RNIN vs. TMVE

Last updated Jun 3, 2026

RNIN (Bushido Capital US SMID Cap Equity ETF) and TMVE (Thrivent Mid Cap Value ETF) are both Mid Cap Value Equities funds. RNIN is actively managed, while TMVE is passively managed. A 0.67 correlation means they provide meaningful diversification when combined. RNIN charges 0.68%/yr vs 0.55%/yr for TMVE.

Performance

RNIN vs. TMVE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bushido Capital US SMID Cap Equity ETF (RNIN) 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, RNIN achieves a 17.39% return, which is significantly higher than TMVE's 15.00% return.

RNIN

• 1D: -1.32%
• 1M: 2.46%
• YTD: 17.39%
• 6M: 17.62%
• 1Y: 31.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TMVE

• 1D: 1.11%
• 1M: 2.42%
• YTD: 15.00%
• 6M: 16.86%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RNIN vs. TMVE - Yearly Performance Comparison

	2026 (YTD)	2025
RNIN Bushido Capital US SMID Cap Equity ETF	17.39%	4.59%
TMVE Thrivent Mid Cap Value ETF	15.00%	6.04%

Correlation

The correlation between RNIN and TMVE is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025	0.67

Return for Risk

RNIN vs. TMVE — Risk / Return Rank

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

RNIN

RNIN Risk / Return Rank: 73
RNIN Sharpe Ratio Rank: 62
RNIN Sortino Ratio Rank: 65
RNIN Omega Ratio Rank: 60
RNIN Calmar Ratio Rank: 89
RNIN Martin Ratio Rank: 88

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.

RNIN vs. TMVE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bushido Capital US SMID Cap Equity ETF (RNIN) 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.

	RNIN	TMVE	Difference
Sharpe ratio Return per unit of total volatility	2.14	—	—
Sortino ratio Return per unit of downside risk	3.09	—	—
Omega ratio Gain probability vs. loss probability	1.37	—	—
Calmar ratio Return relative to maximum drawdown	5.46	—	—
Martin ratio Return relative to average drawdown	19.46	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	RNIN	TMVE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.14	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.89	3.25	-1.36

Drawdowns

RNIN vs. TMVE - Drawdown Comparison

The maximum RNIN drawdown since its inception was -5.70%, smaller than the maximum TMVE drawdown of -8.21%. Use the drawdown chart below to compare losses from any high point for RNIN and TMVE.

Drawdown Indicators

	RNIN	TMVE	Difference
Max Drawdown Largest peak-to-trough decline	-5.70%	-8.21%	+2.51%
Max Drawdown (1Y) Largest decline over 1 year	-5.70%	—	—
Current Drawdown Current decline from peak	-1.32%	0.00%	-1.32%
Average Drawdown Average peak-to-trough decline	-1.24%	-1.55%	+0.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.60%	—	—

Volatility

Volatility by Period

	RNIN	TMVE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.75%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.42%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.81%	13.98%	+0.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.94%	13.98%	+0.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.94%	13.98%	+0.96%

RNIN vs. TMVE - Expense Ratio Comparison

RNIN has a 0.68% expense ratio, which is higher than TMVE's 0.55% expense ratio.

Dividends

RNIN vs. TMVE - Dividend Comparison

RNIN's dividend yield for the trailing twelve months is around 0.75%, more than TMVE's 0.10% yield.

Position	TTM	2025
RNIN Bushido Capital US SMID Cap Equity ETF	0.75%	0.71%
TMVE Thrivent Mid Cap Value ETF	0.10%	0.12%

Frequently Asked Questions

Can I hold both RNIN and TMVE in my portfolio?

RNIN and TMVE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RNIN 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, RNIN or TMVE?

TMVE is cheaper with a 0.55% expense ratio, compared with 0.68% for RNIN.

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

RNIN has the higher dividend yield at 0.75%, compared with 0.10% for TMVE.

What is the main difference between RNIN and TMVE?

They also come from different issuers: Bushido and Thrivent. Their fees differ too: 0.68% for RNIN and 0.55% for TMVE.