iShares U.S. Thematic Rotation Active ETF (THRO) is a tactical trend-following ETF. As of October 9, 2026, ETF Copilot scores THRO 7.8 out of 10 — highest on Value (9.0), lowest on Risk (5.8). It trades at 24.4 times earnings, against its own median of 28.5. Its ten largest holdings are 44% of the fund.
What stands out in THRO's data
Actively rotates among U.S. market themes, following trends.
Trades at a richer price than the typical trend-following fund — you pay more for each unit of earnings.
Its trailing EBITDA multiple of 19.2x runs above the category median of 18.4x, though analysts expect earnings to grow 24% in the coming year.
A trend-driven sleeve that shifts exposure as market leadership changes.
Why did THRO move this week? It rose 0.8% in the week to October 9, 2026 — Microsoft and Amazon.com drove it
THRO rose 0.8% in the week to October 9, 2026. The holdings that moved it most were Microsoft (+3.4%), Amazon.com (+4.3%) and Walmart (+6.8%); Nvidia (−2.0%) pushed the other way.
How is THRO rated? ETF Copilot scores iShares U.S. Thematic Rotation Active ETF (THRO) 7.8 out of 10
As of October 9, 2026, ETF Copilot scores iShares U.S. Thematic Rotation Active ETF (THRO) 7.8 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 7.8 / 10
- Growth: 8.0 / 10
- Value: 9.0 / 10
- Risk: 5.8 / 10
- Quality: 9.0 / 10
- Return: 7.4 / 10
Is THRO expensive right now? It trades at 24.4 times earnings, against its own median of 28.5
As of October 9, 2026, THRO is cheaper than 96% of its own last 2 years.
Trailing 12 months, built from THRO's holdings. How we calculate this →
What's inside THRO? 51% Tech
What's inside THRO: Size (Large 95%, Mid 5%, Small 0%); Geography (International 2%, US 99%); Tech 50.8%; Magnificent 7 36.8%; AI 25.2%; Semiconductors 21.3%; Memory 17.2%.
What are THRO's top holdings? The ten largest are 44% of the fund
Nvidia, Apple, Microsoft, Amazon.com, Alphabet, JPMorgan Chase, Exxonmobil, Micron Technology, Walmart and Caterpillar are THRO's largest holdings, in that order.
More concentrated than 64% of Tactical/Trend ETFs.
Half of THRO's weight sits in its 14 largest positions, and once those weights are taken into account it behaves like 33 equally weighted holdings.
What is THRO's expense ratio? 0.57% a year
As of October 9, 2026, THRO charges 0.57% a year, yields 0.23% and holds $7.5B in assets across 249 positions.
| Measure | THRO |
|---|---|
| Expense ratio | 0.57% |
| Dividend yield | 0.23% |
| Assets under management | $7.5B |
| Holdings | 249 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “iShares U.S. Thematic Rotation Active ETF (THRO) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/thro
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