TMSL vs. QTUM ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Small-Mid Cap ETF (TMSL) to Defiance Quantum ETF (QTUM)

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

$32.19

Average Daily Volume

65,652

Number of Holdings ^*

* may have additional holdings in another (foreign) market

QTUM

Defiance Quantum ETF

QTUM Description

The investment seeks to track the total return performance, before fees and expenses, of the BlueStar Quantum Computing and Machine Learning Index (the "index"). Under normal circumstances, at least 80% of the fund's total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the index or in depositary receipts representing such component securities. The index consists of a modified equal-weighted portfolio of the stock of companies whose products or services are predominantly tied to the development of quantum computing and machine learning technology. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$61.69

Average Daily Volume

43,313

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TMSL	QTUM
30 Days	0.50%	-0.92%
60 Days	6.03%	8.91%
90 Days	6.78%	-3.23%
12 Months	32.18%	29.67%

1 Overlapping Holdings

	Symbol	Grade	Weight in TMSL	Weight in QTUM	Overlap
	MKSI	F	1.38%	1.17%	1.17%

TMSL Overweight 8 Positions Relative to QTUM

Symbol	Grade	Weight
NWS	D	1.65%
SEM	D	1.31%
TXT	D	1.3%
FTI	B	1.24%
CPAY	A	1.11%
SWK	A	1.1%
BPOP	D	1.06%
TDW	F	0.92%

TMSL Underweight 50 Positions Relative to QTUM

Symbol	Grade	Weight
IBM	C	-1.93%
COHR	B	-1.9%
LMT	A	-1.85%
NOC	B	-1.82%
BABA	A	-1.8%
ACN	B	-1.74%
WIT	B	-1.71%
ORAN	D	-1.7%
NOK	B	-1.69%
RDNT	C	-1.69%
RTX	A	-1.67%
JNPR	C	-1.61%
BAH	A	-1.55%
TSM	C	-1.55%
MSTR	C	-1.54%
TXN	C	-1.52%
QBTS	F	-1.5%
AMD	D	-1.49%
ABBV	A	-1.49%
BIDU	C	-1.47%
HON	B	-1.46%
NVDA	C	-1.45%
MSFT	C	-1.44%
CRUS	D	-1.43%
MRVL	C	-1.43%
HPE	C	-1.4%
ADI	C	-1.4%
KLAC	D	-1.37%
ON	F	-1.35%
GOOGL	C	-1.34%
ONTO	C	-1.33%
NVEC	F	-1.32%
TER	D	-1.29%
TDC	D	-1.28%
CDNS	D	-1.28%
SNPS	F	-1.27%
NXPI	F	-1.22%
AMAT	D	-1.22%
LSCC	D	-1.21%
MCHP	F	-1.19%
RGTI	F	-1.19%
QCOM	D	-1.15%
LRCX	F	-1.14%
INTC	D	-1.13%
ASML	F	-1.13%
FORM	F	-1.13%
SYNA	F	-1.11%
ESTC	F	-1.01%
MU	D	-1.0%
STM	F	-0.91%