TVAL vs. XLG ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF (TVAL) to Guggenheim Russell Top 50 Mega Cap ETF (XLG)

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

XLG

Guggenheim Russell Top 50 Mega Cap ETF

XLG Description

The investment seeks to replicate as closely as possible, before fees and expenses, the daily performance of the Russell Top 50Â® Mega Cap Index Total Return. The fund invests at least 90% of its net assets, plus any borrowings for investment purposes, in the equity securities included in the underlying index. The underlying index is an unmanaged equal-weighted version comprised of the 50 largest companies in the Russell 3000Â® Index, which is an unmanaged capitalization-weighted index that offers investors access to the broad U.S. equity universe representing approximately 98% of the U.S. equity market. It is non-diversified.

Grade (RS Rating)

Last Trade

$49.12

Average Daily Volume

1,068,642

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TVAL	XLG
30 Days	2.98%	2.46%
60 Days	4.22%	4.27%
90 Days	5.88%	5.40%
12 Months	29.14%	34.87%

33 Overlapping Holdings

Symbol	Grade	Weight in TVAL	Weight in XLG	Overlap
ABBV	D	0.36%	0.99%	0.36%
ACN	C	0.7%	0.76%	0.7%
AMAT	F	0.38%	0.48%	0.38%
AMD	F	0.22%	0.74%	0.22%
BAC	A	1.89%	1.08%	1.08%
CAT	B	0.3%	0.63%	0.3%
CMCSA	B	0.46%	0.56%	0.46%
CVX	A	0.73%	0.94%	0.73%
DHR	F	0.65%	0.51%	0.51%
DIS	B	0.2%	0.71%	0.2%
GE	D	1.21%	0.65%	0.65%
GOOG	C	0.95%	2.85%	0.95%
HD	A	0.63%	1.38%	0.63%
JNJ	D	1.82%	1.26%	1.26%
JPM	A	1.23%	2.38%	1.23%
KO	D	0.72%	0.82%	0.72%
LIN	D	0.73%	0.74%	0.73%
LLY	F	1.19%	2.01%	1.19%
MCD	D	0.46%	0.72%	0.46%
META	D	0.87%	4.13%	0.87%
MRK	F	0.8%	0.83%	0.8%
MSFT	F	0.65%	10.53%	0.65%
NEE	D	0.59%	0.53%	0.53%
PG	A	0.72%	1.36%	0.72%
PM	B	1.41%	0.68%	0.68%
QCOM	F	1.08%	0.61%	0.61%
TMO	F	1.12%	0.67%	0.67%
TXN	C	0.7%	0.63%	0.63%
UNH	C	1.9%	1.87%	1.87%
VZ	C	0.58%	0.6%	0.58%
WFC	A	1.77%	0.86%	0.86%
WMT	A	1.89%	1.25%	1.25%
XOM	B	2.56%	1.81%	1.81%

TVAL Overweight 111 Positions Relative to XLG

Symbol	Grade	Weight
CB	C	2.23%
HIG	B	1.96%
ELV	F	1.81%
SO	D	1.67%
FI	A	1.53%
KVUE	A	1.49%
LHX	C	1.36%
COP	C	1.25%
AVB	B	1.22%
SWK	D	1.1%
CMI	A	1.09%
BDX	F	1.01%
EQH	B	1.0%
SCHW	B	0.89%
TMUS	B	0.88%
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%
FITB	A	0.77%
NWSA	B	0.75%
VST	B	0.74%
NSC	B	0.74%
HUBB	B	0.7%
GEV	B	0.7%
TTE	F	0.7%
HON	B	0.68%
SRE	A	0.68%
MMC	B	0.67%
KMB	D	0.66%
AEE	A	0.65%
IP	B	0.64%
RSG	A	0.62%
WDC	D	0.6%
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%
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%
EQT	B	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%
REGN	F	0.42%
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%
YUM	B	0.36%
BKR	B	0.35%
KEYS	A	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%
STLD	B	0.32%
UAL	A	0.31%
TT	A	0.31%
AME	A	0.31%
OTIS	C	0.3%
VRTX	F	0.29%
ROP	B	0.29%
TJX	A	0.29%
MOH	F	0.28%
UPS	C	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%
HAL	C	0.22%
VMC	B	0.22%
MET	A	0.22%
BHP	F	0.2%
AVY	D	0.19%
SNY	F	0.19%
DTE	C	0.17%
EQIX	A	0.16%

TVAL Underweight 18 Positions Relative to XLG

Symbol	Grade	Weight
NVDA	C	-11.92%
AAPL	C	-11.67%
AMZN	C	-6.46%
GOOGL	C	-3.45%
TSLA	B	-3.04%
BRK.A	B	-2.94%
AVGO	D	-2.62%
V	A	-1.76%
MA	C	-1.47%
COST	B	-1.37%
NFLX	A	-1.21%
CRM	B	-1.07%
ORCL	B	-1.0%
CSCO	B	-0.79%
ADBE	C	-0.76%
PEP	F	-0.74%
ABT	B	-0.69%
PFE	D	-0.48%