THLV vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about THOR Equal Weight Low Volatility ETF (THLV) and S&P 500 Index (^GSPC).

THLV is a passively managed fund by THOR that tracks the performance of the THOR Equal Weight Low Volatility Index. It was launched on Sep 12, 2022.

Performance

THLV vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in THOR Equal Weight Low Volatility ETF (THLV) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

THLV vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
THLV THOR Equal Weight Low Volatility ETF	6.72%	10.50%	9.52%	5.88%	2.55%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-2.37%

Returns By Period

In the year-to-date period, THLV achieves a 6.72% return, which is significantly higher than ^GSPC's -3.95% return.

THLV

• 1D: -0.09%
• 1M: -4.34%
• YTD: 6.72%
• 6M: 7.72%
• 1Y: 20.34%
• 3Y*: 11.17%
• 5Y*: —
• 10Y*: —

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

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

Return for Risk

THLV vs. ^GSPC — Risk / Return Rank

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

THLV

THLV Risk / Return Rank: 86
THLV Sharpe Ratio Rank: 86
THLV Sortino Ratio Rank: 88
THLV Omega Ratio Rank: 82
THLV Calmar Ratio Rank: 87
THLV Martin Ratio Rank: 85

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

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.

THLV vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for THOR Equal Weight Low Volatility ETF (THLV) and S&P 500 Index (^GSPC). 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.

	THLV	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	1.81	0.92	+0.89
Sortino ratio Return per unit of downside risk	2.53	1.41	+1.11
Omega ratio Gain probability vs. loss probability	1.34	1.21	+0.12
Calmar ratio Return relative to maximum drawdown	3.00	1.41	+1.59
Martin ratio Return relative to average drawdown	10.82	6.61	+4.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

THLV vs. ^GSPC - Sharpe Ratio Comparison

The current THLV Sharpe Ratio is 1.81, which is higher than the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of THLV and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	THLV	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.81	0.92	+0.89
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.61	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	0.46	+0.39

Correlation

The correlation between THLV and ^GSPC is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Drawdowns

THLV vs. ^GSPC - Drawdown Comparison

The maximum THLV drawdown since its inception was -13.15%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for THLV and ^GSPC.

Drawdown Indicators

	THLV	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-13.15%	-56.78%	+43.63%
Max Drawdown (1Y) Largest decline over 1 year	-6.66%	-12.14%	+5.48%
Max Drawdown (5Y) Largest decline over 5 years	—	-25.43%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.92%	—
Current Drawdown Current decline from peak	-4.46%	-5.78%	+1.32%
Average Drawdown Average peak-to-trough decline	-3.75%	-10.75%	+7.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.85%	2.60%	-0.75%

Volatility

THLV vs. ^GSPC - Volatility Comparison

The current volatility for THOR Equal Weight Low Volatility ETF (THLV) is 3.33%, while S&P 500 Index (^GSPC) has a volatility of 5.37%. This indicates that THLV experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	THLV	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.33%	5.37%	-2.04%
Volatility (6M) Calculated over the trailing 6-month period	7.61%	9.55%	-1.94%
Volatility (1Y) Calculated over the trailing 1-year period	11.29%	18.33%	-7.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.80%	16.90%	-5.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.80%	18.05%	-6.25%