THLV vs. EDOW

Last updated Aug 2, 2026

THLV (THOR Equal Weight Low Volatility ETF) and EDOW (First Trust Dow 30 Equal Weight ETF) are both exchange-traded funds - THLV is a Equal Weight fund tracking the THOR Equal Weight Low Volatility Index, while EDOW is a Large Cap Blend Equities fund tracking the Dow Jones Industrail Average Equal Weight TR. Both are passively managed. Over the past 3 years, THLV returned 9.68%/yr vs 15.32%/yr for EDOW. Their 0.80 correlation means they have sometimes moved together and sometimes differently. THLV charges 0.64%/yr vs 0.50%/yr for EDOW.

Performance

THLV vs. EDOW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in THOR Equal Weight Low Volatility ETF (THLV) and First Trust Dow 30 Equal Weight ETF (EDOW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, THLV achieves a 8.51% return, which is significantly lower than EDOW's 10.49% return.

THLV

• 1D: -0.45%
• 1M: -2.87%
• 6M: 2.97%
• YTD: 8.51%
• 1Y: 14.95%
• 3Y*: 9.68%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 9.21%

EDOW

• 1D: 0.78%
• 1M: 0.84%
• 6M: 7.82%
• YTD: 10.49%
• 1Y: 21.11%
• 3Y*: 15.32%
• 5Y*: 9.82%
• 10Y*: —
• ALL TIME*: 11.57%

*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)
EDOW First Trust Dow 30 Equal Weight ETF	$755.60K	$679.73K	$683.44K
THLV THOR Equal Weight Low Volatility ETF	$336.07K	$335.31K	$358.63K

THLV vs. EDOW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
THLV THOR Equal Weight Low Volatility ETF	8.51%	10.50%	9.52%	5.88%	1.22%
EDOW First Trust Dow 30 Equal Weight ETF	10.49%	15.46%	13.17%	15.47%	2.50%

Correlation

The correlation between THLV and EDOW is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.70
Correlation (3Y) Balances recent behavior with more history.	0.77
Correlation (All Time) Calculated using the full available price history since Sep 13, 2022	0.80

The correlation between THLV and EDOW has been stable across timeframes, ranging from 0.70 to 0.80 - a consistent structural relationship.

THLV vs. EDOW - Sectors Allocation Comparison

Sectors	THLV	EDOW
Energy	17.5%	3.2%
Technology	17.5%	19.4%
Consumer Cyclical	15.5%	12.9%
Real Estate	14.0%	-
Utilities	14.0%	-
Financial Services	13.8%	16.1%
Industrials	13.8%	12.9%
Consumer Defensive	13.7%	9.7%
Healthcare	12.5%	12.9%
Basic Materials	11.3%	3.2%
Communication Services	0.1%	6.5%

Return for Risk

THLV vs. EDOW — Risk / Return Rank

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

THLV

THLV Risk / Return Rank: 55
THLV Sharpe Ratio Rank: 57
THLV Sortino Ratio Rank: 55
THLV Omega Ratio Rank: 53
THLV Calmar Ratio Rank: 59
THLV Martin Ratio Rank: 53

EDOW

EDOW Risk / Return Rank: 76
EDOW Sharpe Ratio Rank: 81
EDOW Sortino Ratio Rank: 83
EDOW Omega Ratio Rank: 78
EDOW Calmar Ratio Rank: 66
EDOW Martin Ratio Rank: 70

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.

THLV vs. EDOW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for THOR Equal Weight Low Volatility ETF (THLV) and First Trust Dow 30 Equal Weight ETF (EDOW). 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.

