SSPY vs. INRO ETF Comparison

Comparison of Syntax Stratified LargeCap ETF (SSPY) to BlackRock U.S. Industry Rotation ETF (INRO)
SSPY

Syntax Stratified LargeCap ETF

SSPY Description

The investment seeks to provide investment results that, before expenses, correspond generally to the total return performance of publicly traded equity securities of companies in the Syntax Stratified LargeCap Index (the "index"). Under normal market conditions, the fund generally invests substantially all, and at least 95% of its total assets in the securities comprising the index. The index, which was created by Syntax, LLC, an affiliate of the fund's investment adviser, is the stratified-weight version of the widely used S&P 500® Index and holds the same constituents as the S&P 500.

Grade (RS Rating)

Last Trade

$81.25

Average Daily Volume

2,386

Number of Holdings *

500

* 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

$28.27

Average Daily Volume

3,544

Number of Holdings *

423

* may have additional holdings in another (foreign) market
Performance
Period SSPY INRO
30 Days 2.71% 2.86%
60 Days 2.03% 5.93%
90 Days 2.72% 6.63%
12 Months 22.62%
343 Overlapping Holdings
Symbol Grade Weight in SSPY Weight in INRO Overlap
A D 0.15% 0.05% 0.05%
AAPL C 0.5% 5.57% 0.5%
ABBV F 0.24% 0.4% 0.24%
ACGL C 0.14% 0.06% 0.06%
ACN B 0.13% 0.07% 0.07%
ADBE C 0.16% 0.32% 0.16%
ADI D 0.22% 0.23% 0.22%
ADP A 0.21% 0.29% 0.21%
ADSK A 0.17% 0.1% 0.1%
AEP C 0.24% 0.31% 0.24%
AES F 0.32% 0.03% 0.03%
AFL B 0.2% 0.09% 0.09%
AIG B 0.2% 0.08% 0.08%
AIZ A 0.2% 0.02% 0.02%
AJG A 0.03% 0.09% 0.03%
ALL A 0.2% 0.08% 0.08%
ALLE C 0.08% 0.09% 0.08%
AMAT F 0.18% 0.32% 0.18%
AMCR C 0.13% 0.07% 0.07%
AMD F 0.14% 0.49% 0.14%
AME A 0.13% 0.14% 0.13%
AMGN F 0.24% 0.22% 0.22%
AMP A 0.08% 0.17% 0.08%
AMT C 0.06% 0.11% 0.06%
AMZN C 0.22% 1.46% 0.22%
ANSS B 0.17% 0.05% 0.05%
AON A 0.04% 0.11% 0.04%
AOS F 0.21% 0.06% 0.06%
APA D 0.07% 0.01% 0.01%
APD A 0.05% 0.01% 0.01%
APH A 0.19% 0.19% 0.19%
ARE F 0.11% 0.04% 0.04%
ATO A 0.33% 0.05% 0.05%
AVB B 0.1% 0.01% 0.01%
AVGO D 0.23% 1.64% 0.23%
AVY F 0.06% 0.07% 0.06%
