TMSL vs. XSMO ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Small-Mid Cap ETF (TMSL) to Invesco S&P SmallCap Momentum ETF (XSMO)

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

$33.50

Average Daily Volume

68,970

Number of Holdings ^*

256

* may have additional holdings in another (foreign) market

XSMO

Invesco S&P SmallCap Momentum ETF

XSMO Description

The Invesco S&P SmallCap Momentum ETF (Fund) is based on the S&P Smallcap 600 Momentum Index (Index). The Fund will invest at least 90% of its total assets in the component securities that comprise the Index. The Index is composed of securities 120 securities in the S&P SmallCap 600® Index having the highest “momentum scores,” calculated pursuant to the index methodology. which are computed by measuring the upward price movements of each security as compared to other eligible stocks within the S&P Midcap 600 Index. The Fund and the Index are rebalanced and reconstituted semi-annually.

Grade (RS Rating)

Last Trade

$71.09

Average Daily Volume

379,655

Number of Holdings ^*

111

* may have additional holdings in another (foreign) market

Performance

Period	TMSL	XSMO
30 Days	1.39%	5.41%
60 Days	3.76%	7.91%
90 Days	6.69%	10.35%
12 Months	32.49%	41.08%

14 Overlapping Holdings

Symbol	Grade	Weight in TMSL	Weight in XSMO	Overlap
AWI	B	0.39%	2.3%	0.39%
COOP	B	0.47%	1.8%	0.47%
FBP	B	0.52%	0.85%	0.52%
GEO	A	0.32%	1.08%	0.32%
KFY	B	0.41%	0.92%	0.41%
LRN	A	0.41%	1.62%	0.41%
OFG	B	0.28%	0.43%	0.28%
PATK	D	0.56%	0.67%	0.56%
PHIN	B	0.37%	0.54%	0.37%
PLUS	F	0.16%	0.52%	0.16%
PRDO	B	0.2%	0.44%	0.2%
SHOO	D	0.29%	0.67%	0.29%
STEP	B	0.26%	1.24%	0.26%
VRRM	F	0.37%	0.89%	0.37%

TMSL Overweight 242 Positions Relative to XSMO

Symbol	Grade	Weight
SWK	F	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	C	1.13%
RNR	C	0.95%
DT	C	0.87%
REXR	F	0.84%
ESAB	C	0.81%
WBS	A	0.8%
LAMR	D	0.79%
RPM	B	0.77%
SSNC	C	0.75%
GDDY	A	0.75%
HII	F	0.75%
DOCU	B	0.71%
VOYA	B	0.67%
LDOS	C	0.65%
BFAM	F	0.65%
GEN	B	0.64%
RL	C	0.63%
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	B	0.59%
NI	A	0.59%
VNO	C	0.58%
CRBG	B	0.58%
ZBRA	B	0.57%
SAIA	C	0.56%
HBAN	B	0.56%
SITE	D	0.55%
EME	A	0.54%
OPCH	F	0.54%
STLD	B	0.54%
CF	A	0.53%
BURL	A	0.53%
ENTG	F	0.52%
XPRO	F	0.52%
STNG	D	0.52%
RGA	B	0.51%
MNDY	D	0.51%
WYNN	D	0.51%
MWA	B	0.51%
WING	D	0.5%
CVNA	A	0.5%
SUM	B	0.5%
AGCO	F	0.5%
VTRS	A	0.5%
CW	B	0.49%
IOT	A	0.49%
CLH	C	0.48%
APG	C	0.48%
EWBC	A	0.48%
WSC	F	0.48%
DUOL	A	0.47%
ST	F	0.46%
BLX	B	0.46%
EQH	B	0.46%
EXAS	D	0.45%
TYL	B	0.45%
TTC	F	0.45%
EHC	B	0.45%
OMF	A	0.45%
MIDD	D	0.44%
MORN	B	0.44%
TOST	A	0.43%
BRX	A	0.43%
HUBB	B	0.43%
RRC	B	0.43%
JBL	C	0.42%
TKR	F	0.42%
PLNT	A	0.41%
FMC	D	0.41%
NVR	D	0.41%
HOLX	D	0.4%
TNL	B	0.4%
EG	D	0.4%
VFC	C	0.39%
AEE	A	0.39%
FND	F	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%
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	C	0.33%
STGW	B	0.33%
FLO	D	0.33%
ULTA	F	0.33%
DRH	B	0.32%
BPMC	C	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	D	0.31%
MANH	D	0.3%
MOH	F	0.3%
LPX	B	0.3%
OC	A	0.3%
POR	C	0.3%
HWM	A	0.29%
EVRI	A	0.29%
NBIX	C	0.29%
BERY	D	0.28%
TECH	F	0.28%
ASGN	F	0.28%
LSTR	D	0.28%
ARMK	C	0.28%
BJ	B	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	B	0.26%
CASY	A	0.26%
CPA	A	0.26%
VNT	C	0.26%
KRC	C	0.26%
ELF	C	0.26%
ELAN	D	0.26%
PFGC	B	0.25%
PLAB	D	0.25%
HST	D	0.25%
KYMR	C	0.25%
SCI	A	0.25%
CHDN	C	0.25%
NTRA	A	0.25%
BLDR	D	0.25%
VRTS	B	0.25%
AZEK	B	0.24%
PCTY	B	0.24%
MTX	C	0.24%
MCB	B	0.24%
GLOB	C	0.24%
RVMD	B	0.24%
BLBD	F	0.24%
BOX	B	0.24%
CBOE	C	0.23%
CRNX	C	0.23%
BLD	F	0.23%
OIS	C	0.23%
RDDT	A	0.23%
EEFT	C	0.23%
CTLT	D	0.23%
TREX	D	0.23%
WFRD	F	0.22%
UFPI	C	0.22%
TDW	F	0.22%
CELH	F	0.22%
CRL	D	0.22%
ESS	A	0.22%
ALV	C	0.22%
ALKS	C	0.21%
EPR	D	0.21%
ONON	B	0.21%
LSCC	D	0.21%
VRNT	D	0.21%
BRZE	C	0.21%
RGEN	F	0.21%
WFG	C	0.21%
LPRO	C	0.21%
PK	D	0.2%
SWN	C	0.2%
KEX	B	0.2%
THG	A	0.2%
TXRH	B	0.2%
EVRG	A	0.2%
CWEN	C	0.2%
NWE	C	0.19%
OLLI	D	0.19%
HAFC	B	0.19%
NFG	A	0.19%
BGNE	D	0.18%
AHH	D	0.18%
LUV	B	0.18%
LEGN	F	0.18%
RARE	F	0.18%
PBH	A	0.17%
ENS	D	0.17%
TW	A	0.17%
WDC	F	0.17%
AVNT	B	0.16%
BFS	C	0.16%
AVY	D	0.16%
REPL	C	0.16%
SRPT	F	0.16%
BWXT	A	0.16%
VERA	C	0.16%
FIX	A	0.16%
GMRE	F	0.15%
HIG	B	0.15%
XRAY	D	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	D	0.13%
ACM	B	0.12%
XNCR	B	0.12%
ASND	F	0.12%
NTLA	F	0.11%
MDGL	C	0.11%
ACAD	C	0.11%
CLDX	F	0.11%
IONS	F	0.11%
AKRO	C	0.11%
IDYA	F	0.1%
ANET	C	0.1%
APPF	C	0.08%
RCKT	F	0.08%
BXC	B	0.08%
PRTA	F	0.07%
SRRK	B	0.06%
PLRX	D	0.06%
SWTX	C	0.04%

