TSPA vs. INRO ETF Comparison

Comparison of T. Rowe Price U.S. Equity Research ETF (TSPA) to BlackRock U.S. Industry Rotation ETF (INRO)

TSPA

T. Rowe Price U.S. Equity Research ETF

TSPA Description

Blue Safari Group Acquisition Corp. intends to acquire assets and businesses through a merger, share exchange, share purchase, reorganization, or similar business combination. It focuses on pursuing opportunities in fintech, infotech, insurtech, and business services. The company was incorporated in 2021 and is based in Central, Hong Kong.

Grade (RS Rating)

Last Trade

$37.37

Average Daily Volume

114,330

Number of Holdings ^*

342

* 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

$28.27

Average Daily Volume

3,544

Number of Holdings ^*

423

* may have additional holdings in another (foreign) market

Performance

Period	TSPA	INRO
30 Days	1.66%	2.86%
60 Days	4.50%	5.93%
90 Days	5.68%	6.63%
12 Months	33.21%

233 Overlapping Holdings

Symbol	Grade	Weight in TSPA	Weight in INRO	Overlap
AAPL	C	7.37%	5.57%	5.57%
ABBV	F	0.62%	0.4%	0.4%
ACN	B	0.65%	0.07%	0.07%
ADBE	C	0.49%	0.32%	0.32%
ADI	D	0.3%	0.23%	0.23%
ADSK	A	0.19%	0.1%	0.1%
AIG	B	0.26%	0.08%	0.08%
ALL	A	0.3%	0.08%	0.08%
ALLY	C	0.02%	0.02%	0.02%
AMAT	F	0.02%	0.32%	0.02%
AMD	F	0.55%	0.49%	0.49%
AME	A	0.02%	0.14%	0.02%
AMGN	F	0.44%	0.22%	0.22%
AMT	C	0.33%	0.11%	0.11%
AMZN	C	3.66%	1.46%	1.46%
APH	A	0.11%	0.19%	0.11%
APO	B	0.07%	0.01%	0.01%
ARES	A	0.12%	0.11%	0.11%
ATO	A	0.14%	0.05%	0.05%
AVB	B	0.07%	0.01%	0.01%
AVGO	D	1.69%	1.64%	1.64%
AXP	A	0.37%	1.14%	0.37%
AZO	C	0.15%	0.15%	0.15%
BA	F	0.24%	0.04%	0.04%
BAC	A	0.61%	0.79%	0.61%
BAH	F	0.03%	0.06%	0.03%
BALL	F	0.11%	0.08%	0.08%
BBWI	C	0.02%	0.02%	0.02%
BIIB	F	0.1%	0.03%	0.03%
BK	A	0.16%	0.11%	0.11%
BMY	B	0.13%	0.12%	0.12%
BR	A	0.03%	0.07%	0.03%
BRK.A	B	1.23%	0.06%	0.06%
BURL	B	0.11%	0.05%	0.05%
BX	A	0.08%	0.42%	0.08%
C	A	0.42%	0.34%	0.34%
CARR	C	0.21%	0.42%	0.21%
CAT	B	0.15%	0.36%	0.15%
CB	C	0.48%	0.16%	0.16%
CBOE	C	0.14%	0.04%	0.04%
CBRE	B	0.07%	0.88%	0.07%
CCI	C	0.01%	0.05%	0.01%
CDNS	B	0.19%	0.12%	0.12%
CEG	C	0.27%	0.45%	0.27%
CMI	A	0.31%	0.09%	0.09%
COP	C	0.42%	0.23%	0.23%
COST	A	0.8%	0.46%	0.46%
CPRT	B	0.13%	0.21%	0.13%
CPT	B	0.0%	0.0%	0.0%
