THLV vs. ^GSPC
Compare and contrast key facts about Thor Low Volatility ETF (THLV) and S&P 500 (^GSPC).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: THLV or ^GSPC.
Correlation
The correlation between THLV and ^GSPC is 0.81, 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.
Performance
THLV vs. ^GSPC - Performance Comparison
Key characteristics
THLV:
0.17
^GSPC:
0.24
THLV:
0.29
^GSPC:
0.47
THLV:
1.04
^GSPC:
1.07
THLV:
0.13
^GSPC:
0.24
THLV:
0.36
^GSPC:
1.08
THLV:
4.74%
^GSPC:
4.25%
THLV:
10.28%
^GSPC:
19.00%
THLV:
-13.08%
^GSPC:
-56.78%
THLV:
-11.24%
^GSPC:
-14.02%
Returns By Period
In the year-to-date period, THLV achieves a -5.13% return, which is significantly higher than ^GSPC's -10.18% return.
THLV
-5.13%
-2.79%
-8.86%
1.70%
N/A
N/A
^GSPC
-10.18%
-6.92%
-9.92%
5.42%
12.98%
9.70%
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Risk-Adjusted Performance
THLV vs. ^GSPC — Risk-Adjusted Performance Rank
THLV
^GSPC
THLV vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Thor Low Volatility ETF (THLV) and S&P 500 (^GSPC). 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.
Drawdowns
THLV vs. ^GSPC - Drawdown Comparison
The maximum THLV drawdown since its inception was -13.08%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for THLV and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
THLV vs. ^GSPC - Volatility Comparison
The current volatility for Thor Low Volatility ETF (THLV) is 4.62%, while S&P 500 (^GSPC) has a volatility of 13.60%. This indicates that THLV experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.