TMVE vs. KMLM
TMVE (Thrivent Mid Cap Value ETF) and KMLM (KFA Mount Lucas Index Strategy ETF) are both exchange-traded funds - TMVE is a Mid Cap Value Equities fund tracking the Actively Managed, while KMLM is a Systematic Trend fund tracking the KFA MLM Index. Both are passively managed. Their -0.05 correlation means they have often moved in opposite directions in the past. TMVE charges 0.55%/yr vs 0.90%/yr for KMLM.
Performance
TMVE vs. KMLM - 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 KMLM's 12.95% return.
TMVE
- 1D
- 0.02%
- 1M
- -0.42%
- 6M
- 12.51%
- YTD
- 17.86%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
KMLM
- 1D
- 0.24%
- 1M
- 6.85%
- 6M
- 12.90%
- YTD
- 12.95%
- 1Y
- 18.19%
- 3Y*
- 0.08%
- 5Y*
- 5.77%
- 10Y*
- —
- ALL TIME*
- 7.46%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $14.29M | $9.53M | $7.83M | |
| $149.11K | $96.01K | $541.62K |
TMVE vs. KMLM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TMVE Thrivent Mid Cap Value ETF | 17.86% | 6.04% |
KMLM KFA Mount Lucas Index Strategy ETF | 12.95% | 2.53% |
Correlation
The correlation between TMVE and KMLM is -0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025 | -0.05 |
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Return for Risk
TMVE vs. KMLM — Risk / Return Rank
TMVE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
KMLM
TMVE vs. KMLM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thrivent Mid Cap Value ETF (TMVE) and KFA Mount Lucas Index Strategy ETF (KMLM). 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 | KMLM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.28 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.86 | — |
| Martin ratioReturn relative to average drawdown | — | 6.03 | — |
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Drawdowns
TMVE vs. KMLM - Drawdown Comparison
The maximum TMVE drawdown since its inception was -8.21%, smaller than the maximum KMLM drawdown of -27.47%. Use the drawdown chart below to compare losses from any high point for TMVE and KMLM.
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Drawdown Indicators
| TMVE | KMLM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.21% | -27.47% | +19.26% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.61% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.28% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.47% | — |
Current DrawdownCurrent decline from peak | -1.29% | -11.93% | +10.64% |
Average DrawdownAverage peak-to-trough decline | -1.36% | -12.79% | +11.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.95% | — |
Volatility
TMVE vs. KMLM - Volatility Comparison
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Volatility by Period
| TMVE | KMLM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.70% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 10.31% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.21% | 11.49% | +1.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.21% | 14.53% | -1.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.21% | 14.66% | -1.45% |
TMVE vs. KMLM - Expense Ratio Comparison
TMVE has a 0.55% expense ratio, which is lower than KMLM's 0.90% expense ratio.
Dividends
TMVE vs. KMLM - Dividend Comparison
TMVE's dividend yield for the trailing twelve months is around 0.10%, less than KMLM's 4.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
KMLM KFA Mount Lucas Index Strategy ETF | 4.45% | 5.02% | 0.82% | 0.00% | 13.22% | 6.94% |
TMVE Thrivent Mid Cap Value ETF | 0.10% | 0.12% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TMVE and KMLM have a correlation of -0.05, 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 0.90% for KMLM.
KMLM has the higher dividend yield at 4.45%, compared with 0.10% for TMVE.
TMVE is categorized as Mid Cap Value Equities, while KMLM is Systematic Trend. TMVE tracks Actively Managed, while KMLM tracks KFA MLM Index. They also come from different issuers: Thrivent and KraneShares. Their fees differ too: 0.55% for TMVE and 0.90% for KMLM.
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