INRO vs. QARP ETF Comparison

Comparison of BlackRock U.S. Industry Rotation ETF (INRO) to Xtrackers Russell 1000 US QARP ETF (QARP)

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

$28.19

Average Daily Volume

3,682

Number of Holdings ^*

444

* may have additional holdings in another (foreign) market

QARP

Xtrackers Russell 1000 US QARP ETF

QARP Description

The investment seeks investment results that correspond generally to the performance, before fees and expenses, of the Russell 1000 2Qual/Val 5% Capped Factor Index (the "underlying index"). The fund will invest at least 80% of its total assets (but typically far more) in component securities of the underlying index. The underlying index is designed to track the equity market performance of companies in the United States selected on the investment style criteria ("factors") of quality and value. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$53.50

Average Daily Volume

3,336

Number of Holdings ^*

345

* may have additional holdings in another (foreign) market

Performance

Period	INRO	QARP
30 Days	3.09%	2.06%
60 Days	7.53%	5.17%
90 Days	8.17%	6.60%
12 Months		27.06%

200 Overlapping Holdings

Symbol	Grade	Weight in INRO	Weight in QARP	Overlap
A	F	0.1%	0.1%	0.1%
AAPL	C	5.81%	4.9%	4.9%
ABNB	C	0.04%	0.24%	0.04%
ABT	C	0.07%	0.23%	0.07%
ACGL	C	0.07%	0.24%	0.07%
ACM	B	0.04%	0.04%	0.04%
ACN	B	0.13%	1.15%	0.13%
ADBE	C	0.34%	0.86%	0.34%
ADI	D	0.24%	0.09%	0.09%
ADP	A	0.23%	0.21%	0.21%
ADSK	B	0.1%	0.06%	0.06%
ALGN	D	0.01%	0.05%	0.01%
AMAT	F	0.32%	0.79%	0.32%
AMCR	D	0.22%	0.03%	0.03%
AMD	F	0.48%	0.07%	0.07%
AMZN	A	2.44%	3.87%	2.44%
AON	B	0.2%	0.34%	0.2%
AOS	F	0.06%	0.07%	0.06%
APA	F	0.01%	0.02%	0.01%
AZO	B	0.19%	0.34%	0.19%
BBWI	C	0.03%	0.02%	0.02%
BBY	C	0.07%	0.24%	0.07%
BKNG	A	0.09%	0.81%	0.09%
BLDR	C	0.13%	0.17%	0.13%
BMY	B	0.03%	0.61%	0.03%
BRK.A	B	0.41%	5.09%	0.41%
BURL	C	0.06%	0.04%	0.04%
BX	A	0.38%	0.06%	0.06%
CAH	B	0.01%	0.38%	0.01%
CAT	B	0.53%	0.68%	0.53%
CBOE	D	0.04%	0.08%	0.04%
CBRE	B	0.09%	0.1%	0.09%
