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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="trowe_S000106914Member_lbl" xml:lang="en-US">T. Rowe Price Biotech ETF</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="trowe_BiotechnologyAndPharmaceuticalIndustryMember_lbl" xml:lang="en-US">Biotechnology and pharmaceutical industry [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="trowe_IndustryConcentrationMember_lbl" xml:lang="en-US">Industry concentration [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="trowe-20260724.xsd#trowe_MarketConditionsMember" xlink:label="trowe_MarketConditionsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_MarketConditionsMember" xlink:to="trowe_MarketConditionsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="trowe_MarketConditionsMember_lbl" xml:lang="en-US">Market conditions [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="trowe-20260724.xsd#trowe_StockInvestingMember" xlink:label="trowe_StockInvestingMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_StockInvestingMember" xlink:to="trowe_StockInvestingMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="trowe_StockInvestingMember_lbl" xml:lang="en-US">Stock investing [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="trowe-20260724.xsd#trowe_ForeignInvestingMember" xlink:label="trowe_ForeignInvestingMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_ForeignInvestingMember" xlink:to="trowe_ForeignInvestingMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="trowe_ForeignInvestingMember_lbl" xml:lang="en-US">Foreign investing [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="trowe-20260724.xsd#trowe_ActiveManagementMember" xlink:label="trowe_ActiveManagementMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_ActiveManagementMember" xlink:to="trowe_ActiveManagementMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="trowe_ActiveManagementMember_lbl" xml:lang="en-US">Active management [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="trowe-20260724.xsd#trowe_AuthorizedParticipantMember" xlink:label="trowe_AuthorizedParticipantMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_AuthorizedParticipantMember" xlink:to="trowe_AuthorizedParticipantMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="trowe_AuthorizedParticipantMember_lbl" xml:lang="en-US">Authorized Participant [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="trowe-20260724.xsd#trowe_EtfSharesTradingMember" xlink:label="trowe_EtfSharesTradingMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_EtfSharesTradingMember" xlink:to="trowe_EtfSharesTradingMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="trowe_EtfSharesTradingMember_lbl" xml:lang="en-US">ETF shares trading [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="trowe-20260724.xsd#trowe_NewFundMember" xlink:label="trowe_NewFundMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_NewFundMember" xlink:to="trowe_NewFundMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="trowe_NewFundMember_lbl" xml:lang="en-US">New fund [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="trowe-20260724.xsd#trowe_CybersecurityBreachesMember" xlink:label="trowe_CybersecurityBreachesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_CybersecurityBreachesMember" xlink:to="trowe_CybersecurityBreachesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="trowe_CybersecurityBreachesMember_lbl" xml:lang="en-US">Cybersecurity breaches [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="trowe-20260724.xsd#trowe_S000106915Member" xlink:label="trowe_S000106915Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_S000106915Member" xlink:to="trowe_S000106915Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="trowe_S000106915Member_lbl" xml:lang="en-US">T. Rowe Price Capital Appreciation Fixed Income ETF</link:label>
      <link:loc xlink:type="locator" xlink:href="trowe-20260724.xsd#trowe_FixedIncomeMarketsMember" xlink:label="trowe_FixedIncomeMarketsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_FixedIncomeMarketsMember" xlink:to="trowe_FixedIncomeMarketsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="trowe_FixedIncomeMarketsMember_lbl" xml:lang="en-US">Fixed income markets [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="trowe-20260724.xsd#trowe_InterestRatesMember" xlink:label="trowe_InterestRatesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_InterestRatesMember" xlink:to="trowe_InterestRatesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="trowe_InterestRatesMember_lbl" xml:lang="en-US">Interest rates [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="trowe-20260724.xsd#trowe_CreditQualityMember" xlink:label="trowe_CreditQualityMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_CreditQualityMember" xlink:to="trowe_CreditQualityMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="trowe_CreditQualityMember_lbl" xml:lang="en-US">Credit quality [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="trowe-20260724.xsd#trowe_JunkBondsMember" xlink:label="trowe_JunkBondsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_JunkBondsMember" xlink:to="trowe_JunkBondsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="trowe_JunkBondsMember_lbl" xml:lang="en-US">Junk bonds [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="trowe-20260724.xsd#trowe_BankLoansMember" xlink:label="trowe_BankLoansMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_BankLoansMember" xlink:to="trowe_BankLoansMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="trowe_BankLoansMember_lbl" xml:lang="en-US">Bank loans [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="trowe-20260724.xsd#trowe_LeveragedLoansMember" xlink:label="trowe_LeveragedLoansMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_LeveragedLoansMember" xlink:to="trowe_LeveragedLoansMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="trowe_LeveragedLoansMember_lbl" xml:lang="en-US">Leveraged loans [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="trowe-20260724.xsd#trowe_AgencyMortgageBackedSecuritiesAgencyMBSMember" xlink:label="trowe_AgencyMortgageBackedSecuritiesAgencyMBSMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_AgencyMortgageBackedSecuritiesAgencyMBSMember" xlink:to="trowe_AgencyMortgageBackedSecuritiesAgencyMBSMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="trowe_AgencyMortgageBackedSecuritiesAgencyMBSMember_lbl" xml:lang="en-US">Agency mortgage-backed securities (Agency MBS) [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="trowe-20260724.xsd#trowe_S000106916Member" xlink:label="trowe_S000106916Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_S000106916Member" xlink:to="trowe_S000106916Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="trowe_S000106916Member_lbl" xml:lang="en-US">T. Rowe Price Dynamic Emerging Markets Bond ETF</link:label>
      <link:loc xlink:type="locator" xlink:href="trowe-20260724.xsd#trowe_EmergingMarketsMember" xlink:label="trowe_EmergingMarketsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_EmergingMarketsMember" xlink:to="trowe_EmergingMarketsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="trowe_EmergingMarketsMember_lbl" xml:lang="en-US">Emerging markets [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_SovereignDebtMember" xlink:label="us-gaap_SovereignDebtMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SovereignDebtMember" xlink:to="us-gaap_SovereignDebtMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SovereignDebtMember_lbl" xml:lang="en-US">Sovereign Debt [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="trowe-20260724.xsd#trowe_HighYieldInvestingMember" xlink:label="trowe_HighYieldInvestingMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_HighYieldInvestingMember" xlink:to="trowe_HighYieldInvestingMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="trowe_HighYieldInvestingMember_lbl" xml:lang="en-US">High yield investing [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="trowe-20260724.xsd#trowe_FrontierMarketsMember" xlink:label="trowe_FrontierMarketsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_FrontierMarketsMember" xlink:to="trowe_FrontierMarketsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="trowe_FrontierMarketsMember_lbl" xml:lang="en-US">Frontier markets [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="trowe-20260724.xsd#trowe_CurrencyExposureMember" xlink:label="trowe_CurrencyExposureMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_CurrencyExposureMember" xlink:to="trowe_CurrencyExposureMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="trowe_CurrencyExposureMember_lbl" xml:lang="en-US">Currency exposure [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="trowe-20260724.xsd#trowe_DerivativesMember" xlink:label="trowe_DerivativesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_DerivativesMember" xlink:to="trowe_DerivativesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="trowe_DerivativesMember_lbl" xml:lang="en-US">Derivatives [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="trowe-20260724.xsd#trowe_S000106917Member" xlink:label="trowe_S000106917Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_S000106917Member" xlink:to="trowe_S000106917Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="trowe_S000106917Member_lbl" xml:lang="en-US">T. Rowe Price Mid-Cap Equity Research ETF</link:label>
      <link:loc xlink:type="locator" xlink:href="trowe-20260724.xsd#trowe_MidCapStocksMember" xlink:label="trowe_MidCapStocksMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_MidCapStocksMember" xlink:to="trowe_MidCapStocksMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="trowe_MidCapStocksMember_lbl" xml:lang="en-US">Mid-cap stocks [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="trowe-20260724.xsd#trowe_SectorExposureMember" xlink:label="trowe_SectorExposureMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_SectorExposureMember" xlink:to="trowe_SectorExposureMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="trowe_SectorExposureMember_lbl" xml:lang="en-US">Sector exposure [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="trowe-20260724.xsd#trowe_IndexCorrelationMember" xlink:label="trowe_IndexCorrelationMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_IndexCorrelationMember" xlink:to="trowe_IndexCorrelationMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="trowe_IndexCorrelationMember_lbl" xml:lang="en-US">Index correlation [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="trowe-20260724.xsd#trowe_S000106918Member" xlink:label="trowe_S000106918Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_S000106918Member" xlink:to="trowe_S000106918Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="trowe_S000106918Member_lbl" xml:lang="en-US">T. Rowe Price Securitized Income ETF</link:label>
