TVAL vs. HLAL ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF (TVAL) to Wahed FTSE USA Shariah ETF (HLAL)

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

$32.74

Average Daily Volume

9,984

Number of Holdings ^*

143

* may have additional holdings in another (foreign) market

HLAL

Wahed FTSE USA Shariah ETF

HLAL Description

The investment seeks to track the total return performance, before fees and expenses, of the FTSE USA Shariah Index. The index is composed of common stocks of large and mid-capitalization U.S. companies the characteristics of which meet the requirements of the Shariah and are consistent with Islamic principles as interpreted by subject-matter experts. Under normal circumstances, at least 80% of its total assets will be invested in the component securities of the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$52.77

Average Daily Volume

60,851

Number of Holdings ^*

198

* may have additional holdings in another (foreign) market

Performance

Period	TVAL	HLAL
30 Days	0.67%	0.94%
60 Days	4.87%	4.38%
90 Days	6.68%	4.61%
12 Months	29.50%	22.30%

51 Overlapping Holdings

Symbol	Grade	Weight in TVAL	Weight in HLAL	Overlap
A	F	0.33%	0.19%	0.19%
ADI	F	0.35%	0.52%	0.35%
AMAT	F	0.38%	0.7%	0.38%
AMD	F	0.22%	1.04%	0.22%
BDX	D	1.01%	0.31%	0.31%
BKR	B	0.35%	0.18%	0.18%
CARR	C	0.27%	0.28%	0.27%
CF	B	0.52%	0.07%	0.07%
CMI	A	1.09%	0.21%	0.21%
COP	C	1.25%	0.59%	0.59%
CVX	B	0.73%	1.22%	0.73%
DHR	F	0.65%	0.74%	0.65%
FANG	D	0.43%	0.16%	0.16%
GEV	B	0.7%	0.37%	0.37%
GOOG	B	0.95%	3.88%	0.95%
HAL	C	0.22%	0.12%	0.12%
HUBB	B	0.7%	0.11%	0.11%
IP	C	0.64%	0.07%	0.07%
JNJ	D	1.82%	1.76%	1.76%
KDP	D	0.4%	0.16%	0.16%
KO	F	0.72%	1.17%	0.72%
KVUE	B	1.49%	0.2%	0.2%
LEN	D	0.42%	0.01%	0.01%
LEN	D	0.42%	0.19%	0.19%
LIN	D	0.73%	1.01%	0.73%
MCK	A	0.8%	0.32%	0.32%
MDLZ	F	0.43%	0.42%	0.42%
META	B	0.87%	5.67%	0.87%
MRK	F	0.8%	1.19%	0.8%
MSFT	C	0.65%	14.03%	0.65%
MU	D	0.45%	0.52%	0.45%
NWSA	B	0.75%	0.05%	0.05%
PG	C	0.72%	1.8%	0.72%
PLD	D	0.34%	0.49%	0.34%
QCOM	F	1.08%	0.85%	0.85%
REGN	F	0.42%	0.4%	0.4%
ROK	B	0.52%	0.14%	0.14%
ROP	A	0.29%	0.27%	0.27%
STLD	B	0.32%	0.09%	0.09%
SWK	F	1.1%	0.07%	0.07%
TJX	B	0.29%	0.59%	0.29%
TMO	F	1.12%	0.97%	0.97%
TT	A	0.31%	0.4%	0.31%
TXN	C	0.7%	0.85%	0.7%
UAL	B	0.31%	0.03%	0.03%
UPS	C	0.28%	0.45%	0.28%
VMC	B	0.22%	0.16%	0.16%
WDC	D	0.6%	0.1%	0.1%
WY	F	0.88%	0.11%	0.11%
XOM	B	2.56%	2.46%	2.46%
ZBH	C	0.85%	0.1%	0.1%

TVAL Overweight 93 Positions Relative to HLAL

Symbol	Grade	Weight
CB	C	2.23%
HIG	C	1.96%
UNH	B	1.9%
WMT	A	1.89%
BAC	A	1.89%
ELV	F	1.81%
WFC	A	1.77%
SO	D	1.67%
FI	A	1.53%
PM	C	1.41%
LHX	A	1.36%
JPM	B	1.23%
AVB	A	1.22%
GE	C	1.21%
LLY	F	1.19%
EQH	B	1.0%
SCHW	A	0.89%
TMUS	A	0.88%
AIG	B	0.87%
CI	D	0.87%
CL	F	0.84%
EOG	A	0.82%
C	A	0.81%
FITB	A	0.77%
VST	B	0.74%
NSC	B	0.74%
ACN	C	0.7%
TTE	F	0.7%
HON	B	0.68%
SRE	A	0.68%
MMC	C	0.67%
KMB	F	0.66%
AEE	A	0.65%
HD	B	0.63%
RSG	A	0.62%
NEE	D	0.59%
VZ	C	0.58%
USB	A	0.56%
BA	F	0.56%
MS	A	0.56%
D	D	0.55%
AZO	C	0.52%
RPM	A	0.52%
BAX	F	0.5%
CSX	B	0.49%
HWM	A	0.48%
REXR	F	0.48%
PGR	A	0.48%
AZN	F	0.47%
MAR	A	0.47%
WMB	B	0.46%
CMCSA	B	0.46%
EQT	B	0.46%
MCD	C	0.46%
APO	B	0.46%
TDG	B	0.46%
HBAN	B	0.45%
ARES	B	0.45%
HCA	D	0.45%
PSA	C	0.44%
UNP	C	0.42%
CPAY	A	0.42%
LVS	C	0.41%
LAMR	D	0.4%
CAG	F	0.4%
TSM	C	0.39%
ALL	A	0.39%
ABBV	D	0.36%
YUM	B	0.36%
KEYS	C	0.35%
MSI	B	0.34%
EFX	D	0.33%
COF	B	0.33%
AME	A	0.31%
OTIS	C	0.3%
CAT	C	0.3%
VRTX	B	0.29%
MOH	F	0.28%
MCHP	F	0.27%
AXP	B	0.26%
SPGI	C	0.26%
CDW	F	0.25%
MGM	D	0.24%
ZTS	D	0.23%
CVS	F	0.23%
CME	A	0.23%
MET	C	0.22%
BHP	F	0.2%
DIS	B	0.2%
AVY	F	0.19%
SNY	F	0.19%
DTE	D	0.17%
EQIX	B	0.16%

