Thrivent Small-Mid Cap ESG ETF (TSME) Performance
TSME total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +6.7% since Dec 31, 2025
- 1 year
- +5.9% total return
- 3 years
- +19.7% a year
- Since first price
- +14.7% a year since 2022
TSME trailing returns vs SPY, QQQ, AGG
| Period | TSME total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −3.5% | −3.5% | −1.0% | −5.0% | +0.9% |
| 3 months | −8.9% | −8.9% | +3.2% | +1.9% | −0.4% |
| 6 months | −5.0% | −5.0% | +7.8% | +8.4% | −1.5% |
| YTD | +6.7% | +6.7% | +12.3% | +15.1% | −1.0% |
| 1 year | +5.9% | +5.7% | +14.4% | +15.9% | −1.1% |
| 3 years | +71.6%+19.7%/yr | +69.8% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionOct 5, 2022 | +74.2%+14.7%/yr | +72.1% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: TSME vs SPY
From Oct 5, 2022: TSME grew to $17,424, SPY to $21,226.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
TSME returns by calendar year
3 of 3 full years positive. Best 2024 (+19.0%), worst 2025 (+13.8%). 2026 is year to date.
TSME annual returns table
| Year | TSME | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +6.7% | −15.2% | +12.3% | +15.1% | −1.0% |
| 2025 | +13.8% | −24.4% | +17.7% | +20.8% | +7.2% |
| 2024 | +19.0% | −11.1% | +24.9% | +25.6% | +1.3% |
| 2023 | +17.8% | −16.5% | +26.2% | +54.9% | +5.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
TSME largest drawdowns
Now 15.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 25, 2024 | −26.6% | Apr 8, 2025 | Aug 8, 2025 | 4 months | 8 months |
| Jul 31, 2023 | −16.5% | Oct 27, 2023 | Dec 14, 2023 | 3 months | 4 months |
| Jun 30, 2026 | −15.2% | Oct 23, 2026 | not yet | 4 months | 4 months so far |
| Feb 20, 2026 | −14.7% | Mar 30, 2026 | Apr 20, 2026 | 38 days | 59 days |
| Feb 15, 2023 | −13.9% | May 4, 2023 | Jul 19, 2023 | 3 months | 5 months |
| Jul 16, 2024 | −11.1% | Aug 7, 2024 | Sep 19, 2024 | 22 days | 2 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
TSME risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +18.1% | +15.0% |
| Volatility (annualized) | 21.5% | 21.4% |
| Sharpe ratio | 0.68 | 0.55 |
| Sortino ratio | 1.14 | 0.94 |
| Best month | +13.8% | +13.8% |
| Worst month | −9.6% | −9.6% |
| Best 12 months | +44.4% | +44.4% |
| Worst 12 months | −3.5% | −3.5% |
| Positive months | 58% | 55% |
| Beta vs S&P 500 | 1.33 | — |
| Correlation with S&P 500 | 0.77 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
TSME rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 37 | −3.5% | +17.1% | +44.4% | 95% |
| 3-year (a year) | 13 | +14.4% | +17.1% | +22.6% | 100% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
TSME performance overview
Thrivent Small-Mid Cap ESG ETF (TSME) returned +5.9% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned +14.7% a year, turning $10,000 into about $17,424. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −26.6%, from Nov 25, 2024 to Apr 8, 2025, and it took 4 months to get back to the old high. TSME finished 3 of its 3 full calendar years with a gain; the best year was 2024 (+19.0%) and the worst 2025 (+13.8%). Volatility has been 21.4% a year.
Related: TSME chart, TSME holdings, TSME dividends, TSME valuation. See the TSME overview for the latest quote and fund facts.
TSME performance FAQ
What is the TSME return over the past year?
TSME returned +5.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 5.7%.
How much would $10,000 invested in TSME be worth?
$10,000 invested in TSME at its first recorded close on October 5, 2022 would be worth about $17,424 on October 23, 2026 with distributions reinvested.
What was the worst year for TSME?
The worst calendar year was 2025, with a total return of +13.8%. The best was 2024 at +19.0%.
What is the biggest drawdown of TSME?
The largest peak-to-trough decline was −26.6% between November 25, 2024 and April 8, 2025. It recovered to the old high on August 8, 2025, 4 months after the bottom.
How volatile is TSME?
Over the past 3 years TSME had an annualized volatility of 21.5% and a Sharpe ratio of 0.68 (excess return over 1–3 month T-bills per unit of risk).