TMVE vs. SDY

Last updated Apr 4, 2026

Compare and contrast key facts about Thrivent Mid Cap Value ETF (TMVE) and SPDR S&P Dividend ETF (SDY).

TMVE and SDY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TMVE is a passively managed fund by Thrivent that tracks the performance of the Actively Managed. It was launched on Feb 28, 2020. SDY is a passively managed fund by State Street that tracks the performance of the S&P High Yield Dividend Aristocrats Index. It was launched on Nov 15, 2005. Both TMVE and SDY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

TMVE vs. SDY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Thrivent Mid Cap Value ETF (TMVE) and SPDR S&P Dividend ETF (SDY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TMVE achieves a 4.35% return, which is significantly lower than SDY's 5.64% return.

TMVE

• 1D: -0.15%
• 1M: -2.40%
• YTD: 4.35%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SDY

• 1D: 0.19%
• 1M: -3.52%
• YTD: 5.64%
• 6M: 5.29%
• 1Y: 19.21%
• 3Y*: 8.51%
• 5Y*: 7.03%
• 10Y*: 9.45%

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

TMVE vs. SDY - Yearly Performance Comparison

	2026 (YTD)	2025
TMVE Thrivent Mid Cap Value ETF	4.35%	6.04%
SDY SPDR S&P Dividend ETF	5.64%	2.24%

Correlation

The correlation between TMVE and SDY is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined. Holding both can reduce overall portfolio volatility compared to holding either one alone.

TMVE vs. SDY - Expense Ratio Comparison

TMVE has a 0.55% expense ratio, which is higher than SDY's 0.35% expense ratio.

TMVE

Thrivent Mid Cap Value ETF

SDY

SPDR S&P Dividend ETF

Return for Risk

TMVE vs. SDY — Risk / Return Rank

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

SDY

SDY Risk / Return Rank: 34
SDY Sharpe Ratio Rank: 36
SDY Sortino Ratio Rank: 37
SDY Omega Ratio Rank: 33
SDY Calmar Ratio Rank: 29
SDY Martin Ratio Rank: 33

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. SDY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Thrivent Mid Cap Value ETF (TMVE) and SPDR S&P Dividend ETF (SDY). 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	SDY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.74	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.50	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.55	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.14	0.47	+1.68

Drawdowns

TMVE vs. SDY - Drawdown Comparison

The maximum TMVE drawdown since its inception was -8.21%, smaller than the maximum SDY drawdown of -54.75%. Use the drawdown chart below to compare losses from any high point for TMVE and SDY.

Drawdown Indicators

	TMVE	SDY	Difference
Max Drawdown Largest peak-to-trough decline	-8.21%	-54.75%	+46.54%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.67%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.21%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.70%	—
Current Drawdown Current decline from peak	-5.38%	-5.72%	+0.34%
Average Drawdown Average peak-to-trough decline	-1.79%	-6.22%	+4.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.75%	—

Volatility

Volatility by Period

	TMVE	SDY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.15%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.33%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.80%	13.87%	+0.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.80%	14.05%	+0.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.80%	17.07%	-2.27%

Dividends

TMVE vs. SDY - Dividend Comparison

TMVE's dividend yield for the trailing twelve months is around 0.11%, less than SDY's 2.53% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TMVE Thrivent Mid Cap Value ETF	0.11%	0.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SDY SPDR S&P Dividend ETF	2.53%	2.61%	2.56%	2.64%	2.55%	2.63%	2.85%	2.45%	2.73%	4.69%	3.30%	6.20%