TSPA vs. USMV ETF Comparison

Comparison of T. Rowe Price U.S. Equity Research ETF (TSPA) to iShares MSCI USA Minimum Volatility ETF (USMV)

TSPA

T. Rowe Price U.S. Equity Research ETF

TSPA Description

Blue Safari Group Acquisition Corp. intends to acquire assets and businesses through a merger, share exchange, share purchase, reorganization, or similar business combination. It focuses on pursuing opportunities in fintech, infotech, insurtech, and business services. The company was incorporated in 2021 and is based in Central, Hong Kong.

Grade (RS Rating)

Last Trade

$37.49

Average Daily Volume

116,042

Number of Holdings ^*

342

* may have additional holdings in another (foreign) market

USMV

iShares MSCI USA Minimum Volatility ETF

USMV Description

The investment seeks the investment results of an index composed of U.S. equities that, in the aggregate, have lower volatility characteristics relative to the broader U.S. equity market. The fund generally invests at least 90% of its assets in securities of the underlying index or in depositary receipts representing securities in the underlying index. The underlying index follows a rules-based methodology to determine weights for securities in the index that seeks to minimize total risk of the MSCI USA Index. Components primarily include consumer staples, healthcare and information technology companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$93.46

Average Daily Volume

1,630,912

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

Performance

Period	TSPA	USMV
30 Days	2.99%	1.70%
60 Days	4.57%	2.42%
90 Days	6.02%	4.02%
12 Months	33.63%	25.63%

