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 10.42% year-to-date (YTD) with -$30M in YTD flows. FNY performs worse with 9.45% YTD performance, and +$53M 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 10/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TSME FNY | +0.39%+0.74% | -4.16%-3.06% | +10.42%+9.45% | +8.26%+6.13% | +81.52%+80.16% | n/a+32.61% |
| Flows | TSME FNY | +$18M-$10M | -$28M-$5M | -$30M+$53M | +$154M+$62M | +$549M+$101M | -+$24M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TSME FNY | +21.60%+18.42% | +23.40%+20.89% | +22.33%+20.93% | n/a+22.46% |
| Max drawdown | TSME FNY | -13.60%-11.00% | -15.13%-13.37% | -26.79%-24.97% | n/a-33.90% |
| Max drawdown duration | TSME FNY | 72d72d | 120d120d | 255d275d | n/a1045d |
Trading data
TSME | FNY | |
Last sale 10/29/2026 at 1:30 PM | $46.99 | $100.50 |
| Previous close 10/28/2026 | $46.03 | $99.68 |
| Consolidated volume 10/28/2026 | ||
| 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 | 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 10/29/2026 at 1:30 PM
Live
Closed
TSME | FNY | |
|---|---|---|
| Last price | $46.99 | $100.50 |
| 1D performance | +2.09% | +0.83% |
| AuM | $890.83 M | $558.49 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 | 65 | 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
87.09%
Other
12.91%
FNY
USA
98.58%
Other
1.42%
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%
FNY
Healthcare
23.09%
Industrials
18.71%
Technology
17.4%
Finance
16.82%
Other
23.98%
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Diversification
TSME
Total weight of top 15 holdings out of 15
32.95%
FNY
Total weight of top 15 holdings out of 15
12.69%
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%
FNY
Zeta Global Holdings Corp.
1.03%
Halozyme Therapeutics, Inc.
0.89%
Guardant Health, Inc.
0.88%
Etsy, Inc.
0.87%
H&R Block, Inc.
0.86%
Corcept Therapeutics, Inc.
0.84%
Tutor Perini Corp.
0.84%
Frontdoor, Inc.
0.82%
TG Therapeutics, Inc.
0.82%
Amneal Pharmaceuticals, Inc.
0.82%
Coca-Cola Consolidated, Inc.
0.81%
Victoria's Secret & Co.
0.81%
Glaukos Corp.
0.81%
PACS Group, Inc.
0.80%
Okta, Inc.
0.79%
Frequently asked questions about TSME and FNY
How have the TSME and FNY ETFs performed in 2026?
As of October 28, 2026, TSME is up 10.42% year-to-date (YTD), while FNY has returned 9.45%. That puts TSME better performer ahead so far this year.
Which ETF is attracting more investor money: TSME or FNY?
Year-to-date, the TSME ETF saw -$30M in flows, compared to +$53M for FNY.
Which ETF is more volatile: TSME or FNY?
Over the past year, TSME had a volatility of 23.4%, while FNY experienced 20.89%.
Which ETF is bigger: TSME or FNY?
As of October 28, 2026, TSME holds $890.83 M in assets under management (AUM), while FNY manages $558.49 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., Halozyme Therapeutics, Inc. and Guardant Health, Inc..
Which ETF is more diversified: TSME or FNY?
TSME holds 65 securities with 32.95% of its assets in the top 15. FNY has 224 securities and a top 15 weight of 12.69%.
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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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