AFLG vs. INRO ETF Comparison

Comparison of Active Factor Large Cap ETF (AFLG) to BlackRock U.S. Industry Rotation ETF (INRO)

AFLG

Active Factor Large Cap ETF

AFLG Description

The investment seeks to provide capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in U.S.-listed equity securities issued by large capitalization companies. The manager defines large capitalization companies as those that, at the time of investment, have a minimum market capitalization equal to or greater than the minimum market capitalization of a widely recognized index of large capitalization companies based upon the composition of the index at the time of investment. It is non-diversified.

Grade (RS Rating)

Last Trade

$35.73

Average Daily Volume

35,934

Number of Holdings ^*

248

* may have additional holdings in another (foreign) market

INRO

BlackRock U.S. Industry Rotation ETF

INRO Description

INRO is targeted US equity exposure, actively managed by shifting the selection and weighting of the portfolio towards industries among the broad domestic market. Portfolio allocation is based on five potential sources of return: information regarding the current economic cycle, valuation, quality metrics, analyst expectation data and recent individual industry trends. The strategy aims to capture the potential alpha from the dispersion between industry allocations and the broad market. During temporary defensive periods, the fund may depart from this principal investment strategy to invest 100% of the portfolio in liquid, short-term securities. The fund may engage in active and frequent trading. Derivatives may also be used to seek returns or hedge exposure. Up to one-third of the value of the funds assets may be lending.

Grade (RS Rating)

Last Trade

$28.39

Average Daily Volume

3,548

Number of Holdings ^*

429

* may have additional holdings in another (foreign) market

Performance

Period	AFLG	INRO
30 Days	4.50%	5.09%
60 Days	5.60%	6.25%
90 Days	7.89%	7.10%
12 Months	37.65%