CCL	B	0.01%	0.04%	0.01%
CDNS	B	0.13%	0.02%	0.02%
CDW	F	0.04%	0.02%	0.02%
CHRD	D	0.01%	0.04%	0.01%
CI	D	0.04%	0.55%	0.04%
CINF	A	0.07%	0.09%	0.07%
CMG	B	0.05%	0.1%	0.05%
CMI	A	0.13%	0.26%	0.13%
CNC	F	0.01%	0.27%	0.01%
COF	B	0.57%	0.15%	0.15%
COIN	B	0.11%	0.04%	0.04%
COP	C	0.19%	0.77%	0.19%
COR	B	0.01%	0.4%	0.01%
COST	B	0.38%	2.3%	0.38%
CPRT	A	0.23%	0.07%	0.07%
CSL	B	0.13%	0.05%	0.05%
CSX	B	0.21%	0.06%	0.06%
CTAS	B	0.4%	0.08%	0.08%
CTRA	B	0.03%	0.1%	0.03%
CTSH	A	0.03%	0.29%	0.03%
CVS	F	0.03%	0.19%	0.03%
CVX	A	0.4%	1.5%	0.4%
DAL	A	0.02%	0.21%	0.02%
DE	D	0.3%	0.25%	0.25%
DGX	B	0.01%	0.03%	0.01%
DHI	D	0.38%	0.33%	0.33%
DINO	D	0.01%	0.02%	0.01%
DKS	D	0.05%	0.09%	0.05%
DLTR	F	0.01%	0.07%	0.01%
DPZ	C	0.01%	0.03%	0.01%
DRI	B	0.02%	0.13%	0.02%
DVN	F	0.04%	0.17%	0.04%
EBAY	C	0.04%	0.09%	0.04%
EG	D	0.04%	0.05%	0.04%
ELV	F	0.04%	0.49%	0.04%
EME	B	0.06%	0.15%	0.06%
EOG	A	0.11%	0.47%	0.11%
EPAM	B	0.01%	0.03%	0.01%
EW	F	0.01%	0.06%	0.01%
EXPE	B	0.01%	0.16%	0.01%
FANG	C	0.06%	0.18%	0.06%
FAST	B	0.38%	0.21%	0.21%
FCNCA	B	0.06%	0.13%	0.06%
FCX	F	0.15%	0.04%	0.04%
FDS	A	0.07%	0.1%	0.07%
FICO	B	0.07%	0.07%	0.07%
FTNT	B	0.08%	0.19%	0.08%
GEHC	D	0.01%	0.15%	0.01%
GEV	B	0.16%	0.19%	0.16%
GGG	B	0.04%	0.07%	0.04%
GLPI	D	0.03%	0.03%	0.03%
GM	B	0.08%	0.24%	0.08%
GOOG	C	2.71%	2.12%	2.12%
GOOGL	C	3.12%	2.34%	2.34%
GRMN	A	0.23%	0.16%	0.16%
GWW	B	0.41%	0.27%	0.27%
HCA	D	0.03%	0.29%	0.03%
HD	B	1.45%	2.02%	1.45%
HII	F	0.0%	0.02%	0.0%
HOLX	D	0.01%	0.05%	0.01%
HPQ	B	0.06%	0.08%	0.06%
HUM	D	0.01%	0.29%	0.01%
INTC	C	0.2%	0.08%	0.08%
IP	B	0.28%	0.05%	0.05%
ISRG	A	0.06%	0.17%	0.06%
ITW	B	0.22%	0.32%	0.22%
J	D	0.03%	0.04%	0.03%
JBHT	C	0.05%	0.05%	0.05%
JBL	C	0.02%	0.06%	0.02%
JKHY	C	0.0%	0.05%	0.0%
JNJ	D	0.1%	2.48%	0.1%
KEYS	C	0.04%	0.12%	0.04%
KLAC	F	0.19%	0.18%	0.18%
KNX	C	0.02%	0.03%	0.02%
KR	A	0.04%	0.3%	0.04%
LEN	D	0.32%	0.43%	0.32%
LH	B	0.01%	0.07%	0.01%
LLY	F	0.16%	0.03%	0.03%
LMT	D	0.1%	0.74%	0.1%
LNG	B	0.06%	0.07%	0.06%
LOW	B	0.56%	0.8%	0.56%
LPLA	A	0.07%	0.17%	0.07%
LRCX	F	0.21%	0.47%	0.21%
LUV	B	0.01%	0.1%	0.01%
