TVAL vs. QLD ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF (TVAL) to ProShares Ultra QQQ (QLD)

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

QLD

ProShares Ultra QQQ

QLD Description

The investment seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the NASDAQ-100 Index®. The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times (2x) the daily return of the index. The index, a modified market capitalization-weighted index, includes 100 of the largest non-financial domestic and international issues listed on the NASDAQ Stock Market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$106.72

Average Daily Volume

2,632,901

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	TVAL	QLD
30 Days	2.98%	6.38%
60 Days	4.22%	8.03%
90 Days	5.88%	8.70%
12 Months	29.14%	54.59%

25 Overlapping Holdings

Symbol	Grade	Weight in TVAL	Weight in QLD	Overlap
ADI	D	0.35%	0.48%	0.35%
AMAT	F	0.38%	0.69%	0.38%
AMD	F	0.22%	1.03%	0.22%
AZN	D	0.47%	0.17%	0.17%
BKR	B	0.35%	0.2%	0.2%
CDW	F	0.25%	0.11%	0.11%
CMCSA	B	0.46%	0.78%	0.46%
CSX	B	0.49%	0.32%	0.32%
FANG	D	0.43%	0.25%	0.25%
GOOG	C	0.95%	1.79%	0.95%
HON	B	0.68%	0.69%	0.68%
KDP	D	0.4%	0.21%	0.21%
LIN	D	0.73%	1.0%	0.73%
MAR	B	0.47%	0.37%	0.37%
MCHP	D	0.27%	0.16%	0.16%
MDLZ	F	0.43%	0.4%	0.4%
META	D	0.87%	3.57%	0.87%
MSFT	F	0.65%	5.6%	0.65%
MU	D	0.45%	0.51%	0.45%
QCOM	F	1.08%	0.82%	0.82%
REGN	F	0.42%	0.4%	0.4%
ROP	B	0.29%	0.28%	0.28%
TMUS	B	0.88%	1.29%	0.88%
TXN	C	0.7%	0.86%	0.7%
VRTX	F	0.29%	0.58%	0.29%

TVAL Overweight 119 Positions Relative to QLD

Symbol	Grade	Weight
XOM	B	2.56%
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	D	1.67%
FI	A	1.53%
KVUE	A	1.49%
PM	B	1.41%
LHX	C	1.36%
COP	C	1.25%
JPM	A	1.23%
AVB	B	1.22%
GE	D	1.21%
LLY	F	1.19%
TMO	F	1.12%
SWK	D	1.1%
CMI	A	1.09%
BDX	F	1.01%
EQH	B	1.0%
SCHW	B	0.89%
WY	D	0.88%
AIG	B	0.87%
CI	F	0.87%
ZBH	C	0.85%
CL	D	0.84%
EOG	A	0.82%
C	A	0.81%
MCK	B	0.8%
MRK	F	0.8%
FITB	A	0.77%
NWSA	B	0.75%
VST	B	0.74%
NSC	B	0.74%
CVX	A	0.73%
KO	D	0.72%
PG	A	0.72%
HUBB	B	0.7%
ACN	C	0.7%
GEV	B	0.7%
TTE	F	0.7%
SRE	A	0.68%
MMC	B	0.67%
KMB	D	0.66%
AEE	A	0.65%
DHR	F	0.65%
IP	B	0.64%
HD	A	0.63%
RSG	A	0.62%
WDC	D	0.6%
NEE	D	0.59%
VZ	C	0.58%
USB	A	0.56%
BA	F	0.56%
MS	A	0.56%
D	C	0.55%
AZO	C	0.52%
RPM	A	0.52%
ROK	B	0.52%
CF	B	0.52%
BAX	D	0.5%
HWM	A	0.48%
REXR	F	0.48%
PGR	A	0.48%
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%
HCA	F	0.45%
PSA	D	0.44%
BLK	C	0.43%
UNP	C	0.42%
CPAY	A	0.42%
LEN	D	0.42%
LVS	C	0.41%
LAMR	D	0.4%
CAG	D	0.4%
TSM	B	0.39%
ALL	A	0.39%
ABBV	D	0.36%
YUM	B	0.36%
KEYS	A	0.35%
PLD	D	0.34%
MSI	B	0.34%
EFX	F	0.33%
A	D	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	B	0.3%
TJX	A	0.29%
MOH	F	0.28%
UPS	C	0.28%
CARR	D	0.27%
AXP	A	0.26%
SPGI	C	0.26%
MGM	D	0.24%
ZTS	D	0.23%
CVS	D	0.23%
CME	A	0.23%
HAL	C	0.22%
VMC	B	0.22%
MET	A	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 76 Positions Relative to QLD

Symbol	Grade	Weight
NVDA	C	-6.35%
AAPL	C	-6.06%
AMZN	C	-3.98%
AVGO	D	-3.68%
TSLA	B	-2.83%
COST	B	-1.89%
GOOGL	C	-1.86%
NFLX	A	-1.63%
CSCO	B	-1.09%
ADBE	C	-1.08%
PEP	F	-1.04%
INTU	C	-0.9%
ISRG	A	-0.87%
BKNG	A	-0.77%
AMGN	D	-0.74%
PANW	C	-0.6%
ADP	B	-0.57%
GILD	C	-0.53%
SBUX	A	-0.52%
INTC	D	-0.49%
MELI	D	-0.45%
LRCX	F	-0.44%
PYPL	B	-0.41%
CTAS	B	-0.41%
KLAC	D	-0.4%
SNPS	B	-0.39%
CDNS	B	-0.38%
CRWD	B	-0.37%
MRVL	B	-0.36%
PDD	F	-0.35%
FTNT	C	-0.34%
ORLY	B	-0.33%
CEG	D	-0.32%
ADSK	A	-0.31%
DASH	A	-0.31%
ASML	F	-0.29%
PCAR	B	-0.28%
CHTR	C	-0.27%
ABNB	C	-0.27%
WDAY	B	-0.27%
CPRT	A	-0.26%
NXPI	D	-0.26%
TTD	B	-0.26%
MNST	C	-0.25%
PAYX	C	-0.24%
AEP	D	-0.23%
FAST	B	-0.22%
ODFL	B	-0.22%
ROST	C	-0.21%
EA	A	-0.2%
TEAM	A	-0.19%
CTSH	B	-0.19%
VRSK	A	-0.19%
XEL	A	-0.18%
GEHC	F	-0.18%
LULU	C	-0.18%
KHC	F	-0.18%
DDOG	A	-0.18%
EXC	C	-0.17%
IDXX	F	-0.16%
CCEP	C	-0.16%
ZS	C	-0.15%
TTWO	A	-0.15%
ANSS	B	-0.14%
CSGP	D	-0.14%
DXCM	D	-0.13%
ON	D	-0.13%
ILMN	D	-0.11%
GFS	C	-0.11%
WBD	C	-0.11%
BIIB	F	-0.11%
MDB	C	-0.1%
ARM	D	-0.08%
MRNA	F	-0.07%
DLTR	F	-0.06%
SMCI	F	-0.05%