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:
0.94
^GSPC:
1.92
THLV:
1.34
^GSPC:
2.57
THLV:
1.17
^GSPC:
1.35
THLV:
1.34
^GSPC:
2.86
THLV:
4.47
^GSPC:
12.10
THLV:
2.09%
^GSPC:
2.00%
THLV:
9.93%
^GSPC:
12.65%
THLV:
-11.61%
^GSPC:
-56.78%
THLV:
-6.65%
^GSPC:
-2.82%
Returns By Period
In the year-to-date period, THLV achieves a -0.22% return, which is significantly lower than ^GSPC's 0.62% return.
THLV
-0.22%
-4.90%
2.24%
9.75%
N/A
N/A
^GSPC
0.62%
-2.22%
5.05%
24.42%
12.67%
11.24%
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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 3.67%, while S&P 500 (^GSPC) has a volatility of 4.46%. 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.