SCHX vs. INRO ETF Comparison

Comparison of Schwab U.S. Large-Cap ETF (SCHX) to BlackRock U.S. Industry Rotation ETF (INRO)

SCHX

Schwab U.S. Large-Cap ETF

SCHX Description

The investment seeks to track as closely as possible, before fees and expenses, the total return of the Dow Jones U.S. Large-Cap Total Stock Market IndexSM. The fund invests at least 90% of net assets in stocks that are included in the index. The index includes the large-cap portion of the Dow Jones U.S. Total Stock Market IndexSM actually available to investors in the marketplace. The Dow Jones U.S. Large-Cap Total Stock Market Index includes the components ranked 1-750 by full market capitalization. The index is a float-adjusted market capitalization weighted index. It may invest up to 10% of its net assets in securities not included in its index.

Grade (RS Rating)

Last Trade

$23.74

Average Daily Volume

7,769,851

Number of Holdings ^*

735

* 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

$28.53

Average Daily Volume

3,298

Number of Holdings ^*

429

* may have additional holdings in another (foreign) market

Performance

Period	SCHX	INRO
30 Days	3.89%	4.43%
60 Days	5.22%	5.95%
90 Days	7.64%	8.13%
12 Months	34.09%

426 Overlapping Holdings

	Symbol	Grade	Weight in SCHX	Weight in INRO	Overlap
	A	D	0.07%	0.05%	0.05%
	AAPL	B	6.43%	5.76%	5.76%
	ABBV	D	0.56%	0.39%	0.39%
	ACGL	D	0.07%	0.05%	0.05%
	ACI	C	0.01%	0.01%	0.01%
	ACM	A	0.03%	0.11%	0.03%
	ACN	B	0.42%	0.07%	0.07%
	ADBE	C	0.44%	0.32%	0.32%
	ADI	D	0.2%	0.22%	0.2%
	ADP	B	0.23%	0.29%	0.23%
	ADSK	B	0.12%	0.09%	0.09%
	AEP	D	0.09%	0.32%	0.09%
	AES	F	0.02%	0.03%	0.02%
	AFG	A	0.02%	0.02%	0.02%
	AFL	B	0.1%	0.09%	0.09%
	AIG	B	0.09%	0.09%	0.09%
	AIZ	B	0.02%	0.02%	0.02%
	AJG	A	0.12%	0.1%	0.1%
	ALL	B	0.1%	0.08%	0.08%
	ALLE	D	0.02%	0.08%	0.02%
	ALLY	C	0.02%	0.02%	0.02%
	ALNY	D	0.06%	0.04%	0.04%
	AMAT	F	0.29%	0.3%	0.29%
	AMCR	D	0.03%	0.07%	0.03%
	AMD	F	0.42%	0.47%	0.42%
	AME	A	0.08%	0.15%	0.08%
	AMGN	D	0.29%	0.2%	0.2%
	AMP	B	0.1%	0.19%	0.1%
