TVAL vs. GNR ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF (TVAL) to SPDR S&P Global Natural Resources ETF (GNR)

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

GNR

SPDR S&P Global Natural Resources ETF

GNR Description

The investment seeks investment results that, before fees and expenses, correspond generally to the total return performance of an index. The fund employs a replication strategy in seeking to track the performance of the S&P Global Natural Resources Index. It typically invests in substantially all of the securities represented in the index in approximately the same proportions as the index. The index is comprised of 90 of the largest U.S. and foreign publicly traded companies, based on market capitalization, in natural resources and commodities businesses that meet certain investability requirements.

Grade (RS Rating)

Last Trade

$54.46

Average Daily Volume

296,285

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TVAL	GNR
30 Days	-0.12%	-4.05%
60 Days	2.65%	-2.61%
90 Days	4.84%	-2.82%
12 Months	27.28%	1.29%

12 Overlapping Holdings

Symbol	Grade	Weight in TVAL	Weight in GNR	Overlap
AVY	D	0.19%	0.84%	0.19%
BKR	B	0.35%	0.42%	0.35%
CF	A	0.52%	0.82%	0.52%
COP	B	1.25%	1.29%	1.25%
CVX	A	0.73%	2.71%	0.73%
EOG	A	0.82%	0.76%	0.76%
FANG	D	0.43%	0.32%	0.32%
HAL	C	0.22%	0.26%	0.22%
IP	A	0.64%	1.03%	0.64%
STLD	B	0.32%	0.88%	0.32%
WY	D	0.88%	1.17%	0.88%
XOM	B	2.56%	5.29%	2.56%

TVAL Overweight 131 Positions Relative to GNR

Symbol	Grade	Weight
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	C	1.67%
FI	A	1.53%
KVUE	A	1.49%
PM	A	1.41%
LHX	B	1.36%
JPM	A	1.23%
AVB	B	1.22%
GE	D	1.21%
LLY	F	1.19%
TMO	F	1.12%
SWK	F	1.1%
CMI	A	1.09%
QCOM	F	1.08%
BDX	F	1.01%
EQH	B	1.0%
GOOG	B	0.95%
SCHW	A	0.89%
TMUS	B	0.88%
META	C	0.87%
AIG	C	0.87%
CI	D	0.87%
ZBH	C	0.85%
CL	D	0.84%
C	B	0.81%
MCK	A	0.8%
MRK	F	0.8%
FITB	B	0.77%
NWSA	B	0.75%
VST	A	0.74%
NSC	B	0.74%
LIN	D	0.73%
KO	D	0.72%
PG	C	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%
MMC	D	0.67%
KMB	C	0.66%
MSFT	D	0.65%
AEE	A	0.65%
DHR	D	0.65%
HD	A	0.63%
RSG	A	0.62%
WDC	F	0.6%
NEE	C	0.59%
VZ	C	0.58%
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%
BAX	F	0.5%
CSX	C	0.49%
HWM	A	0.48%
REXR	F	0.48%
PGR	B	0.48%
AZN	F	0.47%
MAR	B	0.47%
WMB	A	0.46%
CMCSA	B	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%
MU	D	0.45%
HCA	F	0.45%
PSA	C	0.44%
MDLZ	F	0.43%
REGN	F	0.42%
UNP	D	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%
AMAT	F	0.38%
ABBV	F	0.36%
YUM	D	0.36%
KEYS	C	0.35%
ADI	D	0.35%
PLD	D	0.34%
MSI	B	0.34%
EFX	F	0.33%
A	F	0.33%
COF	B	0.33%
UAL	A	0.31%
TT	A	0.31%
AME	A	0.31%
OTIS	C	0.3%
CAT	C	0.3%
VRTX	D	0.29%
ROP	C	0.29%
TJX	A	0.29%
MOH	F	0.28%
UPS	C	0.28%
CARR	D	0.27%
MCHP	F	0.27%
AXP	B	0.26%
SPGI	D	0.26%
CDW	F	0.25%
MGM	D	0.24%
ZTS	D	0.23%
CVS	F	0.23%
CME	A	0.23%
VMC	B	0.22%
AMD	F	0.22%
MET	A	0.22%
BHP	F	0.2%
DIS	B	0.2%
SNY	F	0.19%
DTE	C	0.17%
EQIX	A	0.16%

TVAL Underweight 37 Positions Relative to GNR

Symbol	Grade	Weight
FCX	F	-2.68%
CTVA	C	-2.09%
NEM	D	-1.94%
VALE	F	-1.54%
NUE	D	-1.51%
SUZ	B	-1.44%
SW	A	-1.37%
ADM	D	-1.36%
PKG	B	-1.1%
WFG	C	-1.0%
E	F	-0.78%
RS	B	-0.77%
AMCR	D	-0.77%
PKX	F	-0.67%
BG	D	-0.65%
SLB	C	-0.61%
PBR	D	-0.58%
PSX	C	-0.54%
MPC	D	-0.54%
GFI	D	-0.53%
INGR	B	-0.51%
MT	B	-0.49%
VLO	C	-0.45%
GPK	D	-0.45%
MOS	D	-0.44%
HES	B	-0.39%
SCCO	F	-0.38%
LPX	B	-0.37%
FMC	D	-0.36%
DAR	B	-0.34%
OXY	F	-0.33%
SEE	D	-0.27%
GOLD	C	-0.26%
DVN	F	-0.24%
CTRA	B	-0.18%
SMG	C	-0.16%
EC	D	-0.04%