TSCV vs. TSME

Last updated Jun 4, 2026

TSCV (Thrivent Small Cap Value ETF) and TSME (Thrivent Small-Mid Cap ESG ETF) are both exchange-traded funds - TSCV is a Small Cap Value Equities fund actively managed by Thrivent, while TSME is a Mid Cap Blend Equities fund actively managed by Thrivent. Both are actively managed. Their correlation of 0.84 suggests significant overlap in exposure. TSCV charges 0.60%/yr vs 0.65%/yr for TSME.

Performance

TSCV vs. TSME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Thrivent Small Cap Value ETF (TSCV) and Thrivent Small-Mid Cap ESG ETF (TSME). 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 15.89% return and TSME slightly higher at 16.53%.

TSCV

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

TSME

• 1D: -0.35%
• 1M: 3.31%
• YTD: 16.53%
• 6M: 17.22%
• 1Y: 36.32%
• 3Y*: 21.67%
• 5Y*: —
• 10Y*: —

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

TSCV vs. TSME - Yearly Performance Comparison

	2026 (YTD)	2025
TSCV Thrivent Small Cap Value ETF	15.89%	6.24%
TSME Thrivent Small-Mid Cap ESG ETF	16.53%	7.10%

Correlation

The correlation between TSCV and TSME is 0.84, 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	0.84

Return for Risk

TSCV vs. TSME — Risk / Return Rank

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

TSME

TSME Risk / Return Rank: 50
TSME Sharpe Ratio Rank: 50
TSME Sortino Ratio Rank: 51
TSME Omega Ratio Rank: 48
TSME Calmar Ratio Rank: 51
TSME Martin Ratio Rank: 50

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. TSME - Risk-Adjusted Trends Comparison

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

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

Sharpe Ratios by Period

	TSCV	TSME	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.74	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.84	0.89	+1.94

Drawdowns

TSCV vs. TSME - Drawdown Comparison

The maximum TSCV drawdown since its inception was -10.17%, smaller than the maximum TSME drawdown of -26.59%. Use the drawdown chart below to compare losses from any high point for TSCV and TSME.

Drawdown Indicators

	TSCV	TSME	Difference
Max Drawdown Largest peak-to-trough decline	-10.17%	-26.59%	+16.42%
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	-0.70%	-0.35%	-0.35%
Average Drawdown Average peak-to-trough decline	-2.11%	-5.19%	+3.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.29%	—

Volatility

Volatility by Period

	TSCV	TSME	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.58%	—
Volatility (6M) Calculated over the trailing 6-month period	—	17.07%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.80%	21.13%	-4.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.80%	21.68%	-4.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.80%	21.68%	-4.88%

TSCV vs. TSME - Expense Ratio Comparison

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

Dividends

TSCV vs. TSME - Dividend Comparison

TSCV's dividend yield for the trailing twelve months is around 0.24%, more than TSME's 0.14% yield.

Position	TTM	2025	2024	2023	2022
TSCV Thrivent Small Cap Value ETF	0.24%	0.28%	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 TSCV and TSME in my portfolio?

TSCV and TSME have a correlation of 0.84, 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 TSME?

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 TSME?

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

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

TSCV has the higher dividend yield at 0.24%, compared with 0.14% for TSME.

What is the main difference between TSCV and TSME?

TSCV is categorized as Small Cap Value Equities, while TSME is Mid Cap Blend Equities. Their fees differ too: 0.60% for TSCV and 0.65% for TSME.