TVAL vs. SSPY ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF (TVAL) to Syntax Stratified LargeCap ETF (SSPY)

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

SSPY

Syntax Stratified LargeCap ETF

SSPY Description

The investment seeks to provide investment results that, before expenses, correspond generally to the total return performance of publicly traded equity securities of companies in the Syntax Stratified LargeCap Index (the "index"). Under normal market conditions, the fund generally invests substantially all, and at least 95% of its total assets in the securities comprising the index. The index, which was created by Syntax, LLC, an affiliate of the fund's investment adviser, is the stratified-weight version of the widely used S&P 500® Index and holds the same constituents as the S&P 500.

Grade (RS Rating)

Last Trade

$82.04

Average Daily Volume

2,303

Number of Holdings ^*

500

* may have additional holdings in another (foreign) market

Performance

Period	TVAL	SSPY
30 Days	2.98%	4.23%
60 Days	4.22%	1.79%
90 Days	5.88%	3.72%
12 Months	29.14%	23.81%

133 Overlapping Holdings

Symbol	Grade	Weight in TVAL	Weight in SSPY	Overlap
A	D	0.33%	0.15%	0.15%
ABBV	D	0.36%	0.24%	0.24%
ACN	C	0.7%	0.13%	0.13%
ADI	D	0.35%	0.22%	0.22%
AEE	A	0.65%	0.08%	0.08%
AIG	B	0.87%	0.2%	0.2%
ALL	A	0.39%	0.2%	0.2%
AMAT	F	0.38%	0.18%	0.18%
AMD	F	0.22%	0.14%	0.14%
AME	A	0.31%	0.13%	0.13%
AVB	B	1.22%	0.1%	0.1%
AVY	D	0.19%	0.06%	0.06%
AXP	A	0.26%	0.04%	0.04%
AZO	C	0.52%	0.14%	0.14%
BA	F	0.56%	0.16%	0.16%
BAC	A	1.89%	0.12%	0.12%
BAX	D	0.5%	0.05%	0.05%
BDX	F	1.01%	0.05%	0.05%
BKR	B	0.35%	0.35%	0.35%
BLK	C	0.43%	0.08%	0.08%
C	A	0.81%	0.13%	0.13%
CAG	D	0.4%	0.21%	0.21%
CARR	D	0.27%	0.08%	0.08%
CAT	B	0.3%	0.14%	0.14%
CB	C	2.23%	0.14%	0.14%
CDW	F	0.25%	0.13%	0.13%
CF	B	0.52%	0.09%	0.09%
CI	F	0.87%	0.19%	0.19%
CL	D	0.84%	0.41%	0.41%
CMCSA	B	0.46%	0.52%	0.46%
CME	A	0.23%	0.04%	0.04%
CMI	A	1.09%	0.08%	0.08%
COF	B	0.33%	0.7%	0.33%
COP	C	1.25%	0.07%	0.07%
CPAY	A	0.42%	0.04%	0.04%
CSX	B	0.49%	0.08%	0.08%
CVS	D	0.23%	0.69%	0.23%
CVX	A	0.73%	0.76%	0.73%
D	C	0.55%	0.24%	0.24%
DHR	F	0.65%	0.1%	0.1%
DIS	B	0.2%	0.21%	0.2%
DTE	C	0.17%	0.25%	0.17%