      <link:loc xlink:type="locator" xlink:href="trowe-20260724.xsd#trowe_SecuritizedAssetsMember" xlink:label="trowe_SecuritizedAssetsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_SecuritizedAssetsMember" xlink:to="trowe_SecuritizedAssetsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="trowe_SecuritizedAssetsMember_lbl" xml:lang="en-US">Securitized assets [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="trowe-20260724.xsd#trowe_NonagencyMortgagerelatedSecuritiesMember" xlink:label="trowe_NonagencyMortgagerelatedSecuritiesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_NonagencyMortgagerelatedSecuritiesMember" xlink:to="trowe_NonagencyMortgagerelatedSecuritiesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="trowe_NonagencyMortgagerelatedSecuritiesMember_lbl" xml:lang="en-US">Non-Agency Mortgage-Related Securities [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="trowe-20260724.xsd#trowe_ClosMember" xlink:label="trowe_ClosMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_ClosMember" xlink:to="trowe_ClosMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="trowe_ClosMember_lbl" xml:lang="en-US">CLOs [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="trowe-20260724.xsd#trowe_TbasAndDollarRollsMember" xlink:label="trowe_TbasAndDollarRollsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_TbasAndDollarRollsMember" xlink:to="trowe_TbasAndDollarRollsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="trowe_TbasAndDollarRollsMember_lbl" xml:lang="en-US">TBAs and dollar rolls [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="trowe-20260724.xsd#trowe_MortgageAndAssetbackedSecuritiesMember" xlink:label="trowe_MortgageAndAssetbackedSecuritiesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_MortgageAndAssetbackedSecuritiesMember" xlink:to="trowe_MortgageAndAssetbackedSecuritiesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="trowe_MortgageAndAssetbackedSecuritiesMember_lbl" xml:lang="en-US">Mortgage- and asset-backed securities [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="trowe-20260724.xsd#trowe_S000106919Member" xlink:label="trowe_S000106919Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_S000106919Member" xlink:to="trowe_S000106919Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="trowe_S000106919Member_lbl" xml:lang="en-US">T. Rowe Price Small-Cap ETF</link:label>
      <link:loc xlink:type="locator" xlink:href="trowe-20260724.xsd#trowe_SmallcapStocksMember" xlink:label="trowe_SmallcapStocksMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_SmallcapStocksMember" xlink:to="trowe_SmallcapStocksMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="trowe_SmallcapStocksMember_lbl" xml:lang="en-US">Small-cap stocks [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="trowe-20260724.xsd#trowe_IndustrialAndBusinessServicesSectorMember" xlink:label="trowe_IndustrialAndBusinessServicesSectorMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_IndustrialAndBusinessServicesSectorMember" xlink:to="trowe_IndustrialAndBusinessServicesSectorMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="trowe_IndustrialAndBusinessServicesSectorMember_lbl" xml:lang="en-US">Industrial and business services sector [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="trowe-20260724.xsd#trowe_C000277800Member" xlink:label="trowe_C000277800Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_C000277800Member" xlink:to="trowe_C000277800Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="trowe_C000277800Member_lbl" xml:lang="en-US">T. Rowe Price Biotech ETF [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="trowe-20260724.xsd#trowe_C000277801Member" xlink:label="trowe_C000277801Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_C000277801Member" xlink:to="trowe_C000277801Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="trowe_C000277801Member_lbl" xml:lang="en-US">T. Rowe Price Capital Appreciation Fixed Income ETF [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="trowe-20260724.xsd#trowe_C000277802Member" xlink:label="trowe_C000277802Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_C000277802Member" xlink:to="trowe_C000277802Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="trowe_C000277802Member_lbl" xml:lang="en-US">T. Rowe Price Dynamic Emerging Markets Bond ETF [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="trowe-20260724.xsd#trowe_C000277803Member" xlink:label="trowe_C000277803Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_C000277803Member" xlink:to="trowe_C000277803Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="trowe_C000277803Member_lbl" xml:lang="en-US">T. Rowe Price Mid-Cap Equity Research ETF [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="trowe-20260724.xsd#trowe_C000277804Member" xlink:label="trowe_C000277804Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_C000277804Member" xlink:to="trowe_C000277804Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="trowe_C000277804Member_lbl" xml:lang="en-US">T. Rowe Price Securitized Income ETF [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="trowe-20260724.xsd#trowe_C000277805Member" xlink:label="trowe_C000277805Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_C000277805Member" xlink:to="trowe_C000277805Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="trowe_C000277805Member_lbl" xml:lang="en-US">T. Rowe Price Small-Cap ETF [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_S000106914Member" xlink:to="trowe_S000106914Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="trowe_S000106914Member_doc" xml:lang="en-US">T. Rowe Price Biotech ETF.