TMSL vs. PAPI ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Small-Mid Cap ETF (TMSL) to Parametric Equity Premium Income ETF (PAPI)

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

$34.59

Average Daily Volume

71,985

Number of Holdings ^*

256

* may have additional holdings in another (foreign) market

PAPI

Parametric Equity Premium Income ETF

PAPI Description

The fund is an actively managed exchange-traded fund. Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. Equity securities in which the fund may invest include common stocks.

Grade (RS Rating)

Last Trade

$28.06

Average Daily Volume

32,973

Number of Holdings ^*

189

* may have additional holdings in another (foreign) market

Performance

Period	TMSL	PAPI
30 Days	5.15%	2.11%
60 Days	5.62%	3.48%
90 Days	6.97%	4.02%
12 Months	34.59%	18.27%

14 Overlapping Holdings

Symbol	Grade	Weight in TMSL	Weight in PAPI	Overlap
AEE	A	0.39%	0.54%	0.39%
DOX	D	0.31%	0.49%	0.31%
ESNT	F	0.13%	0.45%	0.13%
EVRG	A	0.2%	0.55%	0.2%
FLO	D	0.33%	0.49%	0.33%
FMC	D	0.41%	0.46%	0.41%
HIG	B	0.15%	0.51%	0.15%
HII	F	0.75%	0.39%	0.39%
NFG	A	0.19%	0.52%	0.19%
POR	C	0.3%	0.51%	0.3%
RS	B	0.61%	0.56%	0.56%
SHOO	F	0.29%	0.47%	0.29%
TXRH	B	0.2%	0.57%	0.2%
WU	F	0.62%	0.48%	0.48%

TMSL Overweight 242 Positions Relative to PAPI

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%
RNR	C	0.95%
DT	D	0.87%
REXR	F	0.84%
ESAB	C	0.81%
WBS	A	0.8%
LAMR	C	0.79%
RPM	A	0.77%
SSNC	B	0.75%
GDDY	A	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%
TFX	F	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%
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%
RGA	A	0.51%
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%
EWBC	A	0.48%
WSC	F	0.48%
COOP	B	0.47%
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%
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%
NVR	D	0.41%
HOLX	D	0.4%
TNL	A	0.4%
EG	C	0.4%
VFC	C	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%
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%
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%
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%
CWEN	C	0.2%
NWE	B	0.19%
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%
PBH	A	0.17%
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%
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%
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 175 Positions Relative to PAPI

