COWS vs. TMVE

Last updated Jun 4, 2026

COWS (Amplify Cash Flow Dividend Leaders ETF) and TMVE (Thrivent Mid Cap Value ETF) are both Mid Cap Value Equities funds - COWS tracks the Kelly US Cash Flow Dividend Leaders Index while TMVE tracks the Actively Managed. Both are passively managed. A 0.79 correlation means they provide meaningful diversification when combined. COWS charges 0.00%/yr vs 0.55%/yr for TMVE.

Performance

COWS vs. TMVE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Cash Flow Dividend Leaders ETF (COWS) 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, COWS achieves a 9.22% return, which is significantly lower than TMVE's 15.00% return.

COWS

• 1D: -0.63%
• 1M: 5.01%
• YTD: 9.22%
• 6M: 9.70%
• 1Y: 30.18%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TMVE

• 1D: 1.11%
• 1M: 2.42%
• YTD: 15.00%
• 6M: 16.86%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

COWS vs. TMVE - Yearly Performance Comparison

	2026 (YTD)	2025
COWS Amplify Cash Flow Dividend Leaders ETF	9.22%	6.64%
TMVE Thrivent Mid Cap Value ETF	15.00%	6.04%

Correlation

The correlation between COWS and TMVE is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025	0.79

Return for Risk

COWS vs. TMVE — Risk / Return Rank

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

COWS

COWS Risk / Return Rank: 65
COWS Sharpe Ratio Rank: 55
COWS Sortino Ratio Rank: 57
COWS Omega Ratio Rank: 53
COWS Calmar Ratio Rank: 85
COWS Martin Ratio Rank: 75

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.

COWS vs. TMVE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Cash Flow Dividend Leaders ETF (COWS) 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.

	COWS	TMVE	Difference
Sharpe ratio Return per unit of total volatility	1.88	—	—
Sortino ratio Return per unit of downside risk	2.76	—	—
Omega ratio Gain probability vs. loss probability	1.33	—	—
Calmar ratio Return relative to maximum drawdown	4.71	—	—
Martin ratio Return relative to average drawdown	14.35	—	—
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

	COWS	TMVE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.88	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.90	3.25	-2.34

Drawdowns

COWS vs. TMVE - Drawdown Comparison

The maximum COWS drawdown since its inception was -24.76%, which is greater than TMVE's maximum drawdown of -8.21%. Use the drawdown chart below to compare losses from any high point for COWS and TMVE.

Drawdown Indicators

	COWS	TMVE	Difference
Max Drawdown Largest peak-to-trough decline	-24.76%	-8.21%	-16.55%
Max Drawdown (1Y) Largest decline over 1 year	-6.44%	—	—
Current Drawdown Current decline from peak	-0.90%	0.00%	-0.90%
Average Drawdown Average peak-to-trough decline	-3.95%	-1.55%	-2.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.11%	—	—

Volatility

Volatility by Period

	COWS	TMVE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.58%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.09%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.21%	13.98%	+2.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.85%	13.98%	+4.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.85%	13.98%	+4.87%

COWS vs. TMVE - Expense Ratio Comparison

COWS has a 0.00% expense ratio, which is lower than TMVE's 0.55% expense ratio.

Dividends

COWS vs. TMVE - Dividend Comparison

COWS's dividend yield for the trailing twelve months is around 1.60%, more than TMVE's 0.10% yield.

Position	TTM	2025	2024	2023
COWS Amplify Cash Flow Dividend Leaders ETF	1.60%	2.04%	2.08%	0.67%
TMVE Thrivent Mid Cap Value ETF	0.10%	0.12%	0.00%	0.00%

Frequently Asked Questions

Can I hold both COWS and TMVE in my portfolio?

COWS and TMVE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, COWS or TMVE?

On fees, COWS is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, COWS or TMVE?

COWS is cheaper with a 0.00% expense ratio, compared with 0.55% for TMVE.

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

COWS has the higher dividend yield at 1.60%, compared with 0.10% for TMVE.

What is the main difference between COWS and TMVE?

COWS tracks Kelly US Cash Flow Dividend Leaders Index, while TMVE tracks Actively Managed. They also come from different issuers: Amplify and Thrivent. Their fees differ too: 0.00% for COWS and 0.55% for TMVE.