INRO vs. EFIV ETF Comparison

Comparison of BlackRock U.S. Industry Rotation ETF (INRO) to SPDR S&P 500 ESG ETF (EFIV)

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

EFIV

SPDR S&P 500 ESG ETF

EFIV Description

• Seeks to provide investment results that, before fees and expenses, correspond generally to the S&P 500 ESG Index • EFIV is designed to track an index that is designed to select S&P 500 firms meeting certain sustainability criteria (criteria related to environmental, social and governance factors) while maintaining similar overall industry group weights as the S&P 500 Index • EFIV may serve as a potential ESG core exposure, based on its focus on sustainability criteria and comprehensive market coverage of the flagship core S&P 500 Index

Grade (RS Rating)

Last Trade

$57.77

Average Daily Volume

109,257

Number of Holdings ^*

313

* may have additional holdings in another (foreign) market

Performance

Period	INRO	EFIV
30 Days	5.09%	2.81%
60 Days	6.25%	4.79%
90 Days	7.10%	5.59%
12 Months		30.64%

212 Overlapping Holdings

Symbol	Grade	Weight in INRO	Weight in EFIV	Overlap
A	D	0.05%	0.11%	0.05%
AAPL	C	5.76%	9.53%	5.76%
ABBV	D	0.39%	0.84%	0.39%
ACGL	D	0.05%	0.11%	0.05%
ACN	C	0.07%	0.65%	0.07%
ADBE	C	0.32%	0.66%	0.32%
ADP	B	0.29%	0.35%	0.29%
ADSK	A	0.09%	0.19%	0.09%
AFL	B	0.09%	0.16%	0.09%
AIG	B	0.09%	0.14%	0.09%
AIZ	A	0.02%	0.03%	0.02%
AJG	B	0.1%	0.18%	0.1%
ALL	A	0.08%	0.15%	0.08%
ALLE	D	0.08%	0.03%	0.03%
AMAT	F	0.3%	0.42%	0.3%
AMCR	D	0.07%	0.04%	0.04%
AMD	F	0.47%	0.63%	0.47%
AME	A	0.15%	0.13%	0.13%
AMGN	D	0.2%	0.45%	0.2%
AMP	A	0.19%	0.15%	0.15%
AMT	D	0.11%	0.25%	0.11%
AON	A	0.11%	0.23%	0.11%
APD	A	0.01%	0.19%	0.01%
ARE	D	0.04%	0.05%	0.04%
AVB	B	0.01%	0.09%	0.01%
AVY	D	0.07%	0.05%	0.05%
AXON	A	0.02%	0.12%	0.02%
AXP	A	1.14%	0.45%	0.45%
BAC	A	0.81%	0.86%	0.81%
BALL	D	0.08%	0.05%	0.05%
BBY	D	0.05%	0.05%	0.05%
BEN	C	0.03%	0.02%	0.02%
BIIB	F	0.03%	0.07%	0.03%
BK	A	0.11%	0.16%	0.11%
BKR	B	0.07%	0.12%	0.07%
BMY	B	0.11%	0.33%	0.11%
BR	A	0.08%	0.07%	0.07%
BXP	D	1.35%	0.03%	0.03%
C	A	0.34%	0.37%	0.34%
CARR	D	0.42%	0.18%	0.18%
