INRO vs. PFF ETF Comparison

Comparison of BlackRock U.S. Industry Rotation ETF (INRO) to iShares US Preferred Stock ETF (PFF)

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

PFF

iShares US Preferred Stock ETF

PFF Description

The investment seeks to track the investment results of an index composed of U.S. preferred stocks. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the S&P U.S. Preferred Stock IndexTM (the "underlying index"), which measures the performance of a select group of preferred stocks listed on the New York Stock Exchange (" NYSE"), NYSE Arca, Inc. ("NYSE Arca"), NYSE Amex, NASDAQ Global Select Market, NASDAQ Select Market or NASDAQ Capital Market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$32.70

Average Daily Volume

3,780,916

Number of Holdings ^*

227

* may have additional holdings in another (foreign) market

Performance

Period	INRO	PFF
30 Days	5.09%	-0.29%
60 Days	6.25%	-1.26%
90 Days	7.10%	2.56%
12 Months		15.76%

42 Overlapping Holdings

Symbol	Grade	Weight in INRO	Weight in PFF	Overlap
ALL	A	0.08%	0.16%	0.08%
APO	B	0.01%	0.4%	0.01%
ARES	A	0.12%	1.0%	0.12%
BAC	A	0.81%	0.28%	0.28%
BAC	A	0.81%	0.06%	0.06%
C	A	0.34%	1.68%	0.34%
CFG	B	0.06%	0.24%	0.06%
CG	A	0.05%	0.24%	0.05%
COF	B	0.48%	0.06%	0.06%
CTVA	C	0.01%	0.08%	0.01%
DLR	B	0.07%	0.11%	0.07%
DUK	C	0.54%	0.62%	0.54%
EIX	B	0.21%	0.12%	0.12%
F	C	0.06%	0.37%	0.06%
FCNCA	A	0.05%	0.2%	0.05%
FITB	A	0.08%	0.12%	0.08%
GS	A	0.64%	0.12%	0.12%
HBAN	A	0.07%	0.1%	0.07%
HIG	B	0.05%	0.22%	0.05%
HPE	B	0.05%	1.13%	0.05%
JPM	A	1.74%	0.41%	0.41%
KEY	B	0.05%	0.25%	0.05%
KKR	A	0.31%	0.24%	0.24%
KMI	A	0.1%	0.13%	0.1%
MET	A	0.08%	0.37%	0.08%
MS	A	0.55%	0.25%	0.25%
MTB	A	0.09%	0.16%	0.09%
NEE	D	0.97%	1.08%	0.97%
NEE	D	0.97%	0.42%	0.42%
NTRS	A	0.1%	0.22%	0.1%
PCG	A	0.26%	0.07%	0.07%
PRU	A	0.07%	0.19%	0.07%
PSA	D	0.07%	0.07%	0.07%
RF	A	0.07%	0.19%	0.07%
SCHW	B	0.41%	0.31%	0.31%
SO	D	0.6%	0.37%	0.37%
STT	A	0.05%	0.31%	0.05%
SYF	B	0.18%	0.33%	0.18%
TFC	A	0.17%	0.1%	0.1%
USB	A	0.2%	0.21%	0.2%
WFC	A	0.64%	0.31%	0.31%
WRB	A	0.03%	0.12%	0.03%

