TMCGX vs. ^TNX
TMCGX (Thrivent Mid Cap Growth Fund) is Mid Cap Growth Equities fund managed by Thrivent, while ^TNX (Cboe 10-Year Treasury Note Yield Index) is an index. Over the past 5 years, TMCGX returned 0.88%/yr vs 30.81%/yr for ^TNX. Their -0.02 correlation means they have often moved in opposite directions in the past.
Performance
TMCGX vs. ^TNX - Performance Comparison
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Returns By Period
In the year-to-date period, TMCGX achieves a 9.23% return, which is significantly lower than ^TNX's 13.98% return.
TMCGX
- 1D
- 2.08%
- 1M
- -1.71%
- 6M
- 9.23%
- YTD
- 9.23%
- 1Y
- 9.37%
- 3Y*
- 7.14%
- 5Y*
- 0.88%
- 10Y*
- —
- ALL TIME*
- 9.32%
^TNX
- 1D
- 1.76%
- 1M
- 5.80%
- 6M
- 11.88%
- YTD
- 13.98%
- 1Y
- 12.44%
- 3Y*
- 5.41%
- 5Y*
- 30.81%
- 10Y*
- 11.93%
- ALL TIME*
- -0.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
TMCGX vs. ^TNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TMCGX Thrivent Mid Cap Growth Fund | 9.23% | 2.48% | 10.20% | 16.94% | -28.27% | 11.39% | 53.73% |
^TNX Cboe 10-Year Treasury Note Yield Index | 13.98% | -8.97% | 18.29% | -0.34% | 156.55% | 64.89% | -29.41% |
Correlation
The correlation between TMCGX and ^TNX is -0.29, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.29 |
Correlation (3Y) Balances recent behavior with more history. | -0.18 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.10 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2020 | -0.02 |
Over the past year, the inverse relationship between TMCGX and ^TNX 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
TMCGX vs. ^TNX — Risk / Return Rank
TMCGX
^TNX
TMCGX vs. ^TNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thrivent Mid Cap Growth Fund (TMCGX) and Cboe 10-Year Treasury Note Yield Index (^TNX). 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.
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.
| TMCGX | ^TNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.11 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.48 | 0.99 | -0.52 |
| Martin ratioReturn relative to average drawdown | 1.54 | 2.04 | -0.50 |
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Drawdowns
TMCGX vs. ^TNX - Drawdown Comparison
The maximum TMCGX drawdown since its inception was -39.66%, smaller than the maximum ^TNX drawdown of -96.85%. Use the drawdown chart below to compare losses from any high point for TMCGX and ^TNX.
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Drawdown Indicators
| TMCGX | ^TNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.66% | -96.85% | +57.19% |
Max Drawdown (1Y)Largest decline over 1 year | -14.58% | -8.94% | -5.64% |
Max Drawdown (3Y)Largest decline over 3 years | -25.28% | -27.41% | +2.13% |
Max Drawdown (5Y)Largest decline over 5 years | -39.66% | -27.41% | -12.25% |
Max Drawdown (10Y)Largest decline over 10 years | — | -84.57% | — |
Current DrawdownCurrent decline from peak | -4.08% | -70.04% | +65.96% |
Average DrawdownAverage peak-to-trough decline | -15.63% | -55.04% | +39.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.50% | 4.64% | -0.14% |
Volatility
TMCGX vs. ^TNX - Volatility Comparison
Thrivent Mid Cap Growth Fund (TMCGX) has a higher volatility of 4.17% compared to Cboe 10-Year Treasury Note Yield Index (^TNX) at 3.64%. This indicates that TMCGX's price experiences larger fluctuations and is considered to be riskier than ^TNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TMCGX | ^TNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.17% | 3.64% | +0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 14.67% | 11.05% | +3.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.08% | 14.89% | +3.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.38% | 31.23% | -8.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.06% | 47.62% | -23.56% |
Frequently Asked Questions
TMCGX and ^TNX 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 (4.17%) compared to ^TNX (3.64%). In terms of maximum drawdown, TMCGX dropped -39.66% vs ^TNX's -96.85%.
^TNX currently has the higher Sharpe Ratio (0.60 vs 0.38), 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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