CRL	D	0.0%	0.02%	0.0%
CRM	B	0.79%	0.47%	0.47%
CRWD	B	0.11%	0.11%	0.11%
CSGP	D	0.04%	0.65%	0.04%
CSX	C	0.35%	0.26%	0.26%
CTAS	B	0.1%	0.34%	0.1%
CVX	A	0.47%	0.48%	0.47%
DAL	B	0.05%	0.03%	0.03%
DE	B	0.24%	0.2%	0.2%
DFS	B	0.13%	0.31%	0.13%
DG	F	0.09%	0.01%	0.01%
DHR	F	0.46%	0.2%	0.2%
DOV	A	0.1%	0.06%	0.06%
DT	D	0.06%	0.03%	0.03%
DUK	C	0.04%	0.53%	0.04%
DVN	F	0.04%	0.04%	0.04%
EBAY	D	0.01%	0.02%	0.01%
EFX	F	0.09%	0.08%	0.08%
EMR	B	0.07%	0.24%	0.07%
ENTG	D	0.12%	0.03%	0.03%
EOG	A	0.2%	0.14%	0.14%
EQIX	A	0.26%	0.1%	0.1%
EQT	B	0.06%	0.04%	0.04%
ESS	B	0.13%	0.01%	0.01%
ETR	B	0.1%	0.2%	0.1%
EVRG	A	0.06%	0.1%	0.06%
EXC	C	0.07%	0.24%	0.07%
EXR	C	0.01%	0.04%	0.01%
F	C	0.01%	0.06%	0.01%
FANG	C	0.12%	0.06%	0.06%
FCX	F	0.19%	0.11%	0.11%
FDS	B	0.04%	0.07%	0.04%
FDX	B	0.15%	0.02%	0.02%
FE	C	0.08%	0.15%	0.08%
FI	A	0.49%	0.01%	0.01%
FICO	B	0.11%	0.08%	0.08%
FITB	B	0.14%	0.08%	0.08%
FSLR	F	0.0%	0.04%	0.0%
FTNT	C	0.36%	0.09%	0.09%
FTV	C	0.08%	0.05%	0.05%
GD	D	0.03%	0.03%	0.03%
GE	D	0.56%	0.08%	0.08%
GEN	B	0.18%	0.03%	0.03%
GEV	B	0.25%	0.31%	0.25%
GILD	C	0.14%	0.16%	0.14%
GM	C	0.05%	0.09%	0.05%
GOOG	C	2.14%	2.71%	2.14%
GOOGL	C	1.48%	3.12%	1.48%
GS	A	0.29%	0.62%	0.29%
HAL	C	0.09%	0.04%	0.04%
HBAN	A	0.13%	0.07%	0.07%
HD	B	0.9%	1.16%	0.9%
HES	B	0.05%	0.07%	0.05%
HIG	B	0.28%	0.05%	0.05%
HII	F	0.02%	0.0%	0.0%
HON	C	0.32%	1.56%	0.32%
HUBB	B	0.16%	0.08%	0.08%
HWM	A	0.16%	0.02%	0.02%
IBM	C	0.23%	0.06%	0.06%
ICE	C	0.26%	0.29%	0.26%
IEX	C	0.07%	0.03%	0.03%
INTC	C	0.01%	0.22%	0.01%
INTU	B	0.36%	0.28%	0.28%
IP	A	0.05%	0.09%	0.05%
IQV	F	0.03%	0.05%	0.03%
IR	B	0.11%	0.08%	0.08%
IT	C	0.04%	0.02%	0.02%
JBHT	C	0.01%	0.06%	0.01%
JCI	B	0.09%	0.4%	0.09%
JNJ	C	0.68%	0.36%	0.36%
JPM	A	1.16%	1.68%	1.16%
KEY	B	0.05%	0.05%	0.05%
KEYS	A	0.2%	0.06%	0.06%
KKR	A	0.19%	0.31%	0.19%
KLAC	F	0.43%	0.18%	0.18%
KMI	A	0.1%	0.1%	0.1%
LHX	C	0.19%	0.02%	0.02%
LIN	C	0.7%	0.02%	0.02%
LLY	F	1.9%	0.64%	0.64%
LMT	D	0.06%	0.05%	0.05%
LOW	C	0.3%	0.45%	0.3%
LPLA	A	0.06%	0.07%	0.06%
LRCX	F	0.03%	0.21%	0.03%
LUV	C	0.01%	0.01%	0.01%
MA	B	0.89%	0.04%	0.04%
MCHP	F	0.02%	0.08%	0.02%
MCO	B	0.16%	0.26%	0.16%
MET	A	0.26%	0.08%	0.08%
META	D	2.67%	3.77%	2.67%
MMC	B	0.25%	0.16%	0.16%
MO	A	0.06%	0.39%	0.06%
MPC	D	0.24%	0.1%	0.1%
