TMSL vs. FXO ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Small-Mid Cap ETF (TMSL) to First Trust Financials AlphaDEX (FXO)

TMSL

T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Small-Mid Cap ETF

TMSL Description

The fund normally invests at least 80% of its net assets (including any borrowings for investment purposes) in assets issued by small- or mid-cap companies. The fund may at times invest significantly in certain sectors, such as the information technology sector.

Grade (RS Rating)

Last Trade

$34.10

Average Daily Volume

71,985

Number of Holdings ^*

256

* may have additional holdings in another (foreign) market

FXO

First Trust Financials AlphaDEX

FXO Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the StrataQuant(R) Financials Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by NYSE Euronext to objectively identify and select stocks from the Russell 1000(R) Index in the financial services sector that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$57.42

Average Daily Volume

54,562

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	TMSL	FXO
30 Days	5.15%	7.73%
60 Days	5.62%	12.20%
90 Days	6.97%	14.01%
12 Months	34.59%	49.93%

16 Overlapping Holdings

Symbol	Grade	Weight in TMSL	Weight in FXO	Overlap
BPOP	C	1.14%	1.45%	1.14%
CRBG	B	0.58%	0.95%	0.58%
EG	C	0.4%	1.42%	0.4%
EQH	C	0.46%	1.31%	0.46%
EWBC	A	0.48%	1.14%	0.48%
FITB	B	0.35%	0.64%	0.35%
HBAN	A	0.56%	1.08%	0.56%
HIG	B	0.15%	0.9%	0.15%
MORN	B	0.44%	0.31%	0.31%
OMF	A	0.45%	1.34%	0.45%
RGA	A	0.51%	0.3%	0.3%
RNR	C	0.95%	1.43%	0.95%
TW	A	0.17%	1.2%	0.17%
VOYA	B	0.67%	0.59%	0.59%
WAL	B	1.15%	0.61%	0.61%
WBS	A	0.8%	1.48%	0.8%

TMSL Overweight 240 Positions Relative to FXO

Symbol	Grade	Weight
SWK	D	1.44%
SEM	B	1.35%
FTI	A	1.23%
CPAY	A	1.23%
MKSI	C	1.19%
TXT	D	1.17%
THC	D	1.13%
DT	D	0.87%
REXR	F	0.84%
ESAB	C	0.81%
LAMR	C	0.79%
RPM	A	0.77%
SSNC	B	0.75%
GDDY	A	0.75%
HII	F	0.75%
DOCU	B	0.71%
LDOS	C	0.65%
BFAM	D	0.65%
GEN	B	0.64%
RL	C	0.63%
WU	F	0.62%
TFX	F	0.61%
RS	B	0.61%
TOL	B	0.6%
INSM	C	0.59%
CUBE	C	0.59%
NTNX	B	0.59%
BDC	C	0.59%
NI	A	0.59%
VNO	C	0.58%
ZBRA	B	0.57%
SAIA	B	0.56%
PATK	C	0.56%
SITE	F	0.55%
EME	A	0.54%
OPCH	D	0.54%
STLD	B	0.54%
CF	A	0.53%
BURL	B	0.53%
ENTG	D	0.52%
FBP	C	0.52%
XPRO	D	0.52%
STNG	F	0.52%
MNDY	C	0.51%
WYNN	C	0.51%
MWA	B	0.51%
WING	D	0.5%
CVNA	B	0.5%
SUM	B	0.5%
AGCO	D	0.5%
VTRS	A	0.5%
CW	C	0.49%
IOT	A	0.49%
CLH	C	0.48%
APG	B	0.48%
WSC	F	0.48%
COOP	B	0.47%
DUOL	A	0.47%
ST	F	0.46%
BLX	B	0.46%
EXAS	D	0.45%
TYL	B	0.45%
TTC	C	0.45%
EHC	B	0.45%
MIDD	C	0.44%
TOST	B	0.43%
BRX	A	0.43%
HUBB	B	0.43%
RRC	B	0.43%
JBL	C	0.42%
TKR	D	0.42%
PLNT	A	0.41%
LRN	A	0.41%
KFY	B	0.41%
FMC	D	0.41%
NVR	D	0.41%
HOLX	D	0.4%
TNL	A	0.4%
VFC	C	0.39%
AEE	A	0.39%
AWI	A	0.39%
FND	D	0.39%
DKNG	B	0.39%
BCO	F	0.39%
RYN	D	0.39%
BBWI	C	0.38%
SUI	C	0.38%
DPZ	C	0.38%
NCLH	B	0.37%
PHIN	A	0.37%
VRRM	F	0.37%
PR	B	0.36%
REG	A	0.36%
PTC	B	0.36%
NXST	C	0.35%
NWS	A	0.35%
PCVX	D	0.34%
UHS	D	0.34%
RNA	C	0.34%
UPWK	B	0.33%
STGW	A	0.33%
FLO	D	0.33%
ULTA	F	0.33%
DRH	B	0.32%
BPMC	B	0.32%
GEO	B	0.32%
KMPR	A	0.32%
DOLE	D	0.32%
USFD	A	0.32%
MAIN	A	0.31%
DOX	D	0.31%
SKWD	A	0.31%
RVTY	F	0.31%
MANH	D	0.3%
MOH	F	0.3%
LPX	B	0.3%
OC	A	0.3%
POR	C	0.3%
HWM	A	0.29%
EVRI	A	0.29%
NBIX	C	0.29%
SHOO	F	0.29%
BERY	C	0.28%
TECH	F	0.28%
OFG	B	0.28%
ASGN	F	0.28%
LSTR	D	0.28%
ARMK	B	0.28%
BJ	A	0.28%
FCN	F	0.28%
AYI	B	0.27%
LPLA	A	0.27%
FTDR	B	0.27%
ATEN	A	0.27%
PAYO	A	0.27%
ELS	C	0.26%
CASY	A	0.26%
CPA	D	0.26%
VNT	C	0.26%
STEP	C	0.26%
KRC	B	0.26%
ELF	C	0.26%
ELAN	D	0.26%
PFGC	B	0.25%
PLAB	C	0.25%
HST	C	0.25%
KYMR	D	0.25%
SCI	B	0.25%
CHDN	B	0.25%
NTRA	A	0.25%
BLDR	D	0.25%
VRTS	B	0.25%
AZEK	A	0.24%
PCTY	C	0.24%
MTX	B	0.24%
MCB	B	0.24%
GLOB	B	0.24%
RVMD	C	0.24%
BLBD	D	0.24%
BOX	B	0.24%
CBOE	C	0.23%
CRNX	C	0.23%
BLD	D	0.23%
OIS	B	0.23%
RDDT	A	0.23%
EEFT	B	0.23%
CTLT	C	0.23%
TREX	C	0.23%
WFRD	D	0.22%
UFPI	C	0.22%
TDW	F	0.22%
CELH	F	0.22%
CRL	D	0.22%
ESS	B	0.22%
ALV	C	0.22%
ALKS	C	0.21%
EPR	C	0.21%
ONON	A	0.21%
LSCC	D	0.21%
VRNT	C	0.21%
BRZE	C	0.21%
RGEN	D	0.21%
WFG	C	0.21%
LPRO	B	0.21%
PK	C	0.2%
SWN	C	0.2%
PRDO	B	0.2%
KEX	B	0.2%
THG	A	0.2%
TXRH	B	0.2%
EVRG	A	0.2%
CWEN	C	0.2%
NWE	B	0.19%
OLLI	D	0.19%
HAFC	B	0.19%
NFG	A	0.19%
BGNE	D	0.18%
AHH	D	0.18%
LUV	C	0.18%
LEGN	D	0.18%
RARE	F	0.18%
PBH	A	0.17%
ENS	F	0.17%
WDC	D	0.17%
PLUS	F	0.16%
AVNT	B	0.16%
BFS	C	0.16%
AVY	F	0.16%
REPL	D	0.16%
SRPT	F	0.16%
BWXT	B	0.16%
VERA	C	0.16%
FIX	A	0.16%
GMRE	F	0.15%
XRAY	F	0.15%
CVLT	B	0.15%
CNP	A	0.15%
WTTR	A	0.15%
NRIX	C	0.14%
TDC	D	0.14%
AMAL	B	0.14%
ESNT	F	0.13%
ACM	B	0.12%
XNCR	B	0.12%
ASND	F	0.12%
NTLA	F	0.11%
MDGL	B	0.11%
ACAD	C	0.11%
CLDX	F	0.11%
IONS	F	0.11%
AKRO	B	0.11%
IDYA	F	0.1%
ANET	C	0.1%
APPF	B	0.08%
RCKT	F	0.08%
BXC	B	0.08%
PRTA	F	0.07%
SRRK	C	0.06%
PLRX	D	0.06%
SWTX	C	0.04%

