TVAL vs. UPRO ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF (TVAL) to ProShares UltraPro S&P 500 (UPRO)

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

UPRO

ProShares UltraPro S&P 500

UPRO Description

The investment seeks daily investment results, before fees and expenses, that correspond to three times (3x) the daily performance of the S&P 500®. The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as three times (3x) the daily return of the index. The index is a measure of large-cap U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 500 U.S. operating companies and real estate investment trusts selected through a process. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$93.94

Average Daily Volume

3,719,101

Number of Holdings ^*

499

* may have additional holdings in another (foreign) market

Performance

Period	TVAL	UPRO
30 Days	2.98%	7.77%
60 Days	4.22%	11.23%
90 Days	5.88%	15.12%
12 Months	29.14%	96.42%

133 Overlapping Holdings

Symbol	Grade	Weight in TVAL	Weight in UPRO	Overlap
A	D	0.33%	0.04%	0.04%
ABBV	D	0.36%	0.3%	0.3%
ACN	C	0.7%	0.23%	0.23%
ADI	D	0.35%	0.11%	0.11%
AEE	A	0.65%	0.03%	0.03%
AIG	B	0.87%	0.05%	0.05%
ALL	A	0.39%	0.05%	0.05%
AMAT	F	0.38%	0.15%	0.15%
AMD	F	0.22%	0.23%	0.22%
AME	A	0.31%	0.05%	0.05%
AVB	B	1.22%	0.03%	0.03%
AVY	D	0.19%	0.02%	0.02%
AXP	A	0.26%	0.17%	0.17%
AZO	C	0.52%	0.05%	0.05%
BA	F	0.56%	0.11%	0.11%
BAC	A	1.89%	0.33%	0.33%
BAX	D	0.5%	0.02%	0.02%
BDX	F	1.01%	0.07%	0.07%
BKR	B	0.35%	0.04%	0.04%
BLK	C	0.43%	0.15%	0.15%
C	A	0.81%	0.14%	0.14%
CAG	D	0.4%	0.01%	0.01%
CARR	D	0.27%	0.07%	0.07%
CAT	B	0.3%	0.19%	0.19%
CB	C	2.23%	0.11%	0.11%
CDW	F	0.25%	0.02%	0.02%
CF	B	0.52%	0.02%	0.02%
CI	F	0.87%	0.09%	0.09%
CL	D	0.84%	0.08%	0.08%
CMCSA	B	0.46%	0.17%	0.17%
CME	A	0.23%	0.08%	0.08%
CMI	A	1.09%	0.05%	0.05%
COF	B	0.33%	0.07%	0.07%
COP	C	1.25%	0.14%	0.14%
CPAY	A	0.42%	0.03%	0.03%
CSX	B	0.49%	0.07%	0.07%
CVS	D	0.23%	0.07%	0.07%
CVX	A	0.73%	0.29%	0.29%
D	C	0.55%	0.05%	0.05%
DHR	F	0.65%	0.15%	0.15%
DIS	B	0.2%	0.22%	0.2%
DTE	C	0.17%	0.03%	0.03%
EFX	F	0.33%	0.03%	0.03%
ELV	F	1.81%	0.1%	0.1%
EOG	A	0.82%	0.08%	0.08%
