Correlation
The correlation between THLV and LOWV is 0.80, 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.
THLV vs. LOWV
Compare and contrast key facts about Thor Low Volatility ETF (THLV) and AB US Low Volatility Equity ETF (LOWV).
THLV and LOWV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. THLV is a passively managed fund by THOR that tracks the performance of the Thor Low Volatility Index - Benchmark TR Gross. It was launched on Sep 12, 2022. LOWV is an actively managed fund by AB Funds. It was launched on Mar 21, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: THLV or LOWV.
Performance
THLV vs. LOWV - Performance Comparison
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Key characteristics
THLV:
0.56
LOWV:
1.03
THLV:
0.76
LOWV:
1.35
THLV:
1.10
LOWV:
1.20
THLV:
0.42
LOWV:
1.01
THLV:
1.05
LOWV:
4.47
THLV:
5.34%
LOWV:
3.14%
THLV:
11.25%
LOWV:
15.23%
THLV:
-13.15%
LOWV:
-13.87%
THLV:
-5.08%
LOWV:
-0.64%
Returns By Period
In the year-to-date period, THLV achieves a 1.46% return, which is significantly lower than LOWV's 3.37% return.
THLV
1.46%
3.60%
-5.08%
4.66%
N/A
N/A
N/A
LOWV
3.37%
3.93%
0.87%
14.58%
N/A
N/A
N/A
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THLV vs. LOWV - Expense Ratio Comparison
THLV has a 0.64% expense ratio, which is higher than LOWV's 0.48% expense ratio.
Risk-Adjusted Performance
THLV vs. LOWV — Risk-Adjusted Performance Rank
THLV
LOWV
THLV vs. LOWV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Thor Low Volatility ETF (THLV) and AB US Low Volatility Equity ETF (LOWV). 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.
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Dividends
THLV vs. LOWV - Dividend Comparison
THLV's dividend yield for the trailing twelve months is around 1.24%, more than LOWV's 0.89% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
THLV Thor Low Volatility ETF | 1.24% | 1.25% | 2.72% | 0.62% |
LOWV AB US Low Volatility Equity ETF | 0.89% | 0.92% | 0.77% | 0.00% |
Drawdowns
THLV vs. LOWV - Drawdown Comparison
The maximum THLV drawdown since its inception was -13.15%, smaller than the maximum LOWV drawdown of -13.87%. Use the drawdown chart below to compare losses from any high point for THLV and LOWV.
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Volatility
THLV vs. LOWV - Volatility Comparison
Thor Low Volatility ETF (THLV) has a higher volatility of 4.09% compared to AB US Low Volatility Equity ETF (LOWV) at 3.28%. This indicates that THLV's price experiences larger fluctuations and is considered to be riskier than LOWV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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