TVAL Underweight 147 Positions Relative to HLAL

Symbol	Grade	Weight
AAPL	C	-14.91%
GOOGL	B	-4.6%
TSLA	B	-3.11%
CRM	B	-1.28%
CSCO	A	-1.04%
ADBE	C	-0.98%
ABT	C	-0.94%
NOW	A	-0.89%
ISRG	A	-0.83%
PFE	F	-0.73%
UBER	F	-0.68%
SYK	A	-0.62%
BSX	A	-0.58%
ADP	A	-0.55%
MDT	D	-0.53%
PANW	A	-0.52%
INTC	C	-0.45%
LRCX	F	-0.45%
NKE	F	-0.43%
KLAC	F	-0.41%
WELL	B	-0.38%
CDNS	B	-0.37%
SNPS	B	-0.37%
MRVL	B	-0.34%
CEG	D	-0.33%
CTAS	A	-0.33%
APD	B	-0.32%
MMM	C	-0.32%
EMR	A	-0.29%
ADSK	A	-0.29%
NXPI	F	-0.28%
FDX	B	-0.28%
SLB	C	-0.27%
NEM	F	-0.25%
PCAR	B	-0.25%
MPC	D	-0.24%
JCI	A	-0.23%
DHI	F	-0.23%
PSX	D	-0.23%
FAST	A	-0.21%
GWW	B	-0.21%
ROST	F	-0.21%
CTVA	C	-0.2%
PWR	B	-0.2%
ODFL	B	-0.19%
EA	A	-0.19%
VLO	D	-0.19%
IT	A	-0.18%
VRT	B	-0.18%
IR	A	-0.18%
GEHC	F	-0.18%
LULU	C	-0.18%
HES	C	-0.18%
COR	A	-0.18%
EW	D	-0.18%
GLW	C	-0.17%
OXY	D	-0.16%
IDXX	D	-0.16%
NUE	C	-0.16%
HPQ	B	-0.16%
DELL	B	-0.16%
RMD	C	-0.16%
MLM	B	-0.16%
WAB	A	-0.15%
DD	D	-0.15%
TSCO	C	-0.14%
PPG	F	-0.14%
XYL	D	-0.14%
ON	F	-0.14%
EBAY	C	-0.14%
AXON	B	-0.14%
GRMN	A	-0.14%
CAH	A	-0.13%
TTWO	A	-0.13%
ANSS	B	-0.13%
DOW	F	-0.13%
FTV	D	-0.12%
CHD	B	-0.12%
BIIB	F	-0.12%
VLTO	C	-0.12%
TYL	B	-0.12%
IFF	F	-0.12%
DOV	A	-0.12%
ADM	F	-0.12%
PHM	D	-0.12%
WST	B	-0.11%
NTAP	D	-0.11%
ILMN	C	-0.11%
DVN	F	-0.11%
ATO	A	-0.1%
BLDR	D	-0.1%
LYB	F	-0.1%
PTC	B	-0.1%
STE	F	-0.1%
FSLR	F	-0.1%
LH	A	-0.09%
HOLX	D	-0.09%
ZBRA	A	-0.09%
ARE	F	-0.09%
MKC	D	-0.09%
OMC	B	-0.09%
PKG	B	-0.09%
TER	F	-0.08%
PNR	A	-0.08%
IEX	B	-0.08%
PODD	B	-0.08%
EXPD	D	-0.08%
DGX	A	-0.08%
SNA	A	-0.08%
ICLR	F	-0.08%
ULTA	C	-0.08%
JBHT	B	-0.07%
TRMB	B	-0.07%
AKAM	F	-0.07%
APTV	D	-0.07%
EL	F	-0.07%
RVTY	C	-0.07%
MRO	B	-0.07%
BURL	C	-0.07%
ALGN	F	-0.07%
GPC	D	-0.07%
BMRN	F	-0.06%
JNPR	D	-0.06%
SMCI	F	-0.06%
REG	A	-0.06%
ROL	B	-0.06%
POOL	D	-0.06%
FFIV	A	-0.06%
DLTR	F	-0.06%
FLEX	B	-0.06%
LKQ	D	-0.05%
IPG	F	-0.05%
OKTA	C	-0.05%
ALB	B	-0.05%
TECH	B	-0.05%
BG	D	-0.05%
DAL	A	-0.04%
CRL	C	-0.04%
SCCO	F	-0.04%
TFX	F	-0.04%
WBA	D	-0.03%
QRVO	F	-0.03%
NWS	B	-0.02%
GFS	C	-0.02%
WLK	F	-0.02%
LUV	B	-0.02%
AGR	C	-0.01%