117 Overlapping Holdings

Symbol	Grade	Weight in TSPA	Weight in USMV	Overlap
AAPL	C	7.37%	0.99%	0.99%
ABBV	D	0.62%	1.04%	0.62%
ABT	B	0.19%	0.09%	0.09%
ACN	C	0.65%	1.29%	0.65%
ADI	D	0.3%	0.23%	0.23%
AEE	A	0.19%	0.24%	0.19%
AMGN	D	0.44%	0.59%	0.44%
AMZN	C	3.66%	0.14%	0.14%
ANET	C	0.14%	0.29%	0.14%
APH	A	0.11%	1.44%	0.11%
ATO	A	0.14%	0.06%	0.06%
AVGO	D	1.69%	1.19%	1.19%
AZO	C	0.15%	0.98%	0.15%
BAH	F	0.03%	0.39%	0.03%
BDX	F	0.29%	0.56%	0.29%
BMY	B	0.13%	0.49%	0.13%
BR	A	0.03%	0.05%	0.03%
BRK.A	B	1.23%	1.55%	1.23%
CB	C	0.48%	1.47%	0.48%
CBOE	B	0.14%	0.85%	0.14%
CDNS	B	0.19%	0.18%	0.18%
CI	F	0.32%	0.21%	0.21%
CL	D	0.22%	0.41%	0.22%
CMCSA	B	0.42%	0.39%	0.39%
CMS	C	0.08%	0.19%	0.08%
COR	B	0.12%	0.67%	0.12%
CPB	D	0.02%	0.33%	0.02%
CRM	B	0.79%	0.05%	0.05%
CRWD	B	0.11%	0.19%	0.11%
CSCO	B	0.32%	1.47%	0.32%
CVS	D	0.04%	0.04%	0.04%
CVX	A	0.47%	0.34%	0.34%
D	C	0.05%	0.23%	0.05%
DGX	A	0.08%	0.11%	0.08%
DPZ	C	0.09%	0.19%	0.09%
DUK	C	0.04%	1.49%	0.04%
EA	A	0.07%	0.89%	0.07%
ELV	F	0.37%	0.52%	0.37%
EOG	A	0.2%	0.17%	0.17%
FANG	D	0.12%	0.55%	0.12%
FI	A	0.49%	0.69%	0.49%
FICO	B	0.11%	0.59%	0.11%
FSLR	F	0.0%	0.06%	0.0%
GD	F	0.03%	0.05%	0.03%
GEN	B	0.18%	0.35%	0.18%
GILD	C	0.14%	0.94%	0.14%
GIS	D	0.04%	0.66%	0.04%
GOOG	C	2.14%	0.16%	0.16%
HD	A	0.9%	0.3%	0.3%
HIG	B	0.28%	0.12%	0.12%
HOLX	D	0.12%	0.16%	0.12%
HON	B	0.32%	0.25%	0.25%
HUM	C	0.07%	0.4%	0.07%
IBM	C	0.23%	1.66%	0.23%
ICE	C	0.26%	0.28%	0.26%
IT	C	0.04%	0.35%	0.04%
JNJ	D	0.68%	1.18%	0.68%
K	A	0.02%	0.8%	0.02%
KDP	D	0.3%	0.59%	0.3%
KEYS	A	0.2%	0.55%	0.2%
KHC	F	0.02%	0.38%	0.02%
KMB	D	0.09%	0.21%	0.09%
KO	D	0.68%	0.1%	0.1%
LIN	D	0.7%	0.16%	0.16%
LLY	F	1.9%	1.25%	1.25%
LMT	D	0.06%	0.82%	0.06%
MA	C	0.89%	0.7%	0.7%
MCD	D	0.55%	1.25%	0.55%
MCK	B	0.18%	1.35%	0.18%
MDLZ	F	0.16%	0.44%	0.16%
MDT	D	0.1%	0.13%	0.1%
MMC	B	0.25%	1.11%	0.25%
MOH	F	0.11%	0.18%	0.11%
MPC	D	0.24%	0.54%	0.24%
MRK	F	0.55%	1.01%	0.55%
MSFT	F	6.73%	1.34%	1.34%
NOC	D	0.27%	1.43%	0.27%
NOW	A	0.06%	0.75%	0.06%
NVDA	C	6.08%	0.67%	0.67%
ORCL	B	0.53%	1.31%	0.53%
ORLY	B	0.17%	0.68%	0.17%
PEP	F	0.51%	1.01%	0.51%
PFE	D	0.22%	0.2%	0.2%
PG	A	0.78%	1.23%	0.78%
PGR	A	0.06%	1.67%	0.06%
PKG	A	0.1%	0.2%	0.1%
PSX	C	0.07%	0.06%	0.06%
REGN	F	0.31%	0.59%	0.31%
ROP	B	0.27%	1.3%	0.27%
RSG	A	0.03%	1.55%	0.03%
RTX	C	0.2%	0.09%	0.09%
SNPS	B	0.2%	0.18%	0.18%
SO	D	0.2%	1.35%	0.2%
T	A	0.06%	0.74%	0.06%
TDY	B	0.17%	0.57%	0.17%
TJX	A	0.2%	0.45%	0.2%
TMUS	B	0.76%	1.95%	0.76%
TRV	B	0.11%	1.15%	0.11%
TSN	B	0.03%	0.71%	0.03%
TW	A	0.13%	0.2%	0.13%
TXN	C	0.46%	1.39%	0.46%
UBER	D	0.44%	0.45%	0.44%
ULTA	F	0.02%	0.04%	0.02%
UNH	C	1.2%	1.34%	1.2%
V	A	1.1%	0.9%	0.9%
VLO	C	0.07%	0.05%	0.05%
VRSK	A	0.11%	0.42%	0.11%
VRTX	F	0.18%	0.69%	0.18%
VZ	C	0.07%	1.35%	0.07%
WCN	A	0.11%	1.56%	0.11%
WDAY	B	0.02%	0.43%	0.02%
WM	A	0.13%	1.44%	0.13%
WMB	A	0.07%	0.31%	0.07%
WMT	A	0.76%	1.78%	0.76%
XEL	A	0.23%	0.46%	0.23%
XOM	B	1.12%	0.45%	0.45%
YUM	B	0.02%	0.5%	0.02%

