WBIY vs. TMVE

Last updated Jun 4, 2026

WBIY (WBI Power Factor High Dividend ETF) and TMVE (Thrivent Mid Cap Value ETF) are both Mid Cap Value Equities funds - WBIY tracks the Solactive Power Factor High Dividend Index while TMVE tracks the Actively Managed. Both are passively managed. A 0.58 correlation means they provide meaningful diversification when combined. WBIY charges 0.97%/yr vs 0.55%/yr for TMVE.

Performance

WBIY vs. TMVE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WBI Power Factor High Dividend ETF (WBIY) 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, WBIY achieves a 10.00% return, which is significantly lower than TMVE's 14.73% return.

WBIY

• 1D: -1.12%
• 1M: 2.88%
• YTD: 10.00%
• 6M: 10.89%
• 1Y: 26.07%
• 3Y*: 16.50%
• 5Y*: 9.14%
• 10Y*: —

TMVE

• 1D: -0.23%
• 1M: 2.73%
• YTD: 14.73%
• 6M: 15.49%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WBIY vs. TMVE - Yearly Performance Comparison

	2026 (YTD)	2025
WBIY WBI Power Factor High Dividend ETF	10.00%	5.74%
TMVE Thrivent Mid Cap Value ETF	14.73%	6.04%

Correlation

The correlation between WBIY and TMVE is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025	0.58

Return for Risk

WBIY vs. TMVE — Risk / Return Rank

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

WBIY

WBIY Risk / Return Rank: 58
WBIY Sharpe Ratio Rank: 50
WBIY Sortino Ratio Rank: 57
WBIY Omega Ratio Rank: 50
WBIY Calmar Ratio Rank: 77
WBIY Martin Ratio Rank: 57

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.

WBIY vs. TMVE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WBI Power Factor High Dividend ETF (WBIY) 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.

	WBIY	TMVE	Difference
Sharpe ratio: Return per unit of total volatility	1.74	—	—
Sortino ratio: Return per unit of downside risk	2.74	—	—
Omega ratio: Gain probability vs. loss probability	1.31	—	—
Calmar ratio: Return relative to maximum drawdown	3.95	—	—
Martin ratio: Return relative to average drawdown	9.97	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	WBIY	TMVE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.74	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	3.18	-2.81

Drawdowns

WBIY vs. TMVE - Drawdown Comparison

The maximum WBIY drawdown since its inception was -48.71%, which is greater than TMVE's maximum drawdown of -8.21%. Use the drawdown chart below to compare losses from any high point for WBIY and TMVE.

Drawdown Indicators

	WBIY	TMVE	Difference
Max Drawdown Largest peak-to-trough decline	-48.71%	-8.21%	-40.50%
Max Drawdown (1Y) Largest decline over 1 year	-6.63%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-19.37%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.97%	—	—
Current Drawdown Current decline from peak	-1.83%	-0.23%	-1.60%
Average Drawdown Average peak-to-trough decline	-7.12%	-1.54%	-5.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.62%	—	—

Volatility

Volatility by Period

	WBIY	TMVE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.71%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.94%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.14%	13.94%	+1.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.51%	13.94%	+4.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.65%	13.94%	+8.71%

WBIY vs. TMVE - Expense Ratio Comparison

WBIY has a 0.97% expense ratio, which is higher than TMVE's 0.55% expense ratio.

Dividends

WBIY vs. TMVE - Dividend Comparison

WBIY's dividend yield for the trailing twelve months is around 4.41%, more than TMVE's 0.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
TMVE Thrivent Mid Cap Value ETF	0.10%	0.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
WBIY WBI Power Factor High Dividend ETF	4.41%	4.73%	4.57%	4.87%	4.40%	3.94%	5.10%	4.54%	3.25%	5.84%	0.01%

Frequently Asked Questions

Can I hold both WBIY and TMVE in my portfolio?

WBIY and TMVE have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WBIY 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, WBIY or TMVE?

TMVE is cheaper with a 0.55% expense ratio, compared with 0.97% for WBIY.

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

WBIY has the higher dividend yield at 4.41%, compared with 0.10% for TMVE.

What is the main difference between WBIY and TMVE?

WBIY tracks Solactive Power Factor High Dividend Index, while TMVE tracks Actively Managed. They also come from different issuers: WBI and Thrivent. Their fees differ too: 0.97% for WBIY and 0.55% for TMVE.