TVAL vs. LGLV ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF (TVAL) to SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV)

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

LGLV

SPDR SSGA US Large Cap Low Volatility Index ETF

LGLV Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the SSGA US Large Cap Low Volatility Index. The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is designed to measure the performance of the stocks of U.S. large capitalization companies that exhibit low volatility. Volatility is a statistical measurement of the magnitude of movements in a stock's price over time. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$175.44

Average Daily Volume

18,622

Number of Holdings ^*

161

* may have additional holdings in another (foreign) market

Performance

Period	TVAL	LGLV
30 Days	2.98%	2.50%
60 Days	4.22%	3.84%
90 Days	5.88%	6.74%
12 Months	29.14%	27.62%

43 Overlapping Holdings

Symbol	Grade	Weight in TVAL	Weight in LGLV	Overlap
ACN	C	0.7%	0.44%	0.44%
AEE	A	0.65%	0.85%	0.65%
ALL	A	0.39%	0.8%	0.39%
AME	A	0.31%	0.55%	0.31%
AVB	B	1.22%	1.06%	1.06%
AVY	D	0.19%	0.57%	0.19%
AZO	C	0.52%	0.49%	0.49%
BDX	F	1.01%	0.72%	0.72%
CB	C	2.23%	0.73%	0.73%
CL	D	0.84%	1.23%	0.84%
CMCSA	B	0.46%	0.45%	0.45%
CME	A	0.23%	0.81%	0.23%
CVX	A	0.73%	0.33%	0.33%
DTE	C	0.17%	0.89%	0.17%
EQIX	A	0.16%	0.91%	0.16%
FI	A	1.53%	0.73%	0.73%
HD	A	0.63%	0.52%	0.52%
HON	B	0.68%	0.61%	0.61%
JNJ	D	1.82%	0.98%	0.98%
LIN	D	0.73%	1.14%	0.73%
MCD	D	0.46%	0.84%	0.46%
MCK	B	0.8%	0.77%	0.77%
MMC	B	0.67%	0.88%	0.67%
MRK	F	0.8%	0.52%	0.52%
MSFT	F	0.65%	0.68%	0.65%
MSI	B	0.34%	0.81%	0.34%
OTIS	C	0.3%	0.67%	0.3%
PG	A	0.72%	1.0%	0.72%
PGR	A	0.48%	0.99%	0.48%
PSA	D	0.44%	1.01%	0.44%
ROP	B	0.29%	0.58%	0.29%
RSG	A	0.62%	1.03%	0.62%
SO	D	1.67%	1.01%	1.01%
TJX	A	0.29%	0.65%	0.29%
TXN	C	0.7%	0.57%	0.57%
UNH	C	1.9%	0.78%	0.78%
UNP	C	0.42%	0.48%	0.42%
VMC	B	0.22%	1.01%	0.22%
VZ	C	0.58%	0.87%	0.58%
WMB	A	0.46%	0.55%	0.46%
WMT	A	1.89%	1.3%	1.3%
XOM	B	2.56%	0.32%	0.32%
YUM	B	0.36%	0.41%	0.36%

TVAL Overweight 101 Positions Relative to LGLV

Symbol	Grade	Weight
HIG	B	1.96%
BAC	A	1.89%
ELV	F	1.81%
WFC	A	1.77%
KVUE	A	1.49%
PM	B	1.41%
LHX	C	1.36%
COP	C	1.25%
JPM	A	1.23%
GE	D	1.21%
LLY	F	1.19%
TMO	F	1.12%
SWK	D	1.1%
CMI	A	1.09%
QCOM	F	1.08%
EQH	B	1.0%
GOOG	C	0.95%
SCHW	B	0.89%
TMUS	B	0.88%
WY	D	0.88%
META	D	0.87%
AIG	B	0.87%
CI	F	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%
KO	D	0.72%
HUBB	B	0.7%
GEV	B	0.7%
TTE	F	0.7%
SRE	A	0.68%
KMB	D	0.66%
DHR	F	0.65%
IP	B	0.64%
WDC	D	0.6%
NEE	D	0.59%
USB	A	0.56%
BA	F	0.56%
MS	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%
EQT	B	0.46%
APO	B	0.46%
TDG	D	0.46%
HBAN	A	0.45%
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%
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%
AMAT	F	0.38%
ABBV	D	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%
TT	A	0.31%
CAT	B	0.3%
VRTX	F	0.29%
MOH	F	0.28%
UPS	C	0.28%
CARR	D	0.27%
MCHP	D	0.27%
AXP	A	0.26%
SPGI	C	0.26%
CDW	F	0.25%
MGM	D	0.24%
ZTS	D	0.23%
CVS	D	0.23%
HAL	C	0.22%
AMD	F	0.22%
MET	A	0.22%
BHP	F	0.2%
DIS	B	0.2%
SNY	F	0.19%

