NBCR vs. INRO ETF Comparison

Comparison of Neuberger Berman Core Equity ETF (NBCR) to BlackRock U.S. Industry Rotation ETF (INRO)

NBCR

Neuberger Berman Core Equity ETF

NBCR Description

To pursue its goal, the fund invests mainly in equity securities of large-capitalization companies, which it defines as companies that have a market capitalization within the market capitalization range of companies in the Russell 1000® Index at the time of initial purchase. The portfolio managers seek to invest in a broadly diversified group of securities that have the potential to outperform the Russell 1000 Index with a lower level of risk through security selection.

Grade (RS Rating)

Last Trade

$27.43

Average Daily Volume

16,373

Number of Holdings ^*

192

* may have additional holdings in another (foreign) market

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

Performance

Period	NBCR	INRO
30 Days	2.81%	5.09%
60 Days	4.11%	6.25%
90 Days	5.52%	7.10%
12 Months

130 Overlapping Holdings

Symbol	Grade	Weight in NBCR	Weight in INRO	Overlap
AAPL	C	6.48%	5.76%	5.76%
ABBV	D	0.86%	0.39%	0.39%
ACN	C	0.47%	0.07%	0.07%
ADI	D	0.5%	0.22%	0.22%
ADSK	A	0.17%	0.09%	0.09%
AEP	D	0.19%	0.32%	0.19%
AIG	B	0.76%	0.09%	0.09%
AIZ	A	0.25%	0.02%	0.02%
ALL	A	0.45%	0.08%	0.08%
AMAT	F	0.52%	0.3%	0.3%
AMD	F	0.57%	0.47%	0.47%
AMGN	D	0.31%	0.2%	0.2%
AMZN	C	3.83%	1.47%	1.47%
AON	A	1.41%	0.11%	0.11%
APD	A	0.14%	0.01%	0.01%
APH	A	0.45%	0.19%	0.19%
APO	B	0.32%	0.01%	0.01%
AVTR	F	0.13%	0.02%	0.02%
AVY	D	0.29%	0.07%	0.07%
BA	F	0.19%	0.04%	0.04%
BAC	A	0.76%	0.81%	0.76%
BK	A	0.12%	0.11%	0.11%
BLDR	D	0.12%	0.15%	0.12%
BMRN	D	0.09%	0.02%	0.02%
BMY	B	0.28%	0.11%	0.11%
C	A	0.39%	0.34%	0.34%
CARR	D	0.36%	0.42%	0.36%
CAT	B	0.51%	0.35%	0.35%
CCK	C	0.08%	0.05%	0.05%
CDW	F	0.13%	0.05%	0.05%
CEG	D	0.17%	0.45%	0.17%
CFG	B	0.14%	0.06%	0.06%
COP	C	0.4%	0.24%	0.24%
COST	B	1.06%	0.47%	0.47%
CRM	B	0.87%	0.45%	0.45%
CRWD	B	0.51%	0.12%	0.12%
CSX	B	0.27%	0.25%	0.25%
DAL	C	0.25%	0.03%	0.03%
DE	A	0.33%	0.2%	0.2%
DLTR	F	0.25%	0.01%	0.01%
DUK	C	0.23%	0.54%	0.23%
ECL	D	0.16%	0.0%	0.0%
EFX	F	0.18%	0.08%	0.08%
ENTG	D	0.13%	0.03%	0.03%
EOG	A	0.31%	0.15%	0.15%
EQR	B	0.09%	0.01%	0.01%
EQT	B	0.13%	0.04%	0.04%
ETN	A	0.63%	0.48%	0.48%
ETR	B	0.16%	0.2%	0.16%
FANG	D	0.24%	0.06%	0.06%
FBIN	D	0.05%	0.06%	0.05%
FCX	D	0.26%	0.12%	0.12%
FDX	B	0.22%	0.02%	0.02%
FE	C	0.11%	0.15%	0.11%
FI	A	0.66%	0.01%	0.01%
FITB	A	0.24%	0.08%	0.08%
GE	D	0.94%	0.08%	0.08%
GM	B	0.59%	0.09%	0.09%
GOOG	C	1.94%	2.72%	1.94%
GOOGL	C	3.37%	3.13%	3.13%
GS	A	0.42%	0.64%	0.42%
HD	A	1.22%	1.17%	1.17%
ICE	C	0.56%	0.33%	0.33%
INTU	C	0.62%	0.26%	0.26%
INVH	D	0.1%	0.01%	0.01%
IQV	D	0.13%	0.05%	0.05%
IR	B	0.36%	0.08%	0.08%
IT	C	0.13%	0.02%	0.02%
J	F	0.19%	0.04%	0.04%
JNJ	D	0.98%	0.37%	0.37%
JPM	A	1.4%	1.74%	1.4%
KKR	A	0.61%	0.31%	0.31%
LEN	D	0.22%	0.28%	0.22%
LIN	D	0.59%	0.03%	0.03%
LLY	F	1.19%	0.57%	0.57%
LMT	D	0.26%	0.05%	0.05%
LNG	B	0.13%	0.09%	0.09%
LNT	A	0.13%	0.11%	0.11%
LRCX	F	0.2%	0.19%	0.19%
MA	C	1.1%	0.04%	0.04%
MCO	B	0.28%	0.28%	0.28%
MET	A	0.22%	0.08%	0.08%
MLM	B	0.25%	0.57%	0.25%
MMM	D	0.44%	0.76%	0.44%
MSFT	F	6.01%	4.24%	4.24%
MTCH	D	0.12%	0.02%	0.02%
NDAQ	A	0.3%	0.14%	0.14%
NEE	D	0.33%	0.97%	0.33%
NOW	A	0.77%	0.3%	0.3%
NSC	B	0.29%	0.22%	0.22%
NUE	C	0.11%	0.01%	0.01%
NVDA	C	6.7%	7.62%	6.7%
OKE	A	0.16%	0.12%	0.12%
ON	D	0.1%	0.06%	0.06%
ORCL	B	0.99%	0.45%	0.45%
ORLY	B	0.26%	0.21%	0.21%
PCG	A	0.14%	0.26%	0.14%
PH	A	0.48%	0.17%	0.17%
PNC	B	0.31%	0.21%	0.21%
PSX	C	0.24%	0.1%	0.1%
QCOM	F	0.91%	0.39%	0.39%
REGN	F	0.3%	0.11%	0.11%
RSG	A	0.16%	0.2%	0.16%
SHW	A	0.24%	0.01%	0.01%
SLB	C	0.26%	0.09%	0.09%
SNPS	B	0.58%	0.12%	0.12%
SPGI	C	0.74%	0.55%	0.55%
STLD	B	0.1%	0.01%	0.01%
TDG	D	0.77%	0.03%	0.03%
TJX	A	0.71%	0.39%	0.39%
TMO	F	0.53%	0.24%	0.24%
TMUS	B	0.88%	4.56%	0.88%
TRGP	B	0.09%	0.08%	0.08%
TRU	D	0.3%	0.04%	0.04%
TT	A	0.48%	0.65%	0.48%
TW	A	0.12%	0.06%	0.06%
TXN	C	0.63%	0.39%	0.39%
UBER	D	0.74%	0.49%	0.49%
ULTA	F	0.4%	0.05%	0.05%
URI	B	0.32%	0.47%	0.32%
V	A	1.23%	0.04%	0.04%
VRSK	A	0.17%	0.09%	0.09%
VRTX	F	0.51%	0.15%	0.15%
VST	B	0.15%	0.19%	0.15%
VTR	C	0.2%	0.06%	0.06%
WCN	A	0.21%	0.21%	0.21%
WFC	A	0.99%	0.64%	0.64%
WMB	A	0.16%	0.13%	0.13%
WY	D	0.06%	0.03%	0.03%
XOM	B	1.15%	0.95%	0.95%

