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 M
ASSETS UNDER MGMT
90 bp
EXPENSES
Fund Basics
| Fund sponsor | iShares |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 14, 2021 |
| Assets (mns) | $8 |
| Expense ratio | 90 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Stock selection | |
| Weighting | |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| NVIDIA CORP | 8.1 % |
| MICROSOFT CORP | 6.9 % |
| APPLE INC | 5.5 % |
| AMAZON.COM INC | 3.8 % |
| TJX COMPANIES INC | 3.1 % |
| COSTCO WHOLESALE CORP | 2.9 % |
| ROSS STORES INC | 2.8 % |
| META PLATFORMS INC | 2.3 % |
| BERKSHIRE HATHAWAY INC-CL B | 2.3 % |
| PROCTER & GAMBLE CO/THE | 2.2 % |
Constituent Breakdown
| Number of holdings | 151 |
| Herfindahl-Hirschman Index | 251 |
| Wgt avg mkt cap (mns) | $711,921 |
| Large cap (>$10bn) | 92.4% |
| Mid cap ($2-10bn) | 7.2% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 94.2 % |
 |
IRELAND | 1.7 % |
 |
ISRAEL | 1.6 % |
 |
BRITAIN | 0.7 % |
 |
CANADA | 0.6 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -- | -- | -- | -- | -- | -- | -- | Volatility | 15.0% | 14.3% | 15.5% | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.09 | 96% |
| MSCI EAFE | 0.96 | 71% |
| MSCI Emg Mkts | 0.66 | 36% |
Liquidity Measures
| Avg. volume (000) | 23 |
| Turnover | 9.6% |
| Avg. Bid/Ask (% of price) | 0.00% |
| ADV of underlying (mns) | $106,517 |
Technical Indicators
| Recent close | $33.68 |
| 30d moving avg. | $34.91 |
| Annualized volatility | 19.9% |
| Relative strength (RSI) | 59 |
| Short interest (ETF) | 3.0% |
| Short interest (underlying) | 0.0% |
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 |
|---|---|---|---|---|
| BTHM | BlackRock Future U.S. Themes ETF | 80.5% | -30 bp | +0.1% |
| STXG | Strive 1000 Growth ETF | 45.8% | -72 bp | +0.0% |
| SPXV | ProShares S&P 500 Ex-Health Care ETF | 45.3% | -81 bp | +0.7% |
| OMFL | Invesco Russell 1000 Dynamic Multifactor ETF | 45.1% | -61 bp | +0.3% |
| IWL | iShares Russell Top 200 ETF | 44.9% | -75 bp | +0.8% |
| XVV | iShares ESG Screened S&P 500 ETF | 44.8% | -82 bp | +0.9% |
| DYNF | BlackRock U.S. Equity Factor Rotation ETF | 44.7% | -60 bp | +0.8% |
| MGC | Vanguard Mega Cap ETF | 44.6% | -83 bp | +0.9% |
| SPYX | SPDR S&P 500 Fossil Fuel Reserves Free ETF | 44.3% | -70 bp | +0.8% |
| SPXN | ProShares S&P 500 Ex-Financials ETF | 44.2% | -81 bp | +1.1% |
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.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 12/18/2024
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
THRO
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
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
THRO
4.0%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.6%. THRO's ALTAR Score™ is approximately
0.6 standard deviations
below
the category average. This places THRO in the 26th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
THROSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| THRO (90 bp) Percentile rank | 75 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| THRO | 90.0 | 0.0 | 90 |
| Peer Avg. | 56.8 | 24.6 | 81.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .