VEGA vs. THMZ

Last updated Jun 23, 2026

VEGA (AdvisorShares STAR Global Buy-Write ETF) and THMZ (Lazard Equity Megatrends ETF) are both Global Equities funds. Both are actively managed. Over the past year, VEGA returned 19.11% vs 16.55% for THMZ. Their correlation of 0.87 suggests significant overlap in exposure. VEGA charges 2.02%/yr vs 0.50%/yr for THMZ.

Performance

VEGA vs. THMZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AdvisorShares STAR Global Buy-Write ETF (VEGA) and Lazard Equity Megatrends ETF (THMZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VEGA achieves a 6.92% return, which is significantly higher than THMZ's 3.67% return.

VEGA

• 1D: -0.23%
• 1M: 0.95%
• YTD: 6.92%
• 6M: 6.45%
• 1Y: 19.11%
• 3Y*: 13.69%
• 5Y*: 7.10%
• 10Y*: 8.06%

THMZ

• 1D: 2.01%
• 1M: 1.76%
• YTD: 3.67%
• 6M: 4.54%
• 1Y: 16.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

VEGA vs. THMZ - Yearly Performance Comparison

	2026 (YTD)	2025
VEGA AdvisorShares STAR Global Buy-Write ETF	6.92%	22.96%
THMZ Lazard Equity Megatrends ETF	3.67%	31.18%

Correlation

The correlation between VEGA and THMZ is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (All Time) Calculated using the full available price history since Apr 7, 2025	0.87

The correlation between VEGA and THMZ has been stable across timeframes, ranging from 0.86 to 0.87 - a consistent structural relationship.

Return for Risk

VEGA vs. THMZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VEGA

VEGA Risk / Return Rank: 63
VEGA Sharpe Ratio Rank: 63
VEGA Sortino Ratio Rank: 62
VEGA Omega Ratio Rank: 64
VEGA Calmar Ratio Rank: 58
VEGA Martin Ratio Rank: 68

THMZ

THMZ Risk / Return Rank: 26
THMZ Sharpe Ratio Rank: 27
THMZ Sortino Ratio Rank: 26
THMZ Omega Ratio Rank: 26
THMZ Calmar Ratio Rank: 22
THMZ Martin Ratio Rank: 27

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VEGA vs. THMZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AdvisorShares STAR Global Buy-Write ETF (VEGA) and Lazard Equity Megatrends ETF (THMZ). 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.

	VEGA	THMZ	Difference
Sharpe ratio: Return per unit of total volatility	2.01	0.96	+1.06
Sortino ratio: Return per unit of downside risk	2.81	1.41	+1.40
Omega ratio: Gain probability vs. loss probability	1.38	1.17	+0.20
Calmar ratio: Return relative to maximum drawdown	2.80	0.98	+1.82
Martin ratio: Return relative to average drawdown	12.27	3.51	+8.76

VEGA vs. THMZ - Sharpe Ratio Comparison

The current VEGA Sharpe Ratio is 2.01, which is higher than the THMZ Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of VEGA and THMZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VEGA vs. THMZ - Drawdown Comparison

The maximum VEGA drawdown since its inception was -28.37%, which is greater than THMZ's maximum drawdown of -15.99%. Use the drawdown chart below to compare losses from any high point for VEGA and THMZ.

Drawdown Indicators

	VEGA	THMZ	Difference
Max Drawdown Largest peak-to-trough decline	-28.37%	-15.99%	-12.38%
Max Drawdown (1Y) Largest decline over 1 year	-6.86%	-15.99%	+9.13%
Max Drawdown (3Y) Largest decline over 3 years	-11.62%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-22.78%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-28.37%	—	—
Current Drawdown Current decline from peak	-0.68%	-0.29%	-0.39%
Average Drawdown Average peak-to-trough decline	-3.78%	-2.59%	-1.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.56%	4.46%	-2.90%

Volatility

VEGA vs. THMZ - Volatility Comparison

The current volatility for AdvisorShares STAR Global Buy-Write ETF (VEGA) is 3.65%, while Lazard Equity Megatrends ETF (THMZ) has a volatility of 6.31%. This indicates that VEGA experiences smaller price fluctuations and is considered to be less risky than THMZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VEGA	THMZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.65%	6.31%	-2.66%
Volatility (6M) Calculated over the trailing 6-month period	8.02%	13.61%	-5.59%
Volatility (1Y) Calculated over the trailing 1-year period	9.55%	16.37%	-6.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.35%	19.09%	-6.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.74%	19.09%	-6.35%

VEGA vs. THMZ - Expense Ratio Comparison

VEGA has a 2.02% expense ratio, which is higher than THMZ's 0.50% expense ratio.

Dividends

VEGA vs. THMZ - Dividend Comparison

VEGA's dividend yield for the trailing twelve months is around 1.26%, more than THMZ's 0.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
THMZ Lazard Equity Megatrends ETF	0.23%	0.30%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VEGA AdvisorShares STAR Global Buy-Write ETF	1.26%	1.34%	1.05%	1.12%	1.89%	0.55%	0.28%	0.44%	0.45%	0.00%	0.81%

Frequently Asked Questions

Can I hold both VEGA and THMZ in my portfolio?

VEGA and THMZ have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VEGA or THMZ?

THMZ has higher volatility (6.31%) compared to VEGA (3.65%). In terms of maximum drawdown, VEGA dropped -28.37% vs THMZ's -15.99%.

Which ETF is better, VEGA or THMZ?

On 1-year performance, VEGA leads with 19.11% vs 16.55% for THMZ. On fees, THMZ is cheaper at 0.50% per year. On volatility, VEGA has been the lower-risk option at 3.65%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VEGA or THMZ?

Over the 1-year period, VEGA has performed better with a 19.11% return vs 16.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VEGA or THMZ?

THMZ is cheaper with a 0.50% expense ratio, compared with 2.02% for VEGA.

Which ETF pays a higher dividend yield, VEGA or THMZ?

VEGA has the higher dividend yield at 1.26%, compared with 0.23% for THMZ.

What is the main difference between VEGA and THMZ?

They also come from different issuers: AdvisorShares and Lazard. Their fees differ too: 2.02% for VEGA and 0.50% for THMZ.

Which has better risk-adjusted returns?

VEGA currently has the higher Sharpe Ratio (2.01 vs 0.96), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.