVAL	Weight in IWY	Overlap
ABBV	D	0.36%	0.5%	0.36%
AMAT	F	0.38%	0.51%	0.38%
AMD	F	0.22%	0.56%	0.22%
APO	B	0.46%	0.25%	0.25%
AXP	A	0.26%	0.24%	0.24%
AZO	C	0.52%	0.19%	0.19%
BA	F	0.56%	0.06%	0.06%
CAT	B	0.3%	0.1%	0.1%
CI	F	0.87%	0.03%	0.03%
CL	D	0.84%	0.16%	0.16%
ELV	F	1.81%	0.06%	0.06%
EQIX	A	0.16%	0.02%	0.02%
FI	A	1.53%	0.15%	0.15%
GE	D	1.21%	0.16%	0.16%
GOOG	C	0.95%	3.37%	0.95%
HCA	F	0.45%	0.06%	0.06%
HD	A	0.63%	1.27%	0.63%
HON	B	0.68%	0.09%	0.09%
KMB	D	0.66%	0.07%	0.07%
KO	D	0.72%	0.54%	0.54%
LLY	F	1.19%	2.35%	1.19%
MCD	D	0.46%	0.05%	0.05%
MCK	B	0.8%	0.13%	0.13%
META	D	0.87%	4.78%	0.87%
MMC	B	0.67%	0.06%	0.06%
MRK	F	0.8%	0.96%	0.8%
MS	A	0.56%	0.04%	0.04%
MSFT	F	0.65%	12.14%	0.65%
MSI	B	0.34%	0.15%	0.15%
PG	A	0.72%	0.35%	0.35%
PGR	A	0.48%	0.5%	0.48%
PSA	D	0.44%	0.03%	0.03%
QCOM	F	1.08%	0.66%	0.66%
REGN	F	0.42%	0.03%	0.03%
SCHW	B	0.89%	0.05%	0.05%
TDG	D	0.46%	0.05%	0.05%
TJX	A	0.29%	0.32%	0.29%
TT	A	0.31%	0.12%	0.12%
TXN	C	0.7%	0.09%	0.09%
UNH	C	1.9%	0.15%	0.15%
UNP	C	0.42%	0.27%	0.27%
VRTX	F	0.29%	0.24%	0.24%
ZTS	D	0.23%	0.26%	0.23%

TVAL Overweight 101 Positions Relative to IWY

Symbol	Grade	Weight
XOM	B	2.56%
CB	C	2.23%
HIG	B	1.96%
WMT	A	1.89%
BAC	A	1.89%
JNJ	D	1.82%
WFC	A	1.77%
SO	D	1.67%
KVUE	A	1.49%
PM	B	1.41%
LHX	C	1.36%
COP	C	1.25%
JPM	A	1.23%
AVB	B	1.22%
TMO	F	1.12%
SWK	D	1.1%
CMI	A	1.09%
BDX	F	1.01%
EQH	B	1.0%
TMUS	B	0.88%
WY	D	0.88%
AIG	B	0.87%
ZBH	C	0.85%
EOG	A	0.82%
C	A	0.81%
FITB	A	0.77%
NWSA	B	0.75%
VST	B	0.74%
NSC	B	0.74%
CVX	A	0.73%
LIN	D	0.73%
HUBB	B	0.7%
ACN	C	0.7%
GEV	B	0.7%
TTE	F	0.7%
SRE	A	0.68%
AEE	A	0.65%
DHR	F	0.65%
IP	B	0.64%
RSG	A	0.62%
WDC	D	0.6%
NEE	D	0.59%
VZ	C	0.58%
USB	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%
HWM	A	0.48%
REXR	F	0.48%
AZN	D	0.47%
MAR	B	0.47%
WMB	A	0.46%
CMCSA	B	0.46%
EQT	B	0.46%
HBAN	A	0.45%
ARES	A	0.45%
MU	D	0.45%
BLK	C	0.43%
FANG	D	0.43%
MDLZ	F	0.43%
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%
YUM	B	0.36%
BKR	B	0.35%
KEYS	A	0.35%
ADI	D	0.35%
PLD	D	0.34%
EFX	F	0.33%
A	D	0.33%
COF	B	0.33%
STLD	B	0.32%
UAL	A	0.31%
AME	A	0.31%
OTIS	C	0.3%
ROP	B	0.29%
MOH	F	0.28%
UPS	C	0.28%
CARR	D	0.27%
MCHP	D	0.27%
SPGI	C	0.26%
CDW	F	0.25%
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%
DIS	B	0.2%
AVY	D	0.19%
SNY	F	0.19%
DTE	C	0.17%

TVAL Underweight 61 Positions Relative to IWY

Symbol	Grade	Weight
NVDA	C	-13.07%
AAPL	C	-12.86%
AMZN	C	-7.41%
GOOGL	C	-3.99%
TSLA	B	-3.51%
AVGO	D	-2.95%
V	A	-1.92%
MA	C	-1.7%
COST	B	-1.58%
NFLX	A	-1.39%
ORCL	B	-1.13%
CRM	B	-1.02%
ADBE	C	-0.88%
NOW	A	-0.82%
INTU	C	-0.74%
ISRG	A	-0.73%
PEP	F	-0.68%
BKNG	A	-0.63%
UBER	D	-0.58%
BX	A	-0.5%
AMGN	D	-0.47%
PANW	C	-0.47%
ADP	B	-0.45%
ANET	C	-0.38%
LRCX	F	-0.36%
AMT	D	-0.36%
SBUX	A	-0.34%
WM	A	-0.34%
KLAC	D	-0.33%
SHW	A	-0.32%
CDNS	B	-0.31%
SNPS	B	-0.31%
CMG	B	-0.31%
CRWD	B	-0.3%
MCO	B	-0.29%
CTAS	B	-0.28%
ADSK	A	-0.25%
ORLY	B	-0.25%
ABNB	C	-0.23%
WDAY	B	-0.22%
NKE	D	-0.22%
ECL	D	-0.21%
GS	A	-0.2%
DASH	A	-0.2%
FTNT	C	-0.19%
APH	A	-0.19%
CPRT	A	-0.18%
SNOW	C	-0.16%
SYK	C	-0.16%
TEAM	A	-0.15%
LULU	C	-0.15%
LMT	D	-0.14%
MNST	C	-0.12%
ITW	B	-0.12%
KKR	A	-0.11%
MMM	D	-0.05%
CEG	D	-0.04%
EW	C	-0.03%
EL	F	-0.02%
DELL	C	-0.02%
MRVL	B	-0.02%