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Launched

THOR Index Rotation ETF

THIRNYSEC

$33.96−0.06 (−0.18%)

As of Oct 13, 2026, 3:59 PM

C44/ 100

Rank 14 of 20 in Trend-Following / Tactical Index

C44/100Rank 14 of 20inTrend-Following / Tactical Index
Intraday session: down, 74 prints from 34.02 to 33.96. Range 33.89 to 34.05. Use the arrow keys to read each point.33.9033.9234.0034.0510 AM12 PM2 PM4 PM
Expense ratio
0.69%
Fund size
$198M
1Y total return
+10.7%
Yield · Last 12 months
0.33%
Holdings
5
Avg volume · 30D
0M sh
NAV per share
$34.09
52W range
low $30.15high $35.00
Launched

The ETF.net THIR Grade

Based on 5 of 6 pillars

C

Score 44 out of 100

Category
Trend-Following / Tactical Index⁠
Rank
14 of 20
Six-pillar profile for THIR. Scores out of 100: Cost 29, Risk 53, Mission not scored, Tradability 64, Holdings 42, Durability 57. Strongest: Tradability (64). Weakest: Cost (29). Based on 5 of 6 pillars.

Score 44 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D29 out of 100
    Rank 14 of 20

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C53 out of 100
    Rank 10 of 20

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B64 out of 100
    Rank 6 of 20

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C42 out of 100
    Rank 13 of 20

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B57 out of 100
    Rank 11 of 20

Our read on THIR

ETF.net Research

CAn index fund with an escape hatch. THIR tracks the THOR SDQ Rotation Index, a rulebook that rotates across US large-cap index ETFs and steps away from the ones in downtrends. Plain beta, plus a trend filter, in one ticker.

Stated mandate

The Fund seeks to track, before fees and expenses, the THOR SDQ Rotation Index. Its rules-based strategy uses U.S. index ETFs to pursue large-cap equity exposure while seeking lower volatility by avoiding indexes and ETFs in downtrends.

Why people hold it

  1. 01The rulebook does the deciding: it rotates among US index ETFs for large-cap exposure and avoids indexes and ETFs in downtrends, rather than leaving the call to a manager's mood.
  2. 02What it holds underneath is vanilla: US index ETFs, large-cap equity, inside a standard 1940 Act fund. The strategy is the wrapper, not the ingredients.
  3. 03One ticker stands in for a do-it-yourself trend rulebook: no personal spreadsheet deciding which index ETF to hold and which to skip this month.

Worth knowing

  1. 01At 0.70% a year it costs well more than plain index trackers such as SCHK (0.03%) or VOOV (0.07%). The rotation rules are what the extra buys.
  2. 02Launched in 2024, so the live record is short and has not yet spanned a full market cycle.
  3. 03Trend rules act after a move is underway, so the fund can be out of an index during the early stretch of a rebound. That is the mechanism working as designed.

THIR Holdings

As of Oct 11, 2026
Asset class
Stocks
Holdings
5
Top-10 weight
100%
Largest holding
QQQ33.9%

Sectors

  • Technology39.8%
  • Financials12.5%
  • Industrials9.6%
  • Consumer Discretionary9.4%
  • Communication9.3%
  • Health Care9.0%
  • Consumer Staples4.7%
  • Materials2.1%
  • Energy2.1%
  • Utilities1.0%
  • Real Estate0.6%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001QQQInvesco QQQ Trust Series 1 USD Class33.90%89,535$67M30
002SPYState Street SPDR S&P 500 ETF Trust USD Class33.30%84,871$66M42
003DIAState Street SPDR Dow Jones Industrial Average ETF Trust32.98%126,776$65M17
004—Receivables/Payables0.17%346,309$346K41
005BILSPDR Bloomberg 1-3 Month T-Bill ETF USD Class0.09%2,031$186K19

Showing 1–5 of 5 holdings

THIR Performance

Launched Sep 23, 2024

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
THIR$11,071
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. THIR $11,071. SPY $12,044. Use the arrow keys to read each point.$9,582$10,912$12,243Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for THIR. Periods over one year show the average yearly return.
PeriodTHIR
Year to date+5.6%
1 month+0.2%
3 months−1.3%
1 year+10.7%
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for THIR
YearReturn barTHIR
2026 YTD+5.6%
2025+25.2%
2024+3.2%

History from Sep 24, 2024

THIR in the news

Filtered to THIR · Trend-Following / Tactical Index

THIR Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 12, 2026.
0.33%Last 12 months
Payout per share
$0.11Last 12 months
Last payment
$0.11 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2024–2026

One bar per payment. 2 payments from 2024 to 2026 YTD. Dec 12, 2024 $0.08; Dec 12, 2025 $0.11. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Dec 12, 2025Dec 17, 2025$0.11
Dec 12, 2024Dec 17, 2024$0.08

THIR Risk

How much the fund’s monthly returns vary, scaled to a year.
12.2%
Annualised · 24 months to Sep 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.93
vs 3-month T-bills · 24 months to Sep 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−10.0%
24 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.78
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

THIR Cost

Expense ratio0.69%
  • The middle half of Trend-Following / Tactical Index funds
  • Median 0.60%

13 of the 20 Trend-Following / Tactical Index funds charge less.

THIR costs $69.00 a year on $10,000. The median Trend-Following / Tactical Index fund costs $60.00.

Other funds in Trend-Following / Tactical Index

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