TMSL vs. OPTZ ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Small-Mid Cap ETF (TMSL) to Optimize Strategy Index ETF (OPTZ)

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

OPTZ

Optimize Strategy Index ETF

OPTZ Description

OPTZ seeks to track a broad market index consisting of US-listed equities that meet certain market-cap threshold and liquidity requirements. To be included in the fund, eligible large-cap and small-cap companies are evaluated and ranked within their own sector. Large cap companies are ranked based on the ratio of current EPS over the trailing 10-year average EPS, the current P/E ratio, and the 2-year forward EPS growth estimate. Small-cap companies are ranked solely on their P/S ratio. Within these two groups, the top 20% are selected from each sector. The index weights the sectors using the sum of the market capitalization of all constituents in each sector and within each sector each constituent is equally weighted. Reconstitution and rebalancing are done semi-annually.

Grade (RS Rating)

Last Trade

$30.63

Average Daily Volume

6,418

Number of Holdings ^*

321

* may have additional holdings in another (foreign) market

Performance

Period	TMSL	OPTZ
30 Days	5.15%	5.82%
60 Days	5.62%	8.59%
90 Days	6.97%	9.87%
12 Months	34.59%

44 Overlapping Holdings

Symbol	Grade	Weight in TMSL	Weight in OPTZ	Overlap
AKRO	B	0.11%	0.14%	0.11%
ALV	C	0.22%	0.33%	0.22%
ANET	C	0.1%	1.24%	0.1%
AVNT	B	0.16%	0.17%	0.16%
BURL	B	0.53%	0.33%	0.33%
CBOE	C	0.23%	0.19%	0.19%
CHDN	B	0.25%	0.32%	0.25%
COOP	B	0.47%	0.22%	0.22%
CPAY	A	1.23%	0.23%	0.23%
CVNA	B	0.5%	0.55%	0.5%
DOCU	B	0.71%	0.16%	0.16%
DOLE	D	0.32%	0.27%	0.27%
DPZ	C	0.38%	0.34%	0.34%
ELS	C	0.26%	0.09%	0.09%
EME	A	0.54%	0.18%	0.18%
FIX	A	0.16%	0.18%	0.16%
FTI	A	1.23%	0.06%	0.06%
GDDY	A	0.75%	1.27%	0.75%
HIG	B	0.15%	0.2%	0.15%
HII	F	0.75%	0.09%	0.09%
HUBB	B	0.43%	0.15%	0.15%
LAMR	C	0.79%	0.09%	0.09%
LPX	B	0.3%	0.18%	0.18%
MANH	D	0.3%	0.13%	0.13%
MOH	F	0.3%	0.12%	0.12%
NBIX	C	0.29%	0.13%	0.13%
NCLH	B	0.37%	0.48%	0.37%
PCTY	C	0.24%	0.16%	0.16%
PHIN	A	0.37%	0.14%	0.14%
PK	C	0.2%	0.09%	0.09%
REXR	F	0.84%	0.08%	0.08%
RL	C	0.63%	0.39%	0.39%
RNR	C	0.95%	0.2%	0.2%
SAIA	B	0.56%	0.15%	0.15%
SRPT	F	0.16%	0.11%	0.11%
STGW	A	0.33%	0.14%	0.14%
TDW	F	0.22%	0.08%	0.08%
THC	D	1.13%	0.14%	0.14%
UHS	D	0.34%	0.11%	0.11%
ULTA	F	0.33%	0.3%	0.3%
VERA	C	0.16%	0.16%	0.16%
VNO	C	0.58%	0.11%	0.11%
WFRD	D	0.22%	0.05%	0.05%
WYNN	C	0.51%	0.36%	0.36%

