CDEI vs. INRO ETF Comparison

Comparison of Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF (CDEI) to BlackRock U.S. Industry Rotation ETF (INRO)

CDEI

Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF

CDEI Description

Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in securities included in the underlying index. The index is composed of common stocks of large companies that operate their businesses in a manner consistent with the Calvert Principles for Responsible Investment. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$72.40

Average Daily Volume

644

Number of Holdings ^*

370

* 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	CDEI	INRO
30 Days	1.83%	5.09%
60 Days	4.03%	6.25%
90 Days	4.65%	7.10%
12 Months	24.85%

188 Overlapping Holdings

Symbol	Grade	Weight in CDEI	Weight in INRO	Overlap
A	D	0.11%	0.05%	0.05%
AAPL	C	10.52%	5.76%	5.76%
ABBV	D	0.91%	0.39%	0.39%
ACGL	D	0.11%	0.05%	0.05%
ACM	A	0.04%	0.11%	0.04%
ACN	C	0.69%	0.07%	0.07%
ADBE	C	0.71%	0.32%	0.32%
ADI	D	0.32%	0.22%	0.22%
ADP	B	0.37%	0.29%	0.29%
ADSK	A	0.2%	0.09%	0.09%
AES	F	0.03%	0.03%	0.03%
AFG	A	0.03%	0.02%	0.02%
AIG	B	0.15%	0.09%	0.09%
ALL	A	0.16%	0.08%	0.08%
ALLE	D	0.04%	0.08%	0.04%
ALNY	D	0.1%	0.04%	0.04%
AMCR	D	0.04%	0.07%	0.04%
AMD	F	0.68%	0.47%	0.47%
AMGN	D	0.48%	0.2%	0.2%
AMP	A	0.17%	0.19%	0.17%
AMT	D	0.28%	0.11%	0.11%
ANSS	B	0.09%	0.05%	0.05%
AON	A	0.24%	0.11%	0.11%
APH	A	0.26%	0.19%	0.19%
AVGO	D	2.36%	1.54%	1.54%
AVTR	F	0.04%	0.02%	0.02%
AXP	A	0.5%	1.14%	0.5%
BAC	A	0.94%	0.81%	0.81%
BAH	F	0.06%	0.04%	0.04%
BBWI	D	0.02%	0.02%	0.02%
BBY	D	0.06%	0.05%	0.05%
BIIB	F	0.07%	0.03%	0.03%
BIO	D	0.02%	0.01%	0.01%
BK	A	0.17%	0.11%	0.11%
BKR	B	0.13%	0.07%	0.07%
BMY	B	0.36%	0.11%	0.11%
BR	A	0.08%	0.08%	0.08%
BURL	A	0.05%	0.05%	0.05%
C	A	0.39%	0.34%	0.34%
CARR	D	0.19%	0.42%	0.19%
CBOE	B	0.06%	0.04%	0.04%
CCI	D	0.14%	0.06%	0.06%
CCK	C	0.03%	0.05%	0.03%
CFG	B	0.06%	0.06%	0.06%
CME	A	0.24%	0.3%	0.24%
CMI	A	0.15%	0.1%	0.1%
COF	B	0.21%	0.48%	0.21%
CPRT	A	0.15%	0.21%	0.15%
CRM	B	0.94%	0.45%	0.45%
CRWD	B	0.24%	0.12%	0.12%
CSGP	D	0.09%	0.63%	0.09%
DAL	C	0.13%	0.03%	0.03%
DAY	B	0.04%	0.03%	0.03%
DE	A	0.3%	0.2%	0.2%
DELL	C	0.12%	0.07%	0.07%
DFS	B	0.13%	0.29%	0.13%
DG	F	0.05%	0.02%	0.02%
DHR	F	0.48%	0.19%	0.19%
DKS	C	0.03%	0.03%	0.03%
DLR	B	0.18%	0.07%	0.07%
DLTR	F	0.04%	0.01%	0.01%
DOC	D	0.04%	0.03%	0.03%
DOCU	A	0.05%	0.02%	0.02%
DT	C	0.04%	0.03%	0.03%
EBAY	D	0.09%	0.02%	0.02%
ECL	D	0.19%	0.0%	0.0%
EFX	F	0.1%	0.08%	0.08%
EME	C	0.07%	0.19%	0.07%
EMR	A	0.22%	0.24%	0.22%
EPAM	C	0.04%	0.01%	0.01%
EQIX	A	0.26%	0.1%	0.1%
ES	D	0.07%	0.14%	0.07%
ETN	A	0.44%	0.48%	0.44%
EXC	C	0.12%	0.25%	0.12%
EXPD	D	0.05%	0.0%	0.0%
FAST	B	0.14%	0.4%	0.14%
FBIN	D	0.03%	0.06%	0.03%
