TCAF vs. FELC ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Capital Appreciation Equity ETF (TCAF) to Fidelity Enhanced Large Cap Core ETF (FELC)

TCAF

T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Capital Appreciation Equity ETF

TCAF Description

The fund normally invests at least 80% of its net assets (including any borrowings for investment purposes) in equity securities. The fund may purchase the stocks of companies of any size, but typically focuses on large U.S. companies. The fund may at times invest significantly in certain sectors, including the information technology and healthcare sectors. It is non-diversified.

Grade (RS Rating)

Last Trade

$33.89

Average Daily Volume

559,388

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FELC

Fidelity Enhanced Large Cap Core ETF

FELC Description

The fund will normally invest at least 80% of assets in common stocks included in the S&P 500® Index, which is a market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance. The adviser will generally use computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the index. It will invest in domestic and foreign issuers.

Grade (RS Rating)

Last Trade

$33.45

Average Daily Volume

587,086

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

Performance

Period	TCAF	FELC
30 Days	0.89%	1.74%
60 Days	3.04%	4.85%
90 Days	3.87%	5.62%
12 Months	28.26%	33.14%

39 Overlapping Holdings

Symbol	Grade	Weight in TCAF	Weight in FELC	Overlap
AAPL	C	5.34%	7.38%	5.34%
ABBV	F	0.67%	1.02%	0.67%
ABT	B	1.24%	0.56%	0.56%
AMT	C	0.7%	0.24%	0.24%
AMZN	C	4.51%	3.93%	3.93%
AVGO	D	1.39%	1.72%	1.39%
BDX	F	2.48%	0.62%	0.62%
BIIB	F	0.53%	0.1%	0.1%
BKNG	A	0.34%	0.13%	0.13%
CME	B	0.24%	0.5%	0.24%
CMG	B	0.16%	0.35%	0.16%
CRM	B	1.63%	1.15%	1.15%
CSX	C	0.28%	0.54%	0.28%
DIS	B	0.14%	0.65%	0.14%
GEHC	D	0.54%	0.04%	0.04%
GOOGL	C	3.12%	2.05%	2.05%
GS	A	0.1%	0.15%	0.1%
KLAC	F	0.12%	0.63%	0.12%
LLY	F	1.5%	0.76%	0.76%
LRCX	F	0.32%	0.44%	0.32%
MA	B	1.53%	1.36%	1.36%
MCK	A	1.05%	0.06%	0.06%
META	D	2.3%	2.89%	2.3%
MMC	B	0.98%	0.29%	0.29%
MS	A	0.2%	0.31%	0.2%
MSCI	C	0.14%	0.33%	0.14%
MSFT	D	8.23%	5.68%	5.68%
NOC	D	1.18%	0.6%	0.6%
NVDA	B	6.12%	7.39%	6.12%
PNC	B	0.1%	0.12%	0.1%
RSG	A	0.44%	0.24%	0.24%
RTX	D	1.47%	0.7%	0.7%
SPGI	C	0.2%	0.31%	0.2%
SYK	B	0.15%	0.03%	0.03%
TMO	F	0.93%	0.33%	0.33%
TT	A	0.05%	0.52%	0.05%
UNH	B	2.95%	0.57%	0.57%
V	A	1.44%	0.82%	0.82%
WTW	B	0.21%	0.14%	0.14%

TCAF Overweight 54 Positions Relative to FELC

Symbol	Grade	Weight
FTV	C	2.71%
DHR	F	2.63%
RVTY	F	2.44%
AEE	A	1.91%
ROP	B	1.74%
PTC	B	1.67%
WCN	A	1.64%
INTU	B	1.55%
CNP	A	1.49%
VLTO	C	1.49%
DTE	C	1.31%
LIN	C	1.24%
MLM	C	1.2%
IR	B	1.19%
NI	A	1.09%
ICE	C	1.06%
YUM	D	1.04%
AMD	F	1.02%
ADSK	A	0.95%
HLT	A	0.92%
CMS	C	0.82%
MCD	D	0.78%
TDY	B	0.71%
SCI	B	0.68%
AVTR	F	0.67%
ELV	F	0.67%
AJG	A	0.62%
HUM	C	0.55%
SBAC	D	0.55%
NXPI	D	0.53%
KKR	A	0.49%
KDP	F	0.46%
AUR	C	0.41%
SBUX	A	0.38%
NKE	F	0.36%
EXC	C	0.34%
IEX	C	0.33%
ANSS	B	0.32%
MAR	A	0.28%
ARGX	B	0.26%
DLTR	F	0.25%
ACN	B	0.25%
AME	A	0.2%
SLB	C	0.15%
CDNS	B	0.12%
LNT	A	0.12%
WEC	A	0.12%
XEL	A	0.11%
VMC	B	0.11%
TW	A	0.1%
INFA	D	0.1%
BA	F	0.09%
TYL	B	0.06%
APH	A	0.04%

