TMVE vs. RNIN

Last updated Jun 4, 2026

TMVE (Thrivent Mid Cap Value ETF) and RNIN (Bushido Capital US SMID Cap Equity ETF) are both Mid Cap Value Equities funds. TMVE is passively managed, while RNIN is actively managed. A 0.67 correlation means they provide meaningful diversification when combined. TMVE charges 0.55%/yr vs 0.68%/yr for RNIN.

Performance

TMVE vs. RNIN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Thrivent Mid Cap Value ETF (TMVE) and Bushido Capital US SMID Cap Equity ETF (RNIN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TMVE achieves a 14.73% return, which is significantly lower than RNIN's 15.93% return.

TMVE

• 1D: -0.23%
• 1M: 2.73%
• YTD: 14.73%
• 6M: 15.49%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

RNIN

• 1D: -1.25%
• 1M: 1.27%
• YTD: 15.93%
• 6M: 14.64%
• 1Y: 28.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TMVE vs. RNIN - Yearly Performance Comparison

	2026 (YTD)	2025
TMVE Thrivent Mid Cap Value ETF	14.73%	6.04%
RNIN Bushido Capital US SMID Cap Equity ETF	15.93%	4.59%

Correlation

The correlation between TMVE and RNIN is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025	0.67

Return for Risk

TMVE vs. RNIN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RNIN

RNIN Risk / Return Rank: 70
RNIN Sharpe Ratio Rank: 58
RNIN Sortino Ratio Rank: 61
RNIN Omega Ratio Rank: 56
RNIN Calmar Ratio Rank: 88
RNIN Martin Ratio Rank: 86

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TMVE vs. RNIN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Thrivent Mid Cap Value ETF (TMVE) and Bushido Capital US SMID Cap Equity ETF (RNIN). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	TMVE	RNIN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.93	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.18	1.78	+1.41

Drawdowns

TMVE vs. RNIN - Drawdown Comparison

The maximum TMVE drawdown since its inception was -8.21%, which is greater than RNIN's maximum drawdown of -5.70%. Use the drawdown chart below to compare losses from any high point for TMVE and RNIN.

Drawdown Indicators

	TMVE	RNIN	Difference
Max Drawdown Largest peak-to-trough decline	-8.21%	-5.70%	-2.51%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.70%	—
Current Drawdown Current decline from peak	-0.23%	-2.55%	+2.32%
Average Drawdown Average peak-to-trough decline	-1.54%	-1.24%	-0.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.61%	—

Volatility

Volatility by Period

	TMVE	RNIN	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.94%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.50%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.94%	14.87%	-0.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.94%	14.97%	-1.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.94%	14.97%	-1.03%

TMVE vs. RNIN - Expense Ratio Comparison

TMVE has a 0.55% expense ratio, which is lower than RNIN's 0.68% expense ratio.

Dividends

TMVE vs. RNIN - Dividend Comparison

TMVE's dividend yield for the trailing twelve months is around 0.10%, less than RNIN's 0.76% yield.

Position	TTM	2025
RNIN Bushido Capital US SMID Cap Equity ETF	0.76%	0.71%
TMVE Thrivent Mid Cap Value ETF	0.10%	0.12%

Frequently Asked Questions

Can I hold both TMVE and RNIN in my portfolio?

TMVE and RNIN have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TMVE or RNIN?

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.

Which ETF is cheaper, TMVE or RNIN?

TMVE is cheaper with a 0.55% expense ratio, compared with 0.68% for RNIN.

Which ETF pays a higher dividend yield, TMVE or RNIN?

RNIN has the higher dividend yield at 0.76%, compared with 0.10% for TMVE.

What is the main difference between TMVE and RNIN?

They also come from different issuers: Thrivent and Bushido. Their fees differ too: 0.55% for TMVE and 0.68% for RNIN.