THRO vs SPLV

Comparison between BlackRock Future U.S. Themes ETF (THRO, ETF) and INVESCO S&P 500 LOW VOLATILITY ETF (SPLV, ETF).

THRO vs SPLV - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	THRO(ETF)	SPLV(ETF)
Net Assets	$7.30B	$7.30B
Expense Ratio	0.57%	0.25%
Max Drawdown	26.97%	36.56%
Sharpe Ratio	1.79	-0.14
5Y Beta	1.00	0.35
P/E Ratio	27.13	22.01
Forward P/E	21.44	20.90
PEG Ratio	0.52	0.89
5Y Dividends CAGR	N/A	7.67%
5Y EPS CAGR	27.00%	11.39%
Debt to Equity	49.70%	59.46%
P/S Ratio	3.04	2.39
P/B Ratio	5.91	2.93

Net Assets

THRO

$7.30B

SPLV

$7.30B

Expense Ratio

THRO

0.57%

Winner

SPLV

0.25%

Max Drawdown

Winner

THRO

26.97%

SPLV

36.56%

Sharpe Ratio

Winner

THRO

1.79

SPLV

-0.14

5Y Beta

THRO

1.00

Winner

SPLV

0.35

P/E Ratio

THRO

27.13

Winner

SPLV

22.01

Forward P/E

THRO

21.44

Winner

SPLV

20.90

PEG Ratio

Winner

THRO

0.52

SPLV

0.89

5Y Dividends CAGR

THRO

N/A

SPLV

7.67%

5Y EPS CAGR

Winner

THRO

27.00%

SPLV

11.39%

Debt to Equity

Winner

THRO

49.70%

SPLV

59.46%

P/S Ratio

THRO

3.04

Winner

SPLV

2.39

P/B Ratio

THRO

5.91

Winner

SPLV

2.93

THRO vs SPLV - Holdings Comparison

THRO and SPLV have 30 common holdings. Overlap is 10.38%

THRO's top 25 holdings weight is 66.77%. SPLV's top 25 holdings weight is 30.93%.

Rank	THRO	SPLV
#1	APPLE INC (AAPL) - 8.34%	SOUTHERN CO (SO) - 1.34%
#2	NVIDIA CORP (NVDA) - 7.28%	PINNACLE WEST CAPITAL CORP (PNW) - 1.34%
#3	MICROSOFT CORP (MSFT) - 6.62%	WEC ENERGY GROUP INC (WEC) - 1.34%
#4	AMAZON.COM INC (AMZN) - 4.68%	ATMOS ENERGY CORP (ATO) - 1.33%
#5	ALPHABET INC CLASS A (GOOGL) - 4.28%	CENTERPOINT ENERGY INC (CNP) - 1.33%
#6	JPMORGAN CHASE & CO (JPM) - 3.04%	CMS ENERGY CORP (CMS) - 1.32%
#7	BROADCOM INC (AVGO) - 2.81%	AMEREN CORP (AEE) - 1.32%
#8	ALPHABET INC CLASS C (GOOG) - 2.56%	EVERGY INC (EVRG) - 1.31%
#9	WALMART INC (WMT) - 2.41%	ALLIANT ENERGY CORP (LNT) - 1.30%
#10	META PLATFORMS INC CLASS A (META) - 2.30%	DTE ENERGY CO (DTE) - 1.30%
#11	MICRON TECHNOLOGY INC (MU) - 1.90%	DUKE ENERGY CORP (DUK) - 1.30%
#12	COSTCO WHOLESALE CORP (COST) - 1.85%	PPL CORP (PPL) - 1.29%
#13	VISA INC CLASS A (V) - 1.80%	EXELON CORP (EXC) - 1.26%
#14	TESLA INC (TSLA) - 1.79%	AMERICAN ELECTRIC POWER CO INC (AEP) - 1.24%
#15	CATERPILLAR INC (CAT) - 1.78%	TJX COMPANIES INC (TJX) - 1.21%
#16	BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.77%	REALTY INCOME CORP (O) - 1.21%
#17	APPLIED MATERIALS INC (AMAT) - 1.54%	LINDE PLC (LIN) - 1.16%
#18	INTEL CORP (INTC) - 1.45%	VICI PROPERTIES INC ORDINARY SHARES (VICI) - 1.15%
#19	JOHNSON & JOHNSON (JNJ) - 1.43%	ENTERGY CORP (ETR) - 1.14%
#20	CISCO SYSTEMS INC (CSCO) - 1.35%	INTERCONTINENTAL EXCHANGE INC (ICE) - 1.14%
#21	TJX COMPANIES INC (TJX) - 1.35%	REGENCY CENTERS CORP (REG) - 1.13%
#22	PROCTER & GAMBLE CO (PG) - 1.17%	FIRSTENERGY CORP (FE) - 1.13%
#23	CHECK POINT SOFTWARE TECHNOLOGIES LTD (CHKP) - 1.10%	COCA-COLA CO (KO) - 1.13%
#24	RTX CORP (RTX) - 1.09%	NISOURCE INC (NI) - 1.11%
#25	GE AEROSPACE (GE) - 1.08%	CONSOLIDATED EDISON INC (ED) - 1.10%
Total Holdings	244	106

THRO vs SPLV - Historical Returns

Returns include dividend reinvestment.

