THPGX vs. IVGSX

Last updated Jun 4, 2026

THPGX (Thompson LargeCap Fund) and IVGSX (VY Invesco Growth and Income Portfolio) are both Large Cap Value Equities funds. Over the past 10 years, THPGX returned 14.89%/yr vs 11.10%/yr for IVGSX. Their correlation of 0.89 suggests significant overlap in exposure. THPGX charges 0.99%/yr vs 0.86%/yr for IVGSX.

Performance

THPGX vs. IVGSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Thompson LargeCap Fund (THPGX) and VY Invesco Growth and Income Portfolio (IVGSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, THPGX achieves a 12.02% return, which is significantly higher than IVGSX's 7.39% return. Over the past 10 years, THPGX has outperformed IVGSX with an annualized return of 14.89%, while IVGSX has yielded a comparatively lower 11.10% annualized return.

THPGX

• 1D: 0.31%
• 1M: 4.18%
• YTD: 12.02%
• 6M: 14.47%
• 1Y: 40.27%
• 3Y*: 22.75%
• 5Y*: 12.38%
• 10Y*: 14.89%

IVGSX

• 1D: 0.86%
• 1M: 1.23%
• YTD: 7.39%
• 6M: 9.13%
• 1Y: 22.11%
• 3Y*: 17.20%
• 5Y*: 9.85%
• 10Y*: 11.10%

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

THPGX vs. IVGSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
THPGX Thompson LargeCap Fund	12.02%	27.10%	17.14%	22.06%	-15.78%	28.09%	15.49%	33.59%	-12.31%	18.24%
IVGSX VY Invesco Growth and Income Portfolio	7.39%	15.07%	16.21%	12.41%	-5.95%	28.95%	2.95%	24.82%	-14.90%	13.90%

Correlation

The correlation between THPGX and IVGSX is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Oct 13, 1993	0.89

The correlation between THPGX and IVGSX shifts across timeframes, from 0.75 (1 year) to 0.90 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

THPGX vs. IVGSX — Risk / Return Rank

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

THPGX

THPGX Risk / Return Rank: 92
THPGX Sharpe Ratio Rank: 94
THPGX Sortino Ratio Rank: 92
THPGX Omega Ratio Rank: 86
THPGX Calmar Ratio Rank: 92
THPGX Martin Ratio Rank: 93

IVGSX

IVGSX Risk / Return Rank: 60
IVGSX Sharpe Ratio Rank: 51
IVGSX Sortino Ratio Rank: 46
IVGSX Omega Ratio Rank: 51
IVGSX Calmar Ratio Rank: 78
IVGSX Martin Ratio Rank: 74

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.

THPGX vs. IVGSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Thompson LargeCap Fund (THPGX) and VY Invesco Growth and Income Portfolio (IVGSX). 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.

	THPGX	IVGSX	Difference
Sharpe ratio: Return per unit of total volatility	3.31	2.12	+1.19
Sortino ratio: Return per unit of downside risk	4.60	2.89	+1.72
Omega ratio: Gain probability vs. loss probability	1.60	1.39	+0.20
Calmar ratio: Return relative to maximum drawdown	5.04	3.53	+1.51
Martin ratio: Return relative to average drawdown	20.55	13.94	+6.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

THPGX vs. IVGSX - Sharpe Ratio Comparison

The current THPGX Sharpe Ratio is 3.31, which is higher than the IVGSX Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of THPGX and IVGSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	THPGX	IVGSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.31	2.12	+1.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	0.56	+0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.75	0.57	+0.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.50	0.00

Drawdowns

THPGX vs. IVGSX - Drawdown Comparison

The maximum THPGX drawdown since its inception was -65.52%, which is greater than IVGSX's maximum drawdown of -53.48%. Use the drawdown chart below to compare losses from any high point for THPGX and IVGSX.

Drawdown Indicators

	THPGX	IVGSX	Difference
Max Drawdown Largest peak-to-trough decline	-65.52%	-53.48%	-12.04%
Max Drawdown (1Y) Largest decline over 1 year	-8.16%	-7.44%	-0.72%
Max Drawdown (3Y) Largest decline over 3 years	-18.75%	-18.87%	+0.12%
Max Drawdown (5Y) Largest decline over 5 years	-26.49%	-19.19%	-7.30%
Max Drawdown (10Y) Largest decline over 10 years	-40.68%	-41.77%	+1.09%
Current Drawdown Current decline from peak	0.00%	-0.45%	+0.45%
Average Drawdown Average peak-to-trough decline	-9.58%	-8.10%	-1.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	1.80%	+0.20%

Volatility

THPGX vs. IVGSX - Volatility Comparison

The current volatility for Thompson LargeCap Fund (THPGX) is 2.63%, while VY Invesco Growth and Income Portfolio (IVGSX) has a volatility of 5.67%. This indicates that THPGX experiences smaller price fluctuations and is considered to be less risky than IVGSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	THPGX	IVGSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.63%	5.67%	-3.04%
Volatility (6M) Calculated over the trailing 6-month period	8.86%	9.72%	-0.86%
Volatility (1Y) Calculated over the trailing 1-year period	12.41%	12.37%	+0.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.75%	18.12%	-0.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.94%	19.86%	+0.08%

THPGX vs. IVGSX - Expense Ratio Comparison

THPGX has a 0.99% expense ratio, which is higher than IVGSX's 0.86% expense ratio.

Dividends

THPGX vs. IVGSX - Dividend Comparison

THPGX's dividend yield for the trailing twelve months is around 5.00%, less than IVGSX's 21.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IVGSX VY Invesco Growth and Income Portfolio	21.94%	23.56%	12.62%	8.61%	16.88%	1.23%	10.39%	14.94%	14.37%	7.34%	13.02%	21.04%
THPGX Thompson LargeCap Fund	5.00%	5.60%	11.97%	8.38%	5.06%	4.95%	0.90%	2.73%	0.89%	0.82%	0.80%	0.72%

Frequently Asked Questions

Can I hold both THPGX and IVGSX in my portfolio?

THPGX and IVGSX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, THPGX or IVGSX?

IVGSX has higher volatility (5.67%) compared to THPGX (2.63%). In terms of maximum drawdown, THPGX dropped -65.52% vs IVGSX's -53.48%.

Which has better risk-adjusted returns?

THPGX currently has the higher Sharpe Ratio (3.31 vs 2.12), 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.