BEEZ vs. THLV

Last updated Jun 4, 2026

BEEZ (Honeytree U.S. Equity ETF) and THLV (THOR Equal Weight Low Volatility ETF) are both Large Cap Blend Equities funds. BEEZ is actively managed, while THLV is passively managed. Over the past year, BEEZ returned 2.20% vs 18.29% for THLV. A 0.75 correlation means they provide meaningful diversification when combined. Both charge a 0.64% expense ratio.

Performance

BEEZ vs. THLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Honeytree U.S. Equity ETF (BEEZ) 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, BEEZ achieves a 0.73% return, which is significantly lower than THLV's 9.49% return.

BEEZ

• 1D: -0.13%
• 1M: 0.55%
• YTD: 0.73%
• 6M: 0.21%
• 1Y: 2.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —

THLV

• 1D: -0.39%
• 1M: 2.27%
• YTD: 9.49%
• 6M: 9.41%
• 1Y: 18.29%
• 3Y*: 12.59%
• 5Y*: —
• 10Y*: —

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

BEEZ vs. THLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BEEZ Honeytree U.S. Equity ETF	0.73%	5.65%	10.41%	14.28%
THLV THOR Equal Weight Low Volatility ETF	9.49%	10.50%	9.52%	8.57%

Correlation

The correlation between BEEZ 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 (All Time) Calculated using the full available price history since Nov 9, 2023	0.75

The correlation between BEEZ and THLV has been stable across timeframes, ranging from 0.69 to 0.75 - a consistent structural relationship.

Return for Risk

BEEZ vs. THLV — Risk / Return Rank

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

BEEZ

BEEZ Risk / Return Rank: 12
BEEZ Sharpe Ratio Rank: 11
BEEZ Sortino Ratio Rank: 11
BEEZ Omega Ratio Rank: 11
BEEZ Calmar Ratio Rank: 12
BEEZ Martin Ratio Rank: 13

THLV

THLV Risk / Return Rank: 54
THLV Sharpe Ratio Rank: 55
THLV Sortino Ratio Rank: 56
THLV Omega Ratio Rank: 53
THLV Calmar Ratio Rank: 56
THLV Martin Ratio Rank: 50

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.

BEEZ vs. THLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Honeytree U.S. Equity ETF (BEEZ) 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.

	BEEZ	THLV	Difference
Sharpe ratio Return per unit of total volatility	0.17	1.87	-1.70
Sortino ratio Return per unit of downside risk	0.34	2.65	-2.31
Omega ratio Gain probability vs. loss probability	1.04	1.33	-0.29
Calmar ratio Return relative to maximum drawdown	0.26	2.76	-2.50
Martin ratio Return relative to average drawdown	0.81	8.38	-7.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BEEZ vs. THLV - Sharpe Ratio Comparison

The current BEEZ Sharpe Ratio is 0.17, which is lower than the THLV Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of BEEZ 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.

Sharpe Ratios by Period

	BEEZ	THLV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.17	1.87	-1.70
Sharpe Ratio (All Time) Calculated using the full available price history	0.81	0.88	-0.07

Drawdowns

BEEZ vs. THLV - Drawdown Comparison

The maximum BEEZ drawdown since its inception was -18.62%, which is greater than THLV's maximum drawdown of -13.15%. Use the drawdown chart below to compare losses from any high point for BEEZ and THLV.

Drawdown Indicators

	BEEZ	THLV	Difference
Max Drawdown Largest peak-to-trough decline	-18.62%	-13.15%	-5.47%
Max Drawdown (1Y) Largest decline over 1 year	-8.41%	-6.66%	-1.75%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.15%	—
Current Drawdown Current decline from peak	-3.77%	-1.99%	-1.78%
Average Drawdown Average peak-to-trough decline	-2.80%	-3.74%	+0.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.72%	2.19%	+0.53%

Volatility

BEEZ vs. THLV - Volatility Comparison

Honeytree U.S. Equity ETF (BEEZ) has a higher volatility of 3.89% compared to THOR Equal Weight Low Volatility ETF (THLV) at 3.45%. This indicates that BEEZ'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

	BEEZ	THLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.89%	3.45%	+0.44%
Volatility (6M) Calculated over the trailing 6-month period	9.93%	7.48%	+2.45%
Volatility (1Y) Calculated over the trailing 1-year period	12.91%	9.84%	+3.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.06%	11.73%	+3.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.06%	11.73%	+3.33%

BEEZ vs. THLV - Expense Ratio Comparison

Both BEEZ and THLV have an expense ratio of 0.64%.

Dividends

BEEZ vs. THLV - Dividend Comparison

BEEZ's dividend yield for the trailing twelve months is around 0.55%, less than THLV's 1.62% yield.

Position	TTM	2025	2024	2023	2022
BEEZ Honeytree U.S. Equity ETF	0.55%	0.56%	0.61%	0.19%	0.00%
THLV THOR Equal Weight Low Volatility ETF	1.62%	1.77%	1.25%	2.72%	0.62%

Frequently Asked Questions

Can I hold both BEEZ and THLV in my portfolio?

BEEZ 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, BEEZ or THLV?

BEEZ has higher volatility (3.89%) compared to THLV (3.45%). In terms of maximum drawdown, BEEZ dropped -18.62% vs THLV's -13.15%.

Which ETF is better, BEEZ or THLV?

On 1-year performance, THLV leads with 18.29% vs 2.20% for BEEZ. Both ETFs have the same 0.64% expense ratio. On volatility, THLV has been the lower-risk option at 3.45%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BEEZ or THLV?

Over the 1-year period, THLV has performed better with a 18.29% return vs 2.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BEEZ or THLV?

BEEZ and THLV have the same expense ratio: 0.64% per year.

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

THLV has the higher dividend yield at 1.62%, compared with 0.55% for BEEZ.

What is the main difference between BEEZ and THLV?

They also come from different issuers: Honeytree and THOR.

Which has better risk-adjusted returns?

THLV currently has the higher Sharpe Ratio (1.87 vs 0.17), 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.