Thread uses a 2.4 GHz frequency, which is the same as Zigbee and Bluetooth. But the biggest differentiator for Thread is that it’s IP-based.
Z-Wave and Zigbee use their own networks, but Thread uses an IP network, which makes it easier for it to communicate with Wi-Fi networks and cellular networks. For you, that means it’s faster and more reliable at communicating across networks than some other smart home protocols.