TMVE vs. CSHP
TMVE (Thrivent Mid Cap Value ETF) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - TMVE is a Mid Cap Value Equities fund tracking the Actively Managed, while CSHP is a Ultrashort Bond fund actively managed by iShares. TMVE is passively managed, while CSHP is actively managed. Their -0.08 correlation means they have often moved in opposite directions in the past. TMVE charges 0.55%/yr vs 0.20%/yr for CSHP.
Performance
TMVE vs. CSHP - Performance Comparison
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Returns By Period
In the year-to-date period, TMVE achieves a 17.86% return, which is significantly higher than CSHP's 2.38% return.
TMVE
- 1D
- 0.02%
- 1M
- -0.42%
- 6M
- 12.51%
- YTD
- 17.86%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
CSHP
- 1D
- -0.27%
- 1M
- 0.35%
- 6M
- 2.06%
- YTD
- 2.38%
- 1Y
- 4.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.31%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $14.53M | $7.29M | $2.60M | |
| $149.11K | $96.01K | $541.62K |
TMVE vs. CSHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TMVE Thrivent Mid Cap Value ETF | 17.86% | 6.04% |
CSHP iShares Enhanced Short-Term Bond Active ETF | 2.38% | 0.48% |
Correlation
The correlation between TMVE and CSHP is -0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025 | -0.08 |
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Return for Risk
TMVE vs. CSHP — Risk / Return Rank
TMVE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CSHP
TMVE vs. CSHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thrivent Mid Cap Value ETF (TMVE) and iShares Enhanced Short-Term Bond Active ETF (CSHP). 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.
| TMVE | CSHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 2.68 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 10.40 | — |
| Martin ratioReturn relative to average drawdown | — | 65.72 | — |
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Drawdowns
TMVE vs. CSHP - Drawdown Comparison
The maximum TMVE drawdown since its inception was -8.21%, which is greater than CSHP's maximum drawdown of -0.39%. Use the drawdown chart below to compare losses from any high point for TMVE and CSHP.
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Drawdown Indicators
| TMVE | CSHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.21% | -0.39% | -7.82% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.39% | — |
Current DrawdownCurrent decline from peak | -1.29% | -0.27% | -1.02% |
Average DrawdownAverage peak-to-trough decline | -1.36% | -0.01% | -1.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.06% | — |
Volatility
TMVE vs. CSHP - Volatility Comparison
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Volatility by Period
| TMVE | CSHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.10% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.12% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.21% | 1.14% | +12.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.21% | 0.86% | +12.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.21% | 0.86% | +12.35% |
TMVE vs. CSHP - Expense Ratio Comparison
TMVE has a 0.55% expense ratio, which is higher than CSHP's 0.20% expense ratio.
Dividends
TMVE vs. CSHP - Dividend Comparison
TMVE's dividend yield for the trailing twelve months is around 0.10%, less than CSHP's 4.00% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CSHP iShares Enhanced Short-Term Bond Active ETF | 3.89% | 5.39% | 1.96% |
TMVE Thrivent Mid Cap Value ETF | 0.10% | 0.12% | 0.00% |
Frequently Asked Questions
TMVE and CSHP have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CSHP is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSHP is cheaper with a 0.20% expense ratio, compared with 0.55% for TMVE.
CSHP has the higher dividend yield at 3.89%, compared with 0.10% for TMVE.
TMVE is categorized as Mid Cap Value Equities, while CSHP is Ultrashort Bond. They also come from different issuers: Thrivent and iShares. Their fees differ too: 0.55% for TMVE and 0.20% for CSHP.
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