LVS	C	0.01%	0.05%	0.01%
MA	B	0.28%	1.58%	0.28%
MAR	A	0.04%	0.12%	0.04%
MAS	D	0.11%	0.08%	0.08%
MCD	C	0.14%	0.4%	0.14%
MCHP	F	0.09%	0.04%	0.04%
MCK	B	0.03%	1.02%	0.03%
MCO	C	0.26%	0.33%	0.26%
META	B	3.86%	5.26%	3.86%
MGM	D	0.01%	0.05%	0.01%
MKTX	C	0.04%	0.06%	0.04%
MMC	D	0.32%	0.57%	0.32%
MMM	C	0.66%	0.12%	0.12%
MO	A	0.31%	0.63%	0.31%
MOH	F	0.01%	0.07%	0.01%
MPC	D	0.08%	0.25%	0.08%
MRK	F	0.07%	0.34%	0.07%
MRO	B	0.03%	0.11%	0.03%
MSCI	B	0.16%	0.23%	0.16%
MSFT	C	4.62%	2.03%	2.03%
MTD	F	0.07%	0.11%	0.07%
MU	D	0.24%	0.38%	0.24%
NTAP	D	0.04%	0.06%	0.04%
NVDA	A	7.14%	0.17%	0.17%
NVR	D	0.23%	0.25%	0.23%
OC	A	0.09%	0.13%	0.09%
ODFL	B	0.12%	0.18%	0.12%
ON	F	0.06%	0.05%	0.05%
ORCL	A	0.45%	0.05%	0.05%
ORLY	A	0.25%	0.37%	0.25%
OTIS	D	0.12%	0.05%	0.05%
OVV	C	0.02%	0.03%	0.02%
OXY	F	0.05%	0.06%	0.05%
PAYC	B	0.02%	0.04%	0.02%
PAYX	B	0.09%	0.2%	0.09%
PCAR	B	0.16%	0.23%	0.16%
PFE	F	0.04%	0.53%	0.04%
PGR	A	0.4%	0.06%	0.06%
PHM	D	0.2%	0.22%	0.2%
PKG	B	0.31%	0.06%	0.06%
PM	B	0.67%	0.58%	0.58%
PSA	D	0.1%	0.32%	0.1%
PSX	C	0.08%	0.12%	0.08%
PWR	B	0.13%	0.06%	0.06%
PYPL	A	0.05%	0.33%	0.05%
QCOM	F	0.39%	0.27%	0.27%
ROK	B	0.06%	0.09%	0.06%
ROL	C	0.07%	0.04%	0.04%
ROST	D	0.18%	0.26%	0.18%
SBUX	B	0.07%	0.52%	0.07%
SEIC	A	0.06%	0.07%	0.06%
SNA	A	0.05%	0.12%	0.05%
SPGI	C	0.51%	0.07%	0.07%
SWKS	F	0.03%	0.08%	0.03%
SYF	B	0.21%	0.12%	0.12%
SYY	D	0.03%	0.34%	0.03%
TER	F	0.03%	0.03%	0.03%
TGT	C	0.07%	0.4%	0.07%
TJX	A	0.47%	0.8%	0.47%
TROW	A	0.05%	0.25%	0.05%
TSCO	D	0.11%	0.16%	0.11%
TSLA	B	0.98%	0.62%	0.62%
TT	B	0.54%	0.07%	0.07%
TXN	B	0.39%	0.38%	0.38%
TXT	D	0.01%	0.06%	0.01%
UHS	D	0.01%	0.05%	0.01%
ULTA	C	0.07%	0.16%	0.07%
UNH	B	0.23%	2.27%	0.23%
UNP	D	0.44%	0.12%	0.12%
URI	B	0.44%	0.22%	0.22%
V	A	0.31%	1.8%	0.31%
VICI	D	0.06%	0.08%	0.06%
VLO	C	0.06%	0.17%	0.06%
VRSN	C	0.01%	0.06%	0.01%
WAT	B	0.05%	0.03%	0.03%
WMT	A	0.36%	2.93%	0.36%
WSM	F	0.07%	0.16%	0.07%
WSO	B	0.14%	0.07%	0.07%
WST	B	0.05%	0.08%	0.05%
WTW	A	0.06%	0.03%	0.03%
WY	F	0.05%	0.08%	0.05%
WYNN	C	0.01%	0.04%	0.01%
XOM	B	0.79%	3.23%	0.79%
YUM	B	0.02%	0.05%	0.02%

