FTLS vs. INRO ETF Comparison

Comparison of First Trust Long/Short Equity (FTLS) to BlackRock U.S. Industry Rotation ETF (INRO)
FTLS

First Trust Long/Short Equity

FTLS Description

The investment seeks to provide investors with long-term total return. Under normal circumstances, at least 80% of the fund's assets (plus the amount of any borrowing for investment purposes) will be exposed to U.S. exchange-listed equity securities of U.S. and foreign companies by investing in such securities directly and/or in U.S. exchange-traded funds ("ETFs") that provide exposure to such securities. It may invest up to 20% of its net assets (plus the amount of any borrowing for investment purposes) in U.S. exchange-listed equity index futures contracts. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$65.59

Average Daily Volume

128,344

Number of Holdings *

384

* 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 FTLS INRO
30 Days 1.17% 2.86%
60 Days 4.53% 5.93%
90 Days 3.65% 6.63%
12 Months 20.51%
121 Overlapping Holdings
Symbol Grade Weight in FTLS Weight in INRO Overlap
AAPL C 7.44% 5.57% 5.57%
ACN B 2.11% 0.07% 0.07%
AFL B 0.7% 0.09% 0.09%
AIZ A 0.22% 0.02% 0.02%
ALL A 0.88% 0.08% 0.08%
ALLY C 0.29% 0.02% 0.02%
AMAT F -0.04% 0.32% -0.04%
AMD F -0.03% 0.49% -0.03%
AMZN C 2.74% 1.46% 1.46%
APD A -0.7% 0.01% -0.7%
APO B -0.04% 0.01% -0.04%
AVGO D 1.06% 1.64% 1.06%
AVY F -0.07% 0.07% -0.07%
BA F -0.07% 0.04% -0.07%
BK A -0.37% 0.11% -0.37%
BKR A -0.13% 0.07% -0.13%
BRK.A B 1.13% 0.06% 0.06%
BURL B -0.03% 0.05% -0.03%
C A 2.18% 0.34% 0.34%
CCK D 0.29% 0.05% 0.05%
CDNS B -0.69% 0.12% -0.69%
CDW F -0.06% 0.06% -0.06%
CME B 1.57% 0.26% 0.26%
CMI A -0.36% 0.09% -0.36%
COP C -0.06% 0.23% -0.06%
CSL C 0.6% 0.15% 0.15%
CTAS B 1.09% 0.34% 0.34%
CTRA B -0.04% 0.03% -0.04%
CVX A -0.02% 0.48% -0.02%
DE B -0.48% 0.2% -0.48%
EFX F -0.19% 0.08% -0.19%
EQT B -0.04% 0.04% -0.04%
ETN A -0.58% 0.48% -0.58%
FANG C 0.83% 0.06% 0.06%
FAST B -0.03% 0.41% -0.03%
FDX B 1.69% 0.02% 0.02%
FIS C 1.0% 0.01% 0.01%
FSLR F -0.02% 0.04% -0.02%
GD D -0.52% 0.03% -0.52%
GE D -0.03% 0.08% -0.03%
GEN B 0.45% 0.03% 0.03%
GM C 0.14% 0.09% 0.09%
GOOG C 1.17% 2.71% 1.17%
GOOGL C 1.4% 3.12% 1.4%
HII F -0.11% 0.0% -0.11%
HON C -0.02% 1.56% -0.02%
HPQ B 1.0% 0.06% 0.06%
HWM A 0.97% 0.02% 0.02%
ILMN C 1.13% 0.03% 0.03%
INTC C -0.15% 0.22% -0.15%
