TVAL vs. USCL ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF (TVAL) to iShares Climate Conscious & Transition MSCI USA ETF (USCL)

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

USCL

iShares Climate Conscious & Transition MSCI USA ETF

USCL Description

The fund generally will invest at least 90% of its assets in the component securities of the underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$71.65

Average Daily Volume

2,806

Number of Holdings ^*

296

* may have additional holdings in another (foreign) market

Performance

Period	TVAL	USCL
30 Days	2.98%	3.79%
60 Days	4.22%	5.19%
90 Days	5.88%	7.34%
12 Months	29.14%	35.52%

87 Overlapping Holdings

Symbol	Grade	Weight in TVAL	Weight in USCL	Overlap
A	D	0.33%	0.1%	0.1%
ABBV	D	0.36%	0.81%	0.36%
ACN	C	0.7%	0.61%	0.61%
ADI	D	0.35%	0.28%	0.28%
AIG	B	0.87%	0.14%	0.14%
AMD	F	0.22%	0.61%	0.22%
AME	A	0.31%	0.12%	0.12%
APO	B	0.46%	0.18%	0.18%
AVB	B	1.22%	0.09%	0.09%
AVY	D	0.19%	0.04%	0.04%
AXP	A	0.26%	0.45%	0.26%
BAC	A	1.89%	0.87%	0.87%
BKR	B	0.35%	0.12%	0.12%
BLK	C	0.43%	0.42%	0.42%
CAT	B	0.3%	0.51%	0.3%
CB	C	2.23%	0.3%	0.3%
CL	D	0.84%	0.19%	0.19%
CMCSA	B	0.46%	0.46%	0.46%
CME	A	0.23%	0.22%	0.22%
CMI	A	1.09%	0.14%	0.14%
COP	C	1.25%	0.36%	0.36%
CSX	B	0.49%	0.19%	0.19%
CVS	D	0.23%	0.19%	0.19%
CVX	A	0.73%	0.77%	0.73%
D	C	0.55%	0.13%	0.13%
DHR	F	0.65%	0.43%	0.43%
DIS	B	0.2%	0.54%	0.2%
EFX	F	0.33%	0.09%	0.09%
EOG	A	0.82%	0.21%	0.21%
EQIX	A	0.16%	0.23%	0.16%
FANG	D	0.43%	0.09%	0.09%
FI	A	1.53%	0.33%	0.33%
GOOG	C	0.95%	2.03%	0.95%
HD	A	0.63%	1.09%	0.63%
HIG	B	1.96%	0.09%	0.09%
HUBB	B	0.7%	0.07%	0.07%
JNJ	D	1.82%	0.99%	0.99%
JPM	A	1.23%	1.88%	1.23%
KDP	D	0.4%	0.1%	0.1%
KMB	D	0.66%	0.12%	0.12%
KO	D	0.72%	0.69%	0.69%
LIN	D	0.73%	0.59%	0.59%
LLY	F	1.19%	1.72%	1.19%
LVS	C	0.41%	0.05%	0.05%
MAR	B	0.47%	0.19%	0.19%
MCD	D	0.46%	0.58%	0.46%
MCK	B	0.8%	0.21%	0.21%
MDLZ	F	0.43%	0.24%	0.24%
META	D	0.87%	3.42%	0.87%
MGM	D	0.24%	0.02%	0.02%
MMC	B	0.67%	0.3%	0.3%
MRK	F	0.8%	0.67%	0.67%
MS	A	0.56%	0.44%	0.44%
MSFT	F	0.65%	4.42%	0.65%
NEE	D	0.59%	0.42%	0.42%
NSC	B	0.74%	0.16%	0.16%
PG	A	0.72%	1.07%	0.72%
PGR	A	0.48%	0.41%	0.41%
PLD	D	0.34%	0.29%	0.29%
QCOM	F	1.08%	0.49%	0.49%
REGN	F	0.42%	0.23%	0.23%
ROK	B	0.52%	0.09%	0.09%
ROP	B	0.29%	0.16%	0.16%
RPM	A	0.52%	0.05%	0.05%
RSG	A	0.62%	0.13%	0.13%
SCHW	B	0.89%	0.33%	0.33%
SO	D	1.67%	0.26%	0.26%
SPGI	C	0.26%	0.44%	0.26%
SRE	A	0.68%	0.16%	0.16%
STLD	B	0.32%	0.06%	0.06%
TMO	F	1.12%	0.55%	0.55%
TMUS	B	0.88%	0.34%	0.34%
TT	A	0.31%	0.25%	0.25%
TXN	C	0.7%	0.51%	0.51%
UNH	C	1.9%	1.47%	1.47%
UNP	C	0.42%	0.39%	0.39%
UPS	C	0.28%	0.26%	0.26%
USB	A	0.56%	0.21%	0.21%
VRTX	F	0.29%	0.34%	0.29%
VZ	C	0.58%	0.46%	0.46%
WFC	A	1.77%	0.69%	0.69%
WMT	A	1.89%	1.01%	1.01%
WY	D	0.88%	0.06%	0.06%
XOM	B	2.56%	1.46%	1.46%
YUM	B	0.36%	0.1%	0.1%
ZBH	C	0.85%	0.06%	0.06%
ZTS	D	0.23%	0.22%	0.22%

