TVAL vs. JOET ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF (TVAL) to Virtus Terranova U.S. Quality Momentum ETF (JOET)

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

JOET

Virtus Terranova U.S. Quality Momentum ETF

JOET Description

The investment seeks investment results that correspond, before fees and expenses, to the price and yield performance of the Terranova U.S. Quality Momentum Index. Under normal market conditions, the fund will invest not less than 80% of its assets in component securities of the index. The index is designed to track the performance of quality large-capitalization companies listed in the United States. The index includes common stock and ADRs. The fund will invest not less than 80% of its net assets (plus the amount of any borrowings for investment purposes) in U.S. securities.

Grade (RS Rating)

Last Trade

$40.40

Average Daily Volume

29,173

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

Performance

Period	TVAL	JOET
30 Days	2.98%	7.96%
60 Days	4.22%	9.99%
90 Days	5.88%	13.18%
12 Months	29.14%	38.99%

30 Overlapping Holdings

Symbol	Grade	Weight in TVAL	Weight in JOET	Overlap
ACN	C	0.7%	0.75%	0.7%
ADI	D	0.35%	0.7%	0.35%
ALL	A	0.39%	0.79%	0.39%
AMAT	F	0.38%	0.7%	0.38%
AMD	F	0.22%	0.65%	0.22%
APO	B	0.46%	0.85%	0.46%
AXP	A	0.26%	0.8%	0.26%
CARR	D	0.27%	0.75%	0.27%
CAT	B	0.3%	0.74%	0.3%
CB	C	2.23%	0.74%	0.74%
CMI	A	1.09%	0.82%	0.82%
FITB	A	0.77%	0.8%	0.77%
HBAN	A	0.45%	0.84%	0.45%
HIG	B	1.96%	0.79%	0.79%
HUBB	B	0.7%	0.75%	0.7%
HWM	A	0.48%	0.87%	0.48%
JPM	A	1.23%	0.81%	0.81%
LEN	D	0.42%	0.73%	0.42%
LLY	F	1.19%	0.64%	0.64%
META	D	0.87%	0.74%	0.74%
MSFT	F	0.65%	0.74%	0.65%
PGR	A	0.48%	0.8%	0.48%
PSA	D	0.44%	0.75%	0.44%
QCOM	F	1.08%	0.68%	0.68%
RSG	A	0.62%	0.8%	0.62%
SPGI	C	0.26%	0.78%	0.26%
TT	A	0.31%	0.79%	0.31%
UAL	A	0.31%	0.94%	0.31%
VMC	B	0.22%	0.81%	0.22%
WMT	A	1.89%	0.8%	0.8%

TVAL Overweight 114 Positions Relative to JOET

Symbol	Grade	Weight
XOM	B	2.56%
UNH	C	1.9%
BAC	A	1.89%
JNJ	D	1.82%
ELV	F	1.81%
WFC	A	1.77%
SO	D	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%
TMO	F	1.12%
SWK	D	1.1%
BDX	F	1.01%
EQH	B	1.0%
GOOG	C	0.95%
SCHW	B	0.89%
TMUS	B	0.88%
WY	D	0.88%
AIG	B	0.87%
CI	F	0.87%
ZBH	C	0.85%
CL	D	0.84%
EOG	A	0.82%
C	A	0.81%
MCK	B	0.8%
MRK	F	0.8%
NWSA	B	0.75%
VST	B	0.74%
NSC	B	0.74%
CVX	A	0.73%
LIN	D	0.73%
KO	D	0.72%
PG	A	0.72%
TXN	C	0.7%
GEV	B	0.7%
TTE	F	0.7%
HON	B	0.68%
SRE	A	0.68%
MMC	B	0.67%
KMB	D	0.66%
AEE	A	0.65%
DHR	F	0.65%
IP	B	0.64%
HD	A	0.63%
WDC	D	0.6%
NEE	D	0.59%
VZ	C	0.58%
USB	A	0.56%
BA	F	0.56%
MS	A	0.56%
D	C	0.55%
AZO	C	0.52%
RPM	A	0.52%
ROK	B	0.52%
CF	B	0.52%
BAX	D	0.5%
CSX	B	0.49%
REXR	F	0.48%
AZN	D	0.47%
MAR	B	0.47%
WMB	A	0.46%
CMCSA	B	0.46%
EQT	B	0.46%
MCD	D	0.46%
TDG	D	0.46%
ARES	A	0.45%
MU	D	0.45%
HCA	F	0.45%
BLK	C	0.43%
FANG	D	0.43%
MDLZ	F	0.43%
REGN	F	0.42%
UNP	C	0.42%
CPAY	A	0.42%
LVS	C	0.41%
LAMR	D	0.4%
KDP	D	0.4%
CAG	D	0.4%
TSM	B	0.39%
ABBV	D	0.36%
YUM	B	0.36%
BKR	B	0.35%
KEYS	A	0.35%
PLD	D	0.34%
MSI	B	0.34%
EFX	F	0.33%
A	D	0.33%
COF	B	0.33%
STLD	B	0.32%
AME	A	0.31%
OTIS	C	0.3%
VRTX	F	0.29%
ROP	B	0.29%
TJX	A	0.29%
MOH	F	0.28%
UPS	C	0.28%
MCHP	D	0.27%
CDW	F	0.25%
MGM	D	0.24%
ZTS	D	0.23%
CVS	D	0.23%
CME	A	0.23%
HAL	C	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%
EQIX	A	0.16%

