TCPB vs. TSCV

Last updated Jun 23, 2026

TCPB (Thrivent Core Plus Bond ETF) and TSCV (Thrivent Small Cap Value ETF) are both exchange-traded funds - TCPB is a Intermediate Core-Plus Bond fund actively managed by Thrivent, while TSCV is a Small Cap Value Equities fund actively managed by Thrivent. Both are actively managed. At a 0.49 correlation, their price movements are largely independent. TCPB charges 0.39%/yr vs 0.60%/yr for TSCV.

Performance

TCPB vs. TSCV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Thrivent Core Plus Bond ETF (TCPB) 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, TCPB achieves a 0.63% return, which is significantly lower than TSCV's 21.01% return.

TCPB

• 1D: -0.21%
• 1M: 0.68%
• YTD: 0.63%
• 6M: 0.78%
• 1Y: 5.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSCV

• 1D: 0.04%
• 1M: 5.29%
• YTD: 21.01%
• 6M: 19.00%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TCPB vs. TSCV - Yearly Performance Comparison

	2026 (YTD)	2025
TCPB Thrivent Core Plus Bond ETF	0.63%	0.74%
TSCV Thrivent Small Cap Value ETF	21.01%	6.24%

Correlation

The correlation between TCPB and TSCV is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025	0.49

Return for Risk

TCPB vs. TSCV — Risk / Return Rank

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

TCPB

TCPB Risk / Return Rank: 39
TCPB Sharpe Ratio Rank: 38
TCPB Sortino Ratio Rank: 39
TCPB Omega Ratio Rank: 37
TCPB Calmar Ratio Rank: 40
TCPB Martin Ratio Rank: 38

TSCV

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.

TCPB vs. TSCV - Risk-Adjusted Trends Comparison

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

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	TSCV	Difference
Sharpe ratio: Return per unit of total volatility	1.31	—	—
Sortino ratio: Return per unit of downside risk	1.96	—	—
Omega ratio: Gain probability vs. loss probability	1.24	—	—
Calmar ratio: Return relative to maximum drawdown	1.95	—	—
Martin ratio: Return relative to average drawdown	5.65	—	—

Drawdowns

TCPB vs. TSCV - Drawdown Comparison

The maximum TCPB drawdown since its inception was -2.74%, smaller than the maximum TSCV drawdown of -10.17%. Use the drawdown chart below to compare losses from any high point for TCPB and TSCV.

Drawdown Indicators

	TCPB	TSCV	Difference
Max Drawdown Largest peak-to-trough decline	-2.74%	-10.17%	+7.43%
Max Drawdown (1Y) Largest decline over 1 year	-2.74%	—	—
Current Drawdown Current decline from peak	-1.14%	0.00%	-1.14%
Average Drawdown Average peak-to-trough decline	-0.81%	-1.95%	+1.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.94%	—	—

Volatility

Volatility by Period

	TCPB	TSCV	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.10%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.77%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.08%	16.73%	-12.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.44%	16.73%	-12.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.44%	16.73%	-12.29%

TCPB vs. TSCV - Expense Ratio Comparison

TCPB has a 0.39% expense ratio, which is lower than TSCV's 0.60% expense ratio.

Dividends

TCPB vs. TSCV - Dividend Comparison

TCPB's dividend yield for the trailing twelve months is around 4.77%, more than TSCV's 0.23% yield.

Position	TTM	2025
TCPB Thrivent Core Plus Bond ETF	4.77%	3.85%
TSCV Thrivent Small Cap Value ETF	0.23%	0.28%

Frequently Asked Questions

Can I hold both TCPB and TSCV in my portfolio?

TCPB and TSCV have a correlation of 0.49, 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 TSCV?

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 TSCV?

TCPB is cheaper with a 0.39% expense ratio, compared with 0.60% for TSCV.

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

TCPB has the higher dividend yield at 4.77%, compared with 0.23% for TSCV.

What is the main difference between TCPB and TSCV?

TCPB is categorized as Intermediate Core-Plus Bond, while TSCV is Small Cap Value Equities. Their fees differ too: 0.39% for TCPB and 0.60% for TSCV.