THMR vs. AGOX

Last updated Aug 5, 2026

THMR (THOR AdaptiveRisk Dynamic ETF) and AGOX (Adaptive Alpha Opportunities ETF) are both Tactical Allocation funds. Both are actively managed. Their 0.61 correlation means they have sometimes moved together and sometimes differently. THMR charges 1.10%/yr vs 1.33%/yr for AGOX.

Performance

THMR vs. AGOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in THOR AdaptiveRisk Dynamic ETF (THMR) and Adaptive Alpha Opportunities ETF (AGOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

THMR

• 1D: 0.45%
• 1M: 0.81%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

AGOX

• 1D: 3.67%
• 1M: 0.52%
• 6M: 15.82%
• YTD: 20.76%
• 1Y: 18.91%
• 3Y*: 16.26%
• 5Y*: 8.47%
• 10Y*: —
• ALL TIME*: 9.30%

*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)
AGOX Adaptive Alpha Opportunities ETF	$2.86M	$2.80M	$2.80M
THMR THOR AdaptiveRisk Dynamic ETF	$328.06K	$439.52K	$764.05K

THMR vs. AGOX - Yearly Performance Comparison

	2026 (YTD)
THMR THOR AdaptiveRisk Dynamic ETF	0.41%
AGOX Adaptive Alpha Opportunities ETF	20.13%

Correlation

The correlation between THMR and AGOX is 0.61, 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	0.61

Return for Risk

THMR vs. AGOX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

THMR

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

AGOX

AGOX Risk / Return Rank: 36
AGOX Sharpe Ratio Rank: 35
AGOX Sortino Ratio Rank: 37
AGOX Omega Ratio Rank: 36
AGOX Calmar Ratio Rank: 33
AGOX Martin Ratio Rank: 37

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.

THMR vs. AGOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for THOR AdaptiveRisk Dynamic ETF (THMR) and Adaptive Alpha Opportunities ETF (AGOX). 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.

	THMR	AGOX	Difference
Sharpe ratio: Return per unit of total volatility	—	0.97	—
Sortino ratio: Return per unit of downside risk	—	1.56	—
Omega ratio: Gain probability vs. loss probability	—	1.19	—
Calmar ratio: Return relative to maximum drawdown	—	1.24	—
Martin ratio: Return relative to average drawdown	—	4.18	—

Drawdowns

THMR vs. AGOX - Drawdown Comparison

The maximum THMR drawdown since its inception was -9.93%, smaller than the maximum AGOX drawdown of -26.93%. Use the drawdown chart below to compare losses from any high point for THMR and AGOX.

Drawdown Indicators

	THMR	AGOX	Difference
Max Drawdown Largest peak-to-trough decline	-9.93%	-26.93%	+17.00%
Max Drawdown (1Y) Largest decline over 1 year	—	-15.32%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-21.15%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.93%	—
Current Drawdown Current decline from peak	-7.05%	-2.79%	-4.26%
Average Drawdown Average peak-to-trough decline	-3.56%	-8.03%	+4.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.54%	—

Volatility

Volatility by Period

	THMR	AGOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.44%	—
Volatility (6M) Calculated over the trailing 6-month period	—	16.99%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.96%	19.53%	-4.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.96%	19.88%	-4.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.96%	19.69%	-4.73%

THMR vs. AGOX - Expense Ratio Comparison

THMR has a 1.10% expense ratio, which is lower than AGOX's 1.33% expense ratio.

Dividends

THMR vs. AGOX - Dividend Comparison

THMR has not paid dividends to shareholders, while AGOX's dividend yield for the trailing twelve months is around 2.67%.

Position	TTM	2025	2024	2023	2022	2021
AGOX Adaptive Alpha Opportunities ETF	2.67%	3.23%	3.94%	0.27%	0.20%	6.36%
THMR THOR AdaptiveRisk Dynamic ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both THMR and AGOX in my portfolio?

THMR and AGOX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, THMR or AGOX?

On fees, THMR is cheaper at 1.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, THMR or AGOX?

THMR is cheaper with a 1.10% expense ratio, compared with 1.33% for AGOX.

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

AGOX has the higher dividend yield at 2.67%, compared with 0.00% for THMR.

What is the main difference between THMR and AGOX?

They also come from different issuers: THOR and Adaptive. Their fees differ too: 1.10% for THMR and 1.33% for AGOX.