TVAL vs. JEPI ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF (TVAL) to JPMorgan Equity Premium Income ETF (JEPI)

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

$32.91

Average Daily Volume

12,620

Number of Holdings ^*

144

* may have additional holdings in another (foreign) market

JEPI

JPMorgan Equity Premium Income ETF

JEPI Description

The investment seeks current income while maintaining prospects for capital appreciation. The fund seeks to provide the majority of the returns associated with its primary benchmark, the Standard & Poor's 500 Total Return Index (S&P 500 Index), while exposing investors to less risk through lower volatility and still offering incremental income. Under normal circumstances, the fund invests at least 80% of its assets in equity securities. It may also invest in other equity securities not included in the S&P 500 Index.

Grade (RS Rating)

Last Trade

$60.12

Average Daily Volume

2,879,343

Number of Holdings ^*

117

* may have additional holdings in another (foreign) market

Performance

Period	TVAL	JEPI
30 Days	2.08%	1.17%
60 Days	3.98%	2.61%
90 Days	5.24%	5.16%
12 Months	28.36%	13.45%

58 Overlapping Holdings

Symbol	Grade	Weight in TVAL	Weight in JEPI	Overlap
ABBV	F	0.36%	1.28%	0.36%
ACN	B	0.7%	0.84%	0.7%
ADI	D	0.35%	1.16%	0.35%
AME	A	0.31%	0.17%	0.17%
AXP	A	0.26%	0.81%	0.26%
AZO	C	0.52%	0.8%	0.52%
BAC	A	1.89%	0.34%	0.34%
CARR	C	0.27%	0.36%	0.27%
CB	C	2.23%	0.42%	0.42%
CMCSA	B	0.46%	1.34%	0.46%
CME	B	0.23%	1.18%	0.23%
COP	C	1.25%	0.89%	0.89%
CPAY	A	0.42%	0.75%	0.42%
CSX	C	0.49%	0.81%	0.49%
D	C	0.55%	0.18%	0.18%
DHR	F	0.65%	0.31%	0.31%
DTE	C	0.17%	0.1%	0.1%
ELV	F	1.81%	0.36%	0.36%
EOG	A	0.82%	0.9%	0.82%
EQIX	A	0.16%	0.91%	0.16%
FI	A	1.53%	0.83%	0.83%
HON	C	0.68%	1.42%	0.68%
HWM	A	0.48%	0.23%	0.23%
JNJ	C	1.82%	0.4%	0.4%
KEYS	A	0.35%	0.18%	0.18%
KO	D	0.72%	1.04%	0.72%
KVUE	A	1.49%	0.22%	0.22%
LIN	C	0.73%	1.01%	0.73%
LLY	F	1.19%	0.75%	0.75%
MCD	D	0.46%	0.61%	0.46%
MDLZ	F	0.43%	1.14%	0.43%
MET	A	0.22%	0.32%	0.22%
META	D	0.87%	1.5%	0.87%
MMC	B	0.67%	0.17%	0.17%
MRK	D	0.8%	0.28%	0.28%
MSFT	D	0.65%	1.41%	0.65%
MSI	B	0.34%	0.32%	0.32%
MU	D	0.45%	0.3%	0.3%
NEE	C	0.59%	1.35%	0.59%
OTIS	C	0.3%	0.93%	0.3%
PG	C	0.72%	1.13%	0.72%
PGR	A	0.48%	1.68%	0.48%
PLD	F	0.34%	0.48%	0.34%
PM	B	1.41%	0.39%	0.39%
REGN	F	0.42%	0.93%	0.42%
SO	C	1.67%	1.52%	1.52%
TDG	D	0.46%	0.41%	0.41%
TMO	F	1.12%	1.21%	1.12%
TT	A	0.31%	1.73%	0.31%
TXN	C	0.7%	1.16%	0.7%
UNH	B	1.9%	1.32%	1.32%
UNP	C	0.42%	0.21%	0.21%
UPS	C	0.28%	0.86%	0.28%
USB	A	0.56%	0.26%	0.26%
VRTX	D	0.29%	1.17%	0.29%
WMT	A	1.89%	0.65%	0.65%
XOM	B	2.56%	0.95%	0.95%
YUM	D	0.36%	1.17%	0.36%

