TVAL vs. JQUA ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF (TVAL) to JPMorgan U.S. Quality Factor ETF (JQUA)

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

$33.28

Average Daily Volume

12,971

Number of Holdings ^*

144

* may have additional holdings in another (foreign) market

JQUA

JPMorgan U.S. Quality Factor ETF

JQUA Description

The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the JP Morgan US Quality Factor Index. The fund will invest at least 80% of its assets in securities included in the underlying index. Assets means net assets, plus the amount of borrowing for investment purposes. The underlying index is comprised of U.S. equity securities selected to represent quality factor characteristics.

Grade (RS Rating)

Last Trade

$59.53

Average Daily Volume

520,600

Number of Holdings ^*

278

* may have additional holdings in another (foreign) market

Performance

Period	TVAL	JQUA
30 Days	4.23%	5.33%
60 Days	4.79%	5.47%
90 Days	6.26%	7.73%
12 Months	29.35%	31.94%

50 Overlapping Holdings

Symbol	Grade	Weight in TVAL	Weight in JQUA	Overlap
A	D	0.33%	0.3%	0.3%
ABBV	D	0.36%	1.17%	0.36%
ACN	B	0.7%	0.86%	0.7%
ADI	D	0.35%	0.54%	0.35%
AMAT	F	0.38%	0.64%	0.38%
BDX	F	1.01%	0.39%	0.39%
BLK	C	0.43%	0.63%	0.43%
CB	D	2.23%	0.47%	0.47%
CDW	F	0.25%	0.16%	0.16%
CF	B	0.52%	0.21%	0.21%
CL	D	0.84%	0.41%	0.41%
COP	D	1.25%	0.41%	0.41%
CVX	B	0.73%	0.74%	0.73%
EOG	C	0.82%	0.38%	0.38%
HD	A	0.63%	1.5%	0.63%
HIG	B	1.96%	0.22%	0.22%
JNJ	D	1.82%	1.42%	1.42%
KEYS	B	0.35%	0.26%	0.26%
KMB	C	0.66%	0.3%	0.3%
KO	D	0.72%	0.77%	0.72%
LAMR	C	0.4%	0.23%	0.23%
LEN	C	0.42%	0.24%	0.24%
LIN	D	0.73%	0.88%	0.73%
MAR	A	0.47%	0.43%	0.43%
MCD	D	0.46%	0.86%	0.46%
MCHP	F	0.27%	0.26%	0.26%
MCK	C	0.8%	0.25%	0.25%
META	D	0.87%	2.04%	0.87%
MMC	A	0.67%	0.53%	0.53%
MRK	F	0.8%	0.99%	0.8%
MSFT	D	0.65%	1.7%	0.65%
MSI	C	0.34%	0.34%	0.34%
PG	A	0.72%	1.39%	0.72%
PGR	A	0.48%	0.43%	0.43%
PSA	C	0.44%	0.36%	0.36%
QCOM	F	1.08%	0.74%	0.74%
REGN	F	0.42%	0.38%	0.38%
ROP	B	0.29%	0.26%	0.26%
RPM	A	0.52%	0.15%	0.15%
RSG	A	0.62%	0.34%	0.34%
SPGI	C	0.26%	0.53%	0.26%
TJX	A	0.29%	0.63%	0.29%
UNP	C	0.42%	0.65%	0.42%
UPS	C	0.28%	0.04%	0.04%
VZ	B	0.58%	0.48%	0.48%
WMT	B	1.89%	0.22%	0.22%
WY	D	0.88%	0.25%	0.25%
XOM	C	2.56%	1.71%	1.71%
YUM	B	0.36%	0.27%	0.27%
ZTS	D	0.23%	0.44%	0.23%

