TVAL vs. TSPA ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF (TVAL) to T. Rowe Price U.S. Equity Research ETF (TSPA)

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

TSPA

T. Rowe Price U.S. Equity Research ETF

TSPA Description

Blue Safari Group Acquisition Corp. intends to acquire assets and businesses through a merger, share exchange, share purchase, reorganization, or similar business combination. It focuses on pursuing opportunities in fintech, infotech, insurtech, and business services. The company was incorporated in 2021 and is based in Central, Hong Kong.

Grade (RS Rating)

Last Trade

$37.49

Average Daily Volume

116,042

Number of Holdings ^*

342

* may have additional holdings in another (foreign) market

Performance

Period	TVAL	TSPA
30 Days	2.98%	2.99%
60 Days	4.22%	4.57%
90 Days	5.88%	6.02%
12 Months	29.14%	33.63%

124 Overlapping Holdings

Symbol	Grade	Weight in TVAL	Weight in TSPA	Overlap
ABBV	D	0.36%	0.62%	0.36%
ACN	C	0.7%	0.65%	0.65%
ADI	D	0.35%	0.3%	0.3%
AEE	A	0.65%	0.19%	0.19%
AIG	B	0.87%	0.26%	0.26%
ALL	A	0.39%	0.3%	0.3%
AMAT	F	0.38%	0.02%	0.02%
AMD	F	0.22%	0.55%	0.22%
AME	A	0.31%	0.02%	0.02%
APO	B	0.46%	0.07%	0.07%
ARES	A	0.45%	0.12%	0.12%
AVB	B	1.22%	0.07%	0.07%
AXP	A	0.26%	0.37%	0.26%
AZN	D	0.47%	0.07%	0.07%
AZO	C	0.52%	0.15%	0.15%
BA	F	0.56%	0.24%	0.24%
BAC	A	1.89%	0.61%	0.61%
BDX	F	1.01%	0.29%	0.29%
BLK	C	0.43%	0.21%	0.21%
C	A	0.81%	0.42%	0.42%
CARR	D	0.27%	0.21%	0.21%
CAT	B	0.3%	0.15%	0.15%
CB	C	2.23%	0.48%	0.48%
CF	B	0.52%	0.1%	0.1%
CI	F	0.87%	0.32%	0.32%
CL	D	0.84%	0.22%	0.22%
CMCSA	B	0.46%	0.42%	0.42%
CMI	A	1.09%	0.31%	0.31%
COP	C	1.25%	0.42%	0.42%
CPAY	A	0.42%	0.29%	0.29%
CSX	B	0.49%	0.35%	0.35%
CVS	D	0.23%	0.04%	0.04%
CVX	A	0.73%	0.47%	0.47%
D	C	0.55%	0.05%	0.05%
DHR	F	0.65%	0.46%	0.46%
DIS	B	0.2%	0.2%	0.2%
EFX	F	0.33%	0.09%	0.09%
ELV	F	1.81%	0.37%	0.37%
EOG	A	0.82%	0.2%	0.2%
EQH	B	1.0%	0.08%	0.08%
EQIX	A	0.16%	0.26%	0.16%
EQT	B	0.46%	0.06%	0.06%