JBL C 0.73% 0.03% 0.03%
JNJ C 1.85% 0.36% 0.36%
JPM A 0.93% 1.68% 0.93%
KEYS A -0.12% 0.06% -0.12%
KMI A 1.23% 0.1% 0.1%
KR B -0.25% 0.05% -0.25%
LIN C -0.59% 0.02% -0.59%
LLY F 0.84% 0.64% 0.64%
LMT D -0.32% 0.05% -0.32%
LNG A 1.19% 0.09% 0.09%
LOW C 2.16% 0.45% 0.45%
MAS D 0.46% 0.12% 0.12%
META D 1.77% 3.77% 1.77%
MLM C -0.46% 0.59% -0.46%
MMM D -0.3% 0.78% -0.3%
MO A 1.51% 0.39% 0.39%
MPC D 1.37% 0.1% 0.1%
MSFT D 4.45% 4.18% 4.18%
MU D -0.16% 0.25% -0.16%
NOW A -0.35% 0.3% -0.35%
NSC B -0.27% 0.23% -0.27%
NTAP C 0.75% 0.04% 0.04%
NTRS A 0.42% 0.08% 0.08%
NVDA B 4.84% 7.42% 4.84%
NVR D 0.55% 0.22% 0.22%
NXPI D -0.08% 0.12% -0.08%
ORCL A -0.41% 0.44% -0.41%
PANW B -0.25% 0.18% -0.25%
PAYX B -0.57% 0.11% -0.57%
PCAR B -0.22% 0.11% -0.22%
PH A 1.64% 0.17% 0.17%
PKG A -0.15% 0.1% -0.15%
PM B 1.92% 0.83% 0.83%
PNC B -0.51% 0.2% -0.51%
PNR A 0.56% 0.04% 0.04%
QCOM F 1.88% 0.39% 0.39%
RIVN F -0.02% 0.01% -0.02%
RPRX D 0.23% 0.01% 0.01%
SCHW B 2.26% 0.37% 0.37%
SLB C -0.12% 0.09% -0.12%
SNA A 0.33% 0.04% 0.04%
SNPS B -0.29% 0.12% -0.29%
SWK D 0.4% 0.03% 0.03%
SYF B 0.79% 0.18% 0.18%
SYY D 0.83% 0.04% 0.04%
TFC A 1.02% 0.15% 0.15%
TMO F -0.03% 0.26% -0.03%
TMUS B 2.32% 4.59% 2.32%
TRMB B -0.09% 0.04% -0.09%
TRV B 1.05% 0.09% 0.09%
TSLA B -0.32% 1.32% -0.32%
TTC C 0.31% 0.02% 0.02%
TWLO A 0.72% 0.01% 0.01%
TXN C -0.36% 0.41% -0.36%
TYL B -0.25% 0.04% -0.25%
UNH B -0.4% 0.01% -0.4%
URI C -0.2% 0.5% -0.2%
USB A 1.35% 0.2% 0.2%
VICI C 0.4% 0.05% 0.05%
VLO C 1.43% 0.08% 0.08%
VLTO C 0.49% 0.11% 0.11%
VMC B -0.16% 0.61% -0.16%
VRSK A -0.55% 0.09% -0.55%
VRSN C 0.45% 0.01% 0.01%
WAT C -0.3% 0.03% -0.3%
WM B -0.47% 0.37% -0.47%
WMB A 0.07% 0.12% 0.07%
WMT A -0.03% 0.41% -0.03%
WRB A 0.32% 0.03% 0.03%
WST C -0.06% 0.03% -0.06%
XOM B -0.45% 0.95% -0.45%
FTLS Overweight 263 Positions Relative to INRO
Symbol Grade Weight
CL D 1.17%
PBR D 0.73%
RL C 0.67%
EAT A 0.65%
TOL B 0.65%
CF A 0.55%
INSM C 0.54%
BJ A 0.47%
OKTA C 0.45%
CROX D 0.44%
ZIM C 0.44%
FLEX B 0.44%
GL C 0.41%
NVS F 0.41%
FFIV B 0.4%
PENN C 0.4%
CAG F 0.38%
DBX B 0.36%
EXP B 0.35%
CRS B 0.34%
TKO A 0.32%
JAZZ B 0.31%
LPX B 0.31%
AYI B 0.29%
PI D 0.27%
ASO F 0.27%
SPYV A 0.26%
SCHV A 0.26%
IWD A 0.26%
EWBC A 0.25%
CNK C 0.24%
KNSL B 0.22%
SAM C 0.21%
WHD B 0.21%
ALSN B 0.2%
MGY A 0.2%
MSM C 0.2%
COLB B 0.19%
UHS D 0.19%
HRB D 0.19%
EXEL B 0.19%
