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Launched

T. Rowe Price Value ETF

TVALNYSE ArcaT. Rowe PriceA

$43.64−0.04 (−0.09%)

At close: Nov 2, 2026, 4:00 PM ET

A72/ 100

Rank 2 of 8 in US Active Contrarian Value

A72/100Rank 2 of 8inUS Active Contrarian Value
Intraday session: down, 79 prints from 43.68 to 43.64. Range 43.64 to 43.99. Use the arrow keys to read each point.43.8043.9044.0010 AM12 PM2 PM4 PM
Expense ratio
0.33%
Fund size
$1.12B
1Y total return
+28.7%
Yield · Last 12 months
0.93%
Holdings
142
Avg volume · 30D
102K sh
52W range
low $33.56high $44.12
Launched

The ETF.net TVAL Grade

Based on 5 of 6 pillars

A

Score 72 out of 100

Category
US Active Contrarian Value⁠
Rank
2 of 8
Six-pillar profile for TVAL. Scores out of 100: Cost 81, Risk 71, Mission not scored, Tradability 56, Holdings 74, Durability 66. Strongest: Cost (81). Weakest: Tradability (56). Based on 5 of 6 pillars.

Score 72 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A81 out of 100
    Rank 2 of 8

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A71 out of 100
    Rank 1 of 8

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B56 out of 100
    Rank 3 of 8

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A74 out of 100
    Rank 1 of 7

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B66 out of 100
    Rank 2 of 8

Our read on TVAL

ETF.net Research

In short

AT. Rowe Price's value discipline in an ETF wrapper since 2023: roughly 150 hand-picked large-cap names judged undervalued on multiple financial measures, benchmarked to the Russell 1000 Value, at about half the fee of the typical active equity ETF.

Stated mandate

The fund seeks long-term capital appreciation through an actively managed portfolio primarily invested in common stocks.

Why people hold it

  • 0.33% a year, roughly half the median for active US equity ETFs. Real stock picking without the classic active price tag.troweprice.com
  • Genuine conviction, not closet indexing: about 150 large-cap, value-oriented stocks chosen by fundamental research, measured against the Russell 1000 Value.troweprice.com
  • Sits in the top tier of a peer group of hundreds of active US equity ETFs, one of the stronger all-round builds in a crowded aisle.

Worth knowing

  • Cheap for an active fund, not cheap outright. Systematic peers like DFAU (0.12%) and AVLC (0.15%) cover US equity for less than half the cost.
  • Launched in 2023, so the ETF's own record is short next to the long-running value funds it competes with.troweprice.com
  • Built for long-term capital growth, not a paycheck: distributions are annual, and the fund discloses that part of a payout can be return of capital.

TVAL Performance

Launched Jun 14, 2023

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.
TVAL$12,873
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. TVAL $12,873. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000$13,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for TVAL. Periods over one year show the average yearly return.
PeriodTVAL
Year to date+24.0%
1 month+4.0%
3 months+2.5%
1 year+28.7%
3 yearsper year+22.9%
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for TVAL
YearReturn barTVAL
2026 YTD+24.0%
2025+15.6%
2024+14.5%
2023+8.3%

History from Jun 16, 2023

TVAL in the news

TVAL Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
0.93%Last 12 months
Payout per share
$0.41Last 12 months
Last payment
$0.41 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2023–2026

One bar per payment. 3 payments from 2023 to 2026 YTD. Dec 20, 2023 $0.17; Dec 23, 2024 $0.36; Dec 23, 2025 $0.41. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Dec 23, 2025Dec 26, 2025$0.41
Dec 23, 2024Dec 26, 2024$0.36
Dec 20, 2023Dec 26, 2023$0.17

$10,000 in TVAL 3 years ago paid $374 in dividends.

TVAL Risk

Risk pillarA71 out of 100Rank 1 of 8 in US Active Contrarian Value
How much the fund’s monthly returns vary, scaled to a year.
11.8%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.44
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−14.8%
40 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.80
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

TVAL Cost

Compare TVAL and DFAL

Overpaying vs DFAL, cheapest in US Active Contrarian Value

$4,217

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • TVAL 0.33%

    $6,737

  • DFAL 0.12% Cheapest

    $2,520

$10,000
30 years

Cost over time

  • TVAL 0.33%
  • DFAL 0.12%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530TVAL $6,737DFAL $2,520

Year by year

YearTVALDFALOverpaying
10$598$220$378
20$2,318$859$1,459
30$6,737$2,520$4,217

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