TVAL vs. IYG ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF (TVAL) to iShares U.S. Financial Services ETF (IYG)

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

$33.10

Average Daily Volume

12,620

Number of Holdings ^*

144

* may have additional holdings in another (foreign) market

IYG

iShares U.S. Financial Services ETF

IYG Description

The investment seeks to track the investment results of an index composed of U.S. equities in the financial services sector. 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 Dow Jones U.S. Financial Services Index (the "underlying index"), which measures the performance of the financial services sector of the U.S. equity market. It is a subset of the Dow Jones U.S. Financials Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$81.24

Average Daily Volume

47,166

Number of Holdings ^*

102

* may have additional holdings in another (foreign) market

Performance

Period	TVAL	IYG
30 Days	2.08%	9.37%
60 Days	3.98%	14.20%
90 Days	5.24%	16.59%
12 Months	28.36%	50.81%

17 Overlapping Holdings

Symbol	Grade	Weight in TVAL	Weight in IYG	Overlap
APO	B	0.46%	1.19%	0.46%
ARES	A	0.45%	0.5%	0.45%
AXP	A	0.26%	2.6%	0.26%
BAC	A	1.89%	5.1%	1.89%
BLK	B	0.43%	2.36%	0.43%
C	A	0.81%	2.12%	0.81%
CME	B	0.23%	1.31%	0.23%
COF	C	0.33%	1.14%	0.33%
EQH	C	1.0%	0.24%	0.24%
FITB	B	0.77%	0.52%	0.52%
HBAN	A	0.45%	0.42%	0.42%
JPM	A	1.23%	11.28%	1.23%
MS	A	0.56%	2.7%	0.56%
SCHW	B	0.89%	1.95%	0.89%
SPGI	C	0.26%	2.6%	0.26%
USB	A	0.56%	1.26%	0.56%
WFC	A	1.77%	4.09%	1.77%

TVAL Overweight 127 Positions Relative to IYG

Symbol	Grade	Weight
XOM	B	2.56%
CB	C	2.23%
HIG	B	1.96%
UNH	B	1.9%
WMT	A	1.89%
JNJ	C	1.82%
ELV	F	1.81%
SO	C	1.67%
FI	A	1.53%
KVUE	A	1.49%
PM	B	1.41%
LHX	C	1.36%
COP	C	1.25%
AVB	B	1.22%
GE	D	1.21%
LLY	F	1.19%
TMO	F	1.12%
SWK	D	1.1%
CMI	A	1.09%
QCOM	F	1.08%
BDX	F	1.01%
GOOG	C	0.95%
TMUS	B	0.88%
WY	F	0.88%
META	D	0.87%
AIG	B	0.87%
CI	D	0.87%
ZBH	C	0.85%
CL	D	0.84%
EOG	A	0.82%
MCK	A	0.8%
MRK	D	0.8%
NWSA	A	0.75%
VST	A	0.74%
NSC	B	0.74%
CVX	A	0.73%
LIN	C	0.73%
KO	D	0.72%
PG	C	0.72%
TXN	C	0.7%
HUBB	B	0.7%
ACN	B	0.7%
GEV	B	0.7%
TTE	F	0.7%
HON	C	0.68%
SRE	A	0.68%
MMC	B	0.67%
KMB	C	0.66%
MSFT	D	0.65%
AEE	A	0.65%
DHR	F	0.65%
IP	A	0.64%
HD	B	0.63%
RSG	A	0.62%
WDC	D	0.6%
NEE	C	0.59%
VZ	C	0.58%
BA	F	0.56%
D	C	0.55%
AZO	C	0.52%
RPM	A	0.52%
ROK	C	0.52%
CF	A	0.52%
BAX	F	0.5%
CSX	C	0.49%
HWM	A	0.48%
REXR	F	0.48%
PGR	A	0.48%
AZN	F	0.47%
MAR	A	0.47%
WMB	A	0.46%
CMCSA	B	0.46%
EQT	B	0.46%
MCD	D	0.46%
TDG	D	0.46%
MU	D	0.45%
HCA	F	0.45%
PSA	C	0.44%
FANG	C	0.43%
MDLZ	F	0.43%
REGN	F	0.42%
UNP	C	0.42%
CPAY	A	0.42%
LEN	D	0.42%
LVS	B	0.41%
LAMR	C	0.4%
KDP	F	0.4%
CAG	F	0.4%
TSM	B	0.39%
ALL	A	0.39%
AMAT	F	0.38%
ABBV	F	0.36%
YUM	D	0.36%
BKR	A	0.35%
KEYS	A	0.35%
ADI	D	0.35%
PLD	F	0.34%
MSI	B	0.34%
EFX	F	0.33%
A	D	0.33%
STLD	B	0.32%
UAL	A	0.31%
TT	A	0.31%
AME	A	0.31%
OTIS	C	0.3%
CAT	B	0.3%
VRTX	D	0.29%
ROP	B	0.29%
TJX	A	0.29%
MOH	F	0.28%
UPS	C	0.28%
CARR	C	0.27%
MCHP	F	0.27%
CDW	F	0.25%
MGM	D	0.24%
ZTS	D	0.23%
CVS	D	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	F	0.19%
SNY	F	0.19%
DTE	C	0.17%
EQIX	A	0.16%

