DON vs. TMVE

Last updated Jun 24, 2026

DON (WisdomTree US MidCap Dividend ETF) and TMVE (Thrivent Mid Cap Value ETF) are both Mid Cap Value Equities funds - DON tracks the WisdomTree U.S. MidCap Dividend Index while TMVE tracks the Actively Managed. Both are passively managed. Their correlation of 0.92 suggests significant overlap in exposure. DON charges 0.38%/yr vs 0.55%/yr for TMVE.

Performance

DON vs. TMVE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree US MidCap Dividend ETF (DON) 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, DON achieves a 9.19% return, which is significantly lower than TMVE's 17.39% return.

DON

• 1D: -0.11%
• 1M: 1.38%
• YTD: 9.19%
• 6M: 7.93%
• 1Y: 15.25%
• 3Y*: 14.11%
• 5Y*: 8.59%
• 10Y*: 9.54%

TMVE

• 1D: -0.32%
• 1M: 3.25%
• YTD: 17.39%
• 6M: 16.23%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DON vs. TMVE - Yearly Performance Comparison

	2026 (YTD)	2025
DON WisdomTree US MidCap Dividend ETF	9.19%	2.17%
TMVE Thrivent Mid Cap Value ETF	17.39%	6.04%

Correlation

The correlation between DON and TMVE is 0.92, 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 17, 2025	0.92

Return for Risk

DON vs. TMVE — Risk / Return Rank

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

DON

DON Risk / Return Rank: 35
DON Sharpe Ratio Rank: 34
DON Sortino Ratio Rank: 36
DON Omega Ratio Rank: 32
DON Calmar Ratio Rank: 36
DON Martin Ratio Rank: 36

TMVE

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

DON vs. TMVE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree US MidCap Dividend ETF (DON) 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.

	DON	TMVE	Difference
Sharpe ratio: Return per unit of total volatility	1.17	—	—
Sortino ratio: Return per unit of downside risk	1.81	—	—
Omega ratio: Gain probability vs. loss probability	1.21	—	—
Calmar ratio: Return relative to maximum drawdown	1.69	—	—
Martin ratio: Return relative to average drawdown	5.26	—	—

Drawdowns

DON vs. TMVE - Drawdown Comparison

The maximum DON drawdown since its inception was -61.94%, which is greater than TMVE's maximum drawdown of -8.21%. Use the drawdown chart below to compare losses from any high point for DON and TMVE.

Drawdown Indicators

	DON	TMVE	Difference
Max Drawdown Largest peak-to-trough decline	-61.94%	-8.21%	-53.73%
Max Drawdown (1Y) Largest decline over 1 year	-9.05%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-21.46%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.46%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-46.80%	—	—
Current Drawdown Current decline from peak	-1.29%	-0.69%	-0.60%
Average Drawdown Average peak-to-trough decline	-7.88%	-1.43%	-6.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.90%	—	—

Volatility

Volatility by Period

	DON	TMVE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.38%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.98%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.08%	13.81%	-0.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.70%	13.81%	+3.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.25%	13.81%	+6.44%

DON vs. TMVE - Expense Ratio Comparison

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

Dividends

DON vs. TMVE - Dividend Comparison

DON's dividend yield for the trailing twelve months is around 2.32%, more than TMVE's 0.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DON WisdomTree US MidCap Dividend ETF	2.32%	2.53%	2.27%	2.41%	2.71%	2.12%	2.77%	2.38%	2.55%	2.25%	2.48%	2.89%
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 DON and TMVE in my portfolio?

With a correlation of 0.92, DON and TMVE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, DON or TMVE?

On fees, DON 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, DON or TMVE?

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

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

DON has the higher dividend yield at 2.32%, compared with 0.10% for TMVE.

What is the main difference between DON and TMVE?

DON tracks WisdomTree U.S. MidCap Dividend Index, while TMVE tracks Actively Managed. They also come from different issuers: WisdomTree and Thrivent. Their fees differ too: 0.38% for DON and 0.55% for TMVE.