Skip to content
etf.net

Launched

THOR Index Rotation ETF

THIRNYSETHORC

$32.67−0.15 (−0.46%)

At close: Nov 2, 2026, 4:00 PM ET

C50/ 100

Rank 10 of 20 in Trend-Following / Tactical Index

C50/100Rank 10 of 20inTrend-Following / Tactical Index
Intraday session: down, 79 prints from 32.82 to 32.67. Range 32.67 to 33.21. Use the arrow keys to read each point.32.9033.0033.1033.2010 AM12 PM2 PM4 PM
Expense ratio
0.69%
Fund size
$191M
1Y total return
+1.7%
Yield · Last 12 months
0.35%
Holdings
4
Avg volume · 30D
33.4K sh
52W range
low $30.15high $35.00
Launched

The ETF.net THIR Grade

Based on 5 of 6 pillars

C

Score 50 out of 100

Category
Trend-Following / Tactical Index⁠
Rank
10 of 20
Six-pillar profile for THIR. Scores out of 100: Cost 45, Risk 49, Mission not scored, Tradability 68, Holdings 42, Durability 57. Strongest: Tradability (68). Weakest: Holdings (42). Based on 5 of 6 pillars.

Score 50 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.
    C45 out of 100
    Rank 11 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.
    C49 out of 100
    Rank 11 of 20

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B68 out of 100
    Rank 5 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

In short

CMost trend-following ETFs flip one index between stocks and cash. THIR runs a weekly momentum read across three (S&P 500, Dow, Nasdaq 100), holds only the ones trending up, and parks the rest in cash. 0.69%, no waiver.

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

  • Picks which index, not just whether to be invested: a weekly signal rates the S&P 500, Dow and Nasdaq 100, and equal-weights whichever ones read risk-on.sec.gov
  • Defense is in the rules. If two of three signals turn risk-off, the index pairs the survivor with a 50% cash sleeve; in severe stretches it can sit fully in cash.sec.govbusinesswire.com
  • What you own is legible: three plain index ETFs and cash, rebalanced weekly, rather than a black-box basket of single names.sec.gov

Worth knowing

  • Costs 0.69% (gross and net, no waiver). Cheaper trend options exist in the group: WAMA at 0.32%, ONOF at 0.39%, PTLC at 0.60%.
  • All three indexes are US large-cap and overlap heavily, so an all-risk-on week looks a lot like plain large-cap beta.sec.gov
  • Launched in 2024, so the live record is short, and weekly rebalancing can mean higher turnover than a buy-and-hold tracker.businesswire.com

THIR Holdings

Holdings pillarC42 out of 100Rank 13 of 20 in Trend-Following / Tactical Index
Asset class
Stocks
Holdings
4
Top-10 weight
100%
Largest holding
DIA34.3%

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 States98.94%
  • Canada0.35%
  • Netherlands0.28%
  • Brazil0.12%
  • China0.11%
  • Switzerland0.09%
  • United Kingdom0.08%
  • Mexico0.02%
  • Other countries (1)0.01%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1DIAState Street SPDR Dow Jones Industrial Average ETF Trust34.30%124,367$64.3M18
2SPYState Street SPDR S&P 500 ETF Trust USD Class33.56%83,254$62.9M43
3QQQInvesco QQQ Trust Series 1 USD Class32.36%87,863$60.7M31
4BILSPDR Bloomberg 1-3 Month T-Bill ETF USD Class0.10%1,998$183K18

Showing 1–4 of 4 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$10,165
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. THIR $10,165. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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+1.9%
1 month−2.1%
3 months−2.0%
1 year+1.7%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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+1.9%
2025+25.2%
2024+3.2%

History from Sep 24, 2024

THIR in the news

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 30, 2026.
0.35%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

$10,000 in THIR 1 year ago paid $35.00 in dividends.

THIR Risk

Risk pillarC49 out of 100Rank 11 of 20 in Trend-Following / Tactical Index
How much the fund’s monthly returns vary, scaled to a year.
12.2%
Annualised · 25 months to Oct 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.
0.80
vs 3-month T-bills · 25 months to Oct 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%
25 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.

FMP measures it over up to five years of monthly returns.

THIR Cost

Compare THIR and WAMA

Overpaying vs WAMA, cheapest in Trend-Following / Tactical Index

$6,692

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • THIR 0.69%

    $13,429

  • WAMA 0.33% Cheapest

    $6,737

$10,000
30 years

Cost over time

  • THIR 0.69%
  • WAMA 0.33%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530THIR $13,429WAMA $6,737

Year by year

YearTHIRWAMAOverpaying
10$1,232$598$634
20$4,697$2,318$2,379
30$13,429$6,737$6,692

Other funds in Trend-Following / Tactical Index

See others