Skip to content
etf.net

Launched

iShares U.S. Industry Rotation Active ETF

INRONasdaqiSharesB

$35.77−0.22 (−0.62%)

At close: Nov 2, 2026, 4:00 PM ET

B69/ 100

Rank 25 of 126 in US Active Equity

B69/100Rank 25 of 126inUS Active Equity
Intraday session: down, 79 prints from 35.99 to 35.77. Range 35.77 to 36.40. Use the arrow keys to read each point.35.9036.1036.2036.3036.4010 AM12 PM2 PM4 PM
Expense ratio
0.42%
Fund size
$528M
1Y total return
+12.2%
Yield · Last 12 months
0.60%
Holdings
346
Avg volume · 30D
190K sh
52W range
low $29.63high $37.90
Launched

The ETF.net INRO Grade

Based on 5 of 6 pillars

B

Score 69 out of 100

Category
US Active Equity⁠
Rank
25 of 126
Six-pillar profile for INRO. Scores out of 100: Cost 74, Risk 47, Mission not scored, Tradability 80, Holdings 71, Durability 77. Strongest: Tradability (80). Weakest: Risk (47). Based on 5 of 6 pillars.

Score 69 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A74 out of 100
    Rank 34 of 126

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C47 out of 100
    Rank 73 of 126

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A80 out of 100
    Rank 18 of 126

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A71 out of 100
    Rank 39 of 124

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A77 out of 100
    Rank 22 of 126

Our read on INRO

ETF.net Research

In short

BBlackRock's take on the idea that the big money is in which industries you own, not which stocks. INRO rotates actively across U.S. industries, spreads the bet over roughly 300 names, and charges well below the typical active U.S. equity fund.

Stated mandate

The fund seeks long-term capital appreciation through active rotation among U.S. industries, using forward-looking analysis and dynamically tilting toward sectors the manager believes may outperform across market cycles.

Why people hold it

  • Charges 0.42% a year while the median active U.S. equity fund in its group runs 0.65%. Active calls at close to factor-fund pricing.
  • The active decision is industry weights, not stock picking. It tilts toward the U.S. industries the manager expects to lead, then holds roughly 300 names underneath.
  • Same iShares systematic playbook as DYNF, which rotates factors. This one applies the rotate-the-exposure idea to industries instead.ishares.com
  • Broad holdings and quarterly distributions, so it behaves like a core U.S. equity sleeve with an industry tilt rather than a concentrated theme fund.

Worth knowing

  • Launched in 2024, so there is only a short record to judge whether the industry calls add up across a full market cycle.
  • A small fund that trades lightly next to broad-market ETFs. Limit orders and a look at the spread matter more here.
  • There is no index to match, so outcomes ride on the manager's rotation. Plain core index funds like DFAU cost a fraction of this.

INRO Performance

Launched Mar 26, 2024

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
INRO$11,215
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. INRO $11,215. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for INRO. Periods over one year show the average yearly return.
PeriodINRO
Year to date+12.4%
1 month−2.2%
3 months+0.5%
1 year+12.2%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for INRO
YearReturn barINRO
2026 YTD+12.4%
2025+16.7%
2024+10.9%

History from Mar 28, 2024

INRO in the news

INRO Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
0.60%Last 12 months
Payout per share
$0.22Last 12 months
Last payment
$0.05 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2024–2026

One bar per payment. 10 payments from 2024 to 2026 YTD. Jun 11, 2024 $0.03; Sep 25, 2024 $0.04; Dec 17, 2024 $0.07; Mar 18, 2025 $0.04; Jun 16, 2025 $0.06; Sep 16, 2025 $0.06; Dec 16, 2025 $0.06; Mar 17, 2026 $0.06; Jun 15, 2026 $0.04; Sep 15, 2026 $0.05. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Sep 15, 2026Sep 18, 2026$0.05
Jun 15, 2026Jun 18, 2026$0.04
Mar 17, 2026Mar 20, 2026$0.06
Dec 16, 2025Dec 19, 2025$0.06
Sep 16, 2025Sep 19, 2025$0.06
Jun 16, 2025Jun 20, 2025$0.06
Mar 18, 2025Mar 21, 2025$0.04
Dec 17, 2024Dec 20, 2024$0.07
Sep 25, 2024Sep 30, 2024$0.04
Jun 11, 2024Jun 17, 2024$0.03

$10,000 in INRO 1 year ago paid $66.97 in dividends.

INRO Risk

Risk pillarC47 out of 100Rank 73 of 126 in US Active Equity
How much the fund’s monthly returns vary, scaled to a year.
13.1%
Annualised · 31 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.85
vs 3-month T-bills · 31 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−20.0%
31 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.07
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

INRO Cost

Compare INRO and TACU

Overpaying vs TACU, cheapest in US Active Equity

$8,472

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • INRO 0.42%

    $8,472

  • TACU 0.00% Cheapest

    $0

$10,000
30 years

Cost over time

  • INRO 0.42%
  • TACU 0.00%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530INRO $8,472TACU $0

Year by year

YearINROTACUOverpaying
10$759$0$759
20$2,927$0$2,927
30$8,472$0$8,472

Other funds in US Active Equity

See others