174 Overlapping Holdings

Symbol	Grade	Weight in AFLG	Weight in INRO	Overlap
AAPL	C	7.06%	5.76%	5.76%
ABBV	D	0.82%	0.39%	0.39%
ACGL	D	0.17%	0.05%	0.05%
ACN	C	0.22%	0.07%	0.07%
ADBE	C	0.31%	0.32%	0.31%
AFL	B	0.75%	0.09%	0.09%
AIG	B	0.28%	0.09%	0.09%
AIZ	A	0.16%	0.02%	0.02%
ALL	A	0.08%	0.08%	0.08%
ALLE	D	0.01%	0.08%	0.01%
ALNY	D	0.21%	0.04%	0.04%
AMAT	F	0.34%	0.3%	0.3%
AMCR	D	0.04%	0.07%	0.04%
AMP	A	0.16%	0.19%	0.16%
AMZN	C	1.78%	1.47%	1.47%
AOS	F	0.38%	0.06%	0.06%
APH	A	0.58%	0.19%	0.19%
APP	B	1.29%	0.1%	0.1%
AVB	B	0.05%	0.01%	0.01%
AVGO	D	1.27%	1.54%	1.27%
AXP	A	0.41%	1.14%	0.41%
AZO	C	0.17%	0.15%	0.15%
BAH	F	0.17%	0.04%	0.04%
BBWI	D	0.13%	0.02%	0.02%
BBY	D	0.47%	0.05%	0.05%
BEN	C	0.17%	0.03%	0.03%
BK	A	0.73%	0.11%	0.11%
BLDR	D	0.33%	0.15%	0.15%
BMY	B	0.58%	0.11%	0.11%
BRK.A	B	1.57%	0.06%	0.06%
BRO	B	0.3%	0.04%	0.04%
CAT	B	0.56%	0.35%	0.35%
CBOE	B	0.38%	0.04%	0.04%
CDNS	B	0.05%	0.12%	0.05%
CDW	F	0.03%	0.05%	0.03%
CEG	D	0.62%	0.45%	0.45%
CFG	B	0.27%	0.06%	0.06%
CME	A	0.23%	0.3%	0.23%
CMI	A	0.51%	0.1%	0.1%
COST	B	0.9%	0.47%	0.47%
CPT	B	0.15%	0.01%	0.01%
CRM	B	0.59%	0.45%	0.45%
CSL	C	0.39%	0.14%	0.14%
CTAS	B	0.7%	0.34%	0.34%
CTSH	B	0.45%	0.01%	0.01%
CVX	A	0.45%	0.5%	0.45%
DELL	C	0.14%	0.07%	0.07%
DHI	D	0.32%	0.33%	0.32%
DINO	D	0.06%	0.02%	0.02%
DKS	C	0.04%	0.03%	0.03%
DVN	F	0.29%	0.04%	0.04%
EBAY	D	0.1%	0.02%	0.02%
ECL	D	0.52%	0.0%	0.0%
EG	C	0.15%	0.03%	0.03%
EIX	B	0.23%	0.21%	0.21%
EME	C	0.68%	0.19%	0.19%
EPAM	C	0.05%	0.01%	0.01%
EQR	B	0.1%	0.01%	0.01%
ERIE	D	0.24%	0.02%	0.02%
ESS	B	0.05%	0.01%	0.01%
ETN	A	0.55%	0.48%	0.48%
EVRG	A	0.29%	0.11%	0.11%
FDX	B	0.24%	0.02%	0.02%
FE	C	0.52%	0.15%	0.15%
FI	A	0.12%	0.01%	0.01%
FICO	B	0.8%	0.08%	0.08%
FIS	C	0.36%	0.01%	0.01%
GDDY	A	0.55%	0.01%	0.01%
GE	D	0.15%	0.08%	0.08%
GEN	B	0.1%	0.02%	0.02%
GILD	C	0.57%	0.14%	0.14%
GLPI	C	0.42%	0.02%	0.02%
GOOGL	C	2.04%	3.13%	2.04%
GRMN	B	0.41%	0.22%	0.22%
GWW	B	0.2%	0.44%	0.2%
HIG	B	1.11%	0.05%	0.05%
HPQ	B	0.49%	0.06%	0.06%
HWM	A	0.46%	0.02%	0.02%
IBM	C	0.44%	0.06%	0.06%
ICE	C	0.4%	0.33%	0.33%
INCY	C	0.22%	0.02%	0.02%
IP	B	0.34%	0.09%	0.09%
IT	C	0.12%	0.02%	0.02%
J	F	0.08%	0.04%	0.04%
JBL	B	0.18%	0.03%	0.03%