FANG	D	0.43%	0.12%	0.12%
FI	A	1.53%	0.49%	0.49%
FITB	A	0.77%	0.14%	0.14%
GE	D	1.21%	0.56%	0.56%
GEV	B	0.7%	0.25%	0.25%
GOOG	C	0.95%	2.14%	0.95%
HAL	C	0.22%	0.09%	0.09%
HBAN	A	0.45%	0.13%	0.13%
HCA	F	0.45%	0.05%	0.05%
HD	A	0.63%	0.9%	0.63%
HIG	B	1.96%	0.28%	0.28%
HON	B	0.68%	0.32%	0.32%
HUBB	B	0.7%	0.16%	0.16%
HWM	A	0.48%	0.16%	0.16%
IP	B	0.64%	0.05%	0.05%
JNJ	D	1.82%	0.68%	0.68%
JPM	A	1.23%	1.16%	1.16%
KDP	D	0.4%	0.3%	0.3%
KEYS	A	0.35%	0.2%	0.2%
KMB	D	0.66%	0.09%	0.09%
KO	D	0.72%	0.68%	0.68%
KVUE	A	1.49%	0.3%	0.3%
LHX	C	1.36%	0.19%	0.19%
LIN	D	0.73%	0.7%	0.7%
LLY	F	1.19%	1.9%	1.19%
LVS	C	0.41%	0.14%	0.14%
MAR	B	0.47%	0.16%	0.16%
MCD	D	0.46%	0.55%	0.46%
MCHP	D	0.27%	0.02%	0.02%
MCK	B	0.8%	0.18%	0.18%
MDLZ	F	0.43%	0.16%	0.16%
MET	A	0.22%	0.26%	0.22%
META	D	0.87%	2.67%	0.87%
MMC	B	0.67%	0.25%	0.25%
MOH	F	0.28%	0.11%	0.11%
MRK	F	0.8%	0.55%	0.55%
MS	A	0.56%	0.26%	0.26%
MSFT	F	0.65%	6.73%	0.65%
MU	D	0.45%	0.02%	0.02%
NEE	D	0.59%	0.51%	0.51%
NSC	B	0.74%	0.21%	0.21%
PG	A	0.72%	0.78%	0.72%
PGR	A	0.48%	0.06%	0.06%
PLD	D	0.34%	0.28%	0.28%
PM	B	1.41%	0.56%	0.56%
PSA	D	0.44%	0.18%	0.18%
QCOM	F	1.08%	0.55%	0.55%
REGN	F	0.42%	0.31%	0.31%
REXR	F	0.48%	0.14%	0.14%
ROK	B	0.52%	0.18%	0.18%
ROP	B	0.29%	0.27%	0.27%
RPM	A	0.52%	0.02%	0.02%
RSG	A	0.62%	0.03%	0.03%
SCHW	B	0.89%	0.35%	0.35%
SNY	F	0.19%	0.04%	0.04%
SO	D	1.67%	0.2%	0.2%
SPGI	C	0.26%	0.33%	0.26%
SRE	A	0.68%	0.04%	0.04%
STLD	B	0.32%	0.13%	0.13%
SWK	D	1.1%	0.32%	0.32%
TDG	D	0.46%	0.16%	0.16%
TJX	A	0.29%	0.2%	0.2%
TMO	F	1.12%	0.66%	0.66%
TMUS	B	0.88%	0.76%	0.76%
TT	A	0.31%	0.14%	0.14%
TXN	C	0.7%	0.46%	0.46%
UAL	A	0.31%	0.05%	0.05%
UNH	C	1.9%	1.2%	1.2%
USB	A	0.56%	0.08%	0.08%
VMC	B	0.22%	0.14%	0.14%
VRTX	F	0.29%	0.18%	0.18%
VST	B	0.74%	0.08%	0.08%
VZ	C	0.58%	0.07%	0.07%
WDC	D	0.6%	0.11%	0.11%
WFC	A	1.77%	0.37%	0.37%
WMB	A	0.46%	0.07%	0.07%
WMT	A	1.89%	0.76%	0.76%
WY	D	0.88%	0.02%	0.02%
XOM	B	2.56%	1.12%	1.12%
YUM	B	0.36%	0.02%	0.02%
ZBH	C	0.85%	0.2%	0.2%
ZTS	D	0.23%	0.09%	0.09%