TVAL Overweight 57 Positions Relative to USCL

Symbol	Grade	Weight
ELV	F	1.81%
KVUE	A	1.49%
PM	B	1.41%
LHX	C	1.36%
GE	D	1.21%
SWK	D	1.1%
BDX	F	1.01%
EQH	B	1.0%
CI	F	0.87%
C	A	0.81%
FITB	A	0.77%
NWSA	B	0.75%
VST	B	0.74%
GEV	B	0.7%
TTE	F	0.7%
HON	B	0.68%
AEE	A	0.65%
IP	B	0.64%
WDC	D	0.6%
BA	F	0.56%
AZO	C	0.52%
CF	B	0.52%
BAX	D	0.5%
HWM	A	0.48%
REXR	F	0.48%
AZN	D	0.47%
WMB	A	0.46%
EQT	B	0.46%
TDG	D	0.46%
HBAN	A	0.45%
ARES	A	0.45%
MU	D	0.45%
HCA	F	0.45%
PSA	D	0.44%
CPAY	A	0.42%
LEN	D	0.42%
LAMR	D	0.4%
CAG	D	0.4%
TSM	B	0.39%
ALL	A	0.39%
AMAT	F	0.38%
KEYS	A	0.35%
MSI	B	0.34%
COF	B	0.33%
UAL	A	0.31%
OTIS	C	0.3%
TJX	A	0.29%
MOH	F	0.28%
CARR	D	0.27%
MCHP	D	0.27%
CDW	F	0.25%
HAL	C	0.22%
VMC	B	0.22%
MET	A	0.22%
BHP	F	0.2%
SNY	F	0.19%
DTE	C	0.17%

