INRO vs. HLAL ETF Comparison

Comparison of BlackRock U.S. Industry Rotation ETF (INRO) to Wahed FTSE USA Shariah ETF (HLAL)

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

HLAL

Wahed FTSE USA Shariah ETF

HLAL Description

The investment seeks to track the total return performance, before fees and expenses, of the FTSE USA Shariah Index. The index is composed of common stocks of large and mid-capitalization U.S. companies the characteristics of which meet the requirements of the Shariah and are consistent with Islamic principles as interpreted by subject-matter experts. Under normal circumstances, at least 80% of its total assets will be invested in the component securities of the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$52.60

Average Daily Volume

60,755

Number of Holdings ^*

198

* may have additional holdings in another (foreign) market

Performance

Period	INRO	HLAL
30 Days	5.09%	2.35%
60 Days	6.25%	1.62%
90 Days	7.10%	3.31%
12 Months		20.13%

137 Overlapping Holdings

Symbol	Grade	Weight in INRO	Weight in HLAL	Overlap
A	D	0.05%	0.17%	0.05%
AAPL	C	5.76%	14.91%	5.76%
ADBE	C	0.32%	0.98%	0.32%
ADI	D	0.22%	0.47%	0.22%
ADP	B	0.29%	0.55%	0.29%
ADSK	A	0.09%	0.3%	0.09%
AMAT	F	0.3%	0.63%	0.3%
AMD	F	0.47%	0.99%	0.47%
ANSS	B	0.05%	0.13%	0.05%
APD	A	0.01%	0.33%	0.01%
ARE	D	0.04%	0.08%	0.04%
ATO	A	0.05%	0.1%	0.05%
AXON	A	0.02%	0.2%	0.02%
BIIB	F	0.03%	0.1%	0.03%
BKR	B	0.07%	0.2%	0.07%
BLDR	D	0.15%	0.09%	0.09%
BMRN	D	0.02%	0.05%	0.02%
BURL	A	0.05%	0.08%	0.05%
CARR	D	0.42%	0.28%	0.28%
CDNS	B	0.12%	0.37%	0.12%
CEG	D	0.45%	0.33%	0.33%
CMI	A	0.1%	0.22%	0.1%
COP	C	0.24%	0.6%	0.24%
CRL	C	0.01%	0.04%	0.01%
CRM	B	0.45%	1.36%	0.45%
CTAS	B	0.34%	0.34%	0.34%
CTVA	C	0.01%	0.18%	0.01%
CVX	A	0.5%	1.24%	0.5%
DAL	C	0.03%	0.05%	0.03%
DD	D	0.01%	0.15%	0.01%
DELL	C	0.07%	0.16%	0.07%
DHI	D	0.33%	0.22%	0.22%
DHR	F	0.19%	0.67%	0.19%
DLTR	F	0.01%	0.06%	0.01%
DOV	A	0.05%	0.12%	0.05%
DOW	F	0.01%	0.12%	0.01%
DVN	F	0.04%	0.11%	0.04%
EBAY	D	0.02%	0.14%	0.02%
EMR	A	0.24%	0.33%	0.24%
EXPD	D	0.0%	0.08%	0.0%
FANG	D	0.06%	0.15%	0.06%
FAST	B	0.4%	0.21%	0.21%
FDX	B	0.02%	0.29%	0.02%
FSLR	F	0.04%	0.09%	0.04%
FTV	C	0.05%	0.12%	0.05%
GEV	B	0.31%	0.41%	0.31%
