- ISIN
- US8852155824
- CUSIP
- 885215582
- Issuer
- Thornburg
- Inception Date
- Dec 27, 2000
- Category
- Large Cap Growth Equities
- Min. Investment
- $5,000
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
THCGX Performance Chart
Thornburg Small/Mid Cap Growth Fund (THCGX) is up 12.0% since the beginning of the year. THCGX is currently trading at $36 per share. Investors who bought $1,000 worth of THCGX shares 5 years ago would now be looking at an investment worth $1,067.
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Returns By Period
Thornburg Small/Mid Cap Growth Fund (THCGX) has returned 12.03% so far this year and 25.32% over the past 12 months. Over the last ten years, THCGX has returned 9.25% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Thornburg Small/Mid Cap Growth Fund
- 1D
- 1.62%
- 1M
- 3.45%
- YTD
- 12.03%
- 6M
- 7.87%
- 1Y
- 25.32%
- 3Y*
- 13.36%
- 5Y*
- 1.30%
- 10Y*
- 9.25%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
THCGX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2001, THCGX's average daily return is +0.04%, while the average monthly return is +0.75%. At this rate, an investment would double in approximately 7.7 years.
Historically, 60% of months were positive and 40% were negative. The best month was Apr 2001 with a return of +16.2%, while the worst month was Oct 2008 at -22.8%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, THCGX closed higher 53% of trading days. The best single day was Nov 18, 2021 with a return of +48.5%, while the worst single day was Nov 19, 2021 at -34.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.33% | -0.50% | -5.18% | 13.08% | 7.00% | -0.55% | 12.03% | ||||||
| 2025 | 3.70% | -8.84% | -10.07% | -0.26% | 8.19% | 5.86% | 1.13% | 2.16% | 1.92% | 3.46% | 2.19% | -3.51% | 4.31% |
| 2024 | 0.46% | 9.69% | 3.11% | -6.27% | 4.05% | -0.45% | 2.41% | 2.62% | 0.37% | -1.29% | 10.05% | -5.33% | 19.67% |
| 2023 | 8.38% | -3.23% | 1.54% | 1.21% | -0.09% | 9.74% | 1.21% | -1.50% | -5.16% | -9.27% | 8.53% | 8.66% | 19.56% |
| 2022 | -14.93% | 1.14% | -1.06% | -13.41% | -4.93% | -8.82% | 11.04% | -1.71% | -8.08% | 5.67% | 3.22% | -5.89% | -34.19% |
| 2021 | 0.00% | 1.88% | -6.45% | 6.54% | -4.22% | 4.50% | 1.66% | 0.89% | -3.74% | 5.37% | -9.09% | -1.14% | -4.97% |
Benchmark Metrics
Thornburg Small/Mid Cap Growth Fund has an annualized alpha of 1.03%, beta of 1.07, and R2 of 0.63 versus S&P 500 Index. Calculated based on daily prices since January 02, 2001.
- This fund captured 118.96% of S&P 500 Index gains and 115.29% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- With beta of 1.07 and R2 of 0.63, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 1.03%
- Beta
- 1.07
- R²
- 0.63
- Upside Capture
- 118.96%
- Downside Capture
- 115.29%
Expense Ratio
THCGX has a high expense ratio of 1.31%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
THCGX ranks 22 for risk / return — below 22% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Thornburg Small/Mid Cap Growth Fund (THCGX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| THCGX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.37 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | 2.78 | -1.16 |
| Martin ratioReturn relative to average drawdown | 5.27 | 12.44 | -7.17 |
Dividends
Dividend History
Thornburg Small/Mid Cap Growth Fund provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $17.91 | $3.22 | $3.62 |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 54.25% | 6.23% | 9.32% |
Monthly Dividends
The table displays the monthly dividend distributions for Thornburg Small/Mid Cap Growth Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.02 | $0.00 | $17.88 | $0.00 | $17.91 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Thornburg Small/Mid Cap Growth Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Thornburg Small/Mid Cap Growth Fund was 63.67%, occurring on Jun 16, 2022. The portfolio has not yet recovered.
The current Thornburg Small/Mid Cap Growth Fund drawdown is 33.67%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -63.67%Jun 2022 | 6mo 29d | — | 4y 7moNov 2021 - now |
Financial crisis2007–2009 | -63.47%Nov 2008 | 1y 1mo | 4y 5mo | 5y 6moOct 2007 - May 2013 |
Dot-com crash2000–2002 | -52.82%Jul 2002 | 1y 5mo | 2y 5mo | 3y 11moJan 2001 - Dec 2004 |
COVID crash2020 | -28.50%Mar 2020 | 25d | 2mo 19d | 3mo 14dFeb 2020 - Jun 2020 |
2016 bear market2016 | -26.52%Feb 2016 | 7mo 22d | 1y 4d | 1y 7moJun 2015 - Feb 2017 |
Drawdown Indicators
| THCGX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.67% | -56.78% | -6.89% |
Max Drawdown (1Y)Largest decline over 1 year | -15.53% | -9.10% | -6.43% |
Max Drawdown (3Y)Largest decline over 3 years | -30.25% | -18.90% | -11.35% |
Max Drawdown (5Y)Largest decline over 5 years | -63.67% | -25.43% | -38.24% |
Max Drawdown (10Y)Largest decline over 10 years | -63.67% | -33.92% | -29.75% |
Current DrawdownCurrent decline from peak | -33.67% | -1.80% | -31.87% |
Average DrawdownAverage peak-to-trough decline | -21.24% | -10.71% | -10.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.77% | 2.03% | +2.74% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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