TVAL vs. SZNE ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF (TVAL) to Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF (SZNE)

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

SZNE

Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF

SZNE Description

The investment seeks to track the total return performance, before fees and expenses, of the Pacer CFRA-Stovall Equal Weight Seasonal Rotation Index. The fund invests at least 80% of its total assets (exclusive of collateral held from securities lending) in the component securities of its underlying index or in one or more ETFs that track the performance of all or a portion of such component securities in the same approximate proportion as in its underlying index. The index uses an objective, rules-based methodology to track the performance of a semi-annual rotation of certain sectors within the S&P 500 Equal Weight Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$38.91

Average Daily Volume

3,448

Number of Holdings ^*

223

* may have additional holdings in another (foreign) market

Performance

Period	TVAL	SZNE
30 Days	2.98%	2.64%
60 Days	4.22%	0.15%
90 Days	5.88%	0.62%
12 Months	29.14%	17.34%

52 Overlapping Holdings

Symbol	Grade	Weight in TVAL	Weight in SZNE	Overlap
ACN	C	0.7%	0.36%	0.36%
ADI	D	0.35%	0.32%	0.32%
AMAT	F	0.38%	0.31%	0.31%
AMD	F	0.22%	0.31%	0.22%
AME	A	0.31%	0.35%	0.31%
AVY	D	0.19%	0.78%	0.19%
AZO	C	0.52%	0.46%	0.46%
BA	F	0.56%	0.28%	0.28%
CARR	D	0.27%	0.29%	0.27%
CAT	B	0.3%	0.33%	0.3%
CDW	F	0.25%	0.27%	0.25%
CF	B	0.52%	0.99%	0.52%
CMI	A	1.09%	0.36%	0.36%
CSX	B	0.49%	0.31%	0.31%
EFX	F	0.33%	0.25%	0.25%
GE	D	1.21%	0.3%	0.3%
GEV	B	0.7%	0.46%	0.46%
HD	A	0.63%	0.5%	0.5%
HON	B	0.68%	0.34%	0.34%
HUBB	B	0.7%	0.34%	0.34%
HWM	A	0.48%	0.37%	0.37%
IP	B	0.64%	1.05%	0.64%
KEYS	A	0.35%	0.38%	0.35%
LEN	D	0.42%	0.43%	0.42%
LHX	C	1.36%	0.32%	0.32%
LIN	D	0.73%	0.83%	0.73%
LVS	C	0.41%	0.59%	0.41%
MAR	B	0.47%	0.57%	0.47%
MCD	D	0.46%	0.47%	0.46%
MCHP	D	0.27%	0.29%	0.27%
MGM	D	0.24%	0.49%	0.24%
MSFT	F	0.65%	0.33%	0.33%
MSI	B	0.34%	0.39%	0.34%
MU	D	0.45%	0.37%	0.37%
NSC	B	0.74%	0.32%	0.32%
OTIS	C	0.3%	0.32%	0.3%
QCOM	F	1.08%	0.32%	0.32%
ROK	B	0.52%	0.32%	0.32%
ROP	B	0.29%	0.34%	0.29%
RSG	A	0.62%	0.31%	0.31%
STLD	B	0.32%	1.11%	0.32%
SWK	D	1.1%	0.25%	0.25%
TDG	D	0.46%	0.29%	0.29%
TJX	A	0.29%	0.47%	0.29%
TT	A	0.31%	0.34%	0.31%
TXN	C	0.7%	0.34%	0.34%
UAL	A	0.31%	0.57%	0.31%
UNP	C	0.42%	0.29%	0.29%
UPS	C	0.28%	0.31%	0.28%
VMC	B	0.22%	1.02%	0.22%
WDC	D	0.6%	0.34%	0.34%
YUM	B	0.36%	0.47%	0.36%

TVAL Overweight 92 Positions Relative to SZNE

Symbol	Grade	Weight
XOM	B	2.56%
CB	C	2.23%
HIG	B	1.96%
UNH	C	1.9%
WMT	A	1.89%
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%
COP	C	1.25%
JPM	A	1.23%
AVB	B	1.22%
LLY	F	1.19%
TMO	F	1.12%
BDX	F	1.01%
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%
CL	D	0.84%
EOG	A	0.82%
C	A	0.81%
MCK	B	0.8%
MRK	F	0.8%
FITB	A	0.77%
NWSA	B	0.75%
VST	B	0.74%
CVX	A	0.73%
KO	D	0.72%
PG	A	0.72%
TTE	F	0.7%
SRE	A	0.68%
MMC	B	0.67%
KMB	D	0.66%
AEE	A	0.65%
DHR	F	0.65%
NEE	D	0.59%
VZ	C	0.58%
USB	A	0.56%
MS	A	0.56%
D	C	0.55%
RPM	A	0.52%
BAX	D	0.5%
REXR	F	0.48%
PGR	A	0.48%
AZN	D	0.47%
WMB	A	0.46%
CMCSA	B	0.46%
EQT	B	0.46%
APO	B	0.46%
HBAN	A	0.45%
ARES	A	0.45%
HCA	F	0.45%
PSA	D	0.44%
BLK	C	0.43%
FANG	D	0.43%
MDLZ	F	0.43%
REGN	F	0.42%
CPAY	A	0.42%
LAMR	D	0.4%
KDP	D	0.4%
CAG	D	0.4%
TSM	B	0.39%
ALL	A	0.39%
ABBV	D	0.36%
BKR	B	0.35%
PLD	D	0.34%
A	D	0.33%
COF	B	0.33%
VRTX	F	0.29%
MOH	F	0.28%
AXP	A	0.26%
SPGI	C	0.26%
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%
SNY	F	0.19%
DTE	C	0.17%
EQIX	A	0.16%

