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
$ 7.1 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 | 8.6 % |
| NVIDIA CORP | 6.8 % |
| MICROSOFT CORP | 6.1 % |
| AMAZON.COM INC | 3.9 % |
| ALPHABET INC. CLASS A | 3.8 % |
| BERKSHIRE HATHAWAY INC-CL B | 3.1 % |
| COSTCO WHOLESALE CORP | 2.8 % |
| BROADCOM INC. | 2.7 % |
| JPMORGAN CHASE & CO | 2.7 % |
| ALPHABET INC. CLASS C | 2.7 % |
Constituent Breakdown
| Number of holdings | 249 |
| Herfindahl-Hirschman Index | 282 |
| 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. | 99.2% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 96.2 % |
 |
ISRAEL | 1.3 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -0.9% | 13.2% | 15.8% | 20.1% | -- | -- | -- | 10.7% |
| Dividend Yield | 0.0% | 0.2% | 0.5% | 0.6% | -- | -- | -- | 0.6% |
| Total Returns | -0.9% | 13.4% | 16.4% | 20.7% | -- | -- | -- | 11.4% | Ann. Volatility | 13.6% | 18.6% | 17.0% | 15.8% | -- | -- | -- | 18.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.95 | 97% |
| MSCI EAFE | 0.89 | 61% |
| MSCI Emg Mkts | 0.77 | 56% |
Liquidity Measures
| Avg. volume (000) | 1,758 |
| ADV traded (mns) | $62 |
| Turnover | 0.9% |
| Avg. Bid/Ask (% of price) | 0.03% |
Technical Indicators
| 30d moving avg. (EMA) | $37.33 |
| Relative strength (RSI) | 35 |
| MACD/Signal | -0.58/-0.44 |
| Bollinger Bands (Upper/Lower) | $38.62/$35.71 |
| Short interest (% of AUM) | 0.1% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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 | 67.1% | -83 bp | +0.6% |
| IWL | iShares Russell Top 200 ETF | 66.4% | -75 bp | +0.6% |
| OEF | iShares S&P 100 ETF | 64.0% | -70 bp | +0.6% |
| INRO | iShares U.S. Industry Rotation Active ETF | 62.8% | -48 bp | +0.4% |
| SPXE | ProShares S&P 500 Ex-Energy ETF | 62.5% | -81 bp | +0.8% |
| SPXV | ProShares S&P 500 Ex-Health Care ETF | 62.4% | -81 bp | +0.7% |
| ENHU | iShares Enhanced Large Cap Core Active ETF | 62.4% | -68 bp | +0.9% |
| SPYX | State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF | 62.2% | -70 bp | +0.7% |
| BBUS | JP Morgan Betabuilders U.S. Equity ETF | 61.9% | -88 bp | +0.9% |
| STXG | Strive 1000 Growth ETF | 61.9% | -72 bp | +0.1% |
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.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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 3/31/2026
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.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Rating
4.6%
ALTAR SCORE™
26th
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 1,196 funds in the US Equity category with an average
ALTAR Score™ of 5.9% and a standard deviation
of 2.1%. THRO's ALTAR Score™ is approximately -0.6 standard
deviations above the category average. This places THRO in the 26th percentile
among funds in the category.
Sell-Side Consensus
$45.78
PRICE TARGET
+30.4%
UPSIDE