FEMD vs. TMVE

Last updated Jun 25, 2026

FEMD (First Eagle Mid Cap Equity ETF) and TMVE (Thrivent Mid Cap Value ETF) are both Mid Cap Value Equities funds. FEMD is actively managed, while TMVE is passively managed. Their correlation of 0.91 suggests significant overlap in exposure. Both charge a 0.55% expense ratio.

Performance

FEMD vs. TMVE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Eagle Mid Cap Equity ETF (FEMD) and Thrivent Mid Cap Value ETF (TMVE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FEMD

• 1D: 0.74%
• 1M: 4.55%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TMVE

• 1D: 0.35%
• 1M: 3.61%
• YTD: 17.80%
• 6M: 16.20%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FEMD vs. TMVE - Yearly Performance Comparison

	2026 (YTD)
FEMD First Eagle Mid Cap Equity ETF	7.15%
TMVE Thrivent Mid Cap Value ETF	12.26%

Correlation

The correlation between FEMD 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 Jan 27, 2026	0.91

Return for Risk

FEMD vs. TMVE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Eagle Mid Cap Equity ETF (FEMD) 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.

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

Drawdowns

FEMD vs. TMVE - Drawdown Comparison

The maximum FEMD drawdown since its inception was -11.51%, which is greater than TMVE's maximum drawdown of -8.21%. Use the drawdown chart below to compare losses from any high point for FEMD and TMVE.

Drawdown Indicators

	FEMD	TMVE	Difference
Max Drawdown Largest peak-to-trough decline	-11.51%	-8.21%	-3.30%
Current Drawdown Current decline from peak	-1.37%	-0.35%	-1.02%
Average Drawdown Average peak-to-trough decline	-3.06%	-1.43%	-1.63%

Volatility

Volatility by Period

	FEMD	TMVE	Difference
Volatility (1Y) Calculated over the trailing 1-year period	20.78%	13.77%	+7.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.78%	13.77%	+7.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.78%	13.77%	+7.01%

FEMD vs. TMVE - Expense Ratio Comparison

Both FEMD and TMVE have an expense ratio of 0.55%.

Dividends

FEMD vs. TMVE - Dividend Comparison

FEMD has not paid dividends to shareholders, while TMVE's dividend yield for the trailing twelve months is around 0.10%.

Position	TTM	2025
FEMD First Eagle Mid Cap Equity ETF	0.00%	0.00%
TMVE Thrivent Mid Cap Value ETF	0.10%	0.12%

Frequently Asked Questions

Can I hold both FEMD and TMVE in my portfolio?

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

Both ETFs have the same 0.55% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FEMD or TMVE?

FEMD and TMVE have the same expense ratio: 0.55% per year.

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

TMVE has the higher dividend yield at 0.10%, compared with 0.00% for FEMD.

What is the main difference between FEMD and TMVE?

They also come from different issuers: First Eagle and Thrivent.