THTA
SoFi Enhanced Yield ETF
THTA is an actively managed fund that invests in US government securities combined with a credit spread option strategy. The funds goal is to generate monthly income, and pursue risk-adjusted returns, independent of trends in the equity and bond markets.
Risk Management
DERIVATIVES
Active
MANAGEMENT STYLE
35.7 M
ASSETS UNDER MGMT
49 bp
EXPENSES
Fund Basics
| Fund sponsor | |
| Category | Risk Management |
| Asset class | Derivatives |
| Website | link... |
| Inception date | Nov 15, 2023 |
| Assets (mns) | $36 |
| Expense ratio | 49 bp |
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Monthly |
| Taxation | 1099 |
| Derivatives-based | Yes |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top Holdings
| UNITED STATES TREASURY BILL 11/28/2025 | 44.3 % |
| UNITED STATES TREASURY NOTE/BOND 3% 07/15/202 | 26.7 % |
| UNITED STATES TREASURY NOTE/BOND 3.875% 01/15 | 24.4 % |
| UNITED STATES TREASURY BILL 08/14/2025 | 3.5 % |
| SPXW US 07/11/25 P4950 | 2.9 % |
| CASH & OTHER | 0.8 % |
| UNITED STATES TREASURY NOTE/BOND 4.25% 10/15/ | 0.6 % |
| SPXW US 07/11/25 P5000 | -3.2 % |
Asset Allocation
Historical Performance
Standardized Performance (as of 05/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -21.7% | -25.5% | -- | -- | -- | -- | -- | -17.2% |
| Dividend Yield | 4.0% | 9.5% | -- | -- | -- | -- | -- | 10.1% |
| Total Returns | -17.7% | -16.0% | -- | -- | -- | -- | -- | -7.1% | Ann. Volatility | 46.3% | 31.8% | -- | -- | -- | -- | -- | 25.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.34 | 5% |
| MSCI EAFE | 0.27 | 3% |
| MSCI Emg Mkts | 0.10 | 0% |
Liquidity Measures
| Avg. volume (000) | 24 |
| ADV traded (mns) | $0 |
| Turnover | 1.0% |
| Avg. Bid/Ask (% of price) | 0.71% |
Technical Indicators
| Recent close | $15.01 |
| 30d moving avg. | $14.81 |
| Annualized volatility | 19.5% |
| Relative strength (RSI) | 43 |
| Short interest | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Expense Analysis
| Peer Group | Active Risk Management Derivatives ETFs |
| # of ETFs | 109 |
| Avg. Expense Ratio | 85.0 bp |
| Std. Deviation | 17 bp |
| THTA (49 bp) Percentile rank | 3 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| THTA | 49.0 | 70.8 | 119.8 |
| Peer Avg. | 93.9 | 36.4 | 130.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .