INRO vs. QQQM ETF Comparison

Comparison of BlackRock U.S. Industry Rotation ETF (INRO) to Invesco NASDAQ 100 ETF (QQQM)

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

QQQM

Invesco NASDAQ 100 ETF

QQQM Description

The investment seeks to track the investment results (before fees and expenses) of the NASDAQ-100 Index® (the 'underlying index'). The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. Strictly in accordance with its guidelines and mandated procedures, Nasdaq, Inc. compiles, maintains and calculates the underlying index, which includes securities of 100 of the largest domestic and international nonfinancial companies listed on The Nasdaq Stock Market LLC based on market capitalization. It is non-diversified.

Grade (RS Rating)

Last Trade

$208.18

Average Daily Volume

1,779,465

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	INRO	QQQM
30 Days	5.09%	3.56%
60 Days	6.25%	4.72%
90 Days	7.10%	5.55%
12 Months		30.67%

72 Overlapping Holdings

Symbol	Grade	Weight in INRO	Weight in QQQM	Overlap
AAPL	C	5.76%	8.48%	5.76%
ADBE	C	0.32%	1.48%	0.32%
ADI	D	0.22%	0.67%	0.22%
ADP	B	0.29%	0.78%	0.29%
ADSK	A	0.09%	0.42%	0.09%
AEP	D	0.32%	0.32%	0.32%
AMAT	F	0.3%	0.97%	0.3%
AMD	F	0.47%	1.42%	0.47%
AMGN	D	0.2%	1.0%	0.2%
AMZN	C	1.47%	5.43%	1.47%
ANSS	B	0.05%	0.19%	0.05%
AVGO	D	1.54%	4.99%	1.54%
BIIB	F	0.03%	0.15%	0.03%
BKR	B	0.07%	0.27%	0.07%
CDNS	B	0.12%	0.52%	0.12%
CDW	F	0.05%	0.15%	0.05%
CEG	D	0.45%	0.44%	0.44%
COST	B	0.47%	2.59%	0.47%
CPRT	A	0.21%	0.35%	0.21%
CRWD	B	0.12%	0.51%	0.12%
CSGP	D	0.63%	0.19%	0.19%
CSX	B	0.25%	0.44%	0.25%
CTAS	B	0.34%	0.55%	0.34%
CTSH	B	0.01%	0.25%	0.01%
DDOG	A	0.06%	0.26%	0.06%
DLTR	F	0.01%	0.09%	0.01%
EXC	C	0.25%	0.24%	0.24%
FANG	D	0.06%	0.34%	0.06%
FAST	B	0.4%	0.3%	0.3%
FTNT	C	0.08%	0.46%	0.08%
GILD	C	0.14%	0.72%	0.14%
GOOG	C	2.72%	2.42%	2.42%
GOOGL	C	3.13%	2.51%	2.51%
HON	B	1.6%	0.95%	0.95%
ILMN	D	0.03%	0.14%	0.03%
INTC	D	0.22%	0.68%	0.22%
INTU	C	0.26%	1.24%	0.26%
KLAC	D	0.17%	0.55%	0.17%
LIN	D	0.03%	1.37%	0.03%
LRCX	F	0.19%	0.61%	0.19%
MCHP	D	0.08%	0.22%	0.08%
MDB	C	0.01%	0.14%	0.01%
MELI	D	0.07%	0.6%	0.07%
META	D	3.68%	4.9%	3.68%
MRNA	F	0.02%	0.1%	0.02%
MRVL	B	0.16%	0.5%	0.16%
MSFT	F	4.24%	7.76%	4.24%
MU	D	0.23%	0.69%	0.23%
NVDA	C	7.62%	8.8%	7.62%
NXPI	D	0.12%	0.36%	0.12%
ODFL	B	0.16%	0.3%	0.16%
ON	D	0.06%	0.18%	0.06%
ORLY	B	0.21%	0.45%	0.21%
PANW	C	0.18%	0.81%	0.18%
PAYX	C	0.11%	0.33%	0.11%
PCAR	B	0.11%	0.38%	0.11%
PYPL	B	0.01%	0.55%	0.01%
QCOM	F	0.39%	1.15%	0.39%
REGN	F	0.11%	0.54%	0.11%
ROP	B	0.09%	0.38%	0.09%
ROST	C	0.14%	0.3%	0.14%
SMCI	F	0.03%	0.07%	0.03%
SNPS	B	0.12%	0.53%	0.12%
TEAM	A	0.06%	0.25%	0.06%
TMUS	B	4.56%	1.75%	1.75%
TSLA	B	1.32%	3.68%	1.32%
TXN	C	0.39%	1.19%	0.39%
VRSK	A	0.09%	0.26%	0.09%
VRTX	F	0.15%	0.79%	0.15%
WDAY	B	0.08%	0.37%	0.08%
XEL	A	0.24%	0.24%	0.24%
ZS	C	0.03%	0.2%	0.03%

