TCAF vs. LOWV ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Capital Appreciation Equity ETF (TCAF) to AB US Low Volatility Equity ETF (LOWV)

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

565,915

Number of Holdings ^*

* may have additional holdings in another (foreign) market

LOWV

AB US Low Volatility Equity ETF

LOWV Description

The fund is an actively-managed exchange-traded fund ("ETF"). The adviser seeks to achieve the fund"s investment objective by investing, under normal circumstances, at least 80% of its net assets in the equity securities of U.S. companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$71.64

Average Daily Volume

7,408

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TCAF	LOWV
30 Days	1.74%	1.62%
60 Days	2.92%	2.39%
90 Days	3.99%	4.17%
12 Months	28.41%	24.87%

22 Overlapping Holdings

Symbol	Grade	Weight in TCAF	Weight in LOWV	Overlap
AAPL	C	5.34%	3.95%	3.95%
ABBV	D	0.67%	2.05%	0.67%
AEE	A	1.91%	0.77%	0.77%
AMZN	C	4.51%	1.91%	1.91%
AVGO	D	1.39%	3.28%	1.39%
BKNG	A	0.34%	0.96%	0.34%
CRM	B	1.63%	0.33%	0.33%
INTU	C	1.55%	1.7%	1.55%
LLY	F	1.5%	0.89%	0.89%
MA	C	1.53%	1.18%	1.18%
MCK	B	1.05%	1.74%	1.05%
META	D	2.3%	1.64%	1.64%
MMC	B	0.98%	1.34%	0.98%
MSCI	C	0.14%	0.63%	0.14%
MSFT	F	8.23%	8.14%	8.14%
NVDA	C	6.12%	2.24%	2.24%
SPGI	C	0.2%	0.41%	0.2%
TMO	F	0.93%	0.29%	0.29%
UNH	C	2.95%	2.09%	2.09%
V	A	1.44%	1.96%	1.44%
WTW	B	0.21%	0.79%	0.21%
YUM	B	1.04%	0.89%	0.89%

TCAF Overweight 71 Positions Relative to LOWV

Symbol	Grade	Weight
GOOGL	C	3.12%
FTV	C	2.71%
DHR	F	2.63%
BDX	F	2.48%
RVTY	F	2.44%
ROP	B	1.74%
PTC	A	1.67%
WCN	A	1.64%
CNP	B	1.49%
VLTO	D	1.49%
RTX	C	1.47%
DTE	C	1.31%
LIN	D	1.24%
ABT	B	1.24%
MLM	B	1.2%
IR	B	1.19%
NOC	D	1.18%
NI	A	1.09%
ICE	C	1.06%
AMD	F	1.02%
ADSK	A	0.95%
HLT	A	0.92%
CMS	C	0.82%
MCD	D	0.78%
TDY	B	0.71%
AMT	D	0.7%
SCI	B	0.68%
AVTR	F	0.67%
ELV	F	0.67%
AJG	B	0.62%
HUM	C	0.55%
SBAC	D	0.55%
GEHC	F	0.54%
NXPI	D	0.53%
BIIB	F	0.53%
KKR	A	0.49%
KDP	D	0.46%
RSG	A	0.44%
AUR	C	0.41%
SBUX	A	0.38%
NKE	D	0.36%
EXC	C	0.34%
IEX	B	0.33%
LRCX	F	0.32%
ANSS	B	0.32%
CSX	B	0.28%
MAR	B	0.28%
ARGX	A	0.26%
DLTR	F	0.25%
ACN	C	0.25%
CME	A	0.24%
AME	A	0.2%
MS	A	0.2%
CMG	B	0.16%
SYK	C	0.15%
SLB	C	0.15%
DIS	B	0.14%
CDNS	B	0.12%
LNT	A	0.12%
KLAC	D	0.12%
WEC	A	0.12%
XEL	A	0.11%
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 52 Positions Relative to LOWV

Symbol	Grade	Weight
GOOG	C	-4.91%
FI	A	-2.47%
ORCL	B	-2.33%
PM	B	-1.91%
MRK	F	-1.73%
ADP	B	-1.73%
JPM	A	-1.59%
AZO	C	-1.49%
ADBE	C	-1.41%
KO	D	-1.34%
AEP	D	-1.33%
GILD	C	-1.26%
CMCSA	B	-1.26%
BAC	A	-1.23%
NOW	A	-1.17%
LHX	C	-1.14%
DOX	D	-1.14%
PG	A	-1.11%
CBOE	B	-1.1%
LULU	C	-1.08%
G	B	-1.06%
EG	C	-1.05%
SHW	A	-1.02%
ACM	A	-0.96%
CI	F	-0.96%
NYT	C	-0.9%
EA	A	-0.89%
VRTX	F	-0.86%
MDT	D	-0.85%
RELX	C	-0.83%
WMT	A	-0.82%
GEN	B	-0.81%
PGR	A	-0.79%
NTAP	C	-0.74%
PSA	D	-0.73%
ETN	A	-0.66%
XOM	B	-0.66%
LMT	D	-0.64%
DLB	B	-0.64%
MTB	A	-0.61%
ADI	D	-0.6%
RGA	A	-0.6%
AMAT	F	-0.6%
LDOS	C	-0.55%
CL	D	-0.54%
AFG	A	-0.5%
ORLY	B	-0.48%
TSM	B	-0.48%
PAYX	C	-0.46%
FR	C	-0.39%
NICE	C	-0.29%
VZ	C	-0.22%