TVAL vs. ADME ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF (TVAL) to Aptus Drawdown Managed Equity ETF (ADME)

TVAL

T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF

TVAL Description

The fund will invest primarily in U.S. equity securities. In taking a value approach to investment selection, the adviser seeks to identify companies that appear to be undervalued by various measures, and may be temporarily out of favor, but have good prospects for capital appreciation. Some of the principal measures used to identify such stocks are: price/earnings ratio, price/book value ratio, price/sales ratio, dividend yield, price/cash flow, undervalued assets, and restructuring opportunities. The fund may purchase the stocks of companies of any size, but typically focuses on larger companies.

Grade (RS Rating)

Last Trade

$33.11

Average Daily Volume

13,066

Number of Holdings ^*

144

* may have additional holdings in another (foreign) market

ADME

Aptus Drawdown Managed Equity ETF

ADME Description

The investment seeks capital appreciation with downside protection. The fund is an actively managed exchange-traded fund (ETF) that seeks to achieve its objective principally by investing in a portfolio of typically 40 to 50 U.S.-listed equity securities, while limiting downside risk by purchasing exchange-listed put options on one or more broad-based indexes or ETFs that track the performance of the U.S. equity market. Under normal circumstances, at least 80% of the fund's net assets (plus borrowings for investment purposes) will be invested in equity securities.

Grade (RS Rating)

Last Trade

$47.47

Average Daily Volume

34,161

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TVAL	ADME
30 Days	2.98%	2.15%
60 Days	4.22%	3.21%
90 Days	5.88%	4.52%
12 Months	29.14%	28.04%

40 Overlapping Holdings

Symbol	Grade	Weight in TVAL	Weight in ADME	Overlap
ABBV	D	0.36%	0.66%	0.36%
ACN	C	0.7%	1.11%	0.7%
ADI	D	0.35%	0.88%	0.35%
AMAT	F	0.38%	1.42%	0.38%
AMD	F	0.22%	0.47%	0.22%
BAC	A	1.89%	1.0%	1.0%
C	A	0.81%	0.62%	0.62%
CAT	B	0.3%	1.76%	0.3%
CMCSA	B	0.46%	0.39%	0.39%
CSX	B	0.49%	1.04%	0.49%
EOG	A	0.82%	0.47%	0.47%
FANG	D	0.43%	0.72%	0.43%
FI	A	1.53%	1.07%	1.07%
GOOG	C	0.95%	3.82%	0.95%
HCA	F	0.45%	0.48%	0.45%
HON	B	0.68%	0.9%	0.68%
JNJ	D	1.82%	1.01%	1.01%
JPM	A	1.23%	1.94%	1.23%
KO	D	0.72%	1.12%	0.72%
LIN	D	0.73%	1.31%	0.73%
LLY	F	1.19%	1.31%	1.19%
MAR	B	0.47%	1.11%	0.47%
MCD	D	0.46%	1.0%	0.46%
META	D	0.87%	2.51%	0.87%
MMC	B	0.67%	0.88%	0.67%
MS	A	0.56%	1.13%	0.56%
MSFT	F	0.65%	6.12%	0.65%
MSI	B	0.34%	0.9%	0.34%
NEE	D	0.59%	0.68%	0.59%
PG	A	0.72%	1.06%	0.72%
PGR	A	0.48%	1.65%	0.48%
PSA	D	0.44%	0.48%	0.44%
SO	D	1.67%	1.0%	1.0%
TJX	A	0.29%	0.85%	0.29%
TMO	F	1.12%	1.09%	1.09%
TMUS	B	0.88%	1.22%	0.88%
UNH	C	1.9%	1.3%	1.3%
VRTX	F	0.29%	0.5%	0.29%
WMT	A	1.89%	1.14%	1.14%
XOM	B	2.56%	1.8%	1.8%

