iShares U.S. Thematic Rotation Active ETF
$44.38−0.21 (−0.48%)
- Expense ratio
- 0.57%
- Fund size
- $7.0B
- 1Y return
- +17.5%
- Yield · Last 12 months
- 0.29%
- Holdings
- 247
- Volume · 30D
- 1.5M sh
- NAV per share
- $44.60
- 52W range
The ETF.net THRO Grade
Score 63 of 100 sits in the B 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.BScore 63Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 73Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 55Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 66Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 61Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 89Category rank
Our read on THRO
BMost thematic ETFs make you pick the theme and the timing. THRO hands both jobs to BlackRock's active team, rotating a roughly 240-stock U.S. portfolio as themes move in and out of favor.
The fund seeks long-term capital appreciation by actively adjusting its exposure to changing themes in the U.S. market.
Why people hold it
- You're buying the rotation, not one theme. Managers actively shift exposure across changing U.S. themes, spread over roughly 240 stocks instead of a dozen pure plays.ishares.com
- Sits among the stronger implementations in the U.S. thematic group, and it's a multi-billion-dollar fund that trades actively rather than a thin novelty listing.
- Live since 2021 and run under the iShares banner, so it comes with full-scale fund operations behind the stock picking.
Worth knowing
- 0.57% a year is what the theme calls cost. Broad U.S. index funds charge a small fraction of that, so the manager has ground to make up.
- Active and index-free: no benchmark to check the work against, and the portfolio can look very different from the broad U.S. market at any moment.ishares.com
- Built for long-term capital appreciation. Distributions come quarterly and are a byproduct, not the mandate.
THRO Holdings
- Stocks
- 247
- 43%
- AAPL
Sectors
- Technology43.2%
- Industrials10.4%
- Financials10.0%
- Communication8.2%
- Consumer Discr.8.1%
- Health Care7.8%
- Cons. Staples5.4%
- Energy4.5%
- Utilities1.3%
- Materials1.1%
Geography
- United States98.53%
- Israel0.76%
- Bermuda0.31%
- United Kingdom0.18%
- Ireland0.14%
- Germany0.08%
THRO Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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.
| Period | THRO |
|---|---|
| Year to date | +16.0% |
| 1 month | +2.4% |
| 3 months | +3.7% |
| 1 year | +17.5% |
| 3 years | +24.7% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | THRO |
|---|---|---|
| 2026 YTD | +16.0% | |
| 2025 | +15.0% | |
| 2024 | +32.0% | |
| 2023 | +24.4% | |
| 2022 | −17.8% | |
| 2021 | +2.1% |
THRO in the news
ETF.net Research hasn’t filed on THRO yet — coverage lands here as it’s written.
THRO Dividends
- 0.29%
- $0.13
- $0.05 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 15, 2026 | Sep 18, 2026 | $0.05 |
| Jun 15, 2026 | Jun 18, 2026 | $0.05 |
| Mar 17, 2026 | Mar 20, 2026 | $0.02 |
| Dec 16, 2025 | Dec 19, 2025 | $0.01 |
| Sep 16, 2025 | Sep 19, 2025 | $0.03 |
| Jun 16, 2025 | Jun 20, 2025 | $0.008 |
| Mar 18, 2025 | Mar 21, 2025 | $0.0049 |
| Dec 30, 2024 | Jan 3, 2025 | $0.0045 |
| Dec 17, 2024 | Dec 20, 2024 | $0.18 |
| Sep 25, 2024 | Sep 30, 2024 | $0.03 |
| Jun 11, 2024 | Jun 17, 2024 | $0.01 |
| Mar 21, 2024 | Mar 27, 2024 | $0.01 |
THRO Risk
- 14.4%
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.
- 1.15
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.
- −26.5%
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.
- 1.09
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
THRO Cost
- The middle half of US Active Equity funds
- Median 0.70%
45 of the 124 US Active Equity funds charge less.