Correlation
The correlation between THLV and USMV is 0.77, 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. USMV
Compare and contrast key facts about Thor Low Volatility ETF (THLV) and iShares Edge MSCI Min Vol USA ETF (USMV).
THLV and USMV 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. USMV is a passively managed fund by iShares that tracks the performance of the MSCI USA Minimum Volatility Index. It was launched on Oct 18, 2011. Both THLV and USMV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: THLV or USMV.
Performance
THLV vs. USMV - Performance Comparison
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Key characteristics
THLV:
0.56
USMV:
1.25
THLV:
0.76
USMV:
1.66
THLV:
1.10
USMV:
1.24
THLV:
0.42
USMV:
1.66
THLV:
1.05
USMV:
6.36
THLV:
5.34%
USMV:
2.45%
THLV:
11.25%
USMV:
13.17%
THLV:
-13.15%
USMV:
-33.10%
THLV:
-5.08%
USMV:
-0.93%
Returns By Period
In the year-to-date period, THLV achieves a 1.46% return, which is significantly lower than USMV's 5.68% return.
THLV
1.46%
3.60%
-5.08%
4.66%
N/A
N/A
N/A
USMV
5.68%
1.74%
-0.30%
14.78%
10.28%
10.55%
10.54%
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THLV vs. USMV - Expense Ratio Comparison
THLV has a 0.64% expense ratio, which is higher than USMV's 0.15% expense ratio.
Risk-Adjusted Performance
THLV vs. USMV — Risk-Adjusted Performance Rank
THLV
USMV
THLV vs. USMV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Thor Low Volatility ETF (THLV) and iShares Edge MSCI Min Vol USA ETF (USMV). 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. USMV - Dividend Comparison
THLV's dividend yield for the trailing twelve months is around 1.24%, less than USMV's 1.55% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
THLV Thor Low Volatility ETF | 1.24% | 1.25% | 2.72% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USMV iShares Edge MSCI Min Vol USA ETF | 1.55% | 1.67% | 1.82% | 1.62% | 1.26% | 1.81% | 1.88% | 2.12% | 1.77% | 2.22% | 2.02% | 1.88% |
Drawdowns
THLV vs. USMV - Drawdown Comparison
The maximum THLV drawdown since its inception was -13.15%, smaller than the maximum USMV drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for THLV and USMV.
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Volatility
THLV vs. USMV - Volatility Comparison
Thor Low Volatility ETF (THLV) has a higher volatility of 4.09% compared to iShares Edge MSCI Min Vol USA ETF (USMV) at 3.55%. This indicates that THLV's price experiences larger fluctuations and is considered to be riskier than USMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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