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THROvsHEQTETF Comparison

ETF 1

THRO

iShares U.S. Thematic Rotation Active ETF

This fund is part of

Multiple Trends

-1.79%

Full THRO fund page

VS

ETF 2

HEQT

Simplify Hedged Equity ETF

This fund is part of

Options Strategies

-0.47%

Full HEQT fund page

iShares U.S. Thematic Rotation Active ETF (THRO) belongs to the Multiple Trends segment. Simplify Hedged Equity ETF (HEQT) is part of the Options Strategies segment. THRO's top 3 sector exposures are Technology, Consumer Non-Cyclicals and Finance. In contrast, HEQT's top sector exposures are Technology, Finance and Healthcare. THRO is more expensive with a Total Expense Ratio (TER) of 0.57%, versus 0.53% for HEQT. THRO is up 13.08% year-to-date (YTD) with -$1.59B in YTD flows. HEQT performs worse with 8% YTD performance, and -$50M in YTD flows. Run a side-by-side ETF comparison of THRO and HEQT below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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THRO vs HEQT performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 09/01/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	THRO HEQT	+0.72%+2.12%	+0.13%+2.77%	+13.08%+8.00%	+19.48%+13.40%	+79.34%+45.77%	n/an/a
Flows	THRO HEQT	+$131M-	-$349M-$29M	-$1.59B-$50M	-$134M-$34M	+$5.01B+$115M	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	THRO HEQT	+15.91%+7.30%	+14.57%+6.80%	+16.24%+7.72%	n/an/a
Max drawdown	THRO HEQT	-5.58%-1.91%	-10.86%-5.27%	-19.10%-10.18%	n/an/a
Max drawdown duration	THRO HEQT	62d16d	77d49d	154d149d	n/an/a

Trading data

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	THRO	HEQT
Last sale 9/2/2026 at 1:30 PM	$43.73	$34.36
Previous close 09/01/2026	$43.55	$34.22
Consolidated volume 09/01/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Main metrics

Last update 9/2/2026 at 1:30 PM

Live

Closed

	THRO	HEQT
Last price	$43.73	$34.36
1D performance	+0.41%	+0.41%
AuM	$6.74 B	$302.44 M
E/R	0.57%	0.53%

Characteristics

	THRO	HEQT
Management strategy	Active	Active
Provider	iShares	Simplify
Benchmark	-	-
N° of holdings	231	496
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	December 16, 2021	November 2, 2021
ESG	No	No

More THRO data on Trackinsight

More HEQT data on Trackinsight

Exposure

Countries

THRO

USA

95.1%

Other

4.9%

HEQT

USA

95.91%

Other

4.09%

Sectors

THRO

Technology

48.6%

Consumer Non-Cycl.

11.57%

Finance

10.95%

Industrials

8.37%

Healthcare

7.38%

Other

13.14%

HEQT

Technology

44.49%

Finance

13.93%

Healthcare

8.93%

Consumer Non-Cycl.

8.89%

Industrials

7.54%

Other

16.22%

Diversification

THRO

Total weight of top 15 holdings out of 15

54.3%

HEQT

Total weight of top 15 holdings out of 15

43.33%

Top 15 holdings

Data as of July 31, 2026

THRO

Apple, Inc.

8.89%

NVIDIA Corp.

7.36%

Microsoft Corp.

6.34%

Amazon.com, Inc.

4.97%

Alphabet, Inc.

4.10%

JPMorgan Chase & Co.

3.34%

Broadcom Inc.

2.75%

Micron Technology, Inc.

2.30%

US30233Q1085

2.28%

Caterpillar, Inc.

2.15%

Johnson & Johnson

2.12%

Alphabet, Inc.

2.05%

Walmart, Inc.

2.04%

RTX Corp.

1.80%

Visa, Inc.

1.80%

HEQT

Apple, Inc.

7.60%

NVIDIA Corp.