TVAL Overweight 86 Positions Relative to JEPI

Symbol	Grade	Weight
HIG	B	1.96%
WFC	A	1.77%
LHX	C	1.36%
JPM	A	1.23%
AVB	B	1.22%
GE	D	1.21%
SWK	D	1.1%
CMI	A	1.09%
QCOM	F	1.08%
BDX	F	1.01%
EQH	C	1.0%
GOOG	C	0.95%
SCHW	B	0.89%
TMUS	B	0.88%
WY	F	0.88%
AIG	B	0.87%
CI	D	0.87%
ZBH	C	0.85%
CL	D	0.84%
C	A	0.81%
MCK	A	0.8%
FITB	B	0.77%
NWSA	A	0.75%
VST	A	0.74%
NSC	B	0.74%
CVX	A	0.73%
HUBB	B	0.7%
GEV	B	0.7%
TTE	F	0.7%
SRE	A	0.68%
KMB	C	0.66%
AEE	A	0.65%
IP	A	0.64%
HD	B	0.63%
RSG	A	0.62%
WDC	D	0.6%
VZ	C	0.58%
BA	F	0.56%
MS	A	0.56%
RPM	A	0.52%
ROK	C	0.52%
CF	A	0.52%
BAX	F	0.5%
REXR	F	0.48%
AZN	F	0.47%
MAR	A	0.47%
WMB	A	0.46%
EQT	B	0.46%
APO	B	0.46%
HBAN	A	0.45%
ARES	A	0.45%
HCA	F	0.45%
PSA	C	0.44%
BLK	B	0.43%
FANG	C	0.43%
LEN	D	0.42%
LVS	B	0.41%
LAMR	C	0.4%
KDP	F	0.4%
CAG	F	0.4%
TSM	B	0.39%
ALL	A	0.39%
AMAT	F	0.38%
BKR	A	0.35%
EFX	F	0.33%
A	D	0.33%
COF	C	0.33%
STLD	B	0.32%
UAL	A	0.31%
CAT	B	0.3%
ROP	B	0.29%
TJX	A	0.29%
MOH	F	0.28%
MCHP	F	0.27%
SPGI	C	0.26%
CDW	F	0.25%
MGM	D	0.24%
ZTS	D	0.23%
CVS	D	0.23%
HAL	C	0.22%
VMC	B	0.22%
AMD	F	0.22%
BHP	F	0.2%
DIS	B	0.2%
AVY	F	0.19%
SNY	F	0.19%

TVAL Underweight 59 Positions Relative to JEPI

Symbol	Grade	Weight
NOW	A	-1.63%
NVDA	B	-1.61%
AMZN	C	-1.61%
MA	B	-1.59%
V	A	-1.49%
GOOGL	C	-1.38%
LOW	C	-1.36%
SYK	B	-1.29%
PEP	F	-1.26%
NXPI	D	-1.21%
ETN	A	-1.16%
COST	A	-1.13%
TRV	B	-1.03%
BMY	B	-1.02%
ROST	D	-0.99%
CRM	B	-0.93%
INTU	B	-0.91%
CTSH	B	-0.83%
EMR	B	-0.8%
CMG	B	-0.8%
BKNG	A	-0.8%
MNST	C	-0.77%
SBAC	D	-0.75%
PEG	A	-0.73%
CHD	A	-0.72%
BRK.A	B	-0.71%
AAPL	C	-0.67%
ABT	B	-0.63%
DE	B	-0.62%
MDT	D	-0.6%
CMS	C	-0.57%
RTX	D	-0.57%
AMP	A	-0.54%
MRVL	B	-0.46%
BSX	A	-0.46%
ASML	F	-0.45%
PCG	A	-0.41%
TXT	D	-0.41%
JKHY	D	-0.39%
FDX	B	-0.38%
IR	B	-0.37%
BURL	B	-0.36%
CDNS	B	-0.36%
STX	C	-0.35%
DOW	F	-0.32%
URI	C	-0.32%
PPG	F	-0.29%
LDOS	C	-0.28%
AMT	C	-0.26%
AON	A	-0.26%
MO	A	-0.21%
AJG	A	-0.21%
LYB	F	-0.18%
WELL	A	-0.17%
GWW	B	-0.14%
NOC	D	-0.13%
DOV	A	-0.12%
ETR	B	-0.1%
ELS	C	-0.04%