CAT	B	0.35%	0.52%	0.35%
CB	C	0.17%	0.3%	0.17%
CBOE	B	0.04%	0.06%	0.04%
CBRE	B	0.87%	0.11%	0.11%
CFG	B	0.06%	0.06%	0.06%
CHRW	C	0.0%	0.04%	0.0%
CME	A	0.3%	0.23%	0.23%
CMI	A	0.1%	0.14%	0.1%
COF	B	0.48%	0.2%	0.2%
COST	B	0.47%	1.15%	0.47%
CRL	C	0.01%	0.03%	0.01%
CRM	B	0.45%	0.92%	0.45%
CSGP	D	0.63%	0.09%	0.09%
CSX	B	0.25%	0.2%	0.2%
CTAS	B	0.34%	0.21%	0.21%
CTVA	C	0.01%	0.11%	0.01%
CVX	A	0.5%	0.75%	0.5%
DAL	C	0.03%	0.12%	0.03%
DAY	B	0.03%	0.03%	0.03%
DE	A	0.2%	0.28%	0.2%
DFS	B	0.29%	0.12%	0.12%
DHI	D	0.33%	0.13%	0.13%
DHR	F	0.19%	0.43%	0.19%
DLR	B	0.07%	0.15%	0.07%
DOC	D	0.03%	0.04%	0.03%
DOV	A	0.05%	0.08%	0.05%
DOW	F	0.01%	0.09%	0.01%
DVN	F	0.04%	0.07%	0.04%
EBAY	D	0.02%	0.08%	0.02%
ECL	D	0.0%	0.18%	0.0%
EG	C	0.03%	0.04%	0.03%
EIX	B	0.21%	0.09%	0.09%
EMR	A	0.24%	0.21%	0.21%
EQIX	A	0.1%	0.24%	0.1%
EQR	B	0.01%	0.07%	0.01%
EQT	B	0.04%	0.07%	0.04%
ES	D	0.14%	0.06%	0.06%
ETN	A	0.48%	0.41%	0.41%
ETR	B	0.2%	0.09%	0.09%
EXC	C	0.25%	0.11%	0.11%
EXR	D	0.04%	0.1%	0.04%
FANG	D	0.06%	0.09%	0.06%
FCX	D	0.12%	0.17%	0.12%
FDS	B	0.08%	0.05%	0.05%
FI	A	0.01%	0.34%	0.01%
FIS	C	0.01%	0.14%	0.01%
FITB	A	0.08%	0.09%	0.08%
FTV	C	0.05%	0.07%	0.05%
GE	D	0.08%	0.55%	0.08%
GILD	C	0.14%	0.32%	0.14%
GM	B	0.09%	0.18%	0.09%
GOOG	C	2.72%	2.42%	2.42%
GOOGL	C	3.13%	2.92%	2.92%
GS	A	0.64%	0.52%	0.52%
GWW	B	0.44%	0.15%	0.15%
HAL	C	0.04%	0.07%	0.04%
HBAN	A	0.07%	0.07%	0.07%
HD	A	1.17%	1.13%	1.13%
HES	B	0.07%	0.11%	0.07%
HIG	B	0.05%	0.1%	0.05%
HPE	B	0.05%	0.08%	0.05%
HPQ	B	0.06%	0.1%	0.06%
HUBB	B	0.08%	0.07%	0.07%
ICE	C	0.33%	0.25%	0.25%
IEX	B	0.03%	0.05%	0.03%
INCY	C	0.02%	0.04%	0.02%
INTC	D	0.22%	0.3%	0.22%
IR	B	0.08%	0.12%	0.08%
IRM	D	0.04%	0.09%	0.04%
ITW	B	0.15%	0.21%	0.15%
JBHT	C	0.06%	0.04%	0.04%
JCI	C	0.39%	0.16%	0.16%
JPM	A	1.74%	1.91%	1.74%
KEY	B	0.05%	0.05%	0.05%
KLAC	D	0.17%	0.24%	0.17%
KMI	A	0.1%	0.14%	0.1%
KMX	B	0.03%	0.03%	0.03%
KR	B	0.05%	0.11%	0.05%
LIN	D	0.03%	0.61%	0.03%
LLY	F	0.57%	1.79%	0.57%
LOW	D	0.43%	0.43%	0.43%
LRCX	F	0.19%	0.27%	0.19%
LYB	F	0.0%	0.06%	0.0%
MA	C	0.04%	1.2%	0.04%
MAS	D	0.12%	0.05%	0.05%
MCO	B	0.28%	0.21%	0.21%
