IVOV vs. TMVE
IVOV (Vanguard S&P Mid-Cap 400 Value ETF) and TMVE (Thrivent Mid Cap Value ETF) are both Mid Cap Value Equities funds - IVOV tracks the S&P MidCap 400 Value Index while TMVE tracks the Actively Managed. Both are passively managed. Their correlation of 0.95 suggests significant overlap in exposure. IVOV charges 0.10%/yr vs 0.55%/yr for TMVE.
Performance
IVOV vs. TMVE - Performance Comparison
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Returns By Period
In the year-to-date period, IVOV achieves a 8.98% return, which is significantly lower than TMVE's 14.73% return.
IVOV
- 1D
- -0.30%
- 1M
- 1.86%
- YTD
- 8.98%
- 6M
- 9.21%
- 1Y
- 20.80%
- 3Y*
- 13.95%
- 5Y*
- 7.51%
- 10Y*
- 10.41%
TMVE
- 1D
- -0.23%
- 1M
- 2.73%
- YTD
- 14.73%
- 6M
- 15.49%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IVOV vs. TMVE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IVOV Vanguard S&P Mid-Cap 400 Value ETF | 8.98% | 6.11% |
TMVE Thrivent Mid Cap Value ETF | 14.73% | 6.04% |
Correlation
The correlation between IVOV and TMVE is 0.95, 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 | 0.95 |
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Return for Risk
IVOV vs. TMVE — Risk / Return Rank
IVOV
TMVE
IVOV vs. TMVE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P Mid-Cap 400 Value ETF (IVOV) 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.
| IVOV | TMVE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.24 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.97 | — | — |
| Martin ratioReturn relative to average drawdown | 6.80 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IVOV | TMVE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.37 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 3.18 | -2.61 |
Drawdowns
IVOV vs. TMVE - Drawdown Comparison
The maximum IVOV drawdown since its inception was -45.99%, which is greater than TMVE's maximum drawdown of -8.21%. Use the drawdown chart below to compare losses from any high point for IVOV and TMVE.
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Drawdown Indicators
| IVOV | TMVE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.99% | -8.21% | -37.78% |
Max Drawdown (1Y)Largest decline over 1 year | -10.58% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -22.61% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.61% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -45.99% | — | — |
Current DrawdownCurrent decline from peak | -0.31% | -0.23% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -5.43% | -1.54% | -3.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | — | — |
Volatility
IVOV vs. TMVE - Volatility Comparison
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Volatility by Period
| IVOV | TMVE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.07% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 10.61% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.27% | 13.94% | +1.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.48% | 13.94% | +5.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.73% | 13.94% | +7.79% |
IVOV vs. TMVE - Expense Ratio Comparison
IVOV has a 0.10% expense ratio, which is lower than TMVE's 0.55% expense ratio.
Dividends
IVOV vs. TMVE - Dividend Comparison
IVOV's dividend yield for the trailing twelve months is around 1.67%, more than TMVE's 0.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVOV Vanguard S&P Mid-Cap 400 Value ETF | 1.67% | 1.82% | 1.74% | 1.52% | 1.97% | 1.78% | 2.42% | 1.75% | 1.87% | 1.55% | 1.51% | 1.66% |
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
With a correlation of 0.95, IVOV 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.
On fees, IVOV is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IVOV is cheaper with a 0.10% expense ratio, compared with 0.55% for TMVE.
IVOV has the higher dividend yield at 1.67%, compared with 0.10% for TMVE.
IVOV tracks S&P MidCap 400 Value Index, while TMVE tracks Actively Managed. They also come from different issuers: Vanguard and Thrivent. Their fees differ too: 0.10% for IVOV and 0.55% for TMVE.
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