INRO Overweight 389 Positions Relative to PFF

Symbol	Grade	Weight
NVDA	C	7.62%
AAPL	C	5.76%
TMUS	B	4.56%
MSFT	F	4.24%
META	D	3.68%
GOOGL	C	3.13%
GOOG	C	2.72%
HON	B	1.6%
AVGO	D	1.54%
AMZN	C	1.47%
BXP	D	1.35%
TSLA	B	1.32%
HD	A	1.17%
AXP	A	1.14%
XOM	B	0.95%
CBRE	B	0.87%
PM	B	0.87%
MMM	D	0.76%
TT	A	0.65%
CSGP	D	0.63%
VMC	B	0.59%
MLM	B	0.57%
LLY	F	0.57%
SPGI	C	0.55%
UNP	C	0.54%
CVX	A	0.5%
UBER	D	0.49%
ETN	A	0.48%
URI	B	0.47%
COST	B	0.47%
AMD	F	0.47%
BX	A	0.45%
ORCL	B	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%
MO	A	0.41%
FAST	B	0.4%
TXN	C	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	C	0.33%
DHI	D	0.33%
ADBE	C	0.32%
AEP	D	0.32%
GEV	B	0.31%
AMAT	F	0.3%
CME	A	0.3%
NOW	A	0.3%
ADP	B	0.29%
DFS	B	0.29%
LEN	D	0.28%
MCO	B	0.28%
INTU	C	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%
WCN	A	0.21%
ORLY	B	0.21%
PNC	B	0.21%
CPRT	A	0.21%
NVR	D	0.21%
DE	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%
APH	A	0.19%
AMP	A	0.19%
LRCX	F	0.19%
DHR	F	0.19%
PANW	C	0.18%
WELL	A	0.18%
PLTR	B	0.18%
PHM	D	0.18%
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%
SNPS	B	0.12%
CDNS	B	0.12%
CRWD	B	0.12%
NXPI	D	0.12%
OKE	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%
PSX	C	0.1%
MPC	D	0.1%
ROK	B	0.1%
EQIX	A	0.1%
MSTR	C	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%
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%
IR	B	0.08%
FDS	B	0.08%
GE	D	0.08%
TGT	F	0.08%
FICO	B	0.08%
VLO	C	0.08%
ALLE	D	0.08%
FTNT	C	0.08%
WDAY	B	0.08%
BALL	D	0.08%
BKR	B	0.07%
DELL	C	0.07%
WAB	B	0.07%
MELI	D	0.07%
AMCR	D	0.07%
HES	B	0.07%
AVY	D	0.07%
ACN	C	0.07%
CCI	D	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%
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%
LDOS	C	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%
BBY	D	0.05%
PINS	D	0.05%
DOV	A	0.05%
VICI	C	0.05%
ACGL	D	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%
ALNY	D	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%
MA	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%
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%
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%
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%
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%
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%
ECL	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 185 Positions Relative to PFF