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_C000277800Member" xlink:to="trowe_C000277800Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="trowe_C000277800Member_doc" xml:lang="en-US">T. Rowe Price Biotech ETF.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_S000106915Member" xlink:to="trowe_S000106915Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="trowe_S000106915Member_doc" xml:lang="en-US">T. Rowe Price Capital Appreciation Fixed Income ETF.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_S000106916Member" xlink:to="trowe_S000106916Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="trowe_S000106916Member_doc" xml:lang="en-US">T. Rowe Price Dynamic Emerging Markets Bond ETF.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_S000106917Member" xlink:to="trowe_S000106917Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="trowe_S000106917Member_doc" xml:lang="en-US">T. Rowe Price Mid-Cap Equity Research ETF.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_S000106918Member" xlink:to="trowe_S000106918Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="trowe_S000106918Member_doc" xml:lang="en-US">T. Rowe Price Securitized Income ETF.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_S000106919Member" xlink:to="trowe_S000106919Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="trowe_S000106919Member_doc" xml:lang="en-US">T. Rowe Price Small-Cap ETF.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_C000277801Member" xlink:to="trowe_C000277801Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="trowe_C000277801Member_doc" xml:lang="en-US">T. Rowe Price Capital Appreciation Fixed Income ETF.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_C000277802Member" xlink:to="trowe_C000277802Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="trowe_C000277802Member_doc" xml:lang="en-US">T. Rowe Price Dynamic Emerging Markets Bond ETF.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_C000277803Member" xlink:to="trowe_C000277803Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="trowe_C000277803Member_doc" xml:lang="en-US">T. Rowe Price Mid-Cap Equity Research ETF.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_C000277804Member" xlink:to="trowe_C000277804Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="trowe_C000277804Member_doc" xml:lang="en-US">T. Rowe Price Securitized Income ETF.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_C000277805Member" xlink:to="trowe_C000277805Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="trowe_C000277805Member_doc" xml:lang="en-US">T. Rowe Price Small-Cap ETF.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_CybersecurityBreachesMember" xlink:to="trowe_CybersecurityBreachesMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="trowe_CybersecurityBreachesMember_doc" xml:lang="en-US">Cybersecurity breaches.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_NewFundMember" xlink:to="trowe_NewFundMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="trowe_NewFundMember_doc" xml:lang="en-US">New fund.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_EtfSharesTradingMember" xlink:to="trowe_EtfSharesTradingMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="trowe_EtfSharesTradingMember_doc" xml:lang="en-US">ETF shares trading.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_AuthorizedParticipantMember" xlink:to="trowe_AuthorizedParticipantMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="trowe_AuthorizedParticipantMember_doc" xml:lang="en-US">Authorized Participant.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_ActiveManagementMember" xlink:to="trowe_ActiveManagementMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="trowe_ActiveManagementMember_doc" xml:lang="en-US">Active management.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_ForeignInvestingMember" xlink:to="trowe_ForeignInvestingMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="trowe_ForeignInvestingMember_doc" xml:lang="en-US">Foreign investing.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_IndustrialAndBusinessServicesSectorMember" xlink:to="trowe_IndustrialAndBusinessServicesSectorMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="trowe_IndustrialAndBusinessServicesSectorMember_doc" xml:lang="en-US">Industrial and business services sector.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_SectorExposureMember" xlink:to="trowe_SectorExposureMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="trowe_SectorExposureMember_doc" xml:lang="en-US">Sector exposure.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_StockInvestingMember" xlink:to="trowe_StockInvestingMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="trowe_StockInvestingMember_doc" xml:lang="en-US">Stock investing.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_MarketConditionsMember" xlink:to="trowe_MarketConditionsMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="trowe_MarketConditionsMember_doc" xml:lang="en-US">Market conditions.