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
$ 8.1 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 | 8.3 % |
| NVIDIA CORP | 7.1 % |
| MICROSOFT CORP | 6.1 % |
| AMAZON.COM INC | 4.7 % |
| ALPHABET INC. CLASS A | 4.2 % |
| JPMORGAN CHASE & CO | 3.1 % |
| BROADCOM INC. | 2.7 % |
| ALPHABET INC. CLASS C | 2.5 % |
| WAL-MART STORES INC | 2.5 % |
| META PLATFORMS INC | 2.2 % |
Constituent Breakdown
| Number of holdings | 241 |
| Herfindahl-Hirschman Index | 281 |
| Wgt avg mkt cap (mns) | $1,544,735 |
| Large cap (>$10bn) | 96.9% |
| Mid cap ($2-10bn) | 2.3% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 98.6% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 96.6 % |
 |
ISRAEL | 1.1 % |
Historical Performance
Standardized Performance (as of 03/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -6.1% | 14.3% | 11.1% | 17.3% | -- | -- | -- | 9.1% |
| Dividend Yield | 0.0% | 0.2% | 0.5% | 0.5% | -- | -- | -- | 0.6% |
| Total Returns | -6.0% | 14.5% | 11.6% | 17.8% | -- | -- | -- | 9.7% | Ann. Volatility | 15.8% | 18.3% | 17.2% | 15.8% | -- | -- | -- | 18.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.95 | 97% |
| MSCI EAFE | 0.82 | 63% |
| MSCI Emg Mkts | 0.68 | 57% |
Liquidity Measures
| Avg. volume (000) | 1,188 |
| ADV traded (mns) | $47 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.03% |
Technical Indicators
| 30d moving avg. (EMA) | $37.26 |
| Relative strength (RSI) | 54 |
| MACD/Signal | 0.03/-0.28 |
| Bollinger Bands (Upper/Lower) | $38.45/$35.20 |
| 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 |
|---|---|---|---|---|
| MGC | Vanguard Mega Cap ETF | 67.6% | -83 bp | +0.7% |
| OEF | iShares S&P 100 ETF | 67.4% | -70 bp | +0.6% |
| IWL | iShares Russell Top 200 ETF | 67.0% | -75 bp | +0.7% |
| OEI | Optimized Equity Income ETF | 65.6% | -15 bp | +0.2% |
| INRO | iShares U.S. Industry Rotation Active ETF | 63.4% | -48 bp | +0.4% |
| SPYX | State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF | 62.6% | -70 bp | +0.8% |
| VV | Vanguard Large-Cap ETF | 62.4% | -86 bp | +0.9% |
| VOO | Vanguard S&P 500 ETF | 62.3% | -87 bp | +1.0% |
| SPXE | ProShares S&P 500 Ex-Energy ETF | 62.2% | -81 bp | +0.8% |
| SPY | SPDR S&P 500 ETF | 62.1% | -81 bp | +0.9% |
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 4/17/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
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
4.0%
ALTAR SCORE™
23rd
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 1,203 funds in the US Equity category with an average
ALTAR Score™ of 5.5% 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
$45.71
PRICE TARGET
+15.8%
UPSIDE