SPY vs TMVE
SPY vs TMVE
State Street SPDR S&P 500 ETF Trust vs Thrivent Mid Cap Value ETF
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | SPY | TMVE | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.55% | |
| AUM | $789.1B | $302M | |
| Dividend Yield | 1.01% | 0.10% | |
| Holdings | 505 | 84 | |
| YTD Return | +13.79% | +18.61% | |
| 1Y Return | +23.66% | - | |
| 3Y Return (annualized) | +21.40% | - | |
| 5Y Return (annualized) | +13.37% | - | |
| Volatility (annualized) | 15.3% | - | |
| Max Drawdown | -56.5% | -8.2% | |
| Fund Family | State Street Investment Management | Thrivent Funds | |
| Category | Equity | Equity | |
| Inception | Jan 22, 1993 | Nov 17, 2025 |
SPY vs TMVE Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Thrivent Mid Cap Value ETF (TMVE) is a ETF from Thrivent Funds. Year to date, SPY is up 13.79% versus a gain of 18.61% for TMVE.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -56.5% for SPY and -8.2% for TMVE. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
SPY charges 0.09% per year while TMVE charges 0.55%. On a $10,000 position that is $9 vs $55 annually, a gap of $46 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 0.10% for TMVE.
Holdings Overlap
SPY and TMVE share 45 holdings out of 542 unique holdings combined, representing a 5.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SPY | Weight in TMVE | Difference |
|---|---|---|---|
| MTB | 0.05% | 2.27% | 2.22% |
| USB | 0.15% | 2.12% | 1.97% |
| JNJ | 0.96% | 1.30% | 0.34% |
| GD | Pro | Pro | Pro |
| ICE | Pro | Pro | Pro |
| COF | Pro | Pro | Pro |
| AIG | Pro | Pro | Pro |
| TMO | Pro | Pro | Pro |
| LH | Pro | Pro | Pro |
| PPG | Pro | Pro | Pro |
See all 10 holdings SPY shares with TMVE Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, SPY or TMVE?
SPY has an expense ratio of 0.09% while TMVE charges 0.55%. SPY is the cheaper option. On a $10,000 investment, that is $46 per year of difference.
What is the holdings overlap between SPY and TMVE?
SPY and TMVE share 45 common holdings with a 5.3% weight overlap. Combined, they hold 542 unique securities.
Which pays a higher dividend, SPY or TMVE?
SPY yields 1.01% while TMVE yields 0.10%, so SPY currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.