TMSL vs. HSMV ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Small-Mid Cap ETF (TMSL) to First Trust Horizon Managed Volatility Small/Mid ETF (HSMV)

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

HSMV

First Trust Horizon Managed Volatility Small/Mid ETF

HSMV Description

The investment seeks to provide investors with capital appreciation. Under normal market conditions, the fund seeks to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in small- and/or mid-capitalization common stocks listed and traded on U.S. national securities exchanges that Sub-Advisor believes exhibit low future expected volatility. It is non-diversified.

Grade (RS Rating)

Last Trade

$38.09

Average Daily Volume

1,340

Number of Holdings ^*

147

* may have additional holdings in another (foreign) market

Performance

Period	TMSL	HSMV
30 Days	5.15%	3.72%
60 Days	5.62%	5.02%
90 Days	6.97%	5.82%
12 Months	34.59%	26.13%

35 Overlapping Holdings

Symbol	Grade	Weight in TMSL	Weight in HSMV	Overlap
ACM	B	0.12%	0.57%	0.12%
AGCO	D	0.5%	0.31%	0.31%
ALV	C	0.22%	0.29%	0.22%
BJ	A	0.28%	0.36%	0.28%
BRX	A	0.43%	0.48%	0.43%
BWXT	B	0.16%	0.48%	0.16%
CASY	A	0.26%	0.26%	0.26%
CHDN	B	0.25%	0.45%	0.25%
CLH	C	0.48%	0.38%	0.38%
COOP	B	0.47%	0.35%	0.35%
CUBE	C	0.59%	0.24%	0.24%
CW	C	0.49%	0.67%	0.49%
EHC	B	0.45%	0.9%	0.45%
ELS	C	0.26%	0.81%	0.26%
EPR	C	0.21%	0.79%	0.21%
ESNT	F	0.13%	0.67%	0.13%
FCN	F	0.28%	0.49%	0.28%
FLO	D	0.33%	1.17%	0.33%
KEX	B	0.2%	0.31%	0.2%
KFY	B	0.41%	0.29%	0.29%
LAMR	C	0.79%	0.43%	0.43%
LSTR	D	0.28%	0.76%	0.28%
MIDD	C	0.44%	0.28%	0.28%
NFG	A	0.19%	1.18%	0.19%
NWE	B	0.19%	1.13%	0.19%
PBH	A	0.17%	0.76%	0.17%
PFGC	B	0.25%	0.45%	0.25%
POR	C	0.3%	1.07%	0.3%
REXR	F	0.84%	0.2%	0.2%
RGA	A	0.51%	0.67%	0.51%
RNR	C	0.95%	0.67%	0.67%
RPM	A	0.77%	0.68%	0.68%
RS	B	0.61%	0.54%	0.54%
RYN	D	0.39%	0.42%	0.39%
SCI	B	0.25%	0.62%	0.25%

TMSL Overweight 221 Positions Relative to HSMV

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%
WAL	B	1.15%
BPOP	C	1.14%
THC	D	1.13%
DT	D	0.87%
ESAB	C	0.81%
WBS	A	0.8%
SSNC	B	0.75%
GDDY	A	0.75%
HII	F	0.75%
DOCU	B	0.71%
VOYA	B	0.67%
LDOS	C	0.65%
BFAM	D	0.65%
GEN	B	0.64%
RL	C	0.63%
WU	F	0.62%
TFX	F	0.61%
TOL	B	0.6%
INSM	C	0.59%
NTNX	B	0.59%
BDC	C	0.59%
NI	A	0.59%
VNO	C	0.58%
CRBG	B	0.58%
ZBRA	B	0.57%
SAIA	B	0.56%
HBAN	A	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%
VTRS	A	0.5%
IOT	A	0.49%
APG	B	0.48%
EWBC	A	0.48%
WSC	F	0.48%
DUOL	A	0.47%
ST	F	0.46%
BLX	B	0.46%
EQH	C	0.46%
EXAS	D	0.45%
TYL	B	0.45%
TTC	C	0.45%
OMF	A	0.45%
MORN	B	0.44%
TOST	B	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%
FMC	D	0.41%
NVR	D	0.41%
HOLX	D	0.4%
TNL	A	0.4%
EG	C	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%
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%
FITB	B	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%
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%
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%
ARMK	B	0.28%
AYI	B	0.27%
LPLA	A	0.27%
FTDR	B	0.27%
ATEN	A	0.27%
PAYO	A	0.27%
CPA	D	0.26%
VNT	C	0.26%
STEP	C	0.26%
KRC	B	0.26%
ELF	C	0.26%
ELAN	D	0.26%
PLAB	C	0.25%
HST	C	0.25%
KYMR	D	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%
ALKS	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%
THG	A	0.2%
TXRH	B	0.2%
EVRG	A	0.2%
CWEN	C	0.2%
OLLI	D	0.19%
HAFC	B	0.19%
BGNE	D	0.18%
AHH	D	0.18%
LUV	C	0.18%
LEGN	D	0.18%
RARE	F	0.18%
ENS	F	0.17%
TW	A	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%
VERA	C	0.16%
FIX	A	0.16%
GMRE	F	0.15%
HIG	B	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%
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 112 Positions Relative to HSMV

