VSLU vs. THLV

Last updated Aug 4, 2026

VSLU (Applied Finance Valuation Large Cap US ETF) and THLV (THOR Equal Weight Low Volatility ETF) are both exchange-traded funds - VSLU is a Large Cap Blend Equities fund actively managed by Applied Finance, while THLV is a Equal Weight fund tracking the THOR Equal Weight Low Volatility Index. VSLU is actively managed, while THLV is passively managed. Over the past 3 years, VSLU returned 20.74%/yr vs 10.54%/yr for THLV. Their 0.71 correlation means they have sometimes moved together and sometimes differently. VSLU charges 0.49%/yr vs 0.64%/yr for THLV.

Performance

VSLU vs. THLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Applied Finance Valuation Large Cap US ETF (VSLU) and THOR Equal Weight Low Volatility ETF (THLV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VSLU achieves a 8.56% return, which is significantly lower than THLV's 9.00% return.

VSLU

• 1D: 1.16%
• 1M: 2.71%
• 6M: 7.44%
• YTD: 8.56%
• 1Y: 21.50%
• 3Y*: 20.74%
• 5Y*: 13.29%
• 10Y*: —
• ALL TIME*: 13.91%

THLV

• 1D: 0.45%
• 1M: -2.43%
• 6M: 3.24%
• YTD: 9.00%
• 1Y: 15.47%
• 3Y*: 10.54%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 9.32%

*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)
THLV THOR Equal Weight Low Volatility ETF	$345.27K	$362.86K	$370.75K
VSLU Applied Finance Valuation Large Cap US ETF	$883.14K	$1.19M	$1.76M

VSLU vs. THLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
VSLU Applied Finance Valuation Large Cap US ETF	8.56%	21.52%	23.80%	26.79%	-3.87%
THLV THOR Equal Weight Low Volatility ETF	9.00%	10.50%	9.52%	5.88%	1.22%

Correlation

The correlation between VSLU and THLV is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.54
Correlation (3Y) Balances recent behavior with more history.	0.65
Correlation (All Time) Calculated using the full available price history since Sep 13, 2022	0.71

The correlation between VSLU and THLV shifts across timeframes, from 0.54 (1 year) to 0.71 (all time), reflecting how their relationship changes across market environments.

VSLU vs. THLV - Sectors Allocation Comparison

Sectors	VSLU	THLV
Technology	37.0%	17.5%
Communication Services	13.4%	0.1%
Healthcare	12.6%	12.5%
Consumer Cyclical	10.9%	15.5%
Financial Services	9.4%	13.8%
Industrials	7.6%	13.8%
Consumer Defensive	4.3%	13.7%
Energy	2.0%	17.5%
Basic Materials	1.0%	11.3%
Utilities	1.0%	14.0%
Real Estate	0.8%	14.0%

Return for Risk

VSLU vs. THLV — Risk / Return Rank

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

VSLU

VSLU Risk / Return Rank: 68
VSLU Sharpe Ratio Rank: 70
VSLU Sortino Ratio Rank: 67
VSLU Omega Ratio Rank: 66
VSLU Calmar Ratio Rank: 63
VSLU Martin Ratio Rank: 73

THLV

THLV Risk / Return Rank: 59
THLV Sharpe Ratio Rank: 60
THLV Sortino Ratio Rank: 59
THLV Omega Ratio Rank: 57
THLV Calmar Ratio Rank: 62
THLV Martin Ratio Rank: 55

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.

VSLU vs. THLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Applied Finance Valuation Large Cap US ETF (VSLU) and THOR Equal Weight Low Volatility ETF (THLV). 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.

	VSLU	THLV	Difference
Sharpe ratio: Return per unit of total volatility	1.71	1.51	+0.20
Sortino ratio: Return per unit of downside risk	2.35	2.14	+0.21
Omega ratio: Gain probability vs. loss probability	1.30	1.27	+0.03
Calmar ratio: Return relative to maximum drawdown	2.36	2.33	+0.02
Martin ratio: Return relative to average drawdown	9.70	6.90	+2.80

VSLU vs. THLV - Sharpe Ratio Comparison

The current VSLU Sharpe Ratio is 1.71, which is comparable to the THLV Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of VSLU and THLV, 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

VSLU vs. THLV - Drawdown Comparison

The maximum VSLU drawdown since its inception was -23.86%, which is greater than THLV's maximum drawdown of -13.15%. Use the drawdown chart below to compare losses from any high point for VSLU and THLV.

Drawdown Indicators

	VSLU	THLV	Difference
Max Drawdown Largest peak-to-trough decline	-23.86%	-13.15%	-10.71%
Max Drawdown (1Y) Largest decline over 1 year	-9.16%	-6.66%	-2.50%
Max Drawdown (3Y) Largest decline over 3 years	-17.89%	-13.15%	-4.74%
Max Drawdown (5Y) Largest decline over 5 years	-23.86%	—	—
Current Drawdown Current decline from peak	0.00%	-2.72%	+2.72%
Average Drawdown Average peak-to-trough decline	-4.79%	-3.66%	-1.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.22%	2.25%	-0.03%

Volatility

VSLU vs. THLV - Volatility Comparison

Applied Finance Valuation Large Cap US ETF (VSLU) has a higher volatility of 3.03% compared to THOR Equal Weight Low Volatility ETF (THLV) at 2.85%. This indicates that VSLU's price experiences larger fluctuations and is considered to be riskier than THLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VSLU	THLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.03%	2.85%	+0.18%
Volatility (6M) Calculated over the trailing 6-month period	9.57%	8.02%	+1.55%
Volatility (1Y) Calculated over the trailing 1-year period	12.68%	10.32%	+2.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.22%	11.74%	+4.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.01%	11.74%	+4.27%

VSLU vs. THLV - Expense Ratio Comparison

VSLU has a 0.49% expense ratio, which is lower than THLV's 0.64% expense ratio.

Dividends

VSLU vs. THLV - Dividend Comparison

VSLU's dividend yield for the trailing twelve months is around 0.43%, less than THLV's 1.63% yield.

Position	TTM	2025	2024	2023	2022	2021
THLV THOR Equal Weight Low Volatility ETF	1.63%	1.77%	1.25%	2.72%	0.62%	0.00%
VSLU Applied Finance Valuation Large Cap US ETF	0.43%	0.46%	0.60%	0.60%	0.99%	0.57%

Frequently Asked Questions

Can I hold both VSLU and THLV in my portfolio?

VSLU and THLV have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VSLU or THLV?

VSLU has higher volatility (3.03%) compared to THLV (2.85%). In terms of maximum drawdown, VSLU dropped -23.86% vs THLV's -13.15%.

Which ETF is better, VSLU or THLV?

On 3-year performance, VSLU leads with 20.74% vs 10.54% for THLV. On fees, VSLU is cheaper at 0.49% per year. On volatility, THLV has been the lower-risk option at 2.85%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VSLU or THLV?

Over the 3-year period, VSLU has performed better with a 20.74% return vs 10.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VSLU or THLV?

VSLU is cheaper with a 0.49% expense ratio, compared with 0.64% for THLV.

Which ETF pays a higher dividend yield, VSLU or THLV?

THLV has the higher dividend yield at 1.63%, compared with 0.43% for VSLU.

What is the main difference between VSLU and THLV?

VSLU is categorized as Large Cap Blend Equities, while THLV is Equal Weight. They also come from different issuers: Applied Finance and THOR. Their fees differ too: 0.49% for VSLU and 0.64% for THLV.

Which has better risk-adjusted returns?

VSLU currently has the higher Sharpe Ratio (1.71 vs 1.51), 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.