	THLV	EDOW	Difference
Sharpe ratio: Return per unit of total volatility	1.35	1.85	-0.50
Sortino ratio: Return per unit of downside risk	1.93	2.72	-0.80
Omega ratio: Gain probability vs. loss probability	1.24	1.33	-0.09
Calmar ratio: Return relative to maximum drawdown	2.10	2.30	-0.20
Martin ratio: Return relative to average drawdown	6.23	8.62	-2.40

THLV vs. EDOW - Sharpe Ratio Comparison

The current THLV Sharpe Ratio is 1.35, which is comparable to the EDOW Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of THLV and EDOW, 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

THLV vs. EDOW - Drawdown Comparison

The maximum THLV drawdown since its inception was -13.15%, smaller than the maximum EDOW drawdown of -33.72%. Use the drawdown chart below to compare losses from any high point for THLV and EDOW.

Drawdown Indicators

	THLV	EDOW	Difference
Max Drawdown Largest peak-to-trough decline	-13.15%	-33.72%	+20.57%
Max Drawdown (1Y) Largest decline over 1 year	-6.66%	-8.73%	+2.07%
Max Drawdown (3Y) Largest decline over 3 years	-13.15%	-15.51%	+2.36%
Max Drawdown (5Y) Largest decline over 5 years	—	-21.98%	—
Current Drawdown Current decline from peak	-3.16%	-0.42%	-2.74%
Average Drawdown Average peak-to-trough decline	-3.66%	-4.02%	+0.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.24%	2.33%	-0.09%

Volatility

THLV vs. EDOW - Volatility Comparison

The current volatility for THOR Equal Weight Low Volatility ETF (THLV) is 2.84%, while First Trust Dow 30 Equal Weight ETF (EDOW) has a volatility of 3.75%. This indicates that THLV experiences smaller price fluctuations and is considered to be less risky than EDOW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	THLV	EDOW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.84%	3.75%	-0.91%
Volatility (6M) Calculated over the trailing 6-month period	8.01%	8.52%	-0.51%
Volatility (1Y) Calculated over the trailing 1-year period	10.37%	10.93%	-0.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.74%	14.23%	-2.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.74%	17.65%	-5.91%

THLV vs. EDOW - Expense Ratio Comparison

THLV has a 0.64% expense ratio, which is higher than EDOW's 0.50% expense ratio.

Dividends

THLV vs. EDOW - Dividend Comparison

THLV's dividend yield for the trailing twelve months is around 1.63%, more than EDOW's 1.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
EDOW First Trust Dow 30 Equal Weight ETF	1.24%	1.31%	1.65%	1.93%	1.91%	1.52%	1.84%	1.88%	1.82%	0.75%
THLV THOR Equal Weight Low Volatility ETF	1.63%	1.77%	1.25%	2.72%	0.62%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both THLV and EDOW in my portfolio?

THLV and EDOW have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, THLV or EDOW?

EDOW has higher volatility (3.75%) compared to THLV (2.84%). In terms of maximum drawdown, THLV dropped -13.15% vs EDOW's -33.72%.

Which ETF is better, THLV or EDOW?

On 3-year performance, EDOW leads with 15.32% vs 9.68% for THLV. On fees, EDOW is cheaper at 0.50% per year. On volatility, THLV has been the lower-risk option at 2.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, THLV or EDOW?

Over the 3-year period, EDOW has performed better with a 15.32% return vs 9.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, THLV or EDOW?

EDOW is cheaper with a 0.50% expense ratio, compared with 0.64% for THLV.

Which ETF pays a higher dividend yield, THLV or EDOW?

THLV has the higher dividend yield at 1.63%, compared with 1.24% for EDOW.

What is the main difference between THLV and EDOW?

THLV is categorized as Equal Weight, while EDOW is Large Cap Blend Equities. THLV tracks THOR Equal Weight Low Volatility Index, while EDOW tracks Dow Jones Industrail Average Equal Weight TR. They also come from different issuers: THOR and First Trust. Their fees differ too: 0.64% for THLV and 0.50% for EDOW.

Which has better risk-adjusted returns?

EDOW currently has the higher Sharpe Ratio (1.85 vs 1.35), 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.