NBCR Overweight 62 Positions Relative to INRO

Symbol	Grade	Weight
UNM	A	0.97%
BSX	B	0.87%
PG	A	0.87%
NFLX	A	0.81%
T	A	0.75%
MDT	D	0.72%
CCL	B	0.62%
FYBR	D	0.6%
MCD	D	0.58%
IWB	A	0.56%
DKNG	B	0.52%
UL	D	0.51%
ZBH	C	0.5%
BKNG	A	0.49%
CSCO	B	0.46%
KDP	D	0.42%
NVT	B	0.39%
PLD	D	0.38%
CL	D	0.36%
MDLZ	F	0.36%
BLK	C	0.35%
MSI	B	0.35%
LVS	C	0.35%
CVS	D	0.33%
GIS	D	0.31%
ELV	F	0.26%
GL	B	0.26%
HCA	F	0.26%
MCK	B	0.25%
NKE	D	0.25%
ASML	F	0.23%
K	A	0.22%
EHC	B	0.22%
SAIA	B	0.21%
HUM	C	0.2%
SRE	A	0.2%
CHKP	D	0.2%
DGX	A	0.19%
DXCM	D	0.18%
CNC	D	0.18%
STZ	D	0.17%
EA	A	0.17%
MOH	F	0.17%
D	C	0.17%
PEG	A	0.16%
ELS	C	0.16%
TKO	B	0.15%
FCPT	C	0.14%
ESI	A	0.14%
APTV	D	0.14%
WRBY	B	0.14%
STWD	C	0.11%
CNP	B	0.09%
UTZ	D	0.08%
DTM	B	0.08%
WIX	B	0.08%
TOL	B	0.07%
DTE	C	0.07%
SMAR	A	0.07%
GXO	B	0.06%
IONS	F	0.05%
BHP	F	0.03%