TVAL Underweight 209 Positions Relative to USCL

Symbol	Grade	Weight
NVDA	C	-6.73%
AAPL	C	-5.23%
AMZN	C	-5.13%
TSLA	B	-2.41%
GOOGL	C	-2.33%
AVGO	D	-2.04%
V	A	-1.31%
MA	C	-1.17%
NFLX	A	-0.98%
CRM	B	-0.87%
ORCL	B	-0.84%
CSCO	B	-0.63%
ADBE	C	-0.63%
PEP	F	-0.61%
NOW	A	-0.58%
ABT	B	-0.54%
INTU	C	-0.53%
IBM	C	-0.52%
GS	A	-0.51%
BKNG	A	-0.46%
AMGN	D	-0.43%
T	A	-0.43%
PFE	D	-0.4%
ETN	A	-0.39%
UBER	D	-0.36%
PANW	C	-0.35%
BSX	B	-0.35%
BX	A	-0.35%
ADP	B	-0.33%
BMY	B	-0.32%
PLTR	B	-0.32%
GILD	C	-0.31%
SBUX	A	-0.3%
INTC	D	-0.29%
DE	A	-0.28%
NKE	D	-0.25%
SHW	A	-0.25%
WM	A	-0.24%
ICE	C	-0.24%
AMT	D	-0.24%
SNPS	B	-0.23%
MELI	D	-0.23%
PYPL	B	-0.23%
DUK	C	-0.23%
ITW	B	-0.22%
WELL	A	-0.22%
CMG	B	-0.22%
CDNS	B	-0.22%
MCO	B	-0.21%
CTAS	B	-0.21%
CRWD	B	-0.21%
MMM	D	-0.2%
AON	A	-0.2%
EMR	A	-0.2%
CRH	A	-0.19%
CEG	D	-0.19%
TGT	F	-0.19%
AJG	B	-0.18%
GM	B	-0.18%
ADSK	A	-0.18%
FDX	B	-0.18%
FTNT	C	-0.17%
FCX	D	-0.17%
SLB	C	-0.17%
HLT	A	-0.17%
OKE	A	-0.17%
ECL	D	-0.17%
BK	A	-0.16%
WDAY	B	-0.16%
DLR	B	-0.16%
SPG	B	-0.16%
TRV	B	-0.16%
ABNB	C	-0.16%
PCAR	B	-0.16%
JCI	C	-0.15%
KMI	A	-0.14%
SQ	B	-0.13%
NEM	D	-0.13%
WCN	A	-0.13%
PWR	A	-0.13%
PAYX	C	-0.13%
O	D	-0.13%
FIS	C	-0.13%
AEP	D	-0.13%
CPRT	A	-0.13%
PEG	A	-0.12%
ODFL	B	-0.12%
F	C	-0.12%
DFS	B	-0.12%
CCI	D	-0.12%
SNOW	C	-0.11%
STZ	D	-0.11%
EW	C	-0.11%
CTVA	C	-0.11%
TEAM	A	-0.11%
CTSH	B	-0.11%
HES	B	-0.11%
CBRE	B	-0.11%
VRSK	A	-0.11%
MNST	C	-0.11%
IT	C	-0.11%
NUE	C	-0.1%
GIS	D	-0.1%
MLM	B	-0.1%
IQV	D	-0.1%
CHTR	C	-0.1%
ACGL	D	-0.1%
EXC	C	-0.1%
DELL	C	-0.1%
XEL	A	-0.1%
LULU	C	-0.1%
GRMN	B	-0.09%
WTW	B	-0.09%
VICI	C	-0.09%
ED	D	-0.09%
HUBS	A	-0.09%
OXY	D	-0.09%
NDAQ	A	-0.09%
HUM	C	-0.09%
DD	D	-0.09%
WAB	B	-0.09%
IDXX	F	-0.09%
NET	B	-0.08%
DOV	A	-0.08%
STT	A	-0.08%
PPG	F	-0.08%
ANSS	B	-0.08%
GPN	B	-0.08%
XYL	D	-0.08%
EBAY	D	-0.08%
EQR	B	-0.07%
WST	C	-0.07%
AWK	D	-0.07%
HSY	F	-0.07%
MTD	D	-0.07%
FTV	C	-0.07%
CHD	B	-0.07%
TROW	B	-0.07%
DECK	A	-0.07%
BR	A	-0.07%
HPE	B	-0.07%
LII	A	-0.06%
CLX	B	-0.06%
CBOE	B	-0.06%
CSL	C	-0.06%
NTRS	A	-0.06%
ATO	A	-0.06%
ES	D	-0.06%
K	A	-0.06%
WAT	B	-0.06%
ILMN	D	-0.06%
PTC	A	-0.06%
BIIB	F	-0.06%
WSM	B	-0.05%
OC	A	-0.05%
GEN	B	-0.05%
EXPD	D	-0.05%
ARE	D	-0.05%
MANH	D	-0.05%
TRMB	B	-0.05%
PNR	A	-0.05%
FWONK	B	-0.05%
PINS	D	-0.05%
IEX	B	-0.05%
ULTA	F	-0.05%
WRB	A	-0.05%
ZS	C	-0.05%
MKC	D	-0.05%
FDS	B	-0.05%
BALL	D	-0.05%
TRU	D	-0.05%
FSLR	F	-0.05%
BAH	F	-0.05%
LH	C	-0.05%
REG	B	-0.04%
AKAM	D	-0.04%
RVTY	F	-0.04%
ACM	A	-0.04%
DOC	D	-0.04%
TW	A	-0.04%
EL	F	-0.04%
LNT	A	-0.04%
GGG	B	-0.04%
JBHT	C	-0.04%
TWLO	A	-0.04%
MRO	B	-0.04%
KIM	A	-0.04%
WYNN	D	-0.03%
WTRG	B	-0.03%
CRL	C	-0.03%
CTLT	B	-0.03%
CCK	C	-0.03%
SNAP	C	-0.03%
PAYC	B	-0.03%
TAP	C	-0.03%
BXP	D	-0.03%
CG	A	-0.03%
ALB	C	-0.03%
DAY	B	-0.03%
OKTA	C	-0.03%
INCY	C	-0.03%
JKHY	D	-0.03%
AZPN	A	-0.02%
H	B	-0.02%
BSY	D	-0.02%
MTCH	D	-0.02%
DVA	B	-0.02%
CPB	D	-0.02%
TFX	F	-0.02%