- Issuer
- BlackRock
- Inception Date
- Mar 26, 2024
- Category
- Large Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $34M
Share Price Chart
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Performance
INRO Performance Chart
Blackrock U.S. Industry Rotation ETF (INRO) is up 13.7% since the beginning of the year. INRO is currently trading at $36 per share.
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Returns By Period
Blackrock U.S. Industry Rotation ETF (INRO) has returned 13.70% so far this year and 31.94% over the past 12 months.
Blackrock U.S. Industry Rotation ETF
- 1D
- -0.44%
- 1M
- 2.10%
- YTD
- 13.70%
- 6M
- 13.07%
- 1Y
- 31.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
INRO Monthly Returns History
Based on dividend-adjusted daily data since Mar 28, 2024, INRO's average daily return is +0.08%, while the average monthly return is +1.46%. At this rate, an investment would double in approximately 4.0 years.
Historically, 68% of months were positive and 32% were negative. The best month was Apr 2026 with a return of +11.5%, while the worst month was Mar 2025 at -6.0%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 3 months.
On a daily basis, INRO closed higher 57% of trading days. The best single day was Apr 9, 2025 with a return of +9.5%, while the worst single day was Apr 4, 2025 at -6.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.18% | -0.88% | -4.68% | 11.47% | 6.15% | 0.52% | 13.70% | ||||||
| 2025 | 2.52% | -2.21% | -5.96% | -0.79% | 6.23% | 5.34% | 2.91% | 2.07% | 4.25% | 2.00% | -0.27% | 0.08% | 16.67% |
| 2024 | 0.04% | -4.90% | 4.67% | 3.85% | 0.17% | 1.63% | 2.23% | -0.30% | 6.51% | -2.95% | 10.92% |
Benchmark Metrics
Blackrock U.S. Industry Rotation ETF has an annualized alpha of 0.63%, beta of 1.06, and R2 of 0.98 versus S&P 500 Index. Calculated based on daily prices since March 28, 2024.
- This ETF captured 104.95% of S&P 500 Index gains but only 96.65% of its losses - a favorable profile for investors.
- With beta of 1.06 and R2 of 0.98, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 0.63%
- Beta
- 1.06
- R²
- 0.98
- Upside Capture
- 104.95%
- Downside Capture
- 96.65%
Expense Ratio
INRO has an expense ratio of 0.42%, placing it in the medium range.
Return for Risk
Risk / Return Rank
INRO ranks 75 for risk / return — better than 75% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Blackrock U.S. Industry Rotation ETF (INRO) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| INRO | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.37 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.43 | 2.78 | +0.64 |
| Martin ratioReturn relative to average drawdown | 15.50 | 12.44 | +3.06 |
Dividends
Dividend History
Blackrock U.S. Industry Rotation ETF provided a 0.60% dividend yield over the last twelve months, with an annual payout of $0.22 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.22 | $0.22 | $0.14 |
Dividend yield | 0.60% | 0.68% | 0.50% |
Monthly Dividends
The table displays the monthly dividend distributions for Blackrock U.S. Industry Rotation ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.04 | $0.10 | ||||||
| 2025 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.22 |
| 2024 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.07 | $0.14 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Blackrock U.S. Industry Rotation ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Blackrock U.S. Industry Rotation ETF was 20.02%, occurring on Apr 8, 2025. Recovery took 56 trading sessions.
The current Blackrock U.S. Industry Rotation ETF drawdown is 0.49%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -20.02%Apr 2025 | 1mo 17d | 2mo 23d | 4mo 10dFeb 2025 - Jun 2025 |
2024 correction2024 | -10.52%Aug 2024 | 25d | 2mo 5d | 3moJul 2024 - Oct 2024 |
2026 pullback2026 | -9.36%Mar 2026 | 2mo | 15d | 2mo 15dJan 2026 - Apr 2026 |
2024 pullback2024 | -6.91%Apr 2024 | 18d | 26d | 1mo 14dApr 2024 - May 2024 |
2025 pullback2025 | -5.37%Nov 2025 | 22d | 1mo 3d | 1mo 25dOct 2025 - Dec 2025 |
Drawdown Indicators
| INRO | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.02% | -56.78% | +36.76% |
Max Drawdown (1Y)Largest decline over 1 year | -9.36% | -9.10% | -0.26% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.49% | -1.80% | +1.31% |
Average DrawdownAverage peak-to-trough decline | -2.58% | -10.71% | +8.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 2.03% | +0.04% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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