XMVM vs. TMVE
XMVM (Invesco S&P MidCap Value with Momentum ETF) and TMVE (Thrivent Mid Cap Value ETF) are both exchange-traded funds - XMVM is a Momentum fund tracking the S&P MidCap 400 High Momentum Value Index, while TMVE is a Mid Cap Value Equities fund tracking the Actively Managed. Both are passively managed. Their 0.79 correlation means they have sometimes moved together and sometimes differently. XMVM charges 0.39%/yr vs 0.55%/yr for TMVE.
Performance
XMVM vs. TMVE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with XMVM having a 18.13% return and TMVE slightly higher at 18.65%.
XMVM
- 1D
- 0.59%
- 1M
- 5.73%
- 6M
- 13.53%
- YTD
- 18.13%
- 1Y
- 39.09%
- 3Y*
- 18.08%
- 5Y*
- 12.87%
- 10Y*
- 12.28%
- ALL TIME*
- 9.73%
TMVE
- 1D
- 0.67%
- 1M
- 0.25%
- 6M
- 12.50%
- YTD
- 18.65%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $144.58K | $91.35K | $550.80K | |
| $2.19M | $2.07M | $1.98M |
XMVM vs. TMVE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XMVM Invesco S&P MidCap Value with Momentum ETF | 18.13% | 6.85% |
TMVE Thrivent Mid Cap Value ETF | 18.65% | 6.04% |
Correlation
The correlation between XMVM and TMVE is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025 | 0.79 |
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Return for Risk
XMVM vs. TMVE — Risk / Return Rank
XMVM
TMVE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
XMVM vs. TMVE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap Value with Momentum ETF (XMVM) 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.
| XMVM | TMVE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.48 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.28 | — | — |
| Martin ratioReturn relative to average drawdown | 13.71 | — | — |
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Drawdowns
XMVM vs. TMVE - Drawdown Comparison
The maximum XMVM drawdown since its inception was -62.83%, which is greater than TMVE's maximum drawdown of -8.21%. Use the drawdown chart below to compare losses from any high point for XMVM and TMVE.
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Drawdown Indicators
| XMVM | TMVE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.83% | -8.21% | -54.62% |
Max Drawdown (1Y)Largest decline over 1 year | -9.18% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -24.12% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.12% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -45.07% | — | — |
Current DrawdownCurrent decline from peak | -0.12% | -0.63% | +0.51% |
Average DrawdownAverage peak-to-trough decline | -10.19% | -1.35% | -8.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | — | — |
Volatility
XMVM vs. TMVE - Volatility Comparison
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Volatility by Period
| XMVM | TMVE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.30% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 9.25% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.72% | 13.19% | +1.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.24% | 13.19% | +8.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.74% | 13.19% | +9.55% |
XMVM vs. TMVE - Expense Ratio Comparison
XMVM has a 0.39% expense ratio, which is lower than TMVE's 0.55% expense ratio.
Dividends
XMVM vs. TMVE - Dividend Comparison
XMVM's dividend yield for the trailing twelve months is around 1.78%, more than TMVE's 0.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
XMVM Invesco S&P MidCap Value with Momentum ETF | 1.78% | 2.07% | 1.43% | 1.57% | 1.76% | 1.10% | 1.37% | 1.73% | 2.87% | 2.22% | 2.27% | 2.58% |
Frequently Asked Questions
XMVM and TMVE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XMVM is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XMVM is cheaper with a 0.39% expense ratio, compared with 0.55% for TMVE.
XMVM has the higher dividend yield at 1.78%, compared with 0.10% for TMVE.
XMVM is categorized as Momentum, while TMVE is Mid Cap Value Equities. XMVM tracks S&P MidCap 400 High Momentum Value Index, while TMVE tracks Actively Managed. They also come from different issuers: Invesco and Thrivent. Their fees differ too: 0.39% for XMVM and 0.55% for TMVE.
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