TVAL vs. FCPI ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF (TVAL) to Fidelity Stocks for Inflation ETF (FCPI)

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

FCPI

Fidelity Stocks for Inflation ETF

FCPI Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Stocks for Inflation Factor Index℠. The fund normally invests at least 80% of its assets in securities included in the Fidelity Stocks for Inflation Factor Index℠, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with attractive valuations, high quality profiles and positive momentum signals, emphasizing industries that tend to outperform in inflationary environments.

Grade (RS Rating)

Last Trade

$46.12

Average Daily Volume

22,278

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	TVAL	FCPI
30 Days	2.98%	5.93%
60 Days	4.22%	6.96%
90 Days	5.88%	8.65%
12 Months	29.14%	39.44%

27 Overlapping Holdings

Symbol	Grade	Weight in TVAL	Weight in FCPI	Overlap
ABBV	D	0.36%	1.45%	0.36%
AMAT	F	0.38%	0.38%	0.38%
C	A	0.81%	0.7%	0.7%
CAT	B	0.3%	0.63%	0.3%
CF	B	0.52%	2.69%	0.52%
CI	F	0.87%	1.18%	0.87%
CL	D	0.84%	1.45%	0.84%
CMCSA	B	0.46%	0.16%	0.16%
COF	B	0.33%	0.72%	0.33%
DIS	B	0.2%	0.19%	0.19%
ELV	F	1.81%	0.94%	0.94%
HCA	F	0.45%	1.07%	0.45%
HIG	B	1.96%	0.59%	0.59%
KMB	D	0.66%	1.47%	0.66%
LLY	F	1.19%	2.02%	1.19%
MCK	B	0.8%	1.17%	0.8%
META	D	0.87%	0.96%	0.87%
MSFT	F	0.65%	4.79%	0.65%
MU	D	0.45%	0.35%	0.35%
PG	A	0.72%	2.18%	0.72%
PGR	A	0.48%	0.78%	0.48%
QCOM	F	1.08%	0.44%	0.44%
REGN	F	0.42%	0.85%	0.42%
STLD	B	0.32%	2.59%	0.32%
TMUS	B	0.88%	0.13%	0.13%
VST	B	0.74%	4.0%	0.74%
VZ	C	0.58%	0.16%	0.16%

TVAL Overweight 117 Positions Relative to FCPI

Symbol	Grade	Weight
XOM	B	2.56%
CB	C	2.23%
UNH	C	1.9%
WMT	A	1.89%
BAC	A	1.89%
JNJ	D	1.82%
WFC	A	1.77%
SO	D	1.67%
FI	A	1.53%
KVUE	A	1.49%
PM	B	1.41%
LHX	C	1.36%
COP	C	1.25%
JPM	A	1.23%
AVB	B	1.22%
GE	D	1.21%
TMO	F	1.12%
SWK	D	1.1%
CMI	A	1.09%
BDX	F	1.01%
EQH	B	1.0%
GOOG	C	0.95%
SCHW	B	0.89%
WY	D	0.88%
AIG	B	0.87%
ZBH	C	0.85%
EOG	A	0.82%
MRK	F	0.8%
FITB	A	0.77%
NWSA	B	0.75%
NSC	B	0.74%
CVX	A	0.73%
LIN	D	0.73%
KO	D	0.72%
TXN	C	0.7%
HUBB	B	0.7%
ACN	C	0.7%
GEV	B	0.7%
TTE	F	0.7%
HON	B	0.68%
SRE	A	0.68%
MMC	B	0.67%
AEE	A	0.65%
DHR	F	0.65%
IP	B	0.64%
HD	A	0.63%
RSG	A	0.62%
WDC	D	0.6%
NEE	D	0.59%
USB	A	0.56%
BA	F	0.56%
MS	A	0.56%
D	C	0.55%
AZO	C	0.52%
RPM	A	0.52%
ROK	B	0.52%
BAX	D	0.5%
CSX	B	0.49%
HWM	A	0.48%
REXR	F	0.48%
AZN	D	0.47%
MAR	B	0.47%
WMB	A	0.46%
EQT	B	0.46%
MCD	D	0.46%
APO	B	0.46%
TDG	D	0.46%
HBAN	A	0.45%
ARES	A	0.45%
PSA	D	0.44%
BLK	C	0.43%
FANG	D	0.43%
MDLZ	F	0.43%
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%
ADI	D	0.35%
PLD	D	0.34%
MSI	B	0.34%
EFX	F	0.33%
A	D	0.33%
UAL	A	0.31%
TT	A	0.31%
AME	A	0.31%
OTIS	C	0.3%
VRTX	F	0.29%
ROP	B	0.29%
TJX	A	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%
AMD	F	0.22%
MET	A	0.22%
BHP	F	0.2%
AVY	D	0.19%
SNY	F	0.19%
DTE	C	0.17%
EQIX	A	0.16%

TVAL Underweight 74 Positions Relative to FCPI

Symbol	Grade	Weight
NVDA	C	-5.6%
AAPL	C	-5.11%
TPL	A	-3.42%
NRG	B	-2.51%
NUE	C	-2.2%
AM	A	-2.11%
BRBR	A	-2.07%
SPG	B	-2.02%
AMZN	C	-1.95%
MPC	D	-1.86%
VLO	C	-1.81%
MO	A	-1.75%
VICI	C	-1.73%
HST	C	-1.71%
GOOGL	C	-1.45%
COKE	C	-1.42%
AVGO	D	-1.27%
UTHR	C	-1.19%
V	A	-1.13%
THC	D	-1.09%
RPRX	D	-0.98%
UHS	D	-0.97%
APP	B	-0.92%
MEDP	D	-0.89%
AMP	A	-0.75%
SYF	B	-0.7%
DFS	B	-0.69%
FIX	A	-0.61%
RNR	C	-0.6%
JXN	C	-0.6%
EME	C	-0.6%
CRBG	B	-0.57%
MLI	C	-0.55%
RGA	A	-0.54%
BKNG	A	-0.52%
MTG	C	-0.52%
IBM	C	-0.51%
LDOS	C	-0.48%
CSL	C	-0.46%
OC	A	-0.45%
BCC	B	-0.43%
PANW	C	-0.43%
CRWD	B	-0.42%
FICO	B	-0.37%
ANET	C	-0.36%
WSM	B	-0.35%
APH	A	-0.35%
NFLX	A	-0.33%
EBAY	D	-0.32%
ABNB	C	-0.32%
DOCU	A	-0.31%
TOL	B	-0.31%
LRCX	F	-0.3%
GDDY	A	-0.3%
ZM	B	-0.29%
DELL	C	-0.29%
PHM	D	-0.29%
KLAC	D	-0.28%
ANF	C	-0.27%
ATKR	C	-0.27%
HRB	D	-0.27%
NXPI	D	-0.26%
GEN	B	-0.25%
CVLT	B	-0.24%
ACIW	B	-0.24%
GAP	C	-0.24%
NTAP	C	-0.23%
DBX	B	-0.23%
QLYS	C	-0.21%
ONTO	D	-0.19%
CRUS	D	-0.17%
SWKS	F	-0.17%
T	A	-0.16%
PINS	D	-0.04%