TMSL Overweight 212 Positions Relative to OPTZ

Symbol	Grade	Weight
SWK	D	1.44%
SEM	B	1.35%
MKSI	C	1.19%
TXT	D	1.17%
WAL	B	1.15%
BPOP	C	1.14%
DT	D	0.87%
ESAB	C	0.81%
WBS	A	0.8%
RPM	A	0.77%
SSNC	B	0.75%
VOYA	B	0.67%
LDOS	C	0.65%
BFAM	D	0.65%
GEN	B	0.64%
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%
CRBG	B	0.58%
ZBRA	B	0.57%
HBAN	A	0.56%
PATK	C	0.56%
SITE	F	0.55%
OPCH	D	0.54%
STLD	B	0.54%
CF	A	0.53%
ENTG	D	0.52%
FBP	C	0.52%
XPRO	D	0.52%
STNG	F	0.52%
RGA	A	0.51%
MNDY	C	0.51%
MWA	B	0.51%
WING	D	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%
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%
EHC	B	0.45%
OMF	A	0.45%
MIDD	C	0.44%
MORN	B	0.44%
TOST	B	0.43%
BRX	A	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%
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%
RYN	D	0.39%
BBWI	C	0.38%
SUI	C	0.38%
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%
RNA	C	0.34%
UPWK	B	0.33%
FLO	D	0.33%
DRH	B	0.32%
BPMC	B	0.32%
GEO	B	0.32%
KMPR	A	0.32%
USFD	A	0.32%
MAIN	A	0.31%
DOX	D	0.31%
SKWD	A	0.31%
RVTY	F	0.31%
OC	A	0.3%
POR	C	0.3%
HWM	A	0.29%
EVRI	A	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%
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%
NTRA	A	0.25%
BLDR	D	0.25%
VRTS	B	0.25%
AZEK	A	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%
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%
UFPI	C	0.22%
CELH	F	0.22%
CRL	D	0.22%
ESS	B	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%
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%
TW	A	0.17%
WDC	D	0.17%
PLUS	F	0.16%
BFS	C	0.16%
AVY	F	0.16%
REPL	D	0.16%
BWXT	B	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%
IDYA	F	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 277 Positions Relative to OPTZ

