TMVE vs. IYE
TMVE (Thrivent Mid Cap Value ETF) and IYE (iShares U.S. Energy ETF) are both exchange-traded funds - TMVE is a Mid Cap Value Equities fund tracking the Actively Managed, while IYE is a Energy Equities fund tracking the Dow Jones U.S. Oil & Gas Index. Both are passively managed. At a 0.02 correlation, their price movements are largely independent. TMVE charges 0.55%/yr vs 0.42%/yr for IYE.
Performance
TMVE vs. IYE - Performance Comparison
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Returns By Period
In the year-to-date period, TMVE achieves a 18.60% return, which is significantly lower than IYE's 28.65% return.
TMVE
- 1D
- 0.70%
- 1M
- 0.40%
- 6M
- 13.08%
- YTD
- 18.60%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IYE
- 1D
- 0.85%
- 1M
- 3.70%
- 6M
- 21.25%
- YTD
- 28.65%
- 1Y
- 35.74%
- 3Y*
- 14.97%
- 5Y*
- 21.75%
- 10Y*
- 8.22%
TMVE vs. IYE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TMVE Thrivent Mid Cap Value ETF | 18.60% | 6.04% |
IYE iShares U.S. Energy ETF | 28.65% | -1.91% |
Correlation
The correlation between TMVE and IYE is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025 | 0.02 |
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Return for Risk
TMVE vs. IYE — Risk / Return Rank
TMVE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IYE
TMVE vs. IYE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thrivent Mid Cap Value ETF (TMVE) and iShares U.S. Energy ETF (IYE). 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 | IYE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.29 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.47 | — |
| Martin ratioReturn relative to average drawdown | — | 6.59 | — |
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Drawdowns
TMVE vs. IYE - Drawdown Comparison
The maximum TMVE drawdown since its inception was -8.21%, smaller than the maximum IYE drawdown of -73.74%. Use the drawdown chart below to compare losses from any high point for TMVE and IYE.
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Drawdown Indicators
| TMVE | IYE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.21% | -73.74% | +65.53% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.54% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.37% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.61% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -68.59% | — |
Current DrawdownCurrent decline from peak | -0.67% | -8.10% | +7.43% |
Average DrawdownAverage peak-to-trough decline | -1.38% | -19.32% | +17.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.44% | — |
Volatility
TMVE vs. IYE - Volatility Comparison
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Volatility by Period
| TMVE | IYE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.84% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 16.23% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.41% | 20.41% | -7.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.41% | 25.55% | -12.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.41% | 29.50% | -16.09% |
TMVE vs. IYE - Expense Ratio Comparison
TMVE has a 0.55% expense ratio, which is higher than IYE's 0.42% expense ratio.
Dividends
TMVE vs. IYE - Dividend Comparison
TMVE's dividend yield for the trailing twelve months is around 0.10%, less than IYE's 2.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYE iShares U.S. Energy ETF | 2.21% | 2.85% | 2.75% | 2.99% | 3.37% | 2.98% | 4.75% | 6.60% | 3.16% | 2.66% | 2.11% | 3.39% |
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 IYE have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IYE is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IYE is cheaper with a 0.42% expense ratio, compared with 0.55% for TMVE.
IYE has the higher dividend yield at 2.21%, compared with 0.10% for TMVE.
TMVE is categorized as Mid Cap Value Equities, while IYE is Energy Equities. TMVE tracks Actively Managed, while IYE tracks Dow Jones U.S. Oil & Gas Index. They also come from different issuers: Thrivent and iShares. Their fees differ too: 0.55% for TMVE and 0.42% for IYE.
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