TSME vs. TMVE
TSME (Thrivent Small-Mid Cap ESG ETF) and TMVE (Thrivent Mid Cap Value ETF) are both exchange-traded funds - TSME is a Mid Cap Blend Equities fund actively managed by Thrivent, while TMVE is a Mid Cap Value Equities fund tracking the Actively Managed. TSME is actively managed, while TMVE is passively managed. Their correlation of 0.85 suggests significant overlap in exposure. TSME charges 0.65%/yr vs 0.55%/yr for TMVE.
Performance
TSME vs. TMVE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with TSME having a 17.97% return and TMVE slightly lower at 17.89%.
TSME
- 1D
- -1.58%
- 1M
- -1.15%
- 6M
- 11.83%
- YTD
- 17.97%
- 1Y
- 28.36%
- 3Y*
- 18.65%
- 5Y*
- —
- 10Y*
- —
TMVE
- 1D
- -0.27%
- 1M
- 0.07%
- 6M
- 14.60%
- YTD
- 17.89%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSME vs. TMVE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TSME Thrivent Small-Mid Cap ESG ETF | 17.97% | 4.47% |
TMVE Thrivent Mid Cap Value ETF | 17.89% | 6.04% |
Correlation
The correlation between TSME and TMVE is 0.85, 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 | 0.85 |
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Return for Risk
TSME vs. TMVE — Risk / Return Rank
TSME
TMVE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TSME vs. TMVE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thrivent Small-Mid Cap ESG ETF (TSME) 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.
| TSME | TMVE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.23 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | — | — |
| Martin ratioReturn relative to average drawdown | 6.49 | — | — |
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Drawdowns
TSME vs. TMVE - Drawdown Comparison
The maximum TSME drawdown since its inception was -26.59%, which is greater than TMVE's maximum drawdown of -8.21%. Use the drawdown chart below to compare losses from any high point for TSME and TMVE.
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Drawdown Indicators
| TSME | TMVE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.59% | -8.21% | -18.38% |
Max Drawdown (1Y)Largest decline over 1 year | -14.72% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -26.59% | — | — |
Current DrawdownCurrent decline from peak | -6.21% | -1.26% | -4.95% |
Average DrawdownAverage peak-to-trough decline | -5.10% | -1.39% | -3.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.38% | — | — |
Volatility
TSME vs. TMVE - Volatility Comparison
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Volatility by Period
| TSME | TMVE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.88% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 18.50% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 22.41% | 13.51% | +8.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.85% | 13.51% | +8.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.85% | 13.51% | +8.34% |
TSME vs. TMVE - Expense Ratio Comparison
TSME has a 0.65% expense ratio, which is higher than TMVE's 0.55% expense ratio.
Dividends
TSME vs. TMVE - Dividend Comparison
TSME's dividend yield for the trailing twelve months is around 0.14%, more than TMVE's 0.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
TMVE Thrivent Mid Cap Value ETF | 0.10% | 0.12% | 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
TSME and TMVE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
TMVE is cheaper with a 0.55% expense ratio, compared with 0.65% for TSME.
TSME has the higher dividend yield at 0.14%, compared with 0.10% for TMVE.
TSME is categorized as Mid Cap Blend Equities, while TMVE is Mid Cap Value Equities. Their fees differ too: 0.65% for TSME and 0.55% for TMVE.
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