EQRR vs. TMVE

Last updated Jun 4, 2026

EQRR (ProShares Equities for Rising Rates ETF) and TMVE (Thrivent Mid Cap Value ETF) are both Mid Cap Value Equities funds - EQRR tracks the Nasdaq US Large Cap Equity Rising Rates Index while TMVE tracks the Actively Managed. Both are passively managed. A 0.69 correlation means they provide meaningful diversification when combined. EQRR charges 0.35%/yr vs 0.55%/yr for TMVE.

Performance

EQRR vs. TMVE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Equities for Rising Rates ETF (EQRR) 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, EQRR achieves a 27.33% return, which is significantly higher than TMVE's 15.00% return.

EQRR

• 1D: -0.58%
• 1M: 8.10%
• YTD: 27.33%
• 6M: 27.15%
• 1Y: 41.70%
• 3Y*: 22.28%
• 5Y*: 12.33%
• 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)

EQRR vs. TMVE - Yearly Performance Comparison

	2026 (YTD)	2025
EQRR ProShares Equities for Rising Rates ETF	27.33%	4.64%
TMVE Thrivent Mid Cap Value ETF	15.00%	6.04%

Correlation

The correlation between EQRR and TMVE is 0.69, 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	0.69

Return for Risk

EQRR vs. TMVE — Risk / Return Rank

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

EQRR

EQRR Risk / Return Rank: 91
EQRR Sharpe Ratio Rank: 90
EQRR Sortino Ratio Rank: 89
EQRR Omega Ratio Rank: 88
EQRR Calmar Ratio Rank: 95
EQRR Martin Ratio Rank: 95

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.

EQRR vs. TMVE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Equities for Rising Rates ETF (EQRR) 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.

	EQRR	TMVE	Difference
Sharpe ratio Return per unit of total volatility	3.11	—	—
Sortino ratio Return per unit of downside risk	4.10	—	—
Omega ratio Gain probability vs. loss probability	1.56	—	—
Calmar ratio Return relative to maximum drawdown	8.47	—	—
Martin ratio Return relative to average drawdown	31.54	—	—
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

	EQRR	TMVE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.11	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	3.25	-2.82

Drawdowns

EQRR vs. TMVE - Drawdown Comparison

The maximum EQRR drawdown since its inception was -57.93%, which is greater than TMVE's maximum drawdown of -8.21%. Use the drawdown chart below to compare losses from any high point for EQRR and TMVE.

Drawdown Indicators

	EQRR	TMVE	Difference
Max Drawdown Largest peak-to-trough decline	-57.93%	-8.21%	-49.72%
Max Drawdown (1Y) Largest decline over 1 year	-4.95%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-17.75%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.75%	—	—
Current Drawdown Current decline from peak	-0.58%	0.00%	-0.58%
Average Drawdown Average peak-to-trough decline	-10.08%	-1.55%	-8.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.33%	—	—

Volatility

Volatility by Period

	EQRR	TMVE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.72%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.35%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.50%	13.98%	-0.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.39%	13.98%	+7.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.87%	13.98%	+10.89%

EQRR vs. TMVE - Expense Ratio Comparison

EQRR has a 0.35% expense ratio, which is lower than TMVE's 0.55% expense ratio.

Dividends

EQRR vs. TMVE - Dividend Comparison

EQRR's dividend yield for the trailing twelve months is around 1.20%, more than TMVE's 0.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
EQRR ProShares Equities for Rising Rates ETF	1.20%	1.70%	2.17%	2.77%	2.34%	1.71%	2.17%	2.05%	2.47%	0.69%
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%

Frequently Asked Questions

Can I hold both EQRR and TMVE in my portfolio?

EQRR and TMVE have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EQRR or TMVE?

On fees, EQRR is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EQRR or TMVE?

EQRR is cheaper with a 0.35% expense ratio, compared with 0.55% for TMVE.

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

EQRR has the higher dividend yield at 1.20%, compared with 0.10% for TMVE.

What is the main difference between EQRR and TMVE?

EQRR tracks Nasdaq US Large Cap Equity Rising Rates Index, while TMVE tracks Actively Managed. They also come from different issuers: ProShares and Thrivent. Their fees differ too: 0.35% for EQRR and 0.55% for TMVE.