INRO vs. CVSE ETF Comparison

Comparison of BlackRock U.S. Industry Rotation ETF (INRO) to Calvert US Select Equity ETF (CVSE)

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

$28.39

Average Daily Volume

3,548

Number of Holdings ^*

429

* may have additional holdings in another (foreign) market

CVSE

Calvert US Select Equity ETF

CVSE Description

Under normal circumstances, at least 80% of the fund"s net assets (plus any borrowings for investment purposes) will be invested in the equity securities of U.S. issuers. The fund is actively managed, not designed to track a benchmark, and therefore not constrained by the composition of a benchmark. The fund primarily invests in the equity securities of large capitalization U.S. issuers that are involved in economic activities that address global environmental or societal challenges that relate to areas such as environmental sustainability and resource efficiency.

Grade (RS Rating)

Last Trade

$70.50

Average Daily Volume

945

Number of Holdings ^*

178

* may have additional holdings in another (foreign) market

Performance

Period	INRO	CVSE
30 Days	5.09%	2.61%
60 Days	6.25%	4.06%
90 Days	7.10%	5.46%
12 Months		30.71%

116 Overlapping Holdings

Symbol	Grade	Weight in INRO	Weight in CVSE	Overlap
A	D	0.05%	0.31%	0.05%
AAPL	C	5.76%	6.81%	5.76%
ACN	C	0.07%	1.81%	0.07%
ADBE	C	0.32%	0.67%	0.32%
ADP	B	0.29%	0.84%	0.29%
ADSK	A	0.09%	0.36%	0.09%
ALNY	D	0.04%	0.25%	0.04%
AMAT	F	0.3%	0.69%	0.3%
AMD	F	0.47%	0.52%	0.47%
AMGN	D	0.2%	0.73%	0.2%
AMT	D	0.11%	0.63%	0.11%
AXP	A	1.14%	0.88%	0.88%
BALL	D	0.08%	0.4%	0.08%
BBY	D	0.05%	0.24%	0.05%
BMY	B	0.11%	0.41%	0.11%
BXP	D	1.35%	0.1%	0.1%
CAT	B	0.35%	0.94%	0.35%
CBRE	B	0.87%	0.69%	0.69%
CDNS	B	0.12%	0.43%	0.12%
CFG	B	0.06%	0.55%	0.06%
CMI	A	0.1%	1.11%	0.1%
COF	B	0.48%	0.47%	0.47%
CPRT	A	0.21%	0.03%	0.03%
CRM	B	0.45%	1.09%	0.45%
CSGP	D	0.63%	0.08%	0.08%
CTAS	B	0.34%	0.18%	0.18%
DE	A	0.2%	0.52%	0.2%
DELL	C	0.07%	0.19%	0.07%
DFS	B	0.29%	0.55%	0.29%
DHR	F	0.19%	0.35%	0.19%
DKS	C	0.03%	0.06%	0.03%