7.33%

Microsoft Corp.

5.20%

Amazon.com, Inc.

3.58%

Alphabet, Inc.

3.04%

Broadcom Inc.

2.85%

Alphabet, Inc.

2.45%

Meta Platforms, Inc.

1.84%

Micron Technology, Inc.

1.53%

JPMorgan Chase & Co.

1.46%

Berkshire Hathaway, Inc.

1.45%

Eli Lilly & Co.

1.42%

Tesla, Inc.

1.35%

Advanced Micro Devices, Inc.

1.23%

US30233Q1085

1.01%

Frequently asked questions about THRO and HEQT

How have the THRO and HEQT ETFs performed in 2026?

As of September 1, 2026, THRO is up 13.08% year-to-date (YTD), while HEQT has returned 8%. That puts THRO better performer ahead so far this year.

Which ETF is attracting more investor money: THRO or HEQT?

Year-to-date, the THRO ETF saw -$1.59B in flows, compared to -$50M for HEQT.

Which ETF is more volatile: THRO or HEQT?

Over the past year, THRO had a volatility of 14.57%, while HEQT experienced 6.8%.

Which ETF is bigger: THRO or HEQT?

As of September 1, 2026, THRO holds $6.74 B in assets under management (AUM), while HEQT manages $302.44 M.

What sectors do the THRO and HEQT ETFs invest in?

THRO leans toward sectors like Technology, Consumer Non-Cyclicals and Finance. Meanwhile, HEQT focuses on Technology, Finance and Healthcare.

What are the top holdings of the THRO ETF and HEQT ETF?

THRO top holdings include Apple, Inc., NVIDIA Corp. and Microsoft Corp.. HEQT holds in its top three: Apple, Inc., NVIDIA Corp. and Microsoft Corp..

Which ETF is more diversified: THRO or HEQT?

THRO holds 241 securities with 54.3% of its assets in the top 15. HEQT has 504 securities and a top 15 weight of 43.33%.

Tony’s ETF Buyer’s Guide: Hedged Equity ETFs

February 10, 2026

HEQT

Hedged Equity ETFs: Options-Based Alternatives to the 60/40 Portfolio

March 25, 2025

HEQT

THROvsHEQTETF Comparison

iShares U.S. Thematic Rotation Active ETF

Simplify Hedged Equity ETF

THRO vs HEQT performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the THRO and HEQT ETFs performed in 2026?

As of September 1, 2026, THRO is up 13.08% year-to-date (YTD), while HEQT has returned 8%. That puts THRO better performer ahead so far this year.

Which ETF is attracting more investor money: THRO or HEQT?

Year-to-date, the THRO ETF saw -$1.59B in flows, compared to -$50M for HEQT.

Which ETF is more volatile: THRO or HEQT?

Over the past year, THRO had a volatility of 14.57%, while HEQT experienced 6.8%.

Which ETF is bigger: THRO or HEQT?

As of September 1, 2026, THRO holds $6.74 B in assets under management (AUM), while HEQT manages $302.44 M.

What sectors do the THRO and HEQT ETFs invest in?

THRO leans toward sectors like Technology, Consumer Non-Cyclicals and Finance. Meanwhile, HEQT focuses on Technology, Finance and Healthcare.

What are the top holdings of the THRO ETF and HEQT ETF?

THRO top holdings include Apple, Inc., NVIDIA Corp. and Microsoft Corp.. HEQT holds in its top three: Apple, Inc., NVIDIA Corp. and Microsoft Corp..

Which ETF is more diversified: THRO or HEQT?

THRO holds 241 securities with 54.3% of its assets in the top 15. HEQT has 504 securities and a top 15 weight of 43.33%.

Tony’s ETF Buyer’s Guide: Hedged Equity ETFs

Hedged Equity ETFs: Options-Based Alternatives to the 60/40 Portfolio

Active Trader Report: Use of Leveraged & Inverse ETFs Way Up