KNG vs. TVAL ETF Comparison

Comparison of CBOE Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) to T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF (TVAL)

KNG

CBOE Vest S&P 500 Dividend Aristocrats Target Income ETF

KNG Description

The investment seeks to track the performance, before fees and expenses, of the Cboe S&P 500® Dividend Aristocrats Target Income Index Monthly Series (the "index"). Under normal circumstances, at least 80% of the fund's total assets will be invested in the component securities of the index. The index is designed with the primary goal of generating an annualized level of income from stock dividends and option premiums that is approximately 3% over the annual dividend yield of the S&P 500 Index and a secondary goal of generating price returns that are proportional to the price returns of the S&P 500 Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$53.70

Average Daily Volume

309,079

Number of Holdings ^*

* 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	KNG	TVAL
30 Days	0.21%	2.98%
60 Days	-0.03%	4.22%
90 Days	2.53%	5.88%
12 Months	17.38%	29.14%

19 Overlapping Holdings

Symbol	Grade	Weight in KNG	Weight in TVAL	Overlap
ABBV	D	1.35%	0.36%	0.36%
BDX	F	1.42%	1.01%	1.01%
CAT	B	1.5%	0.3%	0.3%
CB	C	1.47%	2.23%	1.47%
CL	D	1.43%	0.84%	0.84%
CVX	A	1.63%	0.73%	0.73%
JNJ	D	1.43%	1.82%	1.43%
KMB	D	1.52%	0.66%	0.66%
KO	D	1.43%	0.72%	0.72%
KVUE	A	1.58%	1.49%	1.49%
LIN	D	1.45%	0.73%	0.73%
MCD	D	1.47%	0.46%	0.46%
NEE	D	1.41%	0.59%	0.59%
PG	A	1.53%	0.72%	0.72%
ROP	B	1.54%	0.29%	0.29%
SPGI	C	1.55%	0.26%	0.26%
SWK	D	1.26%	1.1%	1.1%
WMT	A	1.6%	1.89%	1.6%
XOM	B	1.53%	2.56%	1.53%

KNG Overweight 46 Positions Relative to TVAL

Symbol	Grade	Weight
EMR	A	1.82%
ALB	C	1.75%
CINF	A	1.67%
GWW	B	1.66%
FAST	B	1.65%
CHD	B	1.65%
GPC	D	1.63%
BEN	C	1.63%
DOV	A	1.63%
CAH	B	1.63%
CLX	B	1.61%
PNR	A	1.6%
NUE	C	1.6%
TROW	B	1.6%
BRO	B	1.59%
ITW	B	1.59%
CTAS	B	1.59%
SHW	A	1.57%
ADP	B	1.57%
ATO	A	1.57%
CHRW	C	1.56%
NDSN	B	1.55%
APD	A	1.55%
EXPD	D	1.52%
ABT	B	1.52%
ESS	B	1.52%
SYY	B	1.51%
FRT	B	1.51%
IBM	C	1.5%
AFL	B	1.5%
MKC	D	1.49%
LOW	D	1.48%
HRL	D	1.48%
SJM	D	1.46%
PPG	F	1.45%
WST	C	1.44%
ECL	D	1.44%
ADM	D	1.44%
GD	F	1.42%
AMCR	D	1.42%
MDT	D	1.41%
AOS	F	1.41%
PEP	F	1.4%
ED	D	1.39%
O	D	1.37%
TGT	F	1.23%

KNG Underweight 125 Positions Relative to TVAL

Symbol	Grade	Weight
HIG	B	-1.96%
UNH	C	-1.9%
BAC	A	-1.89%
ELV	F	-1.81%
WFC	A	-1.77%
SO	D	-1.67%
FI	A	-1.53%
PM	B	-1.41%
LHX	C	-1.36%
COP	C	-1.25%
JPM	A	-1.23%
AVB	B	-1.22%
GE	D	-1.21%
LLY	F	-1.19%
TMO	F	-1.12%
CMI	A	-1.09%
QCOM	F	-1.08%
EQH	B	-1.0%
GOOG	C	-0.95%
SCHW	B	-0.89%
TMUS	B	-0.88%
WY	D	-0.88%
META	D	-0.87%
AIG	B	-0.87%
CI	F	-0.87%
ZBH	C	-0.85%
EOG	A	-0.82%
C	A	-0.81%
MCK	B	-0.8%
MRK	F	-0.8%
FITB	A	-0.77%
NWSA	B	-0.75%
VST	B	-0.74%
NSC	B	-0.74%
TXN	C	-0.7%
HUBB	B	-0.7%
ACN	C	-0.7%
GEV	B	-0.7%
TTE	F	-0.7%
HON	B	-0.68%
SRE	A	-0.68%
MMC	B	-0.67%
MSFT	F	-0.65%
AEE	A	-0.65%
DHR	F	-0.65%
IP	B	-0.64%
HD	A	-0.63%
RSG	A	-0.62%
WDC	D	-0.6%
VZ	C	-0.58%
USB	A	-0.56%
BA	F	-0.56%
MS	A	-0.56%
D	C	-0.55%
AZO	C	-0.52%
RPM	A	-0.52%
ROK	B	-0.52%
CF	B	-0.52%
BAX	D	-0.5%
CSX	B	-0.49%
HWM	A	-0.48%
REXR	F	-0.48%
PGR	A	-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%
FANG	D	-0.43%
MDLZ	F	-0.43%
REGN	F	-0.42%
UNP	C	-0.42%
CPAY	A	-0.42%
LEN	D	-0.42%
LVS	C	-0.41%
LAMR	D	-0.4%
KDP	D	-0.4%
CAG	D	-0.4%
TSM	B	-0.39%
ALL	A	-0.39%
AMAT	F	-0.38%
YUM	B	-0.36%
BKR	B	-0.35%
KEYS	A	-0.35%
ADI	D	-0.35%
PLD	D	-0.34%
MSI	B	-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%
VRTX	F	-0.29%
TJX	A	-0.29%
MOH	F	-0.28%
UPS	C	-0.28%
CARR	D	-0.27%
MCHP	D	-0.27%
AXP	A	-0.26%
CDW	F	-0.25%
MGM	D	-0.24%
ZTS	D	-0.23%
CVS	D	-0.23%
CME	A	-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%