TVAL vs. QLC ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF (TVAL) to FlexShares US Quality Large Cap Index Fund (QLC)

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

$33.11

Average Daily Volume

13,066

Number of Holdings ^*

144

* may have additional holdings in another (foreign) market

QLC

FlexShares US Quality Large Cap Index Fund

QLC Description

FlexShares Trust - FlexShares US Quality Large Cap Index Fund is an exchange traded fund launched by Northern Trust Corporation. The fund is managed by Northern Trust Investments, Incorporated. It invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in momentum stocks of large-cap companies. The fund seeks to track the performance of the Northern Trust Quality Large Cap Index, by employing representative sampling methodology. FlexShares Trust - FlexShares US Quality Large Cap Index Fund is domiciled in the United States.

Grade (RS Rating)

Last Trade

$67.43

Average Daily Volume

43,756

Number of Holdings ^*

164

* may have additional holdings in another (foreign) market

Performance

Period	TVAL	QLC
30 Days	2.98%	3.14%
60 Days	4.22%	4.71%
90 Days	5.88%	6.03%
12 Months	29.14%	34.37%

47 Overlapping Holdings

Symbol	Grade	Weight in TVAL	Weight in QLC	Overlap
ABBV	D	0.36%	0.19%	0.19%
ACN	C	0.7%	0.68%	0.68%
ADI	D	0.35%	0.47%	0.35%
AIG	B	0.87%	0.52%	0.52%
AMAT	F	0.38%	0.66%	0.38%
AVB	B	1.22%	0.55%	0.55%
AZO	C	0.52%	0.56%	0.52%
BAC	A	1.89%	1.5%	1.5%
C	A	0.81%	1.25%	0.81%
CAT	B	0.3%	0.95%	0.3%
CI	F	0.87%	0.76%	0.76%
CL	D	0.84%	0.33%	0.33%
CMCSA	B	0.46%	0.78%	0.46%
CMI	A	1.09%	0.31%	0.31%
COF	B	0.33%	0.72%	0.33%
DHR	F	0.65%	0.04%	0.04%
ELV	F	1.81%	0.12%	0.12%
FI	A	1.53%	0.18%	0.18%
FITB	A	0.77%	0.27%	0.27%
GE	D	1.21%	0.96%	0.96%
GOOG	C	0.95%	2.82%	0.95%
HCA	F	0.45%	0.19%	0.19%
HD	A	0.63%	0.66%	0.63%
JNJ	D	1.82%	1.48%	1.48%
JPM	A	1.23%	2.1%	1.23%
KMB	D	0.66%	0.43%	0.43%
LAMR	D	0.4%	0.02%	0.02%
LEN	D	0.42%	0.09%	0.09%
LLY	F	1.19%	1.14%	1.14%
MCHP	D	0.27%	0.22%	0.22%
MCK	B	0.8%	0.77%	0.77%
MET	A	0.22%	0.55%	0.22%
META	D	0.87%	2.34%	0.87%
MRK	F	0.8%	0.88%	0.8%
MS	A	0.56%	0.69%	0.56%
MSFT	F	0.65%	4.69%	0.65%
PG	A	0.72%	1.27%	0.72%
PM	B	1.41%	0.54%	0.54%
PSA	D	0.44%	0.48%	0.44%
QCOM	F	1.08%	0.66%	0.66%
REGN	F	0.42%	0.06%	0.06%
ROP	B	0.29%	0.03%	0.03%
SO	D	1.67%	0.84%	0.84%
STLD	B	0.32%	0.47%	0.32%
UPS	C	0.28%	0.37%	0.28%
WFC	A	1.77%	0.45%	0.45%
WY	D	0.88%	0.43%	0.43%