INRO Overweight 357 Positions Relative to QQQM

Symbol	Grade	Weight
JPM	A	1.74%
BXP	D	1.35%
HD	A	1.17%
AXP	A	1.14%
NEE	D	0.97%
XOM	B	0.95%
CBRE	B	0.87%
PM	B	0.87%
BAC	A	0.81%
MMM	D	0.76%
TT	A	0.65%
GS	A	0.64%
WFC	A	0.64%
SO	D	0.6%
VMC	B	0.59%
MLM	B	0.57%
LLY	F	0.57%
MS	A	0.55%
SPGI	C	0.55%
UNP	C	0.54%
DUK	C	0.54%
CVX	A	0.5%
UBER	D	0.49%
ETN	A	0.48%
COF	B	0.48%
URI	B	0.47%
BX	A	0.45%
ORCL	B	0.45%
CRM	B	0.45%
WMT	A	0.45%
GWW	B	0.44%
LOW	D	0.43%
CARR	D	0.42%
SCHW	B	0.41%
MO	A	0.41%
ABBV	D	0.39%
JCI	C	0.39%
TJX	A	0.39%
WM	A	0.37%
PWR	A	0.37%
JNJ	D	0.37%
CAT	B	0.35%
C	A	0.34%
ICE	C	0.33%
DHI	D	0.33%
KKR	A	0.31%
GEV	B	0.31%
CME	A	0.3%
NOW	A	0.3%
DFS	B	0.29%
LEN	D	0.28%
MCO	B	0.28%
PCG	A	0.26%
Z	A	0.25%
MRK	F	0.24%
EMR	A	0.24%
COP	C	0.24%
TMO	F	0.24%
PGR	A	0.23%
GRMN	B	0.22%
NSC	B	0.22%
WCN	A	0.21%
PNC	B	0.21%
EIX	B	0.21%
NVR	D	0.21%
DE	A	0.2%
USB	A	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%
DHR	F	0.19%
SYF	B	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%
WSO	A	0.16%
MMC	B	0.16%
MSCI	C	0.16%
VRT	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%
NDAQ	A	0.14%
ES	D	0.14%
PFE	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%
OKE	A	0.12%
ARES	A	0.12%
NRG	B	0.12%
EVRG	A	0.11%
LNT	A	0.11%
VLTO	D	0.11%
BK	A	0.11%
AMT	D	0.11%
AON	A	0.11%
NEM	D	0.11%
ACM	A	0.11%
BMY	B	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%
TRV	B	0.09%
SLB	C	0.09%
BR	A	0.08%
TRGP	B	0.08%
EFX	F	0.08%
ZTS	D	0.08%
OTIS	C	0.08%
HUBB	B	0.08%
LPLA	A	0.08%
MET	A	0.08%
IR	B	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%
VLO	C	0.08%
ALLE	D	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%
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%
XYL	D	0.06%
VTR	C	0.06%
KEYS	A	0.06%
HOOD	B	0.06%
MPWR	F	0.06%
AOS	F	0.06%
OXY	D	0.06%
BRK.A	B	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%
HUBS	A	0.05%
ULTA	F	0.05%
ATO	A	0.05%
HPE	B	0.05%
LDOS	C	0.05%
CG	A	0.05%
CCK	C	0.05%
FTV	C	0.05%
TROW	B	0.05%
BURL	A	0.05%
TPL	A	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%
MKL	A	0.04%
MKTX	D	0.04%
HAL	C	0.04%
FSLR	F	0.04%
MA	C	0.04%
CBOE	B	0.04%
DVN	F	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%
ZBRA	B	0.04%
EXR	D	0.04%
NTAP	C	0.04%
TDY	B	0.04%
V	A	0.04%
TRU	D	0.04%
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%
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%
WST	C	0.03%
WRB	A	0.03%
NOC	D	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%
SNAP	C	0.03%
JBL	B	0.03%
DAL	C	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%
STX	D	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%
BMRN	D	0.02%
NBIX	C	0.02%
LUV	C	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%
HWM	A	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%
FDX	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%
FIS	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%
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%
TWLO	A	0.01%
BIO	D	0.01%
NET	B	0.01%
APO	B	0.01%
CTLT	B	0.01%
DD	D	0.01%
UNH	C	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%
FI	A	0.01%
QRVO	F	0.01%
TECH	D	0.01%
CHRD	D	0.01%
GDDY	A	0.01%
BSY	D	0.01%
LYB	F	0.0%
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%

INRO Underweight 29 Positions Relative to QQQM

Symbol	Grade	Weight
NFLX	A	-2.27%
CSCO	B	-1.47%
PEP	F	-1.43%
ISRG	A	-1.21%
CMCSA	B	-1.06%
BKNG	A	-1.05%
SBUX	A	-0.71%
MDLZ	F	-0.55%
MAR	B	-0.5%
PDD	F	-0.47%
DASH	A	-0.42%
ASML	F	-0.41%
ABNB	C	-0.37%
CHTR	C	-0.36%
TTD	B	-0.36%
MNST	C	-0.35%
KDP	D	-0.29%
EA	A	-0.27%
LULU	C	-0.25%
GEHC	F	-0.24%
AZN	D	-0.24%
KHC	F	-0.24%
CCEP	C	-0.23%
IDXX	F	-0.22%
TTWO	A	-0.2%
DXCM	D	-0.19%
GFS	C	-0.15%
WBD	C	-0.15%
ARM	D	-0.11%