Shareholder Report | 12 Months Ended | 32 Months Ended |
May 31, 2024 USD ($) Holding | May 31, 2024 USD ($) Holding |
Shareholder Report [Line Items] | | |
Document Type | N-CSR | |
Amendment Flag | false | |
Registrant Name | T. Rowe Price Exchange-Traded Funds, Inc. | |
Entity Central Index Key | 0001795351 | |
Entity Investment Company Type | N-1A | |
Document Period End Date | May 31, 2024 | |
C000229339 | | |
Shareholder Report [Line Items] | | |
Fund Name | Total Return ETF | |
Trading Symbol | TOTR | |
Security Exchange Name | NYSE | |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about Total Return ETF ("the fund") for the period of June 1, 2023 to May 31, 2024. | |
Shareholder Report Annual or Semi-Annual | Annual Shareholder Report | |
Additional Information [Text Block] | You can find the funds prospectus, financial information on Form N-CSR (which includes required tax information for dividends), holdings, proxy voting information, and other information at www.troweprice.com/prospectus info troweprice.com | |
Additional Information Phone Number | 1-800-638-5660 | |
Additional Information Email | info@troweprice.com</span>" id="sjs-B19"><span style="box-sizing: border-box; color: rgb(0, 0, 0); display: inline; flex-wrap: nowrap; font-size: 13.3333px; font-weight: 400; grid-area: auto; line-height: 17.3333px; margin: 0px; overflow: visible; text-align: justify; height: auto; max-height: none; min-height: 0px;">info@troweprice.com</span> | |
Additional Information Website | <span style="font-weight: 700; box-sizing: border-box; color: rgb(0, 0, 0); display: inline; flex-wrap: nowrap; font-size: 13.3333px; grid-area: auto; line-height: 17.3333px; margin: 0px; overflow: visible; text-align: justify; height: auto; max-height: none; min-height: 0px;">www.troweprice.com/prospectus</span></span>" id="sjs-B20"><span style="box-sizing: border-box; color: rgb(0, 0, 0); display: inline; flex-wrap: nowrap; font-size: 13.3333px; font-weight: 400; grid-area: auto; line-height: 17.3333px; margin: 0px; overflow: visible; text-align: justify; height: auto; max-height: none; min-height: 0px;"><span style="font-weight: 700; box-sizing: border-box; color: rgb(0, 0, 0); display: inline; flex-wrap: nowrap; font-size: 13.3333px; grid-area: auto; line-height: 17.3333px; margin: 0px; overflow: visible; text-align: justify; height: auto; max-height: none; min-height: 0px;">www.troweprice.com/prospectus</span></span> | |
Expenses [Text Block] | What were the fund costs for the last year? Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Total Return ETF $31 0.31% | |
Expenses Paid, Amount | $ 31 | |
Expense Ratio, Percent | 0.31% | |
Factors Affecting Performance [Text Block] | What drove fund performance during the past 12 months? The U.S. investment-grade fixed income market generated positive results for the 12-month reporting period. Although U.S. Treasury yields generally moved higher, bond investors benefited from higher coupon payments as well as tighter credit spreads amid a resilient economy. Non-benchmark exposure to high yield corporates and bank loans added value relative to the Bloomberg U.S. Aggregate Bond Index. Resilient risk appetite, strong demand for yield, and a supportive fundamental backdrop helped these sectors perform well over the past 12 months. Underweighting U.S. Treasuries also helped as they underperformed other parts of the market. While our corporate bond holdings performed well, underweighting investment-grade corporate bonds weighed on relative performance versus the index as high-grade corporate bonds also generated strong returns. Security selection within agency mortgage-backed securities (MBS) was another headwind. The fund invests in a diversified portfolio of bonds and other debt instruments and is constructed with an aim of being able to respond to a wide variety of market conditions. Over the past 12 months, the fund trimmed its allocation in agency MBS on strength after the sector outperformed in late 2023. As global economic growth improved and financial conditions loosened, we increased the funds total exposure to credit risk over the 12-month period. Overall, the fund held material exposure to derivatives, specifically interest rate derivatives that help the investment team more efficiently manage duration and positioning along the yield curve. The use of derivatives, including interest rate derivatives, had a negative effect on absolute returns. | |
Average Annual Return [Table Text Block] | 1 Year Since Inception 9/28/21 Total Return ETF (Based on Net Asset Value) 1.69 % - % Total Return ETF (At Market Price) 1.82 % - % Bloomberg U.S. Aggregate Bond Index (Regulatory/Strategy Benchmark) 1.31 % -3.71 % | |
Performance Inception Date | | Sep. 28, 2021 |
AssetsNet | $ 113,130,000 | $ 113,130,000 |
Holdings Count | Holding | 871 | 871 |
Advisory Fees Paid, Amount | $ 305,000 | |
InvestmentCompanyPortfolioTurnover | 439.50% | |
Additional Fund Statistics [Text Block] | What are some fund statistics? Fund Statistics Total Net Assets (000s) $113,130 Number of Portfolio Holdings 871 Investment Advisory Fees Paid (000s) $305 Portfolio Turnover Rate 439.5% | |
Holdings [Text Block] | Credit Quality Allocation* U.S. Government Agency Securities 26.6 % U.S. Treasury Securities 18.0 AAA Rated 10.2 AA Rated 6.3 A Rated 5.7 BBB Rated 11.8 BB Rated and Below 16.4 Not Rated 5.2 Reserves - *Credit ratings for the securities held in the Fund are provided by Moody's, Standard & Poor's, and Fitch and are converted to the Standard & Poor's nomenclature. A rating of AAA represents the highest-rated securities, and a rating of D represents the lowest rated securities. If the ratings agencies differ, the highest rating is applied to the security. If a rating is not available, the security is classified as Not Rated. The rating of the underlying investment vehicle is used to determine the creditworthiness of credit default swaps and sovereign securities. The Fund is not rated by any agency. | |
Largest Holdings [Text Block] | Top Ten Holdings Federal National Mortgage Assn. 14.5 % U.S. Treasury Notes 13.1 Government National Mortgage Association 6.6 Federal Home Loan Mortgage Corp. 5.2 U.S. Treasury Bonds 4.2 Invesco Senior Loan ETF 3.0 JP Morgan Mortgage Trust 1.0 Brazil Notas do Tesouro Nacional 0.9 FirstKey Homes Trust 0.7 HPEFS Equipment Trust 0.7 | |
Material Fund Change Name [Text Block] | | |