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. You can also request this information without charge by contacting T. Rowe Price at 1-800-638-5660 or info@troweprice.com or by contacting your intermediary.

Additional Information Phone Number

1-800-638-5660

Additional Information Email

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Additional Information Website

www.troweprice.com/prospectus

Expenses [Text Block]

What were the fund costs for the last year? (based on a hypothetical $10,000 investment)

Fund name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
U.S. High Yield ETF	$58	0.56%

Expenses Paid, Amount

$ 58

Expense Ratio, Percent

0.56%

Factors Affecting Performance [Text Block]

What drove fund performance during the past 12 months?

The high yield market posted solid gains in the year ended May 31, 2025, despite growing concerns about the Trump administration’s trade policies during the last few months of the period. The resilient economy, healthy equity returns, and mostly favorable technical conditions supported the asset class.
Compared with the style-specific ICE BofA US High Yield Constrained Index, the fund’s strongest relative results were in the basic industry, transportation, and capital goods segments. By credit quality, our underweight allocation in the BB rating tier marginally contributed to relative results.
Relative to the style-specific benchmark, the fund’s weakest results were in the energy, retail, and media industries. Our positioning in the B and CCC rating tiers detracted, as did selection among BBs.
Notably, the fund’s assets increased dramatically over the reporting period following several sizable inflows.
The fund seeks total return and, secondarily, current income by investing primarily in U.S. below investment-grade corporate debt securities. We expected more income-driven returns due to very tight spread levels and limited room for capital appreciation. As such, we sought to position the portfolio with a current yield advantage versus the index in an effort to outperform while being cognizant of risk as very tight spread levels did not justify excessive risk taking, in our view. Within the higher-quality rating tiers, we remained underweight BBs and overweight Bs in accordance with our emphasis on current yield. We continued to consider bank loans alongside bonds when looking to optimize our positioning within an issuer’s capital structure.

Performance Past Does Not Indicate Future [Text]

The fund’s past performance is not a good predictor of the fund’s future performance.

Line Graph [Table Text Block]

	ETF (Based on Net Asset Value)	(Regulatory Benchmark)	(Strategy Benchmark)
10/25/22	$10,000	$10,000	$10,000
11/30/22	$10,218	$10,406	$10,306
2/28/23	$10,393	$10,401	$10,492
5/31/23	$10,436	$10,613	$10,610
8/31/23	$10,877	$10,501	$10,970
11/30/23	$10,982	$10,529	$11,194
2/29/24	$11,461	$10,748	$11,644
5/31/24	$11,691	$10,752	$11,797
8/31/24	$12,093	$11,267	$12,338
11/30/24	$12,362	$11,252	$12,613
2/28/25	$12,583	$11,372	$12,815
5/31/25	$12,607	$11,339	$12,891

Average Annual Return [Table Text Block]

Fund	1 Year	Since Inception 10/25/22
U.S. High Yield ETF (Based on Net Asset Value)	7.84%	9.32%
Bloomberg U.S. Aggregate Bond Index (Regulatory Benchmark)	5.46%	4.95%
ICE BofA US High Yield Constrained Index (Strategy Benchmark)	9.28%	10.27%

Performance Inception Date

Oct. 25, 2022

AssetsNet

$ 749,472,000

Holdings Count | Holding

100

Advisory Fees Paid, Amount

$ 1,978,000

InvestmentCompanyPortfolioTurnover

63.00%

Additional Fund Statistics [Text Block]

What are some fund statistics?

Fund Statistics

Total Net Assets (000s)$749,472
Number of Portfolio Holdings100
Investment Advisory Fees Paid (000s)$1,978
Portfolio Turnover Rate63.0%

Holdings [Text Block]

Security Allocation (as a % of Net Assets)

Corporate Bonds	87.7%
Bank Loans	8.5
Short-Term and Other	3.8

Largest Holdings [Text Block]

Top Ten Holdings (as a % of Net Assets)

CCO Holdings	2.2%
Cloud Software Group	2.2
Six Flags Entertainment	2.0
DISH Network	1.9
Aretec Escrow Issuer 2	1.9
Enbridge	1.8
eG Global Finance	1.7
HLF Financing / Herbalife International	1.6
Uniti Group / Uniti Group Finance / CSL Capital	1.6
First Quantum Minerals	1.5

Material Fund Change Name [Text Block]