TSCV vs. CMCI

Last updated Jul 18, 2026

TSCV (Thrivent Small Cap Value ETF) and CMCI (VanEck CMCI Commodity Strategy ETF) are both exchange-traded funds - TSCV is a Small Cap Value Equities fund actively managed by Thrivent, while CMCI is a Commodities fund tracking the UBS Bloomberg CMCI Composite Total Return Index. TSCV is actively managed, while CMCI is passively managed. At a correlation of -0.06, they often move in opposite directions. TSCV charges 0.60%/yr vs 0.65%/yr for CMCI.

Performance

TSCV vs. CMCI - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with TSCV having a 21.15% return and CMCI slightly higher at 21.29%.

TSCV

• 1D: -0.74%
• 1M: 1.66%
• 6M: 12.70%
• YTD: 21.15%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CMCI

• 1D: 1.01%
• 1M: 3.73%
• 6M: 18.60%
• YTD: 21.29%
• 1Y: 25.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSCV vs. CMCI - Yearly Performance Comparison

	2026 (YTD)	2025
TSCV Thrivent Small Cap Value ETF	21.15%	6.24%
CMCI VanEck CMCI Commodity Strategy ETF	21.29%	1.37%

Correlation

The correlation between TSCV and CMCI is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025	-0.06

Return for Risk

TSCV vs. CMCI — Risk / Return Rank

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

TSCV

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

CMCI

CMCI Risk / Return Rank: 75
CMCI Sharpe Ratio Rank: 83
CMCI Sortino Ratio Rank: 82
CMCI Omega Ratio Rank: 81
CMCI Calmar Ratio Rank: 63
CMCI Martin Ratio Rank: 64

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.

TSCV vs. CMCI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Thrivent Small Cap Value ETF (TSCV) and VanEck CMCI Commodity Strategy ETF (CMCI). 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.

	TSCV	CMCI	Difference
Sharpe ratio: Return per unit of total volatility	—	2.08	—
Sortino ratio: Return per unit of downside risk	—	2.89	—
Omega ratio: Gain probability vs. loss probability	—	1.37	—
Calmar ratio: Return relative to maximum drawdown	—	2.42	—
Martin ratio: Return relative to average drawdown	—	8.66	—

Drawdowns

TSCV vs. CMCI - Drawdown Comparison

The maximum TSCV drawdown since its inception was -10.17%, smaller than the maximum CMCI drawdown of -11.54%. Use the drawdown chart below to compare losses from any high point for TSCV and CMCI.

Drawdown Indicators

	TSCV	CMCI	Difference
Max Drawdown Largest peak-to-trough decline	-10.17%	-11.54%	+1.37%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.77%	—
Current Drawdown Current decline from peak	-1.50%	-4.47%	+2.97%
Average Drawdown Average peak-to-trough decline	-1.88%	-3.69%	+1.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.01%	—

Volatility

Volatility by Period

	TSCV	CMCI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.14%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.54%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.36%	12.52%	+3.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.36%	12.66%	+3.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.36%	12.66%	+3.70%

TSCV vs. CMCI - Expense Ratio Comparison

TSCV has a 0.60% expense ratio, which is lower than CMCI's 0.65% expense ratio.

Dividends

TSCV vs. CMCI - Dividend Comparison

TSCV's dividend yield for the trailing twelve months is around 0.23%, less than CMCI's 8.15% yield.

Position	TTM	2025	2024	2023
CMCI VanEck CMCI Commodity Strategy ETF	8.15%	9.89%	3.93%	1.64%
TSCV Thrivent Small Cap Value ETF	0.23%	0.28%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TSCV and CMCI in my portfolio?

TSCV and CMCI have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TSCV or CMCI?

On fees, TSCV is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TSCV or CMCI?

TSCV is cheaper with a 0.60% expense ratio, compared with 0.65% for CMCI.

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

CMCI has the higher dividend yield at 8.15%, compared with 0.23% for TSCV.

What is the main difference between TSCV and CMCI?

TSCV is categorized as Small Cap Value Equities, while CMCI is Commodities. They also come from different issuers: Thrivent and VanEck. Their fees differ too: 0.60% for TSCV and 0.65% for CMCI.