THO B 0.18%
PNFP B 0.17%
ALKS C 0.17%
GLBE B 0.17%
ADMA B 0.17%
CALM A 0.16%
UMBF B 0.16%
STNG F 0.16%
TWST F 0.16%
SFM A 0.16%
ORI A 0.15%
MATX C 0.15%
PRI B 0.15%
CRC A 0.15%
SKYW C 0.15%
AXS A 0.14%
CSWI B 0.13%
PAA B 0.13%
GMS B 0.13%
CBSH B 0.13%
CBT D 0.13%
LEG F 0.13%
LOGI D 0.13%
GFF A 0.13%
BFH C 0.13%
SIGI C 0.13%
FTDR B 0.12%
SMPL B 0.12%
ZWS B 0.12%
VRNA B 0.12%
MTG C 0.12%
TCBI C 0.11%
AM A 0.11%
ENLC A 0.11%
HESM B 0.11%
OPCH D 0.11%
PPC C 0.11%
BFAM D 0.11%
WGO C 0.11%
KRG B 0.11%
TBBK B 0.1%
LOPE C 0.1%
THG A 0.1%
MMS F 0.1%
ABM B 0.1%
NSA C 0.1%
ESNT F 0.09%
KFY B 0.09%
PRGS A 0.09%
DBRG F 0.09%
CARG B 0.09%
VCYT B 0.09%
CUBI B 0.09%
LCII C 0.09%
YOU D 0.09%
GRBK D 0.09%
EXTR C 0.09%
GBCI B 0.09%
LANC C 0.08%
UBSI B 0.08%
RDFN D 0.08%
TXG F 0.08%
EPR C 0.08%
KMPR A 0.08%
BOH B 0.08%
FOLD F 0.08%
RLI A 0.08%
PAYO A 0.08%
NMIH C 0.07%
EBC B 0.07%
BCRX D 0.07%
FHB B 0.07%
PBH A 0.07%
PLXS B 0.07%
REVG C 0.07%
AVNT B 0.07%
HAYW B 0.07%
AZZ A 0.07%
ICFI F 0.06%
ADUS D 0.06%
WFG C 0.06%
BRC D 0.06%
OTEX F 0.06%
PLMR A 0.06%
AUB B 0.06%
ROIC A 0.06%
SUPN C 0.06%
MQ D 0.06%
COLL F 0.05%
TRMD F 0.05%
GSL F 0.05%
AMPH F 0.05%
CDNA D 0.04%
MYGN F 0.04%
VSAT F -0.01%
VIST B -0.02%
CBU B -0.02%
AMRK F -0.02%
GPRE F -0.02%
RXST F -0.02%
DNB B -0.02%
COTY F -0.02%
HLN C -0.02%
KD B -0.02%
SAIA B -0.02%
FRO D -0.02%
LKFN C -0.02%
COHR B -0.02%
UWMC D -0.02%
WOLF F -0.02%
AER A -0.02%
IBOC B -0.02%
NVEE F -0.02%
EA A -0.02%
RUN F -0.02%
ENS F -0.02%
ARM F -0.02%
ASPN F -0.02%
OSK C -0.03%
BE B -0.03%
UTZ D -0.03%
HHH B -0.03%
PRCT B -0.03%
PAR A -0.03%
ICHR C -0.03%
CNNE B -0.03%
GKOS B -0.03%
BVN D -0.03%
SDGR C -0.03%
NEOG F -0.03%
OSIS A -0.03%
NWSA A -0.03%
RDY F -0.03%
CLH C -0.03%
PSMT D -0.03%
ARLO C -0.03%
AMRC F -0.03%
AZTA D -0.03%
DIOD D -0.03%
SLGN A -0.03%
BIRK D -0.03%
STZ D -0.04%
GATX A -0.04%
ATEC C -0.04%
CFLT B -0.04%
ERJ A -0.04%
FFIN B -0.04%
TFIN B -0.04%
MARA B -0.04%
IRTC C -0.04%
CRDO B -0.04%
APPN B -0.04%
ENR B -0.04%
RCL A -0.04%
RH C -0.04%
ALB B -0.04%
LMND B -0.05%
SOFI B -0.05%
AEO F -0.05%
ACVA B -0.05%
ACIW B -0.05%
VRRM F -0.05%
UPST B -0.05%
LYFT C -0.05%
DLB B -0.06%
TTD B -0.06%
ZD B -0.06%
MSA F -0.06%
VAL F -0.06%
VNT C -0.07%
KTOS B -0.07%
MMYT B -0.07%
MUFG B -0.07%
SSB B -0.07%
SE A -0.07%
IDCC B -0.07%
AVAV C -0.07%
HCA F -0.07%
MAT D -0.08%
