TSCV vs. SMCF

Last updated Jun 4, 2026

TSCV (Thrivent Small Cap Value ETF) and SMCF (Themes US Small Cap Cash Flow Champions ETF) are both Small Cap Value Equities funds. TSCV is actively managed, while SMCF is passively managed. Their correlation of 0.81 suggests significant overlap in exposure. TSCV charges 0.60%/yr vs 0.29%/yr for SMCF.

Performance

TSCV vs. SMCF - Performance Comparison

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

Returns By Period

In the year-to-date period, TSCV achieves a 15.89% return, which is significantly higher than SMCF's 13.75% return.

TSCV

• 1D: -0.29%
• 1M: 1.16%
• YTD: 15.89%
• 6M: 14.99%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SMCF

• 1D: -1.14%
• 1M: -1.09%
• YTD: 13.75%
• 6M: 13.63%
• 1Y: 32.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSCV vs. SMCF - Yearly Performance Comparison

	2026 (YTD)	2025
TSCV Thrivent Small Cap Value ETF	15.89%	6.24%
SMCF Themes US Small Cap Cash Flow Champions ETF	13.75%	6.30%

Correlation

The correlation between TSCV and SMCF is 0.81, 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 18, 2025	0.81

Return for Risk

TSCV vs. SMCF — Risk / Return Rank

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

SMCF

SMCF Risk / Return Rank: 67
SMCF Sharpe Ratio Rank: 61
SMCF Sortino Ratio Rank: 63
SMCF Omega Ratio Rank: 59
SMCF Calmar Ratio Rank: 85
SMCF Martin Ratio Rank: 68

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. SMCF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Thrivent Small Cap Value ETF (TSCV) and Themes US Small Cap Cash Flow Champions ETF (SMCF). 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

	TSCV	SMCF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.05	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.84	0.91	+1.93

Drawdowns

TSCV vs. SMCF - Drawdown Comparison

The maximum TSCV drawdown since its inception was -10.17%, smaller than the maximum SMCF drawdown of -28.48%. Use the drawdown chart below to compare losses from any high point for TSCV and SMCF.

Drawdown Indicators

	TSCV	SMCF	Difference
Max Drawdown Largest peak-to-trough decline	-10.17%	-28.48%	+18.31%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.13%	—
Current Drawdown Current decline from peak	-0.70%	-2.44%	+1.74%
Average Drawdown Average peak-to-trough decline	-2.11%	-5.29%	+3.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.65%	—

Volatility

Volatility by Period

	TSCV	SMCF	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.55%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.00%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.80%	16.18%	+0.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.80%	20.31%	-3.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.80%	20.31%	-3.51%

TSCV vs. SMCF - Expense Ratio Comparison

TSCV has a 0.60% expense ratio, which is higher than SMCF's 0.29% expense ratio.

Dividends

TSCV vs. SMCF - Dividend Comparison

TSCV's dividend yield for the trailing twelve months is around 0.24%, less than SMCF's 3.44% yield.

Position	TTM	2025	2024
SMCF Themes US Small Cap Cash Flow Champions ETF	3.44%	3.91%	0.61%
TSCV Thrivent Small Cap Value ETF	0.24%	0.28%	0.00%

Frequently Asked Questions

Can I hold both TSCV and SMCF in my portfolio?

TSCV and SMCF have a correlation of 0.81, 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 SMCF?

On fees, SMCF is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TSCV or SMCF?

SMCF is cheaper with a 0.29% expense ratio, compared with 0.60% for TSCV.

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

SMCF has the higher dividend yield at 3.44%, compared with 0.24% for TSCV.

What is the main difference between TSCV and SMCF?

They also come from different issuers: Thrivent and Themes. Their fees differ too: 0.60% for TSCV and 0.29% for SMCF.