INRO vs. QHDG ETF Comparison

Comparison of BlackRock U.S. Industry Rotation ETF (INRO) to Innovator Hedged Nasdaq-100 ETF (QHDG)

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

QHDG

Innovator Hedged Nasdaq-100 ETF

QHDG Description

The fund is an actively managed ETF that, under normal market circumstances, seeks to provide capital appreciation through exposure to the constituents in the Nasdaq-100® Index while providing a level of downside or "hedged" protection. It will invest at least 80% of its net assets in equity securities and option contracts that provide economic exposure to the Nasdaq-100.

Grade (RS Rating)

Last Trade

$26.22

Average Daily Volume

8,106

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	INRO	QHDG
30 Days	5.09%	2.70%
60 Days	6.25%	4.21%
90 Days	7.10%	4.80%
12 Months

72 Overlapping Holdings

Symbol	Grade	Weight in INRO	Weight in QHDG	Overlap
AAPL	C	5.76%	8.51%	5.76%
ADBE	C	0.32%	1.45%	0.32%
ADI	D	0.22%	0.66%	0.22%
ADP	B	0.29%	0.78%	0.29%
ADSK	A	0.09%	0.41%	0.09%
AEP	D	0.32%	0.33%	0.32%
AMAT	F	0.3%	0.89%	0.3%
AMD	F	0.47%	1.41%	0.47%
AMGN	D	0.2%	0.97%	0.2%
AMZN	C	1.47%	5.29%	1.47%
ANSS	B	0.05%	0.19%	0.05%
AVGO	D	1.54%	4.91%	1.54%
BIIB	F	0.03%	0.15%	0.03%
BKR	B	0.07%	0.27%	0.07%
CDNS	B	0.12%	0.5%	0.12%
CDW	F	0.05%	0.16%	0.05%
CEG	D	0.45%	0.45%	0.45%
COST	B	0.47%	2.61%	0.47%
CPRT	A	0.21%	0.35%	0.21%
CRWD	B	0.12%	0.51%	0.12%
CSGP	D	0.63%	0.19%	0.19%
CSX	B	0.25%	0.44%	0.25%
CTAS	B	0.34%	0.56%	0.34%
CTSH	B	0.01%	0.25%	0.01%
DDOG	A	0.06%	0.25%	0.06%
DLTR	F	0.01%	0.09%	0.01%
EXC	C	0.25%	0.25%	0.25%
FANG	D	0.06%	0.33%	0.06%
FAST	B	0.4%	0.3%	0.3%
FTNT	C	0.08%	0.46%	0.08%
GILD	C	0.14%	0.71%	0.14%
GOOG	C	2.72%	2.41%	2.41%
GOOGL	C	3.13%	2.52%	2.52%
HON	B	1.6%	0.95%	0.95%
ILMN	D	0.03%	0.14%	0.03%
INTC	D	0.22%	0.67%	0.22%
INTU	C	0.26%	1.25%	0.26%
KLAC	D	0.17%	0.55%	0.17%
LIN	D	0.03%	1.38%	0.03%
LRCX	F	0.19%	0.58%	0.19%
MCHP	D	0.08%	0.21%	0.08%
MDB	C	0.01%	0.13%	0.01%
MELI	D	0.07%	0.6%	0.07%
META	D	3.68%	4.78%	3.68%
MRNA	F	0.02%	0.09%	0.02%
MRVL	B	0.16%	0.49%	0.16%
MSFT	F	4.24%	7.67%	4.24%
MU	D	0.23%	0.68%	0.23%
NVDA	C	7.62%	8.66%	7.62%
NXPI	D	0.12%	0.36%	0.12%
ODFL	B	0.16%	0.3%	0.16%
ON	D	0.06%	0.18%	0.06%
ORLY	B	0.21%	0.41%	0.21%
PANW	C	0.18%	0.82%	0.18%
PAYX	C	0.11%	0.33%	0.11%
PCAR	B	0.11%	0.38%	0.11%
PYPL	B	0.01%	0.57%	0.01%
QCOM	F	0.39%	1.15%	0.39%
REGN	F	0.11%	0.55%	0.11%
ROP	B	0.09%	0.36%	0.09%
ROST	C	0.14%	0.3%	0.14%
SMCI	F	0.03%	0.07%	0.03%
SNPS	B	0.12%	0.5%	0.12%
TEAM	A	0.06%	0.25%	0.06%
TMUS	B	4.56%	1.77%	1.77%
TSLA	B	1.32%	3.86%	1.32%
TXN	C	0.39%	1.18%	0.39%
VRSK	A	0.09%	0.26%	0.09%
VRTX	F	0.15%	0.78%	0.15%
WDAY	B	0.08%	0.36%	0.08%
XEL	A	0.24%	0.25%	0.24%
ZS	C	0.03%	0.19%	0.03%

