TSMEvsFADETF Comparison
VS
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. TSME's top 3 sector exposures are Technology, Industrials and Non-Energy Materials. In contrast, FAD's top sector exposures are 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 15.83% year-to-date (YTD) with -$5M in YTD flows. FAD performs worse with 14.78% YTD performance, and +$145M 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.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
TSME vs FAD performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TSME FAD | -4.78%-3.63% | +2.44%+5.26% | +15.83%+14.78% | +25.36%+23.58% | +62.42%+73.87% | n/a+58.34% |
| Flows | TSME FAD | +$25M+$38M | -$32M+$102M | -$5M+$145M | +$294M+$192M | +$572M+$234M | -+$224M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TSME FAD | +25.03%+23.49% | +22.45%+20.25% | +21.94%+19.83% | n/a+21.34% |
| Max drawdown | TSME FAD | -8.47%-8.12% | -14.69%-10.70% | -26.79%-23.51% | n/a-31.99% |
| Max drawdown duration | TSME FAD | 24d23d | 54d81d | 255d230d | n/a967d |
Trading data
TSME | FAD | |
Last sale 7/24/2026 at 1:30 PM | $48.18 | $184.04 |
| Previous close 07/23/2026 | $48.76 | $185.78 |
| Consolidated volume 07/23/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 2026
1-year trailing difference
Create an account to view replication metrics
Join for free
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 | ||
Advertisement
Main metrics
Last update 7/24/2026 at 1:30 PM
Live
Closed
TSME | FAD | |
|---|---|---|
| Last price | $48.18 | $184.04 |
| 1D performance | -1.19% | -0.94% |
| AuM | $960.02 M | $575.35 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 | 68 | 666 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 5, 2022 | May 8, 2007 |
| ESG | No | No |
Advertisement
Exposure
Countries
TSME
USA
90.75%
Other
9.25%
FAD
USA
97.42%
Other
2.58%
Sectors
TSME
Technology
25.16%
Industrials
24.39%
Non-Energy Materi.
10.06%
Finance
9.26%
Healthcare
9.23%
Consumer Non-Cycl.
8.25%
Other
13.65%
FAD
Technology
24.86%
Industrials
22.02%
Healthcare
15.92%
Finance
12.64%
Other
24.56%
Advertisement
Diversification
TSME
Total weight of top 15 holdings out of 15
36.44%
FAD
Total weight of top 15 holdings out of 15
10.99%
Top 15 holdings
Data as of June 30, 2026
TSME
Enova International, Inc.
3.14%
Bel Fuse, Inc.
3.13%
SharkNinja, Inc.
2.97%
Modine Manufacturing Co.
2.60%
Littelfuse, Inc.
2.58%
CECO Environmental Corp.
2.57%
LSI Industries, Inc.
2.56%
Element Solutions, Inc.
2.29%
Viking Holdings Ltd. (Bermuda)
2.27%
Coherent Corp.
2.20%
Limbach Holdings, Inc.
2.11%
Turning Point Brands, Inc.
2.07%
Ryder System, Inc.
2.05%
Penguin Solutions, Inc.
1.94%
FTAI Aviation Ltd.
1.94%
FAD
Sandisk Corp.
1.16%
Micron Technology, Inc.
1.11%
Dell Technologies, Inc.
0.94%
Seagate Technology Holdings Plc
0.85%
Marvell Technology, Inc.
0.80%
Western Digital Corp.
0.80%
Advanced Micro Devices, Inc.
0.77%
MKS, Inc.
0.65%
Bloom Energy Corp.
0.62%
Corning, Inc.
0.59%
MACOM Technology Solutions Holdings, Inc.
0.57%
Applied Materials, Inc.
0.55%
MaxLinear, Inc.
0.53%
Lam Research Corp.
0.53%
Teradyne, Inc.
0.52%
Frequently asked questions about TSME and FAD
How have the TSME and FAD ETFs performed in 2026?
As of July 24, 2026, TSME is up 15.83% year-to-date (YTD), while FAD has returned 14.78%. That puts TSME better performer ahead so far this year.
Which ETF is attracting more investor money: TSME or FAD?
Year-to-date, the TSME ETF saw -$5M in flows, compared to +$145M for FAD.
Which ETF is more volatile: TSME or FAD?
Over the past year, TSME had a volatility of 22.45%, while FAD experienced 20.25%.
Which ETF is bigger: TSME or FAD?
As of July 24, 2026, TSME holds $960.02 M in assets under management (AUM), while FAD manages $575.35 M.
What sectors do the TSME and FAD ETFs invest in?
TSME leans toward sectors like Technology, Industrials and Non-Energy Materials. Meanwhile, FAD focuses on Technology, Industrials and Healthcare.
What are the top holdings of the TSME ETF and FAD ETF?
TSME top holdings include Enova International, Inc., Bel Fuse, Inc. and SharkNinja, Inc.. FAD holds in its top three: Sandisk Corp., Micron Technology, Inc. and Dell Technologies, Inc..
Which ETF is more diversified: TSME or FAD?
TSME holds 68 securities with 36.44% of its assets in the top 15. FAD has 666 securities and a top 15 weight of 10.99%.
Advertisement
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
Advertisement
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
Advertisement
