ETF Evaluator:
THOR Equal Weight Low Volatility ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Tactical Allocation Over the Last Year
| 31.2% | Relative Sentiment Tactical Allc ETF (MOOD) |
| 27.5% | RH Tactical Rotation ETF (RHRX) |
| 25.2% | Cambria Global Momentum ETF (GMOM) |
| 24.3% | STF Tactical Growth ETF (TUG) |
| 23.1% | Alexis Practical Tactical ETF (LEXI) |
Risk
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Risk
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ETF Details
THOR Equal Weight Low Volatility ETF Overview
THOR Equal Weight Low Volatility ETF (THLV) is a passively managed Allocation Tactical Allocation exchange-traded fund (ETF). THOR launched the ETF in 2022.
The investment seeks to provide investment results that generally correspond, before fees and expenses, to the performance of the THOR Equal Weight Low Volatility Index.
The fund seeks to achieve its investment objective by investing at least 80% of its total assets in securities included in the index. The rules-based index is comprised of U.S. equity exchange traded funds (“ETFs”). The primary goal of the index is to gain exposure to U.S. large cap equities while attempting to lower volatility by avoiding sectors that are currently in a down trending cycle.
About THOR Equal Weight Low Volatility ETF (THLV)
There are 2 members of the management team with an average tenure of 3.88 years: Bradley Roth (2022) and Cameron Roth (2022). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and THOR Equal Weight Low Volatility USD index with a weighting of 100%. THOR Equal Weight Low Volatility ETF has 8 securities in its portfolio. The top 10 holdings constitute 100.2% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
THOR Equal Weight Low Volatility ETF is part of the Allocation global asset class and is within the Allocation ETF group. THOR Equal Weight Low Volatility ETF has 1.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 94.8% There is 1.2% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). THOR Equal Weight Low Volatility ETF has 4.0% of the portfolio in cash.
Assets Under Management
The fund has $56 million in total assets, which is below the $144 million average for the Tactical Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
THLV Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The THOR Equal Weight Low Volatility ETF expense ratio is above average compared to funds in the Tactical Allocation category. THOR Equal Weight Low Volatility ETF has an expense ratio of 0.64%, which is 34% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. THOR Equal Weight Low Volatility ETF has a portfolio turnover rate of 519%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 261% for the Tactical Allocation category.
Recently, in the month of July 2026, THOR Equal Weight Low Volatility ETF returned -2.9%, which earned it a grade of F, as the Tactical Allocation category had an average return of -1.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
THOR Equal Weight Low Volatility ETF has a trailing yield of 1.64%, which is below the 2.15% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
THOR Equal Weight Low Volatility ETF Grades
Year to date, the ETF has returned 8.5%, 1.0 percentage points better than the category, which translates into a grade of C. The fund has returned 13.7% over the past year (grade of C) and 9.5% over the past three years (grade of C).
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THLV Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| THLV Return (NAV) | -2.9% | 0.5% | 13.7% | 9.5% | na | na |
| THLV Return (Price) | -2.8% | 0.5% | 13.9% | 9.6% | na | na |
| NAV +/- Price Return | -0.070% | -0.012% | -0.209% | -0.067% | na | na |
| Tactical Allocation Avg | -1.4% | 1.6% | 15.9% | 10.6% | 5.4% | 7.4% |
| THLV Grade (NAV) | F | D | C | C | na | na |
| +/- Category (NAV) | -1.5% | -1.1% | -2.2% | -1.1% | na | na |
| THLV Tax-Cost Ratio | na | na | 0.7% | 0.8% | na | na |
THLV Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| THLV Return (NAV) | 8.5% | 10.5% | 9.5% | 5.9% | na | na | na | na | na | na | na |
| THLV Return (Price) | 8.5% | 10.5% | 9.5% | 5.9% | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.004% | 0.000% | -0.001% | -0.007% | na | na | na | na | na | na | na |
| Tactical Allocation Avg | 7.5% | 12.7% | 11.7% | 10.7% | -13.3% | 16.9% | 7.5% | 14.0% | -6.3% | 19.2% | 7.1% |
| THLV Grade (NAV) | C | D | D | D | na | na | na | na | na | na | na |
| +/- Category | 1.0% | -2.2% | -2.2% | -4.8% | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 0.90 |
| R-Squared: | 62% |
| Standard Deviation: | 10.7% |
| Category Risk Index: | 0.91 |
| Category Risk Rating: | Average |
| Total Risk Index: | 0.87 |
| Total Risk Rating: | Below Average |
| Portfolio Characteristics | |
| Yield: | 1.6% |
| Total Assets: | $ 56 Mil |
| Share Class Assets: | $ 56 Mil |
| Turnover: | 519.0% |
| Expense Ratio: | 0.64% |
| Index Fund: | Yes |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 3.9 years | |||
| Average Tenure: 3.9 years | |||
| Managers (Year): Roth Bradley (2022), Roth Cameron (2022) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 8 |
| % in Top 10 Holdings: | 100.2% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 1.2% |
Portfolio Allocation |
|
| Domestic Stock: | 94.8% |
| Foreign Stock: | 1.2% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 4.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | THOR |
| Phone Number: | 800-974-6964 |
| Website: | |
| Inception Date: | September 12, 2022 |
Expenses and Fees
| Expense Ratio (%): | 0.64% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.97% |