TVAL Overweight 20 Positions Relative to TSPA

Symbol	Grade	Weight
NWSA	B	0.75%
TTE	F	0.7%
BAX	D	0.5%
UNP	C	0.42%
LEN	D	0.42%
LAMR	D	0.4%
CAG	D	0.4%
TSM	B	0.39%
BKR	B	0.35%
MSI	B	0.34%
A	D	0.33%
COF	B	0.33%
OTIS	C	0.3%
UPS	C	0.28%
CDW	F	0.25%
MGM	D	0.24%
CME	A	0.23%
BHP	F	0.2%
AVY	D	0.19%
DTE	C	0.17%

TVAL Underweight 218 Positions Relative to TSPA

Symbol	Grade	Weight
AAPL	C	-7.37%
NVDA	C	-6.08%
AMZN	C	-3.66%
AVGO	D	-1.69%
TSLA	B	-1.59%
GOOGL	C	-1.48%
BRK.A	B	-1.23%
V	A	-1.1%
MA	C	-0.89%
NFLX	A	-0.8%
COST	B	-0.8%
CRM	B	-0.79%
ORCL	B	-0.53%
PEP	F	-0.51%
ADBE	C	-0.49%
ISRG	A	-0.48%
UBER	D	-0.44%
AMGN	D	-0.44%
KLAC	D	-0.43%
SYK	C	-0.39%
FTNT	C	-0.36%
INTU	C	-0.36%
PCG	A	-0.33%
AMT	D	-0.33%
CSCO	B	-0.32%
BKNG	A	-0.31%
LOW	D	-0.3%
GS	A	-0.29%
ODFL	B	-0.28%
CEG	D	-0.27%
NOC	D	-0.27%
CMG	B	-0.27%
ICE	C	-0.26%
MPC	D	-0.24%
DE	A	-0.24%
XEL	A	-0.23%
BSX	B	-0.23%
NVR	D	-0.23%
IBM	C	-0.23%
PFE	D	-0.22%
SHW	A	-0.21%
WELL	A	-0.21%
CRBG	B	-0.2%
SNPS	B	-0.2%
RTX	C	-0.2%
SLB	C	-0.19%
KKR	A	-0.19%
CDNS	B	-0.19%
ADSK	A	-0.19%
ABT	B	-0.19%
FCX	D	-0.19%
GEN	B	-0.18%
HLT	A	-0.18%
GPN	B	-0.18%
RCL	A	-0.18%
MTD	D	-0.17%
NVO	D	-0.17%
ORLY	B	-0.17%
TGT	F	-0.17%
ROST	C	-0.17%
TDY	B	-0.17%
VOYA	B	-0.17%
SAIA	B	-0.16%
MCO	B	-0.16%
MRVL	B	-0.16%
BK	A	-0.16%
RNR	C	-0.16%
ZBRA	B	-0.15%
FDX	B	-0.15%
THC	D	-0.15%
ATO	A	-0.14%
ANET	C	-0.14%
CBOE	B	-0.14%
GILD	C	-0.14%
BMY	B	-0.13%
ESS	B	-0.13%
TW	A	-0.13%
CPRT	A	-0.13%
WM	A	-0.13%
DFS	B	-0.13%
ENTG	D	-0.12%
COR	B	-0.12%
STZ	D	-0.12%
HOLX	D	-0.12%
DXCM	D	-0.11%
WYNN	D	-0.11%
VRSK	A	-0.11%
BURL	A	-0.11%
LULU	C	-0.11%
CRWD	B	-0.11%
WCN	A	-0.11%
WFG	D	-0.11%
APH	A	-0.11%
TRV	B	-0.11%
ABNB	C	-0.11%
BALL	D	-0.11%
IR	B	-0.11%
FICO	B	-0.11%
CTAS	B	-0.1%
PANW	C	-0.1%
DOV	A	-0.1%
KMI	A	-0.1%
BIIB	F	-0.1%
SBUX	A	-0.1%
PKG	A	-0.1%
MDT	D	-0.1%
ETR	B	-0.1%
JCI	C	-0.09%
DPZ	C	-0.09%
MPWR	F	-0.09%
DG	F	-0.09%
WING	D	-0.08%
CMS	C	-0.08%
DGX	A	-0.08%
FE	C	-0.08%
BX	A	-0.08%
ICLR	D	-0.08%
NKE	D	-0.08%
FTV	C	-0.08%
PNC	B	-0.08%
RGEN	D	-0.08%
SITE	D	-0.07%
PSX	C	-0.07%
MNST	C	-0.07%
EA	A	-0.07%
CBRE	B	-0.07%
IEX	B	-0.07%
HUM	C	-0.07%
EMR	A	-0.07%
EXC	C	-0.07%
SUI	D	-0.07%
VLO	C	-0.07%
NOW	A	-0.06%
MO	A	-0.06%
SPG	B	-0.06%
EVRG	A	-0.06%
MOS	F	-0.06%
EW	C	-0.06%
LPLA	A	-0.06%
PSTG	D	-0.06%
CNP	B	-0.06%
T	A	-0.06%
IDXX	F	-0.06%
SPOT	B	-0.06%
DT	C	-0.06%
TRGP	B	-0.06%
LMT	D	-0.06%
NCLH	B	-0.05%
GM	B	-0.05%
WAL	B	-0.05%
KEY	B	-0.05%
KIM	A	-0.05%
SHOP	B	-0.05%
DAL	C	-0.05%
AXS	A	-0.05%
ESAB	B	-0.05%
HES	B	-0.05%
BGNE	D	-0.05%
VRT	B	-0.05%
CUBE	D	-0.04%
IT	C	-0.04%
FDS	B	-0.04%
ON	D	-0.04%
CLX	B	-0.04%
ZS	C	-0.04%
DUK	C	-0.04%
TPG	A	-0.04%
REG	B	-0.04%
GIS	D	-0.04%
CSGP	D	-0.04%
BPOP	B	-0.04%
AMH	D	-0.04%
EL	F	-0.04%
DVN	F	-0.04%
SYY	B	-0.04%
BR	A	-0.03%
IQV	D	-0.03%
CAH	B	-0.03%
BAH	F	-0.03%
MSCI	C	-0.03%
TSN	B	-0.03%
GD	F	-0.03%
LRCX	F	-0.03%
TFC	A	-0.03%
ST	F	-0.02%
SBAC	D	-0.02%
CPB	D	-0.02%
K	A	-0.02%
BBWI	D	-0.02%
HII	D	-0.02%
NI	A	-0.02%
ELAN	D	-0.02%
ULTA	F	-0.02%
CNI	D	-0.02%
NXPI	D	-0.02%
APTV	D	-0.02%
EWBC	A	-0.02%
PPL	B	-0.02%
ALLY	C	-0.02%
WDAY	B	-0.02%
KHC	F	-0.02%
EXR	D	-0.01%
EBAY	D	-0.01%
LUV	C	-0.01%
F	C	-0.01%
INTC	D	-0.01%
TER	D	-0.01%
XYL	D	-0.01%
LSCC	D	-0.01%
RIVN	F	-0.01%
CCI	D	-0.01%
JBHT	C	-0.01%
VTRS	A	-0.01%
MRNA	F	-0.0%
FSLR	F	-0.0%
CPT	B	-0.0%
CRL	C	-0.0%
VLTO	D	-0.0%