AXON A 0.09% 0.02% 0.02%
AXP A 0.04% 1.14% 0.04%
AZO C 0.14% 0.15% 0.14%
BA F 0.16% 0.04% 0.04%
BAC A 0.12% 0.79% 0.12%
BALL F 0.13% 0.08% 0.08%
BBWI C 0.19% 0.02% 0.02%
BBY D 0.17% 0.05% 0.05%
BEN C 0.09% 0.03% 0.03%
BIIB F 0.24% 0.03% 0.03%
BK A 0.11% 0.11% 0.11%
BKR A 0.35% 0.07% 0.07%
BLDR D 0.19% 0.15% 0.15%
BMY B 0.25% 0.12% 0.12%
BR A 0.11% 0.07% 0.07%
BRK.A B 0.5% 0.06% 0.06%
BRO B 0.04% 0.04% 0.04%
BX A 0.08% 0.42% 0.08%
BXP C 0.11% 1.38% 0.11%
C A 0.13% 0.34% 0.13%
CARR C 0.08% 0.42% 0.08%
CAT B 0.14% 0.36% 0.14%
CB C 0.14% 0.16% 0.14%
CBOE C 0.04% 0.04% 0.04%
CBRE B 0.04% 0.88% 0.04%
CCI C 0.06% 0.05% 0.05%
CDNS B 0.33% 0.12% 0.12%
CDW F 0.13% 0.06% 0.06%
CEG C 0.38% 0.45% 0.38%
CFG B 0.06% 0.05% 0.05%
CINF A 0.14% 0.04% 0.04%
CME B 0.04% 0.26% 0.04%
CMI A 0.08% 0.09% 0.08%
COF C 0.7% 0.49% 0.49%
COP C 0.07% 0.23% 0.07%
COST A 0.71% 0.46% 0.46%
CPRT B 0.23% 0.21% 0.21%
CPT B 0.11% 0.0% 0.0%
CRL D 0.14% 0.02% 0.02%
CRM B 0.35% 0.47% 0.35%
CRWD B 0.18% 0.11% 0.11%
CSGP D 0.04% 0.65% 0.04%
CSX C 0.08% 0.26% 0.08%
CTAS B 0.18% 0.34% 0.18%
CTLT C 0.25% 0.01% 0.01%
CTRA B 0.17% 0.03% 0.03%
CTSH B 0.13% 0.02% 0.02%
CVX A 0.76% 0.48% 0.48%
DAL B 0.28% 0.03% 0.03%
DAY B 0.22% 0.03% 0.03%
DE B 0.13% 0.2% 0.13%
DELL B 0.17% 0.07% 0.07%
DFS B 0.69% 0.31% 0.31%
DG F 0.17% 0.01% 0.01%
DHI F 0.24% 0.33% 0.24%
DHR F 0.1% 0.2% 0.1%
DLR B 0.26% 0.07% 0.07%
DLTR F 0.17% 0.01% 0.01%
DOC C 0.11% 0.03% 0.03%
DOV A 0.17% 0.06% 0.06%
DUK C 0.07% 0.53% 0.07%
DVN F 0.16% 0.04% 0.04%
EBAY D 0.22% 0.02% 0.02%
EFX F 0.04% 0.08% 0.04%
EG C 0.14% 0.03% 0.03%
EIX B 0.25% 0.2% 0.2%
EMR B 0.03% 0.24% 0.03%
ENPH F 0.26% 0.02% 0.02%
EOG A 0.07% 0.14% 0.07%
EPAM B 0.13% 0.01% 0.01%
EQIX A 0.27% 0.1% 0.1%
EQR C 0.1% 0.01% 0.01%
EQT B 0.18% 0.04% 0.04%
ERIE D 0.2% 0.02% 0.02%
ES C 0.07% 0.13% 0.07%
ESS B 0.1% 0.01% 0.01%
ETN A 0.26% 0.48% 0.26%
ETR B 0.25% 0.2% 0.2%
EVRG A 0.08% 0.1% 0.08%
EXC C 0.3% 0.24% 0.24%
EXPD C 0.09% 0.0% 0.0%
EXR C 0.11% 0.04% 0.04%
F C 0.25% 0.06% 0.06%
FANG C 0.07% 0.06% 0.06%
FAST B 0.13% 0.41% 0.13%
FCX F 0.3% 0.11% 0.11%
FDS B 0.04% 0.07% 0.04%
FDX B 0.07% 0.02% 0.02%
