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THLV vs. EFAV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

THLV vs. EFAV

Last updated Aug 2, 2026
Documentation

THLV (THOR Equal Weight Low Volatility ETF) and EFAV (iShares MSCI EAFE Min Vol Factor ETF) are both exchange-traded funds - THLV is a Equal Weight fund tracking the THOR Equal Weight Low Volatility Index, while EFAV is a Foreign Large Cap Equities fund tracking the MSCI EAFE Minimum Volatility (USD) Index. Both are passively managed. Over the past 3 years, THLV returned 9.68%/yr vs 14.35%/yr for EFAV. Their 0.56 correlation means they have sometimes moved together and sometimes differently. THLV charges 0.64%/yr vs 0.20%/yr for EFAV.

Performance

THLV vs. EFAV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in THOR Equal Weight Low Volatility ETF (THLV) and iShares MSCI EAFE Min Vol Factor ETF (EFAV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, THLV achieves a 8.51% return, which is significantly lower than EFAV's 9.79% 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%

EFAV

1D
-1.09%
1M
4.40%
6M
6.21%
YTD
9.79%
1Y
16.01%
3Y*
14.35%
5Y*
6.86%
10Y*
6.38%
ALL TIME*
7.28%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

EFAV

iShares MSCI EAFE Min Vol Factor ETF
$54.17M$49.40M$45.31M

THLV

THOR Equal Weight Low Volatility ETF
$336.07K$335.31K$358.63K

THLV vs. EFAV - Yearly Performance Comparison

2026 (YTD)2025202420232022
THLV
THOR Equal Weight Low Volatility ETF		8.51%10.50%9.52%5.88%1.22%
EFAV
iShares MSCI EAFE Min Vol Factor ETF		9.79%26.00%5.30%12.52%2.22%

Correlation

The correlation between THLV and EFAV is 0.53, 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.

0.53

Correlation (3Y)
Balances recent behavior with more history.

0.53

Correlation (All Time)
Calculated using the full available price history since Sep 13, 2022

0.56

The correlation between THLV and EFAV has been stable across timeframes, ranging from 0.53 to 0.56 - a consistent structural relationship.

THLV vs. EFAV - Sectors Allocation Comparison

Sectors
THLV
EFAV

Energy

17.5%
7.7%

Technology

17.5%
4.4%

Consumer Cyclical

15.5%
5.1%

Real Estate

14.0%
2.9%

Utilities

14.0%
9.0%

Financial Services

13.8%
19.7%

Industrials

13.8%
15.7%

Consumer Defensive

13.7%
12.6%

Healthcare

12.5%
12.2%

Basic Materials

11.3%
1.6%

Communication Services

0.1%
9.1%

Energy

THLV
17.5%
EFAV
7.7%

Technology

THLV
17.5%
EFAV
4.4%

Consumer Cyclical

THLV
15.5%
EFAV
5.1%

Real Estate

THLV
14.0%
EFAV
2.9%

Utilities

THLV
14.0%
EFAV
9.0%

Financial Services

THLV
13.8%
EFAV
19.7%

Industrials

THLV
13.8%
EFAV
15.7%

Consumer Defensive

THLV
13.7%
EFAV
12.6%

Healthcare

THLV
12.5%
EFAV
12.2%

Basic Materials

THLV
11.3%
EFAV
1.6%

Communication Services

THLV
0.1%
EFAV
9.1%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

THOR Equal Weight Low Volatility ETF

iShares MSCI EAFE Min Vol Factor ETF

Often compared with THLV:
THLV vs. LOWVTHLV vs. BDGSTHLV vs. USMVTHLV vs. ^GSPCTHLV vs. QDTETHLV vs. VTITHLV vs. DMAY
Often compared with EFAV:
EFAV vs. EFVEFAV vs. EFAEFAV vs. ACWVEFAV vs. EEMVEFAV vs. USMVEFAV vs. EFASEFAV vs. SPLV

Return for Risk

THLV vs. EFAV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
THLV
THLV Risk / Return Rank: 5555
Overall Rank
THLV Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
THLV Sortino Ratio Rank: 5555
Sortino Ratio Rank
THLV Omega Ratio Rank: 5353
Omega Ratio Rank
THLV Calmar Ratio Rank: 5959
Calmar Ratio Rank
THLV Martin Ratio Rank: 5353
Martin Ratio Rank
EFAV
EFAV Risk / Return Rank: 6969
Overall Rank
EFAV Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
EFAV Sortino Ratio Rank: 7373
Sortino Ratio Rank
EFAV Omega Ratio Rank: 7373
Omega Ratio Rank
EFAV Calmar Ratio Rank: 7575
Calmar Ratio Rank
EFAV Martin Ratio Rank: 5252
Martin Ratio Rank
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. EFAV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for THOR Equal Weight Low Volatility ETF (THLV) and iShares MSCI EAFE Min Vol Factor ETF (EFAV). 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.

