TMVE vs. TSCV

Last updated Apr 4, 2026

Compare and contrast key facts about Thrivent Mid Cap Value ETF (TMVE) and Thrivent Small Cap Value ETF (TSCV).

TMVE and TSCV 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. TSCV is an actively managed fund by Thrivent. It was launched on Mar 31, 2022.

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 4.35% return, which is significantly lower than TSCV's 6.03% return.

TMVE

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

TSCV

• 1D: -0.29%
• 1M: -1.73%
• YTD: 6.03%
• 6M: —
• 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	4.35%	6.04%
TSCV Thrivent Small Cap Value ETF	6.03%	6.24%

Correlation

The correlation between TMVE and TSCV is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification — they'll tend to fall together during downturns. For meaningful risk reduction, look for holdings with correlations below 0.5.

TMVE vs. TSCV - Expense Ratio Comparison

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

TSCV

Thrivent Small Cap Value ETF

TMVE

Thrivent Mid Cap Value ETF

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.

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

Sharpe Ratios by Period

	TMVE	TSCV	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.14	2.18	-0.04

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	-5.38%	-5.81%	+0.43%
Average Drawdown Average peak-to-trough decline	-1.79%	-2.48%	+0.69%

Volatility

Volatility by Period

	TMVE	TSCV	Difference
Volatility (1Y) Calculated over the trailing 1-year period	14.80%	17.57%	-2.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.80%	17.57%	-2.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.80%	17.57%	-2.77%

Dividends

TMVE vs. TSCV - Dividend Comparison

TMVE's dividend yield for the trailing twelve months is around 0.11%, less than TSCV's 0.27% yield.

	TTM	2025
TMVE Thrivent Mid Cap Value ETF	0.11%	0.12%
TSCV Thrivent Small Cap Value ETF	0.27%	0.28%