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ETFs

Thrivent Small-Mid Cap ESG ETF

TSME
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 05 2022
Expense Ratio
0.65%
Type
US Equities
Fund Owner
Thrivent
Volume (1m avg. daily)
$154,670
AUM
$133,656,795
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

ACGL
Arch Capital Group Ltd
2.67%
CLS
Celestica, Inc.
2.65%
PWR
Quanta Services, Inc.
2.56%
WH
Wyndham Hotels & Resorts Inc
2.50%
TKR
Timken Co.
2.36%
FICO
Fair, Isaac Corp.
2.28%
MOD
Modine Manufacturing Co.
2.20%
KNSL
Kinsale Capital Group Inc
2.19%
NVR
NVR Inc.
2.19%
LH
Laboratory Corp. Of America Holdings
2.11%
Invest with TSME

What is TSME?

This ETF looks to provide investors with consistent, competitive performance through favorable stock selection while monitoring risk. The ETF typically invests in a combination of small- and mid-sized companies across the growth and value spectrums. The management team looks for stocks that it determines have sustainable long-term business models and a demonstrated commitment to environmental, social and corporate governance ("ESG") policies, practices or outcomes.

ETFs related toTSME

ETFs correlated to TSME include SPMD, IJH, MIDU

TSME
Thrivent ETF Trust - Thrivent Small-Mid Cap ESG ETF
SPMD
SPDR Series Trust - SPDR Portfolio S&P 400 Mid Cap ETF
IJH
BlackRock Institutional Trust Company N.A. - iShares Core S&P Mid-Cap ETF
MIDU
Direxion Shares ETF Trust - Direxion Daily Mid Cap Bull 3x Shares
IVOO
Vanguard Group, Inc. - Vanguard S&P Mid-Cap 400 ETF
MDY
State Street Global Advisors - S&P MidCap 400 ETF
JHMM
John Hancock Investment Management LLC - John Hancock Multifactor Mid Cap ETF
BBMC
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
SCHM
Schwab Strategic Trust - Schwab U.S. Mid-Cap ETF
GRPM
Invesco Capital Management LLC - Invesco S&P MidCap 400 GARP ETF
VB
Vanguard Group, Inc. - Vanguard Small Cap ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toTSME

#PTAC

Pick the Trending Asset Class

Category

Momentum, Tactical Asset Allocation, Be Risk Aware, Ride the Momentum

Risk Rating

Moderate

#EMH

Emerging Markets with a Bond Hedge

Category

Momentum, Be Risk Aware, Diversification

Risk Rating

Aggressive

Create your own algorithmic trading strategy with TSME using Composer

FAQ

TSME is a US Equities ETF. This ETF looks to provide investors with consistent, competitive performance through favorable stock selection while monitoring risk. The ETF typically invests in a combination of small- and mid-sized companies across the growth and value spectrums. The management team looks for stocks that it determines have sustainable long-term business models and a demonstrated commitment to environmental, social and corporate governance ("ESG") policies, practices or outcomes.

Yes, TSME is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, TSME is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on TSME is -0.0219%. This is the percent change in the value of TSME over the most recent 1-month period. The 3-month return on TSME is 0.0029%. This is the percent change in the value of TSME over the most recent 3-month period.

ETFs similar to TSME include SPHQ, DSI, and QUAL.

ETFs correlated to TSME include SPMD, IJH, and MIDU.

ETFs that are inversely correlated to TSME include RWM, TZA, and TWM.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.