JNJ	D	0.7%	0.37%	0.37%
KEYS	A	0.22%	0.06%	0.06%
KLAC	D	0.1%	0.17%	0.1%
KR	B	0.47%	0.05%	0.05%
L	A	0.18%	0.03%	0.03%
LDOS	C	0.13%	0.05%	0.05%
LEN	D	0.32%	0.28%	0.28%
LII	A	0.25%	0.14%	0.14%
LLY	F	0.42%	0.57%	0.42%
LMT	D	0.34%	0.05%	0.05%
LOW	D	0.31%	0.43%	0.31%
LYB	F	0.07%	0.0%	0.0%
MA	C	0.21%	0.04%	0.04%
MAA	B	0.47%	0.01%	0.01%
MANH	D	0.25%	0.03%	0.03%
MAS	D	0.5%	0.12%	0.12%
MCO	B	0.05%	0.28%	0.05%
MET	A	0.04%	0.08%	0.04%
META	D	1.8%	3.68%	1.8%
MMM	D	0.55%	0.76%	0.55%
MO	A	0.99%	0.41%	0.41%
MPC	D	0.13%	0.1%	0.1%
MRK	F	0.62%	0.24%	0.24%
MSFT	F	4.6%	4.24%	4.24%
MTCH	D	0.25%	0.02%	0.02%
NRG	B	0.81%	0.12%	0.12%
NTAP	C	0.63%	0.04%	0.04%
NUE	C	0.37%	0.01%	0.01%
NVDA	C	5.45%	7.62%	5.45%
NVR	D	0.47%	0.21%	0.21%
NXPI	D	0.05%	0.12%	0.05%
OC	A	0.36%	0.12%	0.12%
ORLY	B	0.06%	0.21%	0.06%
PCAR	B	0.39%	0.11%	0.11%
PFG	D	0.04%	0.04%	0.04%
PGR	A	0.73%	0.23%	0.23%
PH	A	0.23%	0.17%	0.17%
PHM	D	0.52%	0.18%	0.18%
PINS	D	0.04%	0.05%	0.04%
PKG	A	0.36%	0.1%	0.1%
PM	B	0.35%	0.87%	0.35%
PPL	B	0.05%	0.05%	0.05%
PRU	A	0.09%	0.07%	0.07%
PSA	D	0.05%	0.07%	0.05%
PSX	C	0.09%	0.1%	0.09%
QCOM	F	0.88%	0.39%	0.39%
QRVO	F	0.05%	0.01%	0.01%
RF	A	0.29%	0.07%	0.07%
ROL	B	0.06%	0.06%	0.06%
ROST	C	0.04%	0.14%	0.04%
RS	B	0.66%	0.01%	0.01%
SHW	A	0.19%	0.01%	0.01%
SNA	A	0.63%	0.04%	0.04%
SNPS	B	0.06%	0.12%	0.06%
SO	D	0.13%	0.6%	0.13%
SPGI	C	0.08%	0.55%	0.08%
SSNC	B	0.09%	0.03%	0.03%
STLD	B	0.47%	0.01%	0.01%
STT	A	0.05%	0.05%	0.05%
SWKS	F	0.2%	0.03%	0.03%
SYF	B	0.29%	0.18%	0.18%
TDG	D	0.0%	0.03%	0.0%
TJX	A	0.38%	0.39%	0.38%
TMUS	B	0.35%	4.56%	0.35%
TPL	A	0.08%	0.05%	0.05%
TRGP	B	0.36%	0.08%	0.08%
TROW	B	0.2%	0.05%	0.05%
TT	A	0.49%	0.65%	0.49%
TXT	D	0.07%	0.01%	0.01%
ULTA	F	0.14%	0.05%	0.05%
UNH	C	0.27%	0.01%	0.01%
UTHR	C	0.04%	0.02%	0.02%
V	A	0.3%	0.04%	0.04%
VICI	C	0.44%	0.05%	0.05%
VLO	C	0.31%	0.08%	0.08%
VRSN	F	0.21%	0.01%	0.01%
VRT	B	0.16%	0.16%	0.16%
VST	B	1.26%	0.19%	0.19%
VTR	C	0.21%	0.06%	0.06%
VTRS	A	0.1%	0.01%	0.01%
WAB	B	0.38%	0.07%	0.07%
WBA	F	0.03%	0.0%	0.0%
WELL	A	0.32%	0.18%	0.18%
WMT	A	0.61%	0.45%	0.45%
WSM	B	0.41%	0.05%	0.05%
WSO	A	0.06%	0.16%	0.06%
WTW	B	0.05%	0.05%	0.05%
XOM	B	0.74%	0.95%	0.74%
ZM	B	0.23%	0.03%	0.03%

