XRLX vs. THRO

Last updated Jun 4, 2026

XRLX (FundX Conservative ETF) and THRO (iShares U.S. Thematic Rotation Active ETF) are both Tactical Allocation funds. Both are actively managed. Over the past year, XRLX returned 17.90% vs 26.45% for THRO. Their correlation of 0.94 suggests significant overlap in exposure. XRLX charges 1.63%/yr vs 0.60%/yr for THRO.

Performance

XRLX vs. THRO - Performance Comparison

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

Returns By Period

In the year-to-date period, XRLX achieves a 7.85% return, which is significantly lower than THRO's 12.78% return.

XRLX

• 1D: -0.47%
• 1M: 4.47%
• YTD: 7.85%
• 6M: 8.12%
• 1Y: 17.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —

THRO

• 1D: -0.55%
• 1M: 6.78%
• YTD: 12.78%
• 6M: 12.56%
• 1Y: 26.45%
• 3Y*: 24.41%
• 5Y*: —
• 10Y*: —

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

XRLX vs. THRO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
XRLX FundX Conservative ETF	7.85%	7.85%	17.61%	7.14%
THRO iShares U.S. Thematic Rotation Active ETF	12.78%	15.04%	32.03%	9.07%

Correlation

The correlation between XRLX and THRO is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (All Time) Calculated using the full available price history since Oct 10, 2023	0.94

The correlation between XRLX and THRO has been stable across timeframes, ranging from 0.94 to 0.94 - a consistent structural relationship.

XRLX vs. THRO - Sectors Allocation Comparison

Sectors	XRLX	THRO
Technology	36.8%	40.7%
Financial Services	12.1%	12.1%
Communication Services	11.9%	11.6%
Consumer Cyclical	10.0%	8.6%
Industrials	7.1%	10.4%
Healthcare	6.6%	6.6%
Consumer Defensive	4.9%	7.1%
Energy	3.3%	1.7%
Utilities	3.2%	0.1%
Basic Materials	2.7%	0.9%
Real Estate	1.4%	-

Return for Risk

XRLX vs. THRO — Risk / Return Rank

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

XRLX

XRLX Risk / Return Rank: 67
XRLX Sharpe Ratio Rank: 68
XRLX Sortino Ratio Rank: 70
XRLX Omega Ratio Rank: 69
XRLX Calmar Ratio Rank: 58
XRLX Martin Ratio Rank: 70

THRO

THRO Risk / Return Rank: 57
THRO Sharpe Ratio Rank: 60
THRO Sortino Ratio Rank: 60
THRO Omega Ratio Rank: 57
THRO Calmar Ratio Rank: 49
THRO Martin Ratio Rank: 60

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.

XRLX vs. THRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FundX Conservative ETF (XRLX) and iShares U.S. Thematic Rotation Active ETF (THRO). 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.

	XRLX	THRO	Difference
Sharpe ratio: Return per unit of total volatility	2.22	2.05	+0.17
Sortino ratio: Return per unit of downside risk	3.18	2.86	+0.32
Omega ratio: Gain probability vs. loss probability	1.41	1.36	+0.05
Calmar ratio: Return relative to maximum drawdown	2.86	2.44	+0.42
Martin ratio: Return relative to average drawdown	12.92	10.84	+2.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XRLX vs. THRO - Sharpe Ratio Comparison

The current XRLX Sharpe Ratio is 2.22, which is comparable to the THRO Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of XRLX and THRO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XRLX	THRO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.22	2.05	+0.17
Sharpe Ratio (All Time) Calculated using the full available price history	1.41	0.75	+0.67

Drawdowns

XRLX vs. THRO - Drawdown Comparison

The maximum XRLX drawdown since its inception was -15.33%, smaller than the maximum THRO drawdown of -26.54%. Use the drawdown chart below to compare losses from any high point for XRLX and THRO.

Drawdown Indicators

	XRLX	THRO	Difference
Max Drawdown Largest peak-to-trough decline	-15.33%	-26.54%	+11.21%
Max Drawdown (1Y) Largest decline over 1 year	-6.28%	-10.87%	+4.59%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.07%	—
Current Drawdown Current decline from peak	-0.47%	-0.55%	+0.08%
Average Drawdown Average peak-to-trough decline	-1.70%	-6.69%	+4.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.39%	2.45%	-1.06%

Volatility

XRLX vs. THRO - Volatility Comparison

The current volatility for FundX Conservative ETF (XRLX) is 2.59%, while iShares U.S. Thematic Rotation Active ETF (THRO) has a volatility of 3.47%. This indicates that XRLX experiences smaller price fluctuations and is considered to be less risky than THRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XRLX	THRO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.59%	3.47%	-0.88%
Volatility (6M) Calculated over the trailing 6-month period	6.65%	10.09%	-3.44%
Volatility (1Y) Calculated over the trailing 1-year period	8.10%	13.00%	-4.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.05%	18.72%	-7.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.05%	18.72%	-7.67%

XRLX vs. THRO - Expense Ratio Comparison

XRLX has a 1.63% expense ratio, which is higher than THRO's 0.60% expense ratio.

Dividends

XRLX vs. THRO - Dividend Comparison

XRLX's dividend yield for the trailing twelve months is around 2.57%, more than THRO's 0.16% yield.

Position	TTM	2025	2024	2023	2022
THRO iShares U.S. Thematic Rotation Active ETF	0.16%	0.15%	0.73%	0.55%	0.90%
XRLX FundX Conservative ETF	2.57%	2.77%	1.66%	1.68%	0.00%

Frequently Asked Questions

Can I hold both XRLX and THRO in my portfolio?

With a correlation of 0.94, XRLX and THRO 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.

Which is riskier, XRLX or THRO?

THRO has higher volatility (3.47%) compared to XRLX (2.59%). In terms of maximum drawdown, XRLX dropped -15.33% vs THRO's -26.54%.

Which ETF is better, XRLX or THRO?

On 1-year performance, THRO leads with 26.45% vs 17.90% for XRLX. On fees, THRO is cheaper at 0.60% per year. On volatility, XRLX has been the lower-risk option at 2.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XRLX or THRO?

Over the 1-year period, THRO has performed better with a 26.45% return vs 17.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XRLX or THRO?

THRO is cheaper with a 0.60% expense ratio, compared with 1.63% for XRLX.

Which ETF pays a higher dividend yield, XRLX or THRO?

XRLX has the higher dividend yield at 2.57%, compared with 0.16% for THRO.

What is the main difference between XRLX and THRO?

They also come from different issuers: FundX and iShares. Their fees differ too: 1.63% for XRLX and 0.60% for THRO.

Which has better risk-adjusted returns?

XRLX currently has the higher Sharpe Ratio (2.22 vs 2.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.