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THROvsPBUSETF Comparison

ETF 1

THRO

iShares U.S. Thematic Rotation Active ETF

This fund is part of

Multiple Trends

-3.54%

Full THRO fund page

VS

ETF 2

PBUS

Invesco PureBeta MSCI USA ETF

This fund is part of

US Large Cap

-1.25%

Full PBUS fund page

iShares U.S. Thematic Rotation Active ETF (THRO) belongs to the Multiple Trends segment. Invesco PureBeta MSCI USA ETF (PBUS) is part of the US Large Cap segment. THRO's top 3 sector exposures are Technology, Consumer Non-Cyclicals and Finance. In contrast, PBUS's top sector exposures are Technology, Finance and Healthcare. THRO is more expensive with a Total Expense Ratio (TER) of 0.57%, versus 0.04% for PBUS. THRO is up 13.52% year-to-date (YTD) with -$948M in YTD flows. PBUS performs worse with 12.65% YTD performance, and -$1.21B in YTD flows. Run a side-by-side ETF comparison of THRO and PBUS 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 PBUS 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 10/16/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	THRO PBUS	+0.93%+1.39%	+2.51%+1.81%	+13.52%+12.65%	+17.42%+16.37%	+87.28%+81.86%	n/a+78.88%
Flows	THRO PBUS	+$601M-$996M	+$802M-$958M	-$948M-$1.21B	-$42M+$587K	+$5.65B+$3.64B	-+$4.78B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	THRO PBUS	+12.35%+11.21%	+14.46%+12.86%	+16.14%+15.15%	n/a+17.21%
Max drawdown	THRO PBUS	-3.62%-3.10%	-10.86%-9.06%	-19.10%-19.13%	n/a-25.42%
Max drawdown duration	THRO PBUS	10d53d	77d77d	154d126d	n/a715d

Trading data

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	THRO	PBUS
Last sale 10/16/2026 at 1:30 PM	$43.65	$76.46
Previous close 10/15/2026	$44.14	$77.34
Consolidated volume 10/15/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of September 30, 2026

1-year trailing difference

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THRO

is actively managed and doesn’t replicate an index

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	THRO	PBUS
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 10/16/2026 at 1:30 PM

Live

Closed

	THRO	PBUS
Last price	$43.65	$76.46
1D performance	-1.11%	-1.14%
AuM	$7.38 B	$10.59 B
E/R	0.57%	0.04%

Characteristics

	THRO	PBUS
Management strategy	Active	Passive
Provider	iShares	Invesco
Benchmark	-	MSCI USA Index
N° of holdings	246	522
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	December 16, 2021	September 22, 2017
ESG	No	No

More THRO data on Trackinsight

More PBUS data on Trackinsight

Exposure

Countries

THRO

USA

98.08%

Other

1.92%

PBUS

USA

97.35%

Other

2.65%

Sectors

THRO

Technology

48.55%

Consumer Non-Cycl.

10.69%

Finance

10.3%

Industrials

8.75%

Healthcare

7.7%

Other

14%

PBUS

Technology

44.86%

Finance

13.58%

Healthcare

9.25%

Consumer Non-Cycl.

8.85%

Industrials

7.7%

Other

15.76%

Diversification

THRO

Total weight of top 15 holdings out of 15

52.54%

PBUS

Total weight of top 15 holdings out of 15

42.8%

Top 15 holdings

Data as of August 31, 2026

THRO

NVIDIA Corp.

8.26%

Apple, Inc.

7.87%

Microsoft Corp.

6.55%

Amazon.com, Inc.

4.76%

Alphabet, Inc.

3.73%

JPMorgan Chase & Co.

2.77%

Broadcom Inc.

2.40%

ExxonMobil Holdings Corp.

2.29%

Micron Technology, Inc.

2.23%

Johnson & Johnson

2.12%

Caterpillar, Inc.

2.08%

Walmart, Inc.

2.02%

Visa, Inc.

1.91%

Alphabet, Inc.

1.87%

Tesla, Inc.

1.69%

PBUS

NVIDIA Corp.

7.91%

Apple, Inc.

6.94%

Microsoft Corp.

5.36%

Amazon.com, Inc.

3.73%

Alphabet, Inc.

2.98%

Broadcom Inc.

2.51%

Alphabet, Inc.

2.35%

Meta Platforms, Inc.

1.88%

Micron Technology, Inc.

1.59%

Tesla, Inc.

1.50%

JPMorgan Chase & Co.

1.43%

Eli Lilly & Co.

1.42%

Advanced Micro Devices, Inc.

1.17%

Berkshire Hathaway, Inc.

1.05%

ExxonMobil Holdings Corp.

0.98%

Frequently asked questions about THRO and PBUS

THROvsPBUSETF Comparison

iShares U.S. Thematic Rotation Active ETF

Invesco PureBeta MSCI USA ETF

THRO vs PBUS performance and flow charts

Performance

Cumulative Flows

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Countries

Sectors

Diversification

Top 15 holdings

How have the THRO and PBUS ETFs performed in 2026?

As of October 16, 2026, THRO is up 13.52% year-to-date (YTD), while PBUS has returned 12.65%. That puts THRO better performer ahead so far this year.

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

Year-to-date, the THRO ETF saw -$948M in flows, compared to -$1.21B for PBUS.

Which ETF is more volatile: THRO or PBUS?

Over the past year, THRO had a volatility of 14.46%, while PBUS experienced 12.86%.

Which ETF is bigger: THRO or PBUS?

As of October 16, 2026, THRO holds $7.38 B in assets under management (AUM), while PBUS manages $10.59 B.

What sectors do the THRO and PBUS ETFs invest in?

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

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

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

Which ETF is more diversified: THRO or PBUS?

THRO holds 248 securities with 52.54% of its assets in the top 15. PBUS has 525 securities and a top 15 weight of 42.8%.

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