TSPA Overweight 225 Positions Relative to USMV

Symbol	Grade	Weight
META	D	2.67%
TSLA	B	1.59%
GOOGL	C	1.48%
JPM	A	1.16%
NFLX	A	0.8%
COST	B	0.8%
TMO	F	0.66%
BAC	A	0.61%
PM	B	0.56%
GE	D	0.56%
AMD	F	0.55%
QCOM	F	0.55%
NEE	D	0.51%
ADBE	C	0.49%
ISRG	A	0.48%
DHR	F	0.46%
KLAC	D	0.43%
COP	C	0.42%
C	A	0.42%
SYK	C	0.39%
AXP	A	0.37%
WFC	A	0.37%
FTNT	C	0.36%
INTU	C	0.36%
SCHW	B	0.35%
CSX	B	0.35%
PCG	A	0.33%
AMT	D	0.33%
SPGI	C	0.33%
SWK	D	0.32%
BKNG	A	0.31%
CMI	A	0.31%
LOW	D	0.3%
ALL	A	0.3%
KVUE	A	0.3%
GS	A	0.29%
CPAY	A	0.29%
ODFL	B	0.28%
PLD	D	0.28%
CEG	D	0.27%
CMG	B	0.27%
MET	A	0.26%
MS	A	0.26%
EQIX	A	0.26%
AIG	B	0.26%
GEV	B	0.25%
BA	F	0.24%
DE	A	0.24%
BSX	B	0.23%
NVR	D	0.23%
CARR	D	0.21%
NSC	B	0.21%
SHW	A	0.21%
WELL	A	0.21%
BLK	C	0.21%
ZBH	C	0.2%
CRBG	B	0.2%
DIS	B	0.2%
SLB	C	0.19%
LHX	C	0.19%
KKR	A	0.19%
ADSK	A	0.19%
FCX	D	0.19%
PSA	D	0.18%
HLT	A	0.18%
GPN	B	0.18%
RCL	A	0.18%
ROK	B	0.18%
MTD	D	0.17%
NVO	D	0.17%
TGT	F	0.17%
ROST	C	0.17%
VOYA	B	0.17%
SAIA	B	0.16%
MCO	B	0.16%
TDG	D	0.16%
HUBB	B	0.16%
HWM	A	0.16%
MRVL	B	0.16%
MAR	B	0.16%
BK	A	0.16%
RNR	C	0.16%
ZBRA	B	0.15%
FDX	B	0.15%
CAT	B	0.15%
THC	D	0.15%
TT	A	0.14%
FITB	A	0.14%
VMC	B	0.14%
LVS	C	0.14%
REXR	F	0.14%
ESS	B	0.13%
CPRT	A	0.13%
HBAN	A	0.13%
STLD	B	0.13%
DFS	B	0.13%
ENTG	D	0.12%
STZ	D	0.12%
ARES	A	0.12%
DXCM	D	0.11%
WYNN	D	0.11%
BURL	A	0.11%
LULU	C	0.11%
WFG	D	0.11%
ABNB	C	0.11%
BALL	D	0.11%
WDC	D	0.11%
IR	B	0.11%
CF	B	0.1%
CTAS	B	0.1%
PANW	C	0.1%
DOV	A	0.1%
KMI	A	0.1%
BIIB	F	0.1%
SBUX	A	0.1%
ETR	B	0.1%
ZTS	D	0.09%
JCI	C	0.09%
EFX	F	0.09%
HAL	C	0.09%
MPWR	F	0.09%
DG	F	0.09%
WING	D	0.08%
FE	C	0.08%
BX	A	0.08%
VST	B	0.08%
ICLR	D	0.08%
NKE	D	0.08%
FTV	C	0.08%
PNC	B	0.08%
USB	A	0.08%
EQH	B	0.08%
RGEN	D	0.08%
SITE	D	0.07%
AVB	B	0.07%
MNST	C	0.07%
CBRE	B	0.07%
IEX	B	0.07%
AZN	D	0.07%
APO	B	0.07%
EMR	A	0.07%
EXC	C	0.07%
SUI	D	0.07%
MO	A	0.06%
SPG	B	0.06%
EVRG	A	0.06%
MOS	F	0.06%
EW	C	0.06%
LPLA	A	0.06%
PSTG	D	0.06%
CNP	B	0.06%
EQT	B	0.06%
IDXX	F	0.06%
SPOT	B	0.06%
DT	C	0.06%
TRGP	B	0.06%
NCLH	B	0.05%
GM	B	0.05%
IP	B	0.05%
WAL	B	0.05%
KEY	B	0.05%
UAL	A	0.05%
KIM	A	0.05%
SHOP	B	0.05%
DAL	C	0.05%
AXS	A	0.05%
ESAB	B	0.05%
HCA	F	0.05%
HES	B	0.05%
BGNE	D	0.05%
VRT	B	0.05%
CUBE	D	0.04%
FDS	B	0.04%
ON	D	0.04%
CLX	B	0.04%
ZS	C	0.04%
SRE	A	0.04%
TPG	A	0.04%
REG	B	0.04%
CSGP	D	0.04%
BPOP	B	0.04%
AMH	D	0.04%
EL	F	0.04%
DVN	F	0.04%
SYY	B	0.04%
SNY	F	0.04%
IQV	D	0.03%
CAH	B	0.03%
MSCI	C	0.03%
LRCX	F	0.03%
TFC	A	0.03%
AMAT	F	0.02%
ST	F	0.02%
SBAC	D	0.02%
BBWI	D	0.02%
HII	D	0.02%
WY	D	0.02%
MCHP	D	0.02%
NI	A	0.02%
ELAN	D	0.02%
CNI	D	0.02%
NXPI	D	0.02%
RPM	A	0.02%
APTV	D	0.02%
EWBC	A	0.02%
AME	A	0.02%
PPL	B	0.02%
MU	D	0.02%
ALLY	C	0.02%
EXR	D	0.01%
EBAY	D	0.01%
LUV	C	0.01%
F	C	0.01%
INTC	D	0.01%
TER	D	0.01%
XYL	D	0.01%
LSCC	D	0.01%
RIVN	F	0.01%
CCI	D	0.01%
JBHT	C	0.01%
VTRS	A	0.01%
MRNA	F	0.0%
CPT	B	0.0%
CRL	C	0.0%
VLTO	D	0.0%

