TEQI vs. NOBL ETF Comparison

Comparison of T. Rowe Price Equity Income ETF (TEQI) to ProShares S&P 500 Aristocrats ETF (NOBL)

TEQI

T. Rowe Price Equity Income ETF

TEQI Description

The investment seeks a high level of dividend income and long-term capital growth. The fund will normally invest at least 80% of its assets in common stocks listed in the United States, with an emphasis on large-capitalization stocks that have a strong track record of paying dividends or that are believed to be undervalued (or futures that have similar economic characteristics). It typically employs a value approach in selecting investments. The fund's in-house research team seeks companies that appear to be undervalued by various measures and may be temporarily out of favor but have good prospects for capital appreciation and dividend growth.

Grade (RS Rating)

Last Trade

$39.76

Average Daily Volume

24,926

Number of Holdings ^*

109

* may have additional holdings in another (foreign) market

NOBL

ProShares S&P 500 Aristocrats ETF

NOBL Description

The investment seeks investment results before fees and expenses that track the performance of the S&P 500Â® Dividend AristocratsÂ® Index (the "index"). The fund will invest at least 80% of its total assets in component securities (i.e., securities of the index and comparable securities that have economic characteristics that are substantially identical to the economic characteristics of the securities of the index). The index contains a minimum of 40 stocks, which are equally weighted, and no single sector is allowed to comprise more than 30% of the index weight.

Grade (RS Rating)

Last Trade

$97.43

Average Daily Volume

418,822

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TEQI	NOBL
30 Days	1.11%	1.16%
60 Days	0.23%	-1.79%
90 Days	4.36%	1.18%
12 Months	15.20%	5.00%

14 Overlapping Holdings

Symbol	Grade	Weight in TEQI	Weight in NOBL	Overlap
ABBV	B	0.55%	1.51%	0.55%
BDX	F	1.71%	1.51%	1.51%
CAH	F	0.16%	1.44%	0.16%
CB	D	2.26%	1.58%	1.58%
CL	B	0.69%	1.67%	0.69%
CVX	D	0.2%	1.48%	0.2%
JNJ	D	1.11%	1.5%	1.11%
KMB	A	1.37%	1.56%	1.37%
KVUE	F	1.11%	1.45%	1.11%
MDT	D	0.87%	1.47%	0.87%
NEE	C	0.85%	1.64%	0.85%
SWK	D	1.38%	1.35%	1.35%
WMT	B	1.12%	1.77%	1.12%
XOM	D	1.57%	1.45%	1.45%

TEQI Overweight 95 Positions Relative to NOBL

Symbol	Grade	Weight
QCOM	C	3.08%
WFC	B	3.04%
TTE	D	2.65%
GE	D	2.51%
AIG	C	2.49%
ELV	C	2.47%
SO	B	2.33%
NWSA	A	2.07%
CF	F	1.77%
EQH	A	1.73%
MSFT	C	1.69%
LHX	A	1.69%
WY	D	1.66%
SCHW	C	1.6%
MET	C	1.54%
PM	A	1.48%
ZBH	F	1.47%
DIS	F	1.44%
AMAT	C	1.35%
EQR	C	1.34%
HIG	C	1.3%
FITB	B	1.3%
JPM	B	1.3%
CI	D	1.26%
D	C	1.22%
BA	D	1.22%
IP	C	1.15%
CVS	F	1.14%
CAG	F	1.13%
LVS	F	1.09%
C	B	1.07%
USB	B	1.07%
L	C	1.06%
MRK	C	1.0%
HBAN	C	0.99%
NXPI	B	0.99%
UPS	F	0.96%
TSN	D	0.85%
TXN	B	0.82%
LUV	D	0.81%
RYN	F	0.8%
NSC	D	0.79%
AEE	C	0.75%
AZN	D	0.73%
VTRS	C	0.72%
HES	D	0.71%
SRE	B	0.71%
EOG	B	0.71%
PFE	C	0.69%
EQT	D	0.65%
SNY	B	0.65%
GM	B	0.62%
TEL	A	0.58%
VZ	B	0.56%
BAC	A	0.54%
CMI	C	0.54%
MAT	F	0.51%
ACN	D	0.5%
KSS	D	0.49%
UNP	D	0.47%
WMB	B	0.47%
GEHC	C	0.45%
MS	A	0.4%
BMY	F	0.38%
COP	D	0.37%
GS	A	0.35%
INTC	D	0.34%
HON	B	0.32%
APO	A	0.31%
TJX	A	0.31%
SRCL	B	0.31%
CMCSA	F	0.3%
BIIB	C	0.29%
MMM	B	0.27%
DG	D	0.26%
REXR	C	0.25%
CNC	D	0.23%
BK	A	0.22%
NWS	A	0.21%
IFF	B	0.2%
CSCO	D	0.19%
BKR	B	0.19%
NI	A	0.18%
T	B	0.15%
STZ	B	0.12%
BBY	B	0.11%
PCG	C	0.11%
HUM	D	0.08%
MDLZ	F	0.08%
AMD	C	0.07%
VNO	C	0.06%
CG	C	0.03%
FLS	C	0.03%
WELL	B	0.02%
META	C	0.02%

TEQI Underweight 51 Positions Relative to NOBL

Symbol	Grade	Weight
CHRW	C	-1.89%
ESS	B	-1.74%
SPGI	A	-1.68%
BRO	B	-1.67%
EXPD	B	-1.65%
ECL	A	-1.65%
APD	D	-1.65%
AMCR	D	-1.64%
AFL	A	-1.64%
CTAS	B	-1.63%
ROP	C	-1.61%
KO	B	-1.6%
TROW	B	-1.58%
DOV	C	-1.58%
PG	D	-1.56%
ADM	C	-1.55%
ATO	B	-1.53%
EMR	B	-1.53%
CINF	B	-1.52%
CHD	D	-1.52%
O	C	-1.51%
FRT	A	-1.51%
IBM	C	-1.5%
SHW	C	-1.5%
GD	D	-1.5%
LIN	C	-1.49%
ED	D	-1.48%
ADP	F	-1.48%
ABT	D	-1.48%
GWW	D	-1.48%
PNR	D	-1.47%
PEP	D	-1.47%
PPG	D	-1.47%
ITW	D	-1.45%
SJM	F	-1.45%
MKC	C	-1.44%
FAST	D	-1.43%
AOS	C	-1.42%
CLX	D	-1.41%
LOW	C	-1.41%
SYY	D	-1.41%
CAT	D	-1.39%
MCD	D	-1.38%
NUE	D	-1.38%
TGT	C	-1.35%
BEN	D	-1.35%
HRL	F	-1.34%
NDSN	D	-1.34%
ALB	F	-1.31%
GPC	D	-1.28%
WST	D	-1.27%