TMVE vs. IMCV
TMVE (Thrivent Mid Cap Value ETF) and IMCV (iShares Morningstar Mid-Cap ETF) are both Mid Cap Value Equities funds - TMVE tracks the Actively Managed while IMCV tracks the Morningstar US Mid Cap Broad Value Index. Both are passively managed. Their correlation of 0.83 means they have usually moved in the same direction. TMVE charges 0.55%/yr vs 0.06%/yr for IMCV.
Performance
TMVE vs. IMCV - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with TMVE having a 17.86% return and IMCV slightly lower at 17.00%.
TMVE
- 1D
- 0.02%
- 1M
- -0.42%
- 6M
- 12.51%
- YTD
- 17.86%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
IMCV
- 1D
- -0.19%
- 1M
- 2.38%
- 6M
- 13.07%
- YTD
- 17.00%
- 1Y
- 27.75%
- 3Y*
- 15.77%
- 5Y*
- 10.87%
- 10Y*
- 10.97%
- ALL TIME*
- 9.92%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.44M | $2.33M | $2.03M | |
| $149.11K | $96.01K | $541.62K |
TMVE vs. IMCV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TMVE Thrivent Mid Cap Value ETF | 17.86% | 6.04% |
IMCV iShares Morningstar Mid-Cap ETF | 17.00% | 3.57% |
Correlation
The correlation between TMVE and IMCV is 0.83, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025 | 0.83 |
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Return for Risk
TMVE vs. IMCV — Risk / Return Rank
TMVE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IMCV
TMVE vs. IMCV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thrivent Mid Cap Value ETF (TMVE) and iShares Morningstar Mid-Cap ETF (IMCV). 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 | IMCV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.40 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.84 | — |
| Martin ratioReturn relative to average drawdown | — | 14.72 | — |
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Drawdowns
TMVE vs. IMCV - Drawdown Comparison
The maximum TMVE drawdown since its inception was -8.21%, smaller than the maximum IMCV drawdown of -64.74%. Use the drawdown chart below to compare losses from any high point for TMVE and IMCV.
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Drawdown Indicators
| TMVE | IMCV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.21% | -64.74% | +56.53% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.90% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.63% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.87% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.33% | — |
Current DrawdownCurrent decline from peak | -1.29% | -1.21% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -1.36% | -8.36% | +7.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.80% | — |
Volatility
TMVE vs. IMCV - Volatility Comparison
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Volatility by Period
| TMVE | IMCV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.23% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.15% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.21% | 11.59% | +1.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.21% | 16.52% | -3.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.21% | 19.55% | -6.34% |
TMVE vs. IMCV - Expense Ratio Comparison
TMVE has a 0.55% expense ratio, which is higher than IMCV's 0.06% expense ratio.
Dividends
TMVE vs. IMCV - Dividend Comparison
TMVE's dividend yield for the trailing twelve months is around 0.10%, less than IMCV's 1.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMCV iShares Morningstar Mid-Cap ETF | 1.81% | 2.23% | 2.36% | 2.30% | 2.36% | 1.86% | 2.61% | 2.45% | 2.61% | 1.87% | 2.09% | 2.29% |
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 IMCV have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IMCV is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IMCV is cheaper with a 0.06% expense ratio, compared with 0.55% for TMVE.
IMCV has the higher dividend yield at 1.81%, compared with 0.10% for TMVE.
TMVE tracks Actively Managed, while IMCV tracks Morningstar US Mid Cap Broad Value Index. They also come from different issuers: Thrivent and iShares. Their fees differ too: 0.55% for TMVE and 0.06% for IMCV.
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