TMVE vs. TSCV

Last updated Jun 23, 2026

TMVE (Thrivent Mid Cap Value ETF) and TSCV (Thrivent Small Cap Value ETF) are both exchange-traded funds - TMVE is a Mid Cap Value Equities fund tracking the Actively Managed, while TSCV is a Small Cap Value Equities fund actively managed by Thrivent. TMVE is passively managed, while TSCV is actively managed. Their correlation of 0.92 suggests significant overlap in exposure. TMVE charges 0.55%/yr vs 0.60%/yr for TSCV.

Performance

TMVE vs. TSCV - Performance Comparison

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

Returns By Period

In the year-to-date period, TMVE achieves a 17.76% return, which is significantly lower than TSCV's 21.01% return.

TMVE

• 1D: 0.28%
• 1M: 3.58%
• YTD: 17.76%
• 6M: 16.46%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSCV

• 1D: 0.04%
• 1M: 5.29%
• YTD: 21.01%
• 6M: 19.00%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TMVE vs. TSCV - Yearly Performance Comparison

	2026 (YTD)	2025
TMVE Thrivent Mid Cap Value ETF	17.76%	6.04%
TSCV Thrivent Small Cap Value ETF	21.01%	6.24%

Correlation

The correlation between TMVE and TSCV is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025	0.92

Return for Risk

TMVE vs. TSCV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Thrivent Mid Cap Value ETF (TMVE) and Thrivent Small Cap Value ETF (TSCV). 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.

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

Drawdowns

TMVE vs. TSCV - Drawdown Comparison

The maximum TMVE drawdown since its inception was -8.21%, smaller than the maximum TSCV drawdown of -10.17%. Use the drawdown chart below to compare losses from any high point for TMVE and TSCV.

Drawdown Indicators

	TMVE	TSCV	Difference
Max Drawdown Largest peak-to-trough decline	-8.21%	-10.17%	+1.96%
Current Drawdown Current decline from peak	-0.37%	0.00%	-0.37%
Average Drawdown Average peak-to-trough decline	-1.44%	-1.95%	+0.51%

Volatility

Volatility by Period

	TMVE	TSCV	Difference
Volatility (1Y) Calculated over the trailing 1-year period	13.84%	16.73%	-2.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.84%	16.73%	-2.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.84%	16.73%	-2.89%

TMVE vs. TSCV - Expense Ratio Comparison

TMVE has a 0.55% expense ratio, which is lower than TSCV's 0.60% expense ratio.

Dividends

TMVE vs. TSCV - Dividend Comparison

TMVE's dividend yield for the trailing twelve months is around 0.10%, less than TSCV's 0.23% yield.

Position	TTM	2025
TMVE Thrivent Mid Cap Value ETF	0.10%	0.12%
TSCV Thrivent Small Cap Value ETF	0.23%	0.28%

Frequently Asked Questions

Can I hold both TMVE and TSCV in my portfolio?

With a correlation of 0.92, TMVE and TSCV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, TMVE or TSCV?

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 TSCV?

TMVE is cheaper with a 0.55% expense ratio, compared with 0.60% for TSCV.

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

TSCV has the higher dividend yield at 0.23%, compared with 0.10% for TMVE.

What is the main difference between TMVE and TSCV?

TMVE is categorized as Mid Cap Value Equities, while TSCV is Small Cap Value Equities. Their fees differ too: 0.55% for TMVE and 0.60% for TSCV.