MDYV vs. TMVE
MDYV (SPDR S&P 400 Mid Cap Value ETF) and TMVE (Thrivent Mid Cap Value ETF) are both Mid Cap Value Equities funds - MDYV 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. MDYV charges 0.15%/yr vs 0.55%/yr for TMVE.
Performance
MDYV vs. TMVE - Performance Comparison
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Returns By Period
In the year-to-date period, MDYV achieves a 10.67% return, which is significantly lower than TMVE's 17.39% return.
MDYV
- 1D
- -0.38%
- 1M
- 2.88%
- YTD
- 10.67%
- 6M
- 9.08%
- 1Y
- 20.54%
- 3Y*
- 14.24%
- 5Y*
- 8.38%
- 10Y*
- 10.80%
TMVE
- 1D
- -0.32%
- 1M
- 3.25%
- YTD
- 17.39%
- 6M
- 16.23%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MDYV vs. TMVE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MDYV SPDR S&P 400 Mid Cap Value ETF | 10.67% | 3.81% |
TMVE Thrivent Mid Cap Value ETF | 17.39% | 6.04% |
Correlation
The correlation between MDYV 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 |
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Return for Risk
MDYV vs. TMVE — Risk / Return Rank
MDYV
TMVE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MDYV vs. TMVE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 400 Mid Cap Value ETF (MDYV) 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.
| MDYV | 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 | 1.96 | — | — |
| Martin ratioReturn relative to average drawdown | 6.75 | — | — |
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Drawdowns
MDYV vs. TMVE - Drawdown Comparison
The maximum MDYV drawdown since its inception was -60.71%, which is greater than TMVE's maximum drawdown of -8.21%. Use the drawdown chart below to compare losses from any high point for MDYV and TMVE.
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Drawdown Indicators
| MDYV | TMVE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.71% | -8.21% | -52.50% |
Max Drawdown (1Y)Largest decline over 1 year | -10.53% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -22.58% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.58% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -45.90% | — | — |
Current DrawdownCurrent decline from peak | -1.18% | -0.69% | -0.49% |
Average DrawdownAverage peak-to-trough decline | -8.60% | -1.43% | -7.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | — | — |
Volatility
MDYV vs. TMVE - Volatility Comparison
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Volatility by Period
| MDYV | TMVE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.91% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 10.72% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.36% | 13.81% | +1.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.45% | 13.81% | +5.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.88% | 13.81% | +8.07% |
MDYV vs. TMVE - Expense Ratio Comparison
MDYV has a 0.15% expense ratio, which is lower than TMVE's 0.55% expense ratio.
Dividends
MDYV vs. TMVE - Dividend Comparison
MDYV's dividend yield for the trailing twelve months is around 1.71%, more than TMVE's 0.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDYV SPDR S&P 400 Mid Cap Value ETF | 1.71% | 1.72% | 1.89% | 1.59% | 1.90% | 1.74% | 1.69% | 1.83% | 2.28% | 2.48% | 1.83% | 4.31% |
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 0.94, MDYV 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, MDYV is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MDYV is cheaper with a 0.15% expense ratio, compared with 0.55% for TMVE.
MDYV has the higher dividend yield at 1.71%, compared with 0.10% for TMVE.
MDYV tracks S&P MidCap 400 Value Index, while TMVE tracks Actively Managed. They also come from different issuers: State Street and Thrivent. Their fees differ too: 0.15% for MDYV and 0.55% for TMVE.
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