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Launched · SEC filings

THOR AdaptiveRisk Dynamic ETF

THMRNYSEC

$26.55+0.04 (+0.13%)

As of Oct 13, 2026, 3:23 PM

C48/ 100

Rank 31 of 46 in Tactical Allocation

C48/100Rank 31 of 46inTactical Allocation
Intraday session: up, 5 prints from 26.51 to 26.55. Range 26.51 to 26.55. Use the arrow keys to read each point.26.5226.5326.5426.5510 AM12 PM2 PM4 PM
Expense ratio
1.10%
Fund size
$44M
1Y total return
—
Yield · Last 12 months
—
Holdings
21
Avg volume · 30D
0M sh
NAV per share
$26.40
52W range
low $24.47high $27.76
Launched
Filings
SEC EDGAR

The ETF.net THMR Grade

C

Score 48 out of 100

Category
Tactical Allocation⁠
Rank
31 of 46
Six-pillar profile for THMR. Scores out of 100: Cost 29, Risk 34, Mission 71, Tradability 55, Holdings 70, Durability 32. Strongest: Mission (71). Weakest: Cost (29). Leans toward Mission and Holdings.

Score 48 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 33 of 46

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A71 out of 100
    Rank 11 of 27

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D34 out of 100
    Rank 38 of 46

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B55 out of 100
    Rank 19 of 46

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A70 out of 100
    Rank 13 of 43

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D32 out of 100
    Rank 39 of 46

Our read on THMR

ETF.net Research

CA machine-learning-assisted tactical allocator that roams across stocks, bonds, commodities and alternatives, and is allowed to reach for leveraged ETFs when it wants more punch. Fully active, unconstrained, and priced like it.

Stated mandate

The Fund seeks capital appreciation through an actively managed, risk-managed multi-strategy approach. It dynamically allocates among strategies investing in stocks, ETFs and leveraged ETFs across equities, fixed income, commodities and alternatives, using machine-learning-assisted allocation optimization.

Why people hold it

  1. 01One ticker, many markets: the manager can shift among equities, fixed income, commodities and alternatives instead of riding a fixed blend.
  2. 02The toolkit includes leveraged ETFs, so exposure can be dialed up or down inside the fund rather than by you placing the trades.
  3. 03Actively managed with machine-learning-assisted allocation optimization, so there is no index to hug when the tape turns.

Worth knowing

  1. 01Costs 1.10% a year, above the typical tactical multi-asset fund and well above top-ranked peers such as ENDW (0.22%) and ONOF (0.39%).
  2. 02A small asset base and light trading can mean wider spreads, which shows up most on large or hurried orders.
  3. 03A 2026 launch built for capital appreciation, not income, and leveraged ETF positions amplify moves in both directions.

THMR Holdings

As of Oct 11, 2026
Asset class
Stocks
Holdings
21
Top-10 weight
79%
Largest holding
PDBC14.8%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001PDBCInvesco Optimum Yield Diversified Commodity Strategy No K-1 ETF14.79%327,625$6M7
002USDUWisdomTree Bloomberg U.S. Dollar Bullish Fund14.49%232,356$6M5
003BITOProShares Bitcoin Strategy ETF USD Class12.37%489,739$5M1
004TQQQProShares UltraPro QQQ USD Class8.86%47,482$4M3
005XLEState Street Energy Select Sector SPDR ETF USD Class6.83%45,734$3M31
006MAGSRoundhill Magnificent Seven ETF4.93%29,116$2M8
007NVDANVIDIA Corporation4.60%8,745$2M847
008SMHVanEck Semiconductor ETF USD Class4.54%3,281$2M12
009PFIXSimplify Interest Rate Hedge ETF USD Class4.45%31,418$2M1
010EETHProShares Ether ETF USD Class3.11%45,441$1M1
011XOMExxonMobil Holdings Corporation3.05%7,871$1M511
012BTALAGFiQ US Market Neutral Anti-Beta Fund2.91%105,161$1M1
013PLTRPalantir Technologies, Inc.2.52%5,259$1M525
014LLYEli Lilly & Company2.37%876$1M583
015AAPLApple, Inc.2.20%2,849$959K715

Showing 1–15 of 21 holdings

THMR Performance

Launched Apr 8, 2026

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.Not enough history yet.Not enough history yet.
THMR$10,359
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. THMR $10,359. SPY $10,332. Use the arrow keys to read each point.$9,599$10,056$10,512Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – 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 THMR. Periods over one year show the average yearly return.
PeriodTHMR
Year to dateFund launched this year—
1 month+3.1%
3 months+3.6%
1 yearFund is under 1 year old—
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 THMR
YearReturn barTHMR
2026 YTD+5.3%

History from Apr 9, 2026

THMR in the news

Filtered to THMR · Tactical Allocation

THMR 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.
—Last 12 months
Payout per share
—Last 12 months

Listed Apr 2026. No distributions yet.

THMR Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Apr 2026; fills in after 12 months
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.
—
Launched Apr 2026; fills in after 12 months
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.
—
Launched Apr 2026; fills in after 12 months
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.
1.49
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.

THMR Cost

Expense ratio1.10%
  • The middle half of Tactical Allocation funds
  • Median 0.91%

32 of the 46 Tactical Allocation funds charge less.

THMR costs $110.00 a year on $10,000. The median Tactical Allocation fund costs $90.50.

Other funds in Tactical Allocation

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