INRO vs. FDWM ETF Comparison

Comparison of BlackRock U.S. Industry Rotation ETF (INRO) to Fidelity Women's Leadership ETF (FDWM)

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

$28.53

Average Daily Volume

3,298

Number of Holdings ^*

429

* may have additional holdings in another (foreign) market

FDWM

Fidelity Women's Leadership ETF

FDWM Description

The investment seeks long-term growth of capital. The Advisor normally invests at least 80% of assets in equity securities of companies that prioritize and advance women's leadership and development. The Adviser may invest the fund's assets in securities of foreign issuers in addition to securities of domestic issuers. The fund may invest a significant percentage of its assets in relatively few companies and may invest up to 25% in a single company. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$23.92

Average Daily Volume

238

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	INRO	FDWM
30 Days	4.43%	3.67%
60 Days	5.95%	2.67%
90 Days	8.13%	5.51%
12 Months		25.79%

54 Overlapping Holdings

Symbol	Grade	Weight in INRO	Weight in FDWM	Overlap
AAPL	B	5.76%	4.35%	4.35%
ACN	B	0.07%	2.03%	0.07%
ADBE	C	0.32%	1.32%	0.32%
ALNY	D	0.04%	1.0%	0.04%
AMD	F	0.47%	1.19%	0.47%
AMZN	C	1.47%	2.56%	1.47%
BAC	A	0.81%	1.11%	0.81%
BALL	D	0.08%	0.69%	0.08%
BBY	D	0.05%	0.61%	0.05%
BKR	C	0.07%	1.04%	0.07%
C	A	0.34%	0.98%	0.34%
CDW	F	0.05%	1.23%	0.05%
CRM	B	0.45%	1.62%	0.45%
DE	B	0.2%	0.92%	0.2%
DELL	C	0.07%	0.53%	0.07%
EQT	B	0.04%	0.52%	0.04%
ETN	A	0.48%	0.94%	0.48%
EXAS	F	0.01%	0.61%	0.01%
FIS	D	0.01%	0.82%	0.01%
FSLR	F	0.04%	0.98%	0.04%
GEN	A	0.02%	0.93%	0.02%
GEV	C	0.31%	0.96%	0.31%
GOOG	C	2.72%	2.61%	2.61%
HBAN	B	0.07%	0.65%	0.07%
HIG	B	0.05%	1.04%	0.05%
HUBS	B	0.05%	1.21%	0.05%
INTU	C	0.26%	0.85%	0.26%
JPM	B	1.74%	1.5%	1.5%
LDOS	D	0.05%	0.94%	0.05%
LOW	C	0.43%	0.54%	0.43%
MA	B	0.04%	1.09%	0.04%
MMC	A	0.16%	0.93%	0.16%
MRK	F	0.24%	0.68%	0.24%
MRVL	B	0.16%	1.08%	0.16%
MSFT	D	4.24%	3.66%	3.66%
MU	D	0.23%	0.87%	0.23%
NDAQ	A	0.14%	0.95%	0.14%
NEE	D	0.97%	1.0%	0.97%
NVDA	C	7.62%	3.24%	3.24%
NXPI	D	0.12%	1.16%	0.12%
OTIS	C	0.08%	0.71%	0.08%
OXY	F	0.06%	0.55%	0.06%
PGR	A	0.23%	1.73%	0.23%
PH	A	0.17%	0.87%	0.17%
PINS	F	0.05%	0.55%	0.05%
PSA	C	0.07%	0.75%	0.07%
ULTA	F	0.05%	0.94%	0.05%
UPS	C	0.04%	0.77%	0.04%
USB	A	0.2%	0.56%	0.2%
VLTO	C	0.11%	0.42%	0.11%
VRTX	D	0.15%	0.59%	0.15%
VTR	D	0.06%	1.16%	0.06%
WSM	B	0.05%	1.4%	0.05%
ZTS	D	0.08%	0.78%	0.08%