TVAL Underweight 85 Positions Relative to IYG

Symbol	Grade	Weight
BRK.A	B	-13.92%
V	A	-8.36%
MA	B	-6.96%
GS	A	-3.03%
BX	A	-2.11%
KKR	A	-1.63%
ICE	C	-1.44%
PNC	B	-1.34%
MCO	B	-1.2%
TFC	A	-1.01%
COIN	C	-1.0%
BK	A	-0.93%
AMP	A	-0.89%
MSCI	C	-0.75%
DFS	B	-0.72%
MTB	A	-0.58%
NDAQ	A	-0.53%
RJF	A	-0.48%
STT	B	-0.46%
TROW	B	-0.43%
FCNCA	A	-0.43%
SYF	B	-0.42%
RF	A	-0.39%
LPLA	A	-0.38%
HOOD	B	-0.37%
NTRS	A	-0.35%
CBOE	C	-0.34%
CFG	B	-0.34%
IBKR	A	-0.32%
FDS	B	-0.3%
KEY	B	-0.29%
EWBC	A	-0.24%
TW	A	-0.24%
SOFI	B	-0.23%
JEF	A	-0.2%
OWL	A	-0.19%
SF	B	-0.19%
FHN	A	-0.18%
WBS	A	-0.17%
CG	B	-0.17%
EVR	B	-0.17%
HLI	A	-0.16%
WAL	B	-0.16%
MKTX	D	-0.16%
ALLY	C	-0.16%
CMA	B	-0.15%
MORN	B	-0.15%
PNFP	B	-0.15%
CBSH	B	-0.14%
WTFC	A	-0.14%
ZION	B	-0.14%
CFR	B	-0.14%
HLNE	B	-0.13%
SEIC	B	-0.13%
PB	B	-0.13%
IVZ	B	-0.13%
VOYA	B	-0.13%
SSB	B	-0.13%
SNV	C	-0.13%
BPOP	C	-0.12%
LAZ	B	-0.11%
MTG	C	-0.11%
BEN	C	-0.11%
OMF	A	-0.11%
JHG	B	-0.1%
ESNT	F	-0.1%
FNB	A	-0.1%
GBCI	B	-0.1%
FFIN	B	-0.09%
RDN	D	-0.09%
UMBF	B	-0.09%
SLM	A	-0.09%
TPG	A	-0.09%
UBSI	B	-0.09%
HOMB	A	-0.09%
AMG	B	-0.09%
VLY	B	-0.08%
OZK	B	-0.08%
FCFS	F	-0.07%
CACC	D	-0.05%
VIRT	A	-0.05%
BOKF	B	-0.04%
RKT	F	-0.03%
UWMC	D	-0.01%
TFSL	A	-0.01%