Label | Element | Value |
---|---|---|
T. Rowe Price International Equity Research ETF | ||
Risk/Return: | rr_RiskReturnAbstract | |
Risk/Return [Heading] | rr_RiskReturnHeading | International Equity Research ETF |
Objective [Heading] | rr_ObjectiveHeading | Investment Objective(s) |
Objective, Primary [Text Block] | rr_ObjectivePrimaryTextBlock | The fund seeks long-term capital appreciation. |
Expense [Heading] | rr_ExpenseHeading | Fees and Expenses |
Expense Narrative [Text Block] | rr_ExpenseNarrativeTextBlock | This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the fund. You may also incur brokerage commissions and other charges when buying or selling shares of the fund, which are not reflected in the table or example below. |
Operating Expenses Caption [Text] | rr_OperatingExpensesCaption | Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment) |
Portfolio Turnover [Heading] | rr_PortfolioTurnoverHeading | Portfolio Turnover |
Portfolio Turnover [Text Block] | rr_PortfolioTurnoverTextBlock | Portfolio Turnover The fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when the fund’s shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the fund’s performance. Because the fund commenced operations on or following the date of this prospectus, there is no portfolio turnover information quoted for the fund. |
Expense Example [Heading] | rr_ExpenseExampleHeading | Example |
Expense Example Narrative [Text Block] | rr_ExpenseExampleNarrativeTextBlock | This example is intended to help you compare the cost of investing in the fund with the cost of investing in other funds. The example assumes that you invest $10,000 in the fund for the time periods indicated and then sell all of your shares at the end of those periods, that your investment has a 5% return each year, and that the fund’s fees and expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: |
Strategy [Heading] | rr_StrategyHeading | Principal Investment Strategies |
Strategy Narrative [Text Block] | rr_StrategyNarrativeTextBlock | The fund normally invests at least 80% of its net assets (plus any borrowings for investments purposes) in equity securities. Any derivatives that provide exposure to the investment focus suggested by the fund’s name, or to one or more market risk factors associated with the investment focus suggested by the fund’s name, are counted (as applicable) toward compliance with the fund’s 80% investment policy. Under normal conditions, the fund primarily invests in stocks outside the U.S. and in at least five countries, including developed and emerging market countries. The fund relies on MSCI Inc., a third-party provider of benchmark indexes and data services, or another unaffiliated data provider to determine the country assigned to a security. The adviser’s decision-making process focuses on bottom-up stock selection with an awareness of the global economic backdrop and the adviser’s outlook for certain industries, sectors, and individual countries. The fund diversifies broadly across a variety of industries. The fund may purchase the stocks of companies of any size, but its focus is typically on large-cap companies. While country allocation is driven largely by stock selection, the adviser may limit investments in markets or industries that appear to have poor overall prospects. The adviser also attempts to create a portfolio with similar characteristics to the MSCI ACWI ex USA Index (Index) with the potential to provide excess returns relative to the Index. The Index gives a representation of equity stocks across both developed and emerging market countries globally, excluding the United States. The Index also gives coverage of large and mid-cap equity stocks across all sectors and style segments.The fund uses a disciplined portfolio construction process whereby it weights each country/region, sector, and industry approximately the same as the Index. Within each country/region, sector, and industry, the weighting of individual fund holdings can vary significantly from their weighting within the Index. The fund attempts to outperform the Index by overweighting those stocks that are viewed favorably relative to their weighting in the Index, and underweighting or avoiding those stocks that are viewed negatively. A portfolio oversight team, which includes the portfolio managers, is responsible for the overall structure of the fund and for developing rules for portfolio construction and seeks to take advantage of T. Rowe Price’s fundamental research by assigning equity analysts to select stocks for the fund within industries where they have focused expertise. At times, the fund may have a significant portion of its assets invested in the same economic sector. |
Risk [Heading] | rr_RiskHeading | Principal Risks |
Bar Chart and Performance Table [Heading] | rr_BarChartAndPerformanceTableHeading | Performance |
Performance Narrative [Text Block] | rr_PerformanceNarrativeTextBlock | Because the fund commenced operations on or following the date of this prospectus, there is no historical performance information shown here. Performance history will be presented after the fund has been in operation for one full calendar year. |
Performance One Year or Less [Text] | rr_PerformanceOneYearOrLess | Because the fund commenced operations on or following the date of this prospectus, there is no historical performance information shown here. Performance history will be presented after the fund has been in operation for one full calendar year. |
