TVAL vs. VOE ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF (TVAL) to Vanguard Mid-Cap Value ETF - DNQ (VOE)

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

VOE

Vanguard Mid-Cap Value ETF - DNQ

VOE Description

The investment seeks to track the performance of a benchmark index that measures the investment return of mid-capitalization value stocks. The fund employs an indexing investment approach designed to track the performance of the CRSP US Mid Cap Value Index, a broadly diversified index of value stocks of mid-size U.S. companies. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$174.14

Average Daily Volume

260,328

Number of Holdings ^*

183

* may have additional holdings in another (foreign) market

Performance

Period	TVAL	VOE
30 Days	2.98%	3.57%
60 Days	4.22%	4.57%
90 Days	5.88%	7.52%
12 Months	29.14%	31.70%

38 Overlapping Holdings

Symbol	Grade	Weight in TVAL	Weight in VOE	Overlap
AEE	A	0.65%	0.52%	0.52%
AIG	B	0.87%	0.54%	0.54%
ALL	A	0.39%	1.1%	0.39%
AVB	B	1.22%	0.7%	0.7%
AVY	D	0.19%	0.37%	0.19%
BAX	D	0.5%	0.41%	0.41%
BKR	B	0.35%	0.84%	0.35%
CAG	D	0.4%	0.31%	0.31%
CARR	D	0.27%	1.39%	0.27%
CDW	F	0.25%	0.56%	0.25%
CF	B	0.52%	0.33%	0.33%
CMI	A	1.09%	1.0%	1.0%
D	C	0.55%	0.4%	0.4%
DTE	C	0.17%	0.49%	0.17%
FITB	A	0.77%	0.66%	0.66%
GEV	B	0.7%	0.46%	0.46%
HAL	C	0.22%	0.25%	0.22%
HBAN	A	0.45%	0.5%	0.45%
HIG	B	1.96%	0.72%	0.72%
HUBB	B	0.7%	0.25%	0.25%
IP	B	0.64%	0.43%	0.43%
KEYS	A	0.35%	0.58%	0.35%
KVUE	A	1.49%	0.98%	0.98%
LEN	D	0.42%	0.89%	0.42%
LEN	D	0.42%	0.06%	0.06%
LHX	C	1.36%	1.04%	1.04%
MCHP	D	0.27%	0.44%	0.27%
MGM	D	0.24%	0.09%	0.09%
NWSA	B	0.75%	0.3%	0.3%
OTIS	C	0.3%	0.88%	0.3%
ROK	B	0.52%	0.34%	0.34%
STLD	B	0.32%	0.21%	0.21%
SWK	D	1.1%	0.32%	0.32%
UAL	A	0.31%	0.57%	0.31%
WDC	D	0.6%	0.5%	0.5%
WMB	A	0.46%	0.71%	0.46%
WY	D	0.88%	0.5%	0.5%
ZBH	C	0.85%	0.48%	0.48%

TVAL Overweight 107 Positions Relative to VOE

Symbol	Grade	Weight
XOM	B	2.56%
CB	C	2.23%
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%
PM	B	1.41%
COP	C	1.25%
JPM	A	1.23%
GE	D	1.21%
LLY	F	1.19%
TMO	F	1.12%
QCOM	F	1.08%
BDX	F	1.01%
EQH	B	1.0%
GOOG	C	0.95%
SCHW	B	0.89%
TMUS	B	0.88%
META	D	0.87%
CI	F	0.87%
CL	D	0.84%
EOG	A	0.82%
C	A	0.81%
MCK	B	0.8%
MRK	F	0.8%
VST	B	0.74%
NSC	B	0.74%
CVX	A	0.73%
LIN	D	0.73%
KO	D	0.72%
PG	A	0.72%
TXN	C	0.7%
ACN	C	0.7%
TTE	F	0.7%
HON	B	0.68%
SRE	A	0.68%
MMC	B	0.67%
KMB	D	0.66%
MSFT	F	0.65%
DHR	F	0.65%
HD	A	0.63%
RSG	A	0.62%
NEE	D	0.59%
VZ	C	0.58%
USB	A	0.56%
BA	F	0.56%
MS	A	0.56%
AZO	C	0.52%
RPM	A	0.52%
CSX	B	0.49%
HWM	A	0.48%
REXR	F	0.48%
PGR	A	0.48%
AZN	D	0.47%
MAR	B	0.47%
CMCSA	B	0.46%
EQT	B	0.46%
MCD	D	0.46%
APO	B	0.46%
TDG	D	0.46%
ARES	A	0.45%
MU	D	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%
UNP	C	0.42%
CPAY	A	0.42%
LVS	C	0.41%
LAMR	D	0.4%
KDP	D	0.4%
TSM	B	0.39%
AMAT	F	0.38%
ABBV	D	0.36%
YUM	B	0.36%
ADI	D	0.35%
PLD	D	0.34%
MSI	B	0.34%
EFX	F	0.33%
A	D	0.33%
COF	B	0.33%
TT	A	0.31%
AME	A	0.31%
CAT	B	0.3%
VRTX	F	0.29%
ROP	B	0.29%
TJX	A	0.29%
MOH	F	0.28%
UPS	C	0.28%
AXP	A	0.26%
SPGI	C	0.26%
ZTS	D	0.23%
CVS	D	0.23%
CME	A	0.23%
VMC	B	0.22%
AMD	F	0.22%
MET	A	0.22%
BHP	F	0.2%
DIS	B	0.2%
SNY	F	0.19%
EQIX	A	0.16%