INRO Overweight 375 Positions Relative to FDWM

Symbol	Grade	Weight
TMUS	A	4.56%
META	D	3.68%
GOOGL	C	3.13%
HON	B	1.6%
AVGO	D	1.54%
BXP	D	1.35%
TSLA	B	1.32%
HD	A	1.17%
AXP	A	1.14%
XOM	C	0.95%
CBRE	B	0.87%
PM	B	0.87%
MMM	D	0.76%
TT	B	0.65%
GS	B	0.64%
WFC	A	0.64%
CSGP	C	0.63%
SO	D	0.6%
VMC	B	0.59%
MLM	B	0.57%
LLY	F	0.57%
MS	B	0.55%
SPGI	C	0.55%
UNP	C	0.54%
DUK	C	0.54%
CVX	B	0.5%
UBER	D	0.49%
COF	B	0.48%
URI	B	0.47%
COST	B	0.47%
BX	B	0.45%
ORCL	C	0.45%
CEG	D	0.45%
WMT	B	0.45%
GWW	A	0.44%
CARR	C	0.42%
SCHW	A	0.41%
MO	A	0.41%
FAST	B	0.4%
TXN	D	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%
ICE	D	0.33%
DHI	D	0.33%
AEP	D	0.32%
KKR	B	0.31%
AMAT	F	0.3%
CME	A	0.3%
NOW	B	0.3%
ADP	B	0.29%
DFS	B	0.29%
LEN	C	0.28%
MCO	A	0.28%
PCG	B	0.26%
EXC	D	0.25%
CSX	B	0.25%
Z	B	0.25%
XEL	A	0.24%
EMR	A	0.24%
COP	D	0.24%
TMO	F	0.24%
GRMN	A	0.22%
INTC	C	0.22%
NSC	A	0.22%
ADI	D	0.22%
WCN	A	0.21%
ORLY	B	0.21%
PNC	A	0.21%
CPRT	A	0.21%
EIX	A	0.21%
NVR	D	0.21%
AMGN	D	0.2%
RSG	A	0.2%
COIN	B	0.2%
ETR	B	0.2%
VST	B	0.19%
EME	B	0.19%
APH	B	0.19%
AMP	B	0.19%
LRCX	F	0.19%
DHR	D	0.19%
SYF	A	0.18%
PANW	C	0.18%
WELL	C	0.18%
PLTR	B	0.18%
PHM	C	0.18%
TFC	B	0.17%
CB	D	0.17%
KLAC	F	0.17%
ODFL	B	0.16%
WSO	A	0.16%
MSCI	C	0.16%
VRT	B	0.16%
EOG	C	0.15%
AME	A	0.15%
FE	D	0.15%
AZO	C	0.15%
BLDR	C	0.15%
ITW	A	0.15%
ROST	C	0.14%
ES	D	0.14%
PFE	D	0.14%
LII	A	0.14%
CSL	B	0.14%
GILD	B	0.14%
WMB	B	0.13%
RJF	A	0.13%
SW	B	0.13%
FCX	F	0.12%
MAS	C	0.12%
OC	B	0.12%
SNPS	B	0.12%
CDNS	B	0.12%
CRWD	B	0.12%
OKE	C	0.12%
ARES	B	0.12%
NRG	C	0.12%
EVRG	A	0.11%
REGN	F	0.11%
PAYX	B	0.11%
LNT	A	0.11%
BK	A	0.11%
PCAR	B	0.11%
AMT	D	0.11%
AON	A	0.11%
NEM	F	0.11%
ACM	A	0.11%
BMY	B	0.11%
APP	B	0.1%
AJG	A	0.1%
CMI	A	0.1%
PKG	B	0.1%
KMI	B	0.1%
PSX	C	0.1%
MPC	F	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	C	0.09%
IP	B	0.09%
AIG	B	0.09%
LNG	B	0.09%
MTB	B	0.09%
AFL	B	0.09%
ROP	B	0.09%
TRV	B	0.09%
VRSK	A	0.09%
SLB	C	0.09%
ADSK	B	0.09%
MCHP	F	0.08%
BR	A	0.08%
TRGP	B	0.08%
EFX	D	0.08%
HUBB	B	0.08%
LPLA	B	0.08%
MET	A	0.08%
IR	A	0.08%
FDS	B	0.08%
GE	D	0.08%
ALL	B	0.08%
TGT	F	0.08%
FITB	B	0.08%
FICO	B	0.08%
VLO	C	0.08%
ALLE	D	0.08%
FTNT	C	0.08%
WDAY	C	0.08%
WAB	B	0.07%
RF	B	0.07%
MELI	C	0.07%
PRU	A	0.07%
AMCR	D	0.07%
HES	C	0.07%
DLR	A	0.07%
AVY	D	0.07%
CCI	D	0.06%
CFG	B	0.06%
JBHT	C	0.06%
DDOG	A	0.06%
XYL	D	0.06%
KEYS	B	0.06%
ON	C	0.06%
HOOD	B	0.06%
MPWR	F	0.06%
AOS	D	0.06%
TEAM	B	0.06%
FANG	F	0.06%
BRK.A	B	0.06%
F	C	0.06%
ROL	B	0.06%
HPQ	B	0.06%
FBIN	D	0.06%
RTX	D	0.06%
TW	B	0.06%
IBM	C	0.06%
IQV	F	0.05%
KR	A	0.05%
WTW	B	0.05%
LMT	D	0.05%
A	D	0.05%
PPL	B	0.05%
ANSS	B	0.05%
ATO	A	0.05%
HPE	B	0.05%
CG	B	0.05%
CCK	D	0.05%
FTV	B	0.05%
TROW	A	0.05%
BURL	B	0.05%
TPL	B	0.05%
FCNCA	B	0.05%
KEY	A	0.05%
DOV	A	0.05%
VICI	C	0.05%
ACGL	D	0.05%
STT	A	0.05%
PNR	B	0.04%
SNA	A	0.04%
PTC	A	0.04%
ARE	D	0.04%
WDC	C	0.04%
TRMB	B	0.04%
BRO	B	0.04%
TYL	A	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%
PFG	C	0.04%
SYY	C	0.04%
IRM	C	0.04%
BA	D	0.04%
BAH	F	0.04%
ZBRA	A	0.04%
EXR	C	0.04%
NTAP	C	0.04%
TDY	B	0.04%
V	A	0.04%
TRU	D	0.04%
SMCI	D	0.03%
SWK	D	0.03%
MANH	C	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	A	0.03%
SWKS	F	0.03%
DAY	A	0.03%
ILMN	C	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	B	0.03%
BIIB	F	0.03%
DOC	C	0.03%
TDG	D	0.03%
WY	D	0.03%
GGG	B	0.03%
ENTG	D	0.03%
LIN	D	0.03%
SNAP	C	0.03%
JBL	C	0.03%
DAL	B	0.03%
ZM	B	0.03%
TER	F	0.03%
IEX	B	0.03%
AES	F	0.03%
SSNC	A	0.03%
BEN	C	0.03%
STX	D	0.03%
DKS	C	0.03%
MTD	F	0.03%
KMX	B	0.03%
KNX	B	0.03%
INCY	C	0.02%
IT	C	0.02%
BMRN	F	0.02%
NBIX	C	0.02%
LUV	B	0.02%
MRNA	F	0.02%
TTC	D	0.02%
DINO	F	0.02%
DG	F	0.02%
SEIC	A	0.02%
ERIE	D	0.02%
ENPH	F	0.02%
AXON	B	0.02%
AVTR	F	0.02%
AIZ	B	0.02%
ALLY	C	0.02%
HWM	B	0.02%
AFG	A	0.02%
RVTY	D	0.02%
UHAL	D	0.02%
IOT	B	0.02%
UTHR	C	0.02%
BBWI	C	0.02%
CNH	A	0.02%
LHX	C	0.02%
MTCH	F	0.02%
OVV	C	0.02%
FDX	B	0.02%
DOCU	A	0.02%
GLPI	B	0.02%
EBAY	C	0.02%
CPT	B	0.01%
CTVA	B	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	A	0.01%
EPAM	C	0.01%
VTRS	B	0.01%
TWLO	B	0.01%
BIO	D	0.01%
NET	B	0.01%
APO	A	0.01%
CTLT	B	0.01%
DD	D	0.01%
UNH	B	0.01%
APA	F	0.01%
RIVN	D	0.01%
EQR	B	0.01%
DLTR	D	0.01%
NUE	D	0.01%
SNOW	C	0.01%
CRL	C	0.01%
AVB	B	0.01%
FI	A	0.01%
QRVO	F	0.01%
TECH	C	0.01%
CHRD	F	0.01%
GDDY	B	0.01%
BSY	D	0.01%
CTSH	B	0.01%
LYB	F	0.0%
HII	F	0.0%
ECL	D	0.0%
CHRW	C	0.0%
FNF	B	0.0%
HEI	B	0.0%
WBA	D	0.0%
EXPD	C	0.0%

