TMVE vs VOO
Thrivent Mid Cap Value ETF vs Vanguard S&P 500 ETF
Which is better, TMVE or VOO?
Mid Cap Value against Large Cap Blend.
VOO 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 39.1%.
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 | TMVE | VOO |
|---|---|---|
| Expense Ratio | 0.55% | 0.03%Best |
| AUM | $300M | $1.0T |
| Dividend Yield | 0.10% | 1.05% |
| Holdings | 87 | 519 |
| YTD Return | +18.18%Best | +11.31% |
| 1Y Return | +26.78%Best | +13.49% |
| 3Y Return (annualized) | - | +20.46% |
| 5Y Return (annualized) | - | +11.61% |
| Volatility (annualized) | 14.2% | 13.4%Best |
| Top 10 Weight | 19.6%Best | 39.1% |
| Fund Family | Thrivent Funds | Vanguard (US) |
| Category | Equity | Equity |
| Style | Mid Cap Value | Large Cap Blend |
| Inception | Nov 17, 2025 | Sep 7, 2010 |
Not shown on this pair: Max Drawdown, $10,000 over the window.
TMVE vs VOO 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.
TMVE vs VOO Performance
Thrivent Mid Cap Value ETF (TMVE) is an ETF from Thrivent Funds and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year TMVE returned +26.78% while VOO returned +13.49%. Year to date, TMVE is up 18.18% versus a gain of 11.31% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TMVE has been the more volatile fund, with annualized monthly volatility of 14.2% compared with 13.4% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The two funds' monthly returns correlate at 0.57. They move together some of the time, and apart the rest.
Fees and Cost Over Time
TMVE charges 0.55% per year while VOO charges 0.03%. On a $10,000 position that is $55 vs $3 annually, a gap of $52 per year that compounds over a long holding period. On income, TMVE currently yields 0.10% against 1.05% for VOO.
Holdings Overlap
54.5% of TMVE's money is in holdings VOO also owns. 5.2% of VOO's money is in holdings TMVE also owns.
The two portfolios partly overlap.
45 positions in common, counted across the 84 positions we hold weights for in TMVE and 506 in VOO, against full books of 87 and 519.
What only one of them owns
Our book lists 456 positions for VOO that do not appear in our book for TMVE (94.8% of the fund), and 30 for TMVE that do not appear in VOO (34.0%).
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 TMVE | Weight in VOO | Difference |
|---|---|---|---|
| ICEInterContinental Hotels Group PLC Ord Gbp0.208521303 | 2.21% | 0.13% | 2.08% |
| USBUs Bank Na Cincinnati | 2.03% | 0.14% | 1.89% |
| AIGAmerican International Group Inc | 2.04% | 0.06% | 1.98% |
| MTBM&t Bank Corp. | 2.05% | 0.05% | 2.00% |
| COFCapital One Financial Corp. | 1.85% | 0.18% | 1.67% |
| JNJJohnson & Johnson - Common | 1.04% | 0.97% | 0.07% |
| PPGPpg Industries Inc. | 1.91% | 0.04% | 1.87% |
| SYYSysco Corp. | 1.86% | 0.06% | 1.80% |
| GDGeneral Dynamics Corp. | 1.78% | 0.13% | 1.65% |
| TMOThermo Fisherscientific Inc. | 1.49% | 0.38% | 1.11% |
54.5% of TMVE is already inside VOO.
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, TMVE or VOO?
TMVE has an expense ratio of 0.55% while VOO charges 0.03%. VOO is the cheaper option, by $52 a year on a $10,000 investment.
Which performed better, TMVE or VOO?
Over the past year TMVE returned +26.78% vs +13.49% for VOO, so TMVE leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, TMVE or VOO?
TMVE has been the more volatile fund at 14.2% annualized versus 13.4% for VOO.
Should I hold both TMVE and VOO?
TMVE and VOO have a monthly-return correlation of 0.57, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between TMVE and VOO?
54.5% of TMVE's money is in holdings VOO also owns. 5.2% of VOO's is in holdings TMVE also owns. They hold 45 positions in common, counted across the 84 positions we hold weights for in TMVE and 506 in VOO.
Which pays a higher dividend, TMVE or VOO?
TMVE yields 0.10% while VOO yields 1.05%, so VOO currently pays the higher dividend yield.
Is VOO better than TMVE?
VOO 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 39.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.