Shareholder Report | 12 Months Ended |
Dec. 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 | Dec. 31, 2024 |
C000217972 | |
Shareholder Report [Line Items] | |
Fund Name | Equity Income ETF |
Trading Symbol | TEQI |
Security Exchange Name | NYSE |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about Equity Income ETF (the "fund") for the period of January 1, 2024 to December 31, 2024. |
Shareholder Report Annual or Semi-Annual | Annual Shareholder Report |
Additional Information [Text Block] | You can find the fund’s 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 |
Material Fund Change Notice [Text Block] | This report describes changes to the fund that occurred during the reporting period. |
Additional Information Phone Number | 1-800-638-5660 |
Additional Information Email | info@troweprice.com</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;">info@troweprice.com</span> |
Additional Information Website | www.troweprice.com/prospectus |
Expenses [Text Block] | What were the fund costs for the last year Fund name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Equity Income ETF $58 0.54% |
Expenses Paid, Amount | $ 58 |
Expense Ratio, Percent | 0.54% |
Factors Affecting Performance [Text Block] | What drove fund performance during the past 12 months? U.S. stocks advanced in 2024, buoyed by generally favorable earnings and continuing artificial intelligence interest. Despite inflation exceeding the Federal Reserve’s 2% target, the central bank began cutting rates in September as the labor market eased. Stocks rallied after the U.S. elections in November as investors expected President-elect Donald Trump's policies to support corporate profits, though volatility rose over concerns about his tariff and tax plans. Versus the Russell 1000 Value Index, stock selection in materials led contributors to relative performance. Shares of International Paper fluctuated early on takeover rumors but rose after Andrew Silvernail became CEO in May. Later, investor optimism grew as Silvernail's efficiency and profitability strategy progressed. Shares further advanced after the company cleared some regulatory hurdles for its DS Smith acquisition. Stock choices in consumer staples added value, particularly Philip Morris International. In contrast, stock selection in health care detracted substantially from relative performance. Elevance Health shares lagged amid Medicaid margin pressures from eligibility redeterminations. In October, the stock dropped sharply after a worse-than-expected medical loss ratio report. Management also cut guidance, citing ongoing Medicaid challenges and higher utilization expectations for the next quarter. In industrials and business services, stock choices and an underweight exposure hurt, driven by Stanley Black & Decker. The fund is actively managed and seeks substantial dividend income and capital growth by investing in the dividend-paying stocks of established companies that appear undervalued. Notable changes in absolute positioning during the period included increased exposure to consumer staples and a lower allocation to communication services and consumer discretionary. |
Line Graph [Table Text Block] | Fund (Based on Net Asset Value) Regulatory Benchmark Strategy Benchmark 8/4/20 10,000 10,000 10,000 9/30/20 9,830 10,206 10,078 12/31/20 11,901 11,705 11,716 3/31/21 13,479 12,448 13,034 6/30/21 14,107 13,473 13,713 9/30/21 13,959 13,460 13,606 12/31/21 15,026 14,708 14,663 3/31/22 15,431 13,932 14,555 6/30/22 13,795 11,605 12,778 9/30/22 12,913 11,087 12,060 12/31/22 14,538 11,883 13,558 3/31/23 14,384 12,737 13,694 6/30/23 14,856 13,805 14,252 9/30/23 14,437 13,356 13,801 12/31/23 15,932 14,968 15,112 3/31/24 17,368 16,467 16,470 6/30/24 17,280 16,997 16,113 9/30/24 18,481 18,056 17,633 12/31/24 18,007 18,531 17,283 |
Average Annual Return [Table Text Block] | Fund 1 Year Since Inception 8/4/20 Equity Income ETF (Based on Net Asset Value) 13.03 % 14.28 % Russell 3000 Index (Regulatory Benchmark) 23.81 % 15.02 % Russell 1000 Value Index (Strategy Benchmark) 14.37 % 13.22 % |
Performance Inception Date | Aug. 04, 2020 |
AssetsNet | $ 263,799,000 |
Holdings Count | Holding | 123 |
Advisory Fees Paid, Amount | $ 1,055 |
InvestmentCompanyPortfolioTurnover | 19.60% |
Additional Fund Statistics [Text Block] | What are some fund statistics? Fund Statistics Total Net Assets (000s) $263,799 Number of Portfolio Holdings 123 Investment Advisory Fees Paid (000s) $1,055 Portfolio Turnover Rate 19.6% |
Holdings [Text Block] | Sector Allocation Financials 24.0 % Health Care 15.5 Industrials & Business Services 12.0 Energy 9.2 Consumer Staples 9.0 Information Technology 8.9 Utilities 6.4 Communication Services 4.0 Real Estate 4.0 Other 7.0 |
Largest Holdings [Text Block] | Top Ten Holdings Wells Fargo 2.3 % MetLife 2.1 Chubb 2.1 Southern 2.0 American International Group 1.9 GE Aerospace 1.9 QUALCOMM 1.8 Philip Morris International 1.8 Elevance Health 1.8 Charles Schwab 1.8 |
Material Fund Change [Text Block] | How has the fund changed? This is a summary of certain material changes to Equity Income ETF. Effective March 1, 2025, the fund will normally invest at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities with a track record of paying dividends. The fund’s March 1, 2025 prospectus contains more information. |
Material Fund Change Strategies [Text Block] | Effective March 1, 2025, the fund will normally invest at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities with a track record of paying dividends. The fund’s March 1, 2025 prospectus contains more information. |
Summary of Change Legend [Text Block] | This is a summary of certain material changes to Equity Income ETF. |