FE C 0.24% 0.15% 0.15%
FI A 0.06% 0.01% 0.01%
FICO B 0.05% 0.08% 0.05%
FIS C 0.05% 0.01% 0.01%
FITB B 0.06% 0.08% 0.06%
FSLR F 0.2% 0.04% 0.04%
FTNT C 0.17% 0.09% 0.09%
FTV C 0.03% 0.05% 0.03%
GD D 0.16% 0.03% 0.03%
GDDY A 0.27% 0.01% 0.01%
GE D 0.17% 0.08% 0.08%
GEN B 0.17% 0.03% 0.03%
GEV B 0.18% 0.31% 0.18%
GILD C 0.25% 0.16% 0.16%
GLW B 0.19% 0.09% 0.09%
GM C 0.25% 0.09% 0.09%
GOOG C 0.23% 2.71% 0.23%
GOOGL C 0.23% 3.12% 0.23%
GRMN B 0.33% 0.22% 0.22%
GS A 0.25% 0.62% 0.25%
GWW B 0.12% 0.46% 0.12%
HAL C 0.34% 0.04% 0.04%
HBAN A 0.06% 0.07% 0.06%
HD B 0.26% 1.16% 0.26%
HES B 0.07% 0.07% 0.07%
HIG B 0.14% 0.05% 0.05%
HII F 0.08% 0.0% 0.0%
HON C 0.17% 1.56% 0.17%
HPE B 0.19% 0.05% 0.05%
HPQ B 0.35% 0.06% 0.06%
HUBB B 0.26% 0.08% 0.08%
HWM A 0.08% 0.02% 0.02%
IBM C 0.34% 0.06% 0.06%
ICE C 0.04% 0.29% 0.04%
IEX C 0.2% 0.03% 0.03%
INCY C 0.25% 0.02% 0.02%
INTC C 0.16% 0.22% 0.16%
INTU B 0.2% 0.28% 0.2%
INVH D 0.1% 0.01% 0.01%
IP A 0.06% 0.09% 0.06%
IQV F 0.14% 0.05% 0.05%
IR B 0.2% 0.08% 0.08%
IRM C 0.06% 0.04% 0.04%
IT C 0.13% 0.02% 0.02%
ITW B 0.17% 0.15% 0.15%
J D 0.4% 0.04% 0.04%
JBHT C 0.08% 0.06% 0.06%
JBL C 0.38% 0.03% 0.03%
JCI B 0.08% 0.4% 0.08%
JNJ C 0.24% 0.36% 0.24%
JPM A 0.13% 1.68% 0.13%
KEY B 0.06% 0.05% 0.05%
KEYS A 0.21% 0.06% 0.06%
KKR A 0.09% 0.31% 0.09%
KLAC F 0.17% 0.18% 0.17%
KMI A 0.25% 0.1% 0.1%
KMX B 0.14% 0.04% 0.04%
KR B 0.74% 0.05% 0.05%
L A 0.49% 0.03% 0.03%
LDOS C 0.13% 0.06% 0.06%
LEN D 0.25% 0.28% 0.25%
LHX C 0.08% 0.02% 0.02%
LIN C 0.04% 0.02% 0.02%
LLY F 0.23% 0.64% 0.23%
LMT D 0.09% 0.05% 0.05%
LNT A 0.08% 0.1% 0.08%
LOW C 0.26% 0.45% 0.26%
LUV C 0.25% 0.01% 0.01%
MA B 0.04% 0.04% 0.04%
MAA B 0.1% 0.01% 0.01%
MAS D 0.19% 0.12% 0.12%
MCHP F 0.14% 0.08% 0.08%
MCO B 0.04% 0.26% 0.04%
MET A 0.21% 0.08% 0.08%
META D 0.47% 3.77% 0.47%
MKTX D 0.04% 0.03% 0.03%
MLM C 0.17% 0.59% 0.17%
MMC B 0.04% 0.16% 0.04%
MMM D 0.17% 0.78% 0.17%
MO A 0.35% 0.39% 0.35%
MPC D 0.49% 0.1% 0.1%
MPWR F 0.22% 0.06% 0.06%
MRK D 0.24% 0.24% 0.24%
MRNA F 0.24% 0.02% 0.02%
MRO B 0.07% 0.03% 0.03%
MS A 0.26% 0.52% 0.26%
MSCI C 0.04% 0.15% 0.04%
MSFT D 0.32% 4.18% 0.32%