TVAL Underweight 171 Positions Relative to SZNE

Symbol	Grade	Weight
ALB	C	-1.09%
SW	A	-1.08%
PKG	A	-1.01%
APD	A	-1.0%
MLM	B	-0.98%
NUE	C	-0.9%
CTVA	C	-0.9%
FCX	D	-0.89%
DD	D	-0.87%
SHW	A	-0.86%
EMN	D	-0.85%
MOS	F	-0.84%
PPG	F	-0.83%
ECL	D	-0.83%
AMCR	D	-0.82%
BALL	D	-0.79%
FMC	D	-0.78%
LYB	F	-0.77%
DOW	F	-0.76%
IFF	D	-0.74%
TSLA	B	-0.7%
CCL	B	-0.69%
NEM	D	-0.69%
RCL	A	-0.67%
NCLH	B	-0.64%
EXPE	B	-0.63%
TPR	B	-0.61%
PLTR	B	-0.6%
BKNG	A	-0.6%
GRMN	B	-0.57%
GM	B	-0.56%
ABNB	C	-0.55%
HLT	A	-0.55%
LULU	C	-0.55%
WYNN	D	-0.55%
DECK	A	-0.54%
RL	B	-0.54%
AMZN	C	-0.52%
DPZ	C	-0.51%
CE	F	-0.51%
CMG	B	-0.5%
ORLY	B	-0.5%
POOL	C	-0.49%
BWA	D	-0.49%
LOW	D	-0.49%
F	C	-0.48%
DRI	B	-0.48%
AXON	A	-0.48%
SBUX	A	-0.47%
EBAY	D	-0.46%
CZR	F	-0.46%
CRWD	B	-0.46%
KMX	B	-0.46%
NVR	D	-0.45%
TSCO	D	-0.45%
CRM	B	-0.44%
NKE	D	-0.44%
FICO	B	-0.43%
DAL	C	-0.43%
TRMB	B	-0.43%
HAS	D	-0.43%
ROST	C	-0.43%
GDDY	A	-0.43%
LKQ	D	-0.43%
ULTA	F	-0.43%
PHM	D	-0.43%
GPC	D	-0.42%
INTC	D	-0.42%
NVDA	C	-0.42%
BBY	D	-0.42%
FTNT	C	-0.42%
HPE	B	-0.42%
JBL	B	-0.41%
MHK	D	-0.41%
CSCO	B	-0.4%
DHI	D	-0.4%
ADSK	A	-0.4%
FFIV	B	-0.4%
EPAM	C	-0.4%
NOW	A	-0.4%
DELL	C	-0.4%
ORCL	B	-0.4%
DAY	B	-0.39%
SNA	A	-0.39%
GNRC	B	-0.39%
PANW	C	-0.39%
CDNS	B	-0.39%
PAYC	B	-0.39%
ZBRA	B	-0.39%
HPQ	B	-0.38%
TDY	B	-0.38%
SNPS	B	-0.38%
GEN	B	-0.38%
GLW	B	-0.38%
EMR	A	-0.38%
APH	A	-0.38%
ANET	C	-0.37%
PWR	A	-0.37%
ANSS	B	-0.37%
PTC	A	-0.37%
ETN	A	-0.36%
GWW	B	-0.36%
NTAP	C	-0.36%
APTV	D	-0.36%
PH	A	-0.36%
IBM	C	-0.35%
WAB	B	-0.35%
IT	C	-0.35%
PCAR	B	-0.35%
TYL	B	-0.35%
FAST	B	-0.35%
AAPL	C	-0.35%
URI	B	-0.34%
ODFL	B	-0.34%
IEX	B	-0.34%
VRSN	F	-0.34%
J	F	-0.34%
INTU	C	-0.34%
IR	B	-0.34%
PNR	A	-0.34%
JCI	C	-0.34%
CTSH	B	-0.34%
CHRW	C	-0.33%
NXPI	D	-0.33%
STX	D	-0.33%
CPRT	A	-0.33%
AVGO	D	-0.33%
LUV	C	-0.33%
VRSK	A	-0.32%
JNPR	F	-0.32%
PAYX	C	-0.32%
ITW	B	-0.32%
CTAS	B	-0.32%
WM	A	-0.32%
ON	D	-0.32%
ADBE	C	-0.32%
BR	A	-0.32%
ADP	B	-0.32%
JBHT	C	-0.32%
DOV	A	-0.32%
AKAM	D	-0.31%
DE	A	-0.31%
FTV	C	-0.31%
LRCX	F	-0.31%
LDOS	C	-0.31%
ROL	B	-0.3%
ALLE	D	-0.3%
EXPD	D	-0.3%
NDSN	B	-0.3%
RTX	C	-0.3%
FDX	B	-0.3%
BLDR	D	-0.29%
NOC	D	-0.29%
KLAC	D	-0.29%
VLTO	D	-0.29%
MAS	D	-0.29%
UBER	D	-0.29%
MMM	D	-0.29%
FSLR	F	-0.28%
SWKS	F	-0.28%
GD	F	-0.28%
LMT	D	-0.28%
TXT	D	-0.28%
XYL	D	-0.28%
TER	D	-0.27%
AOS	F	-0.27%
HII	D	-0.22%
QRVO	F	-0.21%
MPWR	F	-0.21%
ENPH	F	-0.2%
SMCI	F	-0.19%