AFLG Overweight 74 Positions Relative to INRO

Symbol	Grade	Weight
NFLX	A	0.91%
UHS	D	0.89%
PG	A	0.84%
RL	B	0.79%
BSX	B	0.68%
ELV	F	0.67%
FFIV	B	0.6%
CL	D	0.58%
SPG	B	0.58%
PEG	A	0.57%
COR	B	0.57%
CMCSA	B	0.55%
FOXA	B	0.55%
MCK	B	0.53%
VZ	C	0.49%
TPR	B	0.47%
CSCO	B	0.44%
CF	B	0.42%
CNA	B	0.42%
MSI	B	0.39%
HSIC	B	0.39%
IBKR	A	0.39%
HST	C	0.37%
HLT	A	0.36%
RHI	B	0.36%
KO	D	0.33%
CMG	B	0.32%
EA	A	0.32%
WU	D	0.29%
VSCO	B	0.28%
DECK	A	0.28%
BKNG	A	0.28%
OGN	D	0.27%
SOLV	C	0.25%
ED	D	0.25%
WPC	D	0.21%
EXPE	B	0.21%
NWSA	B	0.2%
PPG	F	0.19%
CNC	D	0.19%
CVS	D	0.18%
T	A	0.18%
HUM	C	0.17%
TOL	B	0.16%
GL	B	0.16%
LKQ	D	0.16%
CI	F	0.15%
SYK	C	0.15%
ANET	C	0.13%
CAH	B	0.11%
SCCO	F	0.11%
RPM	A	0.11%
RMD	C	0.1%
KHC	F	0.1%
ETSY	D	0.09%
CRBG	B	0.09%
BLK	C	0.09%
LH	C	0.09%
DXC	B	0.08%
MOH	F	0.08%
BG	F	0.07%
IPG	D	0.07%
CVNA	B	0.07%
DASH	A	0.06%
ADM	D	0.06%
ZION	B	0.06%
UDR	B	0.05%
DPZ	C	0.05%
KMB	D	0.05%
HOLX	D	0.04%
IVZ	B	0.04%
MOS	F	0.03%
BWA	D	0.03%
EQH	B	0.0%

