iShares U.S. Thematic Rotation Active ETF (THRO)

Market Price (11/12/2026): $42.84

iShares U.S. Thematic Rotation Active ETF (THRO)

Market Price (11/12/2026): $42.84

Key Takeaways

THRO has returned +11.3% YTD vs +12.0% for SPY, +12.6% for QQQ; +11.0% over the past 12 months (SPY +12.2%, QQQ +11.5%). details →
Over the past month, THRO has seen net inflows of +$145M (+2.0% of assets). details →
Risk-adjusted returns trail QQQ: 3-year Sharpe ratio of 0.6 vs 1.0. details →
Analysts expect +8% revenue growth across THRO's holdings (next fiscal year) vs +17% for QQQ; expected earnings growth: +10% vs +19%. details →

Last updated: 11/11/2026.

Price Chart

ETF Price
Price/Gold

Asset Allocation with THRO

Risk Tolerance:

ConservativeModerateAggressive

Moderate — 55% equity / 25% bonds / 20% alternatives

10Y Return (ann.)

+4.9%

Volatility

5.3%

Sharpe

0.39

YTD

+7.3%

Modeled with monthly rebalancing to target weights; 10-year figures are annualized from monthly returns. Illustrative only — past performance is not indicative of future results.

	ETF	%	1D	1W	1M	YTD
Equity	THRO	25.0%	1.5%	-0.9%	-3.9%	11.3%
Bond	BND	50.0%	-0.0%	-0.6%	1.5%	-0.7%
Gold	GLD	10.0%	-1.1%	-2.0%	-4.3%	-7.9%
Commodity	DBC	2.5%	0.0%	-1.7%	-8.1%	37.6%
Real Estate	VNQ	5.0%	-0.1%	-1.0%	6.5%	12.8%
Bitcoin	BTCUSD	0.0%	-0.4%	-8.7%	-11.7%	-16.1%
Cash	GOVT	7.5%	-0.1%	-0.6%	1.0%	-1.2%
Conservative Portfolio		100.0%	0.2%	-0.9%	-0.5%	3.2%

	ETF	%	1D	1W	1M	YTD
Equity	THRO	55.0%	1.5%	-0.9%	-3.9%	11.3%
Bond	BND	25.0%	-0.0%	-0.6%	1.5%	-0.7%
Gold	GLD	7.0%	-1.1%	-2.0%	-4.3%	-7.9%
Commodity	DBC	4.0%	0.0%	-1.7%	-8.1%	37.6%
Real Estate	VNQ	5.0%	-0.1%	-1.0%	6.5%	12.8%
Bitcoin	BTCUSD	2.0%	-0.4%	-8.7%	-11.7%	-16.1%
Cash	GOVT	2.0%	-0.1%	-0.6%	1.0%	-1.2%
Moderate Portfolio		100.0%	0.7%	-1.1%	-2.3%	7.3%

	ETF	%	1D	1W	1M	YTD
Equity	THRO	80.0%	1.5%	-0.9%	-3.9%	11.3%
Bond	BND	5.0%	-0.0%	-0.6%	1.5%	-0.7%
Gold	GLD	3.0%	-1.1%	-2.0%	-4.3%	-7.9%
Commodity	DBC	2.2%	0.0%	-1.7%	-8.1%	37.6%
Real Estate	VNQ	4.5%	-0.1%	-1.0%	6.5%	12.8%
Bitcoin	BTCUSD	5.2%	-0.4%	-8.7%	-11.7%	-16.1%
Cash	GOVT	0.0%	-0.1%	-0.6%	1.0%	-1.2%
Aggressive Portfolio		100.0%	1.1%	-1.4%	-3.7%	9.4%

	ETF	%	Return	Volatility	Sharpe
Equity	THRO	25.0%	0.0%	6.6%	0.03
Bond	BND	50.0%	1.4%	5.4%	-0.29
Gold	GLD	10.0%	11.5%	16.3%	0.51
Commodity	DBC	2.5%	7.4%	17.5%	0.34
Real Estate	VNQ	5.0%	6.1%	17.6%	0.26
Bitcoin	BTCUSD	0.0%	58.6%	76.4%	0.92
Cash	GOVT	7.5%	0.5%	5.2%	-0.49
Conservative Portfolio		100.0%	3.1%	5.0%	0.06

	ETF	%	Return	Volatility	Sharpe
Equity	THRO	55.0%	0.0%	6.6%	0.03
Bond	BND	25.0%	1.4%	5.4%	-0.29
Gold	GLD	7.0%	11.5%	16.3%	0.51
Commodity	DBC	4.0%	7.4%	17.5%	0.34
Real Estate	VNQ	5.0%	6.1%	17.6%	0.26
Bitcoin	BTCUSD	2.0%	58.6%	76.4%	0.92
Cash	GOVT	2.0%	0.5%	5.2%	-0.49
Moderate Portfolio		100.0%	4.9%	5.3%	0.39

	ETF	%	Return	Volatility	Sharpe
Equity	THRO	80.0%	0.0%	6.6%	0.03
Bond	BND	5.0%	1.4%	5.4%	-0.29
Gold	GLD	3.0%	11.5%	16.3%	0.51
Commodity	DBC	2.2%	7.4%	17.5%	0.34
Real Estate	VNQ	4.5%	6.1%	17.6%	0.26
Bitcoin	BTCUSD	5.2%	58.6%	76.4%	0.92
Cash	GOVT	0.0%	0.5%	5.2%	-0.49
Aggressive Portfolio		100.0%	7.2%	7.4%	0.59

