THRO
iShares U.S. Thematic Rotation Active ETF
iShares U.S. Thematic Rotation Active ETF seeks to provide long-term capital appreciation by actively investing in thematic sectors that exhibit growth potential.
US
EQUITY
Active
MANAGEMENT STYLE
$ 6.4 B
ASSETS UNDER MGMT
90 bp
EXPENSES
Fund Basics
| Inception date | Dec 14, 2021 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| APPLE INC | 7.8 % |
| NVIDIA CORP | 7.2 % |
| MICROSOFT CORP | 5.3 % |
| AMAZON.COM INC | 4.9 % |
| ALPHABET INC. CLASS A | 4.2 % |
| MICRON TECHNOLOGY INC | 3.4 % |
| JPMORGAN CHASE & CO | 3.2 % |
| BROADCOM INC. | 2.7 % |
| CATERPILLAR INC | 2.5 % |
| ALPHABET INC. CLASS C | 2.3 % |
Constituent Breakdown
| Number of holdings | 241 |
| Herfindahl-Hirschman Index | 338 |
| Wgt avg mkt cap (mns) | $1,544,735 |
| Large cap (>$10bn) | 96.5% |
| Mid cap ($2-10bn) | 0.5% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 97.7% |
| Emerging mkts. | 0.1% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 95.2 % |
 |
ISRAEL | 0.9 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 12.7% | 27.5% | 20.5% | 24.8% | -- | -- | -- | 13.3% |
| Dividend Yield | 0.0% | 0.2% | 0.5% | 0.6% | -- | -- | -- | 0.6% |
| Total Returns | 12.7% | 27.7% | 21.1% | 25.4% | -- | -- | -- | 13.9% | Ann. Volatility | 15.2% | 13.0% | 17.3% | 15.8% | -- | -- | -- | 18.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.07 | 95% |
| MSCI EAFE | 0.63 | 53% |
| MSCI Emg Mkts | 0.49 | 57% |
Liquidity Measures
| Avg. volume (000) | 1,447 |
| ADV traded (mns) | $62 |
| Turnover | 1.0% |
| Avg. Bid/Ask (% of price) | 0.02% |
Technical Indicators
| 30d moving avg. (EMA) | $42.34 |
| Relative strength (RSI) | 52 |
| MACD/Signal | 0.11/0.28 |
| Bollinger Bands (Upper/Lower) | $44.02/$41.53 |
| Short interest (% of AUM) | 0.1% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. THRO |
Expenses vs. THRO |
ALTAR Score™ vs. THRO |
|---|---|---|---|---|
| OEF | iShares S&P 100 ETF | 67.2% | -70 bp | +0.7% |
| IWL | iShares Russell Top 200 ETF | 66.9% | -75 bp | +0.8% |
| PQUS | Pictet AI Enhanced US Equity ETF | 65.4% | -68 bp | +0.9% |
| AAEQ | Alpha Architect US Equity 2 ETF | 65.4% | -75 bp | +0.8% |
| OEI | Optimized Equity Income ETF | 65.4% | -15 bp | +0.5% |
| AAUA | Alpha Architect US Equity 3 ETF | 65.0% | -75 bp | +0.5% |
| DYNF | BlackRock U.S. Equity Factor Rotation ETF | 64.7% | -60 bp | +1.1% |
| SPXV | ProShares S&P 500 Ex-Health Care ETF | 64.3% | -81 bp | +0.8% |
| JUST | Goldman Sachs JUST U.S. Large Cap Equity ETF | 63.8% | -70 bp | +1.1% |
| GSUS | Goldman Sachs MarketBeta U.S. Equity ETF | 63.6% | -83 bp | +1.0% |
Risk and Returns: THRO vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 7/4/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
3.8%
ALTAR SCORE™
23rd
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 1,395 funds in the US Equity category with an average
ALTAR Score™ of 5.3% and a standard deviation
of 2.1%. THRO's ALTAR Score™ is approximately -0.7 standard
deviations above the category average. This places THRO in the 23rd percentile
among funds in the category.
Sell-Side Consensus
$47.82
PRICE TARGET
+12.1%
UPSIDE