TMVE vs. AVMV

Last updated Jun 4, 2026

TMVE (Thrivent Mid Cap Value ETF) and AVMV (Avantis U.S. Mid Cap Value ETF) are both Mid Cap Value Equities funds. TMVE is passively managed, while AVMV is actively managed. Their correlation of 0.92 suggests significant overlap in exposure. TMVE charges 0.55%/yr vs 0.20%/yr for AVMV.

Performance

TMVE vs. AVMV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Thrivent Mid Cap Value ETF (TMVE) and Avantis U.S. Mid Cap Value ETF (AVMV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TMVE achieves a 14.73% return, which is significantly higher than AVMV's 12.62% return.

TMVE

• 1D: -0.23%
• 1M: 2.73%
• YTD: 14.73%
• 6M: 15.49%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AVMV

• 1D: 0.77%
• 1M: 1.60%
• YTD: 12.62%
• 6M: 13.21%
• 1Y: 27.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TMVE vs. AVMV - Yearly Performance Comparison

	2026 (YTD)	2025
TMVE Thrivent Mid Cap Value ETF	14.73%	6.04%
AVMV Avantis U.S. Mid Cap Value ETF	12.62%	7.05%

Correlation

The correlation between TMVE and AVMV is 0.92, 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	0.92

Return for Risk

TMVE vs. AVMV — Risk / Return Rank

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

AVMV

AVMV Risk / Return Rank: 63
AVMV Sharpe Ratio Rank: 59
AVMV Sortino Ratio Rank: 62
AVMV Omega Ratio Rank: 57
AVMV Calmar Ratio Rank: 72
AVMV Martin Ratio Rank: 65

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.

TMVE vs. AVMV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Thrivent Mid Cap Value ETF (TMVE) and Avantis U.S. Mid Cap Value ETF (AVMV). 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.

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

Sharpe Ratios by Period

	TMVE	AVMV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.96	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.18	1.29	+1.89

Drawdowns

TMVE vs. AVMV - Drawdown Comparison

The maximum TMVE drawdown since its inception was -8.21%, smaller than the maximum AVMV drawdown of -24.24%. Use the drawdown chart below to compare losses from any high point for TMVE and AVMV.

Drawdown Indicators

	TMVE	AVMV	Difference
Max Drawdown Largest peak-to-trough decline	-8.21%	-24.24%	+16.03%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.63%	—
Current Drawdown Current decline from peak	-0.23%	0.00%	-0.23%
Average Drawdown Average peak-to-trough decline	-1.54%	-3.89%	+2.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.31%	—

Volatility

Volatility by Period

	TMVE	AVMV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.04%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.49%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.94%	13.84%	+0.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.94%	17.96%	-4.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.94%	17.96%	-4.02%

TMVE vs. AVMV - Expense Ratio Comparison

TMVE has a 0.55% expense ratio, which is higher than AVMV's 0.20% expense ratio.

Dividends

TMVE vs. AVMV - Dividend Comparison

TMVE's dividend yield for the trailing twelve months is around 0.10%, less than AVMV's 1.01% yield.

Position	TTM	2025	2024	2023
AVMV Avantis U.S. Mid Cap Value ETF	1.01%	1.20%	1.30%	0.25%
TMVE Thrivent Mid Cap Value ETF	0.10%	0.12%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TMVE and AVMV in my portfolio?

With a correlation of 0.92, TMVE and AVMV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, TMVE or AVMV?

On fees, AVMV is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TMVE or AVMV?

AVMV is cheaper with a 0.20% expense ratio, compared with 0.55% for TMVE.

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

AVMV has the higher dividend yield at 1.01%, compared with 0.10% for TMVE.

What is the main difference between TMVE and AVMV?

They also come from different issuers: Thrivent and Avantis. Their fees differ too: 0.55% for TMVE and 0.20% for AVMV.