EFX	F	0.33%	0.04%	0.04%
ELV	F	1.81%	0.24%	0.24%
EOG	A	0.82%	0.07%	0.07%
EQIX	A	0.16%	0.27%	0.16%
EQT	B	0.46%	0.18%	0.18%
FANG	D	0.43%	0.07%	0.07%
FI	A	1.53%	0.06%	0.06%
FITB	A	0.77%	0.06%	0.06%
GE	D	1.21%	0.17%	0.17%
GEV	B	0.7%	0.18%	0.18%
GOOG	C	0.95%	0.23%	0.23%
HAL	C	0.22%	0.34%	0.22%
HBAN	A	0.45%	0.06%	0.06%
HCA	F	0.45%	0.33%	0.33%
HD	A	0.63%	0.26%	0.26%
HIG	B	1.96%	0.14%	0.14%
HON	B	0.68%	0.17%	0.17%
HUBB	B	0.7%	0.26%	0.26%
HWM	A	0.48%	0.08%	0.08%
IP	B	0.64%	0.06%	0.06%
JNJ	D	1.82%	0.24%	0.24%
JPM	A	1.23%	0.13%	0.13%
KDP	D	0.4%	0.24%	0.24%
KEYS	A	0.35%	0.21%	0.21%
KMB	D	0.66%	0.42%	0.42%
KO	D	0.72%	0.25%	0.25%
KVUE	A	1.49%	0.42%	0.42%
LEN	D	0.42%	0.25%	0.25%
LHX	C	1.36%	0.08%	0.08%
LIN	D	0.73%	0.04%	0.04%
LLY	F	1.19%	0.23%	0.23%
LVS	C	0.41%	0.08%	0.08%
MAR	B	0.47%	0.12%	0.12%
MCD	D	0.46%	0.5%	0.46%
MCHP	D	0.27%	0.14%	0.14%
MCK	B	0.8%	0.18%	0.18%
MDLZ	F	0.43%	0.18%	0.18%
MET	A	0.22%	0.21%	0.21%
META	D	0.87%	0.47%	0.47%
MGM	D	0.24%	0.07%	0.07%
MMC	B	0.67%	0.04%	0.04%
MOH	F	0.28%	0.25%	0.25%
MRK	F	0.8%	0.24%	0.24%
MS	A	0.56%	0.26%	0.26%
MSFT	F	0.65%	0.32%	0.32%
MSI	B	0.34%	0.49%	0.34%
MU	D	0.45%	0.15%	0.15%
NEE	D	0.59%	0.24%	0.24%
NSC	B	0.74%	0.08%	0.08%
NWSA	B	0.75%	0.1%	0.1%
OTIS	C	0.3%	0.08%	0.08%
PG	A	0.72%	0.42%	0.42%
PGR	A	0.48%	0.19%	0.19%
PLD	D	0.34%	0.06%	0.06%
PM	B	1.41%	0.35%	0.35%
PSA	D	0.44%	0.11%	0.11%
QCOM	F	1.08%	0.22%	0.22%
REGN	F	0.42%	0.22%	0.22%
ROK	B	0.52%	0.03%	0.03%
ROP	B	0.29%	0.03%	0.03%
RSG	A	0.62%	0.18%	0.18%
SCHW	B	0.89%	0.25%	0.25%
SO	D	1.67%	0.08%	0.08%
SPGI	C	0.26%	0.04%	0.04%
SRE	A	0.68%	0.08%	0.08%
STLD	B	0.32%	0.27%	0.27%
SWK	D	1.1%	0.27%	0.27%
TDG	D	0.46%	0.08%	0.08%
TJX	A	0.29%	0.72%	0.29%
TMO	F	1.12%	0.14%	0.14%
TMUS	B	0.88%	0.33%	0.33%
TT	A	0.31%	0.07%	0.07%
TXN	C	0.7%	0.23%	0.23%
UAL	A	0.31%	0.28%	0.28%
UNH	C	1.9%	0.26%	0.26%
UNP	C	0.42%	0.08%	0.08%
UPS	C	0.28%	0.09%	0.09%
USB	A	0.56%	0.06%	0.06%
VMC	B	0.22%	0.17%	0.17%
VRTX	F	0.29%	0.23%	0.23%
VST	B	0.74%	0.41%	0.41%
VZ	C	0.58%	0.33%	0.33%
WDC	D	0.6%	0.17%	0.17%
WFC	A	1.77%	0.13%	0.13%
WMB	A	0.46%	0.25%	0.25%
WMT	A	1.89%	0.73%	0.73%
WY	D	0.88%	0.17%	0.17%
XOM	B	2.56%	0.77%	0.77%
YUM	B	0.36%	0.51%	0.36%
ZBH	C	0.85%	0.12%	0.12%
ZTS	D	0.23%	0.25%	0.23%

