^TNX vs. TMCGX
^TNX (Treasury Yield 10 Years) is an index, while TMCGX (Thrivent Mid Cap Growth Fund) is Mid Cap Growth Equities fund managed by Thrivent. Over the past 5 years, ^TNX returned 25.04%/yr vs 1.99%/yr for TMCGX. At a correlation of -0.02, they often move in opposite directions.
Performance
^TNX vs. TMCGX - Performance Comparison
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Returns By Period
In the year-to-date period, ^TNX achieves a 9.34% return, which is significantly higher than TMCGX's 6.81% return.
^TNX
- 1D
- 0.35%
- 1M
- 4.31%
- YTD
- 9.34%
- 6M
- 9.11%
- 1Y
- 0.93%
- 3Y*
- 6.72%
- 5Y*
- 25.04%
- 10Y*
- 10.75%
TMCGX
- 1D
- -3.26%
- 1M
- 1.12%
- YTD
- 6.81%
- 6M
- 4.55%
- 1Y
- 10.05%
- 3Y*
- 8.95%
- 5Y*
- 1.99%
- 10Y*
- —
^TNX vs. TMCGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
^TNX Treasury Yield 10 Years | 9.34% | -8.97% | 18.29% | -0.34% | 156.55% | 64.89% | -29.41% |
TMCGX Thrivent Mid Cap Growth Fund | 6.81% | 2.48% | 10.20% | 16.94% | -28.27% | 11.39% | 53.73% |
Correlation
The correlation between ^TNX and TMCGX is -0.29, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2020 | -0.02 |
Over the past year, the inverse relationship between ^TNX and TMCGX has strengthened: their correlation has moved from -0.02 to -0.29, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
^TNX vs. TMCGX — Risk / Return Rank
^TNX
TMCGX
^TNX vs. TMCGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Treasury Yield 10 Years (^TNX) and Thrivent Mid Cap Growth Fund (TMCGX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| ^TNX | TMCGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.12 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.08 | 0.73 | -0.65 |
| Martin ratioReturn relative to average drawdown | 0.14 | 2.41 | -2.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ^TNX | TMCGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.06 | 0.62 | -0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 0.09 | +0.69 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | 0.38 | -0.41 |
Drawdowns
^TNX vs. TMCGX - Drawdown Comparison
The maximum ^TNX drawdown since its inception was -96.85%, which is greater than TMCGX's maximum drawdown of -39.66%. Use the drawdown chart below to compare losses from any high point for ^TNX and TMCGX.
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Drawdown Indicators
| ^TNX | TMCGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.85% | -39.66% | -57.19% |
Max Drawdown (1Y)Largest decline over 1 year | -11.94% | -14.58% | +2.64% |
Max Drawdown (3Y)Largest decline over 3 years | -27.41% | -25.28% | -2.13% |
Max Drawdown (5Y)Largest decline over 5 years | -27.41% | -39.66% | +12.25% |
Max Drawdown (10Y)Largest decline over 10 years | -84.57% | — | — |
Current DrawdownCurrent decline from peak | -71.26% | -6.21% | -65.05% |
Average DrawdownAverage peak-to-trough decline | -55.00% | -15.92% | -39.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.98% | 4.42% | +2.56% |
Volatility
^TNX vs. TMCGX - Volatility Comparison
The current volatility for Treasury Yield 10 Years (^TNX) is 4.91%, while Thrivent Mid Cap Growth Fund (TMCGX) has a volatility of 5.28%. This indicates that ^TNX experiences smaller price fluctuations and is considered to be less risky than TMCGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ^TNX | TMCGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.91% | 5.28% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 10.60% | 14.13% | -3.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.21% | 17.32% | -2.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.40% | 22.28% | +10.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.99% | 24.20% | +23.79% |
Frequently Asked Questions
^TNX and TMCGX have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TMCGX has higher volatility (5.28%) compared to ^TNX (4.91%). In terms of maximum drawdown, ^TNX dropped -96.85% vs TMCGX's -39.66%.
TMCGX currently has the higher Sharpe Ratio (0.62 vs 0.06), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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