EQIX	A	0.16%	0.09%	0.09%
EQT	B	0.46%	0.03%	0.03%
FANG	D	0.43%	0.03%	0.03%
FI	A	1.53%	0.13%	0.13%
FITB	A	0.77%	0.03%	0.03%
GE	D	1.21%	0.2%	0.2%
GEV	B	0.7%	0.09%	0.09%
GOOG	C	0.95%	0.87%	0.87%
HAL	C	0.22%	0.03%	0.03%
HBAN	A	0.45%	0.03%	0.03%
HCA	F	0.45%	0.07%	0.07%
HD	A	0.63%	0.42%	0.42%
HIG	B	1.96%	0.04%	0.04%
HON	B	0.68%	0.16%	0.16%
HUBB	B	0.7%	0.02%	0.02%
HWM	A	0.48%	0.05%	0.05%
IP	B	0.64%	0.02%	0.02%
JNJ	D	1.82%	0.39%	0.39%
JPM	A	1.23%	0.73%	0.73%
KDP	D	0.4%	0.03%	0.03%
KEYS	A	0.35%	0.03%	0.03%
KMB	D	0.66%	0.05%	0.05%
KO	D	0.72%	0.25%	0.25%
KVUE	A	1.49%	0.05%	0.05%
LEN	D	0.42%	0.04%	0.04%
LHX	C	1.36%	0.05%	0.05%
LIN	D	0.73%	0.23%	0.23%
LLY	F	1.19%	0.61%	0.61%
LVS	C	0.41%	0.02%	0.02%
MAR	B	0.47%	0.07%	0.07%
MCD	D	0.46%	0.22%	0.22%
MCHP	D	0.27%	0.04%	0.04%
MCK	B	0.8%	0.08%	0.08%
MDLZ	F	0.43%	0.09%	0.09%
MET	A	0.22%	0.05%	0.05%
META	D	0.87%	1.26%	0.87%
MGM	D	0.24%	0.01%	0.01%
MMC	B	0.67%	0.11%	0.11%
MOH	F	0.28%	0.02%	0.02%
MRK	F	0.8%	0.25%	0.25%
MS	A	0.56%	0.17%	0.17%
MSFT	F	0.65%	3.22%	0.65%
MSI	B	0.34%	0.09%	0.09%
MU	D	0.45%	0.11%	0.11%
NEE	D	0.59%	0.16%	0.16%
NSC	B	0.74%	0.06%	0.06%
NWSA	B	0.75%	0.01%	0.01%
OTIS	C	0.3%	0.04%	0.04%
PG	A	0.72%	0.42%	0.42%
PGR	A	0.48%	0.16%	0.16%
PLD	D	0.34%	0.11%	0.11%
PM	B	1.41%	0.21%	0.21%
PSA	D	0.44%	0.05%	0.05%
QCOM	F	1.08%	0.19%	0.19%
REGN	F	0.42%	0.08%	0.08%
ROK	B	0.52%	0.03%	0.03%
ROP	B	0.29%	0.06%	0.06%
RSG	A	0.62%	0.04%	0.04%
SCHW	B	0.89%	0.13%	0.13%
SO	D	1.67%	0.1%	0.1%
SPGI	C	0.26%	0.17%	0.17%
SRE	A	0.68%	0.06%	0.06%
STLD	B	0.32%	0.02%	0.02%
SWK	D	1.1%	0.01%	0.01%
TDG	D	0.46%	0.07%	0.07%
TJX	A	0.29%	0.14%	0.14%
TMO	F	1.12%	0.2%	0.2%
TMUS	B	0.88%	0.12%	0.12%
TT	A	0.31%	0.1%	0.1%
TXN	C	0.7%	0.19%	0.19%
UAL	A	0.31%	0.03%	0.03%
UNH	C	1.9%	0.57%	0.57%
UNP	C	0.42%	0.15%	0.15%
UPS	C	0.28%	0.1%	0.1%
USB	A	0.56%	0.08%	0.08%
VMC	B	0.22%	0.04%	0.04%
VRTX	F	0.29%	0.13%	0.13%
VST	B	0.74%	0.05%	0.05%
VZ	C	0.58%	0.18%	0.18%
WDC	D	0.6%	0.02%	0.02%
WFC	A	1.77%	0.26%	0.26%
WMB	A	0.46%	0.07%	0.07%
WMT	A	1.89%	0.38%	0.38%
WY	D	0.88%	0.02%	0.02%
XOM	B	2.56%	0.55%	0.55%
YUM	B	0.36%	0.04%	0.04%
ZBH	C	0.85%	0.02%	0.02%
ZTS	D	0.23%	0.08%	0.08%