TVAL Overweight 104 Positions Relative to ADME

Symbol	Grade	Weight
CB	C	2.23%
HIG	B	1.96%
ELV	F	1.81%
WFC	A	1.77%
KVUE	A	1.49%
PM	B	1.41%
LHX	C	1.36%
COP	C	1.25%
AVB	B	1.22%
GE	D	1.21%
SWK	D	1.1%
CMI	A	1.09%
QCOM	F	1.08%
BDX	F	1.01%
EQH	B	1.0%
SCHW	B	0.89%
WY	D	0.88%
AIG	B	0.87%
CI	F	0.87%
ZBH	C	0.85%
CL	D	0.84%
MCK	B	0.8%
MRK	F	0.8%
FITB	A	0.77%
NWSA	B	0.75%
VST	B	0.74%
NSC	B	0.74%
CVX	A	0.73%
TXN	C	0.7%
HUBB	B	0.7%
GEV	B	0.7%
TTE	F	0.7%
SRE	A	0.68%
KMB	D	0.66%
AEE	A	0.65%
DHR	F	0.65%
IP	B	0.64%
HD	A	0.63%
RSG	A	0.62%
WDC	D	0.6%
VZ	C	0.58%
USB	A	0.56%
BA	F	0.56%
D	C	0.55%
AZO	C	0.52%
RPM	A	0.52%
ROK	B	0.52%
CF	B	0.52%
BAX	D	0.5%
HWM	A	0.48%
REXR	F	0.48%
AZN	D	0.47%
WMB	A	0.46%
EQT	B	0.46%
APO	B	0.46%
TDG	D	0.46%
HBAN	A	0.45%
ARES	A	0.45%
MU	D	0.45%
BLK	C	0.43%
MDLZ	F	0.43%
REGN	F	0.42%
UNP	C	0.42%
CPAY	A	0.42%
LEN	D	0.42%
LVS	C	0.41%
LAMR	D	0.4%
KDP	D	0.4%
CAG	D	0.4%
TSM	B	0.39%
ALL	A	0.39%
YUM	B	0.36%
BKR	B	0.35%
KEYS	A	0.35%
PLD	D	0.34%
EFX	F	0.33%
A	D	0.33%
COF	B	0.33%
STLD	B	0.32%
UAL	A	0.31%
TT	A	0.31%
AME	A	0.31%
OTIS	C	0.3%
ROP	B	0.29%
MOH	F	0.28%
UPS	C	0.28%
CARR	D	0.27%
MCHP	D	0.27%
AXP	A	0.26%
SPGI	C	0.26%
CDW	F	0.25%
MGM	D	0.24%
ZTS	D	0.23%
CVS	D	0.23%
CME	A	0.23%
HAL	C	0.22%
VMC	B	0.22%
MET	A	0.22%
BHP	F	0.2%
DIS	B	0.2%
AVY	D	0.19%
SNY	F	0.19%
DTE	C	0.17%
EQIX	A	0.16%

TVAL Underweight 35 Positions Relative to ADME

Symbol	Grade	Weight
NVDA	C	-7.05%
AAPL	C	-6.71%
AMZN	C	-3.8%
AVGO	D	-2.09%
NOW	A	-2.07%
TSLA	B	-1.93%
V	A	-1.79%
SYK	C	-1.75%
BRK.A	B	-1.69%
LMT	D	-1.68%
LOW	D	-1.24%
NFLX	A	-1.18%
INTU	C	-1.07%
COST	B	-1.02%
ISRG	A	-1.02%
CTAS	B	-0.98%
PHM	D	-0.82%
AMT	D	-0.79%
ABT	B	-0.79%
BMY	B	-0.72%
DLR	B	-0.69%
ICE	C	-0.69%
MKC	D	-0.67%
ETN	A	-0.63%
DUK	C	-0.62%
TYL	B	-0.6%
MO	A	-0.58%
DE	A	-0.58%
ADBE	C	-0.46%
SHW	A	-0.44%
BR	A	-0.41%
AMGN	D	-0.4%
FCX	D	-0.36%
ADP	B	-0.32%
SLB	C	-0.25%