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TMVEvsPAPIETF Comparison

ETF 1

TMVE

Thrivent Mid Cap Value ETF

This fund is part of

US Mid Cap Value

-0.25%

Full TMVE fund page

VS

ETF 2

PAPI

Parametric Equity Premium Income ETF

This fund is part of

Options Strategies

-0.03%

Full PAPI fund page

Thrivent Mid Cap Value ETF (TMVE) belongs to the US Mid Cap Value segment. Parametric Equity Premium Income ETF (PAPI) is part of the Options Strategies segment. TMVE's top 3 sector exposures are Industrials, Financials and Utilities. In contrast, PAPI's top sector exposures are Energy, Information Technology and Consumer Discretionary. TMVE is more expensive with a Total Expense Ratio (TER) of 0.55%, versus 0.29% for PAPI. TMVE is up 11.18% year-to-date (YTD) with +$124K in YTD flows. PAPI performs worse with 5.33% YTD performance, and +$88M in YTD flows. Run a side-by-side ETF comparison of TMVE and PAPI below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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TMVE vs PAPI performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 04/28/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	TMVE PAPI	+9.23%-1.89%	+5.99%+0.62%	+11.18%+5.33%	n/a+13.30%	n/an/a	n/an/a
Flows	TMVE PAPI	-$29K+$30M	-$26K+$78M	+$124K+$88M	-+$163M	--	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	TMVE PAPI	+15.72%+10.14%	n/a+10.35%	n/an/a	n/an/a
Max drawdown	TMVE PAPI	-8.31%-5.39%	n/a-5.39%	n/an/a	n/an/a
Max drawdown duration	TMVE PAPI	53d57d	n/a57d	n/an/a	n/an/a

Trading data

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	TMVE	PAPI
Last sale 4/30/2026 at 1:46 PM	$16.78	$26.63
Previous close 04/29/2026	$16.78	$26.67
Consolidated volume 04/29/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Main metrics

Last update 4/30/2026 at 1:46 PM

Live

Closed

	TMVE	PAPI
Last price	$16.78	$26.63
1D performance	+0.00%	-0.15%
AuM	$304.51 M	$365.11 M
E/R	0.55%	0.29%

Characteristics

	TMVE	PAPI
Management strategy	Active	Active
Provider	Thrivent Asset Management	Morgan Stanley
Benchmark	-	-
N° of holdings	75	183
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	November 17, 2025	October 19, 2023
ESG	No	No

More TMVE data on Trackinsight

More PAPI data on Trackinsight

Exposure

Countries

TMVE

USA

87.3%

Other

12.7%

PAPI

USA

88.73%

Other

11.27%

Sectors

TMVE

Industrials

17.1%

Financials

14.61%

Utilities

8.83%

Energy

8.77%

Information Techn.

7.38%

Materials

7.13%

Other

36.18%

PAPI

Energy

11.8%

Information Techn.

11.24%

Consumer Discreti.

10.11%

Utilities

9.9%

Materials

9.88%

Industrials

9.4%

Other

37.67%

Diversification

TMVE

Total weight of top 15 holdings out of 15

27.94%

PAPI

Total weight of top 15 holdings out of 15

10.87%

Top 15 holdings

Data as of March 31, 2026

TMVE

M&T BANK

2.41%

MKS INSTRUMENTS

2.16%

HEXCEL

2.01%

GENERAL DYNAMICS

2.00%

US

1.98%

CROWN HOLDINGS

1.98%

US5049221055

1.85%

HOST HOTELS & RESORTS REIT

1.80%

WYNDHAM HOTELS & RESORTS

1.77%

SIMMONS FIRST NATIONAL

1.70%

ENTERPRISE PRODUCTS PARTNERS UNT

1.68%

JOHNSON&JOHNSON

1.68%

CELANESE SR

1.68%

CHARLES SCHWAB

1.67%

DIAMONDBACK ENERGY

1.59%

PAPI

PATTERSON UTI

0.84%

US71424F1057

0.82%

CORNING

0.76%

VALERO ENERGY

0.75%

LYONDELLBASELL INDUSTRIES

0.74%

GB00BMXNWH07

0.73%

PHILLIPS 66

0.73%

MAGNOLIA OIL AND GAS CORP

0.72%

CHORD ENERGY CORPORATION

0.70%

EXXON

0.69%

DOW INC

0.69%

CHEVRON TEXACO

0.69%

INTERNATIONAL SEAWAYS

0.68%

ROYALTY PHARMA

0.67%

COTERRA ENERGY

0.67%

Frequently asked questions about TMVE and PAPI

How have the TMVE and PAPI ETFs performed in 2026?

As of April 28, 2026, TMVE is up 11.18% year-to-date (YTD), while PAPI has returned 5.33%. That puts TMVE better performer ahead so far this year.

Which ETF is attracting more investor money: TMVE or PAPI?

Year-to-date, the TMVE ETF saw +$124K in flows, compared to +$88M for PAPI.

Which ETF is bigger: TMVE or PAPI?

As of April 28, 2026, TMVE holds $304.51 M in assets under management (AUM), while PAPI manages $365.11 M.

What sectors do the TMVE and PAPI ETFs invest in?

TMVE leans toward sectors like Industrials, Financials and Utilities. Meanwhile, PAPI focuses on Energy, Information Technology and Consumer Discretionary.

What are the top holdings of the TMVE ETF and PAPI ETF?

TMVE top holdings include M&T BANK, MKS INSTRUMENTS and HEXCEL. PAPI holds in its top three: PATTERSON UTI, US71424F1057 and CORNING.

Which ETF is more diversified: TMVE or PAPI?

TMVE holds 78 securities with 27.94% of its assets in the top 15. PAPI has 188 securities and a top 15 weight of 10.87%.

What's the Fund | Thrivent Mid Cap Value ETF (Ticker: TMVE)

March 6, 2026

TMVE

TMVEvsPAPIETF Comparison

Thrivent Mid Cap Value ETF

Parametric Equity Premium Income ETF

TMVE vs PAPI performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the TMVE and PAPI ETFs performed in 2026?

As of April 28, 2026, TMVE is up 11.18% year-to-date (YTD), while PAPI has returned 5.33%. That puts TMVE better performer ahead so far this year.

Which ETF is attracting more investor money: TMVE or PAPI?

Year-to-date, the TMVE ETF saw +$124K in flows, compared to +$88M for PAPI.

Which ETF is bigger: TMVE or PAPI?

As of April 28, 2026, TMVE holds $304.51 M in assets under management (AUM), while PAPI manages $365.11 M.

What sectors do the TMVE and PAPI ETFs invest in?

TMVE leans toward sectors like Industrials, Financials and Utilities. Meanwhile, PAPI focuses on Energy, Information Technology and Consumer Discretionary.

What are the top holdings of the TMVE ETF and PAPI ETF?

TMVE top holdings include M&T BANK, MKS INSTRUMENTS and HEXCEL. PAPI holds in its top three: PATTERSON UTI, US71424F1057 and CORNING.

Which ETF is more diversified: TMVE or PAPI?

TMVE holds 78 securities with 27.94% of its assets in the top 15. PAPI has 188 securities and a top 15 weight of 10.87%.

What's the Fund | Thrivent Mid Cap Value ETF (Ticker: TMVE)

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