TSMEvsFNYETF Comparison
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Thrivent Small-Mid Cap Equity ETF (TSME) belongs to the US Multi-Factor segment. First Trust Mid Cap Growth AlphaDEX Fund ETF (FNY) is part of the US Mid Cap Growth segment. TSME's top 3 sector exposures are Technology, Industrials and Healthcare. In contrast, FNY's top sector exposures are Healthcare, Industrials and Technology. TSME is less expensive with a Total Expense Ratio (TER) of 0.65%, versus 0.73% for FNY. TSME is up 11.01% year-to-date (YTD) with -$54M in YTD flows. FNY performs better with 11.19% YTD performance, and +$58M in YTD flows. Run a side-by-side ETF comparison of TSME and FNY 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 FNY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/10/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TSME FNY | -7.31%-4.56% | -2.53%-1.68% | +11.01%+11.19% | +10.78%+13.75% | +60.80%+61.10% | n/a+36.04% |
| Flows | TSME FNY | -$57M-$133K | -$21M+$27M | -$54M+$58M | +$237M+$77M | +$523M+$123M | -+$3M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TSME FNY | +23.84%+20.26% | +23.31%+21.16% | +22.34%+21.05% | n/a+22.49% |
| Max drawdown | TSME FNY | -11.63%-9.74% | -14.69%-12.05% | -26.79%-24.97% | n/a-33.90% |
| Max drawdown duration | TSME FNY | 72d71d | 54d84d | 255d275d | n/a1045d |
Trading data
TSME | FNY | |
Last sale 9/11/2026 at 1:30 PM | $46.97 | $100.93 |
| Previous close 09/10/2026 | $46.13 | $99.94 |
| Consolidated volume 09/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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TSME
is actively managed and doesn’t replicate an indexTSME | FNY | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/11/2026 at 1:30 PM
Live
Closed
TSME | FNY | |
|---|---|---|
| Last price | $46.97 | $100.93 |
| 1D performance | +1.82% | +0.99% |
| AuM | $872.03 M | $572.44 M |
| E/R | 0.65% | 0.73% |
Characteristics
TSME | FNY | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Thrivent Asset Management | First Trust |
| Benchmark | - | NASDAQ AlphaDEX Mid Cap Growth Index |
| N° of holdings | 64 | 224 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 5, 2022 | April 19, 2011 |
| ESG | No | No |
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Exposure
Countries
TSME
USA
89.94%
Other
10.06%
FNY
USA
98.66%
Other
1.34%
Sectors
TSME
Technology
24.7%
Industrials
23.7%
Healthcare
11.69%
Finance
11.56%
Consumer Non-Cycl.
8.94%
Other
19.41%
FNY
Healthcare
22.7%
Industrials
19.51%
Technology
17.34%
Finance
16.74%
Other
23.71%
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Diversification
TSME
Total weight of top 15 holdings out of 15
35.46%
FNY
Total weight of top 15 holdings out of 15
12.39%
Top 15 holdings
Data as of July 31, 2026
TSME
SharkNinja, Inc.
3.43%
Enova International, Inc.
3.37%
Littelfuse, Inc.
2.81%
LSI Industries, Inc.
2.53%
Bel Fuse, Inc.
2.49%
Viking Holdings Ltd. (Bermuda)
2.43%
Ryder System, Inc.
2.24%
Limbach Holdings, Inc.
2.20%
Federal Agricultural Mortgage Corp.
2.12%
OneMain Holdings, Inc.
2.11%
Turning Point Brands, Inc.
2.05%
Casey's General Stores, Inc.
2.03%
InterDigital, Inc.
1.93%
Modine Manufacturing Co.
1.87%
Penguin Solutions, Inc.
1.86%
FNY
Zeta Global Holdings Corp.
0.88%
H&R Block, Inc.
0.87%
Guardant Health, Inc.
0.87%
Corcept Therapeutics, Inc.
0.87%
Tutor Perini Corp.
0.85%
Etsy, Inc.
0.84%
Halozyme Therapeutics, Inc.
0.84%
Glaukos Corp.
0.82%
Frontdoor, Inc.
0.82%
Victoria's Secret & Co.
0.81%
Amneal Pharmaceuticals, Inc.
0.81%
PACS Group, Inc.
0.80%
Coca-Cola Consolidated, Inc.
0.77%
Madison Square Garden Sports Corp.
0.77%
Enova International, Inc.
0.77%
Frequently asked questions about TSME and FNY
How have the TSME and FNY ETFs performed in 2026?
As of September 10, 2026, TSME is up 11.01% year-to-date (YTD), while FNY has returned 11.19%. That puts FNY better performer ahead so far this year.
Which ETF is attracting more investor money: TSME or FNY?
Year-to-date, the TSME ETF saw -$54M in flows, compared to +$58M for FNY.
Which ETF is more volatile: TSME or FNY?
Over the past year, TSME had a volatility of 23.31%, while FNY experienced 21.16%.
Which ETF is bigger: TSME or FNY?
As of September 10, 2026, TSME holds $872.03 M in assets under management (AUM), while FNY manages $572.44 M.
What sectors do the TSME and FNY ETFs invest in?
TSME leans toward sectors like Technology, Industrials and Healthcare. Meanwhile, FNY focuses on Healthcare, Industrials and Technology.
What are the top holdings of the TSME ETF and FNY ETF?
TSME top holdings include SharkNinja, Inc., Enova International, Inc. and Littelfuse, Inc.. FNY holds in its top three: Zeta Global Holdings Corp., H&R Block, Inc. and Guardant Health, Inc..
Which ETF is more diversified: TSME or FNY?
TSME holds 64 securities with 35.46% of its assets in the top 15. FNY has 224 securities and a top 15 weight of 12.39%.
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Latest news about TSME & FNY
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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