MET	A	0.08%	0.13%	0.08%
MKTX	D	0.04%	0.03%	0.03%
MMC	B	0.16%	0.31%	0.16%
MPC	D	0.1%	0.15%	0.1%
MRK	F	0.24%	0.7%	0.24%
MRNA	F	0.02%	0.04%	0.02%
MS	A	0.55%	0.46%	0.46%
MSCI	C	0.16%	0.14%	0.14%
MSFT	F	4.24%	8.8%	4.24%
MTB	A	0.09%	0.1%	0.09%
MTD	D	0.03%	0.07%	0.03%
MU	D	0.23%	0.31%	0.23%
NDAQ	A	0.14%	0.09%	0.09%
NEE	D	0.97%	0.42%	0.42%
NEM	D	0.11%	0.13%	0.11%
NSC	B	0.22%	0.17%	0.17%
NTRS	A	0.1%	0.06%	0.06%
NVDA	C	7.62%	10.02%	7.62%
OKE	A	0.12%	0.18%	0.12%
ON	D	0.06%	0.08%	0.06%
OTIS	C	0.08%	0.11%	0.08%
OXY	D	0.06%	0.1%	0.06%
PAYX	C	0.11%	0.13%	0.11%
PCAR	B	0.11%	0.17%	0.11%
PFG	D	0.04%	0.05%	0.04%
PH	A	0.17%	0.25%	0.17%
PHM	D	0.18%	0.07%	0.07%
PNC	B	0.21%	0.23%	0.21%
PNR	A	0.04%	0.05%	0.04%
PRU	A	0.07%	0.12%	0.07%
PSA	D	0.07%	0.15%	0.07%
PSX	C	0.1%	0.15%	0.1%
PWR	A	0.37%	0.13%	0.13%
PYPL	B	0.01%	0.25%	0.01%
QCOM	F	0.39%	0.5%	0.39%
REGN	F	0.11%	0.24%	0.11%
RF	A	0.07%	0.07%	0.07%
RJF	A	0.13%	0.08%	0.08%
ROK	B	0.1%	0.09%	0.09%
ROST	C	0.14%	0.13%	0.13%
RSG	A	0.2%	0.12%	0.12%
RVTY	F	0.02%	0.04%	0.02%
SBAC	D	0.03%	0.06%	0.03%
SCHW	B	0.41%	0.33%	0.33%
SHW	A	0.01%	0.25%	0.01%
SLB	C	0.09%	0.17%	0.09%
SPGI	C	0.55%	0.45%	0.45%
STT	A	0.05%	0.08%	0.05%
SW	A	0.13%	0.07%	0.07%
SWK	D	0.03%	0.04%	0.03%
SYF	B	0.18%	0.07%	0.07%
SYY	B	0.04%	0.11%	0.04%
TFC	A	0.17%	0.17%	0.17%
TGT	F	0.08%	0.2%	0.08%
TJX	A	0.39%	0.38%	0.38%
TMUS	B	4.56%	0.33%	0.33%
TRGP	B	0.08%	0.12%	0.08%
TROW	B	0.05%	0.07%	0.05%
TRV	B	0.09%	0.16%	0.09%
TSCO	D	0.09%	0.08%	0.08%
TSLA	B	1.32%	2.55%	1.32%
TT	A	0.65%	0.26%	0.26%
UBER	D	0.49%	0.42%	0.42%
ULTA	F	0.05%	0.05%	0.05%
UNH	C	0.01%	1.56%	0.01%
UNP	C	0.54%	0.41%	0.41%
UPS	C	0.04%	0.27%	0.04%
URI	B	0.47%	0.16%	0.16%
USB	A	0.2%	0.22%	0.2%
V	A	0.04%	1.44%	0.04%
VLO	C	0.08%	0.12%	0.08%
VRSK	A	0.09%	0.11%	0.09%
VTR	C	0.06%	0.07%	0.06%
WAB	B	0.07%	0.1%	0.07%
WAT	B	0.03%	0.06%	0.03%
WBA	F	0.0%	0.02%	0.0%
WDC	D	0.04%	0.06%	0.04%
WELL	A	0.18%	0.22%	0.18%
WM	A	0.37%	0.23%	0.23%
WMB	A	0.13%	0.19%	0.13%
WMT	A	0.45%	1.03%	0.45%
WTW	B	0.05%	0.09%	0.05%
WY	D	0.03%	0.06%	0.03%
XOM	B	0.95%	1.5%	0.95%
XYL	D	0.06%	0.08%	0.06%
ZTS	D	0.08%	0.22%	0.08%