MTB A 0.06% 0.09% 0.06%
MTCH D 0.47% 0.02% 0.02%
MTD F 0.15% 0.04% 0.04%
MU D 0.15% 0.25% 0.15%
NDAQ A 0.04% 0.12% 0.04%
NDSN B 0.03% 0.03% 0.03%
NEE C 0.24% 0.94% 0.24%
NEM D 0.25% 0.11% 0.11%
NOC D 0.09% 0.03% 0.03%
NOW A 0.22% 0.3% 0.22%
NRG B 0.33% 0.12% 0.12%
NSC B 0.08% 0.23% 0.08%
NTAP C 0.17% 0.04% 0.04%
NTRS A 0.08% 0.08% 0.08%
NUE C 0.26% 0.01% 0.01%
NVDA B 0.13% 7.42% 0.13%
NVR D 0.26% 0.22% 0.22%
NXPI D 0.23% 0.12% 0.12%
ODFL C 0.08% 0.17% 0.08%
OKE A 0.24% 0.11% 0.11%
ON D 0.23% 0.06% 0.06%
ORCL A 0.34% 0.44% 0.34%
ORLY B 0.14% 0.21% 0.14%
OTIS C 0.08% 0.08% 0.08%
OXY D 0.07% 0.06% 0.06%
PANW B 0.16% 0.18% 0.16%
PAYC B 0.22% 0.03% 0.03%
PAYX B 0.21% 0.11% 0.11%
PCAR B 0.13% 0.11% 0.11%
PCG A 0.08% 0.26% 0.08%
PFE F 0.24% 0.14% 0.14%
PFG D 0.21% 0.04% 0.04%
PGR A 0.19% 0.23% 0.19%
PH A 0.08% 0.17% 0.08%
PHM D 0.25% 0.19% 0.19%
PKG A 0.06% 0.1% 0.06%
PLTR B 0.23% 0.17% 0.17%
PM B 0.35% 0.83% 0.35%
PNC B 0.06% 0.2% 0.06%
PNR A 0.19% 0.04% 0.04%
PPL A 0.08% 0.05% 0.05%
PRU A 0.2% 0.07% 0.07%
PSA C 0.11% 0.07% 0.07%
PSX C 0.51% 0.1% 0.1%
PTC B 0.17% 0.04% 0.04%
PWR A 0.4% 0.37% 0.37%
PYPL B 0.06% 0.01% 0.01%
QCOM F 0.22% 0.39% 0.22%
QRVO F 0.21% 0.01% 0.01%
REGN F 0.22% 0.12% 0.12%
RF A 0.06% 0.07% 0.06%
RJF A 0.25% 0.11% 0.11%
ROK C 0.03% 0.1% 0.03%
ROL B 0.18% 0.06% 0.06%
ROP B 0.03% 0.09% 0.03%
ROST D 0.72% 0.14% 0.14%
RSG A 0.18% 0.2% 0.18%
RTX D 0.08% 0.07% 0.07%
RVTY F 0.1% 0.02% 0.02%
SBAC D 0.06% 0.03% 0.03%
SCHW B 0.25% 0.37% 0.25%
SHW B 0.06% 0.01% 0.01%
SLB C 0.35% 0.09% 0.09%
SMCI F 0.15% 0.02% 0.02%
SNA A 0.25% 0.04% 0.04%
SNPS B 0.34% 0.12% 0.12%
SO C 0.08% 0.59% 0.08%
SPGI C 0.04% 0.52% 0.04%
STLD B 0.27% 0.01% 0.01%
STT B 0.12% 0.05% 0.05%
STX C 0.17% 0.04% 0.04%
SW A 0.07% 0.12% 0.07%
SWK D 0.27% 0.03% 0.03%
SWKS F 0.21% 0.03% 0.03%
SYF B 0.69% 0.18% 0.18%
SYY D 0.75% 0.04% 0.04%
TDG D 0.08% 0.03% 0.03%
TDY B 0.03% 0.05% 0.03%
TECH F 0.15% 0.02% 0.02%
TER F 0.17% 0.03% 0.03%
TFC A 0.06% 0.15% 0.06%
TGT F 0.17% 0.08% 0.08%
TJX A 0.72% 0.38% 0.38%
TMO F 0.14% 0.26% 0.14%
TMUS B 0.33% 4.59% 0.33%
TRGP A 0.24% 0.07% 0.07%
TRMB B 0.03% 0.04% 0.03%
