TMSL vs. VSMV ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Small-Mid Cap ETF (TMSL) to VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV)

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

$32.28

Average Daily Volume

74,141

Number of Holdings ^*

* may have additional holdings in another (foreign) market

VSMV

VictoryShares US Multi-Factor Minimum Volatility ETF

VSMV Description

The investment seeks to provide investment results that track the performance of the Nasdaq Victory US Multi-Factor Minimum Volatility Index before fees and expenses. The fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its assets in securities included in the Nasdaq Victory US Multi-Factor Minimum Volatility Index (the index). The index utilizes a rules-based approach designed to generate investment returns with less volatility than the broader U.S. market.

Grade (RS Rating)

Last Trade

$48.06

Average Daily Volume

11,658

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TMSL	VSMV
30 Days	2.82%	0.48%
60 Days	2.24%	2.34%
90 Days	7.02%	5.83%
12 Months	31.34%	22.11%

1 Overlapping Holdings

	Symbol	Grade	Weight in TMSL	Weight in VSMV	Overlap
	TXT	D	1.3%	1.47%	1.3%

TMSL Overweight 8 Positions Relative to VSMV

Symbol	Grade	Weight
NWS	D	1.65%
MKSI	F	1.38%
SEM	D	1.31%
FTI	D	1.24%
CPAY	C	1.11%
SWK	B	1.1%
BPOP	C	1.06%
TDW	F	0.92%

TMSL Underweight 65 Positions Relative to VSMV

Symbol	Grade	Weight
AAPL	C	-9.78%
MSFT	C	-8.94%
WMT	B	-4.34%
LMT	B	-3.87%
JNJ	C	-3.77%
ABBV	C	-3.74%
UNH	C	-3.36%
KMB	D	-3.22%
RSG	D	-3.13%
MRK	D	-3.05%
AFL	C	-3.0%
WM	D	-2.93%
CTSH	C	-2.53%
HSY	D	-2.39%
CVX	D	-2.2%
GOOGL	D	-2.18%
NTAP	D	-2.11%
CSCO	B	-2.1%
FAST	C	-2.09%
LDOS	B	-1.76%
EG	C	-1.61%
WRB	C	-1.56%
GD	B	-1.52%
DECK	D	-1.43%
SNA	C	-1.38%
AKAM	D	-1.37%
BMY	C	-1.36%
KMI	A	-1.36%
KR	C	-1.06%
MUSA	D	-0.96%
ULTA	D	-0.86%
FOXA	B	-0.84%
SSNC	B	-0.8%
UNM	B	-0.79%
NYT	C	-0.76%
SAIC	C	-0.65%
COKE	C	-0.38%
CSX	D	-0.33%
CAH	C	-0.3%
TXRH	C	-0.29%
SKX	D	-0.27%
NVR	B	-0.27%
VRSK	D	-0.27%
CLX	C	-0.26%
MA	B	-0.24%
EXPD	C	-0.24%
CSL	B	-0.24%
V	C	-0.24%
HD	A	-0.23%
MAT	C	-0.23%
PRU	C	-0.23%
CI	C	-0.23%
CMCSA	D	-0.22%
UFPI	C	-0.22%
OC	D	-0.22%
EOG	D	-0.22%
CNC	C	-0.21%
TGT	C	-0.2%
TROW	D	-0.2%
THO	D	-0.2%
CHRD	F	-0.19%
VLO	F	-0.19%
MPC	D	-0.19%
BLD	D	-0.19%
CNM	F	-0.16%