MOAT vs. TVAL ETF Comparison

Comparison of Market Vectors Wide Moat ETF (MOAT) to T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF (TVAL)

MOAT

Market Vectors Wide Moat ETF

MOAT Description

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MorningstarÂ® Wide Moat Focus IndexSM (the "Wide Moat Index"). The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The index is comprised of securities issued by companies that Morningstar, Inc. ("Morningstar" or the "Wide Moat Index Provider") determines have sustainable competitive advantages based on a proprietary methodology that considers quantitative and qualitative factors ("wide moat companies"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$97.45

Average Daily Volume

661,978

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	MOAT	TVAL
30 Days	1.11%	2.98%
60 Days	2.13%	4.22%
90 Days	3.74%	5.88%
12 Months	25.88%	29.14%

17 Overlapping Holdings

Symbol	Grade	Weight in MOAT	Weight in TVAL	Overlap
A	D	2.21%	0.33%	0.33%
BA	F	1.87%	0.56%	0.56%
CMCSA	B	1.3%	0.46%	0.46%
DIS	B	2.69%	0.2%	0.2%
EFX	F	1.2%	0.33%	0.33%
HON	B	1.35%	0.68%	0.68%
KEYS	A	1.23%	0.35%	0.35%
KVUE	A	2.69%	1.49%	1.49%
MCHP	D	1.02%	0.27%	0.27%
MSFT	F	1.21%	0.65%	0.65%
OTIS	C	1.29%	0.3%	0.3%
ROK	B	1.24%	0.52%	0.52%
SCHW	B	1.51%	0.89%	0.89%
TMO	F	1.04%	1.12%	1.04%
UPS	C	1.24%	0.28%	0.28%
USB	A	2.78%	0.56%	0.56%
ZBH	C	2.37%	0.85%	0.85%

MOAT Overweight 36 Positions Relative to TVAL

Symbol	Grade	Weight
CRM	B	3.14%
BMY	B	3.0%
GILD	C	2.97%
ADSK	A	2.94%
EMR	A	2.87%
MKTX	D	2.73%
BIO	D	2.72%
TRU	D	2.69%
MO	A	2.62%
VEEV	C	2.57%
ALLE	D	2.54%
CTVA	C	2.48%
ADBE	C	2.36%
CPB	D	2.29%
PFE	D	2.1%
IFF	D	2.06%
NKE	D	2.05%
HII	D	1.82%
FTNT	C	1.73%
EL	F	1.56%
WDAY	B	1.44%
CLX	B	1.44%
WAT	B	1.4%
GOOGL	C	1.39%
IEX	B	1.39%
AMZN	C	1.37%
APD	A	1.36%
SBUX	A	1.33%
NOC	D	1.32%
MAS	D	1.29%
RTX	C	1.25%
LRCX	F	1.17%
NXPI	D	1.16%
GEHC	F	1.14%
TER	D	0.97%
ETSY	D	0.91%

MOAT Underweight 127 Positions Relative to TVAL

Symbol	Grade	Weight
XOM	B	-2.56%
CB	C	-2.23%
HIG	B	-1.96%
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%
LHX	C	-1.36%
COP	C	-1.25%
JPM	A	-1.23%
AVB	B	-1.22%
GE	D	-1.21%
LLY	F	-1.19%
SWK	D	-1.1%
CMI	A	-1.09%
QCOM	F	-1.08%
BDX	F	-1.01%
EQH	B	-1.0%
GOOG	C	-0.95%
TMUS	B	-0.88%
WY	D	-0.88%
META	D	-0.87%
AIG	B	-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%
FITB	A	-0.77%
NWSA	B	-0.75%
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%
HUBB	B	-0.7%
ACN	C	-0.7%
GEV	B	-0.7%
TTE	F	-0.7%
SRE	A	-0.68%
MMC	B	-0.67%
KMB	D	-0.66%
AEE	A	-0.65%
DHR	F	-0.65%
IP	B	-0.64%
HD	A	-0.63%
RSG	A	-0.62%
WDC	D	-0.6%
NEE	D	-0.59%
VZ	C	-0.58%
MS	A	-0.56%
D	C	-0.55%
AZO	C	-0.52%
RPM	A	-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%
EQT	B	-0.46%
MCD	D	-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%
ABBV	D	-0.36%
YUM	B	-0.36%
BKR	B	-0.35%
ADI	D	-0.35%
PLD	D	-0.34%
MSI	B	-0.34%
COF	B	-0.33%
STLD	B	-0.32%
UAL	A	-0.31%
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%
CARR	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%
CME	A	-0.23%
HAL	C	-0.22%
VMC	B	-0.22%
AMD	F	-0.22%
MET	A	-0.22%
BHP	F	-0.2%
AVY	D	-0.19%
SNY	F	-0.19%
DTE	C	-0.17%
EQIX	A	-0.16%