TMDV vs. TMVE

Last updated Jun 25, 2026

TMDV (ProShares Russell U.S. Dividend Growers ETF) and TMVE (Thrivent Mid Cap Value ETF) are both Mid Cap Value Equities funds - TMDV tracks the Russell 3000 Dividend Elite Index while TMVE tracks the Actively Managed. Both are passively managed. A 0.70 correlation means they provide meaningful diversification when combined. TMDV charges 0.35%/yr vs 0.55%/yr for TMVE.

Performance

TMDV vs. TMVE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Russell U.S. Dividend Growers ETF (TMDV) 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, TMDV achieves a 9.14% return, which is significantly lower than TMVE's 17.39% return.

TMDV

• 1D: 0.66%
• 1M: 3.29%
• YTD: 9.14%
• 6M: 8.08%
• 1Y: 11.29%
• 3Y*: 6.48%
• 5Y*: 3.80%
• 10Y*: —

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)

TMDV vs. TMVE - Yearly Performance Comparison

	2026 (YTD)	2025
TMDV ProShares Russell U.S. Dividend Growers ETF	9.14%	1.64%
TMVE Thrivent Mid Cap Value ETF	17.39%	6.04%

Correlation

The correlation between TMDV and TMVE is 0.70, 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	0.70

Return for Risk

TMDV vs. TMVE — Risk / Return Rank

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

TMDV

TMDV Risk / Return Rank: 26
TMDV Sharpe Ratio Rank: 28
TMDV Sortino Ratio Rank: 29
TMDV Omega Ratio Rank: 25
TMDV Calmar Ratio Rank: 26
TMDV Martin Ratio Rank: 24

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.

TMDV vs. TMVE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Russell U.S. Dividend Growers ETF (TMDV) 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.

	TMDV	TMVE	Difference
Sharpe ratio: Return per unit of total volatility	0.94	—	—
Sortino ratio: Return per unit of downside risk	1.46	—	—
Omega ratio: Gain probability vs. loss probability	1.16	—	—
Calmar ratio: Return relative to maximum drawdown	1.15	—	—
Martin ratio: Return relative to average drawdown	2.78	—	—

Drawdowns

TMDV vs. TMVE - Drawdown Comparison

The maximum TMDV drawdown since its inception was -33.42%, which is greater than TMVE's maximum drawdown of -8.21%. Use the drawdown chart below to compare losses from any high point for TMDV and TMVE.

Drawdown Indicators

	TMDV	TMVE	Difference
Max Drawdown Largest peak-to-trough decline	-33.42%	-8.21%	-25.21%
Max Drawdown (1Y) Largest decline over 1 year	-9.82%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-16.02%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.11%	—	—
Current Drawdown Current decline from peak	-2.44%	-0.69%	-1.75%
Average Drawdown Average peak-to-trough decline	-5.41%	-1.43%	-3.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.07%	—	—

Volatility

Volatility by Period

	TMDV	TMVE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.27%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.61%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.13%	13.81%	-1.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.42%	13.81%	+0.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.60%	13.81%	+4.79%

TMDV vs. TMVE - Expense Ratio Comparison

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

Dividends

TMDV vs. TMVE - Dividend Comparison

TMDV's dividend yield for the trailing twelve months is around 2.51%, more than TMVE's 0.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
TMDV ProShares Russell U.S. Dividend Growers ETF	2.51%	2.65%	2.70%	2.45%	2.46%	2.14%	2.28%	0.16%
TMVE Thrivent Mid Cap Value ETF	0.10%	0.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TMDV and TMVE in my portfolio?

TMDV and TMVE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TMDV or TMVE?

On fees, TMDV 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, TMDV or TMVE?

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

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

TMDV has the higher dividend yield at 2.51%, compared with 0.10% for TMVE.

What is the main difference between TMDV and TMVE?

TMDV tracks Russell 3000 Dividend Elite Index, while TMVE tracks Actively Managed. They also come from different issuers: ProShares and Thrivent. Their fees differ too: 0.35% for TMDV and 0.55% for TMVE.