TVAL vs. TFPN ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF (TVAL) to Blueprint Chesapeake Multi-Asset Trend ETF (TFPN)

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

TFPN

Blueprint Chesapeake Multi-Asset Trend ETF

TFPN Description

The fund is an actively-managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing pursuant to a trend following program called the Chesapeake Program. In addition, the fund invests in cash, short-term U.S. Treasury securities, money market funds, and cash equivalents. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$25.63

Average Daily Volume

13,416

Number of Holdings ^*

185

* may have additional holdings in another (foreign) market

Performance

Period	TVAL	TFPN
30 Days	2.98%	6.26%
60 Days	4.22%	4.40%
90 Days	5.88%	5.73%
12 Months	29.14%	5.39%

12 Overlapping Holdings

Symbol	Grade	Weight in TVAL	Weight in TFPN	Overlap
BDX	F	1.01%	-0.4%	-0.4%
CF	B	0.52%	0.42%	0.42%
COP	C	1.25%	-0.5%	-0.5%
ELV	F	1.81%	-0.2%	-0.2%
HAL	C	0.22%	-0.43%	-0.43%
KEYS	A	0.35%	0.51%	0.35%
MRK	F	0.8%	-0.54%	-0.54%
REGN	F	0.42%	-0.11%	-0.11%
STLD	B	0.32%	0.31%	0.31%
TTE	F	0.7%	-0.41%	-0.41%
UPS	C	0.28%	-0.29%	-0.29%
ZBH	C	0.85%	-0.77%	-0.77%

TVAL Overweight 132 Positions Relative to TFPN

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%
WFC	A	1.77%
SO	D	1.67%
FI	A	1.53%
KVUE	A	1.49%
PM	B	1.41%
LHX	C	1.36%
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%
QCOM	F	1.08%
EQH	B	1.0%
GOOG	C	0.95%
SCHW	B	0.89%
TMUS	B	0.88%
WY	D	0.88%
META	D	0.87%
AIG	B	0.87%
CI	F	0.87%
CL	D	0.84%
EOG	A	0.82%
C	A	0.81%
MCK	B	0.8%
FITB	A	0.77%
NWSA	B	0.75%
VST	B	0.74%
NSC	B	0.74%
CVX	A	0.73%
LIN	D	0.73%
KO	D	0.72%
PG	A	0.72%
TXN	C	0.7%
HUBB	B	0.7%
ACN	C	0.7%
GEV	B	0.7%
HON	B	0.68%
SRE	A	0.68%
MMC	B	0.67%
KMB	D	0.66%
MSFT	F	0.65%
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%
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%
CMCSA	B	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%
HCA	F	0.45%
PSA	D	0.44%
BLK	C	0.43%
FANG	D	0.43%
MDLZ	F	0.43%
UNP	C	0.42%
CPAY	A	0.42%
LEN	D	0.42%
LVS	C	0.41%
LAMR	D	0.4%
KDP	D	0.4%
CAG	D	0.4%
TSM	B	0.39%
ALL	A	0.39%
AMAT	F	0.38%
ABBV	D	0.36%
YUM	B	0.36%
BKR	B	0.35%
ADI	D	0.35%
PLD	D	0.34%
MSI	B	0.34%
EFX	F	0.33%
A	D	0.33%
COF	B	0.33%
UAL	A	0.31%
TT	A	0.31%
AME	A	0.31%
OTIS	C	0.3%
CAT	B	0.3%
VRTX	F	0.29%
ROP	B	0.29%
TJX	A	0.29%
MOH	F	0.28%
CARR	D	0.27%
MCHP	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%
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 173 Positions Relative to TFPN