FDX	B	0.2%	0.02%	0.02%
FI	A	0.37%	0.01%	0.01%
FICO	B	0.17%	0.08%	0.08%
FIS	C	0.15%	0.01%	0.01%
FITB	A	0.1%	0.08%	0.08%
FSLR	F	0.06%	0.04%	0.04%
FTV	C	0.08%	0.05%	0.05%
GEN	B	0.05%	0.02%	0.02%
GILD	C	0.35%	0.14%	0.14%
GOOGL	C	5.91%	3.13%	3.13%
HBAN	A	0.08%	0.07%	0.07%
HD	A	1.22%	1.17%	1.17%
HIG	B	0.1%	0.05%	0.05%
HPE	B	0.08%	0.05%	0.05%
HPQ	B	0.11%	0.06%	0.06%
HUBS	A	0.11%	0.05%	0.05%
IBM	C	0.58%	0.06%	0.06%
ICE	C	0.27%	0.33%	0.27%
IEX	B	0.05%	0.03%	0.03%
INTC	D	0.32%	0.22%	0.22%
INTU	C	0.58%	0.26%	0.26%
IQV	D	0.11%	0.05%	0.05%
IR	B	0.13%	0.08%	0.08%
IT	C	0.12%	0.02%	0.02%
JCI	C	0.17%	0.39%	0.17%
JPM	A	2.08%	1.74%	1.74%
KEY	B	0.05%	0.05%	0.05%
KR	B	0.13%	0.05%	0.05%
LLY	F	2.03%	0.57%	0.57%
LNT	A	0.05%	0.11%	0.05%
LOW	D	0.47%	0.43%	0.43%
LPLA	A	0.07%	0.08%	0.07%
LRCX	F	0.29%	0.19%	0.19%
MA	C	1.3%	0.04%	0.04%
MAS	D	0.05%	0.12%	0.05%
MCO	B	0.23%	0.28%	0.23%
MET	A	0.15%	0.08%	0.08%
MKTX	D	0.03%	0.04%	0.03%
MMC	B	0.33%	0.16%	0.16%
MRK	F	0.76%	0.24%	0.24%
MRNA	F	0.04%	0.02%	0.02%
MSFT	F	9.49%	4.24%	4.24%
MU	D	0.33%	0.23%	0.23%
NDAQ	A	0.1%	0.14%	0.1%
NEE	D	0.47%	0.97%	0.47%
NOW	A	0.65%	0.3%	0.3%
NRG	B	0.06%	0.12%	0.06%
NTAP	C	0.07%	0.04%	0.04%
NTRS	A	0.06%	0.1%	0.06%
NVDA	C	10.49%	7.62%	7.62%
OC	A	0.05%	0.12%	0.05%
ON	D	0.09%	0.06%	0.06%
OTIS	C	0.12%	0.08%	0.08%
PANW	C	0.38%	0.18%	0.18%
PAYC	B	0.03%	0.03%	0.03%
PFE	D	0.45%	0.14%	0.14%
PFG	D	0.06%	0.04%	0.04%
PH	A	0.27%	0.17%	0.17%
PINS	D	0.05%	0.05%	0.05%
PRU	A	0.14%	0.07%	0.07%
PWR	A	0.14%	0.37%	0.14%
PYPL	B	0.27%	0.01%	0.01%
QCOM	F	0.55%	0.39%	0.39%
REGN	F	0.25%	0.11%	0.11%
RF	A	0.07%	0.07%	0.07%
RJF	A	0.09%	0.13%	0.09%
ROK	B	0.1%	0.1%	0.1%
RPRX	D	0.03%	0.01%	0.01%
RSG	A	0.13%	0.2%	0.13%
SCHW	B	0.36%	0.41%	0.36%
SPGI	C	0.48%	0.55%	0.48%
STX	D	0.06%	0.03%	0.03%
SWK	D	0.04%	0.03%	0.03%
SYF	B	0.08%	0.18%	0.08%
SYY	B	0.11%	0.04%	0.04%
TEAM	A	0.12%	0.06%	0.06%
TER	D	0.05%	0.03%	0.03%
TFC	A	0.19%	0.17%	0.17%
TGT	F	0.21%	0.08%	0.08%
TJX	A	0.41%	0.39%	0.39%
TMO	F	0.62%	0.24%	0.24%
TMUS	B	0.35%	4.56%	0.35%
TRMB	B	0.05%	0.04%	0.04%
TRV	B	0.18%	0.09%	0.09%
TSCO	D	0.09%	0.09%	0.09%
TT	A	0.28%	0.65%	0.28%
TTC	D	0.03%	0.02%	0.02%
TW	A	0.04%	0.06%	0.04%
TWLO	A	0.05%	0.01%	0.01%
TYL	B	0.08%	0.04%	0.04%
UNH	C	1.66%	0.01%	0.01%
UNP	C	0.43%	0.54%	0.43%
USB	A	0.24%	0.2%	0.2%
V	A	1.56%	0.04%	0.04%
VRSN	F	0.05%	0.01%	0.01%
VRTX	F	0.38%	0.15%	0.15%
VTR	C	0.08%	0.06%	0.06%
WAB	B	0.1%	0.07%	0.07%
WAT	B	0.07%	0.03%	0.03%
WDC	D	0.06%	0.04%	0.04%
WELL	A	0.25%	0.18%	0.18%
WM	A	0.27%	0.37%	0.27%
WMT	A	1.11%	0.45%	0.45%
WSO	A	0.05%	0.16%	0.05%
WST	C	0.07%	0.03%	0.03%
WY	D	0.07%	0.03%	0.03%
XEL	A	0.12%	0.24%	0.12%
XYL	D	0.09%	0.06%	0.06%
Z	A	0.05%	0.25%	0.05%
ZBRA	B	0.06%	0.04%	0.04%
ZTS	D	0.24%	0.08%	0.08%

