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VPXvsTHROETF Comparison

ETF 1

VPX

Variant Perception Cycle Aware US Equity ETF

This fund is part of

US Multi-Factor

-0.62%

Full VPX fund page

VS

ETF 2

THRO

iShares U.S. Thematic Rotation Active ETF

This fund is part of

Multiple Trends

-1.24%

Full THRO fund page

Variant Perception Cycle Aware US Equity ETF (VPX) belongs to the US Multi-Factor segment. iShares U.S. Thematic Rotation Active ETF (THRO) is part of the Multiple Trends segment. VPX's top 3 sector exposures are Technology, Finance and Healthcare. In contrast, THRO's top sector exposures are Technology, Consumer Non-Cyclicals and Finance. VPX is more expensive with a Total Expense Ratio (TER) of 0.75%, versus 0.57% for THRO. Run a side-by-side ETF comparison of VPX and THRO 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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VPX vs THRO 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 07/17/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	VPX THRO	+1.80%-1.27%	+11.99%+5.81%	n/a+9.76%	n/a+18.02%	n/a+74.51%	n/an/a
Flows	VPX THRO	+$2M-$69M	+$3M-$2.16B	--$1.73B	-+$195M	-+$4.87B	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	VPX THRO	+14.59%+15.35%	n/a+14.20%	n/a+16.14%	n/an/a
Max drawdown	VPX THRO	-3.72%-4.99%	n/a-10.86%	n/a-19.10%	n/an/a
Max drawdown duration	VPX THRO	8d45d	n/a77d	n/a154d	n/an/a

Trading data

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	VPX	THRO
Last sale 7/17/2026 at 1:30 PM		$42.26
Previous close 07/16/2026		$42.63
Consolidated volume 07/16/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Main metrics

Last update 7/17/2026 at 1:30 PM

Live

Closed

	VPX	THRO
Last price	–	$42.26
1D performance	–	-0.87%
AuM	$44.99 M	$6.40 B
E/R	0.75%	0.57%

Characteristics

	VPX	THRO
Management strategy	Active	Active
Provider	Alpha Architect	iShares
Benchmark	-	-
N° of holdings	3258	228
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	March 11, 2026	December 16, 2021
ESG	No	No

More VPX data on Trackinsight

More THRO data on Trackinsight

Exposure

Countries

VPX

USA

97.48%

Other

2.52%

THRO

USA

98.14%

Other

1.86%

Sectors

VPX

Technology

47.31%

Finance

17.58%

Healthcare

10.65%

Consumer Non-Cycl.

10.41%

Other

14.05%

THRO

Technology

55.13%

Consumer Non-Cycl.

12.57%

Finance

10.77%

Industrials

8.11%

Other

13.42%

Diversification

VPX

Total weight of top 15 holdings out of 15

50.84%

THRO

Total weight of top 15 holdings out of 15

57.76%

Top 15 holdings

Data as of May 31, 2026

VPX

NVIDIA Corp.

5.84%

Apple, Inc.

5.21%

Broadcom Inc.

5.05%

Microsoft Corp.

4.69%

Micron Technology, Inc.

3.60%

Berkshire Hathaway, Inc.

3.50%

Eli Lilly & Co.

3.45%

Amazon.com, Inc.

3.42%

Advanced Micro Devices, Inc.

3.18%

JPMorgan Chase & Co.

2.81%

Oracle Corp.

2.42%

Johnson & Johnson

2.00%

Visa, Inc.

1.97%

Lam Research Corp.

1.89%

Tesla, Inc.

1.82%

THRO

Apple, Inc.

8.73%

NVIDIA Corp.

8.10%

Microsoft Corp.

6.89%

Amazon.com, Inc.

5.72%

Alphabet, Inc.

4.78%

Micron Technology, Inc.

3.40%

Broadcom Inc.

3.27%

JPMorgan Chase & Co.

2.88%

Alphabet, Inc.

2.42%

Caterpillar, Inc.

2.18%

Walmart, Inc.

2.10%

Meta Platforms, Inc.

1.86%

Applied Materials, Inc.

1.84%

Visa, Inc.

1.80%

Cisco Systems, Inc.

1.79%

Frequently asked questions about VPX and THRO

VPXvsTHROETF Comparison

Variant Perception Cycle Aware US Equity ETF

iShares U.S. Thematic Rotation Active ETF

VPX vs THRO 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

Which ETF is bigger: VPX or THRO?

As of July 17, 2026, VPX holds $44.99 M in assets under management (AUM), while THRO manages $6.40 B.

What sectors do the VPX and THRO ETFs invest in?

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

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

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

Which ETF is more diversified: VPX or THRO?

VPX holds 3397 securities with 50.84% of its assets in the top 15. THRO has 229 securities and a top 15 weight of 57.76%.

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