MPWR	F	0.09%	0.06%	0.06%
MRK	D	0.55%	0.24%	0.24%
MRNA	F	0.0%	0.02%	0.0%
MRVL	B	0.16%	0.17%	0.16%
MS	A	0.26%	0.52%	0.26%
MSCI	C	0.03%	0.15%	0.03%
MSFT	D	6.73%	4.18%	4.18%
MTD	F	0.17%	0.04%	0.04%
MU	D	0.02%	0.25%	0.02%
NEE	C	0.51%	0.94%	0.51%
NOC	D	0.27%	0.03%	0.03%
NOW	A	0.06%	0.3%	0.06%
NSC	B	0.21%	0.23%	0.21%
NVDA	B	6.08%	7.42%	6.08%
NVR	D	0.23%	0.22%	0.22%
NXPI	D	0.02%	0.12%	0.02%
ODFL	C	0.28%	0.17%	0.17%
ON	D	0.04%	0.06%	0.04%
ORCL	A	0.53%	0.44%	0.44%
ORLY	B	0.17%	0.21%	0.17%
PANW	B	0.1%	0.18%	0.1%
PCG	A	0.33%	0.26%	0.26%
PFE	F	0.22%	0.14%	0.14%
PGR	A	0.06%	0.23%	0.06%
PKG	A	0.1%	0.1%	0.1%
PM	B	0.56%	0.83%	0.56%
PNC	B	0.08%	0.2%	0.08%
PPL	A	0.02%	0.05%	0.02%
PSA	C	0.18%	0.07%	0.07%
PSTG	D	0.06%	0.03%	0.03%
PSX	C	0.07%	0.1%	0.07%
QCOM	F	0.55%	0.39%	0.39%
REGN	F	0.31%	0.12%	0.12%
RIVN	F	0.01%	0.01%	0.01%
ROK	C	0.18%	0.1%	0.1%
ROP	B	0.27%	0.09%	0.09%
ROST	D	0.17%	0.14%	0.14%
RSG	A	0.03%	0.2%	0.03%
RTX	D	0.2%	0.07%	0.07%
SBAC	D	0.02%	0.03%	0.02%
SCHW	B	0.35%	0.37%	0.35%
SHW	B	0.21%	0.01%	0.01%
SLB	C	0.19%	0.09%	0.09%
SNPS	B	0.2%	0.12%	0.12%
SO	C	0.2%	0.59%	0.2%
SPGI	C	0.33%	0.52%	0.33%
STLD	B	0.13%	0.01%	0.01%
SUI	C	0.07%	0.01%	0.01%
SWK	D	0.32%	0.03%	0.03%
SYY	D	0.04%	0.04%	0.04%
TDG	D	0.16%	0.03%	0.03%
TDY	B	0.17%	0.05%	0.05%
TER	F	0.01%	0.03%	0.01%
TFC	A	0.03%	0.15%	0.03%
TGT	F	0.17%	0.08%	0.08%
TJX	A	0.2%	0.38%	0.2%
TMO	F	0.66%	0.26%	0.26%
TMUS	B	0.76%	4.59%	0.76%
TRGP	A	0.06%	0.07%	0.06%
TRV	B	0.11%	0.09%	0.09%
TSLA	B	1.59%	1.32%	1.32%
TT	A	0.14%	0.65%	0.14%
TW	A	0.13%	0.05%	0.05%
TXN	C	0.46%	0.41%	0.41%
UBER	F	0.44%	0.5%	0.44%
ULTA	F	0.02%	0.05%	0.02%
UNH	B	1.2%	0.01%	0.01%
USB	A	0.08%	0.2%	0.08%
V	A	1.1%	0.04%	0.04%
VLO	C	0.07%	0.08%	0.07%
VLTO	C	0.0%	0.11%	0.0%
VMC	B	0.14%	0.61%	0.14%
VRSK	A	0.11%	0.09%	0.09%
VRT	B	0.05%	0.14%	0.05%
VRTX	D	0.18%	0.17%	0.17%
VST	A	0.08%	0.17%	0.08%
VTRS	A	0.01%	0.01%	0.01%
WCN	A	0.11%	0.2%	0.11%
WDAY	B	0.02%	0.08%	0.02%
WDC	D	0.11%	0.04%	0.04%
WELL	A	0.21%	0.18%	0.18%
WFC	A	0.37%	0.62%	0.37%
WM	B	0.13%	0.37%	0.13%
WMB	A	0.07%	0.12%	0.07%
WMT	A	0.76%	0.41%	0.41%
WY	F	0.02%	0.03%	0.02%
XEL	A	0.23%	0.23%	0.23%
XOM	B	1.12%	0.95%	0.95%
XYL	D	0.01%	0.06%	0.01%
ZBRA	B	0.15%	0.04%	0.04%
ZS	B	0.04%	0.03%	0.03%
ZTS	D	0.09%	0.08%	0.08%

