TMVE vs. TSME

Last updated Jun 23, 2026

TMVE (Thrivent Mid Cap Value ETF) and TSME (Thrivent Small-Mid Cap ESG ETF) are both exchange-traded funds - TMVE is a Mid Cap Value Equities fund tracking the Actively Managed, while TSME is a Mid Cap Blend Equities fund actively managed by Thrivent. TMVE is passively managed, while TSME is actively managed. Their correlation of 0.86 suggests significant overlap in exposure. TMVE charges 0.55%/yr vs 0.65%/yr for TSME.

Performance

TMVE vs. TSME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Thrivent Mid Cap Value ETF (TMVE) and Thrivent Small-Mid Cap ESG ETF (TSME). 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 TSME's 22.92% return.

TMVE

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

TSME

• 1D: 0.20%
• 1M: 9.83%
• YTD: 22.92%
• 6M: 20.71%
• 1Y: 42.64%
• 3Y*: 23.19%
• 5Y*: —
• 10Y*: —

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

TMVE vs. TSME - Yearly Performance Comparison

	2026 (YTD)	2025
TMVE Thrivent Mid Cap Value ETF	17.76%	6.04%
TSME Thrivent Small-Mid Cap ESG ETF	22.92%	4.47%

Correlation

The correlation between TMVE and TSME is 0.86, 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	0.86

Return for Risk

TMVE vs. TSME — Risk / Return Rank

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

TMVE

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

TSME

TSME Risk / Return Rank: 59
TSME Sharpe Ratio Rank: 61
TSME Sortino Ratio Rank: 59
TSME Omega Ratio Rank: 56
TSME Calmar Ratio Rank: 61
TSME Martin Ratio Rank: 58

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. TSME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Thrivent Mid Cap Value ETF (TMVE) and Thrivent Small-Mid Cap ESG ETF (TSME). 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	TSME	Difference
Sharpe ratio: Return per unit of total volatility	—	1.96	—
Sortino ratio: Return per unit of downside risk	—	2.73	—
Omega ratio: Gain probability vs. loss probability	—	1.34	—
Calmar ratio: Return relative to maximum drawdown	—	2.91	—
Martin ratio: Return relative to average drawdown	—	9.95	—

Drawdowns

TMVE vs. TSME - Drawdown Comparison

The maximum TMVE drawdown since its inception was -8.21%, smaller than the maximum TSME drawdown of -26.59%. Use the drawdown chart below to compare losses from any high point for TMVE and TSME.

Drawdown Indicators

	TMVE	TSME	Difference
Max Drawdown Largest peak-to-trough decline	-8.21%	-26.59%	+18.38%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.72%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-26.59%	—
Current Drawdown Current decline from peak	-0.37%	0.00%	-0.37%
Average Drawdown Average peak-to-trough decline	-1.44%	-5.13%	+3.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.30%	—

Volatility

Volatility by Period

	TMVE	TSME	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.33%	—
Volatility (6M) Calculated over the trailing 6-month period	—	17.83%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.84%	21.86%	-8.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.84%	21.80%	-7.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.84%	21.80%	-7.96%

TMVE vs. TSME - Expense Ratio Comparison

TMVE has a 0.55% expense ratio, which is lower than TSME's 0.65% expense ratio.

Dividends

TMVE vs. TSME - Dividend Comparison

TMVE's dividend yield for the trailing twelve months is around 0.10%, less than TSME's 0.14% yield.

Position	TTM	2025	2024	2023	2022
TMVE Thrivent Mid Cap Value ETF	0.10%	0.12%	0.00%	0.00%	0.00%
TSME Thrivent Small-Mid Cap ESG ETF	0.14%	0.17%	0.38%	0.53%	0.16%

Frequently Asked Questions

Can I hold both TMVE and TSME in my portfolio?

TMVE and TSME have a correlation of 0.86, 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 TSME?

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 TSME?

TMVE is cheaper with a 0.55% expense ratio, compared with 0.65% for TSME.

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

TSME has the higher dividend yield at 0.14%, compared with 0.10% for TMVE.

What is the main difference between TMVE and TSME?

TMVE is categorized as Mid Cap Value Equities, while TSME is Mid Cap Blend Equities. Their fees differ too: 0.55% for TMVE and 0.65% for TSME.