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THMR

GradeCNew York Stock Exchange

THOR AdaptiveRisk Dynamic ETF

Multi-Asset & Alternatives · THOR · Inception 2026-04-08

$26.06−0.11 (−0.42%)

As of Sep 23, 2026, 1:45 PM EDT

History starts Apr 9, 2026.History starts Apr 9, 2026.History starts Apr 9, 2026.
Intraday session: down, 10 prints from 26.17 to 26.06. Range 26.05 to 26.18. Use the arrow keys to read each point.$26.10$26.15$26.2010 AM12 PM2 PM4 PM
Expense ratio
1.10%
Fund size
$44M
1Y return
—
Yield · Last 12 months
—
Volume · 30D
0M sh
NAV per share
$26.15
52W range
low $24.47high $27.76

The ETF.net THMR Grade

C

53/ 100

Rank 25 of 46 in Tactical Allocation⁠

Confidence High

Six-pillar profile for THMR. Scores out of 100: Cost 29, Risk 34, Mission 74, Tradability 86, Holdings 71, Durability 31. Strongest: Tradability (86). Weakest: Cost (29). Leans toward Tradability.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 53 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 29
    Category rank33/46 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 74
    Category rank12/26 · top 46%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 34
    Category rank37/46 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 86
    Category rank6/46 · top 13%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 71
    Category rank12/42 · top 29%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 31
    Category rank38/46 · bottom quartile

Graded as of Sep 22, 2026

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 Sep 20, 2026, 10:13 AM
Asset class
Stocks
Holdings
—
Top-10 weight
73%
Largest holding
USDU14.6%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001USDUWisdomTree Bloomberg U.S. Dollar Bullish Fund14.60%238,989$6M4
002XLEState Street Energy Select Sector SPDR ETF USD Class13.59%91,881$6M28
003IGLDFT Vest Gold Strategy Target Income ETF USD Class11.00%224,385$5M3
004NVDANVIDIA Corporation5.70%11,144$2M828
005TQQQProShares UltraPro QQQ USD Class5.43%32,500$2M3
006PDBCInvesco Optimum Yield Diversified Commodity Strategy No K-1 ETF4.88%107,927$2M7
007MAGSRoundhill Magnificent Seven ETF4.75%29,305$2M6
008SMHVanEck Semiconductor ETF USD Class4.60%3,493$2M9
009PFIXSimplify Interest Rate Hedge ETF USD Class4.56%37,264$2M1
010AVGOBroadcom, Inc.4.14%5,032$2M732
011BITOProShares Bitcoin Strategy ETF USD Class4.08%162,541$2M1
012XOMExxonMobil Holdings Corporation3.66%9,717$2M501
013AAPLApple, Inc.3.06%3,956$1M707
014LLYEli Lilly & Company2.87%1,083$1M569
015MSFTMicrosoft Corporation2.74%2,411$1M792

Showing 1–15 of 21 holdings

THMR Performance

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

THMR$10,096
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. THMR $10,096. SPY $10,415. Use the arrow keys to read each point.$9,502$10,011$10,520Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

Returns run to the Sep 22, 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+2.1%
3 months+1.0%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per 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+3.9%

History from Apr 9, 2026

THMR in the news

ETF.net Research hasn’t filed on THMR yet — coverage lands here as it’s written.

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 Sep 22, 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.