TMVE vs. XMVM
TMVE (Thrivent Mid Cap Value ETF) and XMVM (Invesco S&P MidCap Value with Momentum ETF) are both exchange-traded funds - TMVE is a Mid Cap Value Equities fund tracking the Actively Managed, while XMVM is a Momentum fund tracking the S&P MidCap 400 High Momentum Value Index. Both are passively managed. Their 0.79 correlation means they have sometimes moved together and sometimes differently. TMVE charges 0.55%/yr vs 0.39%/yr for XMVM.
Performance
TMVE vs. XMVM - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with TMVE having a 17.86% return and XMVM slightly lower at 17.44%.
TMVE
- 1D
- 0.02%
- 1M
- -0.42%
- 6M
- 12.51%
- YTD
- 17.86%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
XMVM
- 1D
- -0.53%
- 1M
- 5.11%
- 6M
- 13.72%
- YTD
- 17.44%
- 1Y
- 38.27%
- 3Y*
- 17.47%
- 5Y*
- 12.42%
- 10Y*
- 12.44%
- ALL TIME*
- 9.70%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $149.11K | $96.01K | $541.62K | |
| $2.16M | $2.04M | $1.98M |
TMVE vs. XMVM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TMVE Thrivent Mid Cap Value ETF | 17.86% | 6.04% |
XMVM Invesco S&P MidCap Value with Momentum ETF | 17.44% | 6.85% |
Correlation
The correlation between TMVE and XMVM is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025 | 0.79 |
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Return for Risk
TMVE vs. XMVM — Risk / Return Rank
TMVE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
XMVM
TMVE vs. XMVM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thrivent Mid Cap Value ETF (TMVE) and Invesco S&P MidCap Value with Momentum ETF (XMVM). 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 | XMVM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.43 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.91 | — |
| Martin ratioReturn relative to average drawdown | — | 12.52 | — |
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Drawdowns
TMVE vs. XMVM - Drawdown Comparison
The maximum TMVE drawdown since its inception was -8.21%, smaller than the maximum XMVM drawdown of -62.83%. Use the drawdown chart below to compare losses from any high point for TMVE and XMVM.
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Drawdown Indicators
| TMVE | XMVM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.21% | -62.83% | +54.62% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.18% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -24.12% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.07% | — |
Current DrawdownCurrent decline from peak | -1.29% | -0.71% | -0.58% |
Average DrawdownAverage peak-to-trough decline | -1.36% | -10.20% | +8.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.86% | — |
Volatility
TMVE vs. XMVM - Volatility Comparison
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Volatility by Period
| TMVE | XMVM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.29% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.25% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.21% | 14.85% | -1.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.21% | 21.24% | -8.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.21% | 22.74% | -9.53% |
TMVE vs. XMVM - Expense Ratio Comparison
TMVE has a 0.55% expense ratio, which is higher than XMVM's 0.39% expense ratio.
Dividends
TMVE vs. XMVM - Dividend Comparison
TMVE's dividend yield for the trailing twelve months is around 0.10%, less than XMVM's 1.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TMVE Thrivent Mid Cap Value ETF | 0.10% | 0.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XMVM Invesco S&P MidCap Value with Momentum ETF | 1.79% | 2.07% | 1.43% | 1.57% | 1.76% | 1.10% | 1.37% | 1.73% | 2.87% | 2.22% | 2.27% | 2.58% |
Frequently Asked Questions
TMVE and XMVM have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XMVM is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XMVM is cheaper with a 0.39% expense ratio, compared with 0.55% for TMVE.
XMVM has the higher dividend yield at 1.79%, compared with 0.10% for TMVE.
TMVE is categorized as Mid Cap Value Equities, while XMVM is Momentum. TMVE tracks Actively Managed, while XMVM tracks S&P MidCap 400 High Momentum Value Index. They also come from different issuers: Thrivent and Invesco. Their fees differ too: 0.55% for TMVE and 0.39% for XMVM.
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