INRO vs. QWLD ETF Comparison

Comparison of BlackRock U.S. Industry Rotation ETF (INRO) to SPDR MSCI World Quality Mix ETF (QWLD)

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

QWLD

SPDR MSCI World Quality Mix ETF

QWLD Description

The investment seeks to track the performance of the MSCI World Quality Mix Index. The index captures large-and mid-cap representation across 24 developed countries and aims to represent the performance of value, low volatility, and quality factor strategies. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index or in American Depositary Receipts ("ADRs") or Global Depositary Receipts ("GDRs") based on securities comprising the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$127.75

Average Daily Volume

3,758

Number of Holdings ^*

609

* may have additional holdings in another (foreign) market

Performance

Period	INRO	QWLD
30 Days	3.09%	-0.87%
60 Days	7.53%	0.52%
90 Days	8.17%	2.56%
12 Months		23.47%

440 Overlapping Holdings

	Symbol	Grade	Weight in INRO	Weight in QWLD	Overlap
	A	F	0.1%	0.07%	0.07%
	AAPL	C	5.81%	2.5%	2.5%
	ABNB	C	0.04%	0.01%	0.01%
	ABT	C	0.07%	0.09%	0.07%
	ACGL	C	0.07%	0.25%	0.07%
	ACM	B	0.04%	0.01%	0.01%
	ACN	B	0.13%	0.65%	0.13%
	ADBE	C	0.34%	0.42%	0.34%
	ADI	D	0.24%	0.04%	0.04%
	ADP	A	0.23%	0.26%	0.23%
	ADSK	B	0.1%	0.1%	0.1%
	AEP	D	0.2%	0.07%	0.07%
	AFG	A	0.02%	0.02%	0.02%
	AFL	C	0.17%	0.12%	0.12%
	AIG	B	0.16%	0.07%	0.07%
	AIZ	A	0.03%	0.08%	0.03%
	AJG	A	0.17%	0.18%	0.17%
	AKAM	F	0.01%	0.13%	0.01%
	ALGN	D	0.01%	0.0%	0.0%
	ALL	B	0.14%	0.07%	0.07%
	ALLE	D	0.07%	0.02%	0.02%
	ALLY	C	0.02%	0.02%	0.02%
	AMAT	F	0.32%	0.32%	0.32%
	AMCR	D	0.22%	0.08%	0.08%
	AMD	F	0.48%	0.04%	0.04%
	AME	A	0.08%	0.01%	0.01%
	AMP	A	0.17%	0.09%	0.09%
	AMT	F	0.19%	0.02%	0.02%
	AMZN	A	2.44%	0.37%	0.37%
	ANSS	B	0.05%	0.0%	0.0%
	AON	B	0.2%	0.17%	0.17%
	AOS	F	0.06%	0.02%	0.02%
	APA	F	0.01%	0.03%	0.01%
	APH	B	0.13%	0.43%	0.13%
	APO	B	0.04%	0.02%	0.02%
	APP	B	0.05%	0.0%	0.0%
	ARE	F	0.02%	0.01%	0.01%
	ARES	B	0.11%	0.01%	0.01%
