ACWV vs. TVAL ETF Comparison

Comparison of iShares MSCI All Country World Minimum Volatility Index Fund (ACWV) to T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF (TVAL)

ACWV

iShares MSCI All Country World Minimum Volatility Index Fund

ACWV Description

The investment seeks to track the investment results of an index composed of developed and emerging market equities that, in the aggregate, have lower volatility characteristics relative to the broader developed and emerging equity markets. The fund generally invests at least 90% of its assets in securities of the underlying index or in depositary receipts representing securities in the underlying index. It seeks to track the underlying index, which has been developed by MSCI Inc. ("MSCI") to measure the combined performance of equity securities in both emerging and developed markets that in aggregate have lower volatility. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$113.95

Average Daily Volume

117,990

Number of Holdings ^*

139

* 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

$33.11

Average Daily Volume

13,066

Number of Holdings ^*

144

* may have additional holdings in another (foreign) market

Performance

Period	ACWV	TVAL
30 Days	0.32%	2.98%
60 Days	-0.25%	4.22%
90 Days	1.23%	5.88%
12 Months	18.77%	29.14%

42 Overlapping Holdings

Symbol	Grade	Weight in ACWV	Weight in TVAL	Overlap
ABBV	D	0.49%	0.36%	0.36%
ACN	C	0.26%	0.7%	0.26%
AEE	A	0.11%	0.65%	0.11%
AZO	C	0.77%	0.52%	0.52%
BDX	F	0.22%	1.01%	0.22%
CAG	D	0.05%	0.4%	0.05%
CB	C	0.88%	2.23%	0.88%
CF	B	0.25%	0.52%	0.25%
CI	F	0.24%	0.87%	0.24%
CL	D	0.35%	0.84%	0.35%
CME	A	0.23%	0.23%	0.23%
ELV	F	0.42%	1.81%	0.42%
FANG	D	0.06%	0.43%	0.06%
FI	A	0.48%	1.53%	0.48%
JNJ	D	1.05%	1.82%	1.05%
KDP	D	0.36%	0.4%	0.36%
KEYS	A	0.41%	0.35%	0.35%
KMB	D	0.3%	0.66%	0.3%
KO	D	0.05%	0.72%	0.05%
LLY	F	0.52%	1.19%	0.52%
MCD	D	1.02%	0.46%	0.46%
MCK	B	1.42%	0.8%	0.8%
MDLZ	F	0.25%	0.43%	0.25%
MMC	B	0.88%	0.67%	0.67%
MOH	F	0.12%	0.28%	0.12%
MRK	F	1.06%	0.8%	0.8%
MSFT	F	0.76%	0.65%	0.65%
MSI	B	1.88%	0.34%	0.34%
PG	A	0.82%	0.72%	0.72%
PGR	A	0.84%	0.48%	0.48%
REGN	F	0.61%	0.42%	0.42%
ROP	B	1.36%	0.29%	0.29%
RSG	A	1.19%	0.62%	0.62%
SO	D	0.8%	1.67%	0.8%
TJX	A	0.37%	0.29%	0.29%
TMUS	B	2.03%	0.88%	0.88%
UNH	C	0.83%	1.9%	0.83%
VRTX	F	1.13%	0.29%	0.29%
VZ	C	0.76%	0.58%	0.58%
WMT	A	1.82%	1.89%	1.82%
XOM	B	0.1%	2.56%	0.1%
YUM	B	0.24%	0.36%	0.24%

