SSPX vs THRO
Janus Henderson US Sustainable Equity ETF vs iShares US Thematic Rotation Active ETF
Which is better, SSPX or THRO?
Nearly the same fund. SSPX costs less.
SSPX has a lower expense ratio. THRO led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.96.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | SSPX | THRO |
|---|---|---|
| Expense Ratio | 0.55%Best | 0.57% |
| AUM | $10M | $7.5B |
| Dividend Yield | 0.30% | 0.30% |
| Holdings | 6 | 251 |
| Volatility (annualized) | 19.1% | 18.1%Best |
| Max Drawdown | -33.7% | -26.5%Best |
| $10,000 over 3.8 years | $12,649 | $15,582Best |
| Fund Family | Janus Henderson Investors | BlackRock, Inc. (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Sep 8, 2021 | Dec 14, 2021 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 370 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. SSPX has data through Oct 9, 2025 and THRO through Oct 14, 2026.
Volatility and max drawdown, and the $10,000 over 3.8 years row, are measured over the window both funds cover: Dec 16, 2021 to Oct 9, 2025 (3.8 years).
Risk: Volatility and Drawdowns
SSPX has been the more volatile fund, with annualized monthly volatility of 19.1% compared with 18.1% for THRO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -33.7% for SSPX and -26.5% for THRO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SSPX charges 0.55% per year while THRO charges 0.57%. On a $10,000 position that is $55 vs $57 annually, a gap of $2 per year that compounds over a long holding period. On income, SSPX currently yields 0.30% against 0.30% for THRO.
You are not choosing between two funds in isolation.
Whichever of SSPX and THRO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SSPX or THRO?
SSPX has an expense ratio of 0.55% while THRO charges 0.57%. SSPX is the cheaper option, by $2 a year on a $10,000 investment.
Which is riskier, SSPX or THRO?
SSPX has been the more volatile fund at 19.1% annualized versus 18.1% for THRO. Worst drawdown: SSPX -33.7% vs THRO -26.5%.
Should I hold both SSPX and THRO?
SSPX and THRO have a monthly-return correlation of 0.96, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, SSPX or THRO?
SSPX yields 0.30% while THRO yields 0.30%, so SSPX currently pays the higher dividend yield.
Is THRO better than SSPX?
SSPX has a lower expense ratio. THRO led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.96. Which one suits a particular account depends on what it is for. This is information, not a recommendation.