THRO vs. QGRW

Last updated Apr 1, 2026

Compare and contrast key facts about iShares U.S. Thematic Rotation Active ETF (THRO) and WisdomTree U.S. Quality Growth Fund (QGRW).

THRO and QGRW 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. QGRW is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree U.S. Quality Growth Index. It was launched on Dec 15, 2022.

Performance

THRO vs. QGRW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Thematic Rotation Active ETF (THRO) and WisdomTree U.S. Quality Growth Fund (QGRW). The values are adjusted to include any dividend payments, if applicable.

THRO vs. QGRW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
THRO iShares U.S. Thematic Rotation Active ETF	-6.03%	15.04%	32.03%	24.40%	-1.25%
QGRW WisdomTree U.S. Quality Growth Fund	-8.93%	19.20%	34.85%	56.05%	-3.30%

Returns By Period

In the year-to-date period, THRO achieves a -6.03% return, which is significantly higher than QGRW's -8.93% return.

THRO

• 1D: 3.19%
• 1M: -5.19%
• YTD: -6.03%
• 6M: -4.26%
• 1Y: 14.50%
• 3Y*: 17.79%
• 5Y*: —
• 10Y*: —

QGRW

• 1D: 4.34%
• 1M: -5.68%
• YTD: -8.93%
• 6M: -6.77%
• 1Y: 21.81%
• 3Y*: 23.60%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

THRO vs. QGRW - Expense Ratio Comparison

THRO has a 0.60% expense ratio, which is higher than QGRW's 0.28% expense ratio.

THRO

iShares U.S. Thematic Rotation Active ETF

QGRW

WisdomTree U.S. Quality Growth Fund

Return for Risk

THRO vs. QGRW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

THRO

THRO Risk / Return Rank: 52
THRO Sharpe Ratio Rank: 46
THRO Sortino Ratio Rank: 49
THRO Omega Ratio Rank: 49
THRO Calmar Ratio Rank: 57
THRO Martin Ratio Rank: 58

QGRW

QGRW Risk / Return Rank: 57
QGRW Sharpe Ratio Rank: 54
QGRW Sortino Ratio Rank: 59
QGRW Omega Ratio Rank: 57
QGRW Calmar Ratio Rank: 59
QGRW Martin Ratio Rank: 58

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

THRO vs. QGRW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Thematic Rotation Active ETF (THRO) and WisdomTree U.S. Quality Growth Fund (QGRW). 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	QGRW	Difference
Sharpe ratio Return per unit of total volatility	0.80	0.91	-0.11
Sortino ratio Return per unit of downside risk	1.27	1.44	-0.17
Omega ratio Gain probability vs. loss probability	1.18	1.20	-0.02
Calmar ratio Return relative to maximum drawdown	1.38	1.40	-0.02
Martin ratio Return relative to average drawdown	5.51	5.31	+0.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

THRO vs. QGRW - Sharpe Ratio Comparison

The current THRO Sharpe Ratio is 0.80, which is comparable to the QGRW Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of THRO and QGRW, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	THRO	QGRW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.80	0.91	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	1.29	-0.78

Correlation

The correlation between THRO and QGRW is 0.91, 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. QGRW - Dividend Comparison

THRO's dividend yield for the trailing twelve months is around 0.19%, more than QGRW's 0.09% yield.

	TTM	2025	2024	2023	2022
THRO iShares U.S. Thematic Rotation Active ETF	0.19%	0.15%	0.73%	0.55%	0.90%
QGRW WisdomTree U.S. Quality Growth Fund	0.09%	0.09%	0.14%	0.11%	0.00%

Drawdowns

THRO vs. QGRW - Drawdown Comparison

The maximum THRO drawdown since its inception was -26.54%, which is greater than QGRW's maximum drawdown of -24.40%. Use the drawdown chart below to compare losses from any high point for THRO and QGRW.

Drawdown Indicators

	THRO	QGRW	Difference
Max Drawdown Largest peak-to-trough decline	-26.54%	-24.40%	-2.14%
Max Drawdown (1Y) Largest decline over 1 year	-10.97%	-15.44%	+4.47%
Current Drawdown Current decline from peak	-8.03%	-11.77%	+3.74%
Average Drawdown Average peak-to-trough decline	-6.92%	-3.32%	-3.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.74%	4.07%	-1.33%

Volatility

THRO vs. QGRW - Volatility Comparison

The current volatility for iShares U.S. Thematic Rotation Active ETF (THRO) is 5.66%, while WisdomTree U.S. Quality Growth Fund (QGRW) has a volatility of 7.81%. This indicates that THRO experiences smaller price fluctuations and is considered to be less risky than QGRW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	THRO	QGRW	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.66%	7.81%	-2.15%
Volatility (6M) Calculated over the trailing 6-month period	10.33%	13.90%	-3.57%
Volatility (1Y) Calculated over the trailing 1-year period	18.25%	24.18%	-5.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.89%	21.23%	-2.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.89%	21.23%	-2.34%