AFLG Underweight 255 Positions Relative to INRO

Symbol	Grade	Weight
GOOG	C	-2.72%
JPM	A	-1.74%
HON	B	-1.6%
BXP	D	-1.35%
TSLA	B	-1.32%
HD	A	-1.17%
NEE	D	-0.97%
CBRE	B	-0.87%
BAC	A	-0.81%
GS	A	-0.64%
WFC	A	-0.64%
CSGP	D	-0.63%
VMC	B	-0.59%
MLM	B	-0.57%
MS	A	-0.55%
UNP	C	-0.54%
DUK	C	-0.54%
UBER	D	-0.49%
COF	B	-0.48%
URI	B	-0.47%
AMD	F	-0.47%
BX	A	-0.45%
ORCL	B	-0.45%
CARR	D	-0.42%
SCHW	B	-0.41%
FAST	B	-0.4%
TXN	C	-0.39%
JCI	C	-0.39%
WM	A	-0.37%
PWR	A	-0.37%
C	A	-0.34%
AEP	D	-0.32%
KKR	A	-0.31%
GEV	B	-0.31%
NOW	A	-0.3%
ADP	B	-0.29%
DFS	B	-0.29%
INTU	C	-0.26%
PCG	A	-0.26%
EXC	C	-0.25%
CSX	B	-0.25%
Z	A	-0.25%
XEL	A	-0.24%
EMR	A	-0.24%
COP	C	-0.24%
TMO	F	-0.24%
MU	D	-0.23%
INTC	D	-0.22%
NSC	B	-0.22%
ADI	D	-0.22%
WCN	A	-0.21%
PNC	B	-0.21%
CPRT	A	-0.21%
DE	A	-0.2%
USB	A	-0.2%
AMGN	D	-0.2%
RSG	A	-0.2%
COIN	C	-0.2%
ETR	B	-0.2%
LRCX	F	-0.19%
DHR	F	-0.19%
PANW	C	-0.18%
PLTR	B	-0.18%
TFC	A	-0.17%
CB	C	-0.17%
ODFL	B	-0.16%
MMC	B	-0.16%
MSCI	C	-0.16%
MRVL	B	-0.16%
EOG	A	-0.15%
AME	A	-0.15%
VRTX	F	-0.15%
ITW	B	-0.15%
NDAQ	A	-0.14%
ES	D	-0.14%
PFE	D	-0.14%
WMB	A	-0.13%
RJF	A	-0.13%
SW	A	-0.13%
FCX	D	-0.12%
CRWD	B	-0.12%
OKE	A	-0.12%
ARES	A	-0.12%
REGN	F	-0.11%
PAYX	C	-0.11%
LNT	A	-0.11%
VLTO	D	-0.11%
AMT	D	-0.11%
AON	A	-0.11%
NEM	D	-0.11%
ACM	A	-0.11%
AJG	B	-0.1%
KMI	A	-0.1%
ROK	B	-0.1%
EQIX	A	-0.1%
MSTR	C	-0.1%
NTRS	A	-0.1%
GLW	B	-0.09%
GM	B	-0.09%
TSCO	D	-0.09%
LNG	B	-0.09%
MTB	A	-0.09%
ROP	B	-0.09%
TRV	B	-0.09%
VRSK	A	-0.09%
SLB	C	-0.09%
ADSK	A	-0.09%
MCHP	D	-0.08%
BR	A	-0.08%
EFX	F	-0.08%
ZTS	D	-0.08%
OTIS	C	-0.08%
HUBB	B	-0.08%
LPLA	A	-0.08%
IR	B	-0.08%
FDS	B	-0.08%
TGT	F	-0.08%
FITB	A	-0.08%
FTNT	C	-0.08%
WDAY	B	-0.08%
BALL	D	-0.08%
BKR	B	-0.07%
HBAN	A	-0.07%
MELI	D	-0.07%
HES	B	-0.07%
DLR	B	-0.07%
AVY	D	-0.07%
CCI	D	-0.06%
JBHT	C	-0.06%
DDOG	A	-0.06%
XYL	D	-0.06%
ON	D	-0.06%
HOOD	B	-0.06%
MPWR	F	-0.06%
OXY	D	-0.06%
TEAM	A	-0.06%
FANG	D	-0.06%
F	C	-0.06%
FBIN	D	-0.06%
RTX	C	-0.06%
TW	A	-0.06%
IQV	D	-0.05%
A	D	-0.05%
ANSS	B	-0.05%
HUBS	A	-0.05%
ATO	A	-0.05%
HPE	B	-0.05%
CG	A	-0.05%
CCK	C	-0.05%
FTV	C	-0.05%
BURL	A	-0.05%
FCNCA	A	-0.05%
KEY	B	-0.05%
DOV	A	-0.05%
PNR	A	-0.04%
PTC	A	-0.04%
ARE	D	-0.04%
WDC	D	-0.04%
TRMB	B	-0.04%
UPS	C	-0.04%
TYL	B	-0.04%
CINF	A	-0.04%
MKL	A	-0.04%
MKTX	D	-0.04%
HAL	C	-0.04%
FSLR	F	-0.04%
EQT	B	-0.04%
SYY	B	-0.04%
IRM	D	-0.04%
BA	F	-0.04%
ZBRA	B	-0.04%
EXR	D	-0.04%
TDY	B	-0.04%
TRU	D	-0.04%
SMCI	F	-0.03%
SWK	D	-0.03%
MRO	B	-0.03%
DT	C	-0.03%
WAT	B	-0.03%
PSTG	D	-0.03%
ZS	C	-0.03%
PAYC	B	-0.03%
DAY	B	-0.03%
ILMN	D	-0.03%
NDSN	B	-0.03%
GD	F	-0.03%
CTRA	B	-0.03%
SBAC	D	-0.03%
WST	C	-0.03%
WRB	A	-0.03%
NOC	D	-0.03%
BIIB	F	-0.03%
DOC	D	-0.03%
WY	D	-0.03%
GGG	B	-0.03%
ENTG	D	-0.03%
LIN	D	-0.03%
SNAP	C	-0.03%
DAL	C	-0.03%
TER	D	-0.03%
IEX	B	-0.03%
AES	F	-0.03%
STX	D	-0.03%
MTD	D	-0.03%
KMX	B	-0.03%
KNX	B	-0.03%
BMRN	D	-0.02%
NBIX	C	-0.02%
LUV	C	-0.02%
MRNA	F	-0.02%
TTC	D	-0.02%
DG	F	-0.02%
SEIC	B	-0.02%
ENPH	F	-0.02%
AXON	A	-0.02%
AVTR	F	-0.02%
ALLY	C	-0.02%
AFG	A	-0.02%
RVTY	F	-0.02%
UHAL	D	-0.02%
IOT	A	-0.02%
CNH	C	-0.02%
LHX	C	-0.02%
OVV	B	-0.02%
DOCU	A	-0.02%
CTVA	C	-0.01%
APD	A	-0.01%
SUI	D	-0.01%
DOW	F	-0.01%
ACI	C	-0.01%
MDB	C	-0.01%
HEI	B	-0.01%
INVH	D	-0.01%
RPRX	D	-0.01%
PYPL	B	-0.01%
TWLO	A	-0.01%
BIO	D	-0.01%
NET	B	-0.01%
APO	B	-0.01%
CTLT	B	-0.01%
DD	D	-0.01%
APA	D	-0.01%
RIVN	F	-0.01%
DLTR	F	-0.01%
EXAS	D	-0.01%
SNOW	C	-0.01%
CRL	C	-0.01%
TECH	D	-0.01%
CHRD	D	-0.01%
BSY	D	-0.01%
HII	D	-0.0%
CHRW	C	-0.0%
FNF	B	-0.0%
HEI	B	-0.0%
EXPD	D	-0.0%