INRO vs. BRTR

Last updated Jun 4, 2026

INRO (Blackrock U.S. Industry Rotation ETF) and BRTR (Blackrock Total Return ETF) are both exchange-traded funds - INRO is a Large Cap Blend Equities fund actively managed by BlackRock, while BRTR is a Intermediate Core-Plus Bond fund actively managed by BlackRock. Both are actively managed. Over the past year, INRO returned 31.46% vs 5.97% for BRTR. At a 0.23 correlation, their price movements are largely independent. INRO charges 0.42%/yr vs 0.38%/yr for BRTR.

Performance

INRO vs. BRTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Blackrock U.S. Industry Rotation ETF (INRO) and Blackrock Total Return ETF (BRTR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, INRO achieves a 13.22% return, which is significantly higher than BRTR's 0.40% return.

INRO

• 1D: -0.65%
• 1M: 6.39%
• YTD: 13.22%
• 6M: 13.14%
• 1Y: 31.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BRTR

• 1D: -0.20%
• 1M: 0.46%
• YTD: 0.40%
• 6M: 0.28%
• 1Y: 5.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

INRO vs. BRTR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
INRO Blackrock U.S. Industry Rotation ETF	13.22%	16.67%	10.88%
BRTR Blackrock Total Return ETF	0.40%	8.11%	2.03%

Correlation

The correlation between INRO and BRTR is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (All Time) Calculated using the full available price history since Apr 1, 2024	0.23

INRO vs. BRTR - Sectors Allocation Comparison

Sectors	INRO	BRTR
Technology	38.4%	6.7%
Consumer Cyclical	11.3%	7.6%
Communication Services	10.4%	23.8%
Financial Services	10.1%	22.7%
Industrials	9.7%	1.5%
Healthcare	7.9%	-
Consumer Defensive	6.4%	-
Energy	3.7%	25.1%
Basic Materials	1.5%	8.7%
Real Estate	0.6%	2.2%
Utilities	0.0%	1.8%

Return for Risk

INRO vs. BRTR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

INRO

INRO Risk / Return Rank: 75
INRO Sharpe Ratio Rank: 76
INRO Sortino Ratio Rank: 75
INRO Omega Ratio Rank: 75
INRO Calmar Ratio Rank: 68
INRO Martin Ratio Rank: 80

BRTR

BRTR Risk / Return Rank: 42
BRTR Sharpe Ratio Rank: 46
BRTR Sortino Ratio Rank: 48
BRTR Omega Ratio Rank: 45
BRTR Calmar Ratio Rank: 37
BRTR Martin Ratio Rank: 36

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

INRO vs. BRTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Blackrock U.S. Industry Rotation ETF (INRO) and Blackrock Total Return ETF (BRTR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	INRO	BRTR	Difference
Sharpe ratio: Return per unit of total volatility	2.47	1.63	+0.84
Sortino ratio: Return per unit of downside risk	3.36	2.38	+0.98
Omega ratio: Gain probability vs. loss probability	1.44	1.29	+0.15
Calmar ratio: Return relative to maximum drawdown	3.38	1.84	+1.54
Martin ratio: Return relative to average drawdown	15.71	5.57	+10.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

INRO vs. BRTR - Sharpe Ratio Comparison

The current INRO Sharpe Ratio is 2.47, which is higher than the BRTR Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of INRO and BRTR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	INRO	BRTR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.47	1.63	+0.84
Sharpe Ratio (All Time) Calculated using the full available price history	1.13	0.88	+0.25

Drawdowns

INRO vs. BRTR - Drawdown Comparison

The maximum INRO drawdown since its inception was -20.02%, which is greater than BRTR's maximum drawdown of -5.07%. Use the drawdown chart below to compare losses from any high point for INRO and BRTR.

Drawdown Indicators

	INRO	BRTR	Difference
Max Drawdown Largest peak-to-trough decline	-20.02%	-5.07%	-14.95%
Max Drawdown (1Y) Largest decline over 1 year	-9.36%	-3.26%	-6.10%
Current Drawdown Current decline from peak	-0.65%	-1.69%	+1.04%
Average Drawdown Average peak-to-trough decline	-2.61%	-1.35%	-1.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.01%	1.08%	+0.93%

Volatility

INRO vs. BRTR - Volatility Comparison

Blackrock U.S. Industry Rotation ETF (INRO) has a higher volatility of 3.69% compared to Blackrock Total Return ETF (BRTR) at 1.28%. This indicates that INRO's price experiences larger fluctuations and is considered to be riskier than BRTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	INRO	BRTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.69%	1.28%	+2.41%
Volatility (6M) Calculated over the trailing 6-month period	9.95%	2.77%	+7.18%
Volatility (1Y) Calculated over the trailing 1-year period	12.83%	3.68%	+9.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.10%	4.69%	+12.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.10%	4.69%	+12.41%

INRO vs. BRTR - Expense Ratio Comparison

INRO has a 0.42% expense ratio, which is higher than BRTR's 0.38% expense ratio.

Dividends

INRO vs. BRTR - Dividend Comparison

INRO's dividend yield for the trailing twelve months is around 0.65%, less than BRTR's 4.73% yield.

Position	TTM	2025	2024	2023
BRTR Blackrock Total Return ETF	4.73%	4.86%	5.58%	0.22%
INRO Blackrock U.S. Industry Rotation ETF	0.65%	0.68%	0.50%	0.00%

Frequently Asked Questions

Can I hold both INRO and BRTR in my portfolio?

INRO and BRTR have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, INRO or BRTR?

INRO has higher volatility (3.69%) compared to BRTR (1.28%). In terms of maximum drawdown, INRO dropped -20.02% vs BRTR's -5.07%.

Which ETF is better, INRO or BRTR?

On 1-year performance, INRO leads with 31.46% vs 5.97% for BRTR. On fees, BRTR is cheaper at 0.38% per year. On volatility, BRTR has been the lower-risk option at 1.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, INRO or BRTR?

Over the 1-year period, INRO has performed better with a 31.46% return vs 5.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, INRO or BRTR?

BRTR is cheaper with a 0.38% expense ratio, compared with 0.42% for INRO.

Which ETF pays a higher dividend yield, INRO or BRTR?

BRTR has the higher dividend yield at 4.73%, compared with 0.65% for INRO.

What is the main difference between INRO and BRTR?

INRO is categorized as Large Cap Blend Equities, while BRTR is Intermediate Core-Plus Bond. Their fees differ too: 0.42% for INRO and 0.38% for BRTR.

Which has better risk-adjusted returns?

INRO currently has the higher Sharpe Ratio (2.47 vs 1.63), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.