	AVGO	C	1.59%	0.12%	0.12%
	AVTR	F	0.04%	0.01%	0.01%
	AVY	F	0.25%	0.03%	0.03%
	AXON	B	0.02%	0.0%	0.0%
	AXP	B	1.43%	0.06%	0.06%
	AZO	B	0.19%	0.29%	0.19%
	BA	F	0.08%	0.01%	0.01%
	BAC	A	0.89%	0.38%	0.38%
	BAH	C	0.04%	0.18%	0.04%
	BALL	D	0.28%	0.01%	0.01%
	BAX	F	0.01%	0.01%	0.01%
	BBWI	C	0.03%	0.0%	0.0%
	BBY	C	0.07%	0.05%	0.05%
	BDX	F	0.02%	0.08%	0.02%
	BEN	C	0.03%	0.01%	0.01%
	BIO	C	0.02%	0.0%	0.0%
	BK	B	0.11%	0.05%	0.05%
	BKNG	A	0.09%	0.03%	0.03%
	BLDR	C	0.13%	0.04%	0.04%
	BMY	B	0.03%	0.21%	0.03%
	BR	A	0.07%	0.04%	0.04%
	BRK.A	B	0.41%	0.72%	0.41%
	BRO	B	0.08%	0.14%	0.08%
	BSX	A	0.04%	0.02%	0.02%
	BSY	F	0.02%	0.01%	0.01%
	BURL	C	0.06%	0.01%	0.01%
	BX	A	0.38%	0.03%	0.03%
	BXP	D	0.87%	0.01%	0.01%
	C	B	0.38%	0.25%	0.25%
	CAH	B	0.01%	0.12%	0.01%
	CARR	C	0.37%	0.02%	0.02%
	CAT	B	0.53%	0.39%	0.39%
	CB	C	0.31%	0.38%	0.31%
	CBOE	D	0.04%	0.24%	0.04%
	CBRE	B	0.09%	0.03%	0.03%
	CCI	F	0.09%	0.01%	0.01%
	CCK	D	0.17%	0.01%	0.01%
	CCL	B	0.01%	0.01%	0.01%
	CDNS	B	0.13%	0.14%	0.13%
	CDW	F	0.04%	0.08%	0.04%
	CEG	D	0.26%	0.02%	0.02%
	CFG	B	0.06%	0.04%	0.04%
	CG	B	0.04%	0.01%	0.01%
	CHRD	D	0.01%	0.01%	0.01%
	CI	D	0.04%	0.17%	0.04%
	CINF	A	0.07%	0.02%	0.02%
	CME	B	0.27%	0.15%	0.15%
	CMG	B	0.05%	0.13%	0.05%
	CMI	A	0.13%	0.09%	0.09%
	CNC	F	0.01%	0.05%	0.01%
	CNH	D	0.02%	0.02%	0.02%
	COF	B	0.57%	0.1%	0.1%
	COIN	B	0.11%	0.01%	0.01%
	COP	C	0.19%	0.1%	0.1%
	COR	B	0.01%	0.42%	0.01%
	COST	B	0.38%	0.75%	0.38%
	CPAY	A	0.01%	0.01%	0.01%
	CPRT	A	0.23%	0.08%	0.08%
	CRL	C	0.02%	0.0%	0.0%
	CRM	B	0.46%	0.05%	0.05%
	CRWD	B	0.11%	0.0%	0.0%
	CSGP	F	0.06%	0.0%	0.0%
	CSL	B	0.13%	0.03%	0.03%
	CSX	B	0.21%	0.12%	0.12%
	CTAS	B	0.4%	0.14%	0.14%
	CTRA	B	0.03%	0.02%	0.02%
	CTSH	A	0.03%	0.21%	0.03%
	CVS	F	0.03%	0.18%	0.03%
	CVX	A	0.4%	0.31%	0.31%
	DAL	A	0.02%	0.01%	0.01%
	DASH	A	0.03%	0.0%	0.0%
	DAY	B	0.02%	0.0%	0.0%
	DDOG	B	0.06%	0.0%	0.0%
	DE	D	0.3%	0.06%	0.06%
	DELL	C	0.07%	0.01%	0.01%
	DFS	B	0.34%	0.04%	0.04%
	DG	F	0.02%	0.01%	0.01%
	DGX	B	0.01%	0.1%	0.01%
	DHI	D	0.38%	0.11%	0.11%
	DHR	F	0.38%	0.05%	0.05%
	DINO	D	0.01%	0.05%	0.01%