EBAY	D	0.02%	0.36%	0.02%
ECL	D	0.0%	0.69%	0.0%
EMR	A	0.24%	0.47%	0.24%
EQR	B	0.01%	0.18%	0.01%
ES	D	0.14%	0.64%	0.14%
ETN	A	0.48%	1.42%	0.48%
EXAS	D	0.01%	0.1%	0.01%
EXPD	D	0.0%	0.22%	0.0%
EXR	D	0.04%	0.15%	0.04%
FICO	B	0.08%	0.05%	0.05%
FIS	C	0.01%	0.16%	0.01%
FITB	A	0.08%	0.35%	0.08%
FSLR	F	0.04%	0.04%	0.04%
GILD	C	0.14%	0.34%	0.14%
GM	B	0.09%	1.04%	0.09%
HBAN	A	0.07%	0.28%	0.07%
HD	A	1.17%	1.33%	1.17%
HIG	B	0.05%	0.21%	0.05%
HPE	B	0.05%	0.55%	0.05%
HPQ	B	0.06%	0.27%	0.06%
HUBS	A	0.05%	0.31%	0.05%
ICE	C	0.33%	1.0%	0.33%
INTC	D	0.22%	0.26%	0.22%
INTU	C	0.26%	0.7%	0.26%
IQV	D	0.05%	0.09%	0.05%
ITW	B	0.15%	0.58%	0.15%
KEY	B	0.05%	0.06%	0.05%
KLAC	D	0.17%	0.19%	0.17%
KNX	B	0.03%	0.18%	0.03%
LIN	D	0.03%	0.64%	0.03%
LLY	F	0.57%	2.63%	0.57%
LOW	D	0.43%	0.75%	0.43%
LRCX	F	0.19%	0.15%	0.15%
MA	C	0.04%	1.54%	0.04%
MET	A	0.08%	1.14%	0.08%
MRK	F	0.24%	1.73%	0.24%
MRNA	F	0.02%	0.02%	0.02%
MSCI	C	0.16%	0.1%	0.1%
MSFT	F	4.24%	7.68%	4.24%
MU	D	0.23%	0.35%	0.23%
NDAQ	A	0.14%	0.4%	0.14%
NEE	D	0.97%	0.11%	0.11%
NOW	A	0.3%	1.11%	0.3%
NUE	C	0.01%	0.61%	0.01%
NVDA	C	7.62%	7.98%	7.62%
ON	D	0.06%	0.05%	0.05%
PANW	C	0.18%	0.15%	0.15%
PFE	D	0.14%	0.27%	0.14%
PGR	A	0.23%	1.06%	0.23%
PH	A	0.17%	1.66%	0.17%
PNR	A	0.04%	0.26%	0.04%
PRU	A	0.07%	0.76%	0.07%
PYPL	B	0.01%	0.32%	0.01%
QCOM	F	0.39%	0.3%	0.3%
REGN	F	0.11%	0.1%	0.1%
RF	A	0.07%	0.19%	0.07%
ROK	B	0.1%	0.31%	0.1%
SCHW	B	0.41%	0.62%	0.41%
SHW	A	0.01%	0.61%	0.01%
SNOW	C	0.01%	0.1%	0.01%
SNPS	B	0.12%	0.22%	0.12%
SPGI	C	0.55%	2.01%	0.55%
STT	A	0.05%	0.4%	0.05%
SWK	D	0.03%	0.09%	0.03%
TFC	A	0.17%	0.7%	0.17%
TGT	F	0.08%	0.56%	0.08%
TJX	A	0.39%	0.37%	0.37%
TROW	B	0.05%	0.19%	0.05%
TRV	B	0.09%	0.72%	0.09%
TSCO	D	0.09%	0.28%	0.09%
TT	A	0.65%	0.84%	0.65%
TWLO	A	0.01%	0.12%	0.01%
TXN	C	0.39%	0.48%	0.39%
ULTA	F	0.05%	0.29%	0.05%
URI	B	0.47%	0.68%	0.47%
V	A	0.04%	1.44%	0.04%
VLTO	D	0.11%	0.05%	0.05%
VRSK	A	0.09%	1.21%	0.09%
VRSN	F	0.01%	0.08%	0.01%
VRTX	F	0.15%	0.2%	0.15%
VTR	C	0.06%	0.14%	0.06%
WAT	B	0.03%	0.18%	0.03%
WDAY	B	0.08%	0.28%	0.08%
WSM	B	0.05%	0.2%	0.05%
XYL	D	0.06%	0.14%	0.06%

