TVAL vs. FYEE ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF (TVAL) to Fidelity Yield Enhanced Equity ETF (FYEE)

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

$32.49

Average Daily Volume

11,689

Number of Holdings ^*

143

* may have additional holdings in another (foreign) market

FYEE

Fidelity Yield Enhanced Equity ETF

FYEE Description

FYEE is actively managed, investing in equities similar to the S&P 500 and Russell 1000. The fund sells call options for income generation, emphasizing current income and potential capital growth.

Grade (RS Rating)

Last Trade

$27.16

Average Daily Volume

2,301

Number of Holdings ^*

153

* may have additional holdings in another (foreign) market

Performance

Period	TVAL	FYEE
30 Days	-0.12%	1.62%
60 Days	2.65%	4.49%
90 Days	4.84%	6.45%
12 Months	27.28%

51 Overlapping Holdings

Symbol	Grade	Weight in TVAL	Weight in FYEE	Overlap
ABBV	F	0.36%	0.94%	0.36%
AMAT	F	0.38%	0.73%	0.38%
AME	A	0.31%	0.09%	0.09%
AXP	B	0.26%	0.44%	0.26%
BAC	A	1.89%	1.15%	1.15%
BDX	F	1.01%	0.6%	0.6%
C	B	0.81%	0.71%	0.71%
CAT	C	0.3%	0.54%	0.3%
CI	D	0.87%	0.66%	0.66%
CL	D	0.84%	0.52%	0.52%
CMCSA	B	0.46%	0.86%	0.46%
CME	A	0.23%	0.43%	0.23%
CSX	C	0.49%	0.59%	0.49%
CVS	F	0.23%	0.22%	0.22%
CVX	A	0.73%	0.02%	0.02%
DIS	B	0.2%	0.35%	0.2%
EOG	A	0.82%	0.29%	0.29%
GE	D	1.21%	0.49%	0.49%
GOOG	B	0.95%	1.94%	0.95%
HD	A	0.63%	1.29%	0.63%
HWM	A	0.48%	0.42%	0.42%
JNJ	D	1.82%	0.71%	0.71%
JPM	A	1.23%	1.88%	1.23%
LHX	B	1.36%	0.22%	0.22%
LLY	F	1.19%	0.86%	0.86%
META	C	0.87%	3.01%	0.87%
MGM	D	0.24%	0.23%	0.23%
MMC	D	0.67%	0.52%	0.52%
MRK	F	0.8%	0.77%	0.77%
MSFT	D	0.65%	5.71%	0.65%
MSI	B	0.34%	0.43%	0.34%
MU	D	0.45%	0.7%	0.45%
NEE	C	0.59%	0.8%	0.59%
NSC	B	0.74%	0.09%	0.09%
PG	C	0.72%	0.78%	0.72%
PGR	B	0.48%	0.69%	0.48%
PM	A	1.41%	0.88%	0.88%
PSA	C	0.44%	0.17%	0.17%
QCOM	F	1.08%	0.84%	0.84%
RSG	A	0.62%	0.23%	0.23%
SCHW	A	0.89%	0.75%	0.75%
SPGI	D	0.26%	0.39%	0.26%
TJX	A	0.29%	0.72%	0.29%
TMO	F	1.12%	0.41%	0.41%
TMUS	B	0.88%	0.09%	0.09%
TT	A	0.31%	0.68%	0.31%
UNH	C	1.9%	0.61%	0.61%
UNP	D	0.42%	0.75%	0.42%
VZ	C	0.58%	0.24%	0.24%
WMT	A	1.89%	0.82%	0.82%
XOM	B	2.56%	1.55%	1.55%