	AMT	D	0.17%	0.11%	0.11%
	AMZN	C	3.66%	1.47%	1.47%
	ANSS	B	0.06%	0.05%	0.05%
	AON	A	0.15%	0.11%	0.11%
	AOS	D	0.02%	0.06%	0.02%
	APA	F	0.02%	0.01%	0.01%
	APD	A	0.13%	0.01%	0.01%
	APH	B	0.16%	0.19%	0.16%
	APO	A	0.14%	0.01%	0.01%
	APP	B	0.11%	0.1%	0.1%
	ARE	D	0.03%	0.04%	0.03%
	ARES	B	0.06%	0.12%	0.06%
	ATO	A	0.04%	0.05%	0.04%
	AVB	B	0.06%	0.01%	0.01%
	AVGO	D	1.47%	1.54%	1.47%
	AVTR	F	0.03%	0.02%	0.02%
	AVY	D	0.03%	0.07%	0.03%
	AXON	B	0.08%	0.02%	0.02%
	AXP	A	0.3%	1.14%	0.3%
	AZO	C	0.1%	0.15%	0.1%
	BA	D	0.19%	0.04%	0.04%
	BAC	A	0.57%	0.81%	0.57%
	BAH	F	0.04%	0.04%	0.04%
	BALL	D	0.03%	0.08%	0.03%
	BBWI	C	0.01%	0.02%	0.01%
	BBY	D	0.03%	0.05%	0.03%
	BEN	C	0.01%	0.03%	0.01%
	BIIB	F	0.04%	0.03%	0.03%
	BIO	D	0.01%	0.01%	0.01%
	BK	A	0.11%	0.11%	0.11%
	BKR	C	0.08%	0.07%	0.07%
	BLDR	C	0.04%	0.15%	0.04%
	BMRN	F	0.02%	0.02%	0.02%
	BMY	B	0.22%	0.11%	0.11%
	BR	A	0.05%	0.08%	0.05%
	BRK.A	B	1.59%	0.06%	0.06%
	BRO	B	0.05%	0.04%	0.04%
	BSY	D	0.01%	0.01%	0.01%
	BURL	B	0.03%	0.05%	0.03%
	BX	B	0.24%	0.45%	0.24%
	BXP	D	0.02%	1.35%	0.02%
	C	A	0.24%	0.34%	0.24%
	CARR	C	0.12%	0.42%	0.12%
	CAT	B	0.35%	0.35%	0.35%
	CB	D	0.2%	0.17%	0.17%
	CBOE	B	0.04%	0.04%	0.04%
	CBRE	B	0.07%	0.87%	0.07%
	CCI	D	0.08%	0.06%	0.06%
	CCK	D	0.02%	0.05%	0.02%
	CDNS	B	0.15%	0.12%	0.12%
	CDW	F	0.04%	0.05%	0.04%
	CEG	D	0.13%	0.45%	0.13%
	CFG	B	0.04%	0.06%	0.04%
	CG	B	0.02%	0.05%	0.02%
	CHRD	F	0.01%	0.01%	0.01%
	CHRW	C	0.02%	0.0%	0.0%
	CINF	A	0.04%	0.04%	0.04%
	CME	A	0.15%	0.3%	0.15%
	CMI	A	0.09%	0.1%	0.09%
	CNH	A	0.02%	0.02%	0.02%
	COF	B	0.13%	0.48%	0.13%
	COIN	B	0.1%	0.2%	0.1%
	COP	D	0.24%	0.24%	0.24%
	COST	B	0.76%	0.47%	0.47%
	CPRT	A	0.09%	0.21%	0.09%
	CPT	B	0.02%	0.01%	0.01%
	CRL	C	0.02%	0.01%	0.01%
	CRM	B	0.6%	0.45%	0.45%
	CRWD	B	0.15%	0.12%	0.12%
	CSGP	C	0.06%	0.63%	0.06%
	CSL	B	0.04%	0.14%	0.04%
	CSX	B	0.13%	0.25%	0.13%
	CTAS	B	0.14%	0.34%	0.14%
	CTLT	B	0.02%	0.01%	0.01%
	CTRA	B	0.03%	0.03%	0.03%
	CTSH	B	0.07%	0.01%	0.01%
	CTVA	B	0.07%	0.01%	0.01%
	CVX	B	0.51%	0.5%	0.5%
	DAL	B	0.08%	0.03%	0.03%