GLW	B	0.09%	0.16%	0.09%
GOOG	C	2.72%	3.91%	2.72%
GOOGL	C	3.13%	4.63%	3.13%
GRMN	B	0.22%	0.14%	0.14%
GWW	B	0.44%	0.22%	0.22%
HAL	C	0.04%	0.12%	0.04%
HES	B	0.07%	0.19%	0.07%
HPQ	B	0.06%	0.16%	0.06%
HUBB	B	0.08%	0.11%	0.08%
IEX	B	0.03%	0.08%	0.03%
ILMN	D	0.03%	0.09%	0.03%
INTC	D	0.22%	0.46%	0.22%
IP	B	0.09%	0.07%	0.07%
IR	B	0.08%	0.19%	0.08%
IT	C	0.02%	0.17%	0.02%
JBHT	C	0.06%	0.07%	0.06%
JCI	C	0.39%	0.25%	0.25%
JNJ	D	0.37%	1.65%	0.37%
KLAC	D	0.17%	0.37%	0.17%
LEN	D	0.28%	0.18%	0.18%
LEN	D	0.28%	0.0%	0.0%
LIN	D	0.03%	0.97%	0.03%
LRCX	F	0.19%	0.41%	0.19%
LUV	C	0.02%	0.02%	0.02%
LYB	F	0.0%	0.1%	0.0%
META	D	3.68%	5.55%	3.68%
MLM	B	0.57%	0.16%	0.16%
MMM	D	0.76%	0.32%	0.32%
MPC	D	0.1%	0.25%	0.1%
MRK	F	0.24%	1.11%	0.24%
MRO	B	0.03%	0.07%	0.03%
MRVL	B	0.16%	0.35%	0.16%
MSFT	F	4.24%	13.84%	4.24%
MU	D	0.23%	0.49%	0.23%
NEM	D	0.11%	0.22%	0.11%
NOW	A	0.3%	0.92%	0.3%
NTAP	C	0.04%	0.11%	0.04%
NUE	C	0.01%	0.16%	0.01%
NXPI	D	0.12%	0.25%	0.12%
ODFL	B	0.16%	0.19%	0.16%
ON	D	0.06%	0.13%	0.06%
OXY	D	0.06%	0.15%	0.06%
PANW	C	0.18%	0.54%	0.18%
PCAR	B	0.11%	0.25%	0.11%
PFE	D	0.14%	0.63%	0.14%
PHM	D	0.18%	0.12%	0.12%
PKG	A	0.1%	0.1%	0.1%
PNR	A	0.04%	0.08%	0.04%
PSX	C	0.1%	0.25%	0.1%
PTC	A	0.04%	0.1%	0.04%
PWR	A	0.37%	0.22%	0.22%
QCOM	F	0.39%	0.77%	0.39%
QRVO	F	0.01%	0.03%	0.01%
REGN	F	0.11%	0.35%	0.11%
ROK	B	0.1%	0.14%	0.1%
ROL	B	0.06%	0.06%	0.06%
ROP	B	0.09%	0.26%	0.09%
ROST	C	0.14%	0.21%	0.14%
RVTY	F	0.02%	0.06%	0.02%
SLB	C	0.09%	0.28%	0.09%
SMCI	F	0.03%	0.06%	0.03%
SNA	A	0.04%	0.08%	0.04%
SNPS	B	0.12%	0.37%	0.12%
STLD	B	0.01%	0.1%	0.01%
SWK	D	0.03%	0.06%	0.03%
TECH	D	0.01%	0.05%	0.01%
TER	D	0.03%	0.07%	0.03%
TJX	A	0.39%	0.61%	0.39%
TMO	F	0.24%	0.87%	0.24%
TRMB	B	0.04%	0.08%	0.04%
TSCO	D	0.09%	0.13%	0.09%
TSLA	B	1.32%	4.25%	1.32%
TT	A	0.65%	0.42%	0.42%
TXN	C	0.39%	0.81%	0.39%
TYL	B	0.04%	0.11%	0.04%
UBER	D	0.49%	0.62%	0.49%
ULTA	F	0.05%	0.07%	0.05%
UPS	C	0.04%	0.43%	0.04%
VLO	C	0.08%	0.2%	0.08%
VLTO	D	0.11%	0.12%	0.11%
VMC	B	0.59%	0.16%	0.16%
VRT	B	0.16%	0.22%	0.16%
WAB	B	0.07%	0.15%	0.07%
WBA	F	0.0%	0.03%	0.0%
WDC	D	0.04%	0.09%	0.04%
WELL	A	0.18%	0.37%	0.18%
WST	C	0.03%	0.1%	0.03%
WY	D	0.03%	0.1%	0.03%
XOM	B	0.95%	2.42%	0.95%
XYL	D	0.06%	0.13%	0.06%
ZBRA	B	0.04%	0.09%	0.04%

