SDY vs. TMVE

Last updated Jun 24, 2026

SDY (SPDR S&P Dividend ETF) and TMVE (Thrivent Mid Cap Value ETF) are both Mid Cap Value Equities funds - SDY tracks the S&P High Yield Dividend Aristocrats Index while TMVE tracks the Actively Managed. Both are passively managed. A 0.74 correlation means they provide meaningful diversification when combined. SDY charges 0.35%/yr vs 0.55%/yr for TMVE.

Performance

SDY vs. TMVE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Dividend ETF (SDY) 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, SDY achieves a 9.15% return, which is significantly lower than TMVE's 17.39% return.

SDY

• 1D: 0.46%
• 1M: 0.67%
• YTD: 9.15%
• 6M: 8.72%
• 1Y: 14.49%
• 3Y*: 10.83%
• 5Y*: 6.94%
• 10Y*: 9.56%

TMVE

• 1D: -0.32%
• 1M: 3.25%
• YTD: 17.39%
• 6M: 16.23%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SDY vs. TMVE - Yearly Performance Comparison

	2026 (YTD)	2025
SDY SPDR S&P Dividend ETF	9.15%	1.42%
TMVE Thrivent Mid Cap Value ETF	17.39%	6.04%

Correlation

The correlation between SDY and TMVE is 0.74, 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 17, 2025	0.74

Return for Risk

SDY vs. TMVE — Risk / Return Rank

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

SDY

SDY Risk / Return Rank: 39
SDY Sharpe Ratio Rank: 41
SDY Sortino Ratio Rank: 44
SDY Omega Ratio Rank: 38
SDY Calmar Ratio Rank: 39
SDY Martin Ratio Rank: 35

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.

SDY vs. TMVE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Dividend ETF (SDY) 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.

	SDY	TMVE	Difference
Sharpe ratio: Return per unit of total volatility	1.40	—	—
Sortino ratio: Return per unit of downside risk	2.13	—	—
Omega ratio: Gain probability vs. loss probability	1.24	—	—
Calmar ratio: Return relative to maximum drawdown	1.90	—	—
Martin ratio: Return relative to average drawdown	5.10	—	—

Drawdowns

SDY vs. TMVE - Drawdown Comparison

The maximum SDY drawdown since its inception was -54.75%, which is greater than TMVE's maximum drawdown of -8.21%. Use the drawdown chart below to compare losses from any high point for SDY and TMVE.

Drawdown Indicators

	SDY	TMVE	Difference
Max Drawdown Largest peak-to-trough decline	-54.75%	-8.21%	-46.54%
Max Drawdown (1Y) Largest decline over 1 year	-7.67%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.39%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-15.21%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-36.70%	—	—
Current Drawdown Current decline from peak	-2.59%	-0.69%	-1.90%
Average Drawdown Average peak-to-trough decline	-6.20%	-1.43%	-4.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.85%	—	—

Volatility

Volatility by Period

	SDY	TMVE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.08%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.55%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.45%	13.81%	-3.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.99%	13.81%	+0.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.08%	13.81%	+3.27%

SDY vs. TMVE - Expense Ratio Comparison

SDY has a 0.35% expense ratio, which is lower than TMVE's 0.55% expense ratio.

Dividends

SDY vs. TMVE - Dividend Comparison

SDY's dividend yield for the trailing twelve months is around 2.49%, more than TMVE's 0.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SDY SPDR S&P Dividend ETF	2.49%	2.61%	2.56%	2.64%	2.55%	2.63%	2.85%	2.45%	2.73%	4.69%	3.30%	6.20%
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

Can I hold both SDY and TMVE in my portfolio?

SDY and TMVE have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SDY or TMVE?

On fees, SDY is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SDY or TMVE?

SDY is cheaper with a 0.35% expense ratio, compared with 0.55% for TMVE.

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

SDY has the higher dividend yield at 2.49%, compared with 0.10% for TMVE.

What is the main difference between SDY and TMVE?

SDY tracks S&P High Yield Dividend Aristocrats Index, while TMVE tracks Actively Managed. They also come from different issuers: State Street and Thrivent. Their fees differ too: 0.35% for SDY and 0.55% for TMVE.