TVAL Overweight 11 Positions Relative to UPRO

Symbol	Grade	Weight
EQH	B	1.0%
TTE	F	0.7%
RPM	A	0.52%
REXR	F	0.48%
AZN	D	0.47%
APO	B	0.46%
ARES	A	0.45%
LAMR	D	0.4%
TSM	B	0.39%
BHP	F	0.2%
SNY	F	0.19%

TVAL Underweight 366 Positions Relative to UPRO

Symbol	Grade	Weight
NVDA	C	-3.64%
AAPL	C	-3.57%
AMZN	C	-1.97%
GOOGL	C	-1.05%
TSLA	B	-0.93%
BRK.A	B	-0.9%
AVGO	D	-0.8%
V	A	-0.54%
MA	C	-0.45%
COST	B	-0.42%
NFLX	A	-0.37%
CRM	B	-0.33%
ORCL	B	-0.31%
CSCO	B	-0.24%
PEP	F	-0.23%
ADBE	C	-0.23%
NOW	A	-0.22%
ABT	B	-0.21%
GS	A	-0.2%
IBM	C	-0.2%
INTU	C	-0.2%
ISRG	A	-0.19%
T	A	-0.17%
BKNG	A	-0.17%
AMGN	D	-0.16%
LOW	D	-0.16%
UBER	D	-0.16%
RTX	C	-0.16%
PFE	D	-0.15%
ETN	A	-0.15%
BX	A	-0.14%
PLTR	B	-0.14%
SYK	C	-0.14%
ADP	B	-0.13%
PANW	C	-0.13%
BSX	B	-0.13%
SBUX	A	-0.12%
MDT	D	-0.12%
LMT	D	-0.12%
BMY	B	-0.12%
KKR	A	-0.11%
DE	A	-0.11%
INTC	D	-0.11%
GILD	C	-0.11%
LRCX	F	-0.1%
AMT	D	-0.1%
NKE	D	-0.1%
MO	A	-0.1%
ANET	C	-0.1%
PNC	B	-0.09%
AON	A	-0.09%
KLAC	D	-0.09%
APH	A	-0.09%
DUK	C	-0.09%
PYPL	B	-0.09%
SHW	A	-0.09%
ICE	C	-0.09%
PH	A	-0.09%
EMR	A	-0.08%
ITW	B	-0.08%
CTAS	B	-0.08%
MCO	B	-0.08%
GD	F	-0.08%
CRWD	B	-0.08%
WELL	A	-0.08%
WM	A	-0.08%
CDNS	B	-0.08%
SNPS	B	-0.08%
CMG	B	-0.08%
TFC	A	-0.07%
GM	B	-0.07%
OKE	A	-0.07%
ADSK	A	-0.07%
AJG	B	-0.07%
FDX	B	-0.07%
NOC	D	-0.07%
CEG	D	-0.07%
APD	A	-0.07%
TGT	F	-0.07%
ORLY	B	-0.07%
MMM	D	-0.07%
RCL	A	-0.06%
PSX	C	-0.06%
AMP	A	-0.06%
NXPI	D	-0.06%
SPG	B	-0.06%
DLR	B	-0.06%
URI	B	-0.06%
AFL	B	-0.06%
JCI	C	-0.06%
FICO	B	-0.06%
BK	A	-0.06%
ABNB	C	-0.06%
PCAR	B	-0.06%
TRV	B	-0.06%
FTNT	C	-0.06%
HLT	A	-0.06%
SLB	C	-0.06%
FCX	D	-0.06%
ECL	D	-0.06%
DFS	B	-0.05%
PEG	A	-0.05%
VLO	C	-0.05%
PCG	A	-0.05%
CCI	D	-0.05%
PRU	A	-0.05%
PAYX	C	-0.05%
FAST	B	-0.05%
ROST	C	-0.05%
