iShares U.S. Industry Rotation Active ETF
$37.41−0.04 (−0.10%)
- 0.42%
- $524M
- +21.9%
- 0.58%
- 0.1M sh
- $37.45
- low $29.63high $37.90
The ETF.net INRO Grade
B
Score 68 out of 100
- 26 of 127
Score 68 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.A75 out of 100Rank 33 of 127Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C45 out of 100Rank 82 of 126Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A74 out of 100Rank 27 of 127Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A74 out of 100Rank 31 of 124Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A75 out of 100Rank 27 of 127
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
- 345
- 39%
- NVDA
Geography
- United States97.18%
- Ireland1.73%
- United Kingdom0.57%
- Cayman Islands0.25%
- Netherlands0.08%
- Finland0.08%
- Switzerland0.06%
- Brazil0.05%
INRO Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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INRO$12,187
Returns run to the Oct 12, 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 | +16.9% |
| 1 month | +2.1% |
| 3 months | +3.0% |
| 1 year | +21.9% |
| 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 | +16.9% | |
| 2025 | +16.7% | |
| 2024 | +10.9% |
INRO in the news
INRO Dividends
- 0.58%
- $0.22
- $0.05 per share
- Quarterly
Distribution history
INRO Risk
- 13.1%
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.
- 0.95
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
0.42%
INRO0.42%
- The middle half of US Active Equity funds
- Median 0.70%
31 of the 123 US Active Equity funds charge less.
Other funds in US Active Equity
- BBRCEMFS Active Exchange Traded Funds Trust - MFS Blended Research Core Equity ETFExpense ratio 0.24%1 year return —
- BENHUiShares Enhanced Large Cap Core Active ETFExpense ratio 0.22%1 year return —
- BBLUXBluemonte Dynamic Total Market ETFExpense ratio 0.30%1 year return +19.2%
- BTHROiShares U.S. Thematic Rotation Active ETFExpense ratio 0.57%1 year return +21.3%
- BLSTLeuthold Select Industries ETFExpense ratio 0.65%1 year return +26.1%