	DKNG	B	0.01%	0.0%	0.0%
	DKS	D	0.05%	0.02%	0.02%
	DLR	C	0.11%	0.02%	0.02%
	DLTR	F	0.01%	0.01%	0.01%
	DOC	C	0.02%	0.01%	0.01%
	DOCU	B	0.03%	0.0%	0.0%
	DOV	A	0.08%	0.05%	0.05%
	DPZ	C	0.01%	0.06%	0.01%
	DRI	B	0.02%	0.03%	0.02%
	DT	C	0.03%	0.0%	0.0%
	DUK	D	0.33%	0.36%	0.33%
	DVA	C	0.0%	0.01%	0.0%
	DVN	F	0.04%	0.03%	0.03%
	DXCM	C	0.01%	0.0%	0.0%
	EBAY	C	0.04%	0.01%	0.01%
	EFX	F	0.07%	0.01%	0.01%
	EG	D	0.04%	0.06%	0.04%
	EIX	C	0.12%	0.02%	0.02%
	ELV	F	0.04%	0.22%	0.04%
	EME	B	0.06%	0.04%	0.04%
	EMR	A	0.13%	0.03%	0.03%
	ENPH	F	0.03%	0.02%	0.02%
	ENTG	F	0.03%	0.0%	0.0%
	EOG	A	0.11%	0.05%	0.05%
	EPAM	B	0.01%	0.02%	0.01%
	EQIX	B	0.17%	0.01%	0.01%
	EQT	B	0.04%	0.01%	0.01%
	ERIE	F	0.03%	0.12%	0.03%
	ES	D	0.08%	0.01%	0.01%
	ETN	B	0.27%	0.03%	0.03%
	ETR	B	0.13%	0.03%	0.03%
	EVRG	A	0.06%	0.01%	0.01%
	EW	F	0.01%	0.07%	0.01%
	EXC	C	0.15%	0.03%	0.03%
	EXPE	B	0.01%	0.01%	0.01%
	EXR	D	0.07%	0.01%	0.01%
	F	C	0.06%	0.09%	0.06%
	FANG	C	0.06%	0.09%	0.06%
	FAST	B	0.38%	0.09%	0.09%
	FBIN	F	0.07%	0.01%	0.01%
	FCNCA	B	0.06%	0.12%	0.06%
	FCX	F	0.15%	0.03%	0.03%
	FDS	A	0.07%	0.03%	0.03%
	FE	D	0.08%	0.01%	0.01%
	FI	A	0.08%	0.08%	0.08%
	FICO	B	0.07%	0.04%	0.04%
	FIS	B	0.04%	0.02%	0.02%
	FITB	A	0.1%	0.03%	0.03%
	FNF	C	0.0%	0.01%	0.0%
	FSLR	F	0.04%	0.01%	0.01%
	FTNT	B	0.08%	0.01%	0.01%
	FTV	C	0.07%	0.01%	0.01%
	GD	C	0.06%	0.19%	0.06%
	GDDY	B	0.01%	0.23%	0.01%
	GE	D	0.17%	0.31%	0.17%
	GEHC	D	0.01%	0.02%	0.01%
	GEN	B	0.03%	0.12%	0.03%
	GEV	B	0.16%	0.02%	0.02%
	GGG	B	0.04%	0.03%	0.03%
	GLPI	D	0.03%	0.01%	0.01%
	GLW	B	0.06%	0.02%	0.02%
	GM	B	0.08%	0.18%	0.08%
	GOOG	C	2.71%	0.95%	0.95%
	GOOGL	C	3.12%	1.08%	1.08%
	GPN	B	0.02%	0.02%	0.02%
	GRMN	A	0.23%	0.05%	0.05%
	GS	B	0.55%	0.17%	0.17%
	GWW	B	0.41%	0.11%	0.11%
	H	B	0.0%	0.0%	0.0%
	HBAN	A	0.06%	0.03%	0.03%
	HCA	D	0.03%	0.04%	0.03%
	HD	B	1.45%	0.14%	0.14%
	HEI	A	0.01%	0.0%	0.0%
	HEI	A	0.0%	0.0%	0.0%
	HEI	A	0.0%	0.0%	0.0%
	HEI	A	0.01%	0.0%	0.0%
	HES	B	0.05%	0.01%	0.01%
	HIG	C	0.1%	0.03%	0.03%
	HII	F	0.0%	0.01%	0.0%
	HLT	A	0.03%	0.01%	0.01%
