THIR vs. ESBG

Last updated Jun 24, 2026

THIR (THOR Index Rotation ETF) and ESBG (First Trust Enhanced Stocks, Bonds & Gold ETF) are both Tactical Allocation funds. THIR is passively managed, while ESBG is actively managed. A 0.54 correlation means they provide meaningful diversification when combined. THIR charges 0.70%/yr vs 0.95%/yr for ESBG.

Performance

THIR vs. ESBG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in THOR Index Rotation ETF (THIR) and First Trust Enhanced Stocks, Bonds & Gold ETF (ESBG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, THIR achieves a 5.00% return, which is significantly higher than ESBG's -2.05% return.

THIR

• 1D: -1.51%
• 1M: -0.12%
• YTD: 5.00%
• 6M: 3.87%
• 1Y: 20.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ESBG

• 1D: -1.81%
• 1M: -7.19%
• YTD: -2.05%
• 6M: -5.44%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

THIR vs. ESBG - Yearly Performance Comparison

	2026 (YTD)	2025
THIR THOR Index Rotation ETF	5.00%	3.70%
ESBG First Trust Enhanced Stocks, Bonds & Gold ETF	-2.05%	5.67%

Correlation

The correlation between THIR and ESBG is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 19, 2025	0.54

Return for Risk

THIR vs. ESBG — Risk / Return Rank

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

THIR

THIR Risk / Return Rank: 48
THIR Sharpe Ratio Rank: 49
THIR Sortino Ratio Rank: 47
THIR Omega Ratio Rank: 48
THIR Calmar Ratio Rank: 48
THIR Martin Ratio Rank: 49

ESBG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. ESBG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for THOR Index Rotation ETF (THIR) and First Trust Enhanced Stocks, Bonds & Gold ETF (ESBG). 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	ESBG	Difference
Sharpe ratio: Return per unit of total volatility	1.59	—	—
Sortino ratio: Return per unit of downside risk	2.21	—	—
Omega ratio: Gain probability vs. loss probability	1.29	—	—
Calmar ratio: Return relative to maximum drawdown	2.27	—	—
Martin ratio: Return relative to average drawdown	7.82	—	—

Drawdowns

THIR vs. ESBG - Drawdown Comparison

The maximum THIR drawdown since its inception was -10.05%, smaller than the maximum ESBG drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for THIR and ESBG.

Drawdown Indicators

	THIR	ESBG	Difference
Max Drawdown Largest peak-to-trough decline	-10.05%	-18.84%	+8.79%
Max Drawdown (1Y) Largest decline over 1 year	-8.88%	—	—
Current Drawdown Current decline from peak	-3.34%	-16.94%	+13.60%
Average Drawdown Average peak-to-trough decline	-2.01%	-6.94%	+4.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.57%	—	—

Volatility

Volatility by Period

	THIR	ESBG	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.50%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.20%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.77%	26.28%	-13.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.27%	26.28%	-13.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.27%	26.28%	-13.01%

THIR vs. ESBG - Expense Ratio Comparison

THIR has a 0.70% expense ratio, which is lower than ESBG's 0.95% expense ratio.

Dividends

THIR vs. ESBG - Dividend Comparison

THIR's dividend yield for the trailing twelve months is around 0.34%, less than ESBG's 0.62% yield.

Position	TTM	2025	2024
ESBG First Trust Enhanced Stocks, Bonds & Gold ETF	0.62%	0.24%	0.00%
THIR THOR Index Rotation ETF	0.34%	0.35%	0.29%

Frequently Asked Questions

Can I hold both THIR and ESBG in my portfolio?

THIR and ESBG have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, THIR or ESBG?

On fees, THIR is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, THIR or ESBG?

THIR is cheaper with a 0.70% expense ratio, compared with 0.95% for ESBG.

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

ESBG has the higher dividend yield at 0.62%, compared with 0.34% for THIR.

What is the main difference between THIR and ESBG?

They also come from different issuers: THOR and First Trust. Their fees differ too: 0.70% for THIR and 0.95% for ESBG.