	DAY	A	0.02%	0.03%	0.02%
	DD	D	0.06%	0.01%	0.01%
	DDOG	A	0.08%	0.06%	0.06%
	DE	B	0.19%	0.2%	0.19%
	DELL	C	0.07%	0.07%	0.07%
	DFS	B	0.08%	0.29%	0.08%
	DG	F	0.03%	0.02%	0.02%
	DHI	D	0.09%	0.33%	0.09%
	DHR	D	0.29%	0.19%	0.19%
	DINO	F	0.01%	0.02%	0.01%
	DKS	C	0.02%	0.03%	0.02%
	DLR	A	0.1%	0.07%	0.07%
	DLTR	D	0.02%	0.01%	0.01%
	DOC	C	0.03%	0.03%	0.03%
	DOCU	A	0.03%	0.02%	0.02%
	DOV	A	0.05%	0.05%	0.05%
	DOW	F	0.06%	0.01%	0.01%
	DT	C	0.03%	0.03%	0.03%
	DUK	C	0.16%	0.54%	0.16%
	DVN	F	0.05%	0.04%	0.04%
	EBAY	C	0.06%	0.02%	0.02%
	ECL	D	0.12%	0.0%	0.0%
	EFX	D	0.06%	0.08%	0.06%
	EG	C	0.03%	0.03%	0.03%
	EIX	A	0.06%	0.21%	0.06%
	EME	B	0.04%	0.19%	0.04%
	EMR	A	0.14%	0.24%	0.14%
	ENPH	F	0.02%	0.02%	0.02%
	ENTG	D	0.03%	0.03%	0.03%
	EOG	C	0.14%	0.15%	0.14%
	EPAM	C	0.03%	0.01%	0.01%
	EQIX	A	0.16%	0.1%	0.1%
	EQR	B	0.05%	0.01%	0.01%
	EQT	B	0.05%	0.04%	0.04%
	ERIE	D	0.02%	0.02%	0.02%
	ES	D	0.04%	0.14%	0.04%
	ESS	B	0.04%	0.01%	0.01%
	ETN	A	0.27%	0.48%	0.27%
	ETR	B	0.06%	0.2%	0.06%
	EVRG	A	0.03%	0.11%	0.03%
	EXAS	F	0.02%	0.01%	0.01%
	EXC	D	0.07%	0.25%	0.07%
	EXPD	C	0.03%	0.0%	0.0%
	EXR	C	0.06%	0.04%	0.04%
	F	C	0.08%	0.06%	0.06%
	FANG	F	0.06%	0.06%	0.06%
	FAST	B	0.09%	0.4%	0.09%
	FBIN	D	0.02%	0.06%	0.02%
	FCNCA	B	0.05%	0.05%	0.05%
	FCX	F	0.12%	0.12%	0.12%
	FDS	B	0.03%	0.08%	0.03%
	FDX	B	0.12%	0.02%	0.02%
	FE	D	0.04%	0.15%	0.04%
	FI	A	0.22%	0.01%	0.01%
	FICO	B	0.11%	0.08%	0.08%
	FIS	D	0.09%	0.01%	0.01%
	FITB	B	0.06%	0.08%	0.06%
	FNF	B	0.03%	0.0%	0.0%
	FSLR	F	0.04%	0.04%	0.04%
	FTNT	C	0.11%	0.08%	0.08%
	FTV	B	0.05%	0.05%	0.05%
	GD	F	0.14%	0.03%	0.03%
	GDDY	B	0.05%	0.01%	0.01%
	GE	D	0.36%	0.08%	0.08%
	GEN	A	0.03%	0.02%	0.02%
	GEV	C	0.17%	0.31%	0.17%
	GGG	B	0.03%	0.03%	0.03%
	GILD	B	0.21%	0.14%	0.14%
	GLPI	B	0.02%	0.02%	0.02%
	GLW	B	0.07%	0.09%	0.07%
	GM	B	0.12%	0.09%	0.09%
	GOOG	C	1.58%	2.72%	1.58%
	GOOGL	C	1.91%	3.13%	1.91%
	GRMN	A	0.06%	0.22%	0.06%
	GS	B	0.34%	0.64%	0.34%
	GWW	A	0.1%	0.44%	0.1%
	HAL	C	0.05%	0.04%	0.04%
	HBAN	B	0.05%	0.07%	0.05%
	HD	A	0.75%	1.17%	0.75%
	HEI	B	0.05%	0.0%	0.0%
