TVAL vs. RSPN ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF (TVAL) to Invesco S&P 500 Equal Weight Industrials Portfolio (RSPN)

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

RSPN

Invesco S&P 500 Equal Weight Industrials Portfolio

RSPN Description

The fund generally will invest at least 90% of its total assets in securities that comprise the underlying index. The underlying index is composed of all of the components of the S&P 500® Industrials Index, an index that contains the common stocks of all companies included in the S&P 500® Index that are classified as members of the industrials sector, as defined according to the Global Industry Classification Standard (GICS).

Grade (RS Rating)

Last Trade

$53.01

Average Daily Volume

37,439

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TVAL	RSPN
30 Days	-0.12%	0.95%
60 Days	2.65%	6.01%
90 Days	4.84%	10.46%
12 Months	27.28%	33.94%

23 Overlapping Holdings

Symbol	Grade	Weight in TVAL	Weight in RSPN	Overlap
AME	A	0.31%	1.31%	0.31%
BA	D	0.56%	1.12%	0.56%
CARR	D	0.27%	1.14%	0.27%
CAT	C	0.3%	1.38%	0.3%
CMI	A	1.09%	1.37%	1.09%
CSX	C	0.49%	1.23%	0.49%
EFX	F	0.33%	1.02%	0.33%
GE	D	1.21%	1.17%	1.17%
GEV	A	0.7%	1.74%	0.7%
HON	B	0.68%	1.24%	0.68%
HUBB	B	0.7%	1.34%	0.7%
HWM	A	0.48%	1.36%	0.48%
LHX	B	1.36%	1.29%	1.29%
NSC	B	0.74%	1.28%	0.74%
OTIS	C	0.3%	1.25%	0.3%
ROK	B	0.52%	1.23%	0.52%
RSG	A	0.62%	1.18%	0.62%
SWK	F	1.1%	1.06%	1.06%
TDG	D	0.46%	1.13%	0.46%
TT	A	0.31%	1.27%	0.31%
UAL	A	0.31%	1.98%	0.31%
UNP	D	0.42%	1.13%	0.42%
UPS	C	0.28%	1.23%	0.28%

TVAL Overweight 120 Positions Relative to RSPN

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	C	1.67%
FI	A	1.53%
KVUE	A	1.49%
PM	A	1.41%
COP	B	1.25%
JPM	A	1.23%
AVB	B	1.22%
LLY	F	1.19%
TMO	F	1.12%
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%
AIG	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%
CVX	A	0.73%
LIN	D	0.73%
KO	D	0.72%
PG	C	0.72%
TXN	C	0.7%
ACN	C	0.7%
TTE	F	0.7%
SRE	A	0.68%
MMC	D	0.67%
KMB	C	0.66%
MSFT	D	0.65%
AEE	A	0.65%
DHR	D	0.65%
IP	A	0.64%
HD	A	0.63%
WDC	F	0.6%
NEE	C	0.59%
VZ	C	0.58%
USB	B	0.56%
MS	A	0.56%
D	C	0.55%
AZO	C	0.52%
RPM	B	0.52%
CF	A	0.52%
BAX	F	0.5%
REXR	F	0.48%
PGR	B	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%
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%
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%
ALL	A	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%
A	F	0.33%
COF	B	0.33%
STLD	B	0.32%
VRTX	D	0.29%
ROP	C	0.29%
TJX	A	0.29%
MOH	F	0.28%
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%
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 54 Positions Relative to RSPN

Symbol	Grade	Weight
DAY	B	-1.58%
DAL	A	-1.56%
PAYC	B	-1.56%
GNRC	B	-1.55%
SNA	B	-1.47%
EMR	A	-1.45%
J	D	-1.44%
AXON	A	-1.44%
LDOS	C	-1.44%
FAST	B	-1.39%
PWR	A	-1.39%
GWW	B	-1.39%
URI	B	-1.38%
PCAR	C	-1.38%
WAB	B	-1.37%
ETN	B	-1.37%
PH	B	-1.36%
ODFL	B	-1.35%
IEX	B	-1.33%
IR	B	-1.32%
PNR	B	-1.31%
JCI	B	-1.31%
JBHT	C	-1.3%
CPRT	B	-1.29%
ADP	B	-1.28%
LUV	B	-1.27%
DOV	B	-1.27%
CHRW	B	-1.26%
ITW	B	-1.26%
PAYX	B	-1.26%
CTAS	B	-1.23%
WM	B	-1.23%
DE	C	-1.21%
VRSK	B	-1.21%
BR	B	-1.21%
NDSN	D	-1.2%
ALLE	D	-1.18%
NOC	D	-1.17%
TXT	D	-1.17%
GD	D	-1.17%
FTV	D	-1.17%
RTX	D	-1.17%
UBER	F	-1.17%
EXPD	D	-1.16%
MMM	D	-1.16%
MAS	D	-1.16%
FDX	B	-1.15%
BLDR	D	-1.14%
LMT	D	-1.13%
ROL	B	-1.13%
AOS	F	-1.11%
XYL	D	-1.1%
VLTO	C	-1.1%
HII	F	-0.88%