CVAR vs. TMVE
CVAR (Cultivar ETF) and TMVE (Thrivent Mid Cap Value ETF) are both Mid Cap Value Equities funds. CVAR is actively managed, while TMVE is passively managed. Their 0.60 correlation means they have sometimes moved together and sometimes differently. CVAR charges 0.87%/yr vs 0.55%/yr for TMVE.
Performance
CVAR vs. TMVE - Performance Comparison
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Returns By Period
In the year-to-date period, CVAR achieves a 6.25% return, which is significantly lower than TMVE's 17.86% return.
CVAR
- 1D
- -0.39%
- 1M
- 2.81%
- 6M
- 3.56%
- YTD
- 6.25%
- 1Y
- 17.21%
- 3Y*
- 8.20%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 6.67%
TMVE
- 1D
- 0.02%
- 1M
- -0.42%
- 6M
- 12.51%
- YTD
- 17.86%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
CVAR Cultivar ETF | $56.02K | $61.92K | $58.96K |
| $149.11K | $96.01K | $541.62K |
CVAR vs. TMVE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CVAR Cultivar ETF | 6.25% | 3.85% |
TMVE Thrivent Mid Cap Value ETF | 17.86% | 6.04% |
Correlation
The correlation between CVAR and TMVE is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025 | 0.60 |
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Return for Risk
CVAR vs. TMVE — Risk / Return Rank
CVAR
TMVE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CVAR vs. TMVE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cultivar ETF (CVAR) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CVAR | TMVE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.25 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | — | — |
| Martin ratioReturn relative to average drawdown | 4.24 | — | — |
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Drawdowns
CVAR vs. TMVE - Drawdown Comparison
The maximum CVAR drawdown since its inception was -19.39%, which is greater than TMVE's maximum drawdown of -8.21%. Use the drawdown chart below to compare losses from any high point for CVAR and TMVE.
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Drawdown Indicators
| CVAR | TMVE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.39% | -8.21% | -11.18% |
Max Drawdown (1Y)Largest decline over 1 year | -8.45% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -13.82% | — | — |
Current DrawdownCurrent decline from peak | -0.98% | -1.29% | +0.31% |
Average DrawdownAverage peak-to-trough decline | -5.48% | -1.36% | -4.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.93% | — | — |
Volatility
CVAR vs. TMVE - Volatility Comparison
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Volatility by Period
| CVAR | TMVE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.96% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 8.28% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 11.71% | 13.21% | -1.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.39% | 13.21% | +2.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.39% | 13.21% | +2.18% |
CVAR vs. TMVE - Expense Ratio Comparison
CVAR has a 0.87% expense ratio, which is higher than TMVE's 0.55% expense ratio.
Dividends
CVAR vs. TMVE - Dividend Comparison
CVAR's dividend yield for the trailing twelve months is around 1.44%, more than TMVE's 0.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CVAR Cultivar ETF | 1.44% | 1.53% | 3.57% | 1.41% | 5.52% |
TMVE Thrivent Mid Cap Value ETF | 0.10% | 0.12% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CVAR and TMVE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TMVE is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TMVE is cheaper with a 0.55% expense ratio, compared with 0.87% for CVAR.
CVAR has the higher dividend yield at 1.44%, compared with 0.10% for TMVE.
They also come from different issuers: Cultivar and Thrivent. Their fees differ too: 0.87% for CVAR and 0.55% for TMVE.
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