TMVE vs. FVD
TMVE (Thrivent Mid Cap Value ETF) and FVD (First Trust Value Line Dividend Index Fund) are both Mid Cap Value Equities funds - TMVE tracks the Actively Managed while FVD tracks the Value Line Dividend Index. Both are passively managed. Their 0.59 correlation means they have sometimes moved together and sometimes differently. TMVE charges 0.55%/yr vs 0.61%/yr for FVD.
Performance
TMVE vs. FVD - 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 FVD's 10.07% return.
TMVE
- 1D
- 0.02%
- 1M
- -0.42%
- 6M
- 12.51%
- YTD
- 17.86%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
FVD
- 1D
- -0.18%
- 1M
- 1.52%
- 6M
- 5.94%
- YTD
- 10.07%
- 1Y
- 14.68%
- 3Y*
- 9.72%
- 5Y*
- 6.75%
- 10Y*
- 8.75%
- ALL TIME*
- 9.74%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $21.15M | $21.63M | $33.04M | |
| $149.11K | $96.01K | $541.62K |
TMVE vs. FVD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TMVE Thrivent Mid Cap Value ETF | 17.86% | 6.04% |
FVD First Trust Value Line Dividend Index Fund | 10.07% | 1.06% |
Correlation
The correlation between TMVE and FVD is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025 | 0.59 |
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Return for Risk
TMVE vs. FVD — Risk / Return Rank
TMVE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FVD
TMVE vs. FVD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thrivent Mid Cap Value ETF (TMVE) and First Trust Value Line Dividend Index Fund (FVD). 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 | FVD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.25 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.99 | — |
| Martin ratioReturn relative to average drawdown | — | 5.07 | — |
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Drawdowns
TMVE vs. FVD - Drawdown Comparison
The maximum TMVE drawdown since its inception was -8.21%, smaller than the maximum FVD drawdown of -51.00%. Use the drawdown chart below to compare losses from any high point for TMVE and FVD.
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Drawdown Indicators
| TMVE | FVD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.21% | -51.00% | +42.79% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.23% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.97% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.41% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.25% | — |
Current DrawdownCurrent decline from peak | -1.29% | -1.72% | +0.43% |
Average DrawdownAverage peak-to-trough decline | -1.36% | -5.42% | +4.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.83% | — |
Volatility
TMVE vs. FVD - Volatility Comparison
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Volatility by Period
| TMVE | FVD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.37% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.01% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.21% | 10.14% | +3.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.21% | 12.84% | +0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.21% | 15.47% | -2.26% |
TMVE vs. FVD - Expense Ratio Comparison
TMVE has a 0.55% expense ratio, which is lower than FVD's 0.61% expense ratio.
Dividends
TMVE vs. FVD - Dividend Comparison
TMVE's dividend yield for the trailing twelve months is around 0.10%, less than FVD's 2.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FVD First Trust Value Line Dividend Index Fund | 2.23% | 2.36% | 2.23% | 2.34% | 2.20% | 1.75% | 2.31% | 2.03% | 2.50% | 2.10% | 2.04% | 2.34% |
TMVE Thrivent Mid Cap Value ETF | 0.10% | 0.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TMVE and FVD have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TMVE is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TMVE is cheaper with a 0.55% expense ratio, compared with 0.61% for FVD.
FVD has the higher dividend yield at 2.23%, compared with 0.10% for TMVE.
TMVE tracks Actively Managed, while FVD tracks Value Line Dividend Index. They also come from different issuers: Thrivent and First Trust. Their fees differ too: 0.55% for TMVE and 0.61% for FVD.
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