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Launched · SEC filings

THOR AdaptiveRisk Dynamic ETF

THMRNYSETHORC

$24.88−0.44 (−1.73%)

As of Nov 2, 2026, 3:58 PM ET

C44/ 100

Rank 33 of 46 in Tactical Allocation

C44/100Rank 33 of 46inTactical Allocation
Intraday session: down, 73 prints from 25.32 to 24.88. Range 24.86 to 25.32. Use the arrow keys to read each point.25.0025.1025.2010 AM12 PM2 PM4 PM
Expense ratio
1.10%
Fund size
$42M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
20
Avg volume · 30D
12.9K sh
52W range
low $24.47high $27.76
Launched
Filings
SEC EDGAR

The ETF.net THMR Grade

C

Score 44 out of 100

Category
Tactical Allocation⁠
Rank
33 of 46
Six-pillar profile for THMR. Scores out of 100: Cost 22, Risk 28, Mission 70, Tradability 49, Holdings 68, Durability 33. Strongest: Mission (70). Weakest: Cost (22). Leans toward Mission and Holdings.

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.
    F22 out of 100
    Rank 36 of 46

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A70 out of 100
    Rank 12 of 27

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D28 out of 100
    Rank 39 of 46

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C49 out of 100
    Rank 27 of 46

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B68 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.
    D33 out of 100
    Rank 38 of 46

Our read on THMR

ETF.net Research

In short

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

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

Worth knowing

  • Costs 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%).
  • A small asset base and light trading can mean wider spreads, which shows up most on large or hurried orders.
  • A 2026 launch built for capital appreciation, not income, and leveraged ETF positions amplify moves in both directions.

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$10,160
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,141
Jul 31, 2026 to Oct 30, 2026. THMR $10,160. SPY $10,141. Use the arrow keys to read each point.$10,000$10,250$10,500$10,750Jul 2026Sep 2026Oct 2026

Jul 31, 2026 – 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 THMR. Periods over one year show the average yearly return.
PeriodTHMR
Year to dateFund launched this yearNo data
1 month−3.5%
3 months+1.6%
1 yearFund is under 1 year oldNo data
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 THMR
YearReturn barTHMR
2026 YTD+0.6%

History from Apr 9, 2026

THMR in the news

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 30, 2026.
No dataLast 12 months
Payout per share
No dataLast 12 months

Listed Apr 2026. No distributions yet.

THMR Risk

Risk pillarD28 out of 100Rank 39 of 46 in Tactical Allocation
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.

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

THMR Cost

Compare THMR and ENDW

Overpaying vs ENDW, cheapest in Tactical Allocation

$15,733

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

  • THMR 1.10%

    $20,291

  • ENDW 0.22% Cheapest

    $4,558

$10,000
30 years

Cost over time

  • THMR 1.10%
  • ENDW 0.22%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530THMR $20,291ENDW $4,558

Year by year

YearTHMRENDWOverpaying
10$1,931$401$1,530
20$7,225$1,561$5,664
30$20,291$4,558$15,733

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