THRO vs. ACWI
Compare and contrast key facts about iShares U.S. Thematic Rotation Active ETF (THRO) and iShares MSCI ACWI ETF (ACWI).
THRO and ACWI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. THRO is an actively managed fund by iShares. It was launched on Dec 14, 2021. ACWI is a passively managed fund by iShares that tracks the performance of the MSCI All Country World Index. It was launched on Mar 26, 2008.
Performance
THRO vs. ACWI - Performance Comparison
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THRO vs. ACWI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
THRO iShares U.S. Thematic Rotation Active ETF | -6.03% | 15.04% | 32.03% | 24.40% | -17.85% | 2.14% |
ACWI iShares MSCI ACWI ETF | -2.21% | 22.41% | 17.45% | 22.27% | -18.39% | 1.99% |
Returns By Period
In the year-to-date period, THRO achieves a -6.03% return, which is significantly lower than ACWI's -2.21% return.
THRO
- 1D
- 3.19%
- 1M
- -5.19%
- YTD
- -6.03%
- 6M
- -4.26%
- 1Y
- 14.50%
- 3Y*
- 17.79%
- 5Y*
- —
- 10Y*
- —
ACWI
- 1D
- 3.11%
- 1M
- -6.11%
- YTD
- -2.21%
- 6M
- 0.97%
- 1Y
- 20.86%
- 3Y*
- 16.98%
- 5Y*
- 9.40%
- 10Y*
- 11.58%
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THRO vs. ACWI - Expense Ratio Comparison
THRO has a 0.60% expense ratio, which is higher than ACWI's 0.32% expense ratio.
Return for Risk
THRO vs. ACWI — Risk / Return Rank
THRO
ACWI
THRO vs. ACWI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Thematic Rotation Active ETF (THRO) and iShares MSCI ACWI ETF (ACWI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| THRO | ACWI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.80 | 1.20 | -0.40 |
Sortino ratioReturn per unit of downside risk | 1.27 | 1.77 | -0.50 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.27 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.38 | 1.79 | -0.41 |
Martin ratioReturn relative to average drawdown | 5.51 | 8.26 | -2.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| THRO | ACWI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 1.20 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.59 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.68 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.39 | +0.13 |
Correlation
The correlation between THRO and ACWI is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
THRO vs. ACWI - Dividend Comparison
THRO's dividend yield for the trailing twelve months is around 0.19%, less than ACWI's 1.59% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
THRO iShares U.S. Thematic Rotation Active ETF | 0.19% | 0.15% | 0.73% | 0.55% | 0.90% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ACWI iShares MSCI ACWI ETF | 1.59% | 1.55% | 1.70% | 1.88% | 1.79% | 1.71% | 1.43% | 2.33% | 2.18% | 1.94% | 2.19% | 2.56% |
Drawdowns
THRO vs. ACWI - Drawdown Comparison
The maximum THRO drawdown since its inception was -26.54%, smaller than the maximum ACWI drawdown of -56.00%. Use the drawdown chart below to compare losses from any high point for THRO and ACWI.
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Drawdown Indicators
| THRO | ACWI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.54% | -56.00% | +29.46% |
Max Drawdown (1Y)Largest decline over 1 year | -10.97% | -11.76% | +0.79% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.42% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.53% | — |
Current DrawdownCurrent decline from peak | -8.03% | -6.92% | -1.11% |
Average DrawdownAverage peak-to-trough decline | -6.92% | -8.69% | +1.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.74% | 2.54% | +0.20% |
Volatility
THRO vs. ACWI - Volatility Comparison
The current volatility for iShares U.S. Thematic Rotation Active ETF (THRO) is 5.66%, while iShares MSCI ACWI ETF (ACWI) has a volatility of 6.38%. This indicates that THRO experiences smaller price fluctuations and is considered to be less risky than ACWI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| THRO | ACWI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.66% | 6.38% | -0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 10.33% | 10.05% | +0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.25% | 17.48% | +0.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.89% | 15.97% | +2.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.89% | 17.08% | +1.81% |