Figures are on an annualized basis, based on monthly return data for the last 10 years

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	THRO	25.0%
Bond	BND	50.0%	-14.2%	-2.2%	1.3%
Gold	GLD	10.0%	-7.7%	-6.3%	5.0%
Commodity	DBC	2.5%	20.5%	-23.7%	-17.5%
Real Estate	VNQ	5.0%	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	0.0%	-56.0%	-33.5%	-37.4%
Cash	GOVT	7.5%	-12.4%	4.4%	1.6%
Conservative Portfolio		100.0%	-13.0%	-5.4%	0.4%

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	THRO	55.0%
Bond	BND	25.0%	-14.2%	-2.2%	1.3%
Gold	GLD	7.0%	-7.7%	-6.3%	5.0%
Commodity	DBC	4.0%	20.5%	-23.7%	-17.5%
Real Estate	VNQ	5.0%	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	2.0%	-56.0%	-33.5%	-37.4%
Cash	GOVT	2.0%	-12.4%	4.4%	1.6%
Moderate Portfolio		100.0%	-13.6%	-10.2%	-2.9%

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	THRO	80.0%
Bond	BND	5.0%	-14.2%	-2.2%	1.3%
Gold	GLD	3.0%	-7.7%	-6.3%	5.0%
Commodity	DBC	2.2%	20.5%	-23.7%	-17.5%
Real Estate	VNQ	4.5%	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	5.2%	-56.0%	-33.5%	-37.4%
Cash	GOVT	0.0%	-12.4%	4.4%	1.6%
Aggressive Portfolio		100.0%	-23.8%	-22.3%	-13.2%

The table shows the return of different asset classes during market crises - specifically during the period where the S&P fell and bottomed

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Tailored Asset Allocation
[1] Personalized 5 Level Risk Tolerance Assessment
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Top 20 Holdings for THRO

Total Weights
Top 5: 31.4% | Top 10: 44.2% | Top 20: 61.0%

Ticker	Holding	ETF Weight	Sales Weight	Earnings Weight	Fwd P/S	Fwd P/E	Fwd Sales Growth	Fwd Earnings Growth
Total		97.92%	100.00%	100.00%	3.0	17.4	+8.4%	+10.1%
Top 20		61.00%	39.36%	58.36%	4.4	17.9	+13.7%	+13.4%
AAPL	Apple	8.83%	2.80%	5.18%	9.7	37.6	+7.5%	+10.3%
NVDA	NVIDIA	7.54%	1.86%	7.95%	6.5	11.9	+69.2%	+68.5%
MSFT	Microsoft	6.89%	2.12%	5.83%	9.0	23.9	+20.8%	+20.8%
AMZN	Amazon.com	4.86%	4.62%	5.23%	3.0	23.7	+15.9%	-14.1%
GOOGL	Alphabet	3.27%	1.47%	4.93%	5.7	18.3	+27.7%	-20.2%
JPM	JPMorgan Chase	2.82%	2.09%	4.64%	4.3	12.8	+4.2%	+5.3%
WMT	Walmart	2.79%	7.04%	1.42%	1.3	39.8	+4.3%	+10.7%
XOM	Exxon Mobil	2.66%	5.13%	3.60%	1.6	14.7	-2.5%	-20.7%
V	Visa	2.36%	0.32%	1.09%	22.4	39.6	+11.0%	+13.2%
JNJ	Johnson & Johnson	2.24%	1.13%	1.22%	6.3	24.0	+6.5%	+4.0%
AVGO	Broadcom	1.99%	0.37%	1.06%	9.4	17.3	+61.8%	+55.6%
MU	Micron Technology	1.98%	0.99%	4.22%	3.2	4.4	+17.1%	+12.9%
META	Meta Platforms	1.75%	0.90%	1.88%	5.2	17.6	+21.9%	+19.9%
CAT	Caterpillar	1.64%	1.59%	1.62%	3.1	19.1	+11.6%	+16.3%
GOOG	Alphabet	1.62%	0.73%	2.44%	5.7	18.3	+27.7%	-20.2%
RTX	RTX	1.60%	1.93%	1.13%	2.6	24.8	+8.1%	+8.2%
AMD	Advanced Micro Devices	1.58%	0.27%	0.31%	9.8	31.8	+83.6%	+124.7%
PG	Procter & Gamble	1.57%	1.22%	1.49%	4.3	22.5	+3.1%	+6.2%
NEE	NextEra Energy	1.53%	0.84%	2.28%	5.4	19.7	+9.8%	+8.9%
PFE	Pfizer	1.49%	1.94%	0.82%	2.8	9.9	-3.8%	-3.4%

[1] Total and Top 20 rows are weighted aggregates across constituents.
[2] Forward P/S and P/E ratios use consensus sales and earnings for the 12 months ending 11/30/27. Individual constituent FY1 and FY2 consensus figures adjusted to align with 11/30/27.
[3] Forward Sales and Non-GAAP Earnings Growth are calculated as next fiscal year (FY2) consensus growth over current fiscal year (FY1) consensus. They are not derived from the forward P/S and P/E multiples shown.

