TVAL vs. KIE ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF (TVAL) to SPDR S&P Insurance ETF (KIE)

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

KIE

SPDR S&P Insurance ETF

KIE Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of publicly traded companies in the insurance industry. In seeking to track the performance of the S&P Insurance Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the insurance industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$59.29

Average Daily Volume

1,076,745

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TVAL	KIE
30 Days	-0.12%	1.51%
60 Days	2.65%	5.33%
90 Days	4.84%	9.60%
12 Months	27.28%	36.26%

7 Overlapping Holdings

Symbol	Grade	Weight in TVAL	Weight in KIE	Overlap
AIG	C	0.87%	1.99%	0.87%
ALL	A	0.39%	1.93%	0.39%
CB	C	2.23%	1.83%	1.83%
HIG	B	1.96%	1.9%	1.9%
MET	A	0.22%	2.02%	0.22%
MMC	D	0.67%	1.85%	0.67%
PGR	B	0.48%	1.9%	0.48%

TVAL Overweight 136 Positions Relative to KIE

Symbol	Grade	Weight
XOM	B	2.56%
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%
COP	B	1.25%
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%
WY	D	0.88%
META	C	0.87%
CI	D	0.87%
ZBH	C	0.85%
CL	D	0.84%
EOG	A	0.82%
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%
CVX	A	0.73%
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%
KMB	C	0.66%
MSFT	D	0.65%
AEE	A	0.65%
DHR	D	0.65%
IP	A	0.64%
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%
CF	A	0.52%
BAX	F	0.5%
CSX	C	0.49%
HWM	A	0.48%
REXR	F	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%
FANG	D	0.43%
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%
AMAT	F	0.38%
ABBV	F	0.36%
YUM	D	0.36%
BKR	B	0.35%
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%
STLD	B	0.32%
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%
HAL	C	0.22%
VMC	B	0.22%
AMD	F	0.22%
BHP	F	0.2%
DIS	B	0.2%
AVY	D	0.19%
SNY	F	0.19%
DTE	C	0.17%
EQIX	A	0.16%

TVAL Underweight 43 Positions Relative to KIE

Symbol	Grade	Weight
UNM	A	-2.4%
GSHD	B	-2.37%
BHF	C	-2.28%
LNC	B	-2.28%
CNO	B	-2.22%
PRI	A	-2.17%
RYAN	B	-2.11%
KMPR	A	-2.09%
RLI	A	-2.09%
WTM	A	-2.08%
AON	B	-2.08%
WTW	B	-2.07%
AGO	A	-2.06%
CINF	A	-2.06%
SIGI	B	-2.05%
THG	A	-2.04%
BRO	B	-2.04%
AIZ	A	-2.04%
AXS	A	-2.03%
PRU	B	-2.03%
TRV	A	-2.02%
PFG	C	-2.01%
L	A	-2.0%
MKL	A	-2.0%
GNW	A	-2.0%
GL	C	-1.99%
ORI	A	-1.97%
RNR	C	-1.96%
RGA	B	-1.96%
WRB	B	-1.95%
ESGR	B	-1.93%
AFG	A	-1.9%
AFL	C	-1.88%
AJG	B	-1.86%
FNF	A	-1.86%
KNSL	B	-1.84%
EG	D	-1.8%
FAF	C	-1.79%
ACGL	D	-1.69%
PLMR	A	-1.64%
ERIE	F	-1.55%
STC	B	-1.38%
OSCR	C	-1.2%