HELO vs. INRO ETF Comparison

Comparison of JPMorgan Hedged Equity Laddered Overlay ETF (HELO) to BlackRock U.S. Industry Rotation ETF (INRO)

HELO

JPMorgan Hedged Equity Laddered Overlay ETF

HELO Description

The fund seeks to provide capital appreciation through participation in the broad equity markets while hedging overall market exposure relative to traditional long-only equity strategies. Under normal circumstances, it invests at least 80% of its assets in equity securities. The fund uses an enhanced index strategy to invest in equity securities similar to those in the S&P 500 Index, which primarily consist of common stocks of large capitalization U.S. companies.

Grade (RS Rating)

Last Trade

$62.66

Average Daily Volume

282,728

Number of Holdings ^*

161

* 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	HELO	INRO
30 Days	1.57%	5.09%
60 Days	3.39%	6.25%
90 Days	4.59%	7.10%
12 Months	20.91%

118 Overlapping Holdings

Symbol	Grade	Weight in HELO	Weight in INRO	Overlap
AAPL	C	6.83%	5.76%	5.76%
ABBV	D	1.14%	0.39%	0.39%
ACN	C	0.21%	0.07%	0.07%
ADBE	C	0.18%	0.32%	0.18%
ADI	D	0.72%	0.22%	0.22%
AMD	F	0.45%	0.47%	0.45%
AME	A	0.06%	0.15%	0.06%
AMP	A	0.2%	0.19%	0.19%
AMZN	C	4.5%	1.47%	1.47%
AON	A	0.44%	0.11%	0.11%
AVGO	D	1.02%	1.54%	1.02%
AXP	A	0.21%	1.14%	0.21%
AZO	C	0.65%	0.15%	0.15%
BAC	A	1.26%	0.81%	0.81%
BBY	D	0.2%	0.05%	0.05%
BIIB	F	0.12%	0.03%	0.03%
BKR	B	0.24%	0.07%	0.07%
BMRN	D	0.03%	0.02%	0.02%
BMY	B	0.68%	0.11%	0.11%
BRK.A	B	1.53%	0.06%	0.06%
BURL	A	0.24%	0.05%	0.05%
C	A	0.3%	0.34%	0.3%
CARR	D	0.46%	0.42%	0.42%
CDNS	B	0.17%	0.12%	0.12%
CME	A	0.59%	0.3%	0.3%
COP	C	0.81%	0.24%	0.24%
COST	B	0.53%	0.47%	0.47%
CRM	B	1.15%	0.45%	0.45%
CSX	B	0.41%	0.25%	0.25%
CTSH	B	0.49%	0.01%	0.01%
CVX	A	0.18%	0.5%	0.18%
DAL	C	0.23%	0.03%	0.03%
DE	A	0.68%	0.2%	0.2%
DHR	F	0.44%	0.19%	0.19%
DLR	B	0.39%	0.07%	0.07%
DOW	F	0.35%	0.01%	0.01%
EOG	A	0.47%	0.15%	0.15%
EQIX	A	0.07%	0.1%	0.07%
EQT	B	0.06%	0.04%	0.04%
ETN	A	0.38%	0.48%	0.38%
FANG	D	0.31%	0.06%	0.06%
FDX	B	0.33%	0.02%	0.02%
FICO	B	0.12%	0.08%	0.08%
FIS	C	0.52%	0.01%	0.01%
FITB	A	0.48%	0.08%	0.08%
GOOG	C	1.46%	2.72%	1.46%
GOOGL	C	2.09%	3.13%	2.09%
GS	A	0.75%	0.64%	0.64%
HON	B	0.98%	1.6%	0.98%
HPE	B	0.18%	0.05%	0.05%
HWM	A	0.62%	0.02%	0.02%
INTU	C	0.51%	0.26%	0.26%
IR	B	0.23%	0.08%	0.08%
JNJ	D	0.51%	0.37%	0.37%
KKR	A	0.2%	0.31%	0.2%
LDOS	C	0.39%	0.05%	0.05%
LEN	D	0.14%	0.28%	0.14%
LIN	D	0.82%	0.03%	0.03%
LLY	F	1.07%	0.57%	0.57%
LOW	D	0.99%	0.43%	0.43%
LRCX	F	0.37%	0.19%	0.19%
LYB	F	0.23%	0.0%	0.0%
MA	C	1.72%	0.04%	0.04%
MAS	D	0.23%	0.12%	0.12%
MET	A	0.3%	0.08%	0.08%
META	D	2.9%	3.68%	2.9%
MLM	B	0.16%	0.57%	0.16%
MMC	B	0.14%	0.16%	0.14%
MO	A	0.15%	0.41%	0.15%
MRK	F	0.24%	0.24%	0.24%
MRVL	B	0.06%	0.16%	0.06%
MSFT	F	7.13%	4.24%	4.24%
MU	D	0.57%	0.23%	0.23%
NBIX	C	0.08%	0.02%	0.02%
NEE	D	0.83%	0.97%	0.83%
NOC	D	0.17%	0.03%	0.03%
NOW	A	0.94%	0.3%	0.3%
NRG	B	0.04%	0.12%	0.04%
NUE	C	0.11%	0.01%	0.01%
NVDA	C	7.8%	7.62%	7.62%
NXPI	D	0.72%	0.12%	0.12%
ORCL	B	0.36%	0.45%	0.36%
OTIS	C	0.5%	0.08%	0.08%
PCAR	B	0.18%	0.11%	0.11%
PCG	A	0.5%	0.26%	0.26%
PFG	D	0.13%	0.04%	0.04%
PGR	A	0.75%	0.23%	0.23%
PM	B	0.32%	0.87%	0.32%
REGN	F	0.45%	0.11%	0.11%
ROST	C	0.44%	0.14%	0.14%
SBAC	D	0.31%	0.03%	0.03%
SCHW	B	0.42%	0.41%	0.41%
SO	D	0.84%	0.6%	0.6%
STX	D	0.41%	0.03%	0.03%
TDG	D	0.52%	0.03%	0.03%
TFC	A	0.56%	0.17%	0.17%
TGT	F	0.14%	0.08%	0.08%
TMO	F	0.89%	0.24%	0.24%
TMUS	B	0.17%	4.56%	0.17%
TRV	B	0.34%	0.09%	0.09%
TSLA	B	1.58%	1.32%	1.32%
TT	A	0.96%	0.65%	0.65%
TXN	C	0.87%	0.39%	0.39%
TXT	D	0.29%	0.01%	0.01%
UBER	D	0.58%	0.49%	0.49%
UNH	C	1.62%	0.01%	0.01%
UNP	C	0.17%	0.54%	0.17%
UPS	C	0.54%	0.04%	0.04%
URI	B	0.13%	0.47%	0.13%
USB	A	0.33%	0.2%	0.2%
V	A	1.49%	0.04%	0.04%
VRTX	F	0.6%	0.15%	0.15%
VST	B	0.1%	0.19%	0.1%
VTR	C	0.39%	0.06%	0.06%
WDC	D	0.18%	0.04%	0.04%
WELL	A	0.27%	0.18%	0.18%
WFC	A	1.0%	0.64%	0.64%
XOM	B	1.43%	0.95%	0.95%