	HOLX	D	0.01%	0.01%	0.01%
	HON	B	1.28%	0.25%	0.25%
	HOOD	B	0.04%	0.0%	0.0%
	HPE	B	0.05%	0.04%	0.04%
	HPQ	B	0.06%	0.04%	0.04%
	HUBB	C	0.04%	0.04%	0.04%
	HUM	D	0.01%	0.16%	0.01%
	HWM	B	0.03%	0.01%	0.01%
	IBM	D	0.12%	0.48%	0.12%
	ICE	C	0.32%	0.03%	0.03%
	IDXX	F	0.01%	0.07%	0.01%
	IEX	B	0.04%	0.03%	0.03%
	ILMN	C	0.06%	0.0%	0.0%
	INTC	C	0.2%	0.1%	0.1%
	INTU	A	0.28%	0.25%	0.25%
	IOT	B	0.02%	0.0%	0.0%
	IP	B	0.28%	0.02%	0.02%
	IQV	F	0.09%	0.01%	0.01%
	IR	A	0.11%	0.01%	0.01%
	IRM	D	0.07%	0.01%	0.01%
	ISRG	A	0.06%	0.25%	0.06%
	IT	B	0.02%	0.04%	0.02%
	ITW	B	0.22%	0.14%	0.14%
	J	D	0.03%	0.01%	0.01%
	JBHT	C	0.05%	0.03%	0.03%
	JBL	C	0.02%	0.02%	0.02%
	JCI	A	0.31%	0.03%	0.03%
	JKHY	C	0.0%	0.07%	0.0%
	JNJ	D	0.1%	1.11%	0.1%
	JPM	A	1.93%	0.59%	0.59%
	KEY	B	0.05%	0.03%	0.03%
	KEYS	C	0.04%	0.18%	0.04%
	KKR	B	0.27%	0.02%	0.02%
	KLAC	F	0.19%	0.16%	0.16%
	KMI	B	0.08%	0.04%	0.04%
	KMX	B	0.05%	0.01%	0.01%
	KNX	C	0.02%	0.01%	0.01%
	KR	A	0.04%	0.32%	0.04%
	L	A	0.04%	0.17%	0.04%
	LDOS	C	0.05%	0.01%	0.01%
	LEN	D	0.32%	0.09%	0.09%
	LH	B	0.01%	0.02%	0.01%
	LHX	B	0.04%	0.03%	0.03%
	LII	B	0.12%	0.0%	0.0%
	LLY	F	0.16%	1.17%	0.16%
	LMT	D	0.1%	0.43%	0.1%
	LNG	B	0.06%	0.05%	0.05%
	LNT	C	0.06%	0.03%	0.03%
	LOW	B	0.56%	0.07%	0.07%
	LPLA	A	0.07%	0.04%	0.04%
	LRCX	F	0.21%	0.2%	0.2%
	LUV	B	0.01%	0.0%	0.0%
	LVS	C	0.01%	0.0%	0.0%
	MA	B	0.28%	0.7%	0.28%
	MANH	C	0.03%	0.04%	0.03%
	MAR	A	0.04%	0.01%	0.01%
	MAS	D	0.11%	0.01%	0.01%
	MCD	C	0.14%	0.41%	0.14%
	MCHP	F	0.09%	0.06%	0.06%
	MCK	B	0.03%	0.51%	0.03%
	MCO	C	0.26%	0.12%	0.12%
	MDT	D	0.04%	0.06%	0.04%
	MELI	D	0.13%	0.01%	0.01%
	MET	C	0.14%	0.05%	0.05%
	META	B	3.86%	2.14%	2.14%
	MGM	D	0.01%	0.01%	0.01%
	MKL	A	0.05%	0.12%	0.05%
	MKTX	C	0.04%	0.02%	0.02%
	MLM	B	0.82%	0.01%	0.01%
	MMC	D	0.32%	0.51%	0.32%
	MMM	C	0.66%	0.14%	0.14%
	MO	A	0.31%	0.04%	0.04%
	MOH	F	0.01%	0.06%	0.01%
	MPC	D	0.08%	0.17%	0.08%
	MPWR	F	0.08%	0.06%	0.06%
	MRK	F	0.07%	0.44%	0.07%
	MRO	B	0.03%	0.02%	0.02%
	MRVL	B	0.16%	0.01%	0.01%
	MS	A	0.46%	0.11%	0.11%
	MSCI	B	0.16%	0.0%	0.0%
	MSFT	C	4.62%	2.29%	2.29%