TMSL Underweight 85 Positions Relative to FXO

Symbol	Grade	Weight
JHG	B	-1.82%
JEF	A	-1.81%
GS	A	-1.8%
KKR	A	-1.75%
AGO	B	-1.74%
TPG	A	-1.73%
WTM	A	-1.72%
TROW	B	-1.67%
CINF	A	-1.66%
BEN	C	-1.62%
AMG	B	-1.6%
ALL	A	-1.56%
PGR	A	-1.54%
MTG	C	-1.46%
UNM	A	-1.4%
COLB	B	-1.38%
BX	A	-1.37%
SEIC	B	-1.36%
FNB	A	-1.35%
ACGL	C	-1.35%
HLI	A	-1.34%
LNC	C	-1.28%
OZK	B	-1.28%
MKL	A	-1.26%
RYAN	A	-1.23%
AXS	A	-1.23%
L	A	-1.21%
GL	C	-1.19%
FHN	A	-1.18%
WFC	A	-1.17%
BRK.A	B	-1.17%
ALLY	C	-1.17%
ZION	B	-1.15%
MS	A	-1.15%
CNA	C	-1.14%
WTFC	A	-1.1%
MTB	A	-1.09%
NTRS	A	-1.07%
FCNCA	A	-1.06%
UWMC	D	-1.02%
NU	C	-1.01%
C	A	-0.99%
SOFI	B	-0.98%
STT	B	-0.97%
BRO	B	-0.96%
SLM	A	-0.95%
MCO	B	-0.92%
CB	C	-0.9%
AFL	B	-0.89%
AMP	A	-0.69%
CMA	B	-0.68%
OWL	A	-0.68%
FHB	B	-0.68%
VIRT	A	-0.67%
BAC	A	-0.67%
PB	B	-0.66%
JPM	A	-0.66%
PNC	B	-0.65%
RF	A	-0.65%
CFG	B	-0.65%
TRV	B	-0.63%
BOKF	B	-0.63%
USB	A	-0.63%
BK	A	-0.62%
WRB	A	-0.61%
ORI	A	-0.61%
RJF	A	-0.38%
APO	B	-0.38%
SF	B	-0.36%
DFS	B	-0.36%
CFR	B	-0.36%
PNFP	B	-0.36%
CBSH	B	-0.35%
KEY	B	-0.33%
AIZ	A	-0.31%
AIG	B	-0.3%
PRU	A	-0.3%
AJG	A	-0.3%
AFG	A	-0.3%
PFG	D	-0.29%
STWD	C	-0.28%
FAF	A	-0.28%
FNF	B	-0.28%
XP	F	-0.27%
AGNC	C	-0.26%