TMVE vs. CVAR
Compare and contrast key facts about Thrivent Mid Cap Value ETF (TMVE) and Cultivar ETF (CVAR).
TMVE and CVAR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TMVE is a passively managed fund by Thrivent that tracks the performance of the Actively Managed. It was launched on Feb 28, 2020. CVAR is an actively managed fund by Cultivar. It was launched on Dec 22, 2021.
Performance
TMVE vs. CVAR - Performance Comparison
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Returns By Period
In the year-to-date period, TMVE achieves a 4.35% return, which is significantly higher than CVAR's -0.26% return.
TMVE
- 1D
- -0.15%
- 1M
- -2.40%
- YTD
- 4.35%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CVAR
- 1D
- 0.47%
- 1M
- -4.25%
- YTD
- -0.26%
- 6M
- 0.76%
- 1Y
- 19.23%
- 3Y*
- 7.29%
- 5Y*
- —
- 10Y*
- —
TMVE vs. CVAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TMVE Thrivent Mid Cap Value ETF | 4.35% | 6.04% |
CVAR Cultivar ETF | -0.26% | 5.18% |
Correlation
The correlation between TMVE and CVAR is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined. Holding both can reduce overall portfolio volatility compared to holding either one alone.
TMVE vs. CVAR - Expense Ratio Comparison
TMVE has a 0.55% expense ratio, which is lower than CVAR's 0.87% expense ratio.
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Return for Risk
TMVE vs. CVAR — Risk / Return Rank
TMVE
CVAR
TMVE vs. CVAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thrivent Mid Cap Value ETF (TMVE) and Cultivar ETF (CVAR). 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.
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Sharpe Ratios by Period
| TMVE | CVAR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.73 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.14 | 0.36 | +1.78 |
Drawdowns
TMVE vs. CVAR - Drawdown Comparison
The maximum TMVE drawdown since its inception was -8.21%, smaller than the maximum CVAR drawdown of -19.39%. Use the drawdown chart below to compare losses from any high point for TMVE and CVAR.
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Drawdown Indicators
| TMVE | CVAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.21% | -19.39% | +11.18% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.45% | — |
Current DrawdownCurrent decline from peak | -5.38% | -7.04% | +1.66% |
Average DrawdownAverage peak-to-trough decline | -1.79% | -5.50% | +3.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.04% | — |
Volatility
TMVE vs. CVAR - Volatility Comparison
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Volatility by Period
| TMVE | CVAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.63% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.81% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.80% | 14.80% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.80% | 15.69% | -0.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.80% | 15.69% | -0.89% |
Dividends
TMVE vs. CVAR - Dividend Comparison
TMVE's dividend yield for the trailing twelve months is around 0.11%, less than CVAR's 1.53% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TMVE Thrivent Mid Cap Value ETF | 0.11% | 0.12% | 0.00% | 0.00% | 0.00% |
CVAR Cultivar ETF | 1.53% | 1.53% | 3.57% | 1.41% | 5.52% |