	MSTR	B	0.06%	0.0%	0.0%
	MTB	A	0.1%	0.05%	0.05%
	MTCH	F	0.03%	0.0%	0.0%
	MU	D	0.24%	0.04%	0.04%
	NDAQ	B	0.11%	0.01%	0.01%
	NDSN	B	0.04%	0.02%	0.02%
	NEE	D	0.6%	0.05%	0.05%
	NEM	F	0.14%	0.04%	0.04%
	NET	B	0.02%	0.0%	0.0%
	NOC	D	0.06%	0.33%	0.06%
	NOW	A	0.31%	0.01%	0.01%
	NRG	C	0.07%	0.02%	0.02%
	NSC	B	0.17%	0.03%	0.03%
	NTAP	D	0.04%	0.04%	0.04%
	NTRS	A	0.08%	0.02%	0.02%
	NVDA	A	7.14%	2.56%	2.56%
	NVR	D	0.23%	0.06%	0.06%
	NXPI	F	0.13%	0.02%	0.02%
	OC	A	0.09%	0.03%	0.03%
	ODFL	B	0.12%	0.08%	0.08%
	OKE	A	0.08%	0.03%	0.03%
	OKTA	C	0.01%	0.0%	0.0%
	ON	F	0.06%	0.01%	0.01%
	ORCL	A	0.45%	0.25%	0.25%
	ORLY	A	0.25%	0.24%	0.24%
	OTIS	D	0.12%	0.01%	0.01%
	OVV	C	0.02%	0.02%	0.02%
	OXY	F	0.05%	0.03%	0.03%
	PANW	B	0.19%	0.18%	0.18%
	PAYC	B	0.02%	0.02%	0.02%
	PAYX	B	0.09%	0.1%	0.09%
	PCAR	B	0.16%	0.11%	0.11%
	PCG	A	0.15%	0.03%	0.03%
	PFE	F	0.04%	0.19%	0.04%
	PFG	C	0.07%	0.02%	0.02%
	PGR	A	0.4%	0.35%	0.35%
	PH	A	0.24%	0.02%	0.02%
	PHM	D	0.2%	0.06%	0.06%
	PINS	F	0.06%	0.0%	0.0%
	PKG	B	0.31%	0.04%	0.04%
	PLTR	B	0.13%	0.0%	0.0%
	PM	B	0.67%	0.07%	0.07%
	PNC	B	0.24%	0.09%	0.09%
	PNR	A	0.05%	0.03%	0.03%
	PODD	B	0.0%	0.0%	0.0%
	PPL	A	0.05%	0.01%	0.01%
	PRU	B	0.09%	0.05%	0.05%
	PSA	D	0.1%	0.08%	0.08%
	PSTG	D	0.03%	0.0%	0.0%
	PSX	C	0.08%	0.13%	0.08%
	PTC	B	0.04%	0.08%	0.04%
	PWR	B	0.13%	0.01%	0.01%
	PYPL	A	0.05%	0.04%	0.04%
	QCOM	F	0.39%	0.34%	0.34%
	QRVO	F	0.02%	0.0%	0.0%
	RCL	A	0.03%	0.01%	0.01%
	RF	A	0.07%	0.03%	0.03%
	RIVN	F	0.01%	0.0%	0.0%
	RJF	A	0.1%	0.02%	0.02%
	RMD	C	0.01%	0.05%	0.01%
	ROK	B	0.06%	0.06%	0.06%
	ROL	C	0.07%	0.08%	0.07%
	ROP	A	0.09%	0.49%	0.09%
	ROST	D	0.18%	0.02%	0.02%
	RSG	B	0.23%	0.45%	0.23%
	RTX	D	0.14%	0.09%	0.09%
	RVTY	C	0.04%	0.01%	0.01%
	SBAC	D	0.05%	0.01%	0.01%
	SBUX	B	0.07%	0.04%	0.04%
	SCHW	B	0.34%	0.04%	0.04%
	SEIC	A	0.06%	0.02%	0.02%
	SMCI	F	0.02%	0.02%	0.02%
	SNA	A	0.05%	0.04%	0.04%
	SNAP	C	0.04%	0.0%	0.0%
	SNOW	C	0.02%	0.0%	0.0%
	SNPS	C	0.13%	0.13%	0.13%
	SO	D	0.37%	0.45%	0.37%
	SPGI	C	0.51%	0.03%	0.03%
	SQ	B	0.03%	0.01%	0.01%
	SSNC	C	0.03%	0.01%	0.01%