TVAL Overweight 94 Positions Relative to JQUA

Symbol	Grade	Weight
UNH	B	1.9%
BAC	A	1.89%
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%
JPM	B	1.23%
AVB	B	1.22%
GE	D	1.21%
LLY	F	1.19%
TMO	F	1.12%
SWK	D	1.1%
CMI	A	1.09%
EQH	B	1.0%
GOOG	C	0.95%
SCHW	A	0.89%
TMUS	A	0.88%
AIG	B	0.87%
CI	D	0.87%
ZBH	C	0.85%
C	A	0.81%
FITB	B	0.77%
NWSA	B	0.75%
VST	B	0.74%
NSC	A	0.74%
TXN	D	0.7%
HUBB	B	0.7%
GEV	C	0.7%
TTE	F	0.7%
HON	B	0.68%
SRE	A	0.68%
AEE	A	0.65%
DHR	D	0.65%
IP	B	0.64%
WDC	C	0.6%
NEE	D	0.59%
USB	A	0.56%
BA	D	0.56%
MS	B	0.56%
D	C	0.55%
AZO	C	0.52%
ROK	B	0.52%
BAX	F	0.5%
CSX	B	0.49%
HWM	B	0.48%
REXR	F	0.48%
AZN	F	0.47%
WMB	B	0.46%
CMCSA	C	0.46%
EQT	B	0.46%
APO	A	0.46%
TDG	D	0.46%
HBAN	B	0.45%
ARES	B	0.45%
MU	D	0.45%
HCA	F	0.45%
FANG	F	0.43%
MDLZ	F	0.43%
CPAY	A	0.42%
LVS	C	0.41%
KDP	D	0.4%
CAG	D	0.4%
TSM	C	0.39%
ALL	B	0.39%
BKR	C	0.35%
PLD	D	0.34%
EFX	D	0.33%
COF	B	0.33%
STLD	B	0.32%
UAL	B	0.31%
TT	B	0.31%
AME	A	0.31%
OTIS	C	0.3%
CAT	B	0.3%
VRTX	D	0.29%
MOH	F	0.28%
CARR	C	0.27%
AXP	A	0.26%
MGM	F	0.24%
CVS	D	0.23%
CME	A	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	D	0.19%
SNY	F	0.19%
DTE	C	0.17%
EQIX	A	0.16%

