QVAL vs. TMVE
QVAL (Alpha Architect U.S. Quantitative Value ETF) and TMVE (Thrivent Mid Cap Value ETF) are both Mid Cap Value Equities funds. QVAL is actively managed, while TMVE is passively managed. Their correlation of 0.84 suggests significant overlap in exposure. QVAL charges 0.28%/yr vs 0.55%/yr for TMVE.
Performance
QVAL vs. TMVE - Performance Comparison
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Returns By Period
In the year-to-date period, QVAL achieves a 14.09% return, which is significantly lower than TMVE's 17.39% return.
QVAL
- 1D
- 0.01%
- 1M
- 0.88%
- YTD
- 14.09%
- 6M
- 12.60%
- 1Y
- 28.74%
- 3Y*
- 20.50%
- 5Y*
- 12.15%
- 10Y*
- 11.91%
TMVE
- 1D
- -0.32%
- 1M
- 3.25%
- YTD
- 17.39%
- 6M
- 16.23%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QVAL vs. TMVE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QVAL Alpha Architect U.S. Quantitative Value ETF | 14.09% | 4.92% |
TMVE Thrivent Mid Cap Value ETF | 17.39% | 6.04% |
Correlation
The correlation between QVAL and TMVE is 0.84, 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 | 0.84 |
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Return for Risk
QVAL vs. TMVE — Risk / Return Rank
QVAL
TMVE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QVAL vs. TMVE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alpha Architect U.S. Quantitative Value ETF (QVAL) 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.
| QVAL | TMVE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.33 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.78 | — | — |
| Martin ratioReturn relative to average drawdown | 13.37 | — | — |
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Drawdowns
QVAL vs. TMVE - Drawdown Comparison
The maximum QVAL drawdown since its inception was -51.49%, which is greater than TMVE's maximum drawdown of -8.21%. Use the drawdown chart below to compare losses from any high point for QVAL and TMVE.
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Drawdown Indicators
| QVAL | TMVE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.49% | -8.21% | -43.28% |
Max Drawdown (1Y)Largest decline over 1 year | -6.04% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -21.41% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -27.17% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -51.49% | — | — |
Current DrawdownCurrent decline from peak | -2.47% | -0.69% | -1.78% |
Average DrawdownAverage peak-to-trough decline | -7.76% | -1.43% | -6.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.15% | — | — |
Volatility
QVAL vs. TMVE - Volatility Comparison
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Volatility by Period
| QVAL | TMVE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.95% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 10.21% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.71% | 13.81% | +0.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.64% | 13.81% | +7.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.78% | 13.81% | +8.97% |
QVAL vs. TMVE - Expense Ratio Comparison
QVAL has a 0.28% expense ratio, which is lower than TMVE's 0.55% expense ratio.
Dividends
QVAL vs. TMVE - Dividend Comparison
QVAL's dividend yield for the trailing twelve months is around 1.16%, more than TMVE's 0.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
QVAL Alpha Architect U.S. Quantitative Value ETF | 1.16% | 1.44% | 1.72% | 1.76% | 2.00% | 1.23% | 1.86% | 1.99% | 1.64% | 1.08% | 1.30% |
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% |
Frequently Asked Questions
QVAL and TMVE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QVAL is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QVAL is cheaper with a 0.28% expense ratio, compared with 0.55% for TMVE.
QVAL has the higher dividend yield at 1.16%, compared with 0.10% for TMVE.
They also come from different issuers: Alpha Architect and Thrivent. Their fees differ too: 0.28% for QVAL and 0.55% for TMVE.
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