MDPL vs. TMVE

Last updated Jun 23, 2026

MDPL (Monarch Dividend Plus ETF) and TMVE (Thrivent Mid Cap Value ETF) are both Mid Cap Value Equities funds - MDPL tracks the Monarch Dividend Plus Index while TMVE tracks the Actively Managed. Both are passively managed. At a 0.48 correlation, their price movements are largely independent. MDPL charges 1.24%/yr vs 0.55%/yr for TMVE.

Performance

MDPL vs. TMVE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Monarch Dividend Plus ETF (MDPL) 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, MDPL achieves a -7.59% return, which is significantly lower than TMVE's 17.76% return.

MDPL

• 1D: -1.12%
• 1M: -6.08%
• YTD: -7.59%
• 6M: -8.10%
• 1Y: -2.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TMVE

• 1D: 0.28%
• 1M: 3.58%
• YTD: 17.76%
• 6M: 16.46%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MDPL vs. TMVE - Yearly Performance Comparison

	2026 (YTD)	2025
MDPL Monarch Dividend Plus ETF	-7.59%	5.16%
TMVE Thrivent Mid Cap Value ETF	17.76%	6.04%

Correlation

The correlation between MDPL and TMVE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025	0.48

Return for Risk

MDPL vs. TMVE — Risk / Return Rank

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

MDPL

MDPL Risk / Return Rank: 7
MDPL Sharpe Ratio Rank: 7
MDPL Sortino Ratio Rank: 7
MDPL Omega Ratio Rank: 7
MDPL Calmar Ratio Rank: 7
MDPL Martin Ratio Rank: 7

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.

MDPL vs. TMVE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Monarch Dividend Plus ETF (MDPL) 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.

	MDPL	TMVE	Difference
Sharpe ratio: Return per unit of total volatility	-0.14	—	—
Sortino ratio: Return per unit of downside risk	-0.10	—	—
Omega ratio: Gain probability vs. loss probability	0.99	—	—
Calmar ratio: Return relative to maximum drawdown	-0.19	—	—
Martin ratio: Return relative to average drawdown	-0.44	—	—

Drawdowns

MDPL vs. TMVE - Drawdown Comparison

The maximum MDPL drawdown since its inception was -14.21%, which is greater than TMVE's maximum drawdown of -8.21%. Use the drawdown chart below to compare losses from any high point for MDPL and TMVE.

Drawdown Indicators

	MDPL	TMVE	Difference
Max Drawdown Largest peak-to-trough decline	-14.21%	-8.21%	-6.00%
Max Drawdown (1Y) Largest decline over 1 year	-11.84%	—	—
Current Drawdown Current decline from peak	-11.84%	-0.37%	-11.47%
Average Drawdown Average peak-to-trough decline	-4.43%	-1.44%	-2.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.08%	—	—

Volatility

Volatility by Period

	MDPL	TMVE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.94%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.23%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.66%	13.84%	+1.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.22%	13.84%	+1.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.22%	13.84%	+1.38%

MDPL vs. TMVE - Expense Ratio Comparison

MDPL has a 1.24% expense ratio, which is higher than TMVE's 0.55% expense ratio.

Dividends

MDPL vs. TMVE - Dividend Comparison

MDPL's dividend yield for the trailing twelve months is around 1.40%, more than TMVE's 0.10% yield.

Position	TTM	2025	2024
MDPL Monarch Dividend Plus ETF	1.40%	1.42%	1.02%
TMVE Thrivent Mid Cap Value ETF	0.10%	0.12%	0.00%

Frequently Asked Questions

Can I hold both MDPL and TMVE in my portfolio?

MDPL and TMVE have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MDPL or TMVE?

On fees, TMVE is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MDPL or TMVE?

TMVE is cheaper with a 0.55% expense ratio, compared with 1.24% for MDPL.

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

MDPL has the higher dividend yield at 1.40%, compared with 0.10% for TMVE.

What is the main difference between MDPL and TMVE?

MDPL tracks Monarch Dividend Plus Index, while TMVE tracks Actively Managed. They also come from different issuers: Monarch and Thrivent. Their fees differ too: 1.24% for MDPL and 0.55% for TMVE.