	STE	D	0.01%	0.01%	0.01%
	STT	B	0.11%	0.03%	0.03%
	STX	D	0.04%	0.01%	0.01%
	SW	B	0.41%	0.03%	0.03%
	SWK	F	0.04%	0.01%	0.01%
	SWKS	F	0.03%	0.03%	0.03%
	SYF	B	0.21%	0.04%	0.04%
	SYK	A	0.04%	0.03%	0.03%
	SYY	D	0.03%	0.03%	0.03%
	TDG	D	0.06%	0.01%	0.01%
	TDY	B	0.03%	0.06%	0.03%
	TECH	D	0.03%	0.0%	0.0%
	TER	F	0.03%	0.03%	0.03%
	TFC	B	0.18%	0.09%	0.09%
	TGT	C	0.07%	0.14%	0.07%
	TJX	A	0.47%	0.33%	0.33%
	TMO	F	0.49%	0.06%	0.06%
	TMUS	A	4.54%	0.73%	0.73%
	TOST	A	0.01%	0.0%	0.0%
	TPL	B	0.03%	0.05%	0.03%
	TRGP	B	0.05%	0.04%	0.04%
	TRMB	B	0.02%	0.01%	0.01%
	TROW	A	0.05%	0.05%	0.05%
	TRU	D	0.04%	0.01%	0.01%
	TRV	B	0.16%	0.29%	0.16%
	TSCO	D	0.11%	0.06%	0.06%
	TSLA	B	0.98%	0.14%	0.14%
	TT	B	0.54%	0.14%	0.14%
	TTC	F	0.02%	0.02%	0.02%
	TW	B	0.06%	0.0%	0.0%
	TWLO	B	0.01%	0.01%	0.01%
	TXN	B	0.39%	0.51%	0.39%
	TXT	D	0.01%	0.01%	0.01%
	TYL	B	0.04%	0.0%	0.0%
	UBER	F	0.43%	0.01%	0.01%
	UHAL	D	0.02%	0.01%	0.01%
	UHS	D	0.01%	0.01%	0.01%
	ULTA	C	0.07%	0.07%	0.07%
	UNH	B	0.23%	1.34%	0.23%
	UNP	D	0.44%	0.27%	0.27%
	URI	B	0.44%	0.02%	0.02%
	USB	B	0.23%	0.09%	0.09%
	V	A	0.31%	1.19%	0.31%
	VEEV	B	0.25%	0.05%	0.05%
	VICI	D	0.06%	0.02%	0.02%
	VLO	C	0.06%	0.07%	0.06%
	VLTO	D	0.13%	0.05%	0.05%
	VMC	B	0.81%	0.01%	0.01%
	VRSK	A	0.07%	0.01%	0.01%
	VRSN	C	0.01%	0.14%	0.01%
	VRT	B	0.08%	0.0%	0.0%
	VTR	C	0.04%	0.01%	0.01%
	VTRS	B	0.01%	0.03%	0.01%
	WAB	B	0.1%	0.01%	0.01%
	WAT	B	0.05%	0.04%	0.04%
	WBA	D	0.01%	0.04%	0.01%
	WCN	A	0.24%	0.26%	0.24%
	WDAY	B	0.08%	0.04%	0.04%
	WDC	D	0.04%	0.01%	0.01%
	WELL	B	0.11%	0.02%	0.02%
	WFC	A	0.68%	0.27%	0.27%
	WM	A	0.45%	0.52%	0.45%
	WMB	B	0.1%	0.19%	0.1%
	WMT	A	0.36%	0.75%	0.36%
	WRB	B	0.05%	0.14%	0.05%
	WSM	F	0.07%	0.03%	0.03%
	WSO	B	0.14%	0.03%	0.03%
	WST	B	0.05%	0.04%	0.04%
	WTW	A	0.06%	0.07%	0.06%
	WY	F	0.05%	0.02%	0.02%
	WYNN	C	0.01%	0.0%	0.0%
	XEL	A	0.14%	0.08%	0.08%
	XOM	B	0.79%	0.47%	0.47%
	XYL	F	0.08%	0.01%	0.01%
	YUM	B	0.02%	0.15%	0.02%
	Z	B	0.02%	0.0%	0.0%
	ZBH	C	0.01%	0.01%	0.01%
	ZBRA	B	0.03%	0.01%	0.01%
	ZM	B	0.03%	0.01%	0.01%
	ZTS	D	0.02%	0.15%	0.02%