CDEI Overweight 182 Positions Relative to INRO

Symbol	Grade	Weight
NFLX	A	1.08%
KO	D	0.74%
CSCO	B	0.7%
PEP	F	0.69%
DIS	B	0.6%
ABT	B	0.6%
VZ	C	0.52%
CMCSA	B	0.51%
BKNG	A	0.51%
T	A	0.48%
SYK	C	0.42%
BSX	B	0.39%
SBUX	A	0.33%
MDT	D	0.33%
ANET	C	0.3%
ELV	F	0.29%
CI	F	0.27%
MDLZ	F	0.26%
MSI	B	0.25%
CL	D	0.23%
CVS	D	0.21%
BDX	F	0.2%
MAR	B	0.2%
HLT	A	0.18%
TTD	B	0.17%
SRE	A	0.17%
SPG	B	0.17%
O	D	0.15%
PEG	A	0.13%
KMB	D	0.13%
YUM	B	0.12%
EW	C	0.12%
EA	A	0.12%
KDP	D	0.11%
GIS	D	0.11%
VEEV	C	0.1%
IDXX	F	0.1%
CNC	D	0.09%
AWK	D	0.08%
HSY	F	0.08%
DECK	A	0.08%
STE	F	0.07%
DTE	C	0.07%
PODD	C	0.06%
CMS	C	0.06%
OMC	C	0.06%
CLX	B	0.06%
IFF	D	0.06%
K	A	0.06%
RGA	A	0.05%
EL	F	0.05%
EQH	B	0.05%
ALGN	D	0.05%
USFD	A	0.05%
BAX	D	0.05%
NTNX	A	0.05%
KIM	A	0.05%
XPO	B	0.05%
HOLX	D	0.05%
SCI	B	0.04%
JEF	A	0.04%
HST	C	0.04%
NVT	B	0.04%
ITT	A	0.04%
JLL	D	0.04%
JKHY	D	0.04%
JNPR	F	0.04%
RNR	C	0.04%
ELS	C	0.04%
CLH	B	0.04%
PFGC	B	0.04%
AKAM	D	0.04%
CAG	D	0.04%
UNM	A	0.04%
TXRH	C	0.04%
POOL	C	0.04%
EWBC	A	0.04%
SOFI	A	0.04%
APTV	D	0.04%
CASY	A	0.04%
HSIC	B	0.03%
CFR	B	0.03%
MOS	F	0.03%
MEDP	D	0.03%
GPK	C	0.03%
BILL	A	0.03%
WTFC	A	0.03%
BRX	A	0.03%
ZION	B	0.03%
SNX	C	0.03%
PEN	B	0.03%
AAON	B	0.03%
PCTY	B	0.03%
ORI	A	0.03%
MORN	B	0.03%
REXR	F	0.03%
CMA	A	0.03%
TPX	B	0.03%
GL	B	0.03%
PRI	A	0.03%
CIEN	B	0.03%
OHI	C	0.03%
AIT	A	0.03%
CUBE	D	0.03%
TTEK	F	0.03%
IPG	D	0.03%
BLD	D	0.03%
LECO	B	0.03%
SJM	D	0.03%
RDN	C	0.02%
INSP	D	0.02%
GATX	A	0.02%
ITRI	B	0.02%
BC	C	0.02%
APPF	B	0.02%
CRUS	D	0.02%
LEA	D	0.02%
THO	B	0.02%
BCPC	B	0.02%
ETSY	D	0.02%
PVH	C	0.02%
CROX	D	0.02%
SUM	B	0.02%
LNC	B	0.02%
JHG	A	0.02%
BPMC	C	0.02%
WHR	B	0.02%
COOP	B	0.02%
IDA	A	0.02%
LYFT	C	0.02%
MTG	C	0.02%
SAIC	F	0.02%
FAF	A	0.02%
MTH	D	0.02%
MAT	D	0.02%
AWI	A	0.02%
DBX	B	0.02%
MTN	C	0.02%
BMI	B	0.02%
RHP	B	0.02%
AZEK	A	0.02%
ALK	C	0.02%
HALO	F	0.02%
FMC	D	0.02%
H	B	0.02%
CADE	B	0.02%
ATI	D	0.02%
ELAN	D	0.02%
ONB	B	0.02%
FCN	D	0.02%
PARA	C	0.02%
EXLS	B	0.02%
MIDD	C	0.02%
GTLS	B	0.02%
CVLT	B	0.02%
G	B	0.02%
VFC	C	0.02%
RHI	B	0.02%
TREX	C	0.02%
MKSI	C	0.02%
NNN	D	0.02%
BWA	D	0.02%
SNV	B	0.02%
SKX	D	0.02%
HQY	B	0.02%
AGR	B	0.01%
COLM	B	0.01%
CWEN	C	0.01%
TNET	D	0.01%
ASH	D	0.01%
OGN	D	0.01%
CHH	A	0.01%
FELE	B	0.01%
FLO	D	0.01%
M	D	0.01%
SLGN	A	0.01%
CELH	F	0.01%
SWX	B	0.01%
POR	C	0.01%
MMS	F	0.01%
TENB	C	0.01%
SON	D	0.01%

