QLD vs. INRO ETF Comparison

Comparison of ProShares Ultra QQQ (QLD) to BlackRock U.S. Industry Rotation ETF (INRO)

QLD

ProShares Ultra QQQ

QLD Description

The investment seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the NASDAQ-100 Index®. The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times (2x) the daily return of the index. The index, a modified market capitalization-weighted index, includes 100 of the largest non-financial domestic and international issues listed on the NASDAQ Stock Market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$100.35

Average Daily Volume

3,411,658

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

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

$26.96

Average Daily Volume

4,607

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QLD	INRO
30 Days	11.38%	5.14%
60 Days	23.21%	11.23%
90 Days	-6.10%	0.94%
12 Months	69.63%

9 Overlapping Holdings

Symbol	Grade	Weight in QLD	Weight in INRO	Overlap
AAPL	C	6.59%	7.68%	6.59%
AVGO	B	3.84%	1.7%	1.7%
GOOG	B	1.74%	2.47%	1.74%
GOOGL	B	1.81%	2.85%	1.81%
META	A	3.7%	3.67%	3.67%
MSFT	D	5.95%	5.95%	5.95%
NVDA	B	5.54%	6.65%	5.54%
TMUS	A	1.16%	2.43%	1.16%
TSLA	C	2.35%	1.99%	1.99%

QLD Overweight 92 Positions Relative to INRO

Symbol	Grade	Weight
AMZN	C	3.64%
COST	C	1.89%
NFLX	A	1.46%
AMD	C	1.27%
PEP	F	1.12%
ADBE	F	1.1%
LIN	C	1.09%
CSCO	A	1.03%
TXN	C	0.91%
QCOM	D	0.91%
ISRG	C	0.84%
AMGN	D	0.83%
INTU	F	0.83%
AMAT	C	0.8%
CMCSA	B	0.77%
BKNG	B	0.68%
HON	C	0.64%
VRTX	D	0.58%
REGN	D	0.55%
ADI	B	0.55%
MU	D	0.55%
ADP	A	0.54%
SBUX	B	0.53%
PANW	B	0.53%
LRCX	D	0.51%
MELI	D	0.5%
KLAC	B	0.5%
GILD	A	0.5%
INTC	D	0.48%
MDLZ	D	0.47%
PDD	B	0.43%
CTAS	C	0.4%
CEG	A	0.39%
ASML	F	0.38%
PYPL	A	0.38%
SNPS	F	0.37%
CDNS	D	0.36%
MAR	A	0.34%
ORLY	A	0.32%
CSX	D	0.32%
CRWD	D	0.31%
MRVL	C	0.3%
ADSK	B	0.29%
ROP	D	0.29%
NXPI	F	0.29%
FTNT	A	0.28%
ABNB	D	0.27%
AEP	C	0.26%
DASH	A	0.26%
MNST	D	0.25%
PCAR	D	0.25%
WDAY	D	0.25%
TTD	A	0.24%
ROST	D	0.24%
CPRT	B	0.24%
KDP	C	0.24%
PAYX	B	0.23%
AZN	D	0.22%
CHTR	D	0.22%
GEHC	C	0.21%
MCHP	F	0.21%
FAST	C	0.2%
IDXX	D	0.2%
KHC	F	0.2%
ODFL	F	0.2%
EXC	C	0.19%
EA	D	0.18%
VRSK	D	0.18%
CTSH	B	0.18%
DDOG	B	0.17%
BKR	B	0.17%
CCEP	C	0.17%
XEL	C	0.17%
CDW	D	0.15%
FANG	D	0.15%
CSGP	F	0.15%
ON	F	0.15%
LULU	D	0.15%
BIIB	F	0.14%
DXCM	F	0.13%
TTWO	D	0.13%
ANSS	D	0.13%
SMCI	F	0.12%
TEAM	D	0.12%
MRNA	F	0.12%
ZS	F	0.12%
GFS	F	0.11%
MDB	D	0.1%
WBD	F	0.1%
ILMN	B	0.1%
ARM	C	0.09%
DLTR	F	0.07%

QLD Underweight 1 Positions Relative to INRO

	Symbol	Grade	Weight
	HD	A	-1.68%