HELO Overweight 43 Positions Relative to INRO

Symbol	Grade	Weight
PEP	F	0.83%
MCD	D	0.81%
SYK	C	0.76%
BKNG	A	0.75%
MDLZ	F	0.72%
CMCSA	B	0.71%
KO	D	0.63%
BSX	B	0.52%
CMG	B	0.51%
PLD	D	0.5%
YUM	B	0.5%
CPAY	A	0.47%
MDT	D	0.46%
HLT	A	0.36%
RCL	A	0.34%
CI	F	0.34%
MNST	C	0.32%
DIS	B	0.31%
CHD	B	0.3%
EXPE	B	0.29%
KVUE	A	0.26%
CHTR	C	0.25%
PPG	F	0.21%
ABT	B	0.19%
ELS	C	0.19%
T	A	0.18%
MSI	B	0.17%
MCK	B	0.16%
HUM	C	0.16%
ANET	C	0.15%
PG	A	0.14%
SQ	B	0.14%
LULU	C	0.13%
HCA	F	0.11%
DASH	A	0.11%
CMS	C	0.1%
APTV	D	0.1%
WMG	C	0.1%
SIRI	C	0.07%
BAX	D	0.06%
EL	F	0.05%
SRPT	D	0.03%
LKQ	D	0.02%