Period	THRO	SPLV
1 month	+11.34%	-2.47%
3 months	+8.81%	-1.98%
6 months	+11.43%	+2.80%
1 year	+30.10%	+2.09%
5 years(CAGR)	+13.45%	+5.50%
10 years(CAGR)	N/A	+8.26%
Max(CAGR)	+13.45%	+9.94%

Winner

THRO

+11.34%

SPLV

-2.47%

Winner

THRO

+8.81%

SPLV

-1.98%

Winner

THRO

+11.43%

SPLV

+2.80%

Winner

THRO

+30.10%

SPLV

+2.09%

5Y(CAGR)

Winner

THRO

+13.45%

SPLV

+5.50%

10Y(CAGR)

THRO

N/A

SPLV

+8.26%

Max(CAGR)

Winner

THRO

+13.45%

SPLV

+9.94%

THRO vs SPLV - Annual Returns (2011 - 2026)

Returns include dividend reinvestment.

Year	THRO	SPLV
2026	+9.52%	+2.74%
2025	+15.04%	+4.53%
2024	+33.44%	+12.93%
2023	+25.34%	+0.57%
2022	-17.91%	-3.95%
2021	+2.14%	+25.59%
2020	N/A	-0.65%
2019	N/A	+29.84%
2018	N/A	+0.54%
2017	N/A	+17.18%
2016	N/A	+11.86%
2015	N/A	+3.90%
2014	N/A	+18.78%
2013	N/A	+20.63%
2012	N/A	+10.55%
2011	N/A	+6.95%

THRO vs SPLV Drawdown Comparison

The maximum drawdown for THRO was -26.54%, occurring on Sep 30, 2022. Recovery took 494 trading sessions.

The maximum drawdown for SPLV was -36.25%, occurring on Mar 23, 2020. Recovery took 297 trading sessions.

The current SPLV drawdown is -5.88%.

Rank	THRO	SPLV
#1	-26.54% Dec 27, 2021 - Dec 13, 2023	-36.25% Feb 14, 2020 - Apr 21, 2021
#2	-19.07% Jan 23, 2025 - Jun 30, 2025	-17.26% Apr 20, 2022 - Jun 24, 2024
#3	-10.87% Jan 27, 2026 - Apr 15, 2026	-12.49% Jul 7, 2011 - Oct 27, 2011
#4	-9.28% Jul 16, 2024 - Aug 23, 2024	-11.51% Dec 3, 2018 - Feb 8, 2019
#5	-6.49% Mar 22, 2024 - May 15, 2024	-11.30% Aug 18, 2015 - Oct 28, 2015
#6	-5.40% Oct 29, 2025 - Dec 23, 2025	-9.10% Mar 3, 2025 - Aug 20, 2025
#7	-5.36% Aug 23, 2024 - Sep 19, 2024	-9.02% Dec 31, 2021 - Apr 6, 2022
#8	-4.87% Dec 4, 2024 - Jan 22, 2025	-8.91% Jan 26, 2018 - Jul 26, 2018
#9	-3.12% Oct 18, 2024 - Nov 6, 2024	-8.59% Nov 29, 2024 - Mar 3, 2025
#10	-2.91% Oct 8, 2025 - Oct 24, 2025	-7.72% Jul 22, 2016 - Feb 16, 2017
#11	-2.80% Jan 12, 2026 - Jan 27, 2026	-7.52% Dec 29, 2015 - Mar 11, 2016
#12	-2.69% Dec 26, 2023 - Jan 10, 2024	-7.13% May 17, 2013 - Jul 18, 2013
#13	-2.52% Nov 8, 2024 - Nov 25, 2024	-6.64% Mar 2, 2026 - Mar 27, 2026
#14	-2.39% Jul 28, 2025 - Aug 8, 2025	-6.02% Sep 13, 2018 - Nov 30, 2018
#15	-2.38% Dec 16, 2021 - Dec 22, 2021	-6.02% Oct 27, 2011 - Dec 20, 2011

Correlation

Correlation between THRO and SPLV is 0.94 which considered as a very strong positive correlation - the stocks move almost identically together.

0.94

-101

Dividend Comparison (2011 - 2026)

THRO vs SPLV dividend yield comparison.

Year	THRO	SPLV
2026	0.04%	0.74%
2025	0.15%	2.04%
2024	0.73%	1.88%
2023	0.55%	2.45%
2022	0.90%	2.11%
2021	0.00%	1.51%
2020	0.00%	2.12%
2019	0.00%	2.08%
2018	0.00%	2.18%
2017	0.00%	2.03%
2016	0.00%	2.03%
2015	0.00%	2.28%
2014	0.00%	2.20%
2013	0.00%	2.60%
2012	0.00%	3.01%
2011	0.00%	2.11%