TSMEvsFADETF Comparison
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Thrivent Small-Mid Cap Equity ETF (TSME) and First Trust Multi Cap Growth AlphaDEX Fund ETF (FAD) belong to the same industry segment: US Multi-Factor. Both ETFs have the same top 3 sector exposures: Technology, Industrials and Healthcare. TSME is more expensive with a Total Expense Ratio (TER) of 0.65%, versus 0.63% for FAD. TSME is up 9.14% year-to-date (YTD) with -$29M in YTD flows. FAD performs better with 11.43% YTD performance, and +$190M in YTD flows. Run a side-by-side ETF comparison of TSME and FAD 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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TSME vs FAD performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TSME FAD | -0.77%-0.72% | -6.14%-2.41% | +9.14%+11.43% | +7.11%+8.53% | +80.73%+95.49% | n/a+48.83% |
| Flows | TSME FAD | +$19M+$9M | -$25M+$45M | -$29M+$190M | +$151M+$206M | +$550M+$290M | -+$245M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TSME FAD | +21.52%+18.51% | +23.37%+20.74% | +22.33%+20.01% | n/a+21.48% |
| Max drawdown | TSME FAD | -13.60%-9.76% | -15.13%-12.44% | -26.79%-23.51% | n/a-31.99% |
| Max drawdown duration | TSME FAD | 71d71d | 119d119d | 255d230d | n/a967d |
Trading data
TSME | FAD | |
Last sale 10/28/2026 at 1:30 PM | $46.03 | $181.38 |
| Previous close 10/27/2026 | $45.50 | $180.32 |
| Consolidated volume 10/27/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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TSME
is actively managed and doesn’t replicate an indexTSME | FAD | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/28/2026 at 1:30 PM
Live
Closed
TSME | FAD | |
|---|---|---|
| Last price | $46.03 | $181.38 |
| 1D performance | +1.16% | +0.59% |
| AuM | $881.41 M | $603.42 M |
| E/R | 0.65% | 0.63% |
Characteristics
TSME | FAD | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Thrivent Asset Management | First Trust |
| Benchmark | - | NASDAQ AlphaDEX Multi Cap Growth Index |
| N° of holdings | 65 | 666 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 5, 2022 | May 8, 2007 |
| ESG | No | No |
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Exposure
Countries
TSME
USA
87.09%
Other
12.91%
FAD
USA
96.36%
Other
3.64%
Sectors
TSME
Technology
23.86%
Industrials
21.69%
Healthcare
12.77%
Finance
11.18%
Consumer Non-Cycl.
7.89%
Non-Energy Materi.
7.44%
Other
15.16%
FAD
Technology
23.97%
Industrials
19.43%
Healthcare
18%
Finance
14.62%
Other
23.98%
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Diversification
TSME
Total weight of top 15 holdings out of 15
32.95%
FAD
Total weight of top 15 holdings out of 15
7.11%
Top 15 holdings
Data as of August 31, 2026
TSME
SharkNinja, Inc.
3.08%
Enova International, Inc.
2.83%
Littelfuse, Inc.
2.47%
Turning Point Brands, Inc.
2.27%
Bel Fuse, Inc.
2.23%
Ryder System, Inc.
2.18%
LSI Industries, Inc.
2.17%
InterDigital, Inc.
2.16%
OneMain Holdings, Inc.
2.10%
Federal Agricultural Mortgage Corp.
2.09%
CECO Environmental Corp.
1.95%
GeneDx Holdings Corp.
1.93%
Installed Building Products, Inc.
1.86%
Climb Global Solutions, Inc.
1.83%
Viking Holdings Ltd. (Bermuda)
1.80%
FAD
Incyte Corp.
0.54%
Fortinet, Inc.
0.51%
Interactive Brokers Group, Inc.
0.51%
Lumentum Holdings, Inc.
0.50%
Morgan Stanley
0.49%
Dell Technologies, Inc.
0.48%
Everpure, Inc.
0.47%
eBay, Inc.
0.46%
Natera, Inc.
0.46%
Illumina, Inc.
0.46%
Amphenol Corp.
0.45%
Keysight Technologies, Inc.
0.45%
Cincinnati Financial Corp.
0.45%
Analog Devices, Inc.
0.44%
CrowdStrike Holdings, Inc.
0.44%
Frequently asked questions about TSME and FAD
How have the TSME and FAD ETFs performed in 2026?
As of October 27, 2026, TSME is up 9.14% year-to-date (YTD), while FAD has returned 11.43%. That puts FAD better performer ahead so far this year.
Which ETF is attracting more investor money: TSME or FAD?
Year-to-date, the TSME ETF saw -$29M in flows, compared to +$190M for FAD.
Which ETF is more volatile: TSME or FAD?
Over the past year, TSME had a volatility of 23.37%, while FAD experienced 20.74%.
Which ETF is bigger: TSME or FAD?
As of October 27, 2026, TSME holds $881.41 M in assets under management (AUM), while FAD manages $603.42 M.
What sectors do the TSME and FAD ETFs invest in?
TSME leans toward sectors like Technology, Industrials and Healthcare. Meanwhile, FAD focuses on Technology, Industrials and Healthcare.
What are the top holdings of the TSME ETF and FAD ETF?
TSME top holdings include SharkNinja, Inc., Enova International, Inc. and Littelfuse, Inc.. FAD holds in its top three: Incyte Corp., Fortinet, Inc. and Interactive Brokers Group, Inc..
Which ETF is more diversified: TSME or FAD?
TSME holds 65 securities with 32.95% of its assets in the top 15. FAD has 666 securities and a top 15 weight of 7.11%.
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Latest news about TSME & FAD
What's the Fund | Thrivent Small-Mid Cap Equity ETF (Ticker: TSME)
March 6, 2026
TSME
Putting The Pieces Together of a Small-Mid Cap ESG ETF
October 5, 2023
TSME
Exploring Actively Managed ETFs and Thrivent's SMID Cap Strategy
May 19, 2023
TSME
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Understanding US Multi-Factor Investing
May 9, 2023
TSME
Understanding US Multi-Factor Investing
May 9, 2023
TSME
Chad Miller on Thrivent's Small Mid Cap ESG ETF (TSME)
April 25, 2023
TSME
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