	HEI	B	0.05%	0.01%	0.01%
	HES	C	0.07%	0.07%	0.07%
	HIG	B	0.06%	0.05%	0.05%
	HII	F	0.01%	0.0%	0.0%
	HON	B	0.28%	1.6%	0.28%
	HOOD	B	0.04%	0.06%	0.04%
	HPE	B	0.05%	0.05%	0.05%
	HPQ	B	0.07%	0.06%	0.06%
	HUBB	B	0.04%	0.08%	0.04%
	HUBS	B	0.07%	0.05%	0.05%
	HWM	B	0.09%	0.02%	0.02%
	IBM	C	0.36%	0.06%	0.06%
	ICE	D	0.17%	0.33%	0.17%
	IEX	B	0.03%	0.03%	0.03%
	ILMN	C	0.04%	0.03%	0.03%
	INCY	C	0.02%	0.02%	0.02%
	INTC	C	0.2%	0.22%	0.2%
	INTU	C	0.36%	0.26%	0.26%
	INVH	D	0.04%	0.01%	0.01%
	IP	B	0.04%	0.09%	0.04%
	IQV	F	0.07%	0.05%	0.05%
	IR	A	0.08%	0.08%	0.08%
	IRM	C	0.06%	0.04%	0.04%
	IT	C	0.08%	0.02%	0.02%
	ITW	A	0.14%	0.15%	0.14%
	J	F	0.03%	0.04%	0.03%
	JBHT	C	0.03%	0.06%	0.03%
	JBL	C	0.03%	0.03%	0.03%
	JCI	C	0.11%	0.39%	0.11%
	JNJ	D	0.68%	0.37%	0.37%
	JPM	B	1.27%	1.74%	1.27%
	KEY	A	0.03%	0.05%	0.03%
	KEYS	B	0.05%	0.06%	0.05%
	KKR	B	0.19%	0.31%	0.19%
	KLAC	F	0.16%	0.17%	0.16%
	KMI	B	0.1%	0.1%	0.1%
	KMX	B	0.02%	0.03%	0.02%
	KNX	B	0.02%	0.03%	0.02%
	KR	A	0.07%	0.05%	0.05%
	L	B	0.03%	0.03%	0.03%
	LDOS	D	0.04%	0.05%	0.04%
	LEN	C	0.08%	0.28%	0.08%
	LHX	C	0.09%	0.02%	0.02%
	LII	A	0.04%	0.14%	0.04%
	LIN	D	0.4%	0.03%	0.03%
	LLY	F	1.15%	0.57%	0.57%
	LMT	D	0.21%	0.05%	0.05%
	LNG	B	0.09%	0.09%	0.09%
	LNT	A	0.03%	0.11%	0.03%
	LOW	C	0.29%	0.43%	0.29%
	LPLA	B	0.04%	0.08%	0.04%
	LRCX	F	0.18%	0.19%	0.18%
	LUV	B	0.04%	0.02%	0.02%
	LYB	F	0.04%	0.0%	0.0%
	MA	B	0.8%	0.04%	0.04%
	MAA	B	0.03%	0.01%	0.01%
	MANH	C	0.03%	0.03%	0.03%
	MAS	C	0.03%	0.12%	0.03%
	MCHP	F	0.07%	0.08%	0.07%
	MCO	A	0.14%	0.28%	0.14%
	MDB	C	0.04%	0.01%	0.01%
	MET	A	0.09%	0.08%	0.08%
	META	D	2.34%	3.68%	2.34%
	MKL	A	0.04%	0.04%	0.04%
	MKTX	D	0.02%	0.04%	0.02%
	MLM	B	0.07%	0.57%	0.07%
	MMC	A	0.2%	0.16%	0.16%
	MMM	D	0.13%	0.76%	0.13%
	MO	A	0.18%	0.41%	0.18%
	MPC	F	0.1%	0.1%	0.1%
	MPWR	F	0.05%	0.06%	0.05%
	MRK	F	0.46%	0.24%	0.24%
	MRNA	F	0.02%	0.02%	0.02%
	MRO	B	0.03%	0.03%	0.03%
	MRVL	B	0.15%	0.16%	0.15%
	MS	B	0.31%	0.55%	0.31%
	MSCI	C	0.09%	0.16%	0.09%
	MSFT	D	5.88%	4.24%	4.24%
	MSTR	C	0.11%	0.1%	0.1%
	MTB	B	0.07%	0.09%	0.07%