NBCR Underweight 299 Positions Relative to INRO

Symbol	Grade	Weight
META	D	-3.68%
HON	B	-1.6%
AVGO	D	-1.54%
BXP	D	-1.35%
TSLA	B	-1.32%
AXP	A	-1.14%
CBRE	B	-0.87%
PM	B	-0.87%
CSGP	D	-0.63%
SO	D	-0.6%
VMC	B	-0.59%
MS	A	-0.55%
UNP	C	-0.54%
CVX	A	-0.5%
COF	B	-0.48%
BX	A	-0.45%
WMT	A	-0.45%
GWW	B	-0.44%
LOW	D	-0.43%
SCHW	B	-0.41%
MO	A	-0.41%
FAST	B	-0.4%
JCI	C	-0.39%
WM	A	-0.37%
PWR	A	-0.37%
CTAS	B	-0.34%
DHI	D	-0.33%
ADBE	C	-0.32%
GEV	B	-0.31%
CME	A	-0.3%
ADP	B	-0.29%
DFS	B	-0.29%
EXC	C	-0.25%
Z	A	-0.25%
MRK	F	-0.24%
XEL	A	-0.24%
EMR	A	-0.24%
PGR	A	-0.23%
MU	D	-0.23%
GRMN	B	-0.22%
INTC	D	-0.22%
CPRT	A	-0.21%
EIX	B	-0.21%
NVR	D	-0.21%
USB	A	-0.2%
COIN	C	-0.2%
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%
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%
AME	A	-0.15%
AZO	C	-0.15%
ITW	B	-0.15%
ROST	C	-0.14%
ES	D	-0.14%
PFE	D	-0.14%
LII	A	-0.14%
CSL	C	-0.14%
GILD	C	-0.14%
RJF	A	-0.13%
SW	A	-0.13%
MAS	D	-0.12%
OC	A	-0.12%
CDNS	B	-0.12%
NXPI	D	-0.12%
ARES	A	-0.12%
NRG	B	-0.12%
EVRG	A	-0.11%
PAYX	C	-0.11%
VLTO	D	-0.11%
PCAR	B	-0.11%
AMT	D	-0.11%
NEM	D	-0.11%
ACM	A	-0.11%
APP	B	-0.1%
AJG	B	-0.1%
CMI	A	-0.1%
PKG	A	-0.1%
KMI	A	-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%
TSCO	D	-0.09%
IP	B	-0.09%
MTB	A	-0.09%
AFL	B	-0.09%
ROP	B	-0.09%
TRV	B	-0.09%
MCHP	D	-0.08%
BR	A	-0.08%
ZTS	D	-0.08%
OTIS	C	-0.08%
HUBB	B	-0.08%
LPLA	A	-0.08%
FDS	B	-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%
PSA	D	-0.07%
BKR	B	-0.07%
DELL	C	-0.07%
HBAN	A	-0.07%
WAB	B	-0.07%
RF	A	-0.07%
MELI	D	-0.07%
PRU	A	-0.07%
AMCR	D	-0.07%
HES	B	-0.07%
DLR	B	-0.07%
CCI	D	-0.06%
JBHT	C	-0.06%
DDOG	A	-0.06%
XYL	D	-0.06%
KEYS	A	-0.06%
HOOD	B	-0.06%
MPWR	F	-0.06%
AOS	F	-0.06%
OXY	D	-0.06%
TEAM	A	-0.06%
BRK.A	B	-0.06%
F	C	-0.06%
ROL	B	-0.06%
HPQ	B	-0.06%
RTX	C	-0.06%
IBM	C	-0.06%
KR	B	-0.05%
WTW	B	-0.05%
A	D	-0.05%
PPL	B	-0.05%
ANSS	B	-0.05%
HUBS	A	-0.05%
ATO	A	-0.05%
HPE	B	-0.05%
LDOS	C	-0.05%
CG	A	-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%
MKL	A	-0.04%
MKTX	D	-0.04%
HAL	C	-0.04%
FSLR	F	-0.04%
CBOE	B	-0.04%
DVN	F	-0.04%
PFG	D	-0.04%
SYY	B	-0.04%
IRM	D	-0.04%
BAH	F	-0.04%
ZBRA	B	-0.04%
EXR	D	-0.04%
NTAP	C	-0.04%
TDY	B	-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%
GGG	B	-0.03%
SNAP	C	-0.03%
JBL	B	-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%
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%
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%
OVV	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%
SUI	D	-0.01%
DOW	F	-0.01%
ACI	C	-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%
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%
EXAS	D	-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%