INRO Overweight 6 Positions Relative to QWLD

	Symbol	Grade	Weight
	MTD	F	0.07%
	TEAM	B	0.06%
	HUBS	B	0.04%
	FLUT	A	0.03%
	ZS	B	0.03%
	MDB	C	0.01%

INRO Underweight 171 Positions Relative to QWLD

	Symbol	Grade	Weight
	CSCO	A	-1.02%
	PG	C	-0.89%
	NVS	F	-0.81%
	PEP	D	-0.79%
	MSI	B	-0.61%
	KO	F	-0.57%
	VZ	D	-0.56%
	NFLX	A	-0.51%
	VRTX	B	-0.45%
	ABBV	F	-0.41%
	T	A	-0.38%
	ED	D	-0.36%
	REGN	F	-0.33%
	GIS	F	-0.33%
	UL	D	-0.27%
	GILD	B	-0.25%
	HSBH	A	-0.25%
	MFG	A	-0.22%
	K	A	-0.22%
	KHC	F	-0.21%
	ANET	C	-0.21%
	CL	F	-0.19%
	EA	A	-0.19%
	WEC	B	-0.19%
	CHD	A	-0.18%
	AMGN	F	-0.18%
	CHKP	C	-0.17%
	CMCSA	B	-0.17%
	INCY	B	-0.16%
	ABBV	F	-0.16%
	HSY	F	-0.16%
	UTHR	B	-0.16%
	FFIV	B	-0.16%
	NKE	F	-0.16%
	MDLZ	F	-0.15%
	SHW	A	-0.14%
	KDP	C	-0.14%
	TM	F	-0.14%
	JNPR	D	-0.13%
	TSN	B	-0.13%
	MUFG	A	-0.13%
	TD	D	-0.12%
	E	F	-0.12%
	CF	B	-0.12%
	KMB	D	-0.11%
	DEO	F	-0.11%
	BCS	B	-0.11%
	NBIX	C	-0.11%
	SMFG	A	-0.1%
	CNI	F	-0.1%
	LYG	D	-0.09%
	CPB	F	-0.09%
	HRL	F	-0.09%
	KVUE	A	-0.08%
	SONY	C	-0.08%
	DIS	B	-0.08%
	STLA	F	-0.08%
	AEE	B	-0.08%
	FDX	B	-0.07%
	UPS	C	-0.07%
	MNST	B	-0.07%
	HMC	F	-0.07%
	LULU	B	-0.07%
	BMRN	F	-0.07%
	SJM	F	-0.07%
	CHTR	B	-0.06%
	D	D	-0.06%
	WBD	B	-0.06%
	LOGI	F	-0.06%
	LIN	D	-0.06%
	CTVA	C	-0.05%
	ADM	F	-0.05%
	DECK	B	-0.05%
	MT	C	-0.05%
	NUE	D	-0.05%
	CMS	D	-0.05%
	GPC	D	-0.05%
	EXPD	C	-0.04%
	DOW	F	-0.04%
	CAG	F	-0.04%
	PLD	D	-0.04%
	OMC	A	-0.04%
	BTI	C	-0.04%
	STLD	C	-0.03%
	APD	B	-0.03%
	LYB	F	-0.03%
	POOL	D	-0.03%
	SLB	C	-0.03%
	SOLV	C	-0.03%
	SRE	B	-0.03%
	PARA	B	-0.02%
	ACI	C	-0.02%
	HAL	C	-0.02%
	NMR	B	-0.02%
	RS	C	-0.02%
	SPG	A	-0.02%
	DTE	D	-0.02%
	AER	B	-0.02%
	MOS	D	-0.02%
	PEG	C	-0.02%
	O	D	-0.02%
	DD	D	-0.02%
	BKR	B	-0.02%
	IPG	F	-0.02%
	BG	D	-0.02%
	CTLT	D	-0.01%
	WTRG	C	-0.01%
	RPRX	F	-0.01%
	EL	F	-0.01%
	RPM	A	-0.01%
	HST	D	-0.01%
	TTWO	A	-0.01%
	FOX	A	-0.01%
	CLX	A	-0.01%
	REG	A	-0.01%
	NWSA	B	-0.01%
	SUI	F	-0.01%
	MBAVU	C	-0.01%
	WPC	F	-0.01%
	INVH	D	-0.01%
	ESS	C	-0.01%
	MKC	D	-0.01%
	HSIC	F	-0.01%
	AES	F	-0.01%
	CCEP	C	-0.01%
	MAA	C	-0.01%
	STZ	D	-0.01%
