TVAL vs. QQQI ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF (TVAL) to NEOS Nasdaq 100 High Income ETF (QQQI)

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

9,321

Number of Holdings ^*

143

* may have additional holdings in another (foreign) market

QQQI

NEOS Nasdaq 100 High Income ETF

QQQI Description

The fund is an actively-managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing in a portfolio of stocks that make up the Nasdaq-100® Index and a call options strategy, that consists of written (sold) call options on the Nasdaq-100® Index. Under normal circumstances, at least 80% of the fund"s net assets, plus borrowings for investment purposes, will be invested in securities, or derivative instruments linked to securities, of companies that are included in the reference index.

Grade (RS Rating)

Last Trade

$52.96

Average Daily Volume

209,643

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	TVAL	QQQI
30 Days	1.40%	3.41%
60 Days	4.87%	7.00%
90 Days	7.82%	8.57%
12 Months	31.78%

25 Overlapping Holdings

Symbol	Grade	Weight in TVAL	Weight in QQQI	Overlap
ADI	D	0.35%	0.76%	0.35%
AMAT	F	0.38%	1.05%	0.38%
AMD	F	0.22%	1.49%	0.22%
AZN	F	0.47%	0.25%	0.25%
BKR	B	0.35%	0.3%	0.3%
CDW	F	0.25%	0.18%	0.18%
CMCSA	B	0.46%	1.12%	0.46%
CSX	B	0.49%	0.5%	0.49%
FANG	D	0.43%	0.2%	0.2%
GOOG	B	0.95%	2.54%	0.95%
HON	B	0.68%	0.93%	0.68%
KDP	D	0.4%	0.32%	0.32%
LIN	D	0.73%	1.37%	0.73%
MAR	A	0.47%	0.56%	0.47%
MCHP	F	0.27%	0.27%	0.27%
MDLZ	F	0.43%	0.62%	0.43%
META	B	0.87%	5.02%	0.87%
MSFT	C	0.65%	7.64%	0.65%
MU	C	0.45%	0.8%	0.45%
QCOM	F	1.08%	1.22%	1.08%
REGN	F	0.42%	0.57%	0.42%
ROP	B	0.29%	0.39%	0.29%
TMUS	A	0.88%	1.87%	0.88%
TXN	B	0.7%	1.33%	0.7%
VRTX	B	0.29%	0.81%	0.29%

TVAL Overweight 118 Positions Relative to QQQI

Symbol	Grade	Weight
XOM	B	2.56%
CB	D	2.23%
HIG	C	1.96%
UNH	B	1.9%
WMT	A	1.89%
BAC	A	1.89%
JNJ	F	1.82%
ELV	F	1.81%
WFC	B	1.77%
SO	D	1.67%
FI	A	1.53%
KVUE	A	1.49%
PM	C	1.41%
LHX	B	1.36%
COP	C	1.25%
JPM	B	1.23%
AVB	B	1.22%
GE	C	1.21%
LLY	D	1.19%
TMO	F	1.12%
SWK	F	1.1%
CMI	B	1.09%
BDX	D	1.01%
EQH	B	1.0%
SCHW	A	0.89%
WY	F	0.88%
AIG	C	0.87%
CI	D	0.87%
ZBH	C	0.85%
CL	F	0.84%
EOG	B	0.82%
C	B	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	B	0.73%
KO	F	0.72%
PG	D	0.72%
HUBB	B	0.7%
ACN	C	0.7%
GEV	B	0.7%
TTE	F	0.7%
SRE	A	0.68%
MMC	C	0.67%
KMB	F	0.66%
AEE	A	0.65%
DHR	F	0.65%
IP	B	0.64%
HD	B	0.63%
RSG	A	0.62%
WDC	D	0.6%
NEE	D	0.59%
VZ	D	0.58%
USB	B	0.56%
BA	F	0.56%
MS	A	0.56%
D	D	0.55%
AZO	C	0.52%
RPM	B	0.52%
ROK	B	0.52%
CF	B	0.52%
BAX	F	0.5%
HWM	B	0.48%
REXR	F	0.48%
PGR	B	0.48%
WMB	A	0.46%
EQT	A	0.46%
MCD	D	0.46%
APO	B	0.46%
TDG	B	0.46%
HBAN	A	0.45%
ARES	B	0.45%
HCA	D	0.45%
PSA	D	0.44%
UNP	D	0.42%
CPAY	A	0.42%
LEN	D	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	B	0.35%
PLD	F	0.34%
MSI	B	0.34%
EFX	D	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	D	0.3%
CAT	B	0.3%
TJX	B	0.29%
MOH	F	0.28%
UPS	D	0.28%
CARR	D	0.27%
AXP	B	0.26%
SPGI	D	0.26%
MGM	F	0.24%
ZTS	F	0.23%
CVS	F	0.23%
CME	B	0.23%
HAL	D	0.22%
VMC	B	0.22%
MET	C	0.22%
BHP	F	0.2%
DIS	C	0.2%
AVY	F	0.19%
SNY	F	0.19%
DTE	D	0.17%
EQIX	C	0.16%

TVAL Underweight 76 Positions Relative to QQQI

Symbol	Grade	Weight
NVDA	A	-8.9%
AAPL	D	-8.43%
AVGO	B	-5.14%
AMZN	B	-5.06%
TSLA	B	-3.44%
COST	B	-2.66%
GOOGL	B	-2.63%
NFLX	A	-2.16%
PEP	F	-1.55%
CSCO	A	-1.52%
ADBE	C	-1.5%
ISRG	A	-1.23%
INTU	A	-1.18%
AMGN	F	-1.13%
ADP	A	-0.85%
PANW	A	-0.85%
GILD	B	-0.79%
SBUX	B	-0.77%
INTC	C	-0.73%
BKNG	A	-0.63%
LRCX	F	-0.62%
KLAC	F	-0.59%
PYPL	B	-0.59%
MRVL	B	-0.56%
PDD	F	-0.56%
CDNS	B	-0.54%
CEG	D	-0.52%
SNPS	B	-0.49%
CTAS	A	-0.46%
CRWD	B	-0.46%
ADSK	B	-0.44%
DASH	A	-0.44%
PCAR	B	-0.43%
FTNT	A	-0.42%
MNST	B	-0.39%
ORLY	A	-0.39%
ABNB	C	-0.39%
TTD	A	-0.39%
NXPI	F	-0.38%
CPRT	B	-0.37%
PAYX	B	-0.36%
CHTR	B	-0.36%
WDAY	B	-0.36%
AEP	D	-0.34%
FAST	B	-0.34%
ROST	F	-0.33%
ASML	F	-0.33%
ODFL	B	-0.33%
KHC	F	-0.29%
EA	A	-0.29%
CTSH	A	-0.28%
EXC	D	-0.27%
MELI	D	-0.27%
GEHC	D	-0.27%
DDOG	C	-0.26%
VRSK	A	-0.25%
XEL	A	-0.25%
TEAM	B	-0.24%
CCEP	D	-0.23%
LULU	C	-0.22%
CSGP	D	-0.21%
IDXX	D	-0.21%
ON	D	-0.21%
DXCM	C	-0.18%
TTWO	A	-0.18%
GFS	C	-0.18%
ANSS	B	-0.17%
ZS	B	-0.17%
ILMN	C	-0.16%
BIIB	F	-0.15%
WBD	C	-0.14%
MRNA	F	-0.13%
MDB	C	-0.09%
DLTR	F	-0.09%
ARM	C	-0.06%
SMCI	F	-0.01%