FOVL vs. TMVE

Last updated Jun 24, 2026

FOVL (iShares Focused Value Factor ETF) and TMVE (Thrivent Mid Cap Value ETF) are both Mid Cap Value Equities funds - FOVL tracks the MSCI USA IMI Focused Value Factor Index while TMVE tracks the Actively Managed. Both are passively managed. FOVL charges 0.25%/yr vs 0.55%/yr for TMVE.

Performance

FOVL vs. TMVE - Performance Comparison

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

Returns By Period

FOVL

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

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)

FOVL vs. TMVE - Yearly Performance Comparison

	2026 (YTD)	2025
FOVL iShares Focused Value Factor ETF	0.00%	0.00%
TMVE Thrivent Mid Cap Value ETF	17.39%	6.04%

Return for Risk

FOVL vs. TMVE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Focused Value Factor ETF (FOVL) 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

Drawdown Indicators

	FOVL	TMVE	Difference
Max Drawdown Largest peak-to-trough decline	—	-8.21%	—
Current Drawdown Current decline from peak	—	-0.69%	—
Average Drawdown Average peak-to-trough decline	—	-1.43%	—

Volatility

Volatility by Period

	FOVL	TMVE	Difference
Volatility (1Y) Calculated over the trailing 1-year period	—	13.81%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	13.81%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	13.81%	—

FOVL vs. TMVE - Expense Ratio Comparison

FOVL has a 0.25% expense ratio, which is lower than TMVE's 0.55% expense ratio.

Dividends

FOVL vs. TMVE - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022	2021	2020	2019
FOVL iShares Focused Value Factor ETF	0.00%	1.36%	2.08%	2.59%	3.38%	2.80%	2.88%	2.09%
TMVE Thrivent Mid Cap Value ETF	0.10%	0.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, FOVL or TMVE?

On fees, FOVL is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FOVL or TMVE?

FOVL is cheaper with a 0.25% expense ratio, compared with 0.55% for TMVE.

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

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

What is the main difference between FOVL and TMVE?

FOVL tracks MSCI USA IMI Focused Value Factor Index, while TMVE tracks Actively Managed. They also come from different issuers: iShares and Thrivent. Their fees differ too: 0.25% for FOVL and 0.55% for TMVE.