	MTCH	F	0.01%	0.02%	0.01%
	MTD	F	0.05%	0.03%	0.03%
	MU	D	0.2%	0.23%	0.2%
	NBIX	C	0.02%	0.02%	0.02%
	NDAQ	A	0.06%	0.14%	0.06%
	NDSN	B	0.03%	0.03%	0.03%
	NEE	D	0.29%	0.97%	0.29%
	NEM	F	0.09%	0.11%	0.09%
	NET	B	0.05%	0.01%	0.01%
	NOC	D	0.13%	0.03%	0.03%
	NOW	B	0.4%	0.3%	0.3%
	NRG	C	0.04%	0.12%	0.04%
	NSC	A	0.11%	0.22%	0.11%
	NTAP	C	0.05%	0.04%	0.04%
	NTRS	A	0.04%	0.1%	0.04%
	NUE	D	0.06%	0.01%	0.01%
	NVDA	C	6.69%	7.62%	6.69%
	NVR	D	0.05%	0.21%	0.05%
	NXPI	D	0.11%	0.12%	0.11%
	OC	B	0.03%	0.12%	0.03%
	ODFL	B	0.08%	0.16%	0.08%
	OKE	C	0.12%	0.12%	0.12%
	ON	C	0.05%	0.06%	0.05%
	ORCL	C	0.55%	0.45%	0.45%
	ORLY	B	0.13%	0.21%	0.13%
	OTIS	C	0.07%	0.08%	0.07%
	OVV	C	0.02%	0.02%	0.02%
	OXY	F	0.06%	0.06%	0.06%
	PANW	C	0.24%	0.18%	0.18%
	PAYC	A	0.02%	0.03%	0.02%
	PAYX	B	0.09%	0.11%	0.09%
	PCAR	B	0.11%	0.11%	0.11%
	PCG	B	0.08%	0.26%	0.08%
	PFE	D	0.27%	0.14%	0.14%
	PFG	C	0.03%	0.04%	0.03%
	PGR	A	0.28%	0.23%	0.23%
	PH	A	0.17%	0.17%	0.17%
	PHM	C	0.05%	0.18%	0.05%
	PINS	F	0.03%	0.05%	0.03%
	PKG	B	0.04%	0.1%	0.04%
	PLTR	B	0.22%	0.18%	0.18%
	PM	B	0.37%	0.87%	0.37%
	PNC	A	0.15%	0.21%	0.15%
	PNR	B	0.03%	0.04%	0.03%
	PPL	B	0.05%	0.05%	0.05%
	PRU	A	0.08%	0.07%	0.07%
	PSA	C	0.1%	0.07%	0.07%
	PSTG	D	0.03%	0.03%	0.03%
	PSX	C	0.1%	0.1%	0.1%
	PTC	A	0.04%	0.04%	0.04%
	PWR	A	0.09%	0.37%	0.09%
	PYPL	A	0.16%	0.01%	0.01%
	QCOM	F	0.34%	0.39%	0.34%
	QRVO	F	0.01%	0.01%	0.01%
	REGN	F	0.15%	0.11%	0.11%
	RF	B	0.04%	0.07%	0.04%
	RIVN	D	0.01%	0.01%	0.01%
	RJF	A	0.06%	0.13%	0.06%
	ROK	B	0.06%	0.1%	0.06%
	ROL	B	0.03%	0.06%	0.03%
	ROP	B	0.11%	0.09%	0.09%
	ROST	C	0.09%	0.14%	0.09%
	RPRX	D	0.02%	0.01%	0.01%
	RS	B	0.03%	0.01%	0.01%
	RSG	A	0.08%	0.2%	0.08%
	RTX	D	0.29%	0.06%	0.06%
	RVTY	D	0.03%	0.02%	0.02%
	SBAC	D	0.04%	0.03%	0.03%
	SCHW	A	0.22%	0.41%	0.22%
	SEIC	A	0.01%	0.02%	0.01%
	SHW	A	0.17%	0.01%	0.01%
	SLB	C	0.11%	0.09%	0.09%
	SMCI	D	0.02%	0.03%	0.02%
	SNA	A	0.04%	0.04%	0.04%
	SNAP	C	0.02%	0.03%	0.02%
	SNOW	C	0.08%	0.01%	0.01%
	SNPS	B	0.16%	0.12%	0.12%
	SO	D	0.18%	0.6%	0.18%
	SPGI	C	0.3%	0.55%	0.3%
	SSNC	A	0.03%	0.03%	0.03%
