FDCF vs. INRO ETF Comparison

Comparison of Fidelity Disruptive Communications ETF (FDCF) to BlackRock U.S. Industry Rotation ETF (INRO)
FDCF

Fidelity Disruptive Communications ETF

FDCF Description

The fund normally invests at least 80% of assets in securities of disruptive communications companies. Fidelity's disruptive strategies seek to identify innovative developments that could signal new directions for delivering products and services to customers. Generally, these companies have or are developing new or unconventional ways of doing business that could disrupt and displace incumbents over time. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$38.83

Average Daily Volume

6,453

Number of Holdings *

35

* 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

$28.56

Average Daily Volume

3,548

Number of Holdings *

429

* may have additional holdings in another (foreign) market
Performance
Period FDCF INRO
30 Days 3.02% 5.09%
60 Days 7.38% 6.25%
90 Days 9.05% 7.10%
12 Months 41.68%
21 Overlapping Holdings
Symbol Grade Weight in FDCF Weight in INRO Overlap
AAPL C 2.43% 5.76% 2.43%
AMT D 4.68% 0.11% 0.11%
AMZN C 5.62% 1.47% 1.47%
CDNS B 2.28% 0.12% 0.12%
DOCU A 1.11% 0.02% 0.02%
GOOGL C 5.47% 3.13% 3.13%
IOT A 1.88% 0.02% 0.02%
META D 3.08% 3.68% 3.08%
MSFT F 1.37% 4.24% 1.37%
NET B 1.01% 0.01% 0.01%
NOW A 1.35% 0.3% 0.3%
NVDA C 5.66% 7.62% 5.66%
NXPI D 1.09% 0.12% 0.12%
ON D 0.69% 0.06% 0.06%
PINS D 2.53% 0.05% 0.05%
SNAP C 3.02% 0.03% 0.03%
SNPS B 1.04% 0.12% 0.12%
TMUS B 4.48% 4.56% 4.48%
TWLO A 2.78% 0.01% 0.01%
UBER D 2.47% 0.49% 0.49%
ZM B 1.39% 0.03% 0.03%
FDCF Overweight 14 Positions Relative to INRO
Symbol Grade Weight
SE B 4.91%
ANET C 4.87%
TSM B 4.34%
LBRDA C 4.1%
PDD F 2.9%
CMCSA B 2.2%
NFLX A 2.08%
SPOT B 1.51%
BABA D 1.41%
PI D 1.3%
DY D 1.09%
GOGO C 1.02%
BMBL C 0.98%
SATS D 0.71%
FDCF Underweight 408 Positions Relative to INRO
Symbol Grade Weight
GOOG C -2.72%
JPM A -1.74%
HON B -1.6%
AVGO D -1.54%
BXP D -1.35%
TSLA B -1.32%
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%
CSGP D -0.63%
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%
ETN A -0.48%
COF B -0.48%
URI B -0.47%
COST B -0.47%
AMD F -0.47%
BX A -0.45%
ORCL B -0.45%
CRM B -0.45%
CEG D -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%
FAST B -0.4%
TXN C -0.39%
ABBV D -0.39%
QCOM F -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%
CTAS B -0.34%
C A -0.34%
ICE C -0.33%
DHI D -0.33%
ADBE C -0.32%
AEP D -0.32%
KKR A -0.31%
GEV B -0.31%
AMAT F -0.3%
CME A -0.3%
ADP B -0.29%
DFS B -0.29%
LEN D -0.28%
MCO B -0.28%
INTU C -0.26%
PCG A -0.26%
EXC C -0.25%
CSX B -0.25%
Z A -0.25%
MRK F -0.24%
XEL A -0.24%
EMR A -0.24%
COP C -0.24%
TMO F -0.24%
PGR A -0.23%
MU D -0.23%
GRMN B -0.22%
INTC D -0.22%
NSC B -0.22%
ADI D -0.22%
WCN A -0.21%
ORLY B -0.21%
PNC B -0.21%
CPRT A -0.21%
EIX B -0.21%
NVR D -0.21%
DE A -0.2%
USB A -0.2%
AMGN D -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%
LRCX F -0.19%
DHR F -0.19%
SYF B -0.18%
PANW C -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%
KLAC D -0.17%
ODFL B -0.16%
WSO A -0.16%
MMC B -0.16%
MSCI C -0.16%
VRT B -0.16%
MRVL B -0.16%
EOG A -0.15%
AME A -0.15%
FE C -0.15%
AZO C -0.15%
VRTX F -0.15%
BLDR D -0.15%
ITW B -0.15%
NDAQ A -0.14%
ROST C -0.14%
ES D -0.14%
PFE D -0.14%
LII A -0.14%
CSL C -0.14%
GILD 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%
CRWD B -0.12%
OKE A -0.12%
ARES A -0.12%
NRG B -0.12%
EVRG A -0.11%
REGN F -0.11%
PAYX C -0.11%
LNT A -0.11%
VLTO D -0.11%
BK A -0.11%
PCAR B -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%
ROP B -0.09%
TRV B -0.09%
VRSK A -0.09%
SLB C -0.09%
ADSK A -0.09%
MCHP D -0.08%
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%
FTNT C -0.08%
WDAY B -0.08%
BALL D -0.08%
PSA D -0.07%
BKR B -0.07%
DELL C -0.07%
HBAN A -0.07%
WAB B -0.07%
RF A -0.07%
MELI D -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%
DDOG A -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%
TEAM A -0.06%
FANG 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%
ANSS 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%
CDW F -0.05%
WSM B -0.05%
FCNCA A -0.05%
BBY 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%
SMCI F -0.03%
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%
ZS C -0.03%
PAYC B -0.03%
SWKS F -0.03%
DAY B -0.03%
ILMN D -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%
BIIB F -0.03%
DOC D -0.03%
TDG D -0.03%
WY D -0.03%
GGG B -0.03%
ENTG D -0.03%
LIN D -0.03%
JBL B -0.03%
DAL C -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%
MRNA F -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%
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%
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%
MDB C -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%
PYPL B -0.01%
EPAM C -0.01%
VTRS A -0.01%
BIO D -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%
DLTR F -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%
CTSH B -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%
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