HELO Underweight 311 Positions Relative to INRO

Symbol	Grade	Weight
JPM	A	-1.74%
BXP	D	-1.35%
HD	A	-1.17%
CBRE	B	-0.87%
MMM	D	-0.76%
CSGP	D	-0.63%
VMC	B	-0.59%
MS	A	-0.55%
SPGI	C	-0.55%
DUK	C	-0.54%
COF	B	-0.48%
BX	A	-0.45%
CEG	D	-0.45%
WMT	A	-0.45%
GWW	B	-0.44%
FAST	B	-0.4%
QCOM	F	-0.39%
JCI	C	-0.39%
TJX	A	-0.39%
WM	A	-0.37%
PWR	A	-0.37%
CAT	B	-0.35%
CTAS	B	-0.34%
ICE	C	-0.33%
DHI	D	-0.33%
AEP	D	-0.32%
GEV	B	-0.31%
AMAT	F	-0.3%
ADP	B	-0.29%
DFS	B	-0.29%
MCO	B	-0.28%
EXC	C	-0.25%
Z	A	-0.25%
XEL	A	-0.24%
EMR	A	-0.24%
GRMN	B	-0.22%
INTC	D	-0.22%
NSC	B	-0.22%
WCN	A	-0.21%
ORLY	B	-0.21%
PNC	B	-0.21%
CPRT	A	-0.21%
EIX	B	-0.21%
NVR	D	-0.21%
AMGN	D	-0.2%
RSG	A	-0.2%
COIN	C	-0.2%
ETR	B	-0.2%
EME	C	-0.19%
APH	A	-0.19%
SYF	B	-0.18%
PANW	C	-0.18%
PLTR	B	-0.18%
PHM	D	-0.18%
CB	C	-0.17%
PH	A	-0.17%
KLAC	D	-0.17%
ODFL	B	-0.16%
WSO	A	-0.16%
MSCI	C	-0.16%
VRT	B	-0.16%
FE	C	-0.15%
BLDR	D	-0.15%
ITW	B	-0.15%
NDAQ	A	-0.14%
ES	D	-0.14%
PFE	D	-0.14%
LII	A	-0.14%
CSL	C	-0.14%
GILD	C	-0.14%
WMB	A	-0.13%
RJF	A	-0.13%
SW	A	-0.13%
FCX	D	-0.12%
OC	A	-0.12%
SNPS	B	-0.12%
CRWD	B	-0.12%
OKE	A	-0.12%
ARES	A	-0.12%
EVRG	A	-0.11%
PAYX	C	-0.11%
LNT	A	-0.11%
VLTO	D	-0.11%
BK	A	-0.11%
AMT	D	-0.11%
NEM	D	-0.11%
ACM	A	-0.11%
APP	B	-0.1%
AJG	B	-0.1%
CMI	A	-0.1%
PKG	A	-0.1%
KMI	A	-0.1%
PSX	C	-0.1%
MPC	D	-0.1%
ROK	B	-0.1%
MSTR	C	-0.1%
NTRS	A	-0.1%
GLW	B	-0.09%
GM	B	-0.09%
TSCO	D	-0.09%
IP	B	-0.09%
AIG	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%
ADSK	A	-0.09%
MCHP	D	-0.08%
BR	A	-0.08%
TRGP	B	-0.08%
EFX	F	-0.08%
ZTS	D	-0.08%
HUBB	B	-0.08%
LPLA	A	-0.08%
FDS	B	-0.08%
GE	D	-0.08%
ALL	A	-0.08%
VLO	C	-0.08%
ALLE	D	-0.08%
FTNT	C	-0.08%
WDAY	B	-0.08%
BALL	D	-0.08%
PSA	D	-0.07%
DELL	C	-0.07%
HBAN	A	-0.07%
WAB	B	-0.07%
RF	A	-0.07%
MELI	D	-0.07%
PRU	A	-0.07%
AMCR	D	-0.07%
HES	B	-0.07%
AVY	D	-0.07%
CCI	D	-0.06%
CFG	B	-0.06%
JBHT	C	-0.06%
DDOG	A	-0.06%
XYL	D	-0.06%
KEYS	A	-0.06%
ON	D	-0.06%
HOOD	B	-0.06%
MPWR	F	-0.06%
AOS	F	-0.06%
OXY	D	-0.06%
TEAM	A	-0.06%
F	C	-0.06%
ROL	B	-0.06%
HPQ	B	-0.06%
FBIN	D	-0.06%
RTX	C	-0.06%
TW	A	-0.06%
IBM	C	-0.06%