Performance for THRO Top Holdings

Ticker	Holding	Weight	Mkt Price 11/11	1D Rtn	1M Rtn	YTD Rtn	1Y Rtn	3Y Rtn	5Y Rtn	10Y Rtn
THRO	iShares U.S. Thematic Rotation Active ETF	100.00%	42.86	1.5%	-4.1%	11.3%	11.0%
AAPL	Apple	8.83%	355.36	2.0%	4.2%	31.1%	29.5%	93.0%	142.6%	1,325.8%
NVDA	NVIDIA	7.54%	173.73	2.9%	-23.2%	-6.6%	-9.8%	260.5%	474.2%	7,949.8%
MSFT	Microsoft	6.89%	521.12	-2.3%	-3.7%	8.4%	3.3%	44.3%	61.3%	894.4%
AMZN	Amazon.com	4.86%	266.17	-1.7%	2.6%	15.3%	6.9%	85.4%	51.0%	620.3%
GOOGL	Alphabet	3.27%	293.45	2.1%	-16.8%	-6.1%	1.0%	123.4%	99.3%	667.7%
JPM	JPMorgan Chase	2.82%	343.39	0.4%	2.7%	8.6%	10.9%	149.9%	133.0%	481.0%
WMT	Walmart	2.79%	125.67	0.1%	11.1%	13.5%	22.5%	134.1%	171.6%	525.5%
XOM	Exxon Mobil	2.66%	166.71	1.4%	-3.2%	41.3%	43.2%	77.3%	207.1%	197.1%
V	Visa	2.36%	425.55	0.6%	9.5%	22.3%	26.8%	77.5%	108.4%	458.7%
JNJ	Johnson & Johnson	2.24%	280.41	-0.1%	6.3%	37.7%	47.9%	107.4%	95.4%	210.7%
AVGO	Broadcom	1.99%	345.22	4.0%	-2.7%	0.3%	-1.2%	272.4%	569.6%	2,547.5%
MU	Micron Technology	1.98%	811.30	11.9%	-18.0%	184.5%	236.9%	987.0%	975.0%	4,609.2%
META	Meta Platforms	1.75%	628.77	-2.0%	-15.4%	-4.5%	0.6%	93.1%	86.2%	433.3%
CAT	Caterpillar	1.64%	601.61	2.9%	-24.6%	5.9%	6.8%	161.1%	212.3%	700.3%
GOOG	Alphabet	1.62%	290.63	2.0%	-16.7%	-7.2%	-0.1%	118.8%	96.1%	678.2%
RTX	RTX	1.60%	201.29	0.5%	7.8%	10.9%	14.0%	159.9%	152.2%	296.4%
AMD	Advanced Micro Devices	1.58%	552.90	7.3%	-7.0%	158.2%	132.8%	366.2%	273.9%	8,170.8%
PG	Procter & Gamble	1.57%	167.67	-0.6%	10.2%	20.4%	16.2%	19.9%	30.1%	163.1%
NEE	NextEra Energy	1.53%	85.99	-0.3%	9.5%	9.5%	3.1%	70.5%	14.0%	291.2%
PFE	Pfizer	1.49%	29.45	0.3%	5.2%	26.2%	23.2%	21.3%	-22.4%	43.0%

Guidance Updates for THRO Top Holdings

	Ticker	Company	Earnings Date	Guidance Metric	Midpoint Value	% Change	Guidance Change
AMD_11032026	AMD	Advanced Micro Devices	11/3/2026	Q4 2026 Revenue	17.00 Bil	30.8%	Higher NewNew Guidance Higher than Prior Actual of 13.00 Bil for Q3 2026
AMZN_10292026	AMZN	Amazon.com	10/29/2026	Q4 2026 Net Sales	243.50 Bil	22.1%	Higher NewNew Guidance Higher than Prior Actual of 199.50 Bil for Q3 2026
AVGO_9022026	AVGO	Broadcom	9/2/2026	Q4 2026 Revenue	34.80 Bil	18.4%	Higher NewNew Guidance Higher than Prior Actual of 29.40 Bil for Q3 2026
META_10212026	META	Meta Platforms	10/21/2026	Q4 2026 Revenue	74.50 Bil	19.2%	Higher NewNew Guidance Higher than Prior Actual of 62.50 Bil for Q3 2026
MU_9302026	MU	Micron Technology	9/30/2026	Q1 2027 Revenue	61.50 Bil	23.0%	Higher NewNew Guidance Higher than Prior Actual of 50.00 Bil for Q4 2026
NVDA_8262026	NVDA	NVIDIA	8/26/2026	Q3 2027 Revenue	108.00 Bil	18.7%	Higher NewNew Guidance Higher than Prior Actual of 91.00 Bil for Q2 2027

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
THRO Return	-	-	-	2%	15%	11%	31%
Peers Return	19%	-37%	33%	-0%	40%	-6%	32%
S&P 500 Return	27%	-19%	24%	23%	16%	10%	100%
Monthly Win Rates [3]
THRO Win Rate	-	-	-	33%	75%	45%
Peers Win Rate	55%	32%	57%	48%	67%	44%
S&P 500 Win Rate	75%	42%	67%	75%	67%	36%
Max Drawdowns [4]
THRO Max Drawdown	-	-	-	-	-19%	-11%
Peers Max Drawdown	-25%	-46%	-28%	-23%	-31%	-32%
S&P 500 Max Drawdown	-5%	-25%	-10%	-8%	-19%	-9%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: ARKK, URA, BOTZ, ROBO, LIT.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/11/2026 (YTD)

Sharpe Ratios Compared

One measure of reward vs. risk is a Sharpe ratio. A higher ratio indicates better risk-adjusted returns. Most funds have Sharpe ratios < 1.0.

Ticker	1Y	3Y	5Y
THRO	0.54	0.63	0.63
Equity Top Results (3Y)
IALT	1.80	1.80	1.80
VLUE	1.93	1.48	0.71
CGDV	0.86	1.39	0.87
FNDX	1.87	1.39	0.67
MGV	1.88	1.38	0.69

Results as of 10312026.

