THLV vs. THMR

Last updated Aug 2, 2026

THLV (THOR Equal Weight Low Volatility ETF) and THMR (THOR AdaptiveRisk Dynamic ETF) are both exchange-traded funds - THLV is a Equal Weight fund tracking the THOR Equal Weight Low Volatility Index, while THMR is a Tactical Allocation fund actively managed by THOR. THLV is passively managed, while THMR is actively managed. Their 0.52 correlation means they have sometimes moved together and sometimes differently. THLV charges 0.64%/yr vs 1.10%/yr for THMR.

Performance

THLV vs. THMR - Performance Comparison

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

Returns By Period

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%

THMR

• 1D: 0.29%
• 1M: -0.51%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
THLV THOR Equal Weight Low Volatility ETF	$336.07K	$335.31K	$358.63K
THMR THOR AdaptiveRisk Dynamic ETF	$314.66K	$455.46K	$797.04K

THLV vs. THMR - Yearly Performance Comparison

	2026 (YTD)
THLV THOR Equal Weight Low Volatility ETF	2.22%
THMR THOR AdaptiveRisk Dynamic ETF	-0.91%

Correlation

The correlation between THLV and THMR is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 9, 2026	0.52

Return for Risk

THLV vs. THMR — 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

THMR

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. THMR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for THOR Equal Weight Low Volatility ETF (THLV) and THOR AdaptiveRisk Dynamic ETF (THMR). 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	THMR	Difference
Sharpe ratio: Return per unit of total volatility	1.35	—	—
Sortino ratio: Return per unit of downside risk	1.93	—	—
Omega ratio: Gain probability vs. loss probability	1.24	—	—
Calmar ratio: Return relative to maximum drawdown	2.10	—	—
Martin ratio: Return relative to average drawdown	6.23	—	—

Drawdowns

THLV vs. THMR - Drawdown Comparison

The maximum THLV drawdown since its inception was -13.15%, which is greater than THMR's maximum drawdown of -9.93%. Use the drawdown chart below to compare losses from any high point for THLV and THMR.

Drawdown Indicators

	THLV	THMR	Difference
Max Drawdown Largest peak-to-trough decline	-13.15%	-9.93%	-3.22%
Max Drawdown (1Y) Largest decline over 1 year	-6.66%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-13.15%	—	—
Current Drawdown Current decline from peak	-3.16%	-8.27%	+5.11%
Average Drawdown Average peak-to-trough decline	-3.66%	-3.46%	-0.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.24%	—	—

Volatility

Volatility by Period

	THLV	THMR	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.84%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.01%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.37%	15.05%	-4.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.74%	15.05%	-3.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.74%	15.05%	-3.31%

THLV vs. THMR - Expense Ratio Comparison

THLV has a 0.64% expense ratio, which is lower than THMR's 1.10% expense ratio.

Dividends

THLV vs. THMR - Dividend Comparison

THLV's dividend yield for the trailing twelve months is around 1.63%, while THMR has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
THLV THOR Equal Weight Low Volatility ETF	1.63%	1.77%	1.25%	2.72%	0.62%
THMR THOR AdaptiveRisk Dynamic ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both THLV and THMR in my portfolio?

THLV and THMR have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, THLV or THMR?

On fees, THLV is cheaper at 0.64% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, THLV or THMR?

THLV is cheaper with a 0.64% expense ratio, compared with 1.10% for THMR.

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

THLV has the higher dividend yield at 1.63%, compared with 0.00% for THMR.

What is the main difference between THLV and THMR?

THLV is categorized as Equal Weight, while THMR is Tactical Allocation. Their fees differ too: 0.64% for THLV and 1.10% for THMR.