TMVE vs. TCPB
TMVE (Thrivent Mid Cap Value ETF) and TCPB (Thrivent Core Plus Bond ETF) are both exchange-traded funds - TMVE is a Mid Cap Value Equities fund tracking the Actively Managed, while TCPB is a Intermediate Core-Plus Bond fund actively managed by Thrivent. TMVE is passively managed, while TCPB is actively managed. Their 0.48 correlation means their historical movements had little consistent relationship. TMVE charges 0.55%/yr vs 0.39%/yr for TCPB.
Performance
TMVE vs. TCPB - 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 TCPB's -0.33% return.
TMVE
- 1D
- 0.02%
- 1M
- -0.42%
- 6M
- 12.51%
- YTD
- 17.86%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
TCPB
- 1D
- -0.22%
- 1M
- -1.18%
- 6M
- -0.64%
- YTD
- -0.33%
- 1Y
- 2.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.17%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.03M | $1.25M | $1.56M | |
| $149.11K | $96.01K | $541.62K |
TMVE vs. TCPB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TMVE Thrivent Mid Cap Value ETF | 17.86% | 6.04% |
TCPB Thrivent Core Plus Bond ETF | -0.33% | 0.74% |
Correlation
The correlation between TMVE and TCPB is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025 | 0.48 |
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Return for Risk
TMVE vs. TCPB — Risk / Return Rank
TMVE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TCPB
TMVE vs. TCPB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thrivent Mid Cap Value ETF (TMVE) and Thrivent Core Plus Bond ETF (TCPB). 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 | TCPB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.15 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.25 | — |
| Martin ratioReturn relative to average drawdown | — | 3.29 | — |
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Drawdowns
TMVE vs. TCPB - Drawdown Comparison
The maximum TMVE drawdown since its inception was -8.21%, which is greater than TCPB's maximum drawdown of -2.74%. Use the drawdown chart below to compare losses from any high point for TMVE and TCPB.
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Drawdown Indicators
| TMVE | TCPB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.21% | -2.74% | -5.47% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.74% | — |
Current DrawdownCurrent decline from peak | -1.29% | -2.08% | +0.79% |
Average DrawdownAverage peak-to-trough decline | -1.36% | -0.84% | -0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.03% | — |
Volatility
TMVE vs. TCPB - Volatility Comparison
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Volatility by Period
| TMVE | TCPB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.92% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.90% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.21% | 4.04% | +9.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.21% | 4.37% | +8.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.21% | 4.37% | +8.84% |
TMVE vs. TCPB - Expense Ratio Comparison
TMVE has a 0.55% expense ratio, which is higher than TCPB's 0.39% expense ratio.
Dividends
TMVE vs. TCPB - Dividend Comparison
TMVE's dividend yield for the trailing twelve months is around 0.10%, less than TCPB's 4.85% yield.
| Position | TTM | 2025 |
|---|---|---|
TCPB Thrivent Core Plus Bond ETF | 4.85% | 3.85% |
TMVE Thrivent Mid Cap Value ETF | 0.10% | 0.12% |
Frequently Asked Questions
TMVE and TCPB have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TCPB is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TCPB is cheaper with a 0.39% expense ratio, compared with 0.55% for TMVE.
TCPB has the higher dividend yield at 4.85%, compared with 0.10% for TMVE.
TMVE is categorized as Mid Cap Value Equities, while TCPB is Intermediate Core-Plus Bond. Their fees differ too: 0.55% for TMVE and 0.39% for TCPB.
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