INRO Overweight 244 Positions Relative to QARP

Symbol	Grade	Weight
TMUS	A	4.54%
JPM	A	1.93%
AVGO	C	1.59%
AXP	B	1.43%
HON	B	1.28%
BAC	A	0.89%
BXP	D	0.87%
MLM	B	0.82%
VMC	B	0.81%
WFC	A	0.68%
NEE	D	0.6%
GS	B	0.55%
TMO	F	0.49%
MS	A	0.46%
CRM	B	0.46%
WM	A	0.45%
UBER	F	0.43%
SW	B	0.41%
C	B	0.38%
DHR	F	0.38%
CARR	C	0.37%
SO	D	0.37%
DFS	B	0.34%
SCHW	B	0.34%
DUK	D	0.33%
ICE	C	0.32%
CB	C	0.31%
NOW	A	0.31%
JCI	A	0.31%
INTU	A	0.28%
BALL	D	0.28%
ETN	B	0.27%
KKR	B	0.27%
CME	B	0.27%
CEG	D	0.26%
VEEV	B	0.25%
AVY	F	0.25%
WCN	A	0.24%
PNC	B	0.24%
PH	A	0.24%
RSG	B	0.23%
USB	B	0.23%
AEP	D	0.2%
PANW	B	0.19%
AMT	F	0.19%
TFC	B	0.18%
AMP	A	0.17%
EQIX	B	0.17%
CCK	D	0.17%
GE	D	0.17%
AFL	C	0.17%
AJG	A	0.17%
NSC	B	0.17%
MRVL	B	0.16%
AIG	B	0.16%
TRV	B	0.16%
PCG	A	0.15%
EXC	C	0.15%
XEL	A	0.14%
RTX	D	0.14%
ALL	B	0.14%
MET	C	0.14%
NEM	F	0.14%
ETR	B	0.13%
EMR	A	0.13%
MELI	D	0.13%
APH	B	0.13%
NXPI	F	0.13%
SNPS	C	0.13%
VLTO	D	0.13%
PLTR	B	0.13%
LII	B	0.12%
IBM	D	0.12%
EIX	C	0.12%
STT	B	0.11%
ARES	B	0.11%
WELL	B	0.11%
IR	A	0.11%
BK	B	0.11%
CRWD	B	0.11%
DLR	C	0.11%
NDAQ	B	0.11%
WMB	B	0.1%
FITB	A	0.1%
WAB	B	0.1%
MTB	A	0.1%
HIG	C	0.1%
RJF	A	0.1%
PRU	B	0.09%
IQV	F	0.09%
ROP	A	0.09%
CCI	F	0.09%
DOV	A	0.08%
BRO	B	0.08%
VRT	B	0.08%
KMI	B	0.08%
BA	F	0.08%
MPWR	F	0.08%
FI	A	0.08%
OKE	A	0.08%
NTRS	A	0.08%
AME	A	0.08%
WDAY	B	0.08%
ES	D	0.08%
FE	D	0.08%
XYL	F	0.08%
BR	A	0.07%
DELL	C	0.07%
FBIN	F	0.07%
NRG	C	0.07%
EXR	D	0.07%
EFX	F	0.07%
RF	A	0.07%
IRM	D	0.07%
FTV	C	0.07%
PFG	C	0.07%
ALLE	D	0.07%
VRSK	A	0.07%
DDOG	B	0.06%
TEAM	B	0.06%