TSPA Underweight 53 Positions Relative to USMV

Symbol	Grade	Weight
MSI	B	-1.81%
AJG	B	-1.27%
ED	D	-1.13%
GDDY	A	-1.0%
FCNCA	A	-0.88%
WEC	A	-0.78%
CTSH	B	-0.76%
ACGL	D	-0.68%
VRSN	F	-0.64%
KR	B	-0.61%
FFIV	B	-0.55%
INCY	C	-0.53%
AON	A	-0.53%
CME	A	-0.53%
PTC	A	-0.52%
NEM	D	-0.46%
JNPR	F	-0.45%
EG	C	-0.43%
ERIE	D	-0.42%
CHD	B	-0.4%
AEP	D	-0.39%
AKAM	D	-0.39%
WTW	B	-0.38%
CTVA	C	-0.38%
ROL	B	-0.36%
AFG	A	-0.35%
CDW	F	-0.35%
MKL	A	-0.34%
GRMN	B	-0.33%
AIZ	A	-0.32%
NBIX	C	-0.32%
WRB	A	-0.31%
GLW	B	-0.31%
FWONK	B	-0.31%
HSY	F	-0.3%
L	A	-0.28%
HUBS	A	-0.24%
AZPN	A	-0.23%
ALNY	D	-0.22%
NTAP	C	-0.22%
BMRN	D	-0.22%
HRL	D	-0.21%
DTE	C	-0.2%
MELI	D	-0.18%
STX	D	-0.16%
UTHR	C	-0.14%
DELL	C	-0.12%
OXY	D	-0.12%
LNT	A	-0.1%
ADP	B	-0.09%
OTIS	C	-0.07%
TEL	B	-0.07%
KNX	B	-0.06%