CDEI Underweight 241 Positions Relative to INRO

Symbol	Grade	Weight
META	D	-3.68%
GOOG	C	-2.72%
HON	B	-1.6%
AMZN	C	-1.47%
BXP	D	-1.35%
TSLA	B	-1.32%
XOM	B	-0.95%
CBRE	B	-0.87%
PM	B	-0.87%
MMM	D	-0.76%
GS	A	-0.64%
WFC	A	-0.64%
SO	D	-0.6%
VMC	B	-0.59%
MLM	B	-0.57%
MS	A	-0.55%
DUK	C	-0.54%
CVX	A	-0.5%
UBER	D	-0.49%
URI	B	-0.47%
COST	B	-0.47%
BX	A	-0.45%
ORCL	B	-0.45%
CEG	D	-0.45%
GWW	B	-0.44%
MO	A	-0.41%
TXN	C	-0.39%
JNJ	D	-0.37%
CAT	B	-0.35%
CTAS	B	-0.34%
DHI	D	-0.33%
AEP	D	-0.32%
KKR	A	-0.31%
GEV	B	-0.31%
AMAT	F	-0.3%
LEN	D	-0.28%
PCG	A	-0.26%
CSX	B	-0.25%
COP	C	-0.24%
PGR	A	-0.23%
GRMN	B	-0.22%
NSC	B	-0.22%
WCN	A	-0.21%
ORLY	B	-0.21%
PNC	B	-0.21%
EIX	B	-0.21%
NVR	D	-0.21%
COIN	C	-0.2%
ETR	B	-0.2%
VST	B	-0.19%
PLTR	B	-0.18%
PHM	D	-0.18%
CB	C	-0.17%
KLAC	D	-0.17%
ODFL	B	-0.16%
MSCI	C	-0.16%
VRT	B	-0.16%
MRVL	B	-0.16%
EOG	A	-0.15%
AME	A	-0.15%
FE	C	-0.15%
AZO	C	-0.15%
BLDR	D	-0.15%
ITW	B	-0.15%
ROST	C	-0.14%
LII	A	-0.14%
CSL	C	-0.14%
WMB	A	-0.13%
SW	A	-0.13%
FCX	D	-0.12%
SNPS	B	-0.12%
CDNS	B	-0.12%
NXPI	D	-0.12%
OKE	A	-0.12%
ARES	A	-0.12%
EVRG	A	-0.11%
PAYX	C	-0.11%
VLTO	D	-0.11%
PCAR	B	-0.11%
NEM	D	-0.11%
APP	B	-0.1%
AJG	B	-0.1%
PKG	A	-0.1%
KMI	A	-0.1%
PSX	C	-0.1%
MPC	D	-0.1%
MSTR	C	-0.1%
GLW	B	-0.09%
GM	B	-0.09%
IP	B	-0.09%
LNG	B	-0.09%
MTB	A	-0.09%
AFL	B	-0.09%
ROP	B	-0.09%
VRSK	A	-0.09%
SLB	C	-0.09%
MCHP	D	-0.08%
TRGP	B	-0.08%
HUBB	B	-0.08%
FDS	B	-0.08%
GE	D	-0.08%
VLO	C	-0.08%
FTNT	C	-0.08%
WDAY	B	-0.08%
BALL	D	-0.08%
PSA	D	-0.07%
MELI	D	-0.07%
HES	B	-0.07%
AVY	D	-0.07%
JBHT	C	-0.06%
DDOG	A	-0.06%
KEYS	A	-0.06%
HOOD	B	-0.06%
MPWR	F	-0.06%
AOS	F	-0.06%
OXY	D	-0.06%
FANG	D	-0.06%