THLVEFAVDifference
Sharpe ratioReturn per unit of total volatility
1.35
1.64

-0.29

Sortino ratioReturn per unit of downside risk
1.93
2.35

-0.43

Omega ratioGain probability vs. loss probability

1.24

1.30

-0.06

Calmar ratioReturn relative to maximum drawdown

2.10

2.62

-0.52

Martin ratioReturn relative to average drawdown

6.23

6.10

+0.13

THLV vs. EFAV - Sharpe Ratio Comparison

The current THLV Sharpe Ratio is 1.35, which is comparable to the EFAV Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of THLV and EFAV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

THLV vs. EFAV - Drawdown Comparison

The maximum THLV drawdown since its inception was -13.15%, smaller than the maximum EFAV drawdown of -27.56%. Use the drawdown chart below to compare losses from any high point for THLV and EFAV.

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Drawdown Indicators

THLVEFAVDifference

Max Drawdown

Largest peak-to-trough decline

-13.15%

-27.56%

+14.41%

Max Drawdown (1Y)

Largest decline over 1 year

-6.66%

-6.66%

0.00%

Max Drawdown (3Y)

Largest decline over 3 years

-13.15%

-8.65%

-4.50%

Max Drawdown (5Y)

Largest decline over 5 years

—

-27.46%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-27.56%

—

Current Drawdown

Current decline from peak

-3.16%

-1.09%

-2.07%

Average Drawdown

Average peak-to-trough decline

-3.66%

-4.76%

+1.10%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.24%

2.86%

-0.62%

Volatility

THLV vs. EFAV - Volatility Comparison

The current volatility for THOR Equal Weight Low Volatility ETF (THLV) is 2.84%, while iShares MSCI EAFE Min Vol Factor ETF (EFAV) has a volatility of 3.28%. This indicates that THLV experiences smaller price fluctuations and is considered to be less risky than EFAV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

THLVEFAVDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.84%

3.28%

-0.44%

Volatility (6M)

Calculated over the trailing 6-month period

8.01%

8.85%

-0.84%

Volatility (1Y)

Calculated over the trailing 1-year period

10.37%

10.67%

-0.30%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.74%

11.88%

-0.14%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.74%

13.03%

-1.29%

THLV vs. EFAV - Expense Ratio Comparison

THLV has a 0.64% expense ratio, which is higher than EFAV's 0.20% expense ratio.

Dividends

THLV vs. EFAV - Dividend Comparison

THLV's dividend yield for the trailing twelve months is around 1.63%, less than EFAV's 3.07% yield.

PositionTTM20252024202320222021202020192018201720162015
EFAV
iShares MSCI EAFE Min Vol Factor ETF		3.07%3.20%3.24%3.08%2.53%2.47%1.33%4.19%3.34%2.45%3.94%2.49%
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%0.00%0.00%

Frequently Asked Questions

THLV and EFAV have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EFAV has higher volatility (3.28%) compared to THLV (2.84%). In terms of maximum drawdown, THLV dropped -13.15% vs EFAV's -27.56%.

On 3-year performance, EFAV leads with 14.35% vs 9.68% for THLV. On fees, EFAV is cheaper at 0.20% 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.

Over the 3-year period, EFAV has performed better with a 14.35% return vs 9.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

EFAV is cheaper with a 0.20% expense ratio, compared with 0.64% for THLV.

EFAV has the higher dividend yield at 3.07%, compared with 1.63% for THLV.

THLV is categorized as Equal Weight, while EFAV is Foreign Large Cap Equities. THLV tracks THOR Equal Weight Low Volatility Index, while EFAV tracks MSCI EAFE Minimum Volatility (USD) Index. They also come from different issuers: THOR and iShares. Their fees differ too: 0.64% for THLV and 0.20% for EFAV.

EFAV currently has the higher Sharpe Ratio (1.64 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.

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