TROW B 0.09% 0.05% 0.05%
TRV B 0.14% 0.09% 0.09%
TSCO D 0.12% 0.09% 0.09%
TSLA B 0.28% 1.32% 0.28%
TT A 0.07% 0.65% 0.07%
TXN C 0.23% 0.41% 0.23%
TXT D 0.16% 0.01% 0.01%
TYL B 0.22% 0.04% 0.04%
UBER F 0.11% 0.5% 0.11%
ULTA F 0.17% 0.05% 0.05%
UNH B 0.26% 0.01% 0.01%
UNP C 0.08% 0.55% 0.08%
UPS C 0.09% 0.03% 0.03%
URI C 0.14% 0.5% 0.14%
USB A 0.06% 0.2% 0.06%
V A 0.04% 0.04% 0.04%
VICI C 0.06% 0.05% 0.05%
VLO C 0.5% 0.08% 0.08%
VLTO C 0.03% 0.11% 0.03%
VMC B 0.17% 0.61% 0.17%
VRSK A 0.04% 0.09% 0.04%
VRSN C 0.27% 0.01% 0.01%
VRTX D 0.23% 0.17% 0.17%
VST A 0.41% 0.17% 0.17%
VTR B 0.11% 0.06% 0.06%
VTRS A 0.24% 0.01% 0.01%
WAB B 0.13% 0.07% 0.07%
WAT C 0.15% 0.03% 0.03%
WBA F 0.64% 0.01% 0.01%
WDC D 0.17% 0.04% 0.04%
WELL A 0.11% 0.18% 0.11%
WFC A 0.13% 0.62% 0.13%
WM B 0.18% 0.37% 0.18%
WMB A 0.25% 0.12% 0.12%
WMT A 0.73% 0.41% 0.41%
WRB A 0.14% 0.03% 0.03%
WST C 0.05% 0.03% 0.03%
WTW B 0.03% 0.05% 0.03%
WY F 0.17% 0.03% 0.03%
XEL A 0.08% 0.23% 0.08%
XOM B 0.77% 0.95% 0.77%
XYL D 0.19% 0.06% 0.06%
ZBRA B 0.13% 0.04% 0.04%
ZTS D 0.25% 0.08% 0.08%
SSPY Overweight 157 Positions Relative to INRO
Symbol Grade Weight
CVS D 0.69%
CMCSA B 0.52%
DPZ C 0.52%
DRI B 0.51%
YUM D 0.51%
EL F 0.5%
CMG B 0.5%
MCD D 0.5%
EA A 0.49%
TTWO A 0.49%
MSI B 0.49%
SBUX A 0.48%
CHTR C 0.47%
KMB C 0.42%
KVUE A 0.42%
PG C 0.42%
BWA D 0.42%
CHD A 0.42%
CL D 0.41%
CLX A 0.41%
APTV F 0.4%
ADM D 0.37%
BG D 0.37%
TSN B 0.36%
HRL D 0.36%
IPG D 0.34%
OMC C 0.34%
TPR B 0.33%
NI A 0.33%
VZ C 0.33%
T A 0.33%
HCA F 0.33%
NKE F 0.33%
AWK C 0.32%
UHS D 0.32%
RL C 0.32%
LULU C 0.31%
DECK A 0.3%
UAL A 0.28%
AKAM D 0.27%
CNP A 0.26%
PEG A 0.26%
HAS D 0.26%
CNC D 0.26%
HUM C 0.26%
KO D 0.25%
DTE C 0.25%
MOH F 0.25%
STZ D 0.25%
MNST C 0.25%
TAP C 0.25%
D C 0.24%
ED C 0.24%
KDP F 0.24%
ELV F 0.24%
NFLX A 0.22%
LW C 0.22%
FFIV B 0.21%
ANET C 0.21%
DIS B 0.21%
CSCO B 0.21%
MKC C 0.21%
KHC F 0.21%
SJM D 0.21%
GIS D 0.21%
CAG F 0.21%
GL C 0.2%
JNPR D 0.2%
PARA C 0.2%
CPB D 0.2%
HSIC C 0.2%
MHK D 0.19%
CI D 0.19%
CAH B 0.19%
TEL B 0.19%
WBD B 0.19%
PEP F 0.18%
HSY F 0.18%
MDLZ F 0.18%
MCK A 0.18%
COR B 0.18%
