IJJ vs. TMVE

Last updated Jun 26, 2026

IJJ (iShares S&P Mid-Cap 400 Value ETF) and TMVE (Thrivent Mid Cap Value ETF) are both Mid Cap Value Equities funds - IJJ tracks the S&P MidCap 400 Value Index while TMVE tracks the Actively Managed. Both are passively managed. Their correlation of 0.94 suggests significant overlap in exposure. IJJ charges 0.18%/yr vs 0.55%/yr for TMVE.

Performance

IJJ vs. TMVE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares S&P Mid-Cap 400 Value ETF (IJJ) 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, IJJ achieves a 12.50% return, which is significantly lower than TMVE's 19.40% return.

IJJ

• 1D: 0.90%
• 1M: 3.60%
• YTD: 12.50%
• 6M: 10.69%
• 1Y: 22.58%
• 3Y*: 14.51%
• 5Y*: 8.54%
• 10Y*: 11.30%

TMVE

• 1D: 1.36%
• 1M: 3.93%
• YTD: 19.40%
• 6M: 17.78%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IJJ vs. TMVE - Yearly Performance Comparison

	2026 (YTD)	2025
IJJ iShares S&P Mid-Cap 400 Value ETF	12.50%	3.83%
TMVE Thrivent Mid Cap Value ETF	19.40%	6.04%

Correlation

The correlation between IJJ and TMVE is 0.94, 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	0.94

Return for Risk

IJJ vs. TMVE — Risk / Return Rank

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

IJJ

IJJ Risk / Return Rank: 49
IJJ Sharpe Ratio Rank: 48
IJJ Sortino Ratio Rank: 52
IJJ Omega Ratio Rank: 46
IJJ Calmar Ratio Rank: 50
IJJ Martin Ratio Rank: 50

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.

IJJ vs. TMVE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P Mid-Cap 400 Value ETF (IJJ) 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.

	IJJ	TMVE	Difference
Sharpe ratio: Return per unit of total volatility	1.47	—	—
Sortino ratio: Return per unit of downside risk	2.22	—	—
Omega ratio: Gain probability vs. loss probability	1.26	—	—
Calmar ratio: Return relative to maximum drawdown	2.14	—	—
Martin ratio: Return relative to average drawdown	7.40	—	—

Drawdowns

IJJ vs. TMVE - Drawdown Comparison

The maximum IJJ drawdown since its inception was -58.00%, which is greater than TMVE's maximum drawdown of -8.21%. Use the drawdown chart below to compare losses from any high point for IJJ and TMVE.

Drawdown Indicators

	IJJ	TMVE	Difference
Max Drawdown Largest peak-to-trough decline	-58.00%	-8.21%	-49.79%
Max Drawdown (1Y) Largest decline over 1 year	-10.59%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-22.68%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-22.68%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-46.11%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-7.92%	-1.42%	-6.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.06%	—	—

Volatility

Volatility by Period

	IJJ	TMVE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.94%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.88%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.43%	13.81%	+1.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.52%	13.81%	+5.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.01%	13.81%	+8.20%

IJJ vs. TMVE - Expense Ratio Comparison

IJJ has a 0.18% expense ratio, which is lower than TMVE's 0.55% expense ratio.

Dividends

IJJ vs. TMVE - Dividend Comparison

IJJ's dividend yield for the trailing twelve months is around 1.59%, more than TMVE's 0.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IJJ iShares S&P Mid-Cap 400 Value ETF	1.59%	1.79%	1.81%	1.68%	1.97%	1.62%	1.78%	1.70%	2.01%	1.52%	1.67%	1.83%
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 IJJ and TMVE in my portfolio?

With a correlation of 0.94, IJJ 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, IJJ or TMVE?

On fees, IJJ is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IJJ or TMVE?

IJJ is cheaper with a 0.18% expense ratio, compared with 0.55% for TMVE.

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

IJJ has the higher dividend yield at 1.59%, compared with 0.10% for TMVE.

What is the main difference between IJJ and TMVE?

IJJ tracks S&P MidCap 400 Value Index, while TMVE tracks Actively Managed. They also come from different issuers: iShares and Thrivent. Their fees differ too: 0.18% for IJJ and 0.55% for TMVE.