SPY vs TMVE
State Street SPDR S&P 500 ETF Trust vs Thrivent Mid Cap Value ETF
Quick Verdict
SPY has a lower expense ratio. TMVE delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SPY | TMVE | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.55% | |
| AUM | $821.1B | $299M | |
| Dividend Yield | 1.01% | 0.10% | |
| Holdings | 505 | 85 | |
| YTD Return | +13.47% | +17.27% | |
| 1Y Return | +20.57% | - | |
| 3Y Return (annualized) | +21.83% | - | |
| 5Y Return (annualized) | +12.88% | - | |
| Volatility (annualized) | 15.3% | - | |
| Max Drawdown | -56.5% | -8.2% | |
| Fund Family | State Street Investment Management | Thrivent Funds | |
| Category | Equity | Equity | |
| Inception | Jan 22, 1993 | Nov 17, 2025 |
SPY vs TMVE Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Thrivent Mid Cap Value ETF (TMVE) is a ETF from Thrivent Funds. Year to date, SPY is up 13.47% versus a gain of 17.27% for TMVE.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -56.5% for SPY and -8.2% for TMVE. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
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 1.01% against 0.10% for TMVE.
Holdings Overlap
SPY and TMVE share 45 holdings out of 543 unique holdings combined, representing a 5.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $46 per year of difference.
What is the holdings overlap between SPY and TMVE?
SPY and TMVE share 45 common holdings with a 5.2% weight overlap. Combined, they hold 543 unique securities.
Which pays a higher dividend, SPY or TMVE?
SPY yields 1.01% while TMVE yields 0.10%, so SPY currently pays the higher dividend yield.
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