INRO vs. FELC ETF Comparison

Comparison of BlackRock U.S. Industry Rotation ETF (INRO) to Fidelity Enhanced Large Cap Core ETF (FELC)

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

FELC

Fidelity Enhanced Large Cap Core ETF

FELC Description

The fund will normally invest at least 80% of assets in common stocks included in the S&P 500® Index, which is a market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance. The adviser will generally use computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the index. It will invest in domestic and foreign issuers.

Grade (RS Rating)

Last Trade

$33.43

Average Daily Volume

581,796

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

Performance

Period	INRO	FELC
30 Days	5.09%	3.27%
60 Days	6.25%	5.09%
90 Days	7.10%	6.09%
12 Months		33.74%

114 Overlapping Holdings

Symbol	Grade	Weight in INRO	Weight in FELC	Overlap
A	D	0.05%	0.03%	0.03%
AAPL	C	5.76%	7.38%	5.76%
ABBV	D	0.39%	1.02%	0.39%
ADBE	C	0.32%	0.94%	0.32%
ADP	B	0.29%	0.2%	0.2%
AES	F	0.03%	0.01%	0.01%
ALLE	D	0.08%	0.33%	0.08%
AMAT	F	0.3%	0.68%	0.3%
AMGN	D	0.2%	0.33%	0.2%
AMT	D	0.11%	0.24%	0.11%
AMZN	C	1.47%	3.93%	1.47%
AON	A	0.11%	0.35%	0.11%
AVGO	D	1.54%	1.72%	1.54%
AXP	A	1.14%	0.31%	0.31%
BAC	A	0.81%	1.2%	0.81%
BBWI	D	0.02%	0.11%	0.02%
BIIB	F	0.03%	0.1%	0.03%
BK	A	0.11%	0.11%	0.11%
BMY	B	0.11%	0.75%	0.11%
BRK.A	B	0.06%	2.25%	0.06%
C	A	0.34%	0.02%	0.02%
CAT	B	0.35%	0.57%	0.35%
CME	A	0.3%	0.5%	0.3%
COST	B	0.47%	0.31%	0.31%
CRM	B	0.45%	1.15%	0.45%
CSX	B	0.25%	0.54%	0.25%
CTAS	B	0.34%	0.69%	0.34%
CVX	A	0.5%	0.01%	0.01%
DHI	D	0.33%	0.06%	0.06%
DOCU	A	0.02%	0.02%	0.02%
DVN	F	0.04%	0.53%	0.04%
ECL	D	0.0%	0.63%	0.0%
EOG	A	0.15%	0.54%	0.15%
F	C	0.06%	0.11%	0.06%
FTNT	C	0.08%	0.15%	0.08%
GE	D	0.08%	0.39%	0.08%
GILD	C	0.14%	0.74%	0.14%
GOOG	C	2.72%	1.9%	1.9%
GOOGL	C	3.13%	2.05%	2.05%
GRMN	B	0.22%	0.22%	0.22%
GS	A	0.64%	0.15%	0.15%
HD	A	1.17%	1.29%	1.17%
HWM	A	0.02%	0.1%	0.02%
INCY	C	0.02%	0.28%	0.02%
JNJ	D	0.37%	0.74%	0.37%
JPM	A	1.74%	1.94%	1.74%
KLAC	D	0.17%	0.63%	0.17%
KR	B	0.05%	0.03%	0.03%
LDOS	C	0.05%	0.24%	0.05%
LHX	C	0.02%	0.21%	0.02%
LLY	F	0.57%	0.76%	0.57%
LMT	D	0.05%	0.71%	0.05%
LPLA	A	0.08%	0.03%	0.03%
LRCX	F	0.19%	0.44%	0.19%
MA	C	0.04%	1.36%	0.04%
META	D	3.68%	2.89%	2.89%
MKL	A	0.04%	0.08%	0.04%
MMC	B	0.16%	0.29%	0.16%
MMM	D	0.76%	0.13%	0.13%
MRK	F	0.24%	0.99%	0.24%
MS	A	0.55%	0.31%	0.31%
MSCI	C	0.16%	0.33%	0.16%
MSFT	F	4.24%	5.68%	4.24%
MU	D	0.23%	0.66%	0.23%
NBIX	C	0.02%	0.11%	0.02%
NEE	D	0.97%	0.84%	0.84%
NOC	D	0.03%	0.6%	0.03%
NOW	A	0.3%	0.55%	0.3%
NRG	B	0.12%	0.11%	0.11%
NSC	B	0.22%	0.38%	0.22%
NUE	C	0.01%	0.2%	0.01%
NVDA	C	7.62%	7.39%	7.39%
ORCL	B	0.45%	0.05%	0.05%
OXY	D	0.06%	0.19%	0.06%
PCAR	B	0.11%	0.52%	0.11%
PFE	D	0.14%	0.42%	0.14%
PGR	A	0.23%	0.74%	0.23%
PM	B	0.87%	0.94%	0.87%
PNC	B	0.21%	0.12%	0.12%
PSA	D	0.07%	0.09%	0.07%
PYPL	B	0.01%	0.34%	0.01%
QCOM	F	0.39%	0.88%	0.39%
QRVO	F	0.01%	0.12%	0.01%
ROST	C	0.14%	0.04%	0.04%
RSG	A	0.2%	0.24%	0.2%
RTX	C	0.06%	0.7%	0.06%
SCHW	B	0.41%	0.8%	0.41%
SEIC	B	0.02%	0.3%	0.02%
SPGI	C	0.55%	0.31%	0.31%
SSNC	B	0.03%	0.38%	0.03%
STLD	B	0.01%	0.06%	0.01%
SWKS	F	0.03%	0.03%	0.03%
TJX	A	0.39%	0.59%	0.39%
TMO	F	0.24%	0.33%	0.24%
TMUS	B	4.56%	0.31%	0.31%
TROW	B	0.05%	0.31%	0.05%
TRV	B	0.09%	0.43%	0.09%
TSLA	B	1.32%	1.31%	1.31%
TT	A	0.65%	0.52%	0.52%
TWLO	A	0.01%	0.13%	0.01%
TXT	D	0.01%	0.52%	0.01%
UBER	D	0.49%	0.14%	0.14%
UNH	C	0.01%	0.57%	0.01%
UNP	C	0.54%	0.76%	0.54%
V	A	0.04%	0.82%	0.04%
VST	B	0.19%	0.12%	0.12%
WDAY	B	0.08%	0.16%	0.08%
WFC	A	0.64%	0.1%	0.1%
WM	A	0.37%	0.32%	0.32%
WMT	A	0.45%	1.14%	0.45%
WTW	B	0.05%	0.14%	0.05%
XOM	B	0.95%	1.56%	0.95%
ZBRA	B	0.04%	0.06%	0.04%
ZM	B	0.03%	0.51%	0.03%

