SHEH vs. THMZ

Last updated Jul 30, 2026

SHEH (Shell plc ADRhedged ETF) and THMZ (Lazard Equity Megatrends ETF) are both exchange-traded funds - SHEH is a Energy Equities fund tracking the Shell plc - Benchmark Price Return, while THMZ is a Global Equities fund actively managed by Lazard. SHEH is passively managed, while THMZ is actively managed. Over the past year, SHEH returned 23.86% vs 6.22% for THMZ. Their -0.12 correlation means they have often moved in opposite directions in the past. SHEH charges 0.19%/yr vs 0.50%/yr for THMZ.

Performance

SHEH vs. THMZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Shell plc ADRhedged ETF (SHEH) and Lazard Equity Megatrends ETF (THMZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SHEH achieves a 22.29% return, which is significantly higher than THMZ's 0.52% return.

SHEH

• 1D: 1.98%
• 1M: 13.74%
• 6M: 21.43%
• YTD: 22.29%
• 1Y: 23.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 28.80%

THMZ

• 1D: -0.90%
• 1M: -2.18%
• 6M: -0.12%
• YTD: 0.52%
• 1Y: 6.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 23.54%

*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)
SHEH Shell plc ADRhedged ETF	$470.58K	$486.89K	$265.20K
THMZ Lazard Equity Megatrends ETF	$63.47K	$61.56K	$77.73K

SHEH vs. THMZ - Yearly Performance Comparison

	2026 (YTD)	2025
SHEH Shell plc ADRhedged ETF	22.29%	12.63%
THMZ Lazard Equity Megatrends ETF	0.52%	25.28%

Correlation

The correlation between SHEH and THMZ is -0.17, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.17
Correlation (All Time) Calculated using the full available price history since Apr 23, 2025	-0.12

Return for Risk

SHEH vs. THMZ — Risk / Return Rank

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

SHEH

SHEH Risk / Return Rank: 45
SHEH Sharpe Ratio Rank: 49
SHEH Sortino Ratio Rank: 48
SHEH Omega Ratio Rank: 47
SHEH Calmar Ratio Rank: 41
SHEH Martin Ratio Rank: 38

THMZ

THMZ Risk / Return Rank: 19
THMZ Sharpe Ratio Rank: 20
THMZ Sortino Ratio Rank: 19
THMZ Omega Ratio Rank: 18
THMZ Calmar Ratio Rank: 18
THMZ Martin Ratio Rank: 21

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.

SHEH vs. THMZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Shell plc ADRhedged ETF (SHEH) and Lazard Equity Megatrends ETF (THMZ). 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.

	SHEH	THMZ	Difference
Sharpe ratio: Return per unit of total volatility	1.15	0.37	+0.77
Sortino ratio: Return per unit of downside risk	1.64	0.63	+1.00
Omega ratio: Gain probability vs. loss probability	1.20	1.08	+0.13
Calmar ratio: Return relative to maximum drawdown	1.37	0.39	+0.98
Martin ratio: Return relative to average drawdown	3.73	1.38	+2.35

SHEH vs. THMZ - Sharpe Ratio Comparison

The current SHEH Sharpe Ratio is 1.15, which is higher than the THMZ Sharpe Ratio of 0.37. The chart below compares the historical Sharpe Ratios of SHEH and THMZ, 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

SHEH vs. THMZ - Drawdown Comparison

The maximum SHEH drawdown since its inception was -17.53%, which is greater than THMZ's maximum drawdown of -15.99%. Use the drawdown chart below to compare losses from any high point for SHEH and THMZ.

Drawdown Indicators

	SHEH	THMZ	Difference
Max Drawdown Largest peak-to-trough decline	-17.53%	-15.99%	-1.54%
Max Drawdown (1Y) Largest decline over 1 year	-17.53%	-15.99%	-1.54%
Current Drawdown Current decline from peak	-5.72%	-4.19%	-1.53%
Average Drawdown Average peak-to-trough decline	-4.14%	-2.55%	-1.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.41%	4.51%	+1.90%

Volatility

SHEH vs. THMZ - Volatility Comparison

Shell plc ADRhedged ETF (SHEH) has a higher volatility of 6.94% compared to Lazard Equity Megatrends ETF (THMZ) at 4.12%. This indicates that SHEH's price experiences larger fluctuations and is considered to be riskier than THMZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SHEH	THMZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.94%	4.12%	+2.82%
Volatility (6M) Calculated over the trailing 6-month period	17.33%	13.85%	+3.48%
Volatility (1Y) Calculated over the trailing 1-year period	20.94%	16.76%	+4.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.54%	18.82%	+1.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.54%	18.82%	+1.72%

SHEH vs. THMZ - Expense Ratio Comparison

SHEH has a 0.19% expense ratio, which is lower than THMZ's 0.50% expense ratio.

Dividends

SHEH vs. THMZ - Dividend Comparison

SHEH's dividend yield for the trailing twelve months is around 1.90%, more than THMZ's 0.24% yield.

Position	TTM	2025
SHEH Shell plc ADRhedged ETF	1.90%	0.00%
THMZ Lazard Equity Megatrends ETF	0.24%	0.30%

Frequently Asked Questions

Can I hold both SHEH and THMZ in my portfolio?

SHEH and THMZ have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SHEH or THMZ?

SHEH has higher volatility (6.94%) compared to THMZ (4.12%). In terms of maximum drawdown, SHEH dropped -17.53% vs THMZ's -15.99%.

Which ETF is better, SHEH or THMZ?

On 1-year performance, SHEH leads with 23.86% vs 6.22% for THMZ. On fees, SHEH is cheaper at 0.19% per year. On volatility, THMZ has been the lower-risk option at 4.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SHEH or THMZ?

Over the 1-year period, SHEH has performed better with a 23.86% return vs 6.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SHEH or THMZ?

SHEH is cheaper with a 0.19% expense ratio, compared with 0.50% for THMZ.

Which ETF pays a higher dividend yield, SHEH or THMZ?

SHEH has the higher dividend yield at 1.90%, compared with 0.24% for THMZ.

What is the main difference between SHEH and THMZ?

SHEH is categorized as Energy Equities, while THMZ is Global Equities. They also come from different issuers: ADRhedged and Lazard. Their fees differ too: 0.19% for SHEH and 0.50% for THMZ.

Which has better risk-adjusted returns?

SHEH currently has the higher Sharpe Ratio (1.15 vs 0.37), 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.