TMSL Underweight 97 Positions Relative to XSMO

Symbol	Grade	Weight
MLI	B	-3.61%
CRS	A	-3.51%
JXN	C	-3.09%
MOG.A	B	-2.4%
PIPR	B	-2.15%
ACIW	B	-1.97%
DY	C	-1.71%
FSS	B	-1.67%
RDNT	B	-1.41%
AVAV	C	-1.38%
GKOS	A	-1.37%
SKYW	B	-1.33%
AROC	A	-1.32%
IBP	F	-1.32%
EAT	A	-1.31%
BGC	C	-1.3%
PJT	B	-1.28%
RDN	D	-1.24%
GVA	A	-1.2%
KTB	A	-1.19%
NSIT	F	-1.18%
SLG	B	-1.17%
CTRE	C	-1.16%
MATX	B	-1.16%
BCPC	B	-1.14%
MC	B	-1.11%
HNI	B	-1.05%
AGO	A	-1.05%
EPRT	A	-1.05%
GPI	B	-1.01%
CALM	A	-1.01%
BCC	C	-1.0%
MHO	D	-0.98%
HWKN	B	-0.97%
IDCC	B	-0.91%
GTES	A	-0.89%
ATGE	B	-0.87%
ABCB	B	-0.87%
GFF	B	-0.86%
POWL	C	-0.82%
AZZ	A	-0.82%
IIPR	F	-0.81%
NMIH	D	-0.81%
AX	B	-0.81%
FULT	B	-0.78%
PRK	B	-0.77%
BRC	C	-0.77%
TPH	D	-0.73%
CRVL	A	-0.73%
AEO	F	-0.7%
SKT	A	-0.67%
VIRT	A	-0.66%
HCC	B	-0.66%
TDS	B	-0.65%
NHC	B	-0.64%
MCY	B	-0.62%
AKR	A	-0.61%
EPAC	B	-0.6%
PTGX	D	-0.59%
ENVA	B	-0.57%
SLVM	C	-0.56%
LBRT	F	-0.55%
PLMR	A	-0.53%
SNEX	B	-0.52%
BHE	B	-0.5%
AMR	C	-0.5%
STC	B	-0.5%
UFPT	C	-0.45%
LGND	C	-0.45%
WT	A	-0.45%
STRA	C	-0.44%
TRMK	B	-0.43%
CXW	B	-0.41%
APOG	B	-0.39%
TILE	B	-0.39%
DFIN	D	-0.36%
SPNT	A	-0.36%
TNC	F	-0.34%
QNST	C	-0.34%
STBA	B	-0.34%
MLKN	F	-0.32%
SCSC	B	-0.32%
KLG	D	-0.31%
VECO	F	-0.29%
CUBI	C	-0.29%
EIG	B	-0.27%
INVA	C	-0.26%
COLL	F	-0.24%
CNXN	D	-0.22%
CPF	B	-0.21%
AORT	B	-0.2%
HSII	B	-0.18%
HCI	C	-0.18%
LPG	F	-0.18%
WSR	A	-0.14%
HSTM	A	-0.14%
SCVL	F	-0.14%