	STLD	B	0.04%	0.01%	0.01%
	STT	A	0.05%	0.05%	0.05%
	STX	D	0.04%	0.03%	0.03%
	SUI	D	0.03%	0.01%	0.01%
	SW	B	0.05%	0.13%	0.05%
	SWK	D	0.02%	0.03%	0.02%
	SWKS	F	0.02%	0.03%	0.02%
	SYF	A	0.05%	0.18%	0.05%
	SYY	C	0.07%	0.04%	0.04%
	TDG	D	0.13%	0.03%	0.03%
	TDY	B	0.04%	0.04%	0.04%
	TEAM	B	0.07%	0.06%	0.06%
	TECH	C	0.02%	0.01%	0.01%
	TER	F	0.03%	0.03%	0.03%
	TFC	B	0.11%	0.17%	0.11%
	TGT	F	0.13%	0.08%	0.08%
	TJX	A	0.25%	0.39%	0.25%
	TMO	F	0.38%	0.24%	0.24%
	TMUS	A	0.22%	4.56%	0.22%
	TPL	B	0.05%	0.05%	0.05%
	TRGP	B	0.08%	0.08%	0.08%
	TRMB	B	0.03%	0.04%	0.03%
	TROW	A	0.05%	0.05%	0.05%
	TRU	D	0.04%	0.04%	0.04%
	TRV	B	0.11%	0.09%	0.09%
	TSCO	C	0.06%	0.09%	0.06%
	TSLA	B	1.6%	1.32%	1.32%
	TT	B	0.17%	0.65%	0.17%
	TTC	D	0.02%	0.02%	0.02%
	TW	B	0.03%	0.06%	0.03%
	TWLO	B	0.03%	0.01%	0.01%
	TXN	D	0.35%	0.39%	0.35%
	TXT	D	0.03%	0.01%	0.01%
	TYL	A	0.05%	0.04%	0.04%
	UBER	D	0.28%	0.49%	0.28%
	UHAL	D	0.01%	0.02%	0.01%
	ULTA	F	0.03%	0.05%	0.03%
	UNH	B	1.01%	0.01%	0.01%
	UNP	C	0.27%	0.54%	0.27%
	UPS	C	0.18%	0.04%	0.04%
	URI	B	0.1%	0.47%	0.1%
	USB	A	0.15%	0.2%	0.15%
	UTHR	C	0.03%	0.02%	0.02%
	V	A	0.95%	0.04%	0.04%
	VICI	C	0.06%	0.05%	0.05%
	VLO	C	0.08%	0.08%	0.08%
	VLTO	C	0.05%	0.11%	0.05%
	VMC	B	0.07%	0.59%	0.07%
	VRSK	A	0.08%	0.09%	0.08%
	VRSN	F	0.03%	0.01%	0.01%
	VRT	B	0.08%	0.16%	0.08%
	VRTX	D	0.23%	0.15%	0.15%
	VST	B	0.09%	0.19%	0.09%
	VTR	D	0.05%	0.06%	0.05%
	VTRS	B	0.03%	0.01%	0.01%
	WAB	B	0.06%	0.07%	0.06%
	WAT	B	0.04%	0.03%	0.03%
	WBA	D	0.01%	0.0%	0.0%
	WDAY	C	0.11%	0.08%	0.08%
	WDC	C	0.04%	0.04%	0.04%
	WELL	C	0.14%	0.18%	0.14%
	WFC	A	0.46%	0.64%	0.46%
	WM	A	0.15%	0.37%	0.15%
	WMB	B	0.13%	0.13%	0.13%
	WMT	B	0.68%	0.45%	0.45%
	WRB	A	0.03%	0.03%	0.03%
	WSM	B	0.03%	0.05%	0.03%
	WSO	A	0.03%	0.16%	0.03%
	WST	C	0.05%	0.03%	0.03%
	WTW	B	0.06%	0.05%	0.05%
	WY	D	0.04%	0.03%	0.03%
	XEL	A	0.07%	0.24%	0.07%
	XOM	C	0.99%	0.95%	0.95%
	XYL	D	0.05%	0.06%	0.05%
	Z	B	0.03%	0.25%	0.03%
	ZBRA	A	0.04%	0.04%	0.04%
	ZM	B	0.04%	0.03%	0.03%
	ZS	C	0.04%	0.03%	0.03%
	ZTS	D	0.15%	0.08%	0.08%