INRO Overweight 293 Positions Relative to HLAL

Symbol	Grade	Weight
NVDA	C	7.62%
TMUS	B	4.56%
JPM	A	1.74%
HON	B	1.6%
AVGO	D	1.54%
AMZN	C	1.47%
BXP	D	1.35%
HD	A	1.17%
AXP	A	1.14%
NEE	D	0.97%
CBRE	B	0.87%
PM	B	0.87%
BAC	A	0.81%
GS	A	0.64%
WFC	A	0.64%
CSGP	D	0.63%
SO	D	0.6%
LLY	F	0.57%
MS	A	0.55%
SPGI	C	0.55%
UNP	C	0.54%
DUK	C	0.54%
ETN	A	0.48%
COF	B	0.48%
URI	B	0.47%
COST	B	0.47%
BX	A	0.45%
ORCL	B	0.45%
WMT	A	0.45%
LOW	D	0.43%
SCHW	B	0.41%
MO	A	0.41%
ABBV	D	0.39%
WM	A	0.37%
CAT	B	0.35%
C	A	0.34%
ICE	C	0.33%
AEP	D	0.32%
KKR	A	0.31%
CME	A	0.3%
DFS	B	0.29%
MCO	B	0.28%
INTU	C	0.26%
PCG	A	0.26%
EXC	C	0.25%
CSX	B	0.25%
Z	A	0.25%
XEL	A	0.24%
PGR	A	0.23%
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%
DE	A	0.2%
USB	A	0.2%
AMGN	D	0.2%
RSG	A	0.2%
COIN	C	0.2%
ETR	B	0.2%
VST	B	0.19%
EME	C	0.19%
APH	A	0.19%
AMP	A	0.19%
SYF	B	0.18%
PLTR	B	0.18%
TFC	A	0.17%
CB	C	0.17%
PH	A	0.17%
WSO	A	0.16%
MMC	B	0.16%
MSCI	C	0.16%
EOG	A	0.15%
AME	A	0.15%
FE	C	0.15%
AZO	C	0.15%
VRTX	F	0.15%
ITW	B	0.15%
NDAQ	A	0.14%
ES	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%
MAS	D	0.12%
OC	A	0.12%
CRWD	B	0.12%
OKE	A	0.12%
ARES	A	0.12%
NRG	B	0.12%
EVRG	A	0.11%
PAYX	C	0.11%
LNT	A	0.11%
BK	A	0.11%
AMT	D	0.11%
AON	A	0.11%
ACM	A	0.11%
BMY	B	0.11%
APP	B	0.1%
AJG	B	0.1%
KMI	A	0.1%
EQIX	A	0.1%
MSTR	C	0.1%
NTRS	A	0.1%
GM	B	0.09%
AIG	B	0.09%
LNG	B	0.09%
MTB	A	0.09%
AFL	B	0.09%
TRV	B	0.09%
VRSK	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%
LPLA	A	0.08%
MET	A	0.08%
FDS	B	0.08%
GE	D	0.08%
ALL	A	0.08%
TGT	F	0.08%
FITB	A	0.08%
FICO	B	0.08%
ALLE	D	0.08%
FTNT	C	0.08%
WDAY	B	0.08%
BALL	D	0.08%
PSA	D	0.07%
HBAN	A	0.07%
RF	A	0.07%
MELI	D	0.07%
PRU	A	0.07%
AMCR	D	0.07%
DLR	B	0.07%
AVY	D	0.07%
ACN	C	0.07%
CCI	D	0.06%
CFG	B	0.06%
DDOG	A	0.06%
VTR	C	0.06%
KEYS	A	0.06%
HOOD	B	0.06%
MPWR	F	0.06%
AOS	F	0.06%
TEAM	A	0.06%
BRK.A	B	0.06%
F	C	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%
PPL	B	0.05%
HUBS	A	0.05%
HPE	B	0.05%
LDOS	C	0.05%
CG	A	0.05%
CCK	C	0.05%
TROW	B	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%
VICI	C	0.05%
ACGL	D	0.05%
STT	A	0.05%
ALNY	D	0.04%
BRO	B	0.04%
CINF	A	0.04%
J	F	0.04%
MKL	A	0.04%
MKTX	D	0.04%
MA	C	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%
TDY	B	0.04%
V	A	0.04%
TRU	D	0.04%
MANH	D	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%
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%
DOC	D	0.03%
TDG	D	0.03%
GGG	B	0.03%
ENTG	D	0.03%
SNAP	C	0.03%
JBL	B	0.03%
ZM	B	0.03%
AES	F	0.03%
SSNC	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%
INCY	C	0.02%
NBIX	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%
AVTR	F	0.02%
AIZ	A	0.02%
ALLY	C	0.02%
HWM	A	0.02%
AFG	A	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%
GEN	B	0.02%
CPT	B	0.01%
FIS	C	0.01%
SUI	D	0.01%
ACI	C	0.01%
SHW	A	0.01%
TXT	D	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%
UNH	C	0.01%
APA	D	0.01%
RIVN	F	0.01%
EQR	B	0.01%
EXAS	D	0.01%
SNOW	C	0.01%
AVB	B	0.01%
FI	A	0.01%
CHRD	D	0.01%
GDDY	A	0.01%
BSY	D	0.01%
CTSH	B	0.01%
HII	D	0.0%
ECL	D	0.0%
CHRW	C	0.0%
FNF	B	0.0%
HEI	B	0.0%