Event	THRO	S&P 500
2025 US Tariff Shock
% Loss	-18.5%	-18.8%
% Gain to Breakeven	22.6%	23.1%
Time to Breakeven	79 days	79 days

Compare to ARKK, URA, BOTZ, ROBO, LIT

In The Past

iShares U.S. Thematic Rotation Active ETF's stock fell -18.5% during the 2025 US Tariff Shock. Such a loss loss requires a 22.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

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Compare to ARKK, URA, BOTZ, ROBO, LIT

In The Past

iShares U.S. Thematic Rotation Active ETF's stock fell -18.5% during the 2025 US Tariff Shock. Such a loss loss requires a 22.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

THRO Dip Buy History

THRO had 3 events since 10/10/2024 where the dip threshold of -5.0% within 60 trading days was triggered

20% median peak return within 1 year of dip event
329 days is the median time to peak return after a dip event
-13% median max drawdown within 1 year of dip event

60 Trading-Day Dip			THRO Subsequent Performance
Date	THRO	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			15%	20%	-13%	329
11/5/2026	-7%	-5%			0%	6
3/20/2026	-6%	-5%			-3%	200
3/4/2025	-6%	-4%	15%	20%	-13%	329

[1] Dip event: the stock fell more than 5.0% over 60 trading days. A new event is counted only when it comes more than 30 calendar days after the previous one.
[2] Analysis for period from 1/1/2005 to 11/11/2026

THRO had 1 events since 10/10/2024 where the dip threshold of -10% within 90 trading days was triggered

36% median peak return within 1 year of dip event
298 days is the median time to peak return after a dip event
-1.5% median max drawdown within 1 year of dip event

90 Trading-Day Dip			THRO Subsequent Performance
Date	THRO	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			32%	36%	-2%	298
4/4/2025	-15%	-14%	32%	36%	-2%	298

[1] Dip event: the stock fell more than 10% over 90 trading days. A new event is counted only when it comes more than 30 calendar days after the previous one.
[2] Analysis for period from 1/1/2005 to 11/11/2026

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Current Dip Buy Opportunities Across ETFs

ETFs currently down 5% or more from trailing 6M peaks.

