AIVL vs. TMVE

Last updated Jun 5, 2026

AIVL (WisdomTree U.S. Al Enhanced Value Fund) and TMVE (Thrivent Mid Cap Value ETF) are both Mid Cap Value Equities funds. AIVL is actively managed, while TMVE is passively managed. Their correlation of 0.86 suggests significant overlap in exposure. AIVL charges 0.38%/yr vs 0.55%/yr for TMVE.

Performance

AIVL vs. TMVE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree U.S. Al Enhanced Value Fund (AIVL) and Thrivent Mid Cap Value ETF (TMVE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIVL achieves a 10.60% return, which is significantly lower than TMVE's 15.55% return.

AIVL

• 1D: 0.01%
• 1M: 2.83%
• YTD: 10.60%
• 6M: 11.55%
• 1Y: 16.62%
• 3Y*: 14.47%
• 5Y*: 7.05%
• 10Y*: 8.24%

TMVE

• 1D: 0.71%
• 1M: 2.49%
• YTD: 15.55%
• 6M: 16.16%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AIVL vs. TMVE - Yearly Performance Comparison

	2026 (YTD)	2025
AIVL WisdomTree U.S. Al Enhanced Value Fund	10.60%	3.60%
TMVE Thrivent Mid Cap Value ETF	15.55%	6.04%

Correlation

The correlation between AIVL and TMVE is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025	0.86

Return for Risk

AIVL vs. TMVE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AIVL

AIVL Risk / Return Rank: 45
AIVL Sharpe Ratio Rank: 43
AIVL Sortino Ratio Rank: 44
AIVL Omega Ratio Rank: 42
AIVL Calmar Ratio Rank: 44
AIVL Martin Ratio Rank: 51

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AIVL vs. TMVE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. Al Enhanced Value Fund (AIVL) and Thrivent Mid Cap Value ETF (TMVE). 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.

	AIVL	TMVE	Difference
Sharpe ratio: Return per unit of total volatility	1.49	—	—
Sortino ratio: Return per unit of downside risk	2.18	—	—
Omega ratio: Gain probability vs. loss probability	1.27	—	—
Calmar ratio: Return relative to maximum drawdown	2.13	—	—
Martin ratio: Return relative to average drawdown	8.60	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	AIVL	TMVE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.49	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	3.30	-2.88

Drawdowns

AIVL vs. TMVE - Drawdown Comparison

The maximum AIVL drawdown since its inception was -62.48%, which is greater than TMVE's maximum drawdown of -8.21%. Use the drawdown chart below to compare losses from any high point for AIVL and TMVE.

Drawdown Indicators

	AIVL	TMVE	Difference
Max Drawdown Largest peak-to-trough decline	-62.48%	-8.21%	-54.27%
Max Drawdown (1Y) Largest decline over 1 year	-7.85%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.48%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.08%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-41.16%	—	—
Current Drawdown Current decline from peak	-0.22%	0.00%	-0.22%
Average Drawdown Average peak-to-trough decline	-7.91%	-1.53%	-6.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.94%	—	—

Volatility

Volatility by Period

	AIVL	TMVE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.98%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.62%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.19%	13.91%	-2.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.72%	13.91%	+0.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.34%	13.91%	+3.43%

AIVL vs. TMVE - Expense Ratio Comparison

AIVL has a 0.38% expense ratio, which is lower than TMVE's 0.55% expense ratio.

Dividends

AIVL vs. TMVE - Dividend Comparison

AIVL's dividend yield for the trailing twelve months is around 1.45%, more than TMVE's 0.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIVL WisdomTree U.S. Al Enhanced Value Fund	1.45%	1.61%	2.13%	2.43%	2.08%	2.75%	3.55%	3.25%	4.18%	3.16%	3.20%	3.41%
TMVE Thrivent Mid Cap Value ETF	0.10%	0.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AIVL and TMVE in my portfolio?

AIVL and TMVE have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AIVL or TMVE?

On fees, AIVL is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AIVL or TMVE?

AIVL is cheaper with a 0.38% expense ratio, compared with 0.55% for TMVE.

Which ETF pays a higher dividend yield, AIVL or TMVE?

AIVL has the higher dividend yield at 1.45%, compared with 0.10% for TMVE.

What is the main difference between AIVL and TMVE?

They also come from different issuers: WisdomTree and Thrivent. Their fees differ too: 0.38% for AIVL and 0.55% for TMVE.