INRO Overweight 217 Positions Relative to EFIV

Symbol	Grade	Weight
META	D	3.68%
HON	B	1.6%
AVGO	D	1.54%
AMZN	C	1.47%
PM	B	0.87%
MMM	D	0.76%
WFC	A	0.64%
SO	D	0.6%
VMC	B	0.59%
MLM	B	0.57%
DUK	C	0.54%
BX	A	0.45%
ORCL	B	0.45%
CEG	D	0.45%
MO	A	0.41%
FAST	B	0.4%
TXN	C	0.39%
JNJ	D	0.37%
AEP	D	0.32%
KKR	A	0.31%
GEV	B	0.31%
NOW	A	0.3%
LEN	D	0.28%
INTU	C	0.26%
PCG	A	0.26%
Z	A	0.25%
XEL	A	0.24%
COP	C	0.24%
TMO	F	0.24%
PGR	A	0.23%
GRMN	B	0.22%
ADI	D	0.22%
WCN	A	0.21%
ORLY	B	0.21%
CPRT	A	0.21%
NVR	D	0.21%
COIN	C	0.2%
VST	B	0.19%
EME	C	0.19%
APH	A	0.19%
PANW	C	0.18%
PLTR	B	0.18%
ODFL	B	0.16%
WSO	A	0.16%
VRT	B	0.16%
MRVL	B	0.16%
EOG	A	0.15%
FE	C	0.15%
AZO	C	0.15%
VRTX	F	0.15%
BLDR	D	0.15%
PFE	D	0.14%
LII	A	0.14%
CSL	C	0.14%
OC	A	0.12%
SNPS	B	0.12%
CDNS	B	0.12%
CRWD	B	0.12%
NXPI	D	0.12%
ARES	A	0.12%
NRG	B	0.12%
EVRG	A	0.11%
LNT	A	0.11%
VLTO	D	0.11%
ACM	A	0.11%
APP	B	0.1%
PKG	A	0.1%
MSTR	C	0.1%
GLW	B	0.09%
IP	B	0.09%
LNG	B	0.09%
ROP	B	0.09%
MCHP	D	0.08%
EFX	F	0.08%
LPLA	A	0.08%
FICO	B	0.08%
FTNT	C	0.08%
WDAY	B	0.08%
DELL	C	0.07%
MELI	D	0.07%
CCI	D	0.06%
DDOG	A	0.06%
KEYS	A	0.06%
HOOD	B	0.06%
MPWR	F	0.06%
AOS	F	0.06%
TEAM	A	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%
IQV	D	0.05%
LMT	D	0.05%
PPL	B	0.05%
ANSS	B	0.05%
HUBS	A	0.05%
ATO	A	0.05%
LDOS	C	0.05%
CG	A	0.05%
CCK	C	0.05%
BURL	A	0.05%
TPL	A	0.05%
CDW	F	0.05%
WSM	B	0.05%
FCNCA	A	0.05%
PINS	D	0.05%
VICI	C	0.05%
SNA	A	0.04%
PTC	A	0.04%
TRMB	B	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%
FSLR	F	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%
PSTG	D	0.03%
ZS	C	0.03%
PAYC	B	0.03%
SWKS	F	0.03%
ILMN	D	0.03%
NDSN	B	0.03%
GD	F	0.03%
CTRA	B	0.03%
WST	C	0.03%
WRB	A	0.03%
NOC	D	0.03%
L	A	0.03%
TDG	D	0.03%
GGG	B	0.03%
ENTG	D	0.03%
SNAP	C	0.03%
JBL	B	0.03%
ZM	B	0.03%
TER	D	0.03%
AES	F	0.03%
SSNC	B	0.03%
STX	D	0.03%
DKS	C	0.03%
KNX	B	0.03%
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%
AVTR	F	0.02%
ALLY	C	0.02%
HWM	A	0.02%
AFG	A	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%
SUI	D	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%
VRSN	F	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%
TWLO	A	0.01%
BIO	D	0.01%
NET	B	0.01%
APO	B	0.01%
CTLT	B	0.01%
DD	D	0.01%
APA	D	0.01%
RIVN	F	0.01%
DLTR	F	0.01%
EXAS	D	0.01%
NUE	C	0.01%
SNOW	C	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%
HII	D	0.0%
FNF	B	0.0%
HEI	B	0.0%
EXPD	D	0.0%