Ticker	Name	Dip %	Mkt Price	Price Date	Peak Price	Peak Date	# Days
XLG	Invesco S&P 500 Top 50 ETF	-5.5%	61.52	11112026	65.07	10072026	35
MAGS	Roundhill Magnificent Seven ETF	-7.3%	68.89	11112026	74.30	10132026	29
QQQ	Invesco QQQ Trust, Series 1	-9.1%	690.38	11112026	759.66	10062026	36
QQQM	Invesco NASDAQ 100 ETF	-9.1%	284.23	11112026	312.76	10062026	36
ONEQ	Fidelity Nasdaq Composite Index ETF	-7.7%	100.41	11112026	108.77	10062026	36
QQEW	First Trust Nasdaq-100 Select Equal Weight ETF	-9.5%	151.09	11112026	167.03	8132026	90
IJH	iShares Core S&P Mid-Cap ETF	-5.0%	74.73	11112026	78.67	8162026	87
IJR	iShares Core S&P Small-Cap ETF	-5.4%	142.32	11112026	150.44	8162026	87
IWM	iShares Russell 2000 ETF	-7.2%	283.09	11112026	305.09	8162026	87
SCHA	Schwab U.S. Small-Cap ETF	-7.2%	33.52	11112026	36.13	6302026	134
VTWO	Vanguard Russell 2000 ETF	-7.0%	114.34	11112026	122.90	8162026	87
VUG	Vanguard Growth ETF	-8.0%	85.22	11112026	92.64	10062026	36
IWF	iShares Russell 1000 Growth ETF	-9.7%	116.62	11112026	129.19	10062026	36
IVW	iShares S&P 500 Growth ETF	-8.2%	134.17	11112026	146.12	10062026	36
SCHG	Schwab U.S. Large-Cap Growth ETF	-6.8%	34.42	11112026	36.93	10062026	36
SPYG	State Street SPDR Portfolio S&P 500 Growth ETF	-8.2%	116.18	11112026	126.50	10062026	36
VONG	Vanguard Russell 1000 Growth ETF	-9.7%	120.10	11112026	133.00	10062026	36
MGK	Vanguard Mega Cap Growth ETF	-8.8%	86.77	11112026	95.11	10062026	36
IWP	iShares Russell Mid-Cap Growth ETF	-10.9%	131.64	11112026	147.70	8172026	86
VOT	Vanguard Mid-Cap Growth ETF	-6.5%	293.17	11112026	313.61	8162026	87
IJK	iShares S&P Mid-Cap 400 Growth ETF	-7.3%	110.37	11112026	119.11	8172026	86
MDYG	State Street SPDR S&P 400 Mid Cap Growth ETF	-7.3%	105.35	11112026	113.69	8172026	86
IWO	iShares Russell 2000 Growth ETF	-9.2%	359.06	11112026	395.65	8162026	87
VBK	Vanguard Small-Cap Growth ETF	-8.7%	334.15	11112026	365.91	8172026	86
IJT	iShares S&P Small-Cap 600 Growth ETF	-6.6%	167.20	11112026	179.07	8042026	99
SLYG	State Street SPDR S&P 600 Small Cap Growth ETF	-6.6%	111.61	11112026	119.50	8042026	99
IWN	iShares Russell 2000 Value ETF	-5.1%	215.87	11112026	227.43	8162026	87
VXUS	Vanguard Total International Stock ETF	-5.6%	83.44	11112026	88.41	9072026	65
VEU	Vanguard FTSE All-World Ex-US ETF	-5.3%	81.67	11112026	86.21	9072026	65
IXUS	iShares Core MSCI Total International Stock ETF	-5.3%	93.44	11112026	98.71	9072026	65
CWI	State Street SPDR MSCI ACWI ex-US ETF	-5.3%	39.66	11112026	41.90	9072026	65
CORO	iShares International Country Rotation Active ETF	-5.6%	35.44	11112026	37.54	9072026	65
VEA	Vanguard FTSE Developed Markets ETF	-5.0%	69.92	11112026	73.61	8252026	78
VSS	Vanguard FTSE All-World EX-US Small-Cap Index Fund	-7.2%	149.77	11112026	161.45	8272026	76
SCHC	Schwab International Small-Cap Equity ETF	-6.7%	48.41	11112026	51.86	8272026	76
IEMG	iShares Core MSCI Emerging Markets ETF	-12.2%	75.47	11112026	86.00	6222026	142
VWO	Vanguard FTSE Emerging Markets ETF	-6.7%	57.22	11112026	61.32	9072026	65
EEM	iShares MSCI Emerging Markets ETF	-12.9%	62.04	11112026	71.21	6222026	142
SPEM	State Street SPDR Portfolio Emerging Markets ETF	-6.7%	49.83	11112026	53.41	9072026	65
SCHE	Schwab Emerging Markets Equity ETF	-6.3%	35.20	11112026	37.58	9072026	65
FNDE	Schwab Fundamental Emerging Markets Equity ETF	-5.5%	40.69	11112026	43.08	9072026	65
ASHR	Xtrackers Harvest CSI 300 China A-Shares ETF	-17.5%	30.76	11112026	37.30	6222026	142
EWY	iShares MSCI South Korea ETF	-32.6%	147.81	11112026	219.20	6212026	143
EWZ	iShares MSCI Brazil ETF	-25.5%	32.44	11112026	43.54	10122026	30
FXI	iShares China Large-Cap ETF	-11.3%	33.92	11112026	38.26	5132026	182
ILF	iShares Latin America 40 ETF	-15.0%	32.48	11112026	38.21	10122026	30
KWEB	KraneShares CSI China Internet ETF	-22.6%	23.67	11112026	30.59	5132026	182
JEPQ	J.P. Morgan Nasdaq Equity Premium Income ETF	-6.2%	56.93	11112026	60.70	10072026	35
QQQI	NEOS Nasdaq 100 High Income ETF	-7.5%	51.77	11112026	56.00	10062026	36
MTUM	iShares MSCI USA Momentum Factor ETF	-19.7%	69.26	11112026	86.31	6222026	142
SPHQ	Invesco S&P 500 Quality ETF	-5.6%	85.03	11112026	90.10	6302026	134
FNDA	Schwab Fundamental U.S. Small Company ETF	-5.0%	36.58	11112026	38.52	8162026	87
SPMO	Invesco S&P 500 Momentum ETF	-16.9%	134.42	11112026	161.66	6222026	142
VLUE	iShares MSCI USA Value Factor ETF	-6.4%	192.40	11112026	205.51	9072026	65
ARKK	ARK Innovation ETF	-15.4%	78.47	11112026	92.78	10052026	37
URA	Global X Uranium ETF	-37.0%	33.64	11112026	53.42	6022026	162
BOTZ	Global X Funds Global X Robotics & Artificial Intelligence ETF	-22.6%	32.23	11112026	41.63	5132026	182
ROBO	ROBO Global Robotics & Automation Index ETF	-18.0%	74.08	11112026	90.34	6022026	162
LIT	Global X Lithium & Battery Tech ETF	-31.8%	61.07	11112026	89.58	5132026	182
