APUE vs. THLV

Last updated Jun 24, 2026

APUE (ActivePassive U.S. Equity ETF) and THLV (THOR Equal Weight Low Volatility ETF) are both Large Cap Blend Equities funds. APUE is actively managed, while THLV is passively managed. Over the past 3 years, APUE returned 20.51%/yr vs 12.14%/yr for THLV. A 0.76 correlation means they provide meaningful diversification when combined. APUE charges 0.33%/yr vs 0.64%/yr for THLV.

Performance

APUE vs. THLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ActivePassive U.S. Equity ETF (APUE) and THOR Equal Weight Low Volatility ETF (THLV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, APUE achieves a 8.71% return, which is significantly lower than THLV's 10.20% return.

APUE

• 1D: -1.31%
• 1M: -0.79%
• YTD: 8.71%
• 6M: 7.66%
• 1Y: 24.90%
• 3Y*: 20.51%
• 5Y*: —
• 10Y*: —

THLV

• 1D: -0.82%
• 1M: 1.23%
• YTD: 10.20%
• 6M: 9.69%
• 1Y: 18.38%
• 3Y*: 12.14%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

APUE vs. THLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
APUE ActivePassive U.S. Equity ETF	8.71%	17.49%	23.89%	17.63%
THLV THOR Equal Weight Low Volatility ETF	10.20%	10.50%	9.52%	8.28%

Correlation

The correlation between APUE and THLV is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (All Time) Calculated using the full available price history since May 3, 2023	0.76

The correlation between APUE and THLV has been stable across timeframes, ranging from 0.69 to 0.76 - a consistent structural relationship.

APUE vs. THLV - Sectors Allocation Comparison

Sectors	APUE	THLV
Technology	37.6%	18.1%
Financial Services	11.4%	13.4%
Consumer Cyclical	10.3%	15.7%
Communication Services	9.9%	0.2%
Industrials	9.3%	13.2%
Healthcare	8.6%	12.5%
Consumer Defensive	4.4%	13.7%
Energy	3.1%	17.5%
Basic Materials	2.0%	11.9%
Utilities	1.8%	13.7%
Real Estate	1.6%	13.9%

Return for Risk

APUE vs. THLV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

APUE

APUE Risk / Return Rank: 65
APUE Sharpe Ratio Rank: 66
APUE Sortino Ratio Rank: 63
APUE Omega Ratio Rank: 64
APUE Calmar Ratio Rank: 61
APUE Martin Ratio Rank: 73

THLV

THLV Risk / Return Rank: 57
THLV Sharpe Ratio Rank: 58
THLV Sortino Ratio Rank: 58
THLV Omega Ratio Rank: 55
THLV Calmar Ratio Rank: 61
THLV Martin Ratio Rank: 52

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

APUE vs. THLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ActivePassive U.S. Equity ETF (APUE) and THOR Equal Weight Low Volatility ETF (THLV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	APUE	THLV	Difference
Sharpe ratio: Return per unit of total volatility	1.97	1.80	+0.17
Sortino ratio: Return per unit of downside risk	2.70	2.53	+0.17
Omega ratio: Gain probability vs. loss probability	1.36	1.32	+0.04
Calmar ratio: Return relative to maximum drawdown	2.78	2.77	+0.01
Martin ratio: Return relative to average drawdown	12.63	8.24	+4.39

APUE vs. THLV - Sharpe Ratio Comparison

The current APUE Sharpe Ratio is 1.97, which is comparable to the THLV Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of APUE and THLV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

APUE vs. THLV - Drawdown Comparison

The maximum APUE drawdown since its inception was -18.83%, which is greater than THLV's maximum drawdown of -13.15%. Use the drawdown chart below to compare losses from any high point for APUE and THLV.

Drawdown Indicators

	APUE	THLV	Difference
Max Drawdown Largest peak-to-trough decline	-18.83%	-13.15%	-5.68%
Max Drawdown (1Y) Largest decline over 1 year	-8.98%	-6.66%	-2.32%
Max Drawdown (3Y) Largest decline over 3 years	-18.83%	-13.15%	-5.68%
Current Drawdown Current decline from peak	-2.62%	-1.35%	-1.27%
Average Drawdown Average peak-to-trough decline	-2.06%	-3.74%	+1.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.98%	2.23%	-0.25%

Volatility

APUE vs. THLV - Volatility Comparison

ActivePassive U.S. Equity ETF (APUE) has a higher volatility of 4.69% compared to THOR Equal Weight Low Volatility ETF (THLV) at 3.95%. This indicates that APUE's price experiences larger fluctuations and is considered to be riskier than THLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	APUE	THLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.69%	3.95%	+0.74%
Volatility (6M) Calculated over the trailing 6-month period	9.89%	8.03%	+1.86%
Volatility (1Y) Calculated over the trailing 1-year period	12.73%	10.29%	+2.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.75%	11.81%	+2.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.75%	11.81%	+2.94%

APUE vs. THLV - Expense Ratio Comparison

APUE has a 0.33% expense ratio, which is lower than THLV's 0.64% expense ratio.

Dividends

APUE vs. THLV - Dividend Comparison

APUE's dividend yield for the trailing twelve months is around 0.77%, less than THLV's 1.61% yield.

Position	TTM	2025	2024	2023	2022
APUE ActivePassive U.S. Equity ETF	0.77%	0.83%	0.79%	0.41%	0.00%
THLV THOR Equal Weight Low Volatility ETF	1.61%	1.77%	1.25%	2.72%	0.62%

Frequently Asked Questions

Can I hold both APUE and THLV in my portfolio?

APUE and THLV have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, APUE or THLV?

APUE has higher volatility (4.69%) compared to THLV (3.95%). In terms of maximum drawdown, APUE dropped -18.83% vs THLV's -13.15%.

Which ETF is better, APUE or THLV?

On 3-year performance, APUE leads with 20.51% vs 12.14% for THLV. On fees, APUE is cheaper at 0.33% per year. On volatility, THLV has been the lower-risk option at 3.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, APUE or THLV?

Over the 3-year period, APUE has performed better with a 20.51% return vs 12.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, APUE or THLV?

APUE is cheaper with a 0.33% expense ratio, compared with 0.64% for THLV.

Which ETF pays a higher dividend yield, APUE or THLV?

THLV has the higher dividend yield at 1.61%, compared with 0.77% for APUE.

What is the main difference between APUE and THLV?

They also come from different issuers: ActivePassive and THOR. Their fees differ too: 0.33% for APUE and 0.64% for THLV.

Which has better risk-adjusted returns?

APUE currently has the higher Sharpe Ratio (1.97 vs 1.80), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.