CCOI B -0.08%
NSIT F -0.08%
R B -0.09%
DY D -0.09%
STM F -0.1%
GPC D -0.1%
VVV D -0.1%
ING F -0.1%
ARGX B -0.11%
HAE C -0.11%
HQY A -0.13%
STE D -0.13%
ABT B -0.14%
NFLX A -0.15%
TM F -0.15%
ASX D -0.15%
IPG D -0.16%
INFY C -0.16%
GSK F -0.16%
SYK B -0.17%
GWRE A -0.2%
BWXT B -0.2%
FMX F -0.2%
HSBC A -0.21%
DEO F -0.22%
CCEP C -0.23%
GEHC D -0.26%
PG C -0.26%
SAP B -0.27%
OMC C -0.27%
BABA D -0.28%
UL D -0.3%
ISRG A -0.32%
MDLZ F -0.33%
TTWO A -0.33%
ZBH C -0.36%
HDB C -0.38%
MCD D -0.41%
ASML F -0.41%
MSI B -0.43%
PEP F -0.57%
CMCSA B -0.65%
DIS B -0.73%
FTLS Underweight 302 Positions Relative to INRO
Symbol Grade Weight
BXP C -1.38%
HD B -1.16%
AXP A -1.14%
NEE C -0.94%
CBRE B -0.88%
BAC A -0.79%
TT A -0.65%
CSGP D -0.65%
WFC A -0.62%
GS A -0.62%
SO C -0.59%
UNP C -0.55%
DUK C -0.53%
SPGI C -0.52%
MS A -0.52%
UBER F -0.5%
COF C -0.49%
CRM B -0.47%
GWW B -0.46%
COST A -0.46%
CEG C -0.45%
BX A -0.42%
CARR C -0.42%
JCI B -0.4%
ABBV F -0.4%
TJX A -0.38%
PWR A -0.37%
CAT B -0.36%
DHI F -0.33%
ADBE C -0.32%
DFS B -0.31%
KKR A -0.31%
AEP C -0.31%
GEV B -0.31%
ICE C -0.29%
ADP A -0.29%
INTU B -0.28%
LEN D -0.28%
MCO B -0.26%
PCG A -0.26%
CSX C -0.26%
Z A -0.25%
EMR B -0.24%
EXC C -0.24%
MRK D -0.24%
PGR A -0.23%
ADI D -0.23%
XEL A -0.23%
GRMN B -0.22%
AMGN F -0.22%
CPRT B -0.21%
LRCX F -0.21%
ORLY B -0.21%
COIN C -0.2%
RSG A -0.2%
ETR B -0.2%
EIX B -0.2%
WCN A -0.2%
DHR F -0.2%
EME A -0.19%
PHM D -0.19%
APH A -0.19%
WELL A -0.18%
KLAC F -0.18%
MRVL B -0.17%
VRTX D -0.17%
ODFL C -0.17%
VST A -0.17%
PLTR B -0.17%
AMP A -0.17%
WSO A -0.16%
GILD C -0.16%
MMC B -0.16%
CB C -0.16%
FE C -0.15%
AZO C -0.15%
MSCI C -0.15%
BLDR D -0.15%
ITW B -0.15%
EOG A -0.14%
LII A -0.14%
ROST D -0.14%
PFE F -0.14%
AME A -0.14%
VRT B -0.14%
ES C -0.13%
NDAQ A -0.12%
REGN F -0.12%
BMY B -0.12%
NRG B -0.12%
SW A -0.12%
AMT C -0.11%
ARES A -0.11%
NEM D -0.11%
RJF A -0.11%
OKE A -0.11%
AON A -0.11%
CRWD B -0.11%
FCX F -0.11%
ACM B -0.11%
OC A -0.11%
ADSK A -0.1%
PSX C -0.1%
ROK C -0.1%
EQIX A -0.1%
LNT A -0.1%
EVRG A -0.1%
IP A -0.09%
ALLE C -0.09%
GLW B -0.09%
TSCO D -0.09%
MTB A -0.09%
FTNT C -0.09%
ROP B -0.09%
AJG A -0.09%
ZTS D -0.08%
MET A -0.08%
OTIS C -0.08%
MCHP F -0.08%
TGT F -0.08%
AIG B -0.08%
HUBB B -0.08%
IR B -0.08%
FITB B -0.08%
MSTR B -0.08%
FICO B -0.08%
APP B -0.08%
BALL F -0.08%
WDAY B -0.08%
PSA C -0.07%