MSCI	C	-0.05%
NEM	D	-0.05%
PWR	A	-0.05%
DHI	D	-0.05%
FIS	C	-0.05%
O	D	-0.05%
CPRT	A	-0.05%
AEP	D	-0.05%
GWW	B	-0.05%
MPC	D	-0.05%
KMI	A	-0.05%
OXY	D	-0.04%
IRM	D	-0.04%
WAB	B	-0.04%
DD	D	-0.04%
RMD	C	-0.04%
IDXX	F	-0.04%
EXR	D	-0.04%
NUE	C	-0.04%
NVR	D	-0.04%
GIS	D	-0.04%
MLM	B	-0.04%
GLW	B	-0.04%
MTB	A	-0.04%
HPQ	B	-0.04%
MNST	C	-0.04%
LULU	C	-0.04%
SYY	B	-0.04%
STZ	D	-0.04%
GEHC	F	-0.04%
CHTR	C	-0.04%
DELL	C	-0.04%
ACGL	D	-0.04%
CTVA	C	-0.04%
CTSH	B	-0.04%
KR	B	-0.04%
XEL	A	-0.04%
EA	A	-0.04%
EXC	C	-0.04%
CBRE	B	-0.04%
VRSK	A	-0.04%
HES	B	-0.04%
IT	C	-0.04%
ODFL	B	-0.04%
EW	C	-0.04%
DAL	C	-0.04%
IR	B	-0.04%
COR	B	-0.04%
TRGP	B	-0.04%
F	C	-0.04%
AXON	A	-0.04%
DVN	F	-0.03%
NTAP	C	-0.03%
RF	A	-0.03%
CCL	B	-0.03%
MTD	D	-0.03%
PPL	B	-0.03%
EQR	B	-0.03%
HSY	F	-0.03%
TYL	B	-0.03%
VLTO	D	-0.03%
SW	A	-0.03%
ADM	D	-0.03%
SYF	B	-0.03%
GDDY	A	-0.03%
BRO	B	-0.03%
AWK	D	-0.03%
VTR	C	-0.03%
FTV	C	-0.03%
TROW	B	-0.03%
CHD	B	-0.03%
BR	A	-0.03%
PHM	D	-0.03%
DECK	A	-0.03%
HPE	B	-0.03%
KHC	F	-0.03%
DOV	A	-0.03%
ON	D	-0.03%
MPWR	F	-0.03%
STT	A	-0.03%
PPG	F	-0.03%
CAH	B	-0.03%
ANSS	B	-0.03%
TTWO	A	-0.03%
CSGP	D	-0.03%
GPN	B	-0.03%
XYL	D	-0.03%
TSCO	D	-0.03%
RJF	A	-0.03%
EBAY	D	-0.03%
CNC	D	-0.03%
DXCM	D	-0.03%
DOW	F	-0.03%
WEC	A	-0.03%
WTW	B	-0.03%
ETR	B	-0.03%
GRMN	B	-0.03%
EIX	B	-0.03%
NDAQ	A	-0.03%
VICI	C	-0.03%
HUM	C	-0.03%
ED	D	-0.03%
IQV	D	-0.03%
JBL	B	-0.02%
EVRG	A	-0.02%
DOC	D	-0.02%
AMCR	D	-0.02%
JBHT	C	-0.02%
EL	F	-0.02%
L	A	-0.02%
DPZ	C	-0.02%
VRSN	F	-0.02%
VTRS	A	-0.02%
LNT	A	-0.02%
ALGN	D	-0.02%
TXT	D	-0.02%
MRO	B	-0.02%
EG	C	-0.02%
GEN	B	-0.02%
NI	A	-0.02%
ARE	D	-0.02%
DG	F	-0.02%
TER	D	-0.02%
KIM	A	-0.02%
EXPD	D	-0.02%
GPC	D	-0.02%
IEX	B	-0.02%
MAS	D	-0.02%
TRMB	B	-0.02%