TSPA Overweight 109 Positions Relative to INRO

Symbol	Grade	Weight
NFLX	A	0.8%
PG	C	0.78%
KO	D	0.68%
MCD	D	0.55%
PEP	F	0.51%
ISRG	A	0.48%
CMCSA	B	0.42%
SYK	B	0.39%
ELV	F	0.37%
CSCO	B	0.32%
CI	D	0.32%
BKNG	A	0.31%
KDP	F	0.3%
KVUE	A	0.3%
BDX	F	0.29%
CPAY	A	0.29%
PLD	F	0.28%
CMG	B	0.27%
BSX	A	0.23%
CL	D	0.22%
BLK	B	0.21%
ZBH	C	0.2%
CRBG	B	0.2%
DIS	B	0.2%
ABT	B	0.19%
AEE	A	0.19%
HLT	A	0.18%
MCK	A	0.18%
GPN	B	0.18%
RCL	A	0.18%
NVO	F	0.17%
VOYA	B	0.17%
SAIA	B	0.16%
MDLZ	F	0.16%
MAR	A	0.16%
RNR	C	0.16%
THC	D	0.15%
ANET	C	0.14%
LVS	B	0.14%
REXR	F	0.14%
COR	B	0.12%
STZ	D	0.12%
HOLX	D	0.12%
DXCM	C	0.11%
WYNN	C	0.11%
LULU	C	0.11%
WFG	C	0.11%
ABNB	C	0.11%
MOH	F	0.11%
CF	A	0.1%
SBUX	A	0.1%
MDT	D	0.1%
KMB	C	0.09%
DPZ	C	0.09%
WING	D	0.08%
CMS	C	0.08%
DGX	A	0.08%
ICLR	D	0.08%
NKE	F	0.08%
EQH	C	0.08%
RGEN	D	0.08%
SITE	F	0.07%
MNST	C	0.07%
EA	A	0.07%
AZN	F	0.07%
VZ	C	0.07%
HUM	C	0.07%
SPG	A	0.06%
MOS	F	0.06%
EW	C	0.06%
CNP	A	0.06%
T	A	0.06%
IDXX	F	0.06%
SPOT	B	0.06%
NCLH	B	0.05%
WAL	B	0.05%
UAL	A	0.05%
KIM	A	0.05%
SHOP	B	0.05%
AXS	A	0.05%
ESAB	C	0.05%
HCA	F	0.05%
BGNE	D	0.05%
D	C	0.05%
CVS	D	0.04%
CUBE	C	0.04%
CLX	A	0.04%
SRE	A	0.04%
TPG	A	0.04%
REG	A	0.04%
GIS	D	0.04%
BPOP	C	0.04%
AMH	C	0.04%
EL	F	0.04%
SNY	F	0.04%
CAH	B	0.03%
TSN	B	0.03%
ST	F	0.02%
CPB	D	0.02%
YUM	D	0.02%
K	A	0.02%
NI	A	0.02%
ELAN	D	0.02%
CNI	F	0.02%
RPM	A	0.02%
APTV	F	0.02%
EWBC	A	0.02%
KHC	F	0.02%
LSCC	D	0.01%