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_SmallcapStocksMember" xlink:to="trowe_SmallcapStocksMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="trowe_SmallcapStocksMember_doc" xml:lang="en-US">Small-cap stocks.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_DerivativesMember" xlink:to="trowe_DerivativesMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="trowe_DerivativesMember_doc" xml:lang="en-US">Derivatives.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_CreditQualityMember" xlink:to="trowe_CreditQualityMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="trowe_CreditQualityMember_doc" xml:lang="en-US">Credit quality.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_MortgageAndAssetbackedSecuritiesMember" xlink:to="trowe_MortgageAndAssetbackedSecuritiesMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="trowe_MortgageAndAssetbackedSecuritiesMember_doc" xml:lang="en-US">Mortgage- and asset-backed securities.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_InterestRatesMember" xlink:to="trowe_InterestRatesMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="trowe_InterestRatesMember_doc" xml:lang="en-US">Interest rates.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_FixedIncomeMarketsMember" xlink:to="trowe_FixedIncomeMarketsMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="trowe_FixedIncomeMarketsMember_doc" xml:lang="en-US">Fixed income markets.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_TbasAndDollarRollsMember" xlink:to="trowe_TbasAndDollarRollsMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="trowe_TbasAndDollarRollsMember_doc" xml:lang="en-US">TBAs and dollar rolls.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_ClosMember" xlink:to="trowe_ClosMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="trowe_ClosMember_doc" xml:lang="en-US">CLOs.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_NonagencyMortgagerelatedSecuritiesMember" xlink:to="trowe_NonagencyMortgagerelatedSecuritiesMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="trowe_NonagencyMortgagerelatedSecuritiesMember_doc" xml:lang="en-US">Non-Agency Mortgage-Related Securities.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_SecuritizedAssetsMember" xlink:to="trowe_SecuritizedAssetsMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="trowe_SecuritizedAssetsMember_doc" xml:lang="en-US">Securitized assets.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_IndexCorrelationMember" xlink:to="trowe_IndexCorrelationMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="trowe_IndexCorrelationMember_doc" xml:lang="en-US">Index correlation.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_MidCapStocksMember" xlink:to="trowe_MidCapStocksMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="trowe_MidCapStocksMember_doc" xml:lang="en-US">Mid-cap stocks.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_EmergingMarketsMember" xlink:to="trowe_EmergingMarketsMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="trowe_EmergingMarketsMember_doc" xml:lang="en-US">Emerging markets.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_HighYieldInvestingMember" xlink:to="trowe_HighYieldInvestingMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="trowe_HighYieldInvestingMember_doc" xml:lang="en-US">High yield investing.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_BankLoansMember" xlink:to="trowe_BankLoansMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="trowe_BankLoansMember_doc" xml:lang="en-US">Bank loans.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_JunkBondsMember" xlink:to="trowe_JunkBondsMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="trowe_JunkBondsMember_doc" xml:lang="en-US">Junk bonds.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_IndustryConcentrationMember" xlink:to="trowe_IndustryConcentrationMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="trowe_IndustryConcentrationMember_doc" xml:lang="en-US">Industry concentration.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_BiotechnologyAndPharmaceuticalIndustryMember" xlink:to="trowe_BiotechnologyAndPharmaceuticalIndustryMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="trowe_BiotechnologyAndPharmaceuticalIndustryMember_doc" xml:lang="en-US">Biotechnology and pharmaceutical industry.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_LeveragedLoansMember" xlink:to="trowe_LeveragedLoansMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="trowe_LeveragedLoansMember_doc" xml:lang="en-US">Leveraged loans.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_AgencyMortgageBackedSecuritiesAgencyMBSMember" xlink:to="trowe_AgencyMortgageBackedSecuritiesAgencyMBSMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="trowe_AgencyMortgageBackedSecuritiesAgencyMBSMember_doc" xml:lang="en-US">Agency mortgage-backed securities (Agency MBS).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_FrontierMarketsMember" xlink:to="trowe_FrontierMarketsMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="trowe_FrontierMarketsMember_doc" xml:lang="en-US">Frontier markets.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_CurrencyExposureMember" xlink:to="trowe_CurrencyExposureMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="trowe_CurrencyExposureMember_doc" xml:lang="en-US">Currency exposure.</link:label>
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