TVAL Underweight 228 Positions Relative to JQUA

Symbol	Grade	Weight
NVDA	C	-2.24%
AAPL	B	-1.92%
BRK.A	B	-1.89%
GOOGL	C	-1.88%
V	A	-1.84%
MA	B	-1.57%
COST	B	-1.52%
CRM	B	-1.26%
AVGO	D	-1.19%
APP	B	-1.0%
CSCO	A	-1.0%
ORCL	C	-0.99%
ABT	B	-0.87%
NOW	B	-0.87%
BKNG	B	-0.81%
ADBE	C	-0.8%
INTU	C	-0.77%
IBM	C	-0.69%
PLTR	B	-0.64%
PANW	C	-0.63%
BMY	B	-0.62%
GILD	B	-0.58%
ADP	B	-0.57%
LMT	D	-0.56%
SBUX	B	-0.55%
MO	A	-0.52%
APH	B	-0.5%
WM	A	-0.49%
NKE	F	-0.47%
CTAS	B	-0.46%
CDNS	B	-0.45%
SNPS	B	-0.45%
ITW	A	-0.44%
MCO	A	-0.44%
LRCX	F	-0.44%
KLAC	F	-0.44%
DASH	A	-0.43%
ORLY	B	-0.42%
AON	A	-0.42%
FTNT	C	-0.42%
CRWD	B	-0.41%
AFL	B	-0.4%
GWW	A	-0.4%
AJG	A	-0.39%
TRV	B	-0.39%
AMP	B	-0.38%
MRVL	B	-0.38%
EA	C	-0.37%
ICE	D	-0.37%
CPRT	A	-0.36%
LULU	C	-0.35%
PAYX	B	-0.34%
TEAM	B	-0.33%
MMM	D	-0.33%
VRSK	A	-0.33%
VRT	B	-0.32%
DECK	A	-0.32%
CTSH	B	-0.32%
WSM	B	-0.32%
IT	C	-0.32%
ROST	C	-0.31%
T	A	-0.31%
DDOG	A	-0.31%
DOCU	A	-0.3%
RMD	C	-0.3%
WEC	A	-0.3%
BR	A	-0.29%
ABNB	C	-0.29%
SPG	C	-0.29%
EBAY	C	-0.29%
NDAQ	A	-0.29%
WDAY	C	-0.28%
ACGL	D	-0.28%
IDXX	F	-0.28%
BRO	B	-0.28%
WSO	A	-0.27%
CSL	B	-0.27%
EXPE	B	-0.27%
NVR	D	-0.27%
FFIV	A	-0.27%
CTRA	B	-0.25%
UTHR	C	-0.25%
SEIC	A	-0.25%
ALSN	B	-0.25%
EW	C	-0.25%
WRB	A	-0.25%
DBX	C	-0.24%
HOLX	D	-0.24%
PAYC	A	-0.24%
CLH	B	-0.24%
RNG	B	-0.24%
POOL	C	-0.24%
MANH	C	-0.24%
FDS	B	-0.23%
CLX	C	-0.23%
TOST	B	-0.23%
EXR	C	-0.23%
HST	C	-0.23%
SCCO	F	-0.22%
TPR	A	-0.22%
CBOE	B	-0.22%
OGE	A	-0.22%
ED	D	-0.22%
SNOW	C	-0.22%
LOPE	B	-0.22%
TWLO	B	-0.22%
LSTR	B	-0.21%
CHE	D	-0.21%
MEDP	F	-0.21%
JAZZ	B	-0.21%
DVA	B	-0.21%
HPQ	B	-0.21%
MAA	B	-0.21%
ROL	B	-0.21%
GGG	B	-0.21%
EXPD	C	-0.21%
VRSN	F	-0.21%
MTD	F	-0.21%
DRI	B	-0.21%
LECO	C	-0.21%
PSTG	D	-0.2%
TER	F	-0.2%
DOX	D	-0.2%
IEX	B	-0.2%
FNF	B	-0.19%
BLDR	C	-0.19%
PEN	C	-0.19%
TYL	A	-0.19%
ANSS	B	-0.19%
ZS	C	-0.19%
DKS	C	-0.19%
CBSH	B	-0.19%
DT	C	-0.19%
LSCC	D	-0.19%
HRB	D	-0.19%
DLB	B	-0.18%
AKAM	F	-0.18%
SWKS	F	-0.18%
ZM	B	-0.18%
HPE	B	-0.18%
NTAP	C	-0.18%
LDOS	D	-0.17%
AMT	D	-0.17%
SOLV	C	-0.17%
NTNX	B	-0.17%
NFG	B	-0.17%
STE	F	-0.16%
MSGS	B	-0.16%
JBL	C	-0.16%
EXP	B	-0.16%
MPWR	F	-0.16%
GEN	A	-0.16%
DCI	A	-0.16%
UGI	A	-0.16%
CRI	F	-0.15%
CHD	B	-0.15%
RPRX	D	-0.15%
CNM	D	-0.15%
PEGA	A	-0.15%
TDC	D	-0.15%
WMS	F	-0.15%
PINS	F	-0.15%
EPAM	C	-0.15%
AYI	B	-0.15%
NRG	C	-0.15%
ELS	C	-0.14%
PRI	A	-0.14%
JKHY	D	-0.14%
MTSI	B	-0.14%
EVRG	A	-0.14%
BBY	D	-0.14%
WU	D	-0.13%
SSNC	A	-0.13%
SMAR	A	-0.13%
PCOR	B	-0.13%
PEG	A	-0.13%
SAIC	F	-0.13%
ULTA	F	-0.13%
AFG	A	-0.13%
CNC	F	-0.12%
ENTG	D	-0.12%
CCI	D	-0.12%
PATH	C	-0.12%
TPL	B	-0.12%
MSM	C	-0.12%
NDSN	B	-0.11%
SKX	D	-0.11%
DV	C	-0.11%
BSY	D	-0.11%
GWRE	B	-0.11%
TSCO	C	-0.11%
CRUS	F	-0.11%
MTCH	F	-0.11%
AOS	D	-0.11%
DXC	B	-0.11%
OKTA	C	-0.11%
WH	A	-0.1%
YETI	C	-0.1%
CPT	B	-0.1%
RLI	A	-0.1%
BYD	B	-0.1%
QRVO	F	-0.1%
MPC	F	-0.09%
CHH	A	-0.09%
ZI	C	-0.09%
LPX	B	-0.09%
COKE	C	-0.09%
FAST	B	-0.09%
IPGP	D	-0.09%
OLN	F	-0.09%
ATO	A	-0.09%
COR	C	-0.09%
SIRI	C	-0.08%
INGR	B	-0.08%
QGEN	D	-0.08%
EQR	B	-0.08%
GLPI	B	-0.07%
WAT	B	-0.06%
RS	B	-0.06%
PINC	B	-0.06%
PHM	C	-0.06%
TECH	C	-0.05%
CUBE	D	-0.05%
GNTX	C	-0.04%
AM	B	-0.03%
VIRT	B	-0.02%
CHRW	C	-0.02%
SNX	C	-0.0%

JQUA: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Semiconductors Information Technology Services Business Services Diversified Industrials Specialty Retail Diagnostics & Research Insurance - Property & Casualty Semiconductor Equipment & Materials Biotechnology Drug Manufacturers - Major Household & Personal Products Internet Content & Information Capital Markets Industrial Distribution Insurance Brokers Integrated Shipping & Logistics Medical Instruments & Supplies Oil & Gas E&P