VOE vs. TVAL ETF Comparison

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

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

$174.11

Average Daily Volume

261,045

Number of Holdings ^*

183

* may have additional holdings in another (foreign) market

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

$33.10

Average Daily Volume

12,620

Number of Holdings ^*

144

* may have additional holdings in another (foreign) market

Performance

Period	VOE	TVAL
30 Days	2.98%	2.08%
60 Days	4.61%	3.98%
90 Days	6.87%	5.24%
12 Months	30.91%	28.36%

38 Overlapping Holdings

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

VOE Overweight 145 Positions Relative to TVAL

Symbol	Grade	Weight
AJG	A	1.37%
DLR	B	1.3%
OKE	A	1.26%
PCAR	B	1.22%
URI	C	1.2%
NEM	D	1.17%
AMP	A	1.11%
DHI	F	1.1%
FIS	C	1.09%
PEG	A	0.99%
PRU	A	0.97%
PCG	A	0.94%
CTVA	C	0.93%
LNG	A	0.92%
COR	B	0.9%
EA	A	0.89%
CBRE	B	0.89%
EXC	C	0.87%
GIS	D	0.84%
GEHC	D	0.84%
XEL	A	0.83%
DFS	B	0.83%
GLW	B	0.82%
SYY	D	0.82%
DAL	B	0.82%
CTSH	B	0.82%
KR	B	0.81%
IRM	C	0.81%
ED	C	0.78%
ACGL	C	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	C	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	C	0.6%
VTR	B	0.6%
STT	B	0.59%
GPN	B	0.59%
ADM	D	0.59%
CAH	B	0.59%
DOV	A	0.58%
SPG	A	0.58%
IFF	D	0.57%
FTV	C	0.56%
JCI	B	0.56%
BIIB	F	0.56%
HPE	B	0.56%
EQR	C	0.56%
TROW	B	0.54%
NTAP	C	0.53%
ES	C	0.52%
PPL	A	0.51%
FE	C	0.51%
KMI	A	0.51%
CBOE	C	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	A	0.44%
ZBRA	B	0.44%
MKC	C	0.44%
OMC	C	0.44%
LH	B	0.43%
CNP	A	0.43%
NTRS	A	0.43%
IR	B	0.43%
ARE	F	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	F	0.4%
SNA	A	0.39%
MAS	D	0.39%
J	D	0.39%
BBY	D	0.39%
DG	F	0.39%
ZM	C	0.39%
MAA	B	0.39%
DGX	A	0.38%
TSN	B	0.37%
EXPD	C	0.37%
GPC	D	0.36%
KEY	B	0.36%
WBD	B	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	C	0.27%
LDOS	C	0.27%
FOXA	A	0.25%
STE	D	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	C	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	A	0.06%
ALB	B	0.06%
FOX	A	0.06%

VOE Underweight 107 Positions Relative to TVAL

Symbol	Grade	Weight
XOM	B	-2.56%
CB	C	-2.23%
UNH	B	-1.9%
WMT	A	-1.89%
BAC	A	-1.89%
JNJ	C	-1.82%
ELV	F	-1.81%
WFC	A	-1.77%
SO	C	-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	C	-1.0%
GOOG	C	-0.95%
SCHW	B	-0.89%
TMUS	B	-0.88%
META	D	-0.87%
CI	D	-0.87%
CL	D	-0.84%
EOG	A	-0.82%
C	A	-0.81%
MCK	A	-0.8%
MRK	D	-0.8%
VST	A	-0.74%
NSC	B	-0.74%
CVX	A	-0.73%
LIN	C	-0.73%
KO	D	-0.72%
PG	C	-0.72%
TXN	C	-0.7%
ACN	B	-0.7%
TTE	F	-0.7%
HON	C	-0.68%
SRE	A	-0.68%
MMC	B	-0.67%
KMB	C	-0.66%
MSFT	D	-0.65%
DHR	F	-0.65%
HD	B	-0.63%
RSG	A	-0.62%
NEE	C	-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	C	-0.49%
HWM	A	-0.48%
REXR	F	-0.48%
PGR	A	-0.48%
AZN	F	-0.47%
MAR	A	-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	C	-0.44%
BLK	B	-0.43%
FANG	C	-0.43%
MDLZ	F	-0.43%
REGN	F	-0.42%
UNP	C	-0.42%
CPAY	A	-0.42%
LVS	B	-0.41%
LAMR	C	-0.4%
KDP	F	-0.4%
TSM	B	-0.39%
AMAT	F	-0.38%
ABBV	F	-0.36%
YUM	D	-0.36%
ADI	D	-0.35%
PLD	F	-0.34%
MSI	B	-0.34%
EFX	F	-0.33%
A	D	-0.33%
COF	C	-0.33%
TT	A	-0.31%
AME	A	-0.31%
CAT	B	-0.3%
VRTX	D	-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	B	-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%