THIR vs. THMR

Last updated Aug 2, 2026

THIR (THOR Index Rotation ETF) and THMR (THOR AdaptiveRisk Dynamic ETF) are both Tactical Allocation funds from THOR. THIR is passively managed, while THMR is actively managed. Their correlation of 0.86 means they have usually moved in the same direction. THIR charges 0.70%/yr vs 1.10%/yr for THMR.

Performance

THIR vs. THMR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in THOR Index Rotation ETF (THIR) and THOR AdaptiveRisk Dynamic ETF (THMR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

THIR

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

THMR

• 1D: 0.29%
• 1M: -0.51%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
THIR THOR Index Rotation ETF	$834.89K	$1.75M	$1.80M
THMR THOR AdaptiveRisk Dynamic ETF	$314.66K	$455.46K	$797.04K

THIR vs. THMR - Yearly Performance Comparison

	2026 (YTD)
THIR THOR Index Rotation ETF	6.93%
THMR THOR AdaptiveRisk Dynamic ETF	-0.91%

Correlation

The correlation between THIR and THMR is 0.86, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 9, 2026	0.86

Return for Risk

THIR vs. THMR — Risk / Return Rank

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

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

THMR

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

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.

THIR vs. THMR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for THOR Index Rotation ETF (THIR) and THOR AdaptiveRisk Dynamic ETF (THMR). 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	THMR	Difference
Sharpe ratio: Return per unit of total volatility	1.01	—	—
Sortino ratio: Return per unit of downside risk	1.46	—	—
Omega ratio: Gain probability vs. loss probability	1.18	—	—
Calmar ratio: Return relative to maximum drawdown	1.50	—	—
Martin ratio: Return relative to average drawdown	4.78	—	—

Drawdowns

THIR vs. THMR - Drawdown Comparison

The maximum THIR drawdown since its inception was -10.05%, roughly equal to the maximum THMR drawdown of -9.93%. Use the drawdown chart below to compare losses from any high point for THIR and THMR.

Drawdown Indicators

	THIR	THMR	Difference
Max Drawdown Largest peak-to-trough decline	-10.05%	-9.93%	-0.12%
Max Drawdown (1Y) Largest decline over 1 year	-8.88%	—	—
Current Drawdown Current decline from peak	-4.29%	-8.27%	+3.98%
Average Drawdown Average peak-to-trough decline	-2.07%	-3.46%	+1.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.78%	—	—

Volatility

Volatility by Period

	THIR	THMR	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.90%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.53%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.19%	15.05%	-1.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.27%	15.05%	-1.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.27%	15.05%	-1.78%

THIR vs. THMR - Expense Ratio Comparison

THIR has a 0.70% expense ratio, which is lower than THMR's 1.10% expense ratio.

Dividends

THIR vs. THMR - Dividend Comparison

THIR's dividend yield for the trailing twelve months is around 0.34%, while THMR has not paid dividends to shareholders.

Position	TTM	2025	2024
THIR THOR Index Rotation ETF	0.34%	0.35%	0.29%
THMR THOR AdaptiveRisk Dynamic ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both THIR and THMR in my portfolio?

THIR and THMR have a correlation of 0.86, 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 THMR?

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 THMR?

THIR is cheaper with a 0.70% expense ratio, compared with 1.10% for THMR.

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

THIR has the higher dividend yield at 0.34%, compared with 0.00% for THMR.

What is the main difference between THIR and THMR?

Their fees differ too: 0.70% for THIR and 1.10% for THMR.