TGFRX vs. CTIGX

Last updated Apr 2, 2026

Compare and contrast key facts about Tanaka Growth Fund (TGFRX) and Calamos Timpani SMID Growth Fund (CTIGX).

TGFRX is managed by Tanaka. It was launched on Dec 30, 1998. CTIGX is managed by Calamos. It was launched on Jul 31, 2019.

Performance

TGFRX vs. CTIGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tanaka Growth Fund (TGFRX) and Calamos Timpani SMID Growth Fund (CTIGX). The values are adjusted to include any dividend payments, if applicable.

TGFRX vs. CTIGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
TGFRX Tanaka Growth Fund	2.11%	39.56%	17.98%	50.24%	-22.62%	26.54%	50.87%	4.97%
CTIGX Calamos Timpani SMID Growth Fund	0.46%	21.21%	44.09%	12.26%	-34.88%	7.64%	58.94%	-3.80%

Returns By Period

In the year-to-date period, TGFRX achieves a 2.11% return, which is significantly higher than CTIGX's 0.46% return.

TGFRX

• 1D: 5.92%
• 1M: -7.38%
• YTD: 2.11%
• 6M: 3.42%
• 1Y: 38.93%
• 3Y*: 31.29%
• 5Y*: 11.64%
• 10Y*: 13.73%

CTIGX

• 1D: 5.87%
• 1M: -6.37%
• YTD: 0.46%
• 6M: 4.63%
• 1Y: 39.29%
• 3Y*: 23.19%
• 5Y*: 5.06%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TGFRX vs. CTIGX - Expense Ratio Comparison

TGFRX has a 2.19% expense ratio, which is higher than CTIGX's 1.10% expense ratio.

TGFRX

Tanaka Growth Fund

CTIGX

Calamos Timpani SMID Growth Fund

Return for Risk

TGFRX vs. CTIGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TGFRX

TGFRX Risk / Return Rank: 63
TGFRX Sharpe Ratio Rank: 51
TGFRX Sortino Ratio Rank: 55
TGFRX Omega Ratio Rank: 43
TGFRX Calmar Ratio Rank: 92
TGFRX Martin Ratio Rank: 72

CTIGX

CTIGX Risk / Return Rank: 78
CTIGX Sharpe Ratio Rank: 71
CTIGX Sortino Ratio Rank: 71
CTIGX Omega Ratio Rank: 60
CTIGX Calmar Ratio Rank: 95
CTIGX Martin Ratio Rank: 93

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TGFRX vs. CTIGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tanaka Growth Fund (TGFRX) and Calamos Timpani SMID Growth Fund (CTIGX). 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.

	TGFRX	CTIGX	Difference
Sharpe ratio Return per unit of total volatility	1.06	1.37	-0.31
Sortino ratio Return per unit of downside risk	1.59	1.93	-0.35
Omega ratio Gain probability vs. loss probability	1.20	1.25	-0.05
Calmar ratio Return relative to maximum drawdown	2.93	3.51	-0.58
Martin ratio Return relative to average drawdown	7.48	12.62	-5.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TGFRX vs. CTIGX - Sharpe Ratio Comparison

The current TGFRX Sharpe Ratio is 1.06, which is comparable to the CTIGX Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of TGFRX and CTIGX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TGFRX	CTIGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.06	1.37	-0.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.01	0.19	-0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.02	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.02	0.41	-0.39

Correlation

The correlation between TGFRX and CTIGX is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

TGFRX vs. CTIGX - Dividend Comparison

TGFRX's dividend yield for the trailing twelve months is around 12.75%, more than CTIGX's 4.57% yield.

	TTM	2025	2024	2023	2022	2021
TGFRX Tanaka Growth Fund	12.75%	13.02%	6.89%	0.00%	0.11%	7.44%
CTIGX Calamos Timpani SMID Growth Fund	4.57%	4.59%	2.80%	0.00%	0.00%	11.76%

Drawdowns

TGFRX vs. CTIGX - Drawdown Comparison

The maximum TGFRX drawdown since its inception was -95.35%, which is greater than CTIGX's maximum drawdown of -46.26%. Use the drawdown chart below to compare losses from any high point for TGFRX and CTIGX.

Drawdown Indicators

	TGFRX	CTIGX	Difference
Max Drawdown Largest peak-to-trough decline	-95.35%	-46.26%	-49.09%
Max Drawdown (1Y) Largest decline over 1 year	-16.01%	-11.56%	-4.45%
Max Drawdown (5Y) Largest decline over 5 years	-95.35%	-46.26%	-49.09%
Max Drawdown (10Y) Largest decline over 10 years	-95.35%	—	—
Current Drawdown Current decline from peak	-92.38%	-6.37%	-86.01%
Average Drawdown Average peak-to-trough decline	-31.67%	-19.05%	-12.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.24%	3.21%	+4.03%

Volatility

TGFRX vs. CTIGX - Volatility Comparison

Tanaka Growth Fund (TGFRX) and Calamos Timpani SMID Growth Fund (CTIGX) have volatilities of 12.37% and 12.85%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TGFRX	CTIGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.37%	12.85%	-0.48%
Volatility (6M) Calculated over the trailing 6-month period	24.40%	20.84%	+3.56%
Volatility (1Y) Calculated over the trailing 1-year period	35.36%	28.76%	+6.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	793.45%	26.85%	+766.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	561.16%	29.11%	+532.05%