Performance Availability Website Address [Text] | rr_PerformanceAvailabilityWebSiteAddress | troweprice.com |
Performance Table Closing [Text Block] | rr_PerformanceTableClosingTextBlock | Current performance information will be available through troweprice.com after the fund has incepted. |
T. Rowe Price International Equity Research ETF | Principal Risks | ||
Risk/Return: | rr_RiskReturnAbstract | |
Risk [Text Block] | rr_RiskTextBlock | Principal Risks As with any fund, there is no guarantee that the fund will achieve its objective(s). The fund’s share price fluctuates, which means you could lose money by investing in the fund. The principal risks of investing in this fund, which may be even greater in bad or uncertain market conditions, are summarized as follows: |
T. Rowe Price International Equity Research ETF | Risk Lose Money [Member] | ||
Risk/Return: | rr_RiskReturnAbstract | |
Risk [Text Block] | rr_RiskTextBlock | The fund’s share price fluctuates, which means you could lose money by investing in the fund. |
T. Rowe Price International Equity Research ETF | Foreign investing | ||
Risk/Return: | rr_RiskReturnAbstract | |
Risk [Text Block] | rr_RiskTextBlock | Foreign investing: Non-U.S. securities tend to be more volatile and have lower overall liquidity and trading volume than investments in U.S. securities and may lose value because of adverse local, political, social, or economic developments overseas, or due to changes in the exchange rates between foreign currencies and the U.S. dollar. Further, securities of non-U.S. issuers are subject to trading markets with potential governmental interference, varying regulatory, auditing, and accounting standards, and settlement and clearance practices that differ from those of U.S. issuers. Investment in non-U.S. securities also carries currency risk. Any attempts to hedge currency risk could be unsuccessful. Such investments may have higher transaction costs compared with U.S. markets. The fund’s overall foreign investing risk is increased to the extent it has exposure to emerging markets. |
T. Rowe Price International Equity Research ETF | Emerging markets | ||
Risk/Return: | rr_RiskReturnAbstract | |
Risk [Text Block] | rr_RiskTextBlock | Emerging markets: Investments in emerging market countries are subject to greater risk and overall volatility than investments in the U.S. and other developed markets. Emerging market countries tend to have economic structures that are less diverse and mature, less developed legal and regulatory regimes, and political systems that are less stable, than those of developed countries. In addition to the risks associated with investing outside the U.S., emerging markets are more susceptible to governmental interference, political and economic uncertainty, local taxes and restrictions on the fund’s investments, less efficient trading markets with lower overall liquidity, and more volatile currency exchange rates. |
T. Rowe Price International Equity Research ETF | Stock investing | ||
Risk/Return: | rr_RiskReturnAbstract | |
Risk [Text Block] | rr_RiskTextBlock | Stock investing: Stocks generally fluctuate in value more than bonds and may decline significantly over short time periods. There is a chance that stock prices overall will decline because stock markets tend to move in cycles, with periods of rising and falling prices. The value of stocks held by the fund may decline due to general weakness or volatility in the stock markets in which the fund invests or because of factors that affect a particular company or industry. |
T. Rowe Price International Equity Research ETF | Market conditions | ||
Risk/Return: | rr_RiskReturnAbstract | |
Risk [Text Block] | rr_RiskTextBlock | Market conditions: The value of the fund’s investments may decrease, sometimes rapidly or unexpectedly, due to factors affecting an issuer held by the fund, particular industries, or the overall securities markets. A variety of factors can increase the volatility of the fund’s holdings and markets generally, including geopolitical developments (such as trading and tariff arrangements, sanctions, and cybersecurity attacks), recessions, inflation, rapid interest rate changes, war, military conflict, acts of terrorism, natural disasters, and outbreaks of infectious illnesses or other widespread public health issues (such as the coronavirus pandemic) and related governmental and public responses. Certain events may cause instability across global markets, including reduced liquidity and disruptions in trading markets, while some events may affect certain geographic regions, countries, sectors, and industries more significantly than others. Government intervention in markets may impact interest rates, market volatility, and security pricing. These adverse developments may cause broad declines in market value due to short-term market movements or for significantly longer periods during more prolonged market downturns. |
T. Rowe Price International Equity Research ETF | Large-cap stocks | ||
Risk/Return: | rr_RiskReturnAbstract | |
Risk [Text Block] | rr_RiskTextBlock | Large-cap stocks: Securities issued by large-cap companies tend to be less volatile than securities issued by small- and mid-cap companies. However, large-cap companies may not be able to attain the high growth rates of successful small- and mid-cap companies, especially during strong economic periods, and may be unable to respond as quickly to competitive challenges. |