SCHX Overweight 310 Positions Relative to INRO

	Symbol	Grade	Weight
	PG	A	0.73%
	NFLX	B	0.67%
	KO	D	0.45%
	CSCO	A	0.43%
	PEP	F	0.42%
	MCD	D	0.4%
	DIS	B	0.37%
	ABT	B	0.37%
	ISRG	C	0.35%
	VZ	B	0.32%
	BKNG	B	0.31%
	CMCSA	C	0.31%
	T	A	0.3%
	BLK	C	0.27%
	BSX	C	0.24%
	SYK	C	0.24%
	SBUX	B	0.21%
	PLD	D	0.2%
	MDT	D	0.2%
	ANET	C	0.18%
	CI	D	0.17%
	NKE	F	0.17%
	ELV	F	0.17%
	MDLZ	F	0.16%
	MCK	C	0.15%
	CMG	B	0.15%
	MSI	C	0.15%
	CL	D	0.14%
	CVS	D	0.13%
	HCA	F	0.12%
	BDX	F	0.12%
	MAR	A	0.12%
	SRE	A	0.11%
	DASH	A	0.11%
	ABNB	C	0.11%
	HLT	A	0.11%
	SPG	C	0.1%
	RCL	B	0.1%
	TTD	B	0.1%
	SQ	B	0.09%
	D	C	0.09%
	FLUT	A	0.09%
	O	D	0.09%
	COR	C	0.08%
	PEG	A	0.08%
	KMB	C	0.08%
	KVUE	A	0.08%
	GIS	D	0.07%
	KDP	D	0.07%
	LULU	C	0.07%
	GEHC	F	0.07%
	STZ	D	0.07%
	CHTR	C	0.07%
	YUM	B	0.07%
	MNST	B	0.07%
	EA	C	0.07%
	EW	C	0.07%
	DXCM	C	0.06%
	UAL	B	0.06%
	WEC	A	0.06%
	CNC	F	0.06%
	ED	D	0.06%
	HUM	C	0.06%
	RMD	C	0.06%
	VEEV	B	0.06%
	IDXX	F	0.06%
	CCL	B	0.05%
	DTE	C	0.05%
	ADM	F	0.05%
	CPAY	A	0.05%
	AWK	D	0.05%
	CHD	B	0.05%
	HSY	F	0.05%
	DECK	A	0.05%
	CVNA	B	0.05%
	RBLX	C	0.05%
	KHC	D	0.05%
	PPG	D	0.05%
	GPN	C	0.05%
	CAH	B	0.05%
	TTWO	B	0.05%
	IBKR	B	0.04%
	CNP	A	0.04%
	DKNG	C	0.04%
	DRI	B	0.04%
	LH	B	0.04%
	CMS	C	0.04%
	LYV	A	0.04%
	CLX	C	0.04%
	OMC	C	0.04%
	K	A	0.04%
	STE	F	0.04%
	WBD	C	0.04%
	ZBH	C	0.04%
	EXPE	B	0.04%
	IFF	D	0.04%
	AEE	A	0.04%
	CW	B	0.03%
	POOL	C	0.03%
	FFIV	A	0.03%
	SFM	B	0.03%
	APTV	F	0.03%
	SOFI	B	0.03%
	EWBC	B	0.03%
	SAIA	C	0.03%
	NWSA	B	0.03%
	FLEX	B	0.03%
	CASY	B	0.03%
	EL	F	0.03%
	RGA	A	0.03%
	DPZ	C	0.03%
	EQH	B	0.03%
	COHR	C	0.03%
	ALGN	D	0.03%
	CF	B	0.03%
	FIX	A	0.03%
	THC	D	0.03%
	TOL	A	0.03%
	GWRE	B	0.03%
	USFD	A	0.03%
	NI	A	0.03%
	BAX	F	0.03%
	TOST	B	0.03%
	FOXA	C	0.03%
	KIM	A	0.03%
	RBA	B	0.03%
	LVS	C	0.03%
	GPC	D	0.03%
	XPO	B	0.03%
	NTNX	B	0.03%
	RPM	A	0.03%
	DGX	B	0.03%
	MOH	F	0.03%
	HOLX	D	0.03%
	PODD	B	0.03%
	TSN	B	0.03%
	NTRA	B	0.03%
	MKC	D	0.03%
	RRC	B	0.02%
	ONTO	F	0.02%
	LNW	D	0.02%
	MOS	F	0.02%
	EGP	D	0.02%
	CRBG	B	0.02%
	HAS	D	0.02%
	HSIC	B	0.02%
	CBSH	B	0.02%
	CZR	D	0.02%
	OGE	A	0.02%
	CHE	D	0.02%
	MEDP	F	0.02%
	FRT	A	0.02%
	CPB	D	0.02%
	MGM	F	0.02%
	APG	B	0.02%
	HRL	D	0.02%
	ZION	B	0.02%
	WYNN	D	0.02%
	PCTY	B	0.02%
	SNX	C	0.02%
	ORI	A	0.02%
	CFR	B	0.02%
	AR	B	0.02%
	TFX	F	0.02%
	AXTA	A	0.02%
	RGLD	D	0.02%
	DCI	A	0.02%
	PEN	C	0.02%
	REXR	F	0.02%
