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 0.83, 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:
0.85
^GSPC:
1.74
THLV:
1.22
^GSPC:
2.35
THLV:
1.15
^GSPC:
1.32
THLV:
1.06
^GSPC:
2.61
THLV:
2.70
^GSPC:
10.66
THLV:
3.07%
^GSPC:
2.08%
THLV:
9.75%
^GSPC:
12.77%
THLV:
-11.61%
^GSPC:
-56.78%
THLV:
-5.91%
^GSPC:
0.00%
Returns By Period
In the year-to-date period, THLV achieves a 0.58% return, which is significantly lower than ^GSPC's 4.46% return.
THLV
0.58%
0.65%
-0.06%
8.99%
N/A
N/A
^GSPC
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
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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 -11.61%, 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 2.14%, while S&P 500 (^GSPC) has a volatility of 3.07%. 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.