ICLN	iShares Global Clean Energy ETF	-31.5%	16.28	11112026	23.75	6022026	162
ARKQ	ARK Autonomous Technology & Robotics ETF	-22.3%	111.75	11112026	143.82	5282026	167
ARKW	ARK Next Generation Internet ETF	-13.0%	145.62	11112026	167.33	10062026	36
ARKX	ARK Space & Defense Innovation ETF	-19.6%	30.34	11112026	37.74	5282026	167
NASA	Tema Space Innovators ETF	-47.8%	21.87	11112026	41.89	5272026	168
XOVR	EntrepreneurShares Series Trust ERShares Private-Public Crossover ETF	-9.6%	20.27	11112026	22.43	10052026	37
AGIX	KraneShares Artificial Intelligence ETF	-17.6%	40.85	11112026	49.56	10062026	36
DRSK	Aptus Defined Risk ETF	-7.6%	27.16	11112026	29.39	6012026	163
ALLW	SSGA Active Trust State Street Bridgewater All Weather ETF	-5.3%	28.81	11112026	30.44	8252026	78
PCEF	Invesco CEF Income Composite ETF	-5.7%	19.20	11112026	20.35	8132026	90
YYY	Amplify CEF High Income ETF	-9.0%	10.35	11112026	11.37	8162026	87
GDE	WisdomTree Efficient Gold Plus Equity Strategy Fund	-26.5%	52.37	11112026	71.30	8252026	78
RAAX	VanEck Real Assets ETF	-8.9%	38.76	11112026	42.53	5142026	181
VGT	Vanguard Information Technology ETF	-12.4%	113.72	11112026	129.80	10062026	36
XLK	State Street Technology Select Sector SPDR ETF	-13.7%	174.36	11112026	202.00	10062026	36
XLE	State Street Energy Select Sector SPDR ETF	-9.5%	63.37	11112026	70.02	11012026	10
XLI	State Street Industrial Select Sector SPDR ETF	-8.3%	170.97	11112026	186.51	8162026	87
XLC	State Street Communication Services Select Sector SPDR ETF	-7.0%	108.60	11112026	116.81	5142026	181
XLU	State Street Utilities Select Sector SPDR ETF	-5.3%	43.82	11112026	46.29	7262026	108
IYM	iShares U.S. Basic Materials ETF	-6.1%	184.39	11112026	196.45	8252026	78
FXN	First Trust Energy AlphaDEX Fund	-7.8%	23.06	11112026	25.00	11012026	10
SMH	VanEck Semiconductor ETF	-24.2%	506.96	11112026	668.91	6222026	142
SOXX	iShares Semiconductor ETF	-28.8%	155.40	11112026	218.34	6222026	142
XBI	State Street SPDR S&P Biotech ETF	-7.8%	156.31	11112026	169.55	8192026	84
ITA	iShares U.S. Aerospace & Defense ETF	-13.2%	73.24	11112026	84.41	8162026	87
XOP	State Street SPDR S&P Oil & Gas Exploration & Production ETF	-12.1%	180.14	11112026	204.86	10262026	16
IGV	iShares Expanded Tech-Software Sector ETF	-9.3%	102.23	11112026	112.67	10112026	31
IYT	iShares U.S. Transportation ETF	-6.1%	84.49	11112026	90.01	7162026	118
IAI	iShares U.S. Broker-Dealers & Securities Exchanges ETF	-6.6%	184.98	11112026	198.06	9032026	69
KRE	State Street SPDR S&P Regional Banking ETF	-6.4%	72.95	11112026	77.93	8162026	87
MISL	First Trust Indxx Aerospace & Defense ETF	-12.8%	42.89	11112026	49.19	5282026	167
RING	iShares MSCI Global Gold Miners ETF	-20.0%	74.52	11112026	93.17	8252026	78
SOXQ	Invesco PHLX Semiconductor ETF	-27.7%	83.18	11112026	115.11	6222026	142
TLT	iShares 20+ Year Treasury Bond ETF	-6.0%	80.92	11112026	86.10	6292026	135
SPTL	State Street SPDR Portfolio Long Term Treasury ETF	-5.4%	24.72	11112026	26.13	6292026	135
EDV	Vanguard World Funds Extended Duration ETF	-9.1%	58.67	11112026	64.54	6242026	140
SPLB	State Street SPDR Portfolio Long Term Corporate Bond ETF	-5.5%	20.96	11112026	22.18	6292026	135
PDBC	Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF	-9.8%	18.35	11112026	20.34	10252026	17
DBC	Invesco DB Commodity Index Tracking Fund	-9.8%	30.76	11112026	34.10	10252026	17
COMT	iShares GSCI Commodity Dynamic Roll Strategy ETF	-10.6%	35.13	11112026	39.30	10252026	17
BCI	abrdn Bloomberg All Commodity Strategy K-1 Free ETF	-8.7%	24.48	11112026	26.81	9102026	62
FTGC	First Trust Global Tactical Commodity Strategy Fund	-8.1%	29.03	11112026	31.60	9102026	62
HGER	Harbor Commodity All-Weather Strategy ETF	-8.8%	33.30	11112026	36.50	10252026	17
GLD	SPDR Gold Trust	-15.2%	365.17	11112026	430.50	5132026	182
IAU	iShares Gold Trust	-14.1%	75.74	11112026	88.19	5132026	182
GLDM	SPDR Gold MiniShares Trust	-15.1%	78.81	11112026	92.78	5132026	182
SLV	iShares Silver Trust	-41.4%	46.48	11112026	79.35	5132026	182
PPLT	ETFS Physical Platinum Shares	-28.9%	13.90	11112026	19.55	5132026	182
PALL	ETFS Physical Palladium Shares	-31.6%	18.72	11112026	27.35	5132026	182
USO	United States Oil Fund LP	-16.6%	141.47	11112026	169.53	10252026	17
UNG	United States Natural Gas Fund LP	-15.7%	10.22	11112026	12.12	6042026	160
BNO	United States Brent Oil Fund LP ETV	-17.7%	58.75	11112026	71.39	11012026	10
REET	iShares Global REIT ETF	-5.8%	27.21	11112026	28.89	7262026	108
USRT	iShares Core U.S. REIT ETF	-5.4%	66.02	11112026	69.82	7262026	108
IBIT	iShares Bitcoin Trust ETF	-13.8%	42.24	11112026	49.01	9212026	51
FBTC	Fidelity Wise Origin Bitcoin Fund	-13.8%	64.88	11112026	75.31	9212026	51
ETHA	iShares Ethereum Trust ETF	-22.2%	47.06	11112026	60.45	9282026	44