INRO Overweight 313 Positions Relative to CVSE

Symbol	Grade	Weight
TMUS	B	4.56%
META	D	3.68%
GOOGL	C	3.13%
GOOG	C	2.72%
JPM	A	1.74%
HON	B	1.6%
AVGO	D	1.54%
AMZN	C	1.47%
TSLA	B	1.32%
XOM	B	0.95%
PM	B	0.87%
BAC	A	0.81%
MMM	D	0.76%
GS	A	0.64%
WFC	A	0.64%
SO	D	0.6%
VMC	B	0.59%
MLM	B	0.57%
MS	A	0.55%
UNP	C	0.54%
DUK	C	0.54%
CVX	A	0.5%
UBER	D	0.49%
COST	B	0.47%
BX	A	0.45%
ORCL	B	0.45%
CEG	D	0.45%
WMT	A	0.45%
GWW	B	0.44%
CARR	D	0.42%
MO	A	0.41%
FAST	B	0.4%
ABBV	D	0.39%
JCI	C	0.39%
WM	A	0.37%
PWR	A	0.37%
JNJ	D	0.37%
C	A	0.34%
DHI	D	0.33%
AEP	D	0.32%
KKR	A	0.31%
GEV	B	0.31%
CME	A	0.3%
LEN	D	0.28%
MCO	B	0.28%
PCG	A	0.26%
EXC	C	0.25%
CSX	B	0.25%
Z	A	0.25%
XEL	A	0.24%
COP	C	0.24%
TMO	F	0.24%
GRMN	B	0.22%
NSC	B	0.22%
ADI	D	0.22%
WCN	A	0.21%
ORLY	B	0.21%
PNC	B	0.21%
EIX	B	0.21%
NVR	D	0.21%
USB	A	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%
SYF	B	0.18%
WELL	A	0.18%
PLTR	B	0.18%
PHM	D	0.18%
CB	C	0.17%
ODFL	B	0.16%
WSO	A	0.16%
MMC	B	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%
BLDR	D	0.15%
ROST	C	0.14%
LII	A	0.14%
CSL	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%
NXPI	D	0.12%
OKE	A	0.12%
ARES	A	0.12%
NRG	B	0.12%
EVRG	A	0.11%
PAYX	C	0.11%
LNT	A	0.11%
BK	A	0.11%
PCAR	B	0.11%
AON	A	0.11%
NEM	D	0.11%
ACM	A	0.11%
APP	B	0.1%
AJG	B	0.1%
PKG	A	0.1%
KMI	A	0.1%
PSX	C	0.1%
MPC	D	0.1%
EQIX	A	0.1%
MSTR	C	0.1%
NTRS	A	0.1%
GLW	B	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%
SLB	C	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%
IR	B	0.08%
FDS	B	0.08%
GE	D	0.08%
ALL	A	0.08%
VLO	C	0.08%
ALLE	D	0.08%
FTNT	C	0.08%
PSA	D	0.07%
BKR	B	0.07%
WAB	B	0.07%
MELI	D	0.07%
AMCR	D	0.07%
HES	B	0.07%
DLR	B	0.07%
AVY	D	0.07%
CCI	D	0.06%
JBHT	C	0.06%
DDOG	A	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%
FBIN	D	0.06%
RTX	C	0.06%
TW	A	0.06%
IBM	C	0.06%
KR	B	0.05%
WTW	B	0.05%
LMT	D	0.05%
PPL	B	0.05%
ANSS	B	0.05%
ATO	A	0.05%
LDOS	C	0.05%
CG	A	0.05%
CCK	C	0.05%
FTV	C	0.05%
BURL	A	0.05%
TPL	A	0.05%
CDW	F	0.05%
FCNCA	A	0.05%
PINS	D	0.05%
DOV	A	0.05%
VICI	C	0.05%
ACGL	D	0.05%
SNA	A	0.04%
PTC	A	0.04%
ARE	D	0.04%
WDC	D	0.04%
TRMB	B	0.04%
UPS	C	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%
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%
NTAP	C	0.04%
TDY	B	0.04%
TRU	D	0.04%
SMCI	F	0.03%
MANH	D	0.03%
MRO	B	0.03%
DT	C	0.03%
EG	C	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%
SNAP	C	0.03%
JBL	B	0.03%
DAL	C	0.03%
ZM	B	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%
MTD	D	0.03%
KMX	B	0.03%
INCY	C	0.02%
IT	C	0.02%
BMRN	D	0.02%
NBIX	C	0.02%
LUV	C	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%
IOT	A	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%
DOCU	A	0.02%
GLPI	C	0.02%
GEN	B	0.02%
CPT	B	0.01%
CTVA	C	0.01%
APD	A	0.01%
SUI	D	0.01%
DOW	F	0.01%
ACI	C	0.01%
STLD	B	0.01%
TXT	D	0.01%
MDB	C	0.01%
ESS	B	0.01%
RS	B	0.01%
MAA	B	0.01%
HEI	B	0.01%
INVH	D	0.01%
RPRX	D	0.01%
EPAM	C	0.01%
VTRS	A	0.01%
BIO	D	0.01%
NET	B	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%
DLTR	F	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%
CHRW	C	0.0%
FNF	B	0.0%
HEI	B	0.0%
WBA	F	0.0%

INRO Underweight 62 Positions Relative to CVSE

Symbol	Grade	Weight
NFLX	A	-1.55%
DIS	B	-1.24%
GIS	D	-0.91%
VZ	C	-0.9%
BSX	B	-0.82%
CSCO	B	-0.75%
AWK	D	-0.67%
OMC	C	-0.65%
PLD	D	-0.63%
ED	D	-0.49%
HUM	C	-0.45%
JLL	D	-0.43%
SJM	D	-0.4%
RMD	C	-0.38%
LULU	C	-0.36%
STE	F	-0.36%
MKC	D	-0.34%
DRI	B	-0.31%
CLX	B	-0.3%
IDXX	F	-0.3%
MORN	B	-0.3%
EW	C	-0.29%
HOLX	D	-0.28%
MOS	F	-0.28%
IPG	D	-0.26%
HAS	D	-0.26%
NKE	D	-0.25%
PRI	A	-0.24%
MTN	C	-0.23%
DAR	C	-0.23%
EL	F	-0.22%
MSA	D	-0.22%
BFAM	D	-0.21%
MSI	B	-0.21%
TPR	B	-0.2%
DECK	A	-0.2%
FMC	D	-0.18%
SCI	B	-0.18%
DVA	B	-0.17%
FCN	D	-0.16%
MTG	C	-0.15%
AKAM	D	-0.14%
CNM	D	-0.14%
GAP	C	-0.11%
G	B	-0.11%
EA	A	-0.1%
CHD	B	-0.1%
RL	B	-0.09%
PLNT	A	-0.09%
GPC	D	-0.09%
TTEK	F	-0.09%
MAN	D	-0.08%
PODD	C	-0.08%
PCTY	B	-0.08%
BRX	A	-0.06%
RKT	F	-0.06%
HST	C	-0.05%
LITE	B	-0.05%
CIEN	B	-0.05%
RHI	B	-0.04%
ETSY	D	-0.03%
HXL	D	-0.03%