INRO Underweight 101 Positions Relative to EFIV

Symbol	Grade	Weight
PG	A	-1.09%
KO	D	-0.68%
CSCO	B	-0.66%
PEP	F	-0.63%
MCD	D	-0.59%
ABT	B	-0.56%
DIS	B	-0.52%
CMCSA	B	-0.47%
T	A	-0.45%
BLK	C	-0.4%
SYK	C	-0.37%
BSX	B	-0.36%
SBUX	A	-0.32%
MDT	D	-0.31%
PLD	D	-0.3%
ELV	F	-0.27%
NKE	D	-0.26%
CI	F	-0.26%
MDLZ	F	-0.25%
CMG	B	-0.23%
CL	D	-0.21%
BDX	F	-0.19%
MAR	B	-0.19%
CVS	D	-0.19%
HLT	A	-0.17%
SRE	A	-0.16%
RCL	A	-0.15%
PEG	A	-0.12%
COR	B	-0.12%
KDP	D	-0.11%
YUM	B	-0.11%
EA	A	-0.11%
EW	C	-0.11%
RMD	C	-0.1%
HUM	C	-0.1%
IDXX	F	-0.1%
GIS	D	-0.1%
LULU	C	-0.1%
CNC	D	-0.09%
CAH	B	-0.09%
ED	D	-0.09%
DECK	A	-0.08%
HSY	F	-0.08%
KHC	F	-0.08%
PPG	F	-0.08%
TTWO	A	-0.08%
GPN	B	-0.08%
CCL	B	-0.07%
ADM	D	-0.07%
AWK	D	-0.07%
CPAY	A	-0.07%
OMC	C	-0.06%
K	A	-0.06%
ZBH	C	-0.06%
EXPE	B	-0.06%
IFF	D	-0.06%
KIM	A	-0.05%
BAX	D	-0.05%
GPC	D	-0.05%
LVS	C	-0.05%
TSN	B	-0.05%
DGX	A	-0.05%
HOLX	D	-0.05%
MKC	D	-0.05%
JKHY	D	-0.04%
ALB	C	-0.04%
POOL	C	-0.04%
CAG	D	-0.04%
AKAM	D	-0.04%
UDR	B	-0.04%
EL	F	-0.04%
APTV	D	-0.04%
CF	B	-0.04%
TFX	F	-0.03%
GL	B	-0.03%
LKQ	D	-0.03%
NWSA	B	-0.03%
IPG	D	-0.03%
TAP	C	-0.03%
LW	C	-0.03%
SJM	D	-0.03%
TPR	B	-0.03%
NCLH	B	-0.03%
REG	B	-0.03%
HST	C	-0.03%
PARA	C	-0.02%
FMC	D	-0.02%
DVA	B	-0.02%
MHK	D	-0.02%
BWA	D	-0.02%
IVZ	B	-0.02%
WYNN	D	-0.02%
RL	B	-0.02%
HAS	D	-0.02%
MOS	F	-0.02%
CZR	F	-0.02%
FRT	B	-0.02%
CPB	D	-0.02%
MGM	D	-0.02%
HRL	D	-0.02%
NWS	B	-0.01%