ETF Fund Flows

Largest fund inflows and outflows across ETFs, with the asset-allocation rotation they imply.

Net fund flows

#	Ticker	Name	Type	Net flow	% of AUM
No data.

#	Ticker	Name	Type	Net flow	% of AUM
No data.

#	Ticker	Name	Type	Net flow	% of AUM
No data.

#	Ticker	Name	Type	Net flow	% of AUM
No data.

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
No data.

#	Ticker	Name	Type	Net flow	% of AUM
No data.

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
No data.

#	Ticker	Name	Type	Net flow	% of AUM
No data.

#	Ticker	Name	Type	Net flow	% of AUM
No data.

#	Ticker	Name	Type	Net flow	% of AUM
No data.

#	Ticker	Name	Type	Net flow	% of AUM
No data.

#	Ticker	Name	Type	Net flow	% of AUM
No data.

Largest ETF fund flows across ~ funds (min AUM $100M). Net creations/redemptions; leveraged & inverse ETFs excluded. A ⚠ marks a day excluded as a suspected data error.

Set Alerts and Notifications

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About THRO

Holdings Count: 246
Expense Ratio: 0.57%
Inception Date: 2021-12-14

iShares U.S. Thematic Rotation Active ETF
The iShares U.S. Thematic Rotation Active ETF seeks long-term capital appreciation.
Asset Class: Equity | ETF Website

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
CRWV	CoreWeave	33.5	24.7%	-15.1%
DJT	Trump Media & Technology	1.4	21.3%	-60.8%
AZTA	Azenta	2.2	20.8%	47.0%
AXTI	AXT	2.9	19.5%	187.3%
REZI	Resideo Technologies	3.5	18.3%	-34.5%
EQPT	EquipmentShare.com	4.0	18.1%	-50.9%
FRMI	Fermi	1.2	17.5%	-77.4%
RXT	Rackspace Technology	0.8	16.8%	222.4%
RUM	Rumble	1.7	16.6%	-5.7%
LGN	Legence	2.8	15.7%	-13.8%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
LWLG	Lightwave Logic	0.5	-19.1%	9.6%
DNA	Ginkgo Bioworks	0.6	-14.7%	23.3%
BV	BrightView	0.9	-13.6%	-22.1%
AADX	Applied Aerospace & Defense	1.4	-13.2%	-51.1%
BGSI	Boyd Services	2.1	-12.8%	-51.4%
ELE	Elemental Royalty	0.9	-12.5%	-16.6%
NAVI	Navient	0.6	-12.2%	-51.8%
RGTI	Rigetti Computing	3.7	-8.6%	-49.8%
MIR	Mirion Technologies	4.3	-8.1%	-24.4%
ZYME	Zymeworks	2.1	-7.6%	10.4%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
XERS	Xeris Biopharma	2.9	57.9%	110.4%
FLY	Firefly Aerospace	4.3	55.1%	19.0%
APP	AppLovin	135.9	48.9%	-39.9%
DCTH	Delcath Systems	0.8	46.9%	115.5%
AOSL	Alpha & Omega Semiconductor	0.9	45.8%	55.8%
ONT	Onterris	0.8	45.5%	-5.5%
FRVO	Fervo Energy	2.0	45.4%	-64.6%
BKSY	BlackSky Technology	0.9	43.7%	28.5%
WRBY	Warby Parker	3.7	41.6%	38.4%
ARDT	Ardent Health	2.6	40.0%	106.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
VCYT	Veracyte	2.0	-52.2%	-40.4%
MNTN	MNTN	0.4	-52.0%	-58.3%
STLN	Starling Oncology	0.4	-39.5%	-18.8%
PAYS	PaySign	0.5	-38.0%	84.1%
PRAA	PRA	0.5	-36.2%	-27.2%
NRDS	Nerdwallet	0.5	-34.8%	-43.2%
NAVI	Navient	0.6	-34.7%	-51.8%
IRTC	iRhythm	2.9	-33.8%	-50.0%
EMAT	Evolution Metals & Technologies	0.8	-33.8%	-94.2%
AGNT	AGNT	0.5	-33.4%	-67.6%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
LQDA	Liquidia	4.9	105.9%	60.1%
SGRY	Surgery Partners	3.4	83.2%	72.6%
REPL	Replimune	2.3	79.9%	124.1%
GDYN	Grid Dynamics	1.1	77.8%	53.2%
ONT	Onterris	0.8	76.7%	-5.5%
ULH	Universal Logistics	0.8	74.8%	104.0%
VRDN	Viridian Therapeutics	3.4	71.5%	0.4%
XNCR	Xencor	3.0	69.9%	161.1%
UPBD	Upbound	1.5	64.0%	54.0%
AXGN	Axogen	3.2	62.1%	79.1%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
AESI	Atlas Energy Solutions	0.7	-52.9%	-40.8%
FRMI	Fermi	1.2	-51.3%	-77.4%
MNTN	MNTN	0.4	-49.1%	-58.3%
IOVA	Iovance Biotherapeutics	3.6	-44.2%	196.3%
MPT	Medical Properties Trust	1.1	-43.1%	-62.2%
AAOI	Applied Optoelectronics	4.6	-42.9%	60.2%
PCT	PureCycle Technologies	0.4	-41.9%	-76.7%
VCYT	Veracyte	2.0	-41.8%	-40.4%
SGML	Sigma Lithium	0.6	-40.7%	-60.9%
BXBL	BOXABL	5.9	-39.5%	-80.0%

Peer Comparisons

Peers to compare with:

Profile

	THRO	ARKK	URA	BOTZ	ROBO	LIT	Median
Name	iShares U..	ARK Innova.	Global X U.	Global X F.	ROBO Globa.	Global X L.
Asset Class	Equity	Equity	Equity	Equity	Equity	Equity	-
AUM ($ Bil)	7.4	7.9	4.6	3.0	1.9	1.1	3.8
Expense Ratio	0.57%	0.75%	0.69%	0.68%	0.95%	0.75%	0.72%
10-D Avg Volume (Mil)	0.73	4.86	3.43	0.70	0.15	0.22	0.72
Latest Day Volume (Mil)	0.70	-	5.32	0.75	0.17	0.17	0.70
Holdings Count	246	10	60	81	79	41	70
Inception Date	12/14/2021	10/31/2014	11/4/2010	9/12/2016	10/21/2013	7/22/2010	-