J	F	-0.02%
PNR	A	-0.02%
ULTA	F	-0.02%
KEY	B	-0.02%
DGX	A	-0.02%
BBY	D	-0.02%
WRB	A	-0.02%
HOLX	D	-0.02%
PFG	D	-0.02%
PODD	C	-0.02%
FDS	B	-0.02%
TSN	B	-0.02%
BALL	D	-0.02%
MAA	B	-0.02%
SNA	A	-0.02%
MKC	D	-0.02%
CTRA	B	-0.02%
OMC	C	-0.02%
NRG	B	-0.02%
ESS	B	-0.02%
INVH	D	-0.02%
LUV	C	-0.02%
ZBRA	B	-0.02%
DRI	B	-0.02%
LH	C	-0.02%
CNP	B	-0.02%
LYV	A	-0.02%
STX	D	-0.02%
CMS	C	-0.02%
FSLR	F	-0.02%
WBD	C	-0.02%
BLDR	D	-0.02%
CLX	B	-0.02%
CFG	B	-0.02%
CBOE	B	-0.02%
PKG	A	-0.02%
FE	C	-0.02%
LYB	F	-0.02%
K	A	-0.02%
NTRS	A	-0.02%
WAT	B	-0.02%
STE	F	-0.02%
LDOS	C	-0.02%
IFF	D	-0.02%
ES	D	-0.02%
TDY	B	-0.02%
EXPE	B	-0.02%
ATO	A	-0.02%
PTC	A	-0.02%
WST	C	-0.02%
BIIB	F	-0.02%
SBAC	D	-0.02%
CINF	A	-0.02%
FOX	A	-0.01%
WBA	F	-0.01%
QRVO	F	-0.01%
PARA	C	-0.01%
BEN	C	-0.01%
FMC	D	-0.01%
MHK	D	-0.01%
DVA	B	-0.01%
HII	D	-0.01%
BWA	D	-0.01%
MTCH	D	-0.01%
IVZ	B	-0.01%
CZR	F	-0.01%
ENPH	F	-0.01%
CE	F	-0.01%
HAS	D	-0.01%
RL	B	-0.01%
APA	D	-0.01%
MOS	F	-0.01%
FRT	B	-0.01%
HRL	D	-0.01%
WYNN	D	-0.01%
CPB	D	-0.01%
AOS	F	-0.01%
HSIC	B	-0.01%
TFX	F	-0.01%
SOLV	C	-0.01%
SMCI	F	-0.01%
CRL	C	-0.01%
GL	B	-0.01%
AES	F	-0.01%
LKQ	D	-0.01%
MKTX	D	-0.01%
IPG	D	-0.01%
FOXA	B	-0.01%
ERIE	D	-0.01%
PNW	B	-0.01%
TECH	D	-0.01%
CTLT	B	-0.01%
LW	C	-0.01%
PAYC	B	-0.01%
TAP	C	-0.01%
GNRC	B	-0.01%
AIZ	A	-0.01%
BXP	D	-0.01%
SJM	D	-0.01%
NCLH	B	-0.01%
DAY	B	-0.01%
EMN	D	-0.01%
JNPR	F	-0.01%
REG	B	-0.01%
ALLE	D	-0.01%
HST	C	-0.01%
INCY	C	-0.01%
UHS	D	-0.01%
KMX	B	-0.01%
ALB	C	-0.01%
MRNA	F	-0.01%
JKHY	D	-0.01%
CPT	B	-0.01%
BG	F	-0.01%
DLTR	F	-0.01%
CHRW	C	-0.01%
TPR	B	-0.01%
AKAM	D	-0.01%
UDR	B	-0.01%
SWKS	F	-0.01%
EPAM	C	-0.01%
RVTY	F	-0.01%
POOL	C	-0.01%
NDSN	B	-0.01%
APTV	D	-0.01%
ROL	B	-0.01%
FFIV	B	-0.01%
NWS	B	-0.0%