TCAF Underweight 131 Positions Relative to FELC

Symbol	Grade	Weight
BRK.A	B	-2.25%
JPM	A	-1.94%
GOOG	C	-1.9%
XOM	B	-1.56%
TSLA	B	-1.31%
NFLX	A	-1.3%
HD	B	-1.29%
BAC	A	-1.2%
WMT	A	-1.14%
MRK	D	-0.99%
PM	B	-0.94%
ADBE	C	-0.94%
QCOM	F	-0.88%
CMCSA	B	-0.86%
NEE	C	-0.84%
SCHW	B	-0.8%
UNP	C	-0.76%
BMY	B	-0.75%
JNJ	C	-0.74%
GILD	C	-0.74%
PGR	A	-0.74%
T	A	-0.73%
PG	C	-0.72%
LMT	D	-0.71%
CTAS	B	-0.69%
AMAT	F	-0.68%
MU	D	-0.66%
CSCO	B	-0.66%
ECL	D	-0.63%
CI	D	-0.63%
TJX	A	-0.59%
SPG	A	-0.59%
SQ	A	-0.58%
CAT	B	-0.57%
CVNA	B	-0.55%
NOW	A	-0.55%
EOG	A	-0.54%
DVN	F	-0.53%
PCAR	B	-0.52%
TXT	D	-0.52%
DBX	B	-0.52%
ZM	C	-0.51%
MSI	B	-0.5%
CL	D	-0.47%
IGT	F	-0.46%
EXEL	B	-0.45%
TRV	B	-0.43%
ANF	F	-0.42%
PFE	F	-0.42%
CACI	D	-0.4%
GE	D	-0.39%
SSNC	B	-0.38%
NSC	B	-0.38%
TDC	D	-0.37%
AON	A	-0.35%
PYPL	B	-0.34%
ALLE	C	-0.33%
AMGN	F	-0.33%
WM	B	-0.32%
TMUS	B	-0.31%
COST	A	-0.31%
CAH	B	-0.31%
AXP	A	-0.31%
TROW	B	-0.31%
PPG	F	-0.3%
SEIC	B	-0.3%
MGM	D	-0.3%
INCY	C	-0.28%
CCL	A	-0.26%
CVS	D	-0.25%
LDOS	C	-0.24%
SKYW	C	-0.23%
GAP	C	-0.22%
GRMN	B	-0.22%
IDXX	F	-0.22%
LHX	C	-0.21%
LYFT	C	-0.21%
GL	C	-0.21%
MEDP	D	-0.21%
ADP	A	-0.2%
ALRM	C	-0.2%
NUE	C	-0.2%
OXY	D	-0.19%
DASH	B	-0.18%
WDAY	B	-0.16%
FTNT	C	-0.15%
ED	C	-0.15%
UBER	F	-0.14%
MMM	D	-0.13%
TWLO	A	-0.13%
UNM	A	-0.12%
VST	A	-0.12%
QRVO	F	-0.12%
NBIX	C	-0.11%
NRG	B	-0.11%
CLX	A	-0.11%
ANET	C	-0.11%
BK	A	-0.11%
F	C	-0.11%
BLD	D	-0.11%
LNW	F	-0.11%
BBWI	C	-0.11%
PEGA	B	-0.1%
WFC	A	-0.1%
HWM	A	-0.1%
PSA	C	-0.09%
SOLV	D	-0.09%
VEEV	C	-0.08%
MKL	A	-0.08%
FR	D	-0.08%
ZBRA	B	-0.06%
DHI	F	-0.06%
STLD	B	-0.06%
VZ	C	-0.06%
ORCL	A	-0.05%
AXTA	B	-0.05%
SCCO	F	-0.05%
PEP	F	-0.05%
PLTK	B	-0.04%
ROST	D	-0.04%
KR	B	-0.03%
SWKS	F	-0.03%
A	D	-0.03%
CRUS	D	-0.03%
LPLA	A	-0.03%
GPN	B	-0.02%
C	A	-0.02%
DOCU	B	-0.02%
WBD	B	-0.01%
AES	F	-0.01%
CVX	A	-0.01%