RTX D -0.07%
FBIN D -0.07%
RF A -0.07%
HBAN A -0.07%
DELL B -0.07%
BR A -0.07%
FDS B -0.07%
WAB B -0.07%
MELI C -0.07%
HES B -0.07%
PRU A -0.07%
DLR B -0.07%
TRGP A -0.07%
LPLA A -0.07%
AMCR C -0.07%
DOV A -0.06%
BAH F -0.06%
ACGL C -0.06%
XYL D -0.06%
VTR B -0.06%
TEAM A -0.06%
OXY D -0.06%
JBHT C -0.06%
ON D -0.06%
LDOS C -0.06%
F C -0.06%
AOS F -0.06%
ROL B -0.06%
MPWR F -0.06%
IBM C -0.06%
TDY B -0.05%
ALNY D -0.05%
PPL A -0.05%
HUBS A -0.05%
WSM C -0.05%
ATO A -0.05%
WTW B -0.05%
ANSS B -0.05%
TRU D -0.05%
TPL A -0.05%
HPE B -0.05%
TROW B -0.05%
A D -0.05%
HOOD B -0.05%
FTV C -0.05%
IQV F -0.05%
DDOG A -0.05%
FCNCA A -0.05%
HIG B -0.05%
PINS F -0.05%
BBY D -0.05%
ULTA F -0.05%
KEY B -0.05%
CCI C -0.05%
TW A -0.05%
STT B -0.05%
CFG B -0.05%
KMX B -0.04%
STX C -0.04%
ZM C -0.04%
KNX C -0.04%
SNAP D -0.04%
PTC B -0.04%
MTD F -0.04%
ARE F -0.04%
WDC D -0.04%
CBOE C -0.04%
MKL A -0.04%
CINF A -0.04%
HAL C -0.04%
BRO B -0.04%
PFG D -0.04%
MA B -0.04%
DVN F -0.04%
IRM C -0.04%
EXR C -0.04%
CG B -0.04%
J D -0.04%
V A -0.04%
ZBRA B -0.04%
MRO B -0.03%
BEN C -0.03%
ZS B -0.03%
EG C -0.03%
MANH D -0.03%
DT D -0.03%
PSTG D -0.03%
PAYC B -0.03%
SBAC D -0.03%
L A -0.03%
SWKS F -0.03%
NDSN B -0.03%
DAY B -0.03%
WY F -0.03%
DOC C -0.03%
GGG B -0.03%
UPS C -0.03%
NOC D -0.03%
DAL B -0.03%
TDG D -0.03%
BIIB F -0.03%
ENTG D -0.03%
AES F -0.03%
IEX C -0.03%
DKS D -0.03%
MKTX D -0.03%
SSNC B -0.03%
TER F -0.03%
BSY F -0.02%
CRL D -0.02%
TECH F -0.02%
CTSH B -0.02%
IT C -0.02%
BMRN F -0.02%
NBIX C -0.02%
SEIC B -0.02%
INCY C -0.02%
ERIE D -0.02%
MRNA F -0.02%
AXON A -0.02%
ENPH F -0.02%
IOT A -0.02%
CNH C -0.02%
AFG A -0.02%
BBWI C -0.02%
AVTR F -0.02%
RVTY F -0.02%
UHAL D -0.02%
SMCI F -0.02%
OVV B -0.02%
UTHR C -0.02%
MTCH D -0.02%
LHX C -0.02%
GLPI C -0.02%
DOCU B -0.02%
EBAY D -0.02%
WBA F -0.01%
RS B -0.01%
SUI C -0.01%
ACI C -0.01%
MDB B -0.01%
SHW B -0.01%
STLD B -0.01%
ESS B -0.01%
TXT D -0.01%
HEI A -0.01%
MAA B -0.01%
INVH D -0.01%
PYPL B -0.01%
VTRS A -0.01%
EPAM B -0.01%
NET B -0.01%
CTLT C -0.01%
DLTR F -0.01%
APA D -0.01%
BIO C -0.01%
EQR C -0.01%
LUV C -0.01%
EXAS D -0.01%
NUE C -0.01%
SNOW B -0.01%
AVB B -0.01%
FI A -0.01%
GDDY A -0.01%
DG F -0.01%
DINO D -0.01%
QRVO F -0.01%
CHRD D -0.01%
FNF B -0.0%
HEI A -0.0%
EXPD C -0.0%
CPT B -0.0%
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