Symbol	Grade	Weight
ALB	C	-1.35%
T	A	-0.88%
TBB	C	-0.79%
T	A	-0.64%
SOJD	F	-0.55%
TBC	C	-0.51%
SREA	D	-0.46%
RZC	C	-0.46%
CMSD	C	-0.38%
JXN	C	-0.37%
CHSCO	C	-0.36%
LNC	B	-0.35%
PRS	B	-0.35%
WCC	B	-0.35%
BTSG	C	-0.35%
CHSCL	C	-0.33%
BANC	A	-0.32%
GTLS	B	-0.32%
QRTEP	F	-0.32%
CTDD	C	-0.31%
DUKB	C	-0.31%
CHSCM	D	-0.31%
AXS	A	-0.31%
UZE	B	-0.29%
USM	B	-0.29%
FITBI	C	-0.29%
BPYPM	C	-0.28%
NLY	C	-0.27%
CHSCN	D	-0.27%
SOJC	D	-0.27%
TPG	A	-0.26%
PFH	F	-0.25%
RZB	C	-0.25%
TDS	B	-0.23%
PBI	B	-0.23%
DTW	D	-0.23%
FG	B	-0.23%
CHSCP	F	-0.22%
EAI	C	-0.22%
AGNCN	B	-0.21%
RLJ	C	-0.2%
ESGRP	D	-0.2%
UNMA	C	-0.19%
ATHS	C	-0.19%
ACGLO	C	-0.19%
VOYA	B	-0.19%
UMH	C	-0.18%
MGR	D	-0.18%
WTFCP	A	-0.18%
NGL	D	-0.18%
KREF	D	-0.17%
CMSC	C	-0.17%
TCBI	B	-0.16%
WAL	B	-0.16%
TVC	C	-0.15%
ELC	C	-0.15%
BHF	B	-0.15%
NRUC	D	-0.15%
NAVI	C	-0.15%
RNR	C	-0.15%
SR	A	-0.15%
GPJA	F	-0.15%
OZKAP	D	-0.15%
WAFD	B	-0.14%
FBRT	C	-0.14%
GL	B	-0.14%
AIZN	D	-0.14%
EQH	B	-0.14%
HPP	F	-0.14%
EMP	D	-0.14%
PNFP	B	-0.14%
AGNC	D	-0.14%
DBRG	F	-0.13%
SNV	B	-0.13%
DDT	B	-0.13%
NSA	D	-0.13%
TVE	C	-0.12%
SLMBP	C	-0.12%
VNO	B	-0.12%
SLG	B	-0.12%
CMSA	C	-0.12%
KIM	A	-0.12%
FCNCO	D	-0.12%
SFB	D	-0.12%
SITC	D	-0.11%
LBRDP	C	-0.11%
AUB	B	-0.11%
CMS	C	-0.11%
DTE	C	-0.11%
HWC	B	-0.11%
AFGC	C	-0.11%
NYMTM	B	-0.11%
SIGI	C	-0.1%
WSBC	A	-0.1%
TRTX	B	-0.1%
SPLP	D	-0.1%
FULT	A	-0.1%
AFGE	D	-0.1%
RITM	C	-0.1%
VLY	B	-0.1%
DHC	F	-0.1%
SF	B	-0.1%
CIM	D	-0.09%
AMG	B	-0.09%
KMPR	B	-0.09%
GPMT	C	-0.09%
CADE	B	-0.09%
ZIONO	D	-0.09%
ARR	D	-0.09%
AGNCL	B	-0.09%
AFGD	C	-0.09%
CION	C	-0.09%
AHH	D	-0.09%
BNRE.A	C	-0.09%
BOH	B	-0.08%
CFR	B	-0.08%
QVCD	D	-0.08%
ATLC	B	-0.08%
TWO	D	-0.08%
GAIN	C	-0.08%
AFGB	C	-0.08%
LANDO	B	-0.08%
BC	C	-0.08%
NYMTL	A	-0.08%
ARGD	C	-0.08%
CNO	A	-0.08%
FRT	B	-0.08%
WTFCM	B	-0.08%
MBIN	D	-0.08%
WBS	A	-0.08%
NYMTN	D	-0.08%
ADC	B	-0.08%
RILY	F	-0.07%
ACR	A	-0.07%
ENO	D	-0.07%
AMH	D	-0.07%
BPOPM	C	-0.07%
CLDT	B	-0.07%
IVR	F	-0.07%
FCRX	A	-0.07%
ABR	C	-0.07%
CTO	B	-0.07%
MHNC	D	-0.07%
FTAI	B	-0.07%
ONB	B	-0.07%
PMT	D	-0.07%
VLYPP	A	-0.07%
NEWT	B	-0.07%
MFA	D	-0.07%
HTLF	B	-0.07%
REG	B	-0.07%
NMFC	D	-0.07%
MSBI	B	-0.07%
DRH	B	-0.07%
EQC	B	-0.07%
TRIN	A	-0.07%
FHN	A	-0.07%
SNCR	F	-0.07%
DX	B	-0.07%
RILYN	C	-0.06%
BFS	C	-0.06%
PEB	D	-0.06%
LXP	D	-0.06%
CNOB	B	-0.06%
PSEC	D	-0.06%
CODI	B	-0.06%
VLYPO	B	-0.06%
EFC	C	-0.06%
EPR	D	-0.06%
GNL	F	-0.06%
BW	D	-0.06%
SAR	A	-0.06%
DCOMP	C	-0.06%
FATBP	D	-0.05%
MHLA	C	-0.05%
CIO	D	-0.05%
INN	D	-0.05%
SHO	C	-0.05%
FOSL	C	-0.05%
ASB	B	-0.05%
RC	D	-0.05%
SLNHP	C	-0.04%
OPI	F	-0.04%
BHR	B	-0.03%
XELAP	F	-0.0%