HWAY's Sortino Ratio of 2.11 indicates that for each unit of downside volatility, it generates 2.11 units of excess return. The ratio is calculated using historical daily returns over the past 12 months (as of Aug 4, 2026).
Unlike other measures, Sortino only focuses on downside volatility (losses), making it particularly useful for investors more concerned about protecting against drawdowns than overall price swings.
HWAY Sortino Ratio Market Positioning
The chart shows HWAY's Sortino Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better downside-adjusted returns.
- Red zone (bottom 25%): 1.00 or lower
- Yellow zone (middle 50%): 1.00 to 2.71
- Green zone (top 25%): 2.71 or higher
- Top 1%: 13.84+
- Median: 2.01 — half of all investments score higher
How it compares to other similar ETFs
The table compares Themes US Infrastructure ETF's Sortino Ratio with other ETFs in the Infrastructure Equities, Industrials Equities category across multiple time periods, showing how HWAY's risk-adjusted performance compares to similar funds.
Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Aug 4, 2026.
| Symbol | Name | 1Y Sortino Ratio | 5Y Sortino Ratio | 10Y Sortino Ratio | All Time Sortino Ratio |
|---|---|---|---|---|---|
| BOAT | SonicShares Global Shipping ETF | 3.75 | |||
| SEA | U.S. Global Sea to Sky Cargo ETF | 3.28 | |||
| FTXR | First Trust Nasdaq Transportation ETF | 2.84 | |||
| PIPE | Invesco SteelPath MLP & Energy Infrastructure ETF | 2.80 | |||
| ROKT | SPDR S&P Kensho Final Frontiers ETF | 2.79 | |||
| EMLP | First Trust North American Energy Infrastructure Fund | 2.71 | |||
| USNG | Amplify Samsung U.S. Natural Gas Infrastructure ETF | 2.61 | |||
| XLII | State Street Industrial Select Sector SPDR Premium Income ETF | 2.60 | |||
| SHPP | Pacer Industrials and Logistics ETF | 2.58 | |||
| ENFR | Alerian Energy Infrastructure ETF | 2.57 | |||
| HWAY | Themes US Infrastructure ETF | — |
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Historical Sortino Ratio
The chart shows HWAY's rolling Sortino ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to downside risk, while declining trends may signal deteriorating risk-adjusted performance or increased volatility during market stress. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.
Identify market cycles by observing when HWAY consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.
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