TSPA Underweight 190 Positions Relative to INRO

Symbol	Grade	Weight
BXP	C	-1.38%
MMM	D	-0.78%
MLM	C	-0.59%
UNP	C	-0.55%
URI	C	-0.5%
COF	C	-0.49%
ETN	A	-0.48%
GWW	B	-0.46%
FAST	B	-0.41%
PWR	A	-0.37%
DHI	F	-0.33%
AEP	C	-0.31%
ADP	A	-0.29%
LEN	D	-0.28%
CME	B	-0.26%
Z	A	-0.25%
GRMN	B	-0.22%
COIN	C	-0.2%
EIX	B	-0.2%
EME	A	-0.19%
PHM	D	-0.19%
SYF	B	-0.18%
PH	A	-0.17%
PLTR	B	-0.17%
AMP	A	-0.17%
WSO	A	-0.16%
CSL	C	-0.15%
BLDR	D	-0.15%
ITW	B	-0.15%
LII	A	-0.14%
ES	C	-0.13%
NDAQ	A	-0.12%
NRG	B	-0.12%
MAS	D	-0.12%
SW	A	-0.12%
NEM	D	-0.11%
RJF	A	-0.11%
PAYX	B	-0.11%
OKE	A	-0.11%
AON	A	-0.11%
ACM	B	-0.11%
OC	A	-0.11%
PCAR	B	-0.11%
LNT	A	-0.1%
LNG	A	-0.09%
ALLE	C	-0.09%
GLW	B	-0.09%
TSCO	D	-0.09%
MTB	A	-0.09%
AFL	B	-0.09%
AJG	A	-0.09%
OTIS	C	-0.08%
MSTR	B	-0.08%
NTRS	A	-0.08%
APP	B	-0.08%
FBIN	D	-0.07%
RF	A	-0.07%
BKR	A	-0.07%
DELL	B	-0.07%
WAB	B	-0.07%
MELI	C	-0.07%
PRU	A	-0.07%
DLR	B	-0.07%
AMCR	C	-0.07%
AVY	F	-0.07%
ACGL	C	-0.06%
CDW	F	-0.06%
VTR	B	-0.06%
TEAM	A	-0.06%
OXY	D	-0.06%
LDOS	C	-0.06%
AOS	F	-0.06%
ROL	B	-0.06%
HPQ	B	-0.06%
ALNY	D	-0.05%
KR	B	-0.05%
HUBS	A	-0.05%
WSM	C	-0.05%
WTW	B	-0.05%
ANSS	B	-0.05%
TRU	D	-0.05%
TPL	A	-0.05%
HPE	B	-0.05%
TROW	B	-0.05%
A	D	-0.05%
HOOD	B	-0.05%
DDOG	A	-0.05%
CCK	D	-0.05%
FCNCA	A	-0.05%
VICI	C	-0.05%
PINS	F	-0.05%
BBY	D	-0.05%
STT	B	-0.05%
CFG	B	-0.05%
KMX	B	-0.04%
STX	C	-0.04%
PNR	A	-0.04%
ZM	C	-0.04%
KNX	C	-0.04%
SNA	A	-0.04%
SNAP	D	-0.04%
PTC	B	-0.04%
ARE	F	-0.04%
MKL	A	-0.04%
CINF	A	-0.04%
TRMB	B	-0.04%
BRO	B	-0.04%
TYL	B	-0.04%
PFG	D	-0.04%
IRM	C	-0.04%
CG	B	-0.04%
NTAP	C	-0.04%
J	D	-0.04%
MRO	B	-0.03%
BEN	C	-0.03%
EG	C	-0.03%
MANH	D	-0.03%
CTRA	B	-0.03%
PAYC	B	-0.03%
WRB	A	-0.03%
L	A	-0.03%
SWKS	F	-0.03%
WAT	C	-0.03%
NDSN	B	-0.03%
DAY	B	-0.03%
DOC	C	-0.03%
WST	C	-0.03%
GGG	B	-0.03%
UPS	C	-0.03%
ILMN	C	-0.03%
AES	F	-0.03%
DKS	D	-0.03%
MKTX	D	-0.03%
SSNC	B	-0.03%
JBL	C	-0.03%
BSY	F	-0.02%
TECH	F	-0.02%
CTSH	B	-0.02%
BMRN	F	-0.02%
NBIX	C	-0.02%
SEIC	B	-0.02%
INCY	C	-0.02%
TTC	C	-0.02%
AIZ	A	-0.02%
ERIE	D	-0.02%
AXON	A	-0.02%
ENPH	F	-0.02%
IOT	A	-0.02%
CNH	C	-0.02%
AFG	A	-0.02%
AVTR	F	-0.02%
RVTY	F	-0.02%
UHAL	D	-0.02%
SMCI	F	-0.02%
OVV	B	-0.02%
UTHR	C	-0.02%
MTCH	D	-0.02%
GLPI	C	-0.02%
DOCU	B	-0.02%
WBA	F	-0.01%
APD	A	-0.01%
RS	B	-0.01%
FIS	C	-0.01%
ACI	C	-0.01%
MDB	B	-0.01%
TXT	D	-0.01%
HEI	A	-0.01%
MAA	B	-0.01%
INVH	D	-0.01%
VRSN	C	-0.01%
RPRX	D	-0.01%
PYPL	B	-0.01%
EPAM	B	-0.01%
TWLO	A	-0.01%
NET	B	-0.01%
CTLT	C	-0.01%
DLTR	F	-0.01%
APA	D	-0.01%
BIO	C	-0.01%
EQR	C	-0.01%
EXAS	D	-0.01%
NUE	C	-0.01%
SNOW	B	-0.01%
GDDY	A	-0.01%
DINO	D	-0.01%
QRVO	F	-0.01%
CHRD	D	-0.01%
FNF	B	-0.0%
HEI	A	-0.0%
EXPD	C	-0.0%