TMSIX vs. LVHD

Last updated Aug 1, 2026

TMSIX (Thrivent Mid Cap Stock Fund Class S) and LVHD (Franklin U.S. Low Volatility High Dividend Index ETF) are both funds - TMSIX is a Mid Cap Blend Equities fund managed by Thrivent, while LVHD is a Dividend fund tracking the Franklin U.S. Low Volatility High Dividend Index. Over the past 10 years, TMSIX returned 12.21%/yr vs 8.26%/yr for LVHD. Their 0.63 correlation means they have sometimes moved together and sometimes differently. TMSIX charges 0.74%/yr vs 0.27%/yr for LVHD.

Performance

TMSIX vs. LVHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Thrivent Mid Cap Stock Fund Class S (TMSIX) and Franklin U.S. Low Volatility High Dividend Index ETF (LVHD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TMSIX achieves a 17.94% return, which is significantly higher than LVHD's 13.58% return. Over the past 10 years, TMSIX has outperformed LVHD with an annualized return of 12.21%, while LVHD has yielded a comparatively lower 8.26% annualized return.

TMSIX

• 1D: 0.84%
• 1M: 0.05%
• 6M: 15.58%
• YTD: 17.94%
• 1Y: 23.75%
• 3Y*: 12.02%
• 5Y*: 7.23%
• 10Y*: 12.21%
• ALL TIME*: 9.80%

LVHD

• 1D: -0.11%
• 1M: -0.55%
• 6M: 7.65%
• YTD: 13.58%
• 1Y: 14.84%
• 3Y*: 9.83%
• 5Y*: 7.39%
• 10Y*: 8.26%
• ALL TIME*: 9.16%

*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)
LVHD Franklin U.S. Low Volatility High Dividend Index ETF	$2.24M	$2.50M	$2.89M
TMSIX Thrivent Mid Cap Stock Fund Class S	$0.00	$0.00	$0.00

TMSIX vs. LVHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TMSIX Thrivent Mid Cap Stock Fund Class S	17.94%	4.64%	14.08%	13.90%	-17.68%	28.06%	21.96%	24.88%	-10.47%	18.90%
LVHD Franklin U.S. Low Volatility High Dividend Index ETF	13.58%	7.50%	10.18%	-0.95%	-1.82%	26.90%	-1.28%	22.91%	-5.58%	14.25%

Correlation

The correlation between TMSIX and LVHD is 0.32, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.32
Correlation (3Y) Balances recent behavior with more history.	0.55
Correlation (5Y) Shows whether the relationship held over a longer period.	0.60
Correlation (10Y) Provides a long-term view across more market conditions.	0.63
Correlation (All Time) Calculated using the full available price history since Dec 29, 2015	0.63

Over the past year, the correlation between TMSIX and LVHD has dropped to 0.32 - well below their long-term average of 0.63, suggesting their price drivers have been diverging.

Return for Risk

TMSIX vs. LVHD — Risk / Return Rank

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

TMSIX

TMSIX Risk / Return Rank: 63
TMSIX Sharpe Ratio Rank: 57
TMSIX Sortino Ratio Rank: 58
TMSIX Omega Ratio Rank: 54
TMSIX Calmar Ratio Rank: 72
TMSIX Martin Ratio Rank: 76

LVHD

LVHD Risk / Return Rank: 61
LVHD Sharpe Ratio Rank: 61
LVHD Sortino Ratio Rank: 65
LVHD Omega Ratio Rank: 56
LVHD Calmar Ratio Rank: 70
LVHD Martin Ratio Rank: 51

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.

TMSIX vs. LVHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Thrivent Mid Cap Stock Fund Class S (TMSIX) and Franklin U.S. Low Volatility High Dividend Index ETF (LVHD). 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.

	TMSIX	LVHD	Difference
Sharpe ratio: Return per unit of total volatility	1.42	1.41	0.00
Sortino ratio: Return per unit of downside risk	2.07	2.13	-0.06
Omega ratio: Gain probability vs. loss probability	1.25	1.25	+0.01
Calmar ratio: Return relative to maximum drawdown	2.31	2.41	-0.10
Martin ratio: Return relative to average drawdown	9.17	5.96	+3.21

TMSIX vs. LVHD - Sharpe Ratio Comparison

The current TMSIX Sharpe Ratio is 1.42, which is comparable to the LVHD Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of TMSIX and LVHD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TMSIX vs. LVHD - Drawdown Comparison

The maximum TMSIX drawdown since its inception was -56.10%, which is greater than LVHD's maximum drawdown of -37.32%. Use the drawdown chart below to compare losses from any high point for TMSIX and LVHD.

Drawdown Indicators

	TMSIX	LVHD	Difference
Max Drawdown Largest peak-to-trough decline	-56.10%	-37.32%	-18.78%
Max Drawdown (1Y) Largest decline over 1 year	-8.97%	-6.17%	-2.80%
Max Drawdown (3Y) Largest decline over 3 years	-20.18%	-11.87%	-8.31%
Max Drawdown (5Y) Largest decline over 5 years	-31.57%	-16.75%	-14.82%
Max Drawdown (10Y) Largest decline over 10 years	-40.66%	-37.32%	-3.34%
Current Drawdown Current decline from peak	-0.60%	-2.12%	+1.52%
Average Drawdown Average peak-to-trough decline	-9.95%	-4.00%	-5.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.30%	2.49%	-0.19%

Volatility

TMSIX vs. LVHD - Volatility Comparison

The current volatility for Thrivent Mid Cap Stock Fund Class S (TMSIX) is 2.75%, while Franklin U.S. Low Volatility High Dividend Index ETF (LVHD) has a volatility of 4.75%. This indicates that TMSIX experiences smaller price fluctuations and is considered to be less risky than LVHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TMSIX	LVHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.75%	4.75%	-2.00%
Volatility (6M) Calculated over the trailing 6-month period	11.31%	8.37%	+2.94%
Volatility (1Y) Calculated over the trailing 1-year period	14.66%	10.54%	+4.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.40%	13.05%	+7.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.38%	15.57%	+4.81%

TMSIX vs. LVHD - Expense Ratio Comparison

TMSIX has a 0.74% expense ratio, which is higher than LVHD's 0.27% expense ratio.

Dividends

TMSIX vs. LVHD - Dividend Comparison

TMSIX's dividend yield for the trailing twelve months is around 10.51%, more than LVHD's 3.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LVHD Franklin U.S. Low Volatility High Dividend Index ETF	3.20%	3.35%	4.23%	3.55%	3.30%	2.56%	3.27%	3.30%	3.82%	3.33%	2.48%	0.00%
TMSIX Thrivent Mid Cap Stock Fund Class S	10.51%	12.39%	7.91%	1.48%	2.86%	10.77%	3.26%	2.77%	11.64%	7.92%	4.10%	11.95%

Frequently Asked Questions

Can I hold both TMSIX and LVHD in my portfolio?

TMSIX and LVHD have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TMSIX or LVHD?

LVHD has higher volatility (4.75%) compared to TMSIX (2.75%). In terms of maximum drawdown, TMSIX dropped -56.10% vs LVHD's -37.32%.

Which has better risk-adjusted returns?

TMSIX currently has the higher Sharpe Ratio (1.42 vs 1.41), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.