EVRG	A	0.06%
MSTR	B	0.06%
TW	B	0.06%
TDG	D	0.06%
LNT	C	0.06%
ILMN	C	0.06%
PINS	F	0.06%
F	C	0.06%
HBAN	A	0.06%
GD	C	0.06%
CFG	B	0.06%
GLW	B	0.06%
NOC	D	0.06%
CSGP	F	0.06%
KMX	B	0.05%
SBAC	D	0.05%
LDOS	C	0.05%
PPL	A	0.05%
HPE	B	0.05%
MKL	A	0.05%
PNR	A	0.05%
ANSS	B	0.05%
WRB	B	0.05%
KEY	B	0.05%
TRGP	B	0.05%
APP	B	0.05%
HES	B	0.05%
NDSN	B	0.04%
EQT	B	0.04%
AVTR	F	0.04%
STX	D	0.04%
VTR	C	0.04%
PTC	B	0.04%
TRU	D	0.04%
RVTY	C	0.04%
WDC	D	0.04%
SNAP	C	0.04%
FIS	B	0.04%
HOOD	B	0.04%
LHX	B	0.04%
IEX	B	0.04%
TYL	B	0.04%
BSX	A	0.04%
CG	B	0.04%
HUBS	B	0.04%
L	A	0.04%
BAH	C	0.04%
MDT	D	0.04%
SYK	A	0.04%
SWK	F	0.04%
FSLR	F	0.04%
HUBB	C	0.04%
APO	B	0.04%
BEN	C	0.03%
MTCH	F	0.03%
DOCU	B	0.03%
MANH	C	0.03%
ENPH	F	0.03%
SQ	B	0.03%
FLUT	A	0.03%
PSTG	D	0.03%
TDY	B	0.03%
TECH	D	0.03%
DT	C	0.03%
ERIE	F	0.03%
TPL	B	0.03%
GEN	B	0.03%
ZBRA	B	0.03%
DASH	A	0.03%
AIZ	A	0.03%
ZS	B	0.03%
RCL	A	0.03%
ENTG	F	0.03%
ZM	B	0.03%
SSNC	C	0.03%
HWM	B	0.03%
HLT	A	0.03%
NET	B	0.02%
QRVO	F	0.02%
BSY	F	0.02%
DG	F	0.02%
GPN	B	0.02%
DOC	C	0.02%
IOT	B	0.02%
AFG	A	0.02%
BIO	C	0.02%
ALLY	C	0.02%
ZTS	D	0.02%
CNH	D	0.02%
SNOW	C	0.02%
Z	B	0.02%
IT	B	0.02%
UHAL	D	0.02%
ARE	F	0.02%
CRL	C	0.02%
TRMB	B	0.02%
DAY	B	0.02%
TTC	F	0.02%
BDX	F	0.02%
AXON	B	0.02%
SMCI	F	0.02%
BAX	F	0.01%
WBA	D	0.01%
ZBH	C	0.01%
STE	D	0.01%
TOST	A	0.01%
HEI	A	0.01%
OKTA	C	0.01%
VTRS	B	0.01%
IDXX	F	0.01%
AKAM	F	0.01%
DXCM	C	0.01%
TWLO	B	0.01%
RMD	C	0.01%
DKNG	B	0.01%
RIVN	F	0.01%
MDB	C	0.01%
CPAY	A	0.01%
GDDY	B	0.01%
H	B	0.0%
DVA	C	0.0%
PODD	B	0.0%
HEI	A	0.0%
FNF	C	0.0%

