TSME vs. ETHO

Last updated Jul 17, 2026

TSME (Thrivent Small-Mid Cap ESG ETF) and ETHO (Amplify Etho Climate Leadership U.S. ETF) are both Mid Cap Blend Equities funds. TSME is actively managed, while ETHO is passively managed. Over the past year, TSME returned 29.17% vs 37.11% for ETHO. Their correlation of 0.90 suggests significant overlap in exposure. TSME charges 0.65%/yr vs 0.45%/yr for ETHO.

Performance

TSME vs. ETHO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Thrivent Small-Mid Cap ESG ETF (TSME) and Amplify Etho Climate Leadership U.S. ETF (ETHO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSME achieves a 17.63% return, which is significantly lower than ETHO's 22.44% return.

TSME

• 1D: -0.59%
• 1M: -2.04%
• 6M: 8.31%
• YTD: 17.63%
• 1Y: 29.17%
• 3Y*: 18.17%
• 5Y*: —
• 10Y*: —

ETHO

• 1D: 0.49%
• 1M: 3.24%
• 6M: 16.53%
• YTD: 22.44%
• 1Y: 37.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSME vs. ETHO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TSME Thrivent Small-Mid Cap ESG ETF	17.63%	13.79%	21.02%
ETHO Amplify Etho Climate Leadership U.S. ETF	22.44%	10.23%	11.21%

Correlation

The correlation between TSME and ETHO is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.87
Correlation (All Time) Calculated using the full available price history since Jan 29, 2024	0.90

The correlation between TSME and ETHO has been stable across timeframes, ranging from 0.87 to 0.90 - a consistent structural relationship.

TSME vs. ETHO - Sectors Allocation Comparison

Sectors	TSME	ETHO
Industrials	24.2%	15.9%
Technology	23.6%	28.7%
Consumer Cyclical	16.3%	10.2%
Financial Services	10.5%	12.2%
Basic Materials	8.5%	2.9%
Healthcare	8.3%	12.3%
Consumer Defensive	4.8%	4.4%
Utilities	2.2%	2.5%
Energy	1.6%	0.3%
Communication Services	-	4.3%
Real Estate	-	6.3%

Return for Risk

TSME vs. ETHO — Risk / Return Rank

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

TSME

TSME Risk / Return Rank: 47
TSME Sharpe Ratio Rank: 45
TSME Sortino Ratio Rank: 47
TSME Omega Ratio Rank: 43
TSME Calmar Ratio Rank: 49
TSME Martin Ratio Rank: 50

ETHO

ETHO Risk / Return Rank: 84
ETHO Sharpe Ratio Rank: 82
ETHO Sortino Ratio Rank: 82
ETHO Omega Ratio Rank: 76
ETHO Calmar Ratio Rank: 88
ETHO Martin Ratio Rank: 89

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.

TSME vs. ETHO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Thrivent Small-Mid Cap ESG ETF (TSME) and Amplify Etho Climate Leadership U.S. ETF (ETHO). 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.

	TSME	ETHO	Difference
Sharpe ratio: Return per unit of total volatility	1.31	2.11	-0.79
Sortino ratio: Return per unit of downside risk	1.93	2.96	-1.02
Omega ratio: Gain probability vs. loss probability	1.23	1.36	-0.12
Calmar ratio: Return relative to maximum drawdown	1.99	4.03	-2.04
Martin ratio: Return relative to average drawdown	6.60	15.62	-9.01

TSME vs. ETHO - Sharpe Ratio Comparison

The current TSME Sharpe Ratio is 1.31, which is lower than the ETHO Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of TSME and ETHO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TSME vs. ETHO - Drawdown Comparison

The maximum TSME drawdown since its inception was -26.59%, roughly equal to the maximum ETHO drawdown of -25.50%. Use the drawdown chart below to compare losses from any high point for TSME and ETHO.

Drawdown Indicators

	TSME	ETHO	Difference
Max Drawdown Largest peak-to-trough decline	-26.59%	-25.50%	-1.09%
Max Drawdown (1Y) Largest decline over 1 year	-14.72%	-9.25%	-5.47%
Max Drawdown (3Y) Largest decline over 3 years	-26.59%	—	—
Current Drawdown Current decline from peak	-6.47%	-0.82%	-5.65%
Average Drawdown Average peak-to-trough decline	-5.10%	-4.34%	-0.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.43%	2.38%	+2.05%

Volatility

TSME vs. ETHO - Volatility Comparison

Thrivent Small-Mid Cap ESG ETF (TSME) has a higher volatility of 6.67% compared to Amplify Etho Climate Leadership U.S. ETF (ETHO) at 4.38%. This indicates that TSME's price experiences larger fluctuations and is considered to be riskier than ETHO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSME	ETHO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.67%	4.38%	+2.29%
Volatility (6M) Calculated over the trailing 6-month period	18.44%	13.26%	+5.18%
Volatility (1Y) Calculated over the trailing 1-year period	22.33%	17.70%	+4.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.83%	19.34%	+2.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.83%	19.34%	+2.49%

TSME vs. ETHO - Expense Ratio Comparison

TSME has a 0.65% expense ratio, which is higher than ETHO's 0.45% expense ratio.

Dividends

TSME vs. ETHO - Dividend Comparison

TSME's dividend yield for the trailing twelve months is around 0.14%, less than ETHO's 0.70% yield.

Position	TTM	2025	2024	2023	2022
ETHO Amplify Etho Climate Leadership U.S. ETF	0.70%	0.86%	0.69%	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 TSME and ETHO in my portfolio?

TSME and ETHO have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TSME or ETHO?

TSME has higher volatility (6.67%) compared to ETHO (4.38%). In terms of maximum drawdown, TSME dropped -26.59% vs ETHO's -25.50%.

Which ETF is better, TSME or ETHO?

On 1-year performance, ETHO leads with 37.11% vs 29.17% for TSME. On fees, ETHO is cheaper at 0.45% per year. On volatility, ETHO has been the lower-risk option at 4.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TSME or ETHO?

Over the 1-year period, ETHO has performed better with a 37.11% return vs 29.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TSME or ETHO?

ETHO is cheaper with a 0.45% expense ratio, compared with 0.65% for TSME.

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

ETHO has the higher dividend yield at 0.70%, compared with 0.14% for TSME.

What is the main difference between TSME and ETHO?

They also come from different issuers: Thrivent and Amplify. Their fees differ too: 0.65% for TSME and 0.45% for ETHO.

Which has better risk-adjusted returns?

ETHO currently has the higher Sharpe Ratio (2.11 vs 1.31), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.