	AGCO	F	-0.01%
	CE	F	-0.01%
	SE	B	-0.01%
	AWK	D	-0.01%
	LKQ	C	-0.01%
	WFG	C	-0.01%
	EMN	D	-0.01%
	ALB	C	-0.01%
	NI	A	-0.01%
	KIM	A	-0.01%
	IFF	F	-0.01%
	MRNA	F	-0.01%
	EQR	C	-0.01%
	VST	B	-0.01%
	CNP	B	-0.01%
	APTV	F	-0.01%
	EQH	B	-0.01%
	AVB	B	-0.01%
	TAP	B	-0.01%
	ATO	B	-0.01%
	CHRW	A	-0.01%
	FOXA	A	-0.01%
	CRBG	C	-0.01%
	ECL	C	-0.01%
	BIIB	F	-0.01%
	PPG	F	-0.01%
	GLBE	B	-0.0%
	XRX	F	-0.0%
	RBLX	B	-0.0%
	FUTU	C	-0.0%
	GRAB	B	-0.0%
	EXAS	F	-0.0%
	ROKU	C	-0.0%
	ELS	B	-0.0%
	TTD	B	-0.0%
	LYV	A	-0.0%
	WLK	F	-0.0%
	QGEN	D	-0.0%
	LW	B	-0.0%
	UDR	C	-0.0%
	TFX	F	-0.0%
	AMH	C	-0.0%
	OTEX	F	-0.0%
	CPT	C	-0.0%

INRO: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Business Services Diagnostics & Research Semiconductors Asset Management Oil & Gas E&P Capital Markets Software - Infrastructure Utilities - Regulated Electric Aerospace & Defense Banks - Regional - US Specialty Retail Insurance - Property & Casualty Internet Content & Information Medical Devices Credit Services Health Care Plans Information Technology Services Medical Instruments & Supplies

Keywords: S&P 500 Nasdaq 100 Computing Insurance Natural Gas Electronics Bank Dow Jones Component Aerospace Banking Electricity Cloud Computing Semiconductor Insurance Products Medicine Chemical Investment Bank Mining Telecommunications Work From Home

QWLD: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Utilities - Regulated Electric Business Services Diagnostics & Research Semiconductors Asset Management Capital Markets Oil & Gas E&P Software - Infrastructure Specialty Retail Aerospace & Defense Banks - Regional - US Drug Manufacturers - Major REIT - Residential Specialty Chemicals Biotechnology Insurance - Property & Casualty Packaged Foods Banks - Global

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Insurance Electricity Dow Jones Component Electronics Bank Chemical Telecommunications Aerospace Banking Real Estate Investment Trust Medicine Insurance Products Semiconductor Cloud Computing Mining Mobile Devices