INRO Underweight 61 Positions Relative to HLAL

Symbol	Grade	Weight
PG	A	-1.81%
KO	D	-1.1%
CSCO	B	-1.04%
ABT	B	-0.9%
ISRG	A	-0.85%
SYK	C	-0.63%
BSX	B	-0.6%
MDT	D	-0.49%
PLD	D	-0.48%
NKE	D	-0.4%
MDLZ	F	-0.39%
MCK	B	-0.36%
BDX	F	-0.29%
EA	A	-0.2%
KVUE	A	-0.2%
EW	C	-0.19%
COR	B	-0.18%
LULU	C	-0.17%
GEHC	F	-0.17%
RMD	C	-0.16%
KDP	D	-0.15%
IDXX	F	-0.15%
TTWO	A	-0.14%
PPG	F	-0.13%
CAH	B	-0.13%
CHD	B	-0.12%
ADM	D	-0.11%
ZBH	C	-0.1%
IFF	D	-0.1%
OMC	C	-0.09%
MKC	D	-0.09%
LH	C	-0.09%
STE	F	-0.09%
ALGN	D	-0.08%
GPC	D	-0.08%
HOLX	D	-0.08%
DGX	A	-0.08%
PODD	C	-0.08%
EL	F	-0.07%
FLEX	A	-0.07%
CF	B	-0.07%
ICLR	D	-0.07%
BG	F	-0.06%
ALB	C	-0.06%
AKAM	D	-0.06%
POOL	C	-0.06%
REG	B	-0.06%
FFIV	B	-0.06%
APTV	D	-0.06%
IPG	D	-0.05%
NWSA	B	-0.05%
JNPR	F	-0.05%
OKTA	C	-0.05%
TFX	F	-0.04%
SCCO	F	-0.04%
LKQ	D	-0.04%
UAL	A	-0.03%
NWS	B	-0.02%
GFS	C	-0.02%
WLK	D	-0.02%
AGR	B	-0.01%