TVAL Underweight 118 Positions Relative to LGLV

Symbol	Grade	Weight
PEP	F	-1.23%
XEL	A	-1.2%
APD	A	-1.14%
PEG	A	-1.1%
DUK	C	-1.07%
GIS	D	-1.07%
EQR	B	-1.01%
WEC	A	-0.97%
BRK.A	B	-0.95%
ED	D	-0.91%
WM	A	-0.87%
NDAQ	A	-0.86%
TRV	B	-0.85%
AJG	B	-0.84%
K	A	-0.83%
BRO	B	-0.83%
KMI	A	-0.79%
BMY	B	-0.79%
MKL	A	-0.77%
LMT	D	-0.77%
AMT	D	-0.76%
ADP	B	-0.75%
PKG	A	-0.74%
MMM	D	-0.74%
GRMN	B	-0.73%
COR	B	-0.73%
INVH	D	-0.73%
COST	B	-0.72%
CMS	C	-0.71%
BAH	F	-0.71%
GD	F	-0.71%
WTW	B	-0.71%
AON	A	-0.7%
AFL	B	-0.7%
ICE	C	-0.69%
T	A	-0.69%
ORCL	B	-0.69%
NOC	D	-0.69%
EA	A	-0.69%
FDS	B	-0.68%
PAYX	C	-0.68%
MAA	B	-0.67%
TYL	B	-0.65%
ETN	A	-0.64%
WRB	A	-0.64%
V	A	-0.64%
J	F	-0.63%
ABT	B	-0.63%
IEX	B	-0.62%
FOXA	B	-0.61%
IBM	C	-0.61%
CHKP	D	-0.61%
MDT	D	-0.6%
FAST	B	-0.59%
NI	A	-0.58%
VRSK	A	-0.58%
PCAR	B	-0.57%
L	A	-0.55%
SUI	D	-0.55%
BR	A	-0.55%
RYAN	B	-0.54%
CASY	A	-0.54%
AMCR	D	-0.53%
CSCO	B	-0.53%
GOOGL	C	-0.53%
GGG	B	-0.53%
ORLY	B	-0.53%
ITW	B	-0.52%
TSCO	D	-0.52%
UDR	B	-0.52%
VRSN	F	-0.5%
ELS	C	-0.48%
CNA	B	-0.47%
NDSN	B	-0.47%
ROL	B	-0.47%
HLI	B	-0.46%
CHRW	C	-0.46%
JKHY	D	-0.45%
CPT	B	-0.45%
AMH	D	-0.45%
NVR	D	-0.44%
SBUX	A	-0.44%
SCI	B	-0.43%
LNG	B	-0.42%
ATR	B	-0.41%
AIZ	A	-0.4%
FTV	C	-0.4%
CACI	D	-0.39%
LOW	D	-0.39%
DOX	D	-0.36%
GL	B	-0.36%
CSGP	D	-0.36%
AKAM	D	-0.36%
DTM	B	-0.35%
ORI	A	-0.34%
DCI	B	-0.33%
SEIC	B	-0.32%
CBSH	A	-0.32%
GPK	C	-0.31%
CHE	D	-0.3%
TTC	D	-0.3%
EGP	F	-0.29%
ADC	B	-0.27%
DLB	B	-0.25%
GNTX	C	-0.25%
RLI	B	-0.25%
FR	C	-0.25%
LSTR	D	-0.24%
CDP	C	-0.24%
MSA	D	-0.23%
SAIC	F	-0.23%
CWST	A	-0.22%
SIGI	C	-0.21%
DG	F	-0.2%
SON	D	-0.18%
MMS	F	-0.18%
NEU	C	-0.14%
SOLV	C	-0.09%