BRK.A	B	-0.06%
F	C	-0.06%
ROL	B	-0.06%
RTX	C	-0.06%
WTW	B	-0.05%
LMT	D	-0.05%
PPL	B	-0.05%
ULTA	F	-0.05%
ATO	A	-0.05%
LDOS	C	-0.05%
CG	A	-0.05%
TROW	B	-0.05%
TPL	A	-0.05%
CDW	F	-0.05%
WSM	B	-0.05%
FCNCA	A	-0.05%
DOV	A	-0.05%
VICI	C	-0.05%
STT	A	-0.05%
PNR	A	-0.04%
SNA	A	-0.04%
PTC	A	-0.04%
ARE	D	-0.04%
UPS	C	-0.04%
BRO	B	-0.04%
CINF	A	-0.04%
J	F	-0.04%
MKL	A	-0.04%
HAL	C	-0.04%
DVN	F	-0.04%
EQT	B	-0.04%
IRM	D	-0.04%
BA	F	-0.04%
EXR	D	-0.04%
TDY	B	-0.04%
TRU	D	-0.04%
SMCI	F	-0.03%
MANH	D	-0.03%
MRO	B	-0.03%
EG	C	-0.03%
PSTG	D	-0.03%
ZS	C	-0.03%
SWKS	F	-0.03%
ILMN	D	-0.03%
NDSN	B	-0.03%
GD	F	-0.03%
CTRA	B	-0.03%
SBAC	D	-0.03%
WRB	A	-0.03%
NOC	D	-0.03%
L	A	-0.03%
TDG	D	-0.03%
GGG	B	-0.03%
ENTG	D	-0.03%
LIN	D	-0.03%
SNAP	C	-0.03%
JBL	B	-0.03%
ZM	B	-0.03%
SSNC	B	-0.03%
BEN	C	-0.03%
MTD	D	-0.03%
KMX	B	-0.03%
KNX	B	-0.03%
INCY	C	-0.02%
BMRN	D	-0.02%
NBIX	C	-0.02%
LUV	C	-0.02%
DINO	D	-0.02%
SEIC	B	-0.02%
ERIE	D	-0.02%
ENPH	F	-0.02%
AXON	A	-0.02%
AIZ	A	-0.02%
ALLY	C	-0.02%
HWM	A	-0.02%
RVTY	F	-0.02%
UHAL	D	-0.02%
IOT	A	-0.02%
UTHR	C	-0.02%
CNH	C	-0.02%
LHX	C	-0.02%
MTCH	D	-0.02%
OVV	B	-0.02%
GLPI	C	-0.02%
CPT	B	-0.01%
CTVA	C	-0.01%
APD	A	-0.01%
SUI	D	-0.01%
DOW	F	-0.01%
ACI	C	-0.01%
SHW	A	-0.01%
STLD	B	-0.01%
TXT	D	-0.01%
MDB	C	-0.01%
ESS	B	-0.01%
RS	B	-0.01%
MAA	B	-0.01%
HEI	B	-0.01%
INVH	D	-0.01%
VTRS	A	-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%
EQR	B	-0.01%
EXAS	D	-0.01%
NUE	C	-0.01%
SNOW	C	-0.01%
CRL	C	-0.01%
AVB	B	-0.01%
QRVO	F	-0.01%
TECH	D	-0.01%
CHRD	D	-0.01%
GDDY	A	-0.01%
BSY	D	-0.01%
CTSH	B	-0.01%
LYB	F	-0.0%
HII	D	-0.0%
CHRW	C	-0.0%
FNF	B	-0.0%
HEI	B	-0.0%
WBA	F	-0.0%