TVAL Overweight 11 Positions Relative to SSPY

Symbol	Grade	Weight
EQH	B	1.0%
TTE	F	0.7%
RPM	A	0.52%
REXR	F	0.48%
AZN	D	0.47%
APO	B	0.46%
ARES	A	0.45%
LAMR	D	0.4%
TSM	B	0.39%
BHP	F	0.2%
SNY	F	0.19%

TVAL Underweight 367 Positions Relative to SSPY

Symbol	Grade	Weight
SYY	B	-0.75%
KR	B	-0.74%
ROST	C	-0.72%
COST	B	-0.71%
SYF	B	-0.69%
DFS	B	-0.69%
WBA	F	-0.64%
DPZ	C	-0.52%
PSX	C	-0.51%
DRI	B	-0.51%
VLO	C	-0.5%
EL	F	-0.5%
CMG	B	-0.5%
AAPL	C	-0.5%
BRK.A	B	-0.5%
EA	A	-0.49%
MPC	D	-0.49%
TTWO	A	-0.49%
L	A	-0.49%
SBUX	A	-0.48%
CHTR	C	-0.47%
MTCH	D	-0.47%
BWA	D	-0.42%
CHD	B	-0.42%
CLX	B	-0.41%
APTV	D	-0.4%
J	F	-0.4%
PWR	A	-0.4%
JBL	B	-0.38%
CEG	D	-0.38%
ADM	D	-0.37%
BG	F	-0.37%
TSN	B	-0.36%
HRL	D	-0.36%
SLB	C	-0.35%
HPQ	B	-0.35%
CRM	B	-0.35%
MO	A	-0.35%
IPG	D	-0.34%
IBM	C	-0.34%
OMC	C	-0.34%
ORCL	B	-0.34%
SNPS	B	-0.34%
ATO	A	-0.33%
GRMN	B	-0.33%
TPR	B	-0.33%
NI	A	-0.33%
T	A	-0.33%
NRG	B	-0.33%
NKE	D	-0.33%
CDNS	B	-0.33%
AES	F	-0.32%
AWK	D	-0.32%
UHS	D	-0.32%
RL	B	-0.32%
LULU	C	-0.31%
FCX	D	-0.3%
EXC	C	-0.3%
DECK	A	-0.3%
TSLA	B	-0.28%
DAL	C	-0.28%
GDDY	A	-0.27%
AKAM	D	-0.27%
VRSN	F	-0.27%
CNP	B	-0.26%
ENPH	F	-0.26%
NUE	C	-0.26%
PEG	A	-0.26%
LOW	D	-0.26%
HAS	D	-0.26%
CNC	D	-0.26%
NVR	D	-0.26%
HUM	C	-0.26%
DLR	B	-0.26%
ETN	A	-0.26%
GM	B	-0.25%
NEM	D	-0.25%
F	C	-0.25%
GILD	C	-0.25%
CTLT	B	-0.25%
EIX	B	-0.25%
STZ	D	-0.25%
SNA	A	-0.25%
PHM	D	-0.25%
LUV	C	-0.25%
KMI	A	-0.25%
MNST	C	-0.25%
ETR	B	-0.25%
TAP	C	-0.25%
INCY	C	-0.25%
RJF	A	-0.25%
BMY	B	-0.25%
GS	A	-0.25%
MRNA	F	-0.24%
AMGN	D	-0.24%
DHI	D	-0.24%
AEP	D	-0.24%
TRGP	B	-0.24%
OKE	A	-0.24%
FE	C	-0.24%
VTRS	A	-0.24%
ED	D	-0.24%
PFE	D	-0.24%
BIIB	F	-0.24%
AVGO	D	-0.23%
PLTR	B	-0.23%
CPRT	A	-0.23%
ON	D	-0.23%
GOOGL	C	-0.23%
