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THLV

GradeDNew York Stock Exchange

THOR Equal Weight Low Volatility ETF

Factor & Screened Index · THOR · Inception 2022-09-12

$31.32−0.24 (−0.78%)

As of Sep 23, 2026, 3:15 PM EDT

History starts Sep 13, 2022.
Intraday session: down, 69 prints from 31.57 to 31.32. Range 31.30 to 31.50. Use the arrow keys to read each point.$31.35$31.40$31.45$31.5010 AM12 PM2 PM4 PM
Expense ratio
0.64%
Fund size
$55M
1Y return
+7.2%
Yield · Last 12 months
1.68%
Volume · 30D
0M sh
NAV per share
$31.55
52W range
low $29.39high $33.48

The ETF.net THLV Grade

D

34/ 100

Rank 87 of 99 in US Multifactor⁠

Confidence High

Six-pillar profile for THLV. Scores out of 100: Cost 9, Risk 62, Mission 67, Tradability 20, Holdings 19, Durability 27. Strongest: Mission (67). Weakest: Cost (9). Leans toward Mission and Risk.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 34 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 9
    Category rank91/99 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    BScore 67
    Category rank68/86 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 62
    Category rank32/96 · top 33%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 20
    Category rank91/99 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    FScore 19
    Category rank97/98 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 27
    Category rank92/99 · bottom quartile

Graded as of Sep 22, 2026

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 Sep 20, 2026, 10:13 AM
Asset class
Stocks
Holdings
—
Top-10 weight
100%
Largest holding
XLV17.0%

Sectors

Geography

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001XLVState Street Health Care Select Sector SPDR ETF USD Class17.01%54,934$9M28
002XLFState Street Financial Select Sector SPDR ETF USD Class16.38%159,511$9M25
003XLBState Street Materials Select Sector SPDR ETF USD Class16.14%175,543$9M20
004XLIState Street Industrial Select Sector SPDR ETF USD Class15.71%50,344$9M25
005XLREState Street Real Estate Select Sector SPDR ETF USD Class15.62%199,704$8M13
006XLUState Street Utilities Select Sector SPDR ETF USD Class15.25%201,840$8M23
007BILSPDR Bloomberg 1-3 Month T-Bill ETF USD Class4.22%25,070$2M19

Showing 1–7 of 7 holdings

THLV Performance

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

THLV$10,724
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. THLV $10,724. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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+5.6%
1 month−4.3%
3 months−5.0%
1 year+7.2%
3 years+10.7%per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per 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+5.6%
2025+10.5%
2024+9.5%
2023+5.9%
2022+2.6%

History from Sep 13, 2022

THLV in the news

ETF.net Research hasn’t filed on THLV yet — coverage lands here as it’s written.

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 Sep 22, 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.
10.5%
Annualised · 36 months to Aug 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.
0.58
vs 3-month T-bills · to Aug 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%

89 of the 98 US Multifactor funds charge less.

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