Fundamentals

	THRO	ARKK	URA	BOTZ	ROBO	LIT	Median
Name	iShares U..	ARK Innova.	Global X U.	Global X F.	ROBO Globa.	Global X L.
Net Asset Value	43.25	78.98	33.08	32.33	74.67	60.17	-
Premium/Discount	-0.9%	-0.6%	1.7%	-0.3%	-0.8%	1.5%	-0.5%
Distribution Yield	0.3%	0.0%	6.2%	0.5%	0.4%	0.8%	0.5%
Sales Yield	29.6%	11.1%	3.9%	13.1%	26.5%	41.6%	19.8%
Earnings Yield	4.4%	1.0%	0.5%	2.5%	2.4%	4.1%	2.5%

Valuation

	THRO	ARKK	URA	BOTZ	ROBO	LIT	Median
Name	iShares U..	ARK Innova.	Global X U.	Global X F.	ROBO Globa.	Global X L.
P/S (TTM)	3.4x	9.0x	25.8x	7.6x	3.8x	2.4x	5.7x
P/E (TTM)	22.7x	98.3x	217.2x	40.1x	41.4x	24.4x	40.7x
P/FCF (TTM)	38.8x	-	-	62.5x	51.0x	11.7x	44.9x
Forward P/E	17.4x	-	-	-	-	-	17.4x
Forward P/S	3.0x	-	-	-	-	-	3.0x

Risk

	THRO	ARKK	URA	BOTZ	ROBO	LIT	Median
Name	iShares U..	ARK Innova.	Global X U.	Global X F.	ROBO Globa.	Global X L.
Volatility (1Y)	15.3%	38.3%	50.9%	27.4%	28.8%	30.2%	29.5%
Volatility (3Y)	17.2%	39.9%	44.0%	25.6%	24.5%	31.9%	28.8%
Volatility (5Y)	17.2%	47.1%	43.3%	27.5%	25.0%	31.6%	29.5%
Beta (1Y)	1.09	2.23	2.46	1.66	1.81	1.32	1.73
Beta (3Y)	1.03	2.08	1.54	1.43	1.37	1.07	1.40
Beta (5Y)	1.03	2.11	1.41	1.39	1.27	1.06	1.33
Sharpe Ratio (1Y)	0.75	0.05	-0.39	-0.31	0.40	0.09	0.07
Sharpe Ratio (3Y)	0.84	0.77	0.51	0.50	0.71	0.40	0.61
Sharpe Ratio (5Y)	0.84	0.04	0.37	0.01	0.16	-0.09	0.10
Max Drawdown (1Y)	-10.9%	-23.7%	-49.9%	-26.4%	-23.8%	-34.7%	-25.1%
Max Drawdown (3Y)	-19.1%	-39.6%	-49.9%	-29.0%	-27.9%	-38.1%	-33.6%
Max Drawdown (5Y)	-19.1%	-76.0%	-49.9%	-55.5%	-43.7%	-65.9%	-52.7%

Returns

	THRO	ARKK	URA	BOTZ	ROBO	LIT	Median
Name	iShares U..	ARK Innova.	Global X U.	Global X F.	ROBO Globa.	Global X L.
1M Return	-3.9%	-10.0%	-10.0%	-7.8%	-7.2%	-9.7%	-8.8%
3M Return	-3.5%	-5.0%	-25.7%	-14.8%	-12.9%	-18.2%	-13.8%
6M Return	0.8%	0.5%	-36.9%	-22.6%	-15.1%	-31.8%	-18.8%
YTD Return	11.3%	2.0%	-21.3%	-11.0%	6.9%	-5.8%	-1.9%
1Y Return	10.9%	-5.3%	-27.9%	-11.5%	7.6%	-1.8%	-3.5%
2Y Return	27.1%	50.5%	19.4%	-2.4%	29.3%	40.5%	28.2%
3Y Return	-	97.3%	46.3%	33.0%	54.1%	25.7%	46.3%

Short Interest

Short Interest: As Of Date	10302026
Short Interest: Shares Quantity	0.3 Mil
Short Interest: % Change Since 10152026	1.8%
Average Daily Volume	0.5 Mil
Days-to-Cover Short Interest	1

External Quote Links

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1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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iShares U.S. Thematic Rotation Active ETF (THRO)

Market Price (11/12/2026): $42.84

iShares U.S. Thematic Rotation Active ETF (THRO)

Market Price (11/12/2026): $42.84

Key Takeaways

Price Chart

Asset Allocation with THRO

Valuation & Yield

Top 20 Holdings for THRO

Performance for THRO Top Holdings

Guidance Updates for THRO Top Holdings

Return vs. Risk

Price Returns Compared

Sharpe Ratios Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

In The Past

Preserve Wealth

Asset Allocation

THRO Dip Buy History

Current Dip Buy Opportunities Across ETFs

ETF Fund Flows

Set Alerts and Notifications

Stay Informed

Trade & Investment Ideas

Wealth

Alert Me Periodically

Inform Me Once

About THRO

Latest Trefis Analyses

Recent Active Movers

Top Gainers

Top Losers

Top Gainers

Top Losers

Top Gainers

Top Losers

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons

Profile

Fundamentals

Valuation

Risk

Returns

Short Interest

Returns Analyses

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