TSME vs. TSM

Last updated Apr 1, 2026

Compare and contrast key facts about Thrivent Small-Mid Cap ESG ETF (TSME) and Taiwan Semiconductor Manufacturing Company Limited (TSM).

TSME is an actively managed fund by Thrivent. It was launched on Oct 5, 2022.

Performance

TSME vs. TSM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Thrivent Small-Mid Cap ESG ETF (TSME) and Taiwan Semiconductor Manufacturing Company Limited (TSM). The values are adjusted to include any dividend payments, if applicable.

TSME vs. TSM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
TSME Thrivent Small-Mid Cap ESG ETF	-0.14%	13.79%	18.98%	17.82%	2.41%
TSM Taiwan Semiconductor Manufacturing Company Limited	11.52%	55.91%	92.58%	42.33%	0.58%

Returns By Period

In the year-to-date period, TSME achieves a -0.14% return, which is significantly lower than TSM's 11.52% return.

TSME

• 1D: 3.94%
• 1M: -9.63%
• YTD: -0.14%
• 6M: 0.38%
• 1Y: 25.11%
• 3Y*: 14.70%
• 5Y*: —
• 10Y*: —

TSM

• 1D: 6.78%
• 1M: -9.52%
• YTD: 11.52%
• 6M: 21.66%
• 1Y: 106.05%
• 3Y*: 56.00%
• 5Y*: 24.08%
• 10Y*: 32.45%

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

Return for Risk

TSME vs. TSM — Risk / Return Rank

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

TSME

TSME Risk / Return Rank: 60
TSME Sharpe Ratio Rank: 57
TSME Sortino Ratio Rank: 60
TSME Omega Ratio Rank: 55
TSME Calmar Ratio Rank: 69
TSME Martin Ratio Rank: 58

TSM

TSM Risk / Return Rank: 95
TSM Sharpe Ratio Rank: 96
TSM Sortino Ratio Rank: 94
TSM Omega Ratio Rank: 92
TSM Calmar Ratio Rank: 96
TSM Martin Ratio Rank: 97

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. TSM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Thrivent Small-Mid Cap ESG ETF (TSME) and Taiwan Semiconductor Manufacturing Company Limited (TSM). 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.

	TSME	TSM	Difference
Sharpe ratio Return per unit of total volatility	1.02	2.76	-1.74
Sortino ratio Return per unit of downside risk	1.54	3.33	-1.78
Omega ratio Gain probability vs. loss probability	1.21	1.42	-0.21
Calmar ratio Return relative to maximum drawdown	1.75	5.90	-4.15
Martin ratio Return relative to average drawdown	5.80	20.02	-14.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TSME vs. TSM - Sharpe Ratio Comparison

The current TSME Sharpe Ratio is 1.02, which is lower than the TSM Sharpe Ratio of 2.76. The chart below compares the historical Sharpe Ratios of TSME and TSM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TSME	TSM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.02	2.76	-1.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.66	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.96	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	0.35	+0.36

Correlation

The correlation between TSME and TSM is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

TSME vs. TSM - Dividend Comparison

TSME's dividend yield for the trailing twelve months is around 0.17%, less than TSM's 0.98% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TSME Thrivent Small-Mid Cap ESG ETF	0.17%	0.17%	0.38%	0.53%	0.16%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TSM Taiwan Semiconductor Manufacturing Company Limited	0.98%	1.00%	1.18%	1.78%	2.49%	1.57%	1.56%	3.46%	3.64%	2.32%	2.61%	2.54%

Drawdowns

TSME vs. TSM - Drawdown Comparison

The maximum TSME drawdown since its inception was -26.59%, smaller than the maximum TSM drawdown of -89.08%. Use the drawdown chart below to compare losses from any high point for TSME and TSM.

Drawdown Indicators

	TSME	TSM	Difference
Max Drawdown Largest peak-to-trough decline	-26.59%	-89.08%	+62.49%
Max Drawdown (1Y) Largest decline over 1 year	-14.72%	-18.14%	+3.42%
Max Drawdown (5Y) Largest decline over 5 years	—	-56.47%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-56.47%	—
Current Drawdown Current decline from peak	-11.36%	-12.59%	+1.23%
Average Drawdown Average peak-to-trough decline	-5.29%	-43.13%	+37.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.44%	5.34%	-0.90%

Volatility

TSME vs. TSM - Volatility Comparison

The current volatility for Thrivent Small-Mid Cap ESG ETF (TSME) is 10.02%, while Taiwan Semiconductor Manufacturing Company Limited (TSM) has a volatility of 14.44%. This indicates that TSME experiences smaller price fluctuations and is considered to be less risky than TSM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSME	TSM	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.02%	14.44%	-4.42%
Volatility (6M) Calculated over the trailing 6-month period	15.71%	27.19%	-11.48%
Volatility (1Y) Calculated over the trailing 1-year period	24.72%	38.60%	-13.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.44%	36.99%	-15.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.44%	33.85%	-12.41%