INRO Overweight 315 Positions Relative to FELC

Symbol	Grade	Weight
HON	B	1.6%
BXP	D	1.35%
CBRE	B	0.87%
CSGP	D	0.63%
SO	D	0.6%
VMC	B	0.59%
MLM	B	0.57%
DUK	C	0.54%
ETN	A	0.48%
COF	B	0.48%
URI	B	0.47%
AMD	F	0.47%
BX	A	0.45%
CEG	D	0.45%
GWW	B	0.44%
LOW	D	0.43%
CARR	D	0.42%
MO	A	0.41%
FAST	B	0.4%
TXN	C	0.39%
JCI	C	0.39%
PWR	A	0.37%
ICE	C	0.33%
AEP	D	0.32%
KKR	A	0.31%
GEV	B	0.31%
DFS	B	0.29%
LEN	D	0.28%
MCO	B	0.28%
INTU	C	0.26%
PCG	A	0.26%
EXC	C	0.25%
Z	A	0.25%
XEL	A	0.24%
EMR	A	0.24%
COP	C	0.24%
INTC	D	0.22%
ADI	D	0.22%
WCN	A	0.21%
ORLY	B	0.21%
CPRT	A	0.21%
EIX	B	0.21%
NVR	D	0.21%
DE	A	0.2%
USB	A	0.2%
COIN	C	0.2%
ETR	B	0.2%
EME	C	0.19%
APH	A	0.19%
AMP	A	0.19%
DHR	F	0.19%
SYF	B	0.18%
PANW	C	0.18%
WELL	A	0.18%
PLTR	B	0.18%
PHM	D	0.18%
TFC	A	0.17%
CB	C	0.17%
PH	A	0.17%
ODFL	B	0.16%
WSO	A	0.16%
VRT	B	0.16%
MRVL	B	0.16%
AME	A	0.15%
FE	C	0.15%
AZO	C	0.15%
VRTX	F	0.15%
BLDR	D	0.15%
ITW	B	0.15%
NDAQ	A	0.14%
ES	D	0.14%
LII	A	0.14%
CSL	C	0.14%
WMB	A	0.13%
RJF	A	0.13%
SW	A	0.13%
FCX	D	0.12%
MAS	D	0.12%
OC	A	0.12%
SNPS	B	0.12%
CDNS	B	0.12%
CRWD	B	0.12%
NXPI	D	0.12%
OKE	A	0.12%
ARES	A	0.12%
EVRG	A	0.11%
REGN	F	0.11%
PAYX	C	0.11%
LNT	A	0.11%
VLTO	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%
EQIX	A	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%
OTIS	C	0.08%
HUBB	B	0.08%
MET	A	0.08%
IR	B	0.08%
FDS	B	0.08%
ALL	A	0.08%
TGT	F	0.08%
FITB	A	0.08%
FICO	B	0.08%
VLO	C	0.08%
BALL	D	0.08%
BKR	B	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%
DLR	B	0.07%
AVY	D	0.07%
ACN	C	0.07%
CCI	D	0.06%
CFG	B	0.06%
JBHT	C	0.06%
DDOG	A	0.06%
XYL	D	0.06%
VTR	C	0.06%
KEYS	A	0.06%
ON	D	0.06%
HOOD	B	0.06%
MPWR	F	0.06%
AOS	F	0.06%
TEAM	A	0.06%
FANG	D	0.06%
ROL	B	0.06%
HPQ	B	0.06%
FBIN	D	0.06%
TW	A	0.06%
IBM	C	0.06%
IQV	D	0.05%
PPL	B	0.05%
ANSS	B	0.05%
HUBS	A	0.05%
ULTA	F	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%
TPL	A	0.05%
CDW	F	0.05%
WSM	B	0.05%
FCNCA	A	0.05%