INRO Underweight 47 Positions Relative to FDWM

Symbol	Grade	Weight
DIS	B	-1.93%
HOLX	D	-1.76%
CI	D	-1.69%
ANET	C	-1.41%
CNC	F	-1.13%
PODD	B	-1.1%
WEX	F	-0.99%
ELV	F	-0.92%
TMHC	A	-0.92%
CLX	C	-0.83%
EL	F	-0.8%
CBT	C	-0.78%
HLT	A	-0.78%
NSIT	F	-0.76%
FSS	B	-0.74%
SAIC	F	-0.71%
RRX	A	-0.7%
GSK	F	-0.67%
AR	B	-0.66%
NFLX	B	-0.66%
ETSY	D	-0.64%
EMN	D	-0.62%
ICLR	F	-0.61%
CE	F	-0.57%
OLED	F	-0.57%
SUM	B	-0.57%
SBUX	B	-0.55%
NVT	B	-0.51%
TPR	A	-0.51%
ATI	D	-0.51%
HSY	F	-0.5%
BG	F	-0.47%
MAN	D	-0.47%
WRBY	B	-0.45%
MTN	C	-0.44%
NKE	F	-0.37%
RUN	F	-0.36%
AMN	F	-0.36%
ARCB	C	-0.34%
ZLAB	C	-0.31%
PD	C	-0.29%
ELF	C	-0.28%
GAP	C	-0.24%
RDUS	C	-0.24%
SEDG	F	-0.21%
MLKN	D	-0.2%
SAGE	F	-0.08%