THMR vs. BSR

Last updated Aug 5, 2026

THMR (THOR AdaptiveRisk Dynamic ETF) and BSR (Beacon Selective Risk ETF) are both Tactical Allocation funds. THMR is actively managed, while BSR is passively managed. Their 0.62 correlation means they have sometimes moved together and sometimes differently. Both charge a 1.10% expense ratio.

Performance

THMR vs. BSR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in THOR AdaptiveRisk Dynamic ETF (THMR) and Beacon Selective Risk ETF (BSR). 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*: —

BSR

• 1D: 1.74%
• 1M: 2.14%
• 6M: 1.20%
• YTD: 5.08%
• 1Y: 9.67%
• 3Y*: 7.33%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 8.00%

*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)
BSR Beacon Selective Risk ETF	$56.14K	$53.07K	$86.52K
THMR THOR AdaptiveRisk Dynamic ETF	$328.06K	$439.52K	$764.05K

THMR vs. BSR - Yearly Performance Comparison

	2026 (YTD)
THMR THOR AdaptiveRisk Dynamic ETF	0.41%
BSR Beacon Selective Risk ETF	2.68%

Correlation

The correlation between THMR and BSR is 0.62, 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	0.62

Return for Risk

THMR vs. BSR — 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.

BSR

BSR Risk / Return Rank: 37
BSR Sharpe Ratio Rank: 38
BSR Sortino Ratio Rank: 36
BSR Omega Ratio Rank: 36
BSR Calmar Ratio Rank: 39
BSR Martin Ratio Rank: 34

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. BSR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for THOR AdaptiveRisk Dynamic ETF (THMR) and Beacon Selective Risk ETF (BSR). 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	BSR	Difference
Sharpe ratio: Return per unit of total volatility	—	1.06	—
Sortino ratio: Return per unit of downside risk	—	1.51	—
Omega ratio: Gain probability vs. loss probability	—	1.19	—
Calmar ratio: Return relative to maximum drawdown	—	1.58	—
Martin ratio: Return relative to average drawdown	—	3.78	—

Drawdowns

THMR vs. BSR - Drawdown Comparison

The maximum THMR drawdown since its inception was -9.93%, smaller than the maximum BSR drawdown of -15.68%. Use the drawdown chart below to compare losses from any high point for THMR and BSR.

Drawdown Indicators

	THMR	BSR	Difference
Max Drawdown Largest peak-to-trough decline	-9.93%	-15.68%	+5.75%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.15%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.68%	—
Current Drawdown Current decline from peak	-7.05%	-2.85%	-4.20%
Average Drawdown Average peak-to-trough decline	-3.56%	-4.60%	+1.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.57%	—

Volatility

Volatility by Period

	THMR	BSR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.52%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.92%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.96%	9.25%	+5.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.96%	16.01%	-1.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.96%	16.01%	-1.05%

THMR vs. BSR - Expense Ratio Comparison

Both THMR and BSR have an expense ratio of 1.10%.

Dividends

THMR vs. BSR - Dividend Comparison

THMR has not paid dividends to shareholders, while BSR's dividend yield for the trailing twelve months is around 2.75%.

Position	TTM	2025	2024	2023
BSR Beacon Selective Risk ETF	2.75%	2.89%	0.89%	1.08%
THMR THOR AdaptiveRisk Dynamic ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both THMR and BSR in my portfolio?

THMR and BSR have a correlation of 0.62, 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 BSR?

Both ETFs have the same 1.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, THMR or BSR?

THMR and BSR have the same expense ratio: 1.10% per year.

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

BSR has the higher dividend yield at 2.75%, compared with 0.00% for THMR.

What is the main difference between THMR and BSR?

They also come from different issuers: THOR and American Beacon.