TVAL vs. DUSL ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF (TVAL) to Direxion Daily Industrials Bull 3X Shares (DUSL)

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

DUSL

Direxion Daily Industrials Bull 3X Shares

DUSL Description

The investment seeks daily investment results, before fees and expenses, of 300% of the daily performance of the Industrials Select Sector Index. The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments that provide daily leveraged exposure to the index and/or exchange-traded funds ("ETFs") that track the index. The index is provided by S&P Dow Jones Indices and includes domestic companies from the industrials sector which includes the following industries: aerospace and defense: industry conglomerates; and machinery. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$73.48

Average Daily Volume

19,758

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TVAL	DUSL
30 Days	2.98%	11.52%
60 Days	4.22%	17.64%
90 Days	5.88%	29.22%
12 Months	29.14%	112.07%

23 Overlapping Holdings

Symbol	Grade	Weight in TVAL	Weight in DUSL	Overlap
AME	A	0.31%	0.68%	0.31%
BA	F	0.56%	1.52%	0.56%
CARR	D	0.27%	0.95%	0.27%
CAT	B	0.3%	2.83%	0.3%
CMI	A	1.09%	0.75%	0.75%
CSX	B	0.49%	1.04%	0.49%
EFX	F	0.33%	0.49%	0.33%
GE	D	1.21%	2.91%	1.21%
GEV	B	0.7%	1.35%	0.7%
HON	B	0.68%	2.26%	0.68%
HUBB	B	0.7%	0.36%	0.36%
HWM	A	0.48%	0.7%	0.48%
LHX	C	1.36%	0.71%	0.71%
NSC	B	0.74%	0.9%	0.74%
OTIS	C	0.3%	0.6%	0.3%
ROK	B	0.52%	0.49%	0.49%
RSG	A	0.62%	0.64%	0.62%
SWK	D	1.1%	0.2%	0.2%
TDG	D	0.46%	1.08%	0.46%
TT	A	0.31%	1.39%	0.31%
UAL	A	0.31%	0.45%	0.31%
UNP	C	0.42%	2.16%	0.42%
UPS	C	0.28%	1.46%	0.28%

TVAL Overweight 121 Positions Relative to DUSL

Symbol	Grade	Weight
XOM	B	2.56%
CB	C	2.23%
HIG	B	1.96%
UNH	C	1.9%
WMT	A	1.89%
BAC	A	1.89%
JNJ	D	1.82%
ELV	F	1.81%
WFC	A	1.77%
SO	D	1.67%
FI	A	1.53%
KVUE	A	1.49%
PM	B	1.41%
COP	C	1.25%
JPM	A	1.23%
AVB	B	1.22%
LLY	F	1.19%
TMO	F	1.12%
QCOM	F	1.08%
BDX	F	1.01%
EQH	B	1.0%
GOOG	C	0.95%
SCHW	B	0.89%
TMUS	B	0.88%
WY	D	0.88%
META	D	0.87%
AIG	B	0.87%
CI	F	0.87%
ZBH	C	0.85%
CL	D	0.84%
EOG	A	0.82%
C	A	0.81%
MCK	B	0.8%
MRK	F	0.8%
FITB	A	0.77%
NWSA	B	0.75%
VST	B	0.74%
CVX	A	0.73%
LIN	D	0.73%
KO	D	0.72%
PG	A	0.72%
TXN	C	0.7%
ACN	C	0.7%
TTE	F	0.7%
SRE	A	0.68%
MMC	B	0.67%
KMB	D	0.66%
MSFT	F	0.65%
AEE	A	0.65%
DHR	F	0.65%
IP	B	0.64%
HD	A	0.63%
WDC	D	0.6%
NEE	D	0.59%
VZ	C	0.58%
USB	A	0.56%
MS	A	0.56%
D	C	0.55%
AZO	C	0.52%
RPM	A	0.52%
CF	B	0.52%
BAX	D	0.5%
REXR	F	0.48%
PGR	A	0.48%
AZN	D	0.47%
MAR	B	0.47%
WMB	A	0.46%
CMCSA	B	0.46%
EQT	B	0.46%
MCD	D	0.46%
APO	B	0.46%
HBAN	A	0.45%
ARES	A	0.45%
MU	D	0.45%
HCA	F	0.45%
PSA	D	0.44%
BLK	C	0.43%
FANG	D	0.43%
MDLZ	F	0.43%
REGN	F	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%
AMAT	F	0.38%
ABBV	D	0.36%
YUM	B	0.36%
BKR	B	0.35%
KEYS	A	0.35%
ADI	D	0.35%
PLD	D	0.34%
MSI	B	0.34%
A	D	0.33%
COF	B	0.33%
STLD	B	0.32%
VRTX	F	0.29%
ROP	B	0.29%
TJX	A	0.29%
MOH	F	0.28%
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%
AMD	F	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 54 Positions Relative to DUSL

Symbol	Grade	Weight
RTX	C	-2.38%
UBER	D	-2.26%
ETN	A	-2.17%
ADP	B	-1.86%
LMT	D	-1.72%
DE	A	-1.52%
PH	A	-1.35%
WM	A	-1.22%
GD	F	-1.14%
CTAS	B	-1.12%
EMR	A	-1.11%
ITW	B	-1.1%
MMM	D	-1.09%
NOC	D	-1.04%
FDX	B	-0.99%
PCAR	B	-0.91%
JCI	C	-0.86%
URI	B	-0.85%
GWW	B	-0.79%
CPRT	A	-0.76%
PWR	A	-0.72%
FAST	B	-0.71%
PAYX	C	-0.7%
AXON	A	-0.65%
IR	B	-0.63%
DAL	C	-0.63%
ODFL	B	-0.63%
VRSK	A	-0.61%
WAB	B	-0.52%
XYL	D	-0.45%
DOV	A	-0.42%
FTV	C	-0.4%
BR	A	-0.4%
VLTO	D	-0.38%
LDOS	C	-0.34%
BLDR	D	-0.32%
LUV	C	-0.29%
SNA	A	-0.28%
J	F	-0.27%
EXPD	D	-0.26%
MAS	D	-0.26%
IEX	B	-0.26%
PNR	A	-0.26%
TXT	D	-0.24%
JBHT	C	-0.22%
NDSN	B	-0.21%
ROL	B	-0.21%
CHRW	C	-0.2%
ALLE	D	-0.19%
DAY	B	-0.18%
GNRC	B	-0.17%
PAYC	B	-0.16%
AOS	F	-0.13%
HII	D	-0.12%