Symbol	Grade	Weight
SUB	C	-2.52%
STIP	C	-2.05%
MSTR	C	-1.04%
MUB	C	-1.01%
CWB	A	-0.99%
AZZ	B	-0.93%
BKLN	A	-0.91%
VCIT	D	-0.84%
MBB	C	-0.81%
PFF	C	-0.77%
UFPT	B	-0.76%
CCK	C	-0.73%
CRS	A	-0.71%
AXON	A	-0.7%
MKC	D	-0.64%
TKO	B	-0.64%
PPC	C	-0.63%
INGR	B	-0.62%
CTVA	C	-0.62%
VMI	B	-0.62%
MOG.A	B	-0.62%
EMB	C	-0.61%
AXTA	A	-0.6%
CHRW	C	-0.58%
GLNG	C	-0.57%
LPX	B	-0.57%
OC	A	-0.55%
ERJ	B	-0.55%
GATX	A	-0.54%
BWXT	B	-0.54%
CR	A	-0.53%
EXP	A	-0.52%
FLS	B	-0.51%
SLVM	B	-0.5%
IBIT	A	-0.5%
APD	A	-0.49%
BRC	D	-0.49%
WHD	B	-0.49%
SLGN	A	-0.48%
ABM	B	-0.47%
ENR	B	-0.47%
CALM	A	-0.47%
BDC	B	-0.46%
BERY	B	-0.46%
BCC	B	-0.46%
VCLT	D	-0.46%
ITT	A	-0.46%
AWI	A	-0.45%
RBC	A	-0.45%
CLH	B	-0.44%
BMI	B	-0.44%
FOUR	B	-0.43%
KEX	C	-0.43%
ATR	B	-0.43%
KNF	A	-0.41%
ESI	A	-0.41%
TRN	C	-0.41%
AVAV	D	-0.41%
KTOS	B	-0.4%
BCPC	B	-0.4%
PHIN	A	-0.4%
GVA	A	-0.39%
EPAC	B	-0.39%
GEO	B	-0.38%
CBT	C	-0.38%
MTX	B	-0.37%
MTZ	B	-0.37%
WFG	D	-0.37%
BTU	B	-0.36%
KALU	C	-0.36%
ORA	B	-0.36%
COIN	C	-0.36%
LFUS	F	-0.36%
GPK	C	-0.35%
ACGL	D	-0.35%
HAS	D	-0.35%
FELE	B	-0.34%
GXO	B	-0.34%
INFY	B	-0.33%
AVNT	B	-0.33%
TGLS	B	-0.33%
DAC	B	-0.33%
ILMN	D	-0.33%
MHK	D	-0.32%
LITE	B	-0.31%
VITL	D	-0.31%
COHR	B	-0.31%
FMC	D	-0.31%
CXW	B	-0.3%
SUM	B	-0.3%
LEU	C	-0.3%
YOU	D	-0.29%
PODD	C	-0.29%
NVT	B	-0.29%
ZIM	C	-0.28%
BNTX	D	-0.28%
KNX	B	-0.28%
OLED	D	-0.28%
AA	B	-0.28%
NOVT	D	-0.28%
IIPR	D	-0.27%
CMC	B	-0.27%
DOCN	D	-0.27%
LNW	D	-0.27%
GTLS	B	-0.26%
JAZZ	B	-0.26%
WERN	C	-0.26%
SMG	D	-0.25%
STWD	C	-0.25%
PCT	C	-0.24%
GBX	A	-0.24%
OII	B	-0.24%
SQ	B	-0.23%
BXMT	C	-0.23%
MP	B	-0.22%
ENS	D	-0.22%
FNKO	D	-0.22%
GFF	A	-0.21%
NET	B	-0.21%
SEE	C	-0.21%
TWST	D	-0.18%
CLSK	C	-0.17%
RYN	D	-0.17%
UEC	B	-0.16%
GRFS	C	-0.15%
WULF	C	-0.14%
IRDM	D	-0.14%
IREN	C	-0.13%
GNTX	C	-0.11%
RIOT	C	-0.1%
CIFR	B	-0.1%
BTBT	C	-0.1%
CNM	D	-0.08%
OSK	B	-0.08%
APLD	A	-0.08%
BC	C	-0.08%
X	C	-0.08%
WMS	D	-0.07%
ALG	B	-0.06%
SBLK	F	-0.05%
TEX	D	-0.04%
MARA	C	-0.03%
CHX	C	-0.03%
PFE	D	--0.07%
EQNR	D	--0.11%
BUD	F	--0.12%
ANSS	B	--0.14%
HRL	D	--0.17%
CSGP	D	--0.22%
XYL	D	--0.23%
KHC	F	--0.23%
NUE	C	--0.25%
ADM	D	--0.26%
DEO	F	--0.26%
RPRX	D	--0.31%
BIIB	F	--0.33%
DG	F	--0.38%
GSK	F	--0.4%
NVO	D	--0.4%
FMX	F	--0.41%
DVN	F	--0.44%
OXY	D	--0.45%
BP	D	--0.47%
SLB	C	--0.47%
DOW	F	--0.5%
IDXX	F	--0.5%
PPG	F	--0.55%
LULU	C	--0.59%
LYB	F	--0.59%
HES	B	--0.61%
HSY	F	--0.61%
STZ	D	--0.72%
CNI	D	--0.93%