ETF Evaluator:
THOR Index Rotation ETF ()
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(as of Aug 26)
Best Performing in Tactical Allocation Over the Last Year
| 31.2% | Relative Sentiment Tactical Allc ETF (MOOD) |
| 27.5% | RH Tactical Rotation ETF (RHRX) |
| 25.2% | Cambria Global Momentum ETF (GMOM) |
| 24.3% | STF Tactical Growth ETF (TUG) |
| 23.1% | Alexis Practical Tactical ETF (LEXI) |
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ETF Details
THOR Index Rotation ETF Overview
THOR Index Rotation ETF (THIR) is a passively managed Allocation Tactical Allocation exchange-traded fund (ETF). THOR launched the ETF in 2024.
The investment seeks to provide investment results that generally correspond, before fees and expenses, to the performance of the THOR SDQ Rotation Index.
The fund seeks to achieve its investment objective by investing its total assets in securities included in the index. The rules-based index is comprised of U.S. index ETFs. The primary goal of the index is to gain exposure to U.S. large cap equities while attempting to lower volatility by avoiding indexes and ETFs that are currently in a down trending cycle, in the view of the Adviser.
About THOR Index Rotation ETF (THIR)
There are 2 members of the management team with an average tenure of 1.85 years: Bradley Roth (2024) and Cameron Roth (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: THOR SDQ Rotation TR USD index with a weighting of 100%. THOR Index Rotation ETF has 4 securities in its portfolio. The top 10 holdings constitute 100.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
THOR Index Rotation ETF is part of the Allocation global asset class and is within the Allocation ETF group. THOR Index Rotation ETF has 0.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 98.6% There is 0.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). THOR Index Rotation ETF has 1.2% of the portfolio in cash.
Assets Under Management
The fund has $199 million in total assets, which is above the $144 million average for the Tactical Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
THIR Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The THOR Index Rotation ETF expense ratio is above average compared to funds in the Tactical Allocation category. THOR Index Rotation ETF has an expense ratio of 0.69%, which is 29% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. THOR Index Rotation ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 261% for the Tactical Allocation category.
Recently, in the month of July 2026, THOR Index Rotation ETF returned -2.6%, which earned it a grade of D, as the Tactical Allocation category had an average return of -1.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
THOR Index Rotation ETF has a trailing yield of 0.34%, which is below the 2.15% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
THOR Index Rotation ETF Grades
Year to date, the ETF has returned 3.9%, 3.6 percentage points worse than the category, which translates into a grade of D. The fund has returned 13.3% over the past year (grade of D).
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THIR Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| THIR Return (NAV) | -2.6% | 4.3% | 13.3% | na | na | na |
| THIR Return (Price) | -2.9% | 4.4% | 13.3% | na | na | na |
| NAV +/- Price Return | 0.256% | -0.102% | -0.013% | na | na | na |
| Tactical Allocation Avg | -1.4% | 1.6% | 15.9% | 10.6% | 5.4% | 7.4% |
| THIR Grade (NAV) | D | A | D | na | na | na |
| +/- Category (NAV) | -1.3% | 2.7% | -2.7% | na | na | na |
| THIR Tax-Cost Ratio | na | na | 0.1% | na | na | na |
THIR Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| THIR Return (NAV) | 3.9% | 25.7% | na | na | na | na | na | na | na | na | na |
| THIR Return (Price) | 4.0% | 25.2% | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.026% | -0.019% | na | na | na | na | na | na | na | na | na |
| Tactical Allocation Avg | 7.5% | 12.7% | 11.7% | 10.7% | -13.3% | 16.9% | 7.5% | 14.0% | -6.3% | 19.2% | 7.1% |
| THIR Grade (NAV) | D | A | na | na | na | na | na | na | na | na | na |
| +/- Category | -3.6% | 13.0% | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 0.3% |
| Total Assets: | $ 199 Mil |
| Share Class Assets: | $ 199 Mil |
| Turnover: | na |
| Expense Ratio: | 0.69% |
| Index Fund: | Yes |
| Index Tracked: | THOR SDQ Rotation TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 1.9 years | |||
| Average Tenure: 1.9 years | |||
| Managers (Year): Roth Bradley (2024), Roth Cameron (2024) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 4 |
| % in Top 10 Holdings: | 100.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.3% |
Portfolio Allocation |
|
| Domestic Stock: | 98.6% |
| Foreign Stock: | 0.3% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.2% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | THOR |
| Phone Number: | 800-974-6964 |
| Website: | |
| Inception Date: | September 23, 2024 |
Expenses and Fees
| Expense Ratio (%): | 0.69% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.97% |
