EPMV vs. TMVE

Last updated Jun 5, 2026

EPMV (Harbor Mid Cap Value ETF) and TMVE (Thrivent Mid Cap Value ETF) are both Mid Cap Value Equities funds. EPMV is actively managed, while TMVE is passively managed. Their correlation of 0.91 suggests significant overlap in exposure. EPMV charges 0.88%/yr vs 0.55%/yr for TMVE.

Performance

EPMV vs. TMVE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Mid Cap Value ETF (EPMV) 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, EPMV achieves a 19.18% return, which is significantly higher than TMVE's 15.55% return.

EPMV

• 1D: 0.63%
• 1M: 6.05%
• YTD: 19.18%
• 6M: 20.09%
• 1Y: 30.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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)

EPMV vs. TMVE - Yearly Performance Comparison

	2026 (YTD)	2025
EPMV Harbor Mid Cap Value ETF	19.18%	6.91%
TMVE Thrivent Mid Cap Value ETF	15.55%	6.04%

Correlation

The correlation between EPMV and TMVE is 0.91, 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	0.91

Return for Risk

EPMV vs. TMVE — Risk / Return Rank

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

EPMV

EPMV Risk / Return Rank: 65
EPMV Sharpe Ratio Rank: 62
EPMV Sortino Ratio Rank: 66
EPMV Omega Ratio Rank: 61
EPMV Calmar Ratio Rank: 72
EPMV Martin Ratio Rank: 65

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.

EPMV vs. TMVE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Mid Cap Value ETF (EPMV) 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.

	EPMV	TMVE	Difference
Sharpe ratio: Return per unit of total volatility	2.05	—	—
Sortino ratio: Return per unit of downside risk	3.01	—	—
Omega ratio: Gain probability vs. loss probability	1.36	—	—
Calmar ratio: Return relative to maximum drawdown	3.54	—	—
Martin ratio: Return relative to average drawdown	11.67	—	—
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

	EPMV	TMVE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.05	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.10	3.30	-1.20

Drawdowns

EPMV vs. TMVE - Drawdown Comparison

The maximum EPMV drawdown since its inception was -8.78%, which is greater than TMVE's maximum drawdown of -8.21%. Use the drawdown chart below to compare losses from any high point for EPMV and TMVE.

Drawdown Indicators

	EPMV	TMVE	Difference
Max Drawdown Largest peak-to-trough decline	-8.78%	-8.21%	-0.57%
Max Drawdown (1Y) Largest decline over 1 year	-8.78%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.77%	-1.53%	-0.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.66%	—	—

Volatility

Volatility by Period

	EPMV	TMVE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.19%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.34%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.15%	13.91%	+1.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.46%	13.91%	+1.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.46%	13.91%	+1.55%

EPMV vs. TMVE - Expense Ratio Comparison

EPMV has a 0.88% expense ratio, which is higher than TMVE's 0.55% expense ratio.

Dividends

EPMV vs. TMVE - Dividend Comparison

EPMV's dividend yield for the trailing twelve months is around 1.24%, more than TMVE's 0.10% yield.

Position	TTM	2025
EPMV Harbor Mid Cap Value ETF	1.24%	1.48%
TMVE Thrivent Mid Cap Value ETF	0.10%	0.12%

Frequently Asked Questions

Can I hold both EPMV and TMVE in my portfolio?

With a correlation of 0.91, EPMV 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, EPMV or TMVE?

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.

Which ETF is cheaper, EPMV or TMVE?

TMVE is cheaper with a 0.55% expense ratio, compared with 0.88% for EPMV.

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

EPMV has the higher dividend yield at 1.24%, compared with 0.10% for TMVE.

What is the main difference between EPMV and TMVE?

They also come from different issuers: Harbor and Thrivent. Their fees differ too: 0.88% for EPMV and 0.55% for TMVE.