Symbol	Grade	Weight
APP	B	-2.03%
NVDA	B	-1.44%
CRWD	B	-1.37%
CRM	B	-1.37%
TTMI	C	-1.36%
INTC	C	-1.31%
DELL	B	-1.29%
NOW	A	-1.27%
FFIV	B	-1.25%
QLYS	B	-1.22%
CDNS	B	-1.21%
BHE	C	-1.2%
ITRI	C	-1.19%
MSI	B	-1.18%
SNPS	B	-1.16%
WIX	A	-1.15%
INFN	D	-1.11%
AAPL	C	-1.06%
VZIO	A	-1.04%
AMD	F	-1.03%
VRSN	C	-1.03%
BAH	F	-1.02%
IBM	C	-1.02%
AMAT	F	-1.0%
ROP	B	-1.0%
FSLR	F	-0.96%
DJT	C	-0.93%
LUMN	C	-0.83%
CRUS	D	-0.8%
IDCC	B	-0.78%
ACLS	F	-0.78%
DIS	B	-0.77%
NFLX	A	-0.73%
TMUS	B	-0.72%
RNG	C	-0.72%
ZM	C	-0.71%
EA	A	-0.66%
META	D	-0.65%
CMCSA	B	-0.64%
T	A	-0.64%
EAT	A	-0.55%
AMC	C	-0.54%
NPAB	F	-0.52%
TSLA	B	-0.49%
WWW	A	-0.48%
RCL	A	-0.47%
COIN	C	-0.42%
HBI	B	-0.42%
WOOF	D	-0.42%
UNFI	A	-0.41%
LULU	C	-0.39%
SIG	B	-0.39%
MAR	A	-0.39%
DECK	A	-0.39%
AMZN	C	-0.38%
LVS	B	-0.38%
WHR	B	-0.37%
GRMN	B	-0.37%
ANF	F	-0.36%
SBH	C	-0.36%
BZH	C	-0.35%
LOW	C	-0.35%
PCT	C	-0.34%
FIVE	F	-0.34%
PVH	C	-0.34%
ORLY	B	-0.34%
TAP	C	-0.32%
MCD	D	-0.32%
APO	B	-0.31%
YETI	D	-0.31%
ENR	B	-0.31%
ETSY	D	-0.3%
CHD	A	-0.3%
ROST	D	-0.29%
DKS	D	-0.29%
GPC	D	-0.29%
COST	A	-0.29%
LC	A	-0.28%
LEA	F	-0.28%
TGT	F	-0.28%
LNW	F	-0.28%
SQ	A	-0.27%
MELI	C	-0.27%
WBA	F	-0.27%
STZ	D	-0.27%
ODP	F	-0.27%
AX	B	-0.26%
DAN	D	-0.26%
PEP	F	-0.26%
CVS	D	-0.26%
APTV	F	-0.25%
CL	D	-0.25%
GS	A	-0.25%
KKR	A	-0.25%
FI	A	-0.25%
AMP	A	-0.25%
CAL	F	-0.25%
BG	D	-0.25%
TROW	B	-0.24%
ARES	A	-0.24%
AXP	A	-0.24%
CROX	D	-0.24%
BLK	B	-0.24%
BHF	C	-0.24%
CINF	A	-0.23%
AGO	B	-0.23%
PRU	A	-0.23%
EWTX	C	-0.23%
AIZ	A	-0.23%
PRG	C	-0.22%
SIGI	C	-0.22%
GPN	B	-0.22%
WTW	B	-0.22%
LBPH	A	-0.22%
BR	A	-0.22%
V	A	-0.22%
TRV	B	-0.22%
NATL	B	-0.21%
GL	C	-0.21%
PGR	A	-0.21%
AXON	A	-0.21%
VRT	B	-0.21%
AER	A	-0.21%
BFH	C	-0.21%
MSCI	C	-0.21%
BRO	B	-0.21%
ALL	A	-0.21%
LDI	C	-0.2%
ICE	C	-0.2%
STRL	A	-0.2%
MKTX	D	-0.2%
CME	B	-0.2%
SPGI	C	-0.2%
CRS	B	-0.2%
MCO	B	-0.2%
GATO	C	-0.2%
ZIM	C	-0.2%
NAVI	F	-0.19%
ACGL	C	-0.19%
DAL	B	-0.19%
PMT	C	-0.19%
CB	C	-0.19%
APD	A	-0.18%
VMC	B	-0.18%
GTLS	A	-0.18%
PAYC	B	-0.18%
XPO	B	-0.18%
EXP	B	-0.18%
SKYW	C	-0.18%
HQY	A	-0.17%
JBLU	F	-0.17%
MLM	C	-0.17%
HASI	D	-0.17%
PEN	B	-0.16%
EMN	C	-0.16%
SHW	B	-0.16%
PWR	A	-0.16%
AIT	B	-0.16%
ACHR	B	-0.16%
INCY	C	-0.16%
GNRC	C	-0.16%
HON	C	-0.15%
ECL	D	-0.15%
ESTC	C	-0.15%
GFF	A	-0.15%
ISRG	A	-0.15%
TT	A	-0.15%
ETN	A	-0.15%
PCAR	B	-0.15%
PEGA	B	-0.15%
WAB	B	-0.15%
JAZZ	B	-0.15%
PH	A	-0.15%
URI	C	-0.15%
TPC	C	-0.15%
PODD	C	-0.15%
CLOV	D	-0.15%
PNR	A	-0.15%
COR	B	-0.14%
ZBH	C	-0.14%
MRC	B	-0.14%
DGX	A	-0.14%
WST	C	-0.14%
LECO	C	-0.14%
UTHR	C	-0.14%
CAH	B	-0.14%
LIVN	F	-0.14%
REVG	C	-0.14%
LIN	C	-0.14%
DVA	C	-0.14%
SYK	B	-0.14%
CAT	B	-0.14%
UNH	B	-0.13%
WDAY	B	-0.13%
BV	C	-0.13%
VRSK	A	-0.13%
ALGN	D	-0.13%
FDX	B	-0.13%
VRTX	D	-0.13%
SAVA	C	-0.13%
OSK	C	-0.13%
PBI	B	-0.13%
WWD	C	-0.13%
ASH	F	-0.13%
AHCO	F	-0.12%
SHC	F	-0.12%
AOS	F	-0.12%
KRYS	C	-0.12%
RPRX	D	-0.12%
XYL	D	-0.12%
STE	D	-0.12%
RSG	A	-0.12%
ETNB	C	-0.12%
DAWN	D	-0.12%
IQV	F	-0.11%
EFX	F	-0.11%
COGT	D	-0.11%
BAX	F	-0.11%
DLR	B	-0.11%
SNDX	F	-0.11%
KURA	F	-0.11%
BA	F	-0.11%
ADBE	C	-0.11%
TMO	F	-0.11%
IDXX	F	-0.11%
DYN	F	-0.11%
UNIT	B	-0.1%
EQIX	A	-0.1%
RHP	B	-0.1%
CGEM	F	-0.1%
WELL	A	-0.1%
SPG	A	-0.1%
LNTH	D	-0.1%
EXPI	D	-0.1%
CBRE	B	-0.1%
OMI	F	-0.1%
CPT	B	-0.09%
PEB	D	-0.09%
NEXT	C	-0.09%
CE	F	-0.09%
WY	F	-0.09%
SBRA	C	-0.09%
OGN	F	-0.09%
NMRK	C	-0.09%
NVRI	D	-0.08%
RDFN	D	-0.08%
SBAC	D	-0.08%
EGP	D	-0.08%
ICLR	D	-0.08%
PRIM	A	-0.08%
CEG	C	-0.07%
KNTK	A	-0.07%
BKR	A	-0.07%
WMB	A	-0.07%
BKD	F	-0.07%
AMT	C	-0.07%
TRGP	A	-0.07%
DTM	A	-0.07%
ATO	A	-0.06%
WKC	C	-0.06%
ETR	B	-0.06%
SLB	C	-0.06%
OII	B	-0.06%
WHD	B	-0.06%
SANA	F	-0.06%
NRG	B	-0.06%
EIX	B	-0.05%
VAL	F	-0.05%
DUK	C	-0.05%
DTE	C	-0.05%
APA	D	-0.05%
SO	C	-0.05%
DK	C	-0.05%
SWX	B	-0.05%
AES	F	-0.04%
NFE	D	-0.04%
HE	C	-0.04%