BBY	D	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%
WDC	D	0.04%
TRMB	B	0.04%
UPS	C	0.04%
ALNY	D	0.04%
BRO	B	0.04%
TYL	B	0.04%
CINF	A	0.04%
J	F	0.04%
MKTX	D	0.04%
HAL	C	0.04%
FSLR	F	0.04%
CBOE	B	0.04%
EQT	B	0.04%
PFG	D	0.04%
SYY	B	0.04%
IRM	D	0.04%
BA	F	0.04%
BAH	F	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%
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%
L	A	0.03%
DOC	D	0.03%
TDG	D	0.03%
WY	D	0.03%
GGG	B	0.03%
ENTG	D	0.03%
LIN	D	0.03%
SNAP	C	0.03%
JBL	B	0.03%
DAL	C	0.03%
TER	D	0.03%
IEX	B	0.03%
BEN	C	0.03%
STX	D	0.03%
DKS	C	0.03%
MTD	D	0.03%
KMX	B	0.03%
KNX	B	0.03%
IT	C	0.02%
BMRN	D	0.02%
LUV	C	0.02%
MRNA	F	0.02%
TTC	D	0.02%
DINO	D	0.02%
DG	F	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%
CNH	C	0.02%
MTCH	D	0.02%
OVV	B	0.02%
FDX	B	0.02%
GLPI	C	0.02%
EBAY	D	0.02%
GEN	B	0.02%
CPT	B	0.01%
CTVA	C	0.01%
FIS	C	0.01%
APD	A	0.01%
SUI	D	0.01%
DOW	F	0.01%
ACI	C	0.01%
SHW	A	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%
EPAM	C	0.01%
VTRS	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%
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%
EXPD	D	0.0%

INRO Underweight 56 Positions Relative to FELC

Symbol	Grade	Weight
NFLX	A	-1.3%
CMCSA	B	-0.86%
T	A	-0.73%
PG	A	-0.72%
CSCO	B	-0.66%
DIS	B	-0.65%
CI	F	-0.63%
BDX	F	-0.62%
SPG	B	-0.59%
SQ	B	-0.58%
ABT	B	-0.56%
CVNA	B	-0.55%
DBX	B	-0.52%
MSI	B	-0.5%
CL	D	-0.47%
IGT	F	-0.46%
EXEL	B	-0.45%
ANF	C	-0.42%
CACI	D	-0.4%
TDC	D	-0.37%
CMG	B	-0.35%
CAH	B	-0.31%
PPG	F	-0.3%
MGM	D	-0.3%
CCL	B	-0.26%
CVS	D	-0.25%
SKYW	B	-0.23%
GAP	C	-0.22%
IDXX	F	-0.22%
LYFT	C	-0.21%
GL	B	-0.21%
MEDP	D	-0.21%
ALRM	C	-0.2%
DASH	A	-0.18%
ED	D	-0.15%
BKNG	A	-0.13%
UNM	A	-0.12%
CLX	B	-0.11%
ANET	C	-0.11%
BLD	D	-0.11%
LNW	D	-0.11%
PEGA	A	-0.1%
SOLV	C	-0.09%
VEEV	C	-0.08%
FR	C	-0.08%
MCK	B	-0.06%
VZ	C	-0.06%
AXTA	A	-0.05%
SCCO	F	-0.05%
PEP	F	-0.05%
PLTK	B	-0.04%
GEHC	F	-0.04%
SYK	C	-0.03%
CRUS	D	-0.03%
GPN	B	-0.02%
WBD	C	-0.01%