TCAF vs. FUTY ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Capital Appreciation Equity ETF (TCAF) to Fidelity MSCI Utilities Index ETF (FUTY)

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

$33.85

Average Daily Volume

559,388

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FUTY

Fidelity MSCI Utilities Index ETF

FUTY Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Utilities Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Utilities Index, which represents the performance of the utilities sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Utilities Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$52.63

Average Daily Volume

290,483

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TCAF	FUTY
30 Days	0.89%	0.88%
60 Days	3.04%	2.97%
90 Days	3.87%	9.09%
12 Months	28.26%	35.66%

9 Overlapping Holdings

Symbol	Grade	Weight in TCAF	Weight in FUTY	Overlap
AEE	A	1.91%	1.83%	1.83%
CMS	C	0.82%	1.54%	0.82%
CNP	A	1.49%	1.47%	1.47%
DTE	C	1.31%	1.89%	1.31%
EXC	C	0.34%	2.92%	0.34%
LNT	A	0.12%	1.17%	0.12%
NI	A	1.09%	1.24%	1.09%
WEC	A	0.12%	2.33%	0.12%
XEL	A	0.11%	2.93%	0.11%

TCAF Overweight 84 Positions Relative to FUTY

Symbol	Grade	Weight
MSFT	D	8.23%
NVDA	B	6.12%
AAPL	C	5.34%
AMZN	C	4.51%
GOOGL	C	3.12%
UNH	B	2.95%
FTV	C	2.71%
DHR	F	2.63%
BDX	F	2.48%
RVTY	F	2.44%
META	D	2.3%
ROP	B	1.74%
PTC	B	1.67%
WCN	A	1.64%
CRM	B	1.63%
INTU	B	1.55%
MA	B	1.53%
LLY	F	1.5%
VLTO	C	1.49%
RTX	D	1.47%
V	A	1.44%
AVGO	D	1.39%
LIN	C	1.24%
ABT	B	1.24%
MLM	C	1.2%
IR	B	1.19%
NOC	D	1.18%
ICE	C	1.06%
MCK	A	1.05%
YUM	D	1.04%
AMD	F	1.02%
MMC	B	0.98%
ADSK	A	0.95%
TMO	F	0.93%
HLT	A	0.92%
MCD	D	0.78%
TDY	B	0.71%
AMT	C	0.7%
SCI	B	0.68%
AVTR	F	0.67%
ELV	F	0.67%
ABBV	F	0.67%
AJG	A	0.62%
HUM	C	0.55%
SBAC	D	0.55%
GEHC	D	0.54%
NXPI	D	0.53%
BIIB	F	0.53%
KKR	A	0.49%
KDP	F	0.46%
RSG	A	0.44%
AUR	C	0.41%
SBUX	A	0.38%
NKE	F	0.36%
BKNG	A	0.34%
IEX	C	0.33%
LRCX	F	0.32%
ANSS	B	0.32%
CSX	C	0.28%
MAR	A	0.28%
ARGX	B	0.26%
DLTR	F	0.25%
ACN	B	0.25%
CME	B	0.24%
WTW	B	0.21%
AME	A	0.2%
MS	A	0.2%
SPGI	C	0.2%
CMG	B	0.16%
SYK	B	0.15%
SLB	C	0.15%
MSCI	C	0.14%
DIS	B	0.14%
CDNS	B	0.12%
KLAC	F	0.12%
VMC	B	0.11%
TW	A	0.1%
INFA	D	0.1%
GS	A	0.1%
PNC	B	0.1%
BA	F	0.09%
TYL	B	0.06%
TT	A	0.05%
APH	A	0.04%

TCAF Underweight 58 Positions Relative to FUTY

Symbol	Grade	Weight
NEE	C	-11.85%
SO	C	-7.27%
DUK	C	-6.55%
CEG	C	-5.45%
SRE	A	-4.39%
AEP	C	-3.79%
VST	A	-3.69%
D	C	-3.61%
PEG	A	-3.32%
PCG	A	-3.27%
ED	C	-2.52%
EIX	B	-2.42%
ETR	B	-2.41%
AWK	C	-1.97%
PPL	A	-1.88%
FE	C	-1.71%
ATO	A	-1.67%
ES	C	-1.66%
NRG	B	-1.46%
EVRG	A	-1.11%
PNW	A	-0.79%
WTRG	B	-0.76%
AES	F	-0.76%
OGE	A	-0.64%
IDA	A	-0.45%
NFG	A	-0.4%
UGI	C	-0.37%
NJR	A	-0.36%
POR	C	-0.36%
ORA	B	-0.33%
BKH	A	-0.33%
SWX	B	-0.33%
OGS	A	-0.32%
PNM	B	-0.3%
ALE	A	-0.29%
SR	A	-0.29%
MGEE	B	-0.29%
MDU	D	-0.27%
NWE	B	-0.26%
AWR	B	-0.24%
OTTR	C	-0.23%
CPK	A	-0.22%
CWT	C	-0.22%
AVA	A	-0.22%
CWEN	C	-0.17%
SJW	F	-0.13%
NWN	A	-0.12%
NEP	F	-0.12%
HE	C	-0.12%
MSEX	C	-0.09%
CWEN	C	-0.07%
UTL	B	-0.07%
OKLO	B	-0.06%
YORW	F	-0.04%
NOVA	F	-0.03%
GNE	F	-0.02%
MNTK	F	-0.02%
AMPS	C	-0.02%