TVAL Underweight 94 Positions Relative to JOET

Symbol	Grade	Weight
APP	B	-1.48%
COIN	C	-1.12%
PLTR	B	-1.05%
AXON	A	-1.04%
GRMN	B	-0.94%
IBKR	A	-0.94%
SPOT	B	-0.93%
VRT	B	-0.92%
SQ	B	-0.91%
FCNCA	A	-0.89%
NFLX	A	-0.89%
RCL	A	-0.88%
CRWD	B	-0.88%
PODD	C	-0.87%
FTNT	C	-0.87%
DAL	C	-0.87%
DFS	B	-0.86%
DOCU	A	-0.86%
SYF	B	-0.86%
HEI	B	-0.85%
ORCL	B	-0.84%
PH	A	-0.84%
CRM	B	-0.84%
RF	A	-0.83%
AMP	A	-0.83%
RJF	A	-0.83%
AMZN	C	-0.82%
CFG	B	-0.82%
MTB	A	-0.82%
NOW	A	-0.82%
SYK	C	-0.82%
PANW	C	-0.82%
BSX	B	-0.81%
FAST	B	-0.81%
GWW	B	-0.81%
DDOG	A	-0.81%
ADSK	A	-0.81%
CINF	A	-0.8%
WELL	A	-0.8%
BR	A	-0.8%
NTRS	A	-0.8%
BRO	B	-0.8%
PWR	A	-0.8%
ISRG	A	-0.8%
IR	B	-0.8%
NVDA	C	-0.79%
GM	B	-0.79%
TTD	B	-0.79%
COST	B	-0.79%
DECK	A	-0.79%
WRB	A	-0.79%
ETN	A	-0.79%
ROL	B	-0.79%
CTAS	B	-0.79%
BRK.A	B	-0.78%
PCAR	B	-0.78%
TW	A	-0.78%
DOV	A	-0.78%
APH	A	-0.78%
MLM	B	-0.77%
PYPL	B	-0.77%
BK	A	-0.77%
WAB	B	-0.77%
TRV	B	-0.77%
TSCO	D	-0.76%
AFL	B	-0.76%
IT	C	-0.76%
MA	C	-0.76%
EXR	D	-0.75%
URI	B	-0.75%
PFG	D	-0.75%
CMG	B	-0.74%
ANET	C	-0.74%
ROST	C	-0.74%
RMD	C	-0.74%
NVR	D	-0.74%
PHM	D	-0.73%
AVGO	D	-0.72%
MELI	D	-0.71%
XYL	D	-0.71%
GD	F	-0.7%
CPNG	D	-0.7%
O	D	-0.7%
DHI	D	-0.69%
ACGL	D	-0.69%
IRM	D	-0.69%
KLAC	D	-0.69%
UBER	D	-0.68%
FSLR	F	-0.68%
CEG	D	-0.67%
NU	C	-0.65%
CHKP	D	-0.64%
MPWR	F	-0.48%
SMCI	F	-0.41%