T. Rowe Price International Equity Research ETF | Sector exposure | ||
Risk/Return: | rr_RiskReturnAbstract | |
Risk [Text Block] | rr_RiskTextBlock | Sector exposure: Issuers in the same economic sector may be similarly affected by economic or market events, making the fund more vulnerable to unfavorable developments in that economic sector than funds that invest more broadly. |
T. Rowe Price International Equity Research ETF | Index correlation | ||
Risk/Return: | rr_RiskReturnAbstract | |
Risk [Text Block] | rr_RiskTextBlock | Index correlation: Because the fund weights each sector and industry similar to the Index, the fund’s ability to broadly reallocate its portfolio due to changes in outlook for a particular sector or industry is less than other actively managed funds with greater flexibility to overweight or underweight certain industries due to changes in market conditions. As a result, the fund’s performance may lag the performance of other actively managed funds with more flexible investment programs. |
T. Rowe Price International Equity Research ETF | Active management | ||
Risk/Return: | rr_RiskReturnAbstract | |
Risk [Text Block] | rr_RiskTextBlock | Active management: The fund’s overall investment program and holdings selected by the fund’s investment adviser may underperform the broad markets, relevant indices, or other funds with similar objectives and investment strategies. |
T. Rowe Price International Equity Research ETF | Authorized Participant | ||
Risk/Return: | rr_RiskReturnAbstract | |
Risk [Text Block] | rr_RiskTextBlock | Authorized Participant: Only an Authorized Participant may engage in creation or redemption transactions directly with the fund. The fund has a limited number of intermediaries that act as Authorized Participants, and none of these Authorized Participants are or will be obligated to engage in creation or redemption transactions. To the extent that Authorized Participants exit the business or are unable to proceed with creation or redemption orders with respect to the fund and no other Authorized Participant is able to step forward to create or redeem, (i) the market price of the fund’s shares may trade at a premium or discount to its net asset value (NAV), (ii) an active trading market for the fund may not develop or be maintained, and (iii) there is no assurance that the requirements of the exchange necessary to maintain the listing of the fund will continue to be met or remain unchanged. |
T. Rowe Price International Equity Research ETF | ETF shares trading | ||
Risk/Return: | rr_RiskReturnAbstract | |
Risk [Text Block] | rr_RiskTextBlock | ETF shares trading: Shares of the fund are listed for trading on a national securities exchange and are bought and sold in the secondary market at market prices. The market prices of shares are expected to fluctuate in response to changes in the fund’s NAV, the value of the fund’s holdings, and supply and demand for shares. Disruptions to creations and redemptions, significant market volatility, potential lack of an active trading market for the shares (including through a trading halt), or other factors may widen bid-ask spreads and result in the shares trading significantly above (at a premium) or below (at a discount) to NAV or to the value of the fund’s holdings. If a shareholder purchases shares at a time when the market price is at a premium to the NAV or sells shares at a time when the market price is at a discount to the NAV, the shareholder may sustain losses. |
T. Rowe Price International Equity Research ETF | New fund | ||
Risk/Return: | rr_RiskReturnAbstract | |
Risk [Text Block] | rr_RiskTextBlock | New fund: Because the fund is new, it has a relatively small number of shareholders and assets under management. As a result, the portfolio manager may experience difficulties in fully implementing the fund’s investment program and may be less able to respond to increases in shareholder transaction activity. The fund’s limited operating history could make it more difficult to evaluate the performance of the portfolio manager and the fund’s investment strategies. In addition, there can be no assurance that the fund will ultimately grow to an economically viable size, which could lead to the fund eventually ceasing its operations. |
T. Rowe Price International Equity Research ETF | Cybersecurity breaches | ||
Risk/Return: | rr_RiskReturnAbstract | |
Risk [Text Block] | rr_RiskTextBlock | Cybersecurity breaches: The fund could be harmed by intentional cyberattacks and other cybersecurity breaches, including unauthorized access to the fund’s assets, confidential information, or other proprietary information. In addition, a cybersecurity breach could cause one of the fund’s service providers or financial intermediaries to suffer unauthorized data access, data corruption, or loss of operational functionality. |
T. Rowe Price International Equity Research ETF | International Equity Research ETF | ||
Risk/Return: | rr_RiskReturnAbstract | |
Management fees | rr_ManagementFeesOverAssets | 0.38% |
Other expenses | rr_OtherExpensesOverAssets | none |
Total annual fund operating expenses | rr_ExpensesOverAssets | 0.38% |
1 Year | rr_ExpenseExampleYear01 | $ 39 |
3 Years | rr_ExpenseExampleYear03 | $ 122 |