TVAL Overweight 92 Positions Relative to FYEE

Symbol	Grade	Weight
CB	C	2.23%
HIG	B	1.96%
ELV	F	1.81%
WFC	A	1.77%
SO	C	1.67%
FI	A	1.53%
KVUE	A	1.49%
COP	B	1.25%
AVB	B	1.22%
SWK	F	1.1%
CMI	A	1.09%
EQH	B	1.0%
WY	D	0.88%
AIG	C	0.87%
ZBH	C	0.85%
MCK	A	0.8%
FITB	B	0.77%
NWSA	B	0.75%
VST	A	0.74%
LIN	D	0.73%
KO	D	0.72%
TXN	C	0.7%
HUBB	B	0.7%
ACN	C	0.7%
GEV	A	0.7%
TTE	F	0.7%
HON	B	0.68%
SRE	A	0.68%
KMB	C	0.66%
AEE	A	0.65%
DHR	D	0.65%
IP	A	0.64%
WDC	F	0.6%
USB	B	0.56%
BA	D	0.56%
MS	A	0.56%
D	C	0.55%
AZO	C	0.52%
RPM	B	0.52%
ROK	B	0.52%
CF	A	0.52%
BAX	F	0.5%
REXR	F	0.48%
AZN	F	0.47%
MAR	B	0.47%
WMB	A	0.46%
EQT	A	0.46%
MCD	D	0.46%
APO	A	0.46%
TDG	D	0.46%
HBAN	B	0.45%
ARES	A	0.45%
HCA	F	0.45%
FANG	D	0.43%
MDLZ	F	0.43%
REGN	F	0.42%
CPAY	A	0.42%
LEN	D	0.42%
LVS	B	0.41%
LAMR	D	0.4%
KDP	D	0.4%
CAG	F	0.4%
TSM	B	0.39%
ALL	A	0.39%
YUM	D	0.36%
BKR	B	0.35%
KEYS	C	0.35%
ADI	D	0.35%
PLD	D	0.34%
EFX	F	0.33%
A	F	0.33%
COF	B	0.33%
STLD	B	0.32%
UAL	A	0.31%
OTIS	C	0.3%
VRTX	D	0.29%
ROP	C	0.29%
MOH	F	0.28%
UPS	C	0.28%
CARR	D	0.27%
MCHP	F	0.27%
CDW	F	0.25%
ZTS	D	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 102 Positions Relative to FYEE

Symbol	Grade	Weight
NVDA	A	-7.7%
AAPL	C	-7.16%
AMZN	B	-3.93%
BRK.A	B	-2.15%
GOOGL	B	-2.09%
AVGO	C	-1.92%
MA	B	-1.36%
NFLX	A	-1.25%
CRM	B	-1.23%
TSLA	A	-1.19%
ADBE	D	-0.97%
CSCO	B	-0.81%
GILD	C	-0.79%
BMY	A	-0.79%
LMT	D	-0.74%
PYPL	B	-0.73%
T	A	-0.68%
CTAS	B	-0.67%
KLAC	F	-0.65%
ECL	D	-0.64%
V	A	-0.64%
NOC	D	-0.64%
ABT	A	-0.62%
SQ	A	-0.61%
ZM	B	-0.59%
DBX	C	-0.55%
EXEL	B	-0.55%
SEIC	B	-0.55%
ZBRA	B	-0.54%
CVNA	A	-0.53%
TXT	D	-0.52%
DVN	F	-0.51%
NOW	B	-0.5%
CAH	B	-0.49%
CMG	C	-0.49%
IGT	F	-0.49%
ANF	C	-0.43%
SPG	A	-0.43%
PFE	F	-0.43%
WM	B	-0.43%
GRMN	B	-0.41%
PCAR	C	-0.39%
SSNC	C	-0.38%
LDOS	C	-0.38%
NUE	D	-0.37%
TDC	D	-0.35%
INCY	C	-0.35%
PPG	F	-0.34%
MEDP	D	-0.33%
SKYW	B	-0.32%
F	C	-0.32%
UBER	F	-0.32%
COST	A	-0.31%
TROW	B	-0.28%
RTX	D	-0.28%
LRCX	F	-0.26%
AMGN	D	-0.26%
MSCI	B	-0.26%
ADP	B	-0.26%
TRV	A	-0.25%
SYK	A	-0.24%
BIIB	F	-0.23%
GAP	D	-0.22%
CACI	C	-0.21%
ALRM	C	-0.2%
AMT	D	-0.2%
PEP	F	-0.19%
MMM	D	-0.19%
TPH	D	-0.18%
LNW	F	-0.17%
CRUS	F	-0.16%
ETN	B	-0.16%
BBWI	C	-0.16%
ITW	B	-0.15%
ALLE	D	-0.15%
GEN	B	-0.14%
OXY	F	-0.14%
UNM	A	-0.13%
GL	C	-0.13%
AON	B	-0.13%
CLX	A	-0.13%
LPLA	A	-0.12%
PLTK	B	-0.12%
KR	B	-0.12%
BK	B	-0.12%
WTW	B	-0.11%
DASH	A	-0.11%
ED	C	-0.1%
DOCU	B	-0.1%
IDXX	F	-0.1%
LYFT	C	-0.09%
NRG	B	-0.09%
TWLO	A	-0.09%
CINF	A	-0.07%
ANET	C	-0.07%
NBIX	C	-0.07%
UTHR	C	-0.06%
QRVO	F	-0.06%
VEEV	C	-0.05%
ORCL	A	-0.04%
TNL	B	-0.04%
TOL	B	-0.02%