TVAL Underweight 145 Positions Relative to VOE

Symbol	Grade	Weight
AJG	B	-1.37%
DLR	B	-1.3%
OKE	A	-1.26%
PCAR	B	-1.22%
URI	B	-1.2%
NEM	D	-1.17%
AMP	A	-1.11%
DHI	D	-1.1%
FIS	C	-1.09%
PEG	A	-0.99%
PRU	A	-0.97%
PCG	A	-0.94%
CTVA	C	-0.93%
LNG	B	-0.92%
COR	B	-0.9%
EA	A	-0.89%
CBRE	B	-0.89%
EXC	C	-0.87%
GIS	D	-0.84%
GEHC	F	-0.84%
XEL	A	-0.83%
DFS	B	-0.83%
GLW	B	-0.82%
SYY	B	-0.82%
DAL	C	-0.82%
CTSH	B	-0.82%
KR	B	-0.81%
IRM	D	-0.81%
ED	D	-0.78%
ACGL	D	-0.78%
DOW	F	-0.77%
HPQ	B	-0.77%
NDAQ	A	-0.76%
NUE	C	-0.75%
ETR	B	-0.74%
VICI	C	-0.74%
CNC	D	-0.73%
WAB	B	-0.73%
MTB	A	-0.72%
EIX	B	-0.7%
DD	D	-0.69%
GRMN	B	-0.68%
WTW	B	-0.68%
WEC	A	-0.67%
PPG	F	-0.65%
EBAY	D	-0.63%
RJF	A	-0.61%
PHM	D	-0.6%
AWK	D	-0.6%
VTR	C	-0.6%
STT	A	-0.59%
GPN	B	-0.59%
ADM	D	-0.59%
CAH	B	-0.59%
DOV	A	-0.58%
SPG	B	-0.58%
IFF	D	-0.57%
FTV	C	-0.56%
JCI	C	-0.56%
BIIB	F	-0.56%
HPE	B	-0.56%
EQR	B	-0.56%
TROW	B	-0.54%
NTAP	C	-0.53%
ES	D	-0.52%
PPL	B	-0.51%
FE	C	-0.51%
KMI	A	-0.51%
CBOE	B	-0.5%
LYB	F	-0.5%
RF	A	-0.49%
CINF	A	-0.49%
K	A	-0.49%
SYF	B	-0.48%
PKG	A	-0.46%
CMS	C	-0.46%
CLX	B	-0.44%
ZBRA	B	-0.44%
MKC	D	-0.44%
OMC	C	-0.44%
LH	C	-0.43%
CNP	B	-0.43%
NTRS	A	-0.43%
IR	B	-0.43%
ARE	D	-0.43%
HOLX	D	-0.42%
DRI	B	-0.42%
PFG	D	-0.42%
ESS	B	-0.41%
LUV	C	-0.41%
CFG	B	-0.4%
BALL	D	-0.4%
SNA	A	-0.39%
MAS	D	-0.39%
J	F	-0.39%
BBY	D	-0.39%
DG	F	-0.39%
ZM	B	-0.39%
MAA	B	-0.39%
DGX	A	-0.38%
TSN	B	-0.37%
EXPD	D	-0.37%
GPC	D	-0.36%
KEY	B	-0.36%
WBD	C	-0.36%
WRB	A	-0.36%
FNF	B	-0.35%
TXT	D	-0.34%
GEN	B	-0.34%
AKAM	D	-0.34%
LNT	A	-0.34%
EG	C	-0.34%
RVTY	F	-0.33%
L	A	-0.33%
AVTR	F	-0.32%
CVNA	B	-0.32%
SSNC	B	-0.32%
CE	F	-0.31%
VTRS	A	-0.31%
SWKS	F	-0.31%
NVR	D	-0.3%
DLTR	F	-0.29%
WPC	D	-0.27%
LDOS	C	-0.27%
FOXA	B	-0.25%
STE	F	-0.24%
RPRX	D	-0.23%
TRU	D	-0.22%
HRL	D	-0.21%
MKL	A	-0.21%
CPB	D	-0.2%
NI	A	-0.18%
CRBG	B	-0.17%
EL	F	-0.17%
MRO	B	-0.17%
DOC	D	-0.17%
TRMB	B	-0.16%
EVRG	A	-0.15%
UDR	B	-0.08%
BEN	C	-0.07%
WBA	F	-0.07%
WLK	D	-0.06%
AGR	B	-0.06%
ALB	C	-0.06%
FOX	A	-0.06%