INRO Underweight 145 Positions Relative to QARP

Symbol	Grade	Weight
CSCO	A	-1.97%
PG	C	-1.36%
CMCSA	B	-0.86%
T	A	-0.7%
VZ	D	-0.67%
UPS	C	-0.42%
NUE	D	-0.37%
GILD	B	-0.33%
NKE	F	-0.33%
FDX	B	-0.32%
REGN	F	-0.28%
ADM	F	-0.27%
STLD	C	-0.24%
VRTX	B	-0.23%
CL	F	-0.22%
KVUE	A	-0.21%
EA	A	-0.2%
SPG	A	-0.2%
LULU	B	-0.18%
VST	B	-0.18%
KMB	D	-0.16%
RS	C	-0.16%
MNST	B	-0.15%
EXPD	C	-0.14%
ANET	C	-0.14%
CF	B	-0.13%
SLB	C	-0.13%
CHTR	B	-0.13%
DECK	B	-0.12%
CASY	B	-0.12%
UTHR	B	-0.11%
MTG	C	-0.11%
TPR	A	-0.11%
CPNG	B	-0.11%
BJ	B	-0.11%
SOLV	C	-0.11%
EVR	B	-0.1%
HRB	D	-0.09%
AMG	B	-0.09%
HSY	F	-0.09%
BKR	B	-0.09%
GIS	F	-0.09%
UAL	A	-0.09%
LYB	F	-0.09%
TOL	B	-0.08%
AYI	A	-0.08%
LYV	A	-0.08%
PFGC	B	-0.08%
RHI	B	-0.07%
GPC	D	-0.07%
INCY	B	-0.07%
MRNA	F	-0.07%
DOX	C	-0.07%
ATO	B	-0.07%
DOW	F	-0.07%
AGCO	F	-0.06%
EXP	B	-0.06%
RNR	D	-0.06%
TXRH	A	-0.06%
FFIV	B	-0.06%
HAL	C	-0.06%
K	A	-0.06%
CHRW	A	-0.06%
SKX	F	-0.06%
BWA	B	-0.06%
POOL	D	-0.06%
CLX	A	-0.06%
DCI	A	-0.05%
FND	F	-0.05%
MOS	D	-0.05%
ITT	A	-0.05%
SAIA	B	-0.05%
INGR	B	-0.05%
LSTR	B	-0.05%
BLD	F	-0.05%
APTV	F	-0.05%
MUSA	B	-0.05%
CLF	F	-0.05%
RL	B	-0.05%
ACI	C	-0.05%
OSK	B	-0.04%
JNPR	D	-0.04%
USFD	B	-0.04%
CHE	D	-0.04%
WBD	B	-0.04%
X	D	-0.04%
NYT	C	-0.04%
ALSN	B	-0.04%
TSN	B	-0.04%
LPX	A	-0.04%
CNP	B	-0.04%
ARMK	B	-0.04%
COKE	C	-0.04%
LEA	F	-0.04%
HLI	B	-0.04%
ALK	A	-0.04%
GNTX	C	-0.04%
LECO	C	-0.04%
CNM	D	-0.04%
DBX	B	-0.04%
FIX	B	-0.04%
EL	F	-0.03%
DD	D	-0.03%
MHK	D	-0.03%
RLI	A	-0.03%
SSD	F	-0.03%
CTVA	C	-0.03%
CRUS	F	-0.03%
OLN	F	-0.03%
LOPE	B	-0.03%
MTZ	B	-0.03%
CROX	F	-0.03%
CE	F	-0.03%
TTEK	F	-0.03%
FCN	F	-0.03%
PINC	B	-0.03%
PII	F	-0.03%
SJM	F	-0.03%
MSM	C	-0.03%
THO	B	-0.03%
PVH	C	-0.03%
FOXA	A	-0.03%
AMGN	F	-0.03%
JHG	A	-0.03%
RPRX	F	-0.03%
GAP	B	-0.03%
VVV	B	-0.03%
TAP	B	-0.03%
MEDP	D	-0.03%
HST	D	-0.03%
LAMR	D	-0.03%
AAL	B	-0.03%
KNSL	C	-0.03%
EXEL	B	-0.03%
BIIB	F	-0.02%
AR	B	-0.02%
NEU	C	-0.02%
CPB	F	-0.02%
ALB	C	-0.02%
FIVE	F	-0.02%
LKQ	C	-0.02%
ABBV	F	-0.02%
M	C	-0.02%
G	B	-0.02%
IWB	A	-0.0%