TVAL Overweight 97 Positions Relative to QLC

Symbol	Grade	Weight
XOM	B	2.56%
CB	C	2.23%
HIG	B	1.96%
UNH	C	1.9%
WMT	A	1.89%
KVUE	A	1.49%
LHX	C	1.36%
COP	C	1.25%
TMO	F	1.12%
SWK	D	1.1%
BDX	F	1.01%
EQH	B	1.0%
SCHW	B	0.89%
TMUS	B	0.88%
ZBH	C	0.85%
EOG	A	0.82%
NWSA	B	0.75%
VST	B	0.74%
NSC	B	0.74%
CVX	A	0.73%
LIN	D	0.73%
KO	D	0.72%
TXN	C	0.7%
HUBB	B	0.7%
GEV	B	0.7%
TTE	F	0.7%
HON	B	0.68%
SRE	A	0.68%
MMC	B	0.67%
AEE	A	0.65%
IP	B	0.64%
RSG	A	0.62%
WDC	D	0.6%
NEE	D	0.59%
VZ	C	0.58%
USB	A	0.56%
BA	F	0.56%
D	C	0.55%
RPM	A	0.52%
ROK	B	0.52%
CF	B	0.52%
BAX	D	0.5%
CSX	B	0.49%
HWM	A	0.48%
REXR	F	0.48%
PGR	A	0.48%
AZN	D	0.47%
MAR	B	0.47%
WMB	A	0.46%
EQT	B	0.46%
MCD	D	0.46%
APO	B	0.46%
TDG	D	0.46%
HBAN	A	0.45%
ARES	A	0.45%
MU	D	0.45%
BLK	C	0.43%
FANG	D	0.43%
MDLZ	F	0.43%
UNP	C	0.42%
CPAY	A	0.42%
LVS	C	0.41%
KDP	D	0.4%
CAG	D	0.4%
TSM	B	0.39%
ALL	A	0.39%
YUM	B	0.36%
BKR	B	0.35%
KEYS	A	0.35%
PLD	D	0.34%
MSI	B	0.34%
EFX	F	0.33%
A	D	0.33%
UAL	A	0.31%
TT	A	0.31%
AME	A	0.31%
OTIS	C	0.3%
VRTX	F	0.29%
TJX	A	0.29%
MOH	F	0.28%
CARR	D	0.27%
AXP	A	0.26%
SPGI	C	0.26%
CDW	F	0.25%
MGM	D	0.24%
ZTS	D	0.23%
CVS	D	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 117 Positions Relative to QLC

Symbol	Grade	Weight
AAPL	C	-7.51%
NVDA	C	-6.54%
GOOGL	C	-2.85%
BRK.A	B	-2.35%
AMZN	C	-2.34%
AVGO	D	-1.69%
CSCO	B	-1.25%
ORCL	B	-1.12%
INTU	C	-1.08%
ADBE	C	-0.82%
T	A	-0.78%
ITW	B	-0.77%
TSLA	B	-0.73%
LRCX	F	-0.72%
NFLX	A	-0.69%
BK	A	-0.68%
GS	A	-0.68%
FICO	B	-0.68%
ETR	B	-0.66%
BKNG	A	-0.66%
GWW	B	-0.64%
KLAC	D	-0.64%
SPG	B	-0.64%
CBRE	B	-0.63%
AFL	B	-0.62%
PEG	A	-0.61%
LMT	D	-0.58%
PPL	B	-0.56%
SYF	B	-0.56%
COR	B	-0.56%
AMGN	D	-0.55%
MPC	D	-0.54%
LDOS	C	-0.54%
NVR	D	-0.54%
APP	B	-0.53%
ESS	B	-0.53%
VLO	C	-0.53%
ED	D	-0.51%
FTNT	C	-0.5%
NRG	B	-0.47%
EBAY	D	-0.47%
CHKP	D	-0.46%
KR	B	-0.46%
LOW	D	-0.45%
BMY	B	-0.44%
STT	A	-0.44%
HST	C	-0.44%
EQR	B	-0.44%
RCL	A	-0.4%
OMC	C	-0.39%
DVA	B	-0.39%
NUE	C	-0.39%
MELI	D	-0.38%
EXC	C	-0.38%
RMD	C	-0.38%
EXPD	D	-0.38%
CSL	C	-0.35%
GIS	D	-0.34%
CTSH	B	-0.34%
FIS	C	-0.34%
DELL	C	-0.33%
LH	C	-0.33%
ALLY	C	-0.33%
MTD	D	-0.31%
PCAR	B	-0.3%
CNC	D	-0.29%
MO	A	-0.29%
TAP	C	-0.28%
EA	A	-0.28%
WAB	B	-0.28%
PRU	A	-0.28%
JBL	B	-0.27%
MMM	D	-0.25%
MAS	D	-0.24%
DASH	A	-0.24%
PHM	D	-0.23%
ABNB	C	-0.22%
OXY	D	-0.21%
EIX	B	-0.21%
HOOD	B	-0.21%
CAH	B	-0.21%
HOLX	D	-0.2%
IT	C	-0.19%
PSX	C	-0.19%
BBY	D	-0.19%
IDXX	F	-0.18%
DFS	B	-0.18%
NTAP	C	-0.17%
PAYX	C	-0.16%
GILD	C	-0.15%
ICLR	D	-0.14%
THC	D	-0.14%
UTHR	C	-0.13%
ABT	B	-0.13%
WSM	B	-0.13%
EME	C	-0.12%
LYB	F	-0.11%
MANH	D	-0.11%
CRBG	B	-0.09%
AOS	F	-0.08%
CE	F	-0.07%
FLEX	A	-0.07%
GEHC	F	-0.07%
ZM	B	-0.06%
TGT	F	-0.06%
SYK	C	-0.05%
ADP	B	-0.05%
EXPE	B	-0.05%
CRM	B	-0.04%
EVRG	A	-0.03%
JLL	D	-0.03%
MEDP	D	-0.02%
MAA	B	-0.02%
ADM	D	-0.02%
TXT	D	-0.02%
SMCI	F	-0.02%
EMR	A	-0.02%