TMVE vs. IWS
TMVE (Thrivent Mid Cap Value ETF) and IWS (iShares Russell Mid-Cap Value ETF) are both Mid Cap Value Equities funds - TMVE tracks the Actively Managed while IWS tracks the Russell Midcap Value Index. Both are passively managed. Their correlation of 0.94 suggests significant overlap in exposure. TMVE charges 0.55%/yr vs 0.23%/yr for IWS.
Performance
TMVE vs. IWS - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with TMVE having a 17.76% return and IWS slightly lower at 17.05%.
TMVE
- 1D
- 0.28%
- 1M
- 3.58%
- YTD
- 17.76%
- 6M
- 16.46%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWS
- 1D
- 0.69%
- 1M
- 3.76%
- YTD
- 17.05%
- 6M
- 15.46%
- 1Y
- 29.21%
- 3Y*
- 17.66%
- 5Y*
- 9.34%
- 10Y*
- 10.68%
TMVE vs. IWS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TMVE Thrivent Mid Cap Value ETF | 17.76% | 6.04% |
IWS iShares Russell Mid-Cap Value ETF | 17.05% | 2.79% |
Correlation
The correlation between TMVE and IWS is 0.94, 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 17, 2025 | 0.94 |
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Return for Risk
TMVE vs. IWS — Risk / Return Rank
TMVE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IWS
TMVE vs. IWS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thrivent Mid Cap Value ETF (TMVE) and iShares Russell Mid-Cap Value ETF (IWS). 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 | IWS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.38 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.90 | — |
| Martin ratioReturn relative to average drawdown | — | 14.62 | — |
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Drawdowns
TMVE vs. IWS - Drawdown Comparison
The maximum TMVE drawdown since its inception was -8.21%, smaller than the maximum IWS drawdown of -62.40%. Use the drawdown chart below to compare losses from any high point for TMVE and IWS.
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Drawdown Indicators
| TMVE | IWS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.21% | -62.40% | +54.19% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.53% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.57% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.23% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.83% | — |
Current DrawdownCurrent decline from peak | -0.37% | -0.16% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -1.44% | -8.00% | +6.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.00% | — |
Volatility
TMVE vs. IWS - Volatility Comparison
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Volatility by Period
| TMVE | IWS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.18% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 10.04% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.84% | 13.55% | +0.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.84% | 17.32% | -3.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.84% | 19.39% | -5.55% |
TMVE vs. IWS - Expense Ratio Comparison
TMVE has a 0.55% expense ratio, which is higher than IWS's 0.23% expense ratio.
Dividends
TMVE vs. IWS - Dividend Comparison
TMVE's dividend yield for the trailing twelve months is around 0.10%, less than IWS's 1.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWS iShares Russell Mid-Cap Value ETF | 1.33% | 1.53% | 1.50% | 1.76% | 1.93% | 1.39% | 1.87% | 1.97% | 2.53% | 1.96% | 2.10% | 2.14% |
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
With a correlation of 0.94, TMVE and IWS 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.
On fees, IWS is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWS is cheaper with a 0.23% expense ratio, compared with 0.55% for TMVE.
IWS has the higher dividend yield at 1.33%, compared with 0.10% for TMVE.
TMVE tracks Actively Managed, while IWS tracks Russell Midcap Value Index. They also come from different issuers: Thrivent and iShares. Their fees differ too: 0.55% for TMVE and 0.23% for IWS.
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