NXPI	D	-0.23%
PAYC	B	-0.22%
TYL	B	-0.22%
NFLX	A	-0.22%
LW	C	-0.22%
EBAY	D	-0.22%
AMZN	C	-0.22%
DAY	B	-0.22%
NOW	A	-0.22%
MPWR	F	-0.22%
FFIV	B	-0.21%
ANET	C	-0.21%
PFG	D	-0.21%
AOS	F	-0.21%
CSCO	B	-0.21%
MKC	D	-0.21%
KHC	F	-0.21%
QRVO	F	-0.21%
SWKS	F	-0.21%
SJM	D	-0.21%
GIS	D	-0.21%
PAYX	C	-0.21%
ADP	B	-0.21%
GL	B	-0.2%
IEX	B	-0.2%
IR	B	-0.2%
JNPR	F	-0.2%
AFL	B	-0.2%
PARA	C	-0.2%
CPB	D	-0.2%
PRU	A	-0.2%
INTU	C	-0.2%
AIZ	A	-0.2%
ERIE	D	-0.2%
HSIC	B	-0.2%
FSLR	F	-0.2%
MHK	D	-0.19%
APH	A	-0.19%
XYL	D	-0.19%
CAH	B	-0.19%
TEL	B	-0.19%
HPE	B	-0.19%
MAS	D	-0.19%
WBD	C	-0.19%
PNR	A	-0.19%
BLDR	D	-0.19%
GLW	B	-0.19%
BBWI	D	-0.19%
PEP	F	-0.18%
HSY	F	-0.18%
CTAS	B	-0.18%
CRWD	B	-0.18%
WM	A	-0.18%
ROL	B	-0.18%
COR	B	-0.18%
K	A	-0.18%
TGT	F	-0.17%
ADSK	A	-0.17%
TER	D	-0.17%
MMM	D	-0.17%
ANSS	B	-0.17%
DG	F	-0.17%
FTNT	C	-0.17%
DOV	A	-0.17%
NTAP	C	-0.17%
GEN	B	-0.17%
ITW	B	-0.17%
BBY	D	-0.17%
CTRA	B	-0.17%
MLM	B	-0.17%
DLTR	F	-0.17%
DELL	C	-0.17%
PTC	A	-0.17%
KLAC	D	-0.17%
STX	D	-0.17%
ULTA	F	-0.17%
INTC	D	-0.16%
PANW	C	-0.16%
ADBE	C	-0.16%
DVN	F	-0.16%
GD	F	-0.16%
LH	C	-0.16%
TXT	D	-0.16%
DGX	A	-0.16%
TECH	D	-0.15%
SMCI	F	-0.15%
GPC	D	-0.15%
WAT	B	-0.15%
MTD	D	-0.15%
WRB	A	-0.14%
IQV	D	-0.14%
URI	B	-0.14%
TRV	B	-0.14%
CINF	A	-0.14%
ORLY	B	-0.14%
CRL	C	-0.14%
ACGL	D	-0.14%
KMX	B	-0.14%
EG	C	-0.14%
LKQ	D	-0.14%
BALL	D	-0.13%
FAST	B	-0.13%
PCAR	B	-0.13%
AMCR	D	-0.13%
POOL	C	-0.13%
DE	A	-0.13%
EPAM	C	-0.13%
CTSH	B	-0.13%
ZBRA	B	-0.13%
WAB	B	-0.13%
IT	C	-0.13%
NVDA	C	-0.13%
LDOS	C	-0.13%
STT	A	-0.12%
HLT	A	-0.12%
ABNB	C	-0.12%
SYK	C	-0.12%
STE	F	-0.12%
EXPE	B	-0.12%
ISRG	A	-0.12%
GWW	B	-0.12%
TSCO	D	-0.12%
ARE	D	-0.11%
VTR	C	-0.11%
WELL	A	-0.11%
EXR	D	-0.11%
DVA	B	-0.11%
CPT	B	-0.11%
