THRO vs. WAMA
THRO (iShares U.S. Thematic Rotation Active ETF) and WAMA (WisdomTree U.S. Adaptive Moving Average Fund) are both Tactical Allocation funds. THRO is actively managed, while WAMA is passively managed. Their correlation of 0.95 suggests significant overlap in exposure. THRO charges 0.60%/yr vs 0.32%/yr for WAMA.
Performance
THRO vs. WAMA - Performance Comparison
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Returns By Period
THRO
- 1D
- -0.55%
- 1M
- 6.78%
- YTD
- 12.78%
- 6M
- 12.56%
- 1Y
- 26.45%
- 3Y*
- 24.41%
- 5Y*
- —
- 10Y*
- —
WAMA
- 1D
- -0.73%
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
THRO vs. WAMA - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
THRO iShares U.S. Thematic Rotation Active ETF | 3.70% |
WAMA WisdomTree U.S. Adaptive Moving Average Fund | 2.77% |
Correlation
The correlation between THRO and WAMA is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 7, 2026 | 0.95 |
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Return for Risk
THRO vs. WAMA — Risk / Return Rank
THRO
WAMA
THRO vs. WAMA - 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. Adaptive Moving Average Fund (WAMA). 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 | WAMA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.36 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | — | — |
| Martin ratioReturn relative to average drawdown | 10.84 | — | — |
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 | WAMA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.05 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 4.87 | -4.12 |
Drawdowns
THRO vs. WAMA - Drawdown Comparison
The maximum THRO drawdown since its inception was -26.54%, which is greater than WAMA's maximum drawdown of -1.91%. Use the drawdown chart below to compare losses from any high point for THRO and WAMA.
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Drawdown Indicators
| THRO | WAMA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.54% | -1.91% | -24.63% |
Max Drawdown (1Y)Largest decline over 1 year | -10.87% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -19.07% | — | — |
Current DrawdownCurrent decline from peak | -0.55% | -0.73% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -6.69% | -0.39% | -6.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.45% | — | — |
Volatility
THRO vs. WAMA - Volatility Comparison
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Volatility by Period
| THRO | WAMA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.47% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 10.09% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.00% | 9.20% | +3.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.72% | 9.20% | +9.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.72% | 9.20% | +9.52% |
THRO vs. WAMA - Expense Ratio Comparison
THRO has a 0.60% expense ratio, which is higher than WAMA's 0.32% expense ratio.
Dividends
THRO vs. WAMA - Dividend Comparison
THRO's dividend yield for the trailing twelve months is around 0.16%, while WAMA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
THRO iShares U.S. Thematic Rotation Active ETF | 0.16% | 0.15% | 0.73% | 0.55% | 0.90% |
WAMA WisdomTree U.S. Adaptive Moving Average Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.95, THRO and WAMA move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, WAMA is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WAMA is cheaper with a 0.32% expense ratio, compared with 0.60% for THRO.
THRO has the higher dividend yield at 0.16%, compared with 0.00% for WAMA.
They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.60% for THRO and 0.32% for WAMA.
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