Symbol	Grade	Weight
ATR	B	-2.09%
DTM	A	-2.06%
SEIC	B	-1.89%
ORI	A	-1.76%
IDA	A	-1.65%
INGR	C	-1.65%
OGE	A	-1.59%
POST	C	-1.56%
CTRE	C	-1.54%
RLI	A	-1.42%
MSGS	A	-1.4%
ADC	A	-1.34%
DCI	B	-1.33%
CACI	D	-1.29%
FHI	B	-1.26%
AMH	C	-1.24%
NJR	A	-1.24%
AM	A	-1.21%
CHE	D	-1.16%
OHI	C	-1.08%
AFG	A	-1.08%
GGG	B	-1.06%
NNN	C	-1.01%
GNTX	C	-0.99%
GLPI	C	-0.99%
NYT	D	-0.95%
BKH	A	-0.9%
MMS	F	-0.89%
FCPT	C	-0.86%
DLB	B	-0.85%
CBSH	B	-0.83%
MSA	F	-0.8%
PRI	B	-0.78%
IDCC	B	-0.77%
AVA	A	-0.76%
EFC	C	-0.76%
KBR	F	-0.75%
PECO	A	-0.74%
LOPE	C	-0.74%
ENSG	C	-0.73%
AWR	B	-0.72%
OGS	A	-0.72%
SF	B	-0.72%
SLGN	A	-0.68%
CPK	A	-0.67%
AGO	B	-0.67%
JHG	B	-0.66%
EPRT	B	-0.65%
MDU	D	-0.64%
AMG	B	-0.63%
CDP	C	-0.63%
EGP	D	-0.63%
PRGS	A	-0.58%
FELE	B	-0.56%
GATX	A	-0.56%
CHH	A	-0.56%
MTG	C	-0.55%
SBRA	C	-0.55%
COLM	C	-0.55%
NMIH	C	-0.55%
BCPC	B	-0.53%
FLS	B	-0.52%
CWT	C	-0.51%
FNF	B	-0.51%
EPC	F	-0.49%
AVT	C	-0.49%
MUSA	B	-0.47%
LANC	C	-0.46%
JEF	A	-0.46%
FR	D	-0.45%
ARW	D	-0.45%
PB	B	-0.45%
CNO	B	-0.44%
MSM	C	-0.44%
ENR	B	-0.43%
BLKB	B	-0.41%
RDN	D	-0.4%
FAF	A	-0.4%
FNB	A	-0.38%
ITT	A	-0.38%
EXEL	B	-0.38%
ASH	F	-0.36%
GPK	C	-0.36%
ABM	B	-0.36%
G	B	-0.35%
IOSP	C	-0.35%
SAIC	F	-0.35%
LXP	D	-0.34%
RGLD	C	-0.34%
EVR	B	-0.34%
LECO	C	-0.34%
JAZZ	B	-0.33%
CSL	C	-0.33%
MAN	F	-0.32%
JJSF	C	-0.31%
ONB	C	-0.31%
R	B	-0.3%
MTN	C	-0.29%
EVTC	B	-0.28%
OSK	C	-0.28%
ORA	B	-0.27%
PLXS	B	-0.27%
LII	A	-0.26%
HRB	D	-0.26%
FSS	B	-0.24%
LFUS	D	-0.24%
AIN	C	-0.24%
IRT	A	-0.23%
HXL	F	-0.22%
CRI	F	-0.21%
PCH	F	-0.19%
NSA	C	-0.13%