BR	A	-0.11%
DOC	D	-0.11%
BXP	D	-0.11%
BKNG	A	-0.11%
HST	C	-0.11%
UBER	D	-0.11%
BK	A	-0.11%
DXCM	D	-0.1%
PODD	C	-0.1%
HOLX	D	-0.1%
IDXX	F	-0.1%
NWS	B	-0.1%
ESS	B	-0.1%
RVTY	F	-0.1%
ALGN	D	-0.1%
MAA	B	-0.1%
INVH	D	-0.1%
GEHC	F	-0.1%
EQR	B	-0.1%
FOX	A	-0.1%
UDR	B	-0.1%
FOXA	B	-0.1%
TROW	B	-0.09%
FMC	D	-0.09%
LMT	D	-0.09%
BEN	C	-0.09%
NOC	D	-0.09%
EXPD	D	-0.09%
AXON	A	-0.09%
RCL	A	-0.09%
CCL	B	-0.09%
CHRW	C	-0.09%
KKR	A	-0.09%
NCLH	B	-0.09%
LYV	A	-0.09%
IVZ	B	-0.09%
RMD	C	-0.09%
ALLE	D	-0.08%
CMS	C	-0.08%
PCG	A	-0.08%
XEL	A	-0.08%
PPL	B	-0.08%
EVRG	A	-0.08%
LNT	A	-0.08%
JCI	C	-0.08%
PH	A	-0.08%
GNRC	B	-0.08%
WYNN	D	-0.08%
ODFL	B	-0.08%
RTX	C	-0.08%
HII	D	-0.08%
BX	A	-0.08%
NTRS	A	-0.08%
AMP	A	-0.08%
MOS	F	-0.08%
JBHT	C	-0.08%
CTVA	C	-0.08%
O	D	-0.07%
SPG	B	-0.07%
LYB	F	-0.07%
SW	A	-0.07%
PPG	F	-0.07%
OXY	D	-0.07%
CZR	F	-0.07%
MRO	B	-0.07%
DOW	F	-0.07%
APA	D	-0.07%
HES	B	-0.07%
PNW	B	-0.07%
FDX	B	-0.07%
WEC	A	-0.07%
CE	F	-0.07%
ES	D	-0.07%
DUK	C	-0.07%
TFC	A	-0.06%
CFG	B	-0.06%
PNC	B	-0.06%
KEY	B	-0.06%
RF	A	-0.06%
MTB	A	-0.06%
EW	C	-0.06%
ABT	B	-0.06%
MDT	D	-0.06%
PYPL	B	-0.06%
BSX	B	-0.06%
PKG	A	-0.06%
REG	B	-0.06%
KIM	A	-0.06%
AMT	D	-0.06%
FRT	B	-0.06%
SHW	A	-0.06%
SBAC	D	-0.06%
VICI	C	-0.06%
CCI	D	-0.06%
IRM	D	-0.06%
FICO	B	-0.05%
IFF	D	-0.05%
ECL	D	-0.05%
SOLV	C	-0.05%
APD	A	-0.05%
TFX	F	-0.05%
WST	C	-0.05%
EMN	D	-0.05%
DD	D	-0.05%
ALB	C	-0.05%
JKHY	D	-0.05%
FIS	C	-0.05%
AON	A	-0.04%
BRO	B	-0.04%
CBRE	B	-0.04%
CSGP	D	-0.04%
VRSK	A	-0.04%
GPN	B	-0.04%
FDS	B	-0.04%
MCO	B	-0.04%
MA	C	-0.04%
CBOE	B	-0.04%
MSCI	C	-0.04%
ICE	C	-0.04%
V	A	-0.04%
NDAQ	A	-0.04%
MKTX	D	-0.04%
VLTO	D	-0.03%
NDSN	B	-0.03%
TDY	B	-0.03%
EMR	A	-0.03%
TRMB	B	-0.03%
FTV	C	-0.03%
AJG	B	-0.03%
WTW	B	-0.03%