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Launched

THOR Equal Weight Low Volatility ETF

THLVNYSED

$31.39−0.10 (−0.30%)

As of Oct 13, 2026, 3:59 PM

D34/ 100

Rank 89 of 99 in US Multifactor

D34/100Rank 89 of 99inUS Multifactor
Intraday session: down, 66 prints from 31.48 to 31.39. Range 31.36 to 31.49. Use the arrow keys to read each point.31.3531.4031.4331.4510 AM12 PM2 PM4 PM
Expense ratio
0.64%
Fund size
$56M
1Y total return
+8.5%
Yield · Last 12 months
1.68%
Holdings
4
Avg volume · 30D
0M sh
NAV per share
$31.50
52W range
low $29.39high $33.48
Launched

The ETF.net THLV Grade

D

Score 34 out of 100

Category
US Multifactor⁠
Rank
89 of 99
Six-pillar profile for THLV. Scores out of 100: Cost 9, Risk 60, Mission 65, Tradability 22, Holdings 19, Durability 29. Strongest: Mission (65). Weakest: Cost (9). Leans toward Mission and Risk.

Score 34 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F9 out of 100
    Rank 90 of 99

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    B65 out of 100
    Rank 71 of 86

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B60 out of 100
    Rank 33 of 97

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F22 out of 100
    Rank 93 of 99

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    F19 out of 100
    Rank 97 of 98

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D29 out of 100
    Rank 89 of 99

Our read on THLV

ETF.net Research

DMost low-volatility funds screen individual stocks. THLV works a level up: it holds U.S. equity ETFs in equal weight and rotates them by rule, tilting toward calmer corners of the market.

Stated mandate

The Fund seeks results corresponding to the THOR Equal Weight Low Volatility Index. It invests at least 80% of assets in index securities, which are U.S. equity ETFs selected through a rules-based sector rotation process.

Why people hold it

  1. 01A fund of funds by design. It owns U.S. equity ETFs rather than single names, so no one company can dominate the portfolio.
  2. 02Rules all the way down: sector rotation follows THOR's own low-volatility and momentum index, not a manager's gut call.
  3. 03Purely domestic, with at least 80% of assets in the index's U.S. equity ETFs. No currency layer to untangle.
  4. 04Risk behavior is where it stands up best inside its multifactor peer group, which is the point of a low-vol mandate.

Worth knowing

  1. 01Cost is the trade-off: 0.64% a year, well above what most funds in this multifactor group charge.
  2. 02Thinly traded. Spreads can run wider than at heavily traded peers, and limit orders matter more here.
  3. 03Launched in 2022 with a modest asset base, so the track record is shorter than most of its peer group's.

THLV Holdings

As of Oct 11, 2026
Asset class
Stocks
Holdings
4
Top-10 weight
101%
Largest holding
BIL40.0%

Sectors

  • Technology34.4%
  • Health Care33.3%
  • Financials32.2%
  • Industrials0.1%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001BILSPDR Bloomberg 1-3 Month T-Bill ETF USD Class40.03%243,841$22M19
002XLKState Street Technology Select Sector SPDR ETF USD Class20.40%57,225$11M36
003XLVState Street Health Care Select Sector SPDR ETF USD Class20.14%65,726$11M31
004XLFState Street Financial Select Sector SPDR ETF USD Class20.00%203,733$11M25

Showing 1–4 of 4 holdings

THLV Performance

Launched Sep 12, 2022

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.
THLV$10,853
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. THLV $10,853. SPY $12,044. Use the arrow keys to read each point.$9,582$10,912$12,243Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for THLV. Periods over one year show the average yearly return.
PeriodTHLV
Year to date+5.4%
1 month−1.3%
3 months−5.6%
1 year+8.5%
3 yearsper year+11.2%
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for THLV
YearReturn barTHLV
2026 YTD+5.4%
2025+10.5%
2024+9.5%
2023+5.9%
2022+2.6%

History from Sep 13, 2022

THLV in the news

Filtered to THLV · US Multifactor

THLV Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 12, 2026.
1.68%Last 12 months
Payout per share
$0.53Last 12 months
Last payment
$0.53 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2022–2026

One bar per payment. 4 payments from 2022 to 2026 YTD. Dec 15, 2022 $0.15; Dec 14, 2023 $0.69; Dec 12, 2024 $0.35; Dec 12, 2025 $0.53. Use the arrow keys to read each point.20222023202420252026YTD
Ex-datePay dateAmount per share
Dec 12, 2025Dec 17, 2025$0.53
Dec 12, 2024Dec 17, 2024$0.35
Dec 14, 2023Dec 20, 2023$0.69
Dec 15, 2022Dec 21, 2022$0.15

THLV Risk

How much the fund’s monthly returns vary, scaled to a year.
10.4%
Annualised · 36 months to Sep 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.61
vs 3-month T-bills · to Sep 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−13.4%
48 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.89
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

THLV Cost

Expense ratio0.64%
  • The middle half of US Multifactor funds
  • Median 0.30%

90 of the 99 US Multifactor funds charge less.

THLV costs $64.00 a year on $10,000. The median US Multifactor fund costs $30.00.

Other funds in US Multifactor

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