	MORN	A	0.02%
	WMS	F	0.02%
	ROKU	D	0.02%
	AAL	B	0.02%
	WCC	B	0.02%
	CMA	A	0.02%
	SOLV	C	0.02%
	PR	C	0.02%
	WTRG	B	0.02%
	WING	F	0.02%
	TPX	A	0.02%
	GL	C	0.02%
	MUSA	B	0.02%
	LAD	B	0.02%
	WAL	B	0.02%
	CIEN	B	0.02%
	LKQ	D	0.02%
	EHC	B	0.02%
	ARMK	A	0.02%
	OHI	D	0.02%
	AYI	B	0.02%
	WBS	B	0.02%
	PNW	B	0.02%
	CHDN	B	0.02%
	SRPT	F	0.02%
	WWD	B	0.02%
	KNSL	B	0.02%
	AA	A	0.02%
	GME	C	0.02%
	CUBE	D	0.02%
	FHN	B	0.02%
	BLD	C	0.02%
	TTEK	F	0.02%
	TAP	C	0.02%
	IPG	C	0.02%
	CACI	D	0.02%
	FND	C	0.02%
	LAMR	C	0.02%
	GNRC	B	0.02%
	BJ	B	0.02%
	ATR	B	0.02%
	LW	C	0.02%
	LBRDK	C	0.02%
	RRX	A	0.02%
	LECO	C	0.02%
	EMN	D	0.02%
	OWL	B	0.02%
	AMH	C	0.02%
	NCLH	B	0.02%
	SJM	D	0.02%
	JEF	A	0.02%
	UHS	D	0.02%
	ALB	C	0.02%
	REG	B	0.02%
	WPC	D	0.02%
	INSM	C	0.02%
	FTI	A	0.02%
	HST	C	0.02%
	SCI	A	0.02%
	OKTA	C	0.02%
	UNM	A	0.02%
	NVT	B	0.02%
	BG	F	0.02%
	JLL	B	0.02%
	ITT	A	0.02%
	JNPR	F	0.02%
	JKHY	D	0.02%
	CLH	B	0.02%
	CAG	D	0.02%
	TXRH	A	0.02%
	TPR	A	0.02%
	UDR	B	0.02%
	PFGC	A	0.02%
	ELS	C	0.02%
	RNR	C	0.02%
	AKAM	F	0.02%
	COTY	F	0.01%
	PAG	B	0.01%
	WLK	D	0.01%
	CELH	F	0.01%
	PSN	D	0.01%
	ST	F	0.01%
	POST	B	0.01%
	ROIV	B	0.01%
	LEA	F	0.01%
	U	C	0.01%
	CLF	F	0.01%
	PATH	C	0.01%
	COLD	F	0.01%
	AGCO	D	0.01%
	BRKR	F	0.01%
	ETSY	D	0.01%
	SIRI	C	0.01%
	ARW	D	0.01%
	STWD	C	0.01%
	NOV	C	0.01%
	WSC	D	0.01%
	DAR	C	0.01%
	VFC	C	0.01%
	MTN	C	0.01%
	ELAN	F	0.01%
	FMC	D	0.01%
	CGNX	C	0.01%
	PARA	C	0.01%
	LSCC	D	0.01%
	GNTX	C	0.01%
	MASI	A	0.01%
	DVA	B	0.01%
	COKE	C	0.01%
	ALV	C	0.01%
	G	B	0.01%
	OLED	F	0.01%
	MHK	D	0.01%
	RGEN	D	0.01%
	AGNC	D	0.01%
	MIDD	B	0.01%
	WEX	F	0.01%
	BERY	B	0.01%
	ESTC	C	0.01%
	PCOR	B	0.01%
	JAZZ	B	0.01%
	NNN	D	0.01%
	WH	A	0.01%
	TREX	C	0.01%
	BWA	C	0.01%
	RHI	C	0.01%
	TKO	B	0.01%
	IVZ	B	0.01%
	VOYA	B	0.01%
	KBR	F	0.01%
	CE	F	0.01%
	CNM	D	0.01%
	CNA	B	0.0%
	REYN	D	0.0%
	UI	A	0.0%
	PPC	C	0.0%
	RCM	F	0.0%
	LCID	F	0.0%
	AGR	B	0.0%
	BOKF	B	0.0%
	ADTN	B	0.0%

SCHX Underweight 3 Positions Relative to INRO

	Symbol	Grade	Weight
	WCN	A	-0.21%
	MELI	C	-0.07%
	IOT	B	-0.02%

SCHX: Top Represented Industries & Keywords

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

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

INRO: Top Represented Industries & Keywords

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

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