SPY vs TMVE
State Street SPDR S&P 500 ETF Trust vs Thrivent Mid Cap Value ETF
Which is better, SPY or TMVE?
Large Cap Blend against Mid Cap Value.
SPY has a lower expense ratio. TMVE led over 1Y. TMVE is less concentrated, with 19.6% of the fund in its ten largest positions against 38.2%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | SPY | TMVE |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.55% |
| AUM | $811.2B | $283M |
| Dividend Yield | 0.98% | 0.10% |
| Holdings | 1,515 | 85 |
| YTD Return | +14.79%Best | +12.20% |
| 1Y Return | +18.62% | +20.37%Best |
| 3Y Return (annualized) | +23.21% | - |
| 5Y Return (annualized) | +13.92% | - |
| Top 10 Weight | 38.2% | 19.6%Best |
| Fund Family | State Street Investment Management | Thrivent Funds |
| Category | Equity | Equity |
| Style | Large Cap Blend | Mid Cap Value |
| Inception | Jan 22, 1993 | Nov 17, 2025 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
SPY vs TMVE growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
SPY vs TMVE Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and Thrivent Mid Cap Value ETF (TMVE) is an ETF from Thrivent Funds. Over the past year SPY returned +18.62% while TMVE returned +20.37%. Year to date, SPY is up 14.79% versus a gain of 12.20% for TMVE.
Past performance does not guarantee future results.
Fees and Cost Over Time
SPY charges 0.09% per year while TMVE charges 0.55%. On a $10,000 position that is $9 vs $55 annually, a gap of $46 per year that compounds over a long holding period. On income, SPY currently yields 0.98% against 0.10% for TMVE.
Holdings Overlap
5.1% of SPY's money is in holdings TMVE also owns. 54.8% of TMVE's money is in holdings SPY also owns.
The two portfolios partly overlap.
44 positions in common, counted across the 504 positions we hold weights for in SPY and 83 in TMVE, against full books of 1,515 and 85.
What only one of them owns
Our book lists 30 positions for TMVE that do not appear in our book for SPY (35.5% of the fund), and 453 for SPY that do not appear in TMVE (94.1%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in SPY | Weight in TMVE | Difference |
|---|---|---|---|
| USBUS Bancorp | 0.15% | 2.14% | 1.99% |
| ICEInternational Exchange, Inc. | 0.14% | 2.14% | 2.00% |
| MTBM&T Bank Corp | 0.05% | 2.23% | 2.18% |
| TMOThermo Fisherscientific Inc. | 0.35% | 1.77% | 1.42% |
| COFCapital One Financial Corp. | 0.20% | 1.87% | 1.67% |
| JNJJohnson & Johnson - Common | 0.98% | 1.07% | 0.09% |
| GDGeneral Dynamics Corp. | 0.14% | 1.83% | 1.69% |
| AIGAmerican International Gr | 0.06% | 1.91% | 1.85% |
| SYYSysco Corp | 0.06% | 1.87% | 1.81% |
| PPGPpg Industries Inc. | 0.04% | 1.85% | 1.81% |
54.8% of TMVE is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SPY or TMVE?
SPY has an expense ratio of 0.09% while TMVE charges 0.55%. SPY is the cheaper option, by $46 a year on a $10,000 investment.
Which performed better, SPY or TMVE?
Over the past year SPY returned +18.62% vs +20.37% for TMVE, so TMVE leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
What is the holdings overlap between SPY and TMVE?
54.8% of TMVE's money is in holdings SPY also owns. 54.8% of TMVE's is in holdings SPY also owns. They hold 44 positions in common, counted across the 504 positions we hold weights for in SPY and 83 in TMVE.
Which pays a higher dividend, SPY or TMVE?
SPY yields 0.98% while TMVE yields 0.10%, so SPY currently pays the higher dividend yield.
Is TMVE better than SPY?
SPY has a lower expense ratio. TMVE led over 1Y. TMVE is less concentrated, with 19.6% of the fund in its ten largest positions against 38.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.