THLV vs. GSEW

Last updated Aug 2, 2026

THLV (THOR Equal Weight Low Volatility ETF) and GSEW (Goldman Sachs Equal Weight U.S. Large Cap Equity ETF) are both exchange-traded funds - THLV is a Equal Weight fund tracking the THOR Equal Weight Low Volatility Index, while GSEW is a Large Cap Blend Equities fund tracking the Solactive US Large Cap Equal Weight Index. Both are passively managed. Over the past 3 years, THLV returned 9.68%/yr vs 15.44%/yr for GSEW. Their correlation of 0.85 means they have usually moved in the same direction. THLV charges 0.64%/yr vs 0.09%/yr for GSEW.

Performance

THLV vs. GSEW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in THOR Equal Weight Low Volatility ETF (THLV) and Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW). 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 GSEW's 12.06% 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%

GSEW

• 1D: -0.12%
• 1M: -0.50%
• 6M: 9.23%
• YTD: 12.06%
• 1Y: 17.95%
• 3Y*: 15.44%
• 5Y*: 8.49%
• 10Y*: —
• ALL TIME*: 11.82%

*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)
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF	$8.73M	$7.29M	$6.34M
THLV THOR Equal Weight Low Volatility ETF	$336.07K	$335.31K	$358.63K

THLV vs. GSEW - 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%
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF	12.06%	11.97%	16.89%	17.80%	-5.04%

Correlation

The correlation between THLV and GSEW is 0.78, 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.	0.78
Correlation (3Y) Balances recent behavior with more history.	0.84
Correlation (All Time) Calculated using the full available price history since Sep 13, 2022	0.85

The correlation between THLV and GSEW has been stable across timeframes, ranging from 0.78 to 0.85 - a consistent structural relationship.

THLV vs. GSEW - Sectors Allocation Comparison

Sectors	THLV	GSEW
Energy	17.5%	4.2%
Technology	17.5%	18.3%
Consumer Cyclical	15.5%	9.9%
Real Estate	14.0%	4.3%
Utilities	14.0%	5.9%
Financial Services	13.8%	15.1%
Industrials	13.8%	16.4%
Consumer Defensive	13.7%	5.7%
Healthcare	12.5%	12.0%
Basic Materials	11.3%	4.3%
Communication Services	0.1%	3.9%

Return for Risk

THLV vs. GSEW — 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

GSEW

GSEW Risk / Return Rank: 60
GSEW Sharpe Ratio Rank: 57
GSEW Sortino Ratio Rank: 57
GSEW Omega Ratio Rank: 55
GSEW Calmar Ratio Rank: 62
GSEW Martin Ratio Rank: 69

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. GSEW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for THOR Equal Weight Low Volatility ETF (THLV) and Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW). 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	GSEW	Difference
Sharpe ratio: Return per unit of total volatility	1.35	1.36	-0.01
Sortino ratio: Return per unit of downside risk	1.93	1.96	-0.03
Omega ratio: Gain probability vs. loss probability	1.24	1.24	0.00
Calmar ratio: Return relative to maximum drawdown	2.10	2.16	-0.06
Martin ratio: Return relative to average drawdown	6.23	8.34	-2.11

THLV vs. GSEW - Sharpe Ratio Comparison

The current THLV Sharpe Ratio is 1.35, which is comparable to the GSEW Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of THLV and GSEW, 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. GSEW - Drawdown Comparison

The maximum THLV drawdown since its inception was -13.15%, smaller than the maximum GSEW drawdown of -38.65%. Use the drawdown chart below to compare losses from any high point for THLV and GSEW.

Drawdown Indicators

	THLV	GSEW	Difference
Max Drawdown Largest peak-to-trough decline	-13.15%	-38.65%	+25.50%
Max Drawdown (1Y) Largest decline over 1 year	-6.66%	-7.72%	+1.06%
Max Drawdown (3Y) Largest decline over 3 years	-13.15%	-18.18%	+5.03%
Max Drawdown (5Y) Largest decline over 5 years	—	-25.74%	—
Current Drawdown Current decline from peak	-3.16%	-1.09%	-2.07%
Average Drawdown Average peak-to-trough decline	-3.66%	-5.80%	+2.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.24%	2.00%	+0.24%

Volatility

THLV vs. GSEW - Volatility Comparison

THOR Equal Weight Low Volatility ETF (THLV) has a higher volatility of 2.84% compared to Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW) at 2.52%. This indicates that THLV's price experiences larger fluctuations and is considered to be riskier than GSEW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	THLV	GSEW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.84%	2.52%	+0.32%
Volatility (6M) Calculated over the trailing 6-month period	8.01%	9.17%	-1.16%
Volatility (1Y) Calculated over the trailing 1-year period	10.37%	12.30%	-1.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.74%	16.92%	-5.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.74%	19.08%	-7.34%

THLV vs. GSEW - Expense Ratio Comparison

THLV has a 0.64% expense ratio, which is higher than GSEW's 0.09% expense ratio.

Dividends

THLV vs. GSEW - Dividend Comparison

THLV's dividend yield for the trailing twelve months is around 1.63%, more than GSEW's 1.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF	1.38%	1.52%	1.46%	1.64%	1.74%	1.34%	1.53%	1.66%	1.56%	0.54%
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 GSEW in my portfolio?

THLV and GSEW have a correlation of 0.78, 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 GSEW?

THLV has higher volatility (2.84%) compared to GSEW (2.52%). In terms of maximum drawdown, THLV dropped -13.15% vs GSEW's -38.65%.

Which ETF is better, THLV or GSEW?

On 3-year performance, GSEW leads with 15.44% vs 9.68% for THLV. On fees, GSEW is cheaper at 0.09% per year. On volatility, GSEW has been the lower-risk option at 2.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, THLV or GSEW?

Over the 3-year period, GSEW has performed better with a 15.44% 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 GSEW?

GSEW is cheaper with a 0.09% expense ratio, compared with 0.64% for THLV.

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

THLV has the higher dividend yield at 1.63%, compared with 1.38% for GSEW.

What is the main difference between THLV and GSEW?

THLV is categorized as Equal Weight, while GSEW is Large Cap Blend Equities. THLV tracks THOR Equal Weight Low Volatility Index, while GSEW tracks Solactive US Large Cap Equal Weight Index. They also come from different issuers: THOR and Goldman Sachs. Their fees differ too: 0.64% for THLV and 0.09% for GSEW.

Which has better risk-adjusted returns?

GSEW currently has the higher Sharpe Ratio (1.36 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.