CLSM vs. THIR

Last updated Aug 2, 2026

CLSM (ETC Cabana Target Leading Sector Moderate ETF) and THIR (THOR Index Rotation ETF) are both Tactical Allocation funds - CLSM tracks the Actively Managed while THIR tracks the THOR SDQ Rotation Index. Both are passively managed. Over the past year, CLSM returned 23.29% vs 14.97% for THIR. Their 0.79 correlation means they have sometimes moved together and sometimes differently. CLSM charges 0.82%/yr vs 0.70%/yr for THIR.

Performance

CLSM vs. THIR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETC Cabana Target Leading Sector Moderate ETF (CLSM) and THOR Index Rotation ETF (THIR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CLSM achieves a 13.76% return, which is significantly higher than THIR's 3.97% return.

CLSM

• 1D: -0.06%
• 1M: -2.10%
• 6M: 10.80%
• YTD: 13.76%
• 1Y: 23.29%
• 3Y*: 10.82%
• 5Y*: 2.98%
• 10Y*: —
• ALL TIME*: 2.85%

THIR

• 1D: 0.54%
• 1M: -2.08%
• 6M: 2.38%
• YTD: 3.97%
• 1Y: 14.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.31%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CLSM ETC Cabana Target Leading Sector Moderate ETF	$170.87K	$557.41K	$324.92K
THIR THOR Index Rotation ETF	$834.89K	$1.75M	$1.80M

CLSM vs. THIR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CLSM ETC Cabana Target Leading Sector Moderate ETF	13.76%	15.32%	-2.56%
THIR THOR Index Rotation ETF	3.97%	25.22%	3.16%

Correlation

The correlation between CLSM and THIR is 0.87, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.87
Correlation (All Time) Calculated using the full available price history since Sep 24, 2024	0.79

The correlation between CLSM and THIR has been stable across timeframes, ranging from 0.79 to 0.87 - a consistent structural relationship.

Return for Risk

CLSM vs. THIR — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CLSM

CLSM Risk / Return Rank: 67
CLSM Sharpe Ratio Rank: 65
CLSM Sortino Ratio Rank: 62
CLSM Omega Ratio Rank: 63
CLSM Calmar Ratio Rank: 74
CLSM Martin Ratio Rank: 68

THIR

THIR Risk / Return Rank: 41
THIR Sharpe Ratio Rank: 41
THIR Sortino Ratio Rank: 39
THIR Omega Ratio Rank: 39
THIR Calmar Ratio Rank: 42
THIR Martin Ratio Rank: 43

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CLSM vs. THIR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ETC Cabana Target Leading Sector Moderate ETF (CLSM) and THOR Index Rotation ETF (THIR). 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.

	CLSM	THIR	Difference
Sharpe ratio: Return per unit of total volatility	1.52	1.01	+0.51
Sortino ratio: Return per unit of downside risk	2.09	1.46	+0.63
Omega ratio: Gain probability vs. loss probability	1.27	1.18	+0.09
Calmar ratio: Return relative to maximum drawdown	2.61	1.50	+1.11
Martin ratio: Return relative to average drawdown	8.32	4.78	+3.54

CLSM vs. THIR - Sharpe Ratio Comparison

The current CLSM Sharpe Ratio is 1.52, which is higher than the THIR Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of CLSM and THIR, 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

CLSM vs. THIR - Drawdown Comparison

The maximum CLSM drawdown since its inception was -27.77%, which is greater than THIR's maximum drawdown of -10.05%. Use the drawdown chart below to compare losses from any high point for CLSM and THIR.

Drawdown Indicators

	CLSM	THIR	Difference
Max Drawdown Largest peak-to-trough decline	-27.77%	-10.05%	-17.72%
Max Drawdown (1Y) Largest decline over 1 year	-8.50%	-8.88%	+0.38%
Max Drawdown (3Y) Largest decline over 3 years	-14.60%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-27.77%	—	—
Current Drawdown Current decline from peak	-5.91%	-4.29%	-1.62%
Average Drawdown Average peak-to-trough decline	-16.09%	-2.07%	-14.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.66%	2.78%	-0.12%

Volatility

CLSM vs. THIR - Volatility Comparison

ETC Cabana Target Leading Sector Moderate ETF (CLSM) has a higher volatility of 4.38% compared to THOR Index Rotation ETF (THIR) at 3.90%. This indicates that CLSM's price experiences larger fluctuations and is considered to be riskier than THIR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CLSM	THIR	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.38%	3.90%	+0.48%
Volatility (6M) Calculated over the trailing 6-month period	12.63%	10.53%	+2.10%
Volatility (1Y) Calculated over the trailing 1-year period	14.63%	13.19%	+1.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.75%	13.27%	-0.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.75%	13.27%	-0.52%

CLSM vs. THIR - Expense Ratio Comparison

CLSM has a 0.82% expense ratio, which is higher than THIR's 0.70% expense ratio.

Dividends

CLSM vs. THIR - Dividend Comparison

CLSM's dividend yield for the trailing twelve months is around 0.79%, more than THIR's 0.34% yield.

Position	TTM	2025	2024	2023	2022	2021
CLSM ETC Cabana Target Leading Sector Moderate ETF	0.79%	0.90%	2.13%	2.58%	3.17%	0.59%
THIR THOR Index Rotation ETF	0.34%	0.35%	0.29%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CLSM and THIR in my portfolio?

CLSM and THIR have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CLSM or THIR?

CLSM has higher volatility (4.38%) compared to THIR (3.90%). In terms of maximum drawdown, CLSM dropped -27.77% vs THIR's -10.05%.

Which ETF is better, CLSM or THIR?

On 1-year performance, CLSM leads with 23.29% vs 14.97% for THIR. On fees, THIR is cheaper at 0.70% per year. On volatility, THIR has been the lower-risk option at 3.90%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CLSM or THIR?

Over the 1-year period, CLSM has performed better with a 23.29% return vs 14.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CLSM or THIR?

THIR is cheaper with a 0.70% expense ratio, compared with 0.82% for CLSM.

Which ETF pays a higher dividend yield, CLSM or THIR?

CLSM has the higher dividend yield at 0.79%, compared with 0.34% for THIR.

What is the main difference between CLSM and THIR?

CLSM tracks Actively Managed, while THIR tracks THOR SDQ Rotation Index. They also come from different issuers: Cabana and THOR. Their fees differ too: 0.82% for CLSM and 0.70% for THIR.

Which has better risk-adjusted returns?

CLSM currently has the higher Sharpe Ratio (1.52 vs 1.01), 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.