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ETFs

T. Rowe Price Small-Mid Cap ETF

TMSL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 14 2023
Expense Ratio
0.55%
Type
US Equities
Fund Owner
T. Rowe Price
Volume (1m avg. daily)
$121,058
AUM
$41,854,000
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

FTI
TechnipFMC plc
1.89%
NWS
News Corp - Ordinary Shares - Class B
1.44%
TXT
Textron Inc.
1.44%
FLT
Fleetcor Technologies Inc
1.37%
SEM
Select Medical Holdings Corporation
1.32%
SWK
Stanley Black & Decker Inc
1.27%
WDC
Western Digital Corp.
1.18%
DT
Dynatrace Inc
0.92%
TDW
Tidewater Inc. - Ordinary Shares - New
0.90%
ZS
Zscaler Inc
0.80%
Invest with TMSL

What is TMSL?

The fund primarily invests in a broadly diversified portfolio of small- and mid-cap U.S. stocks. The fund may select stocks with either growth or value characteristics, subject to overall risk controls and desired portfolio characteristics, by using a bottom up approach of individual security analysis hat focuses more on evaluations of individual stocks than on analysis of overall economic trends and market cycles. The fund's adviser analyzes various metrics, such as returns on equity, capital expenditure, projected growth rates, and price-to-earnings, price-to-cash flows, and price-to-book ratios. Stocks are also evaluated on relative valuation, profitability, stability, earnings quality, management capital allocation actions, and indicators of near-term appreciation potential when compared with other stocks within the relevant investing universe.

ETFs related toTMSL

ETFs correlated to TMSL include BBMC, SCHM, JHMM

TMSL
T. Rowe Price ExchangeTraded Funds Inc - T. Rowe Price Small-Mid Cap ETF
BBMC
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
SCHM
Schwab Strategic Trust - Schwab U.S. Mid-Cap ETF
JHMM
John Hancock Investment Management LLC - John Hancock Multifactor Mid Cap ETF
IWR
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap ETF
VB
Vanguard Group, Inc. - Vanguard Small Cap ETF
IVOO
Vanguard Group, Inc. - Vanguard S&P Mid-Cap 400 ETF
MIDU
Direxion Shares ETF Trust - Direxion Daily Mid Cap Bull 3x Shares
SPMD
SPDR Series Trust - SPDR Portfolio S&P 400 Mid Cap ETF
IJH
BlackRock Institutional Trust Company N.A. - iShares Core S&P Mid-Cap ETF
MDY
State Street Global Advisors - S&P MidCap 400 ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toTMSL

#PTAC

Pick the Trending Asset Class

Category

Momentum, Tactical Asset Allocation, Be Risk Aware, Ride the Momentum

Risk Rating

Moderate

#EMH

Emerging Markets with a Bond Hedge

Category

Momentum, Be Risk Aware, Diversification

Risk Rating

Aggressive

Create your own algorithmic trading strategy with TMSL using Composer

FAQ

TMSL is a US Equities ETF. The fund primarily invests in a broadly diversified portfolio of small- and mid-cap U.S. stocks. The fund may select stocks with either growth or value characteristics, subject to overall risk controls and desired portfolio characteristics, by using a bottom up approach of individual security analysis hat focuses more on evaluations of individual stocks than on analysis of overall economic trends and market cycles. The fund's adviser analyzes various metrics, such as returns on equity, capital expenditure, projected growth rates, and price-to-earnings, price-to-cash flows, and price-to-book ratios. Stocks are also evaluated on relative valuation, profitability, stability, earnings quality, management capital allocation actions, and indicators of near-term appreciation potential when compared with other stocks within the relevant investing universe.

Yes, TMSL is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, TMSL is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on TMSL is -0.014%. This is the percent change in the value of TMSL over the most recent 1-month period. The 3-month return on TMSL is 0.0001%. This is the percent change in the value of TMSL over the most recent 3-month period.

ETFs similar to TMSL include IVV, VTI, and IJR.

ETFs correlated to TMSL include BBMC, SCHM, and JHMM.

ETFs that are inversely correlated to TMSL include RWM, TWM, and TZA.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.