TCPB vs. TMVE

Last updated Aug 2, 2026

TCPB (Thrivent Core Plus Bond ETF) and TMVE (Thrivent Mid Cap Value ETF) are both exchange-traded funds - TCPB is a Intermediate Core-Plus Bond fund actively managed by Thrivent, while TMVE is a Mid Cap Value Equities fund tracking the Actively Managed. TCPB is actively managed, while TMVE is passively managed. Their 0.48 correlation means their historical movements had little consistent relationship. TCPB charges 0.39%/yr vs 0.55%/yr for TMVE.

Performance

TCPB vs. TMVE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Thrivent Core Plus Bond ETF (TCPB) 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, TCPB achieves a -0.33% return, which is significantly lower than TMVE's 17.86% return.

TCPB

• 1D: -0.22%
• 1M: -1.18%
• 6M: -0.64%
• YTD: -0.33%
• 1Y: 2.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.17%

TMVE

• 1D: 0.02%
• 1M: -0.42%
• 6M: 12.51%
• YTD: 17.86%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
TCPB Thrivent Core Plus Bond ETF	$1.03M	$1.25M	$1.56M
TMVE Thrivent Mid Cap Value ETF	$149.11K	$96.01K	$541.62K

TCPB vs. TMVE - Yearly Performance Comparison

	2026 (YTD)	2025
TCPB Thrivent Core Plus Bond ETF	-0.33%	0.74%
TMVE Thrivent Mid Cap Value ETF	17.86%	6.04%

Correlation

The correlation between TCPB and TMVE is 0.48, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025	0.48

Return for Risk

TCPB vs. TMVE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TCPB

TCPB Risk / Return Rank: 34
TCPB Sharpe Ratio Rank: 35
TCPB Sortino Ratio Rank: 34
TCPB Omega Ratio Rank: 32
TCPB Calmar Ratio Rank: 36
TCPB Martin Ratio Rank: 34

TMVE

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TCPB vs. TMVE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Thrivent Core Plus Bond ETF (TCPB) 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.

	TCPB	TMVE	Difference
Sharpe ratio: Return per unit of total volatility	0.86	—	—
Sortino ratio: Return per unit of downside risk	1.29	—	—
Omega ratio: Gain probability vs. loss probability	1.15	—	—
Calmar ratio: Return relative to maximum drawdown	1.25	—	—
Martin ratio: Return relative to average drawdown	3.29	—	—

Drawdowns

TCPB vs. TMVE - Drawdown Comparison

The maximum TCPB drawdown since its inception was -2.74%, smaller than the maximum TMVE drawdown of -8.21%. Use the drawdown chart below to compare losses from any high point for TCPB and TMVE.

Drawdown Indicators

	TCPB	TMVE	Difference
Max Drawdown Largest peak-to-trough decline	-2.74%	-8.21%	+5.47%
Max Drawdown (1Y) Largest decline over 1 year	-2.74%	—	—
Current Drawdown Current decline from peak	-2.08%	-1.29%	-0.79%
Average Drawdown Average peak-to-trough decline	-0.84%	-1.36%	+0.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.03%	—	—

Volatility

Volatility by Period

	TCPB	TMVE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.92%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.90%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.04%	13.21%	-9.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.37%	13.21%	-8.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.37%	13.21%	-8.84%

TCPB vs. TMVE - Expense Ratio Comparison

TCPB has a 0.39% expense ratio, which is lower than TMVE's 0.55% expense ratio.

Dividends

TCPB vs. TMVE - Dividend Comparison

TCPB's dividend yield for the trailing twelve months is around 4.85%, more than TMVE's 0.10% yield.

Position	TTM	2025
TCPB Thrivent Core Plus Bond ETF	4.85%	3.85%
TMVE Thrivent Mid Cap Value ETF	0.10%	0.12%

Frequently Asked Questions

Can I hold both TCPB and TMVE in my portfolio?

TCPB and TMVE have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TCPB or TMVE?

On fees, TCPB is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TCPB or TMVE?

TCPB is cheaper with a 0.39% expense ratio, compared with 0.55% for TMVE.

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

TCPB has the higher dividend yield at 4.85%, compared with 0.10% for TMVE.

What is the main difference between TCPB and TMVE?

TCPB is categorized as Intermediate Core-Plus Bond, while TMVE is Mid Cap Value Equities. Their fees differ too: 0.39% for TCPB and 0.55% for TMVE.