INRO Overweight 357 Positions Relative to QHDG

Symbol	Grade	Weight
JPM	A	1.74%
BXP	D	1.35%
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%
TT	A	0.65%
GS	A	0.64%
WFC	A	0.64%
SO	D	0.6%
VMC	B	0.59%
MLM	B	0.57%
LLY	F	0.57%
MS	A	0.55%
SPGI	C	0.55%
UNP	C	0.54%
DUK	C	0.54%
CVX	A	0.5%
UBER	D	0.49%
ETN	A	0.48%
COF	B	0.48%
URI	B	0.47%
BX	A	0.45%
ORCL	B	0.45%
CRM	B	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%
ABBV	D	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%
C	A	0.34%
ICE	C	0.33%
DHI	D	0.33%
KKR	A	0.31%
GEV	B	0.31%
CME	A	0.3%
NOW	A	0.3%
DFS	B	0.29%
LEN	D	0.28%
MCO	B	0.28%
PCG	A	0.26%
Z	A	0.25%
MRK	F	0.24%
EMR	A	0.24%
COP	C	0.24%
TMO	F	0.24%
PGR	A	0.23%
GRMN	B	0.22%
NSC	B	0.22%
WCN	A	0.21%
PNC	B	0.21%
EIX	B	0.21%
NVR	D	0.21%
DE	A	0.2%
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%
DHR	F	0.19%
SYF	B	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%
WSO	A	0.16%
MMC	B	0.16%
MSCI	C	0.16%
VRT	B	0.16%
EOG	A	0.15%
AME	A	0.15%
FE	C	0.15%
AZO	C	0.15%
BLDR	D	0.15%
ITW	B	0.15%
NDAQ	A	0.14%
ES	D	0.14%
PFE	D	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%
OKE	A	0.12%
ARES	A	0.12%
NRG	B	0.12%
EVRG	A	0.11%
LNT	A	0.11%
VLTO	D	0.11%
BK	A	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%
TRV	B	0.09%
SLB	C	0.09%
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%
GE	D	0.08%
ALL	A	0.08%
TGT	F	0.08%
FITB	A	0.08%
FICO	B	0.08%
VLO	C	0.08%
ALLE	D	0.08%
BALL	D	0.08%
PSA	D	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%
XYL	D	0.06%
VTR	C	0.06%
KEYS	A	0.06%
HOOD	B	0.06%
MPWR	F	0.06%
AOS	F	0.06%
OXY	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%
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%
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%
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%
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%
PAYC	B	0.03%
SWKS	F	0.03%
DAY	B	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%
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%
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%
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%
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%
UNH	C	0.01%
APA	D	0.01%
RIVN	F	0.01%
EQR	B	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%
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 29 Positions Relative to QHDG

Symbol	Grade	Weight
NFLX	A	-2.27%
CSCO	B	-1.49%
PEP	F	-1.4%
ISRG	A	-1.21%
CMCSA	B	-1.06%
BKNG	A	-0.98%
SBUX	A	-0.72%
MDLZ	F	-0.55%
MAR	B	-0.51%
PDD	F	-0.49%
DASH	A	-0.42%
ASML	F	-0.4%
ABNB	C	-0.37%
CHTR	C	-0.36%
TTD	B	-0.34%
MNST	C	-0.33%
KDP	D	-0.28%
EA	A	-0.27%
GEHC	F	-0.24%
KHC	F	-0.24%
LULU	C	-0.24%
AZN	D	-0.23%
CCEP	C	-0.22%
IDXX	F	-0.21%
DXCM	D	-0.2%
TTWO	A	-0.2%
GFS	C	-0.15%
WBD	C	-0.14%
ARM	D	-0.1%