ACWV Overweight 97 Positions Relative to TVAL

Symbol	Grade	Weight
CSCO	B	1.57%
WM	A	1.5%
PEP	F	1.08%
COR	B	1.05%
BRK.A	B	0.91%
ED	D	0.84%
KR	B	0.83%
DUK	C	0.81%
NOC	D	0.77%
IBM	C	0.73%
WEC	A	0.68%
GDDY	A	0.64%
EA	A	0.63%
ORLY	B	0.62%
GIS	D	0.61%
V	A	0.59%
K	A	0.57%
ACGL	D	0.57%
CBOE	B	0.54%
APH	A	0.54%
ORCL	B	0.54%
GILD	C	0.48%
CHD	B	0.46%
HSY	F	0.44%
MKL	A	0.43%
WRB	A	0.41%
L	A	0.4%
UTHR	C	0.4%
WCN	A	0.39%
INCY	C	0.38%
CHT	D	0.37%
BAH	F	0.37%
FFIV	B	0.36%
VRSN	F	0.35%
AON	A	0.35%
AMGN	D	0.34%
KHC	F	0.33%
AJG	B	0.33%
TRV	B	0.32%
TSN	B	0.32%
JNPR	F	0.32%
NBIX	C	0.31%
HUM	C	0.31%
BRO	B	0.3%
GEN	B	0.3%
AKAM	D	0.27%
SJM	D	0.27%
T	A	0.26%
ERIE	D	0.26%
BMY	B	0.25%
FCNCA	A	0.23%
LMT	D	0.23%
HRL	D	0.23%
FWONK	B	0.22%
PTC	A	0.22%
CPB	D	0.22%
CTSH	B	0.21%
ROL	B	0.21%
MFG	B	0.21%
JKHY	D	0.2%
MA	C	0.19%
BMRN	D	0.19%
DPZ	C	0.19%
CAH	B	0.18%
GD	F	0.18%
LNG	B	0.16%
ULTA	F	0.16%
CMS	C	0.16%
MPC	D	0.15%
DGX	A	0.15%
AIZ	A	0.13%
WIT	A	0.12%
CTVA	C	0.12%
FICO	B	0.12%
MNST	C	0.12%
AZPN	A	0.11%
TDY	B	0.11%
XEL	A	0.11%
EG	C	0.1%
WTW	B	0.1%
WDAY	B	0.1%
PCG	A	0.1%
ABT	B	0.1%
TPL	A	0.1%
NEM	D	0.09%
TRGP	B	0.08%
AEP	D	0.07%
IT	C	0.07%
KNX	B	0.06%
ANET	C	0.06%
DINO	D	0.06%
CHRW	C	0.06%
GPC	D	0.05%
HOLX	D	0.05%
ACI	C	0.05%
HSIC	B	0.05%
HKD	F	0.0%

ACWV Underweight 102 Positions Relative to TVAL

Symbol	Grade	Weight
HIG	B	-1.96%
BAC	A	-1.89%
WFC	A	-1.77%
KVUE	A	-1.49%
PM	B	-1.41%
LHX	C	-1.36%
COP	C	-1.25%
JPM	A	-1.23%
AVB	B	-1.22%
GE	D	-1.21%
TMO	F	-1.12%
SWK	D	-1.1%
CMI	A	-1.09%
QCOM	F	-1.08%
EQH	B	-1.0%
GOOG	C	-0.95%
SCHW	B	-0.89%
WY	D	-0.88%
META	D	-0.87%
AIG	B	-0.87%
ZBH	C	-0.85%
EOG	A	-0.82%
C	A	-0.81%
FITB	A	-0.77%
NWSA	B	-0.75%
VST	B	-0.74%
NSC	B	-0.74%
CVX	A	-0.73%
LIN	D	-0.73%
TXN	C	-0.7%
HUBB	B	-0.7%
GEV	B	-0.7%
TTE	F	-0.7%
HON	B	-0.68%
SRE	A	-0.68%
DHR	F	-0.65%
IP	B	-0.64%
HD	A	-0.63%
WDC	D	-0.6%
NEE	D	-0.59%
USB	A	-0.56%
BA	F	-0.56%
MS	A	-0.56%
D	C	-0.55%
RPM	A	-0.52%
ROK	B	-0.52%
BAX	D	-0.5%
CSX	B	-0.49%
HWM	A	-0.48%
REXR	F	-0.48%
AZN	D	-0.47%
MAR	B	-0.47%
WMB	A	-0.46%
CMCSA	B	-0.46%
EQT	B	-0.46%
APO	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%
BLK	C	-0.43%
UNP	C	-0.42%
CPAY	A	-0.42%
LEN	D	-0.42%
LVS	C	-0.41%
LAMR	D	-0.4%
TSM	B	-0.39%
ALL	A	-0.39%
AMAT	F	-0.38%
BKR	B	-0.35%
ADI	D	-0.35%
PLD	D	-0.34%
EFX	F	-0.33%
A	D	-0.33%
COF	B	-0.33%
STLD	B	-0.32%
UAL	A	-0.31%
TT	A	-0.31%
AME	A	-0.31%
OTIS	C	-0.3%
CAT	B	-0.3%
UPS	C	-0.28%
CARR	D	-0.27%
MCHP	D	-0.27%
AXP	A	-0.26%
SPGI	C	-0.26%
CDW	F	-0.25%
MGM	D	-0.24%
ZTS	D	-0.23%
CVS	D	-0.23%
HAL	C	-0.22%
VMC	B	-0.22%
AMD	F	-0.22%
MET	A	-0.22%
BHP	F	-0.2%
DIS	B	-0.2%
AVY	D	-0.19%
SNY	F	-0.19%
DTE	C	-0.17%
EQIX	A	-0.16%