K A 0.18%
LH B 0.16%
DGX A 0.16%
GPC D 0.15%
LKQ F 0.14%
POOL C 0.13%
HLT A 0.12%
MAR A 0.12%
ABNB C 0.12%
SYK B 0.12%
STE D 0.12%
EXPE B 0.12%
ISRG A 0.12%
ZBH C 0.12%
DVA C 0.11%
BKNG A 0.11%
HST C 0.11%
DXCM C 0.1%
PODD C 0.1%
HOLX D 0.1%
NWSA A 0.1%
IDXX F 0.1%
NWS A 0.1%
ALGN D 0.1%
GEHC D 0.1%
FOX A 0.1%
UDR B 0.1%
FOXA A 0.1%
FMC D 0.09%
RCL A 0.09%
CCL A 0.09%
CHRW B 0.09%
CF A 0.09%
NCLH B 0.09%
LYV A 0.09%
IVZ B 0.09%
RMD C 0.09%
CMS C 0.08%
SRE A 0.08%
AEE A 0.08%
GNRC C 0.08%
WYNN C 0.08%
BLK B 0.08%
LVS B 0.08%
MOS F 0.08%
CTVA C 0.08%
O C 0.07%
SPG A 0.07%
LYB F 0.07%
PPG F 0.07%
CZR F 0.07%
MGM D 0.07%
DOW F 0.07%
PNW A 0.07%
WEC A 0.07%
CE F 0.07%
EW C 0.06%
ABT B 0.06%
MDT D 0.06%
BSX A 0.06%
REG A 0.06%
KIM A 0.06%
PLD F 0.06%
FRT B 0.06%
IFF D 0.05%
ECL D 0.05%
SOLV D 0.05%
BAX F 0.05%
BDX F 0.05%
TFX F 0.05%
EMN C 0.05%
DD C 0.05%
ALB B 0.05%
JKHY D 0.05%
GPN B 0.04%
CPAY A 0.04%
SSPY Underweight 80 Positions Relative to INRO
Symbol Grade Weight
Z A -0.25%
LRCX F -0.21%
COIN C -0.2%
WCN A -0.2%
EME A -0.19%
MRVL B -0.17%
WSO A -0.16%
CSL C -0.15%
LII A -0.14%
VRT B -0.14%
ARES A -0.11%
ACM B -0.11%
OC A -0.11%
LNG A -0.09%
MSTR B -0.08%
APP B -0.08%
WDAY B -0.08%
FBIN D -0.07%
MELI C -0.07%
LPLA A -0.07%
BAH F -0.06%
TEAM A -0.06%
ALNY D -0.05%
BURL B -0.05%
HUBS A -0.05%
WSM C -0.05%
TRU D -0.05%
TPL A -0.05%
HOOD B -0.05%
DDOG A -0.05%
CCK D -0.05%
FCNCA A -0.05%
PINS F -0.05%
TW A -0.05%
ZM C -0.04%
KNX C -0.04%
SNAP D -0.04%
MKL A -0.04%
CG B -0.04%
ZS B -0.03%
MANH D -0.03%
DT D -0.03%
PSTG D -0.03%
GGG B -0.03%
ILMN C -0.03%
ENTG D -0.03%
DKS D -0.03%
SSNC B -0.03%
BSY F -0.02%
BMRN F -0.02%
NBIX C -0.02%
SEIC B -0.02%
TTC C -0.02%
IOT A -0.02%
CNH C -0.02%
AFG A -0.02%
ALLY C -0.02%
AVTR F -0.02%
UHAL D -0.02%
OVV B -0.02%
UTHR C -0.02%
GLPI C -0.02%
DOCU B -0.02%
RS B -0.01%
SUI C -0.01%
ACI C -0.01%
MDB B -0.01%
HEI A -0.01%
RPRX D -0.01%
TWLO A -0.01%
NET B -0.01%
APO B -0.01%
BIO C -0.01%
RIVN F -0.01%
EXAS D -0.01%
SNOW B -0.01%
DINO D -0.01%
CHRD D -0.01%
FNF B -0.0%
HEI A -0.0%
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