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THROvsQVMLETF 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

QVML

Invesco S&P 500 QVM Multi-factor ETF

This fund is part of

US Multi-Factor

-0.91%

Full QVML fund page

iShares U.S. Thematic Rotation Active ETF (THRO) belongs to the Multiple Trends segment. Invesco S&P 500 QVM Multi-factor ETF (QVML) is part of the US Multi-Factor segment. THRO's top 3 sector exposures are Technology, Consumer Non-Cyclicals and Finance. In contrast, QVML's top sector exposures are Technology, Finance and Consumer Non-Cyclicals. THRO is more expensive with a Total Expense Ratio (TER) of 0.57%, versus 0.11% for QVML. THRO is up 13.52% year-to-date (YTD) with -$948M in YTD flows. QVML performs better with 13.63% YTD performance, and +$20M in YTD flows. Run a side-by-side ETF comparison of THRO and QVML 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 QVML 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 QVML	+0.93%+1.55%	+2.51%+2.05%	+13.52%+13.63%	+17.42%+17.77%	+87.28%+83.40%	n/a+84.86%
Flows	THRO QVML	+$601M+$41M	+$802M+$187M	-$948M+$20M	-$42M+$35M	+$5.65B+$207M	-+$246M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	THRO QVML	+12.35%+10.93%	+14.46%+12.42%	+16.14%+14.90%	n/a+16.58%
Max drawdown	THRO QVML	-3.62%-3.05%	-10.86%-8.73%	-19.10%-18.54%	n/a-23.56%
Max drawdown duration	THRO QVML	10d53d	77d70d	154d127d	n/a707d

Trading data

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	THRO	QVML
Last sale 10/16/2026 at 1:30 PM	$43.65	$45.28
Previous close 10/15/2026	$44.14	$45.75
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	QVML
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	QVML
Last price	$43.65	$45.28
1D performance	-1.11%	-1.03%
AuM	$7.38 B	$1.69 B
E/R	0.57%	0.11%

Characteristics

	THRO	QVML
Management strategy	Active	Passive
Provider	iShares	Invesco
Benchmark	-	S&P 500 Quality, Value & Momentum Top 90% Multi-factor Index
N° of holdings	246	431
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	December 16, 2021	June 30, 2021
ESG	No	No

More THRO data on Trackinsight

More QVML data on Trackinsight

Exposure

Countries

THRO

USA

98.08%

Other

1.92%

QVML

USA

97.54%

Other

2.46%

Sectors

THRO

Technology

48.55%

Consumer Non-Cycl.

10.69%

Finance

10.3%

Industrials

8.75%

Healthcare

7.7%

Other

14%

QVML

Technology

47.54%

Finance

14.03%

Consumer Non-Cycl.

9.38%

Healthcare

8.9%

Industrials

7.62%

Other

12.53%

Diversification

THRO

Total weight of top 15 holdings out of 15

52.54%

QVML

Total weight of top 15 holdings out of 15

48.33%

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%

QVML

NVIDIA Corp.

8.75%

Apple, Inc.

7.40%

Microsoft Corp.

6.39%

Alphabet, Inc.

4.63%

Amazon.com, Inc.

4.62%

Broadcom Inc.

3.39%

Meta Platforms, Inc.

2.41%

Micron Technology, Inc.

1.85%

JPMorgan Chase & Co.

1.49%

Berkshire Hathaway, Inc.

1.48%

Eli Lilly & Co.

1.47%

Advanced Micro Devices, Inc.

1.43%

Visa, Inc.

1.05%

Johnson & Johnson

0.99%

ExxonMobil Holdings Corp.

0.98%

Frequently asked questions about THRO and QVML

How have the THRO and QVML ETFs performed in 2026?

As of October 16, 2026, THRO is up 13.52% year-to-date (YTD), while QVML has returned 13.63%. That puts QVML better performer ahead so far this year.

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

Year-to-date, the THRO ETF saw -$948M in flows, compared to +$20M for QVML.

Which ETF is more volatile: THRO or QVML?

Over the past year, THRO had a volatility of 14.46%, while QVML experienced 12.42%.

Which ETF is bigger: THRO or QVML?

As of October 16, 2026, THRO holds $7.38 B in assets under management (AUM), while QVML manages $1.69 B.

What sectors do the THRO and QVML ETFs invest in?

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

THROvsQVMLETF Comparison

iShares U.S. Thematic Rotation Active ETF

Invesco S&P 500 QVM Multi-factor ETF

THRO vs QVML 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 QVML ETFs performed in 2026?

As of October 16, 2026, THRO is up 13.52% year-to-date (YTD), while QVML has returned 13.63%. That puts QVML better performer ahead so far this year.

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

Year-to-date, the THRO ETF saw -$948M in flows, compared to +$20M for QVML.

Which ETF is more volatile: THRO or QVML?

Over the past year, THRO had a volatility of 14.46%, while QVML experienced 12.42%.

Which ETF is bigger: THRO or QVML?

As of October 16, 2026, THRO holds $7.38 B in assets under management (AUM), while QVML manages $1.69 B.

What sectors do the THRO and QVML ETFs invest in?

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

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

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

Which ETF is more diversified: THRO or QVML?

THRO holds 248 securities with 52.54% of its assets in the top 15. QVML has 431 securities and a top 15 weight of 48.33%.

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