SMIG vs. TSCV

Last updated Jun 4, 2026

SMIG (Bahl & Gaynor Small/Mid Cap Income Growth ETF) and TSCV (Thrivent Small Cap Value ETF) are both Small Cap Value Equities funds. Both are actively managed. Their correlation of 0.82 suggests significant overlap in exposure. Both charge a 0.60% expense ratio.

Performance

SMIG vs. TSCV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG) and Thrivent Small Cap Value ETF (TSCV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SMIG achieves a 10.18% return, which is significantly lower than TSCV's 15.89% return.

SMIG

• 1D: -0.28%
• 1M: 1.31%
• YTD: 10.18%
• 6M: 11.46%
• 1Y: 11.81%
• 3Y*: 13.09%
• 5Y*: —
• 10Y*: —

TSCV

• 1D: -0.29%
• 1M: 1.16%
• YTD: 15.89%
• 6M: 14.99%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SMIG vs. TSCV - Yearly Performance Comparison

	2026 (YTD)	2025
SMIG Bahl & Gaynor Small/Mid Cap Income Growth ETF	10.18%	3.65%
TSCV Thrivent Small Cap Value ETF	15.89%	6.24%

Correlation

The correlation between SMIG and TSCV is 0.82, 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 18, 2025	0.82

Return for Risk

SMIG vs. TSCV — Risk / Return Rank

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

SMIG

SMIG Risk / Return Rank: 27
SMIG Sharpe Ratio Rank: 27
SMIG Sortino Ratio Rank: 28
SMIG Omega Ratio Rank: 26
SMIG Calmar Ratio Rank: 29
SMIG Martin Ratio Rank: 27

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.

SMIG vs. TSCV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG) and Thrivent Small Cap Value ETF (TSCV). 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.

	SMIG	TSCV	Difference
Sharpe ratio: Return per unit of total volatility	0.99	—	—
Sortino ratio: Return per unit of downside risk	1.53	—	—
Omega ratio: Gain probability vs. loss probability	1.18	—	—
Calmar ratio: Return relative to maximum drawdown	1.39	—	—
Martin ratio: Return relative to average drawdown	3.62	—	—
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

	SMIG	TSCV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.99	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	2.84	-2.40

Drawdowns

SMIG vs. TSCV - Drawdown Comparison

The maximum SMIG drawdown since its inception was -19.65%, which is greater than TSCV's maximum drawdown of -10.17%. Use the drawdown chart below to compare losses from any high point for SMIG and TSCV.

Drawdown Indicators

	SMIG	TSCV	Difference
Max Drawdown Largest peak-to-trough decline	-19.65%	-10.17%	-9.48%
Max Drawdown (1Y) Largest decline over 1 year	-8.52%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-19.23%	—	—
Current Drawdown Current decline from peak	-1.79%	-0.70%	-1.09%
Average Drawdown Average peak-to-trough decline	-6.55%	-2.11%	-4.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.27%	—	—

Volatility

Volatility by Period

	SMIG	TSCV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.65%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.43%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.98%	16.80%	-4.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.20%	16.80%	-0.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.20%	16.80%	-0.60%

SMIG vs. TSCV - Expense Ratio Comparison

Both SMIG and TSCV have an expense ratio of 0.60%.

Dividends

SMIG vs. TSCV - Dividend Comparison

SMIG's dividend yield for the trailing twelve months is around 1.75%, more than TSCV's 0.24% yield.

Position	TTM	2025	2024	2023	2022	2021
SMIG Bahl & Gaynor Small/Mid Cap Income Growth ETF	1.75%	1.82%	1.75%	1.91%	2.00%	0.50%
TSCV Thrivent Small Cap Value ETF	0.24%	0.28%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SMIG and TSCV in my portfolio?

SMIG and TSCV have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SMIG or TSCV?

Both ETFs have the same 0.60% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SMIG or TSCV?

SMIG and TSCV have the same expense ratio: 0.60% per year.

Which ETF pays a higher dividend yield, SMIG or TSCV?

SMIG has the higher dividend yield at 1.75%, compared with 0.24% for TSCV.

What is the main difference between SMIG and TSCV?

They also come from different issuers: Bahl & Gaynor and Thrivent.