INRO vs. NWLG ETF Comparison

Comparison of BlackRock U.S. Industry Rotation ETF (INRO) to Nuveen Winslow Large-Cap Growth ESG ETF (NWLG)

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

NWLG

Nuveen Winslow Large-Cap Growth ESG ETF

NWLG Description

The investment seeks to provide long-term capital appreciation. The fund invests primarily in exchange-traded equity securities of large-cap U.S. companies that exhibit ESG characteristics. It invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in exchange-traded equity securities of companies with large capitalizations at the time of purchase. The fund may invest up to 20% of its net assets in non-U.S. equity securities listed on a foreign exchange that trade on such exchange contemporaneously with the shares of the fund.

Grade (RS Rating)

Last Trade

$33.65

Average Daily Volume

821

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	INRO	NWLG
30 Days	5.09%	3.69%
60 Days	6.25%	5.11%
90 Days	7.10%	6.29%
12 Months		36.57%

31 Overlapping Holdings

Symbol	Grade	Weight in INRO	Weight in NWLG	Overlap
AAPL	C	5.76%	5.8%	5.76%
ADBE	C	0.32%	0.81%	0.32%
ALNY	D	0.04%	0.85%	0.04%
AMD	F	0.47%	1.28%	0.47%
AMZN	C	1.47%	8.8%	1.47%
APH	A	0.19%	1.15%	0.19%
AVGO	D	1.54%	2.73%	1.54%
ECL	D	0.0%	0.96%	0.0%
FI	A	0.01%	1.14%	0.01%
FICO	B	0.08%	1.81%	0.08%
GE	D	0.08%	1.85%	0.08%
GOOG	C	2.72%	2.8%	2.72%
GOOGL	C	3.13%	3.26%	3.13%
INTU	C	0.26%	2.1%	0.26%
KKR	A	0.31%	2.07%	0.31%
LLY	F	0.57%	1.89%	0.57%
LRCX	F	0.19%	1.27%	0.19%
MA	C	0.04%	2.79%	0.04%
MELI	D	0.07%	1.91%	0.07%
MSFT	F	4.24%	12.09%	4.24%
NOW	A	0.3%	1.92%	0.3%
NVDA	C	7.62%	9.85%	7.62%
ORCL	B	0.45%	2.06%	0.45%
ORLY	B	0.21%	1.2%	0.21%
SNPS	B	0.12%	0.99%	0.12%
TT	A	0.65%	2.84%	0.65%
TXN	C	0.39%	1.12%	0.39%
UBER	D	0.49%	0.5%	0.49%
VMC	B	0.59%	0.96%	0.59%
WCN	A	0.21%	0.9%	0.21%
WDAY	B	0.08%	2.31%	0.08%

INRO Overweight 398 Positions Relative to NWLG

Symbol	Grade	Weight
TMUS	B	4.56%
META	D	3.68%
JPM	A	1.74%
HON	B	1.6%
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%
GS	A	0.64%
WFC	A	0.64%
CSGP	D	0.63%
SO	D	0.6%
MLM	B	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%
BX	A	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%
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%
AEP	D	0.32%
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%
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%
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%
AMP	A	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%
CDNS	B	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%
REGN	F	0.11%
PAYX	C	0.11%
LNT	A	0.11%
VLTO	D	0.11%
BK	A	0.11%
PCAR	B	0.11%
AMT	D	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%
ALL	A	0.08%
TGT	F	0.08%
FITB	A	0.08%
VLO	C	0.08%
ALLE	D	0.08%
FTNT	C	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%
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%
ON	D	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%
PINS	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%
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%
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%
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%
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%
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%
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%
TWLO	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%
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%
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%
EXPD	D	0.0%

INRO Underweight 11 Positions Relative to NWLG

Symbol	Grade	Weight
SPOT	B	-2.61%
ISRG	A	-2.42%
BKNG	A	-2.04%
NFLX	A	-2.02%
CMG	B	-1.6%
SHOP	B	-1.44%
ANET	C	-1.4%
SYK	C	-1.2%
ASML	F	-1.2%
HLT	A	-1.04%
BSX	B	-0.99%