THIR vs. ALLW

Last updated Jun 23, 2026

THIR (THOR Index Rotation ETF) and ALLW (State Street Bridgewater All Weather ETF) are both Tactical Allocation funds. THIR is passively managed, while ALLW is actively managed. Over the past year, THIR returned 23.63% vs 19.05% for ALLW. At a 0.47 correlation, their price movements are largely independent. THIR charges 0.70%/yr vs 0.85%/yr for ALLW.

Performance

THIR vs. ALLW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in THOR Index Rotation ETF (THIR) and State Street Bridgewater All Weather ETF (ALLW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, THIR achieves a 6.61% return, which is significantly lower than ALLW's 7.06% return.

THIR

• 1D: -0.29%
• 1M: 1.42%
• YTD: 6.61%
• 6M: 5.81%
• 1Y: 23.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ALLW

• 1D: -0.60%
• 1M: -1.40%
• YTD: 7.06%
• 6M: 6.75%
• 1Y: 19.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

THIR vs. ALLW - Yearly Performance Comparison

	2026 (YTD)	2025
THIR THOR Index Rotation ETF	6.61%	27.15%
ALLW State Street Bridgewater All Weather ETF	7.06%	15.44%

Correlation

The correlation between THIR and ALLW is 0.56, 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	0.56
Correlation (All Time) Calculated using the full available price history since Mar 6, 2025	0.47

The correlation between THIR and ALLW has been stable across timeframes, ranging from 0.47 to 0.56 - a consistent structural relationship.

Return for Risk

THIR vs. ALLW — Risk / Return Rank

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

THIR

THIR Risk / Return Rank: 56
THIR Sharpe Ratio Rank: 57
THIR Sortino Ratio Rank: 56
THIR Omega Ratio Rank: 57
THIR Calmar Ratio Rank: 55
THIR Martin Ratio Rank: 55

ALLW

ALLW Risk / Return Rank: 54
ALLW Sharpe Ratio Rank: 53
ALLW Sortino Ratio Rank: 49
ALLW Omega Ratio Rank: 52
ALLW Calmar Ratio Rank: 55
ALLW Martin Ratio Rank: 61

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.

THIR vs. ALLW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for THOR Index Rotation ETF (THIR) and State Street Bridgewater All Weather ETF (ALLW). 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.

	THIR	ALLW	Difference
Sharpe ratio: Return per unit of total volatility	1.87	1.74	+0.13
Sortino ratio: Return per unit of downside risk	2.59	2.34	+0.25
Omega ratio: Gain probability vs. loss probability	1.34	1.32	+0.02
Calmar ratio: Return relative to maximum drawdown	2.67	2.64	+0.03
Martin ratio: Return relative to average drawdown	9.24	10.61	-1.37

THIR vs. ALLW - Sharpe Ratio Comparison

The current THIR Sharpe Ratio is 1.87, which is comparable to the ALLW Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of THIR and ALLW, 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

THIR vs. ALLW - Drawdown Comparison

The maximum THIR drawdown since its inception was -10.05%, which is greater than ALLW's maximum drawdown of -8.78%. Use the drawdown chart below to compare losses from any high point for THIR and ALLW.

Drawdown Indicators

	THIR	ALLW	Difference
Max Drawdown Largest peak-to-trough decline	-10.05%	-8.78%	-1.27%
Max Drawdown (1Y) Largest decline over 1 year	-8.88%	-7.23%	-1.65%
Current Drawdown Current decline from peak	-1.86%	-2.74%	+0.88%
Average Drawdown Average peak-to-trough decline	-2.00%	-1.25%	-0.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.56%	1.80%	+0.76%

Volatility

THIR vs. ALLW - Volatility Comparison

THOR Index Rotation ETF (THIR) has a higher volatility of 6.29% compared to State Street Bridgewater All Weather ETF (ALLW) at 3.88%. This indicates that THIR's price experiences larger fluctuations and is considered to be riskier than ALLW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	THIR	ALLW	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.29%	3.88%	+2.41%
Volatility (6M) Calculated over the trailing 6-month period	10.08%	9.30%	+0.78%
Volatility (1Y) Calculated over the trailing 1-year period	12.69%	11.02%	+1.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.23%	12.69%	+0.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.23%	12.69%	+0.54%

THIR vs. ALLW - Expense Ratio Comparison

THIR has a 0.70% expense ratio, which is lower than ALLW's 0.85% expense ratio.

Dividends

THIR vs. ALLW - Dividend Comparison

THIR's dividend yield for the trailing twelve months is around 0.33%, less than ALLW's 4.37% yield.

Position	TTM	2025	2024
ALLW State Street Bridgewater All Weather ETF	4.37%	4.67%	0.00%
THIR THOR Index Rotation ETF	0.33%	0.35%	0.29%

Frequently Asked Questions

Can I hold both THIR and ALLW in my portfolio?

THIR and ALLW have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, THIR or ALLW?

THIR has higher volatility (6.29%) compared to ALLW (3.88%). In terms of maximum drawdown, THIR dropped -10.05% vs ALLW's -8.78%.

Which ETF is better, THIR or ALLW?

On 1-year performance, THIR leads with 23.63% vs 19.05% for ALLW. On fees, THIR is cheaper at 0.70% per year. On volatility, ALLW has been the lower-risk option at 3.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, THIR or ALLW?

Over the 1-year period, THIR has performed better with a 23.63% return vs 19.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, THIR or ALLW?

THIR is cheaper with a 0.70% expense ratio, compared with 0.85% for ALLW.

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

ALLW has the higher dividend yield at 4.37%, compared with 0.33% for THIR.

What is the main difference between THIR and ALLW?

They also come from different issuers: THOR and State Street. Their fees differ too: 0.70% for THIR and 0.85% for ALLW.

Which has better risk-adjusted returns?

THIR currently has the higher Sharpe Ratio (1.87 vs 1.74), 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.