TSCV vs. TMVE

Last updated Jun 23, 2026

TSCV (Thrivent Small Cap Value ETF) and TMVE (Thrivent Mid Cap Value ETF) are both exchange-traded funds - TSCV is a Small Cap Value Equities fund actively managed by Thrivent, while TMVE is a Mid Cap Value Equities fund tracking the Actively Managed. TSCV is actively managed, while TMVE is passively managed. Their correlation of 0.92 suggests significant overlap in exposure. TSCV charges 0.60%/yr vs 0.55%/yr for TMVE.

Performance

TSCV vs. TMVE - Performance Comparison

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

Returns By Period

In the year-to-date period, TSCV achieves a 21.01% return, which is significantly higher than TMVE's 17.76% return.

TSCV

• 1D: 0.04%
• 1M: 5.29%
• YTD: 21.01%
• 6M: 19.00%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TMVE

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

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

TSCV vs. TMVE - Yearly Performance Comparison

	2026 (YTD)	2025
TSCV Thrivent Small Cap Value ETF	21.01%	6.24%
TMVE Thrivent Mid Cap Value ETF	17.76%	6.04%

Correlation

The correlation between TSCV and TMVE is 0.92, 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	0.92

Return for Risk

TSCV vs. TMVE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Thrivent Small Cap Value ETF (TSCV) and Thrivent Mid Cap Value ETF (TMVE). 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.

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

Drawdowns

TSCV vs. TMVE - Drawdown Comparison

The maximum TSCV drawdown since its inception was -10.17%, which is greater than TMVE's maximum drawdown of -8.21%. Use the drawdown chart below to compare losses from any high point for TSCV and TMVE.

Drawdown Indicators

	TSCV	TMVE	Difference
Max Drawdown Largest peak-to-trough decline	-10.17%	-8.21%	-1.96%
Current Drawdown Current decline from peak	0.00%	-0.37%	+0.37%
Average Drawdown Average peak-to-trough decline	-1.95%	-1.44%	-0.51%

Volatility

Volatility by Period

	TSCV	TMVE	Difference
Volatility (1Y) Calculated over the trailing 1-year period	16.73%	13.84%	+2.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.73%	13.84%	+2.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.73%	13.84%	+2.89%

TSCV vs. TMVE - Expense Ratio Comparison

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

Dividends

TSCV vs. TMVE - Dividend Comparison

TSCV's dividend yield for the trailing twelve months is around 0.23%, more than TMVE's 0.10% yield.

Position	TTM	2025
TMVE Thrivent Mid Cap Value ETF	0.10%	0.12%
TSCV Thrivent Small Cap Value ETF	0.23%	0.28%

Frequently Asked Questions

Can I hold both TSCV and TMVE in my portfolio?

With a correlation of 0.92, TSCV and TMVE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, TSCV or TMVE?

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, TSCV or TMVE?

TMVE is cheaper with a 0.55% expense ratio, compared with 0.60% for TSCV.

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

TSCV has the higher dividend yield at 0.23%, compared with 0.10% for TMVE.

What is the main difference between TSCV and TMVE?

TSCV is categorized as Small Cap Value Equities, while TMVE is Mid Cap Value Equities. Their fees differ too: 0.60% for TSCV and 0.55% for TMVE.