IQV	D	-0.05%
KR	B	-0.05%
WTW	B	-0.05%
LMT	D	-0.05%
A	D	-0.05%
PPL	B	-0.05%
ANSS	B	-0.05%
HUBS	A	-0.05%
ULTA	F	-0.05%
ATO	A	-0.05%
CG	A	-0.05%
CCK	C	-0.05%
FTV	C	-0.05%
TROW	B	-0.05%
TPL	A	-0.05%
CDW	F	-0.05%
WSM	B	-0.05%
FCNCA	A	-0.05%
PINS	D	-0.05%
HIG	B	-0.05%
KEY	B	-0.05%
DOV	A	-0.05%
VICI	C	-0.05%
ACGL	D	-0.05%
STT	A	-0.05%
PNR	A	-0.04%
SNA	A	-0.04%
PTC	A	-0.04%
ARE	D	-0.04%
TRMB	B	-0.04%
ALNY	D	-0.04%
BRO	B	-0.04%
TYL	B	-0.04%
CINF	A	-0.04%
J	F	-0.04%
MKL	A	-0.04%
MKTX	D	-0.04%
HAL	C	-0.04%
FSLR	F	-0.04%
CBOE	B	-0.04%
DVN	F	-0.04%
SYY	B	-0.04%
IRM	D	-0.04%
BA	F	-0.04%
BAH	F	-0.04%
ZBRA	B	-0.04%
EXR	D	-0.04%
NTAP	C	-0.04%
TDY	B	-0.04%
TRU	D	-0.04%
SMCI	F	-0.03%
SWK	D	-0.03%
MANH	D	-0.03%
MRO	B	-0.03%
DT	C	-0.03%
EG	C	-0.03%
WAT	B	-0.03%
PSTG	D	-0.03%
ZS	C	-0.03%
PAYC	B	-0.03%
SWKS	F	-0.03%
DAY	B	-0.03%
ILMN	D	-0.03%
NDSN	B	-0.03%
GD	F	-0.03%
CTRA	B	-0.03%
WST	C	-0.03%
WRB	A	-0.03%
L	A	-0.03%
DOC	D	-0.03%
WY	D	-0.03%
GGG	B	-0.03%
ENTG	D	-0.03%
SNAP	C	-0.03%
JBL	B	-0.03%
ZM	B	-0.03%
TER	D	-0.03%
IEX	B	-0.03%
AES	F	-0.03%
SSNC	B	-0.03%
BEN	C	-0.03%
DKS	C	-0.03%
MTD	D	-0.03%
KMX	B	-0.03%
KNX	B	-0.03%
INCY	C	-0.02%
IT	C	-0.02%
LUV	C	-0.02%
MRNA	F	-0.02%
TTC	D	-0.02%
DINO	D	-0.02%
DG	F	-0.02%
SEIC	B	-0.02%
ERIE	D	-0.02%
ENPH	F	-0.02%
AXON	A	-0.02%
AVTR	F	-0.02%
AIZ	A	-0.02%
ALLY	C	-0.02%
AFG	A	-0.02%
RVTY	F	-0.02%
UHAL	D	-0.02%
IOT	A	-0.02%
UTHR	C	-0.02%
BBWI	D	-0.02%
CNH	C	-0.02%
LHX	C	-0.02%
MTCH	D	-0.02%
OVV	B	-0.02%
DOCU	A	-0.02%
GLPI	C	-0.02%
EBAY	D	-0.02%
GEN	B	-0.02%
CPT	B	-0.01%
CTVA	C	-0.01%
APD	A	-0.01%
SUI	D	-0.01%
ACI	C	-0.01%
SHW	A	-0.01%
STLD	B	-0.01%
MDB	C	-0.01%
ESS	B	-0.01%
RS	B	-0.01%
VRSN	F	-0.01%
MAA	B	-0.01%
HEI	B	-0.01%
INVH	D	-0.01%
RPRX	D	-0.01%
PYPL	B	-0.01%
EPAM	C	-0.01%
VTRS	A	-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%
EQR	B	-0.01%
DLTR	F	-0.01%
EXAS	D	-0.01%
SNOW	C	-0.01%
CRL	C	-0.01%
AVB	B	-0.01%
FI	A	-0.01%
QRVO	F	-0.01%
TECH	D	-0.01%
CHRD	D	-0.01%
GDDY	A	-0.01%
BSY	D	-0.01%
HII	D	-0.0%
ECL	D	-0.0%
CHRW	C	-0.0%
FNF	B	-0.0%
HEI	B	-0.0%
WBA	F	-0.0%
EXPD	D	-0.0%