Symbol	Grade	Weight
GRMN	B	-0.65%
SNA	A	-0.63%
IP	A	-0.63%
DTM	A	-0.62%
BKR	A	-0.62%
EMR	B	-0.61%
OKE	A	-0.61%
UNM	A	-0.61%
IDCC	B	-0.61%
PINC	B	-0.6%
FOX	A	-0.59%
CFR	B	-0.59%
TAP	C	-0.59%
EA	A	-0.59%
PB	B	-0.59%
MO	A	-0.59%
IDA	A	-0.59%
KMI	A	-0.58%
CINF	A	-0.58%
JHG	B	-0.58%
WMB	A	-0.58%
JCI	B	-0.58%
WHR	B	-0.57%
RHI	C	-0.57%
TRV	B	-0.57%
SRE	A	-0.57%
CTRA	B	-0.57%
RF	A	-0.57%
DGX	A	-0.57%
SYK	B	-0.57%
LH	B	-0.57%
FOXA	A	-0.57%
XEL	A	-0.57%
CVX	A	-0.57%
CMI	A	-0.57%
FAST	B	-0.56%
WSO	A	-0.56%
CAH	B	-0.56%
EOG	A	-0.56%
PKG	A	-0.56%
PM	B	-0.56%
TROW	B	-0.56%
COP	C	-0.56%
VLO	C	-0.55%
PPL	A	-0.55%
DCI	B	-0.55%
INGR	C	-0.55%
UNH	B	-0.55%
GGG	B	-0.55%
OGE	A	-0.55%
T	A	-0.55%
GNTX	C	-0.54%
MOS	F	-0.54%
PAG	B	-0.54%
CMCSA	B	-0.54%
COR	B	-0.54%
OGS	A	-0.54%
ORI	A	-0.54%
WMT	A	-0.54%
CSCO	B	-0.54%
COST	A	-0.54%
CHD	A	-0.54%
AFG	A	-0.54%
DRI	B	-0.54%
TJX	A	-0.54%
ADP	A	-0.54%
MTN	C	-0.54%
MSFT	D	-0.53%
CTSH	B	-0.53%
LHX	C	-0.53%
AM	A	-0.53%
GILD	C	-0.53%
TXN	C	-0.53%
PRU	A	-0.53%
PAYX	B	-0.53%
ATO	A	-0.53%
MSM	C	-0.53%
COLM	C	-0.53%
HPE	B	-0.53%
GLW	B	-0.53%
HP	C	-0.52%
LNT	A	-0.52%
BMI	B	-0.52%
ROP	B	-0.52%
ABT	B	-0.52%
PG	C	-0.52%
ATR	B	-0.52%
PEG	A	-0.52%
UPS	C	-0.52%
HPQ	B	-0.52%
EXPD	C	-0.52%
XOM	B	-0.52%
PSX	C	-0.52%
CHRD	D	-0.52%
WEC	A	-0.52%
CME	B	-0.52%
AVT	C	-0.51%
DD	C	-0.51%
CALM	A	-0.51%
DLB	B	-0.51%
DINO	D	-0.51%
FNF	B	-0.51%
APD	A	-0.51%
LKQ	F	-0.51%
OXM	F	-0.51%
MDT	D	-0.51%
CTVA	C	-0.5%
BDX	F	-0.5%
JNJ	C	-0.5%
DUK	C	-0.5%
RTX	D	-0.5%
POWI	F	-0.5%
NYT	D	-0.5%
DVN	F	-0.5%
FE	C	-0.5%
GD	D	-0.5%
ACN	B	-0.5%
VZ	C	-0.5%
CCOI	B	-0.5%
SNX	D	-0.5%
PFG	D	-0.5%
AEP	C	-0.5%
RGLD	C	-0.5%
BG	D	-0.5%
D	C	-0.5%
MTG	C	-0.5%
SO	C	-0.5%
AFL	B	-0.5%
OMC	C	-0.49%
CHE	D	-0.49%
KMB	C	-0.49%
BBY	D	-0.49%
PPG	F	-0.49%
SON	F	-0.49%
LIN	C	-0.49%
JKHY	D	-0.49%
EMN	C	-0.49%
QCOM	F	-0.49%
HRL	D	-0.49%
CAG	F	-0.48%
LYB	F	-0.48%
AOS	F	-0.48%
WEN	D	-0.48%
ADI	D	-0.48%
ED	C	-0.48%
PEP	F	-0.48%
RPRX	D	-0.48%
LEA	F	-0.48%
AMCR	C	-0.47%
LEN	D	-0.47%
CI	D	-0.47%
ADM	D	-0.47%
KDP	F	-0.46%
ABBV	F	-0.46%
ASH	F	-0.46%
HAS	D	-0.46%
KHC	F	-0.46%
MRK	D	-0.46%
IBM	C	-0.46%
IPG	D	-0.45%
SWKS	F	-0.45%
GPC	D	-0.45%
KO	D	-0.45%
DHR	F	-0.45%
HUN	F	-0.44%
MAN	F	-0.44%
DOW	F	-0.44%
PFE	F	-0.44%
INSW	F	-0.44%
PII	F	-0.43%
ELV	F	-0.43%
CVI	F	-0.42%
CRI	F	-0.41%
NEM	D	-0.38%
SCCO	F	-0.0%