iShares U.S. Industry Rotation Active ETF
$37.01−0.27 (−0.71%)
- Expense ratio
- 0.42%
- Fund size
- $38M
- 1Y return
- +18.3%
- Yield · Last 12 months
- 0.58%
- Holdings
- 302
- Volume · 30D
- 0M sh
- NAV per share
- $37.25
- 52W range
The ETF.net INRO Grade
Score 59 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 75Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 52Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 27Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 77Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 59Category rank
Our read on INRO
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.
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 Holdings
- Stocks
- 302
- 38%
- AAPL
Sectors
- Technology39.9%
- Financials11.4%
- Consumer Discr.10.3%
- Health Care9.7%
- Industrials8.5%
- Communication8.2%
- Cons. Staples5.2%
- Energy3.8%
- Materials1.5%
- Utilities1.1%
- Real Estate0.4%
Geography
- United States97.36%
- Ireland1.71%
- United Kingdom0.47%
- Cayman Islands0.19%
- Netherlands0.08%
- Finland0.08%
- Switzerland0.06%
- Brazil0.04%
INRO Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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.
| Period | INRO |
|---|---|
| Year to date | +16.4% |
| 1 month | +1.8% |
| 3 months | +2.3% |
| 1 year | +18.3% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | INRO |
|---|---|---|
| 2026 YTD | +16.4% | |
| 2025 | +16.7% | |
| 2024 | +10.9% |
INRO in the news
ETF.net Research hasn’t filed on INRO yet — coverage lands here as it’s written.
INRO Dividends
- 0.58%
- $0.22
- $0.05 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 15, 2026 | Sep 18, 2026 | $0.05 |
| Jun 15, 2026 | Jun 18, 2026 | $0.04 |
| Mar 17, 2026 | Mar 20, 2026 | $0.06 |
| Dec 16, 2025 | Dec 19, 2025 | $0.06 |
| Sep 16, 2025 | Sep 19, 2025 | $0.06 |
| Jun 16, 2025 | Jun 20, 2025 | $0.06 |
| Mar 18, 2025 | Mar 21, 2025 | $0.04 |
| Dec 17, 2024 | Dec 20, 2024 | $0.07 |
| Sep 25, 2024 | Sep 30, 2024 | $0.04 |
| Jun 11, 2024 | Jun 17, 2024 | $0.03 |
INRO Risk
- 13.3%
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.
- 0.96
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.
- −20.0%
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.
- 1.07
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
INRO Cost
- The middle half of US Active Equity funds
- Median 0.70%
31 of the 124 US Active Equity funds charge less.