TMCGX vs. FIFGX

Last updated Jun 23, 2026

TMCGX (Thrivent Mid Cap Growth Fund) and FIFGX (Fidelity SAI Inflation-Focused) are both mutual funds - TMCGX is a Mid Cap Growth Equities fund managed by Thrivent, while FIFGX is a Commodities fund managed by Fidelity. Over the past 5 years, TMCGX returned 2.36%/yr vs 74.86%/yr for FIFGX. At a 0.16 correlation, their price movements are largely independent. TMCGX charges 0.90%/yr vs 0.39%/yr for FIFGX.

Performance

TMCGX vs. FIFGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Thrivent Mid Cap Growth Fund (TMCGX) and Fidelity SAI Inflation-Focused (FIFGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TMCGX achieves a 10.86% return, which is significantly lower than FIFGX's 32.95% return.

TMCGX

• 1D: 1.80%
• 1M: 4.83%
• YTD: 10.86%
• 6M: 7.97%
• 1Y: 16.03%
• 3Y*: 9.65%
• 5Y*: 2.36%
• 10Y*: —

FIFGX

• 1D: -0.13%
• 1M: -9.53%
• YTD: 32.95%
• 6M: 30.30%
• 1Y: 28.69%
• 3Y*: 141.87%
• 5Y*: 74.86%
• 10Y*: —

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

TMCGX vs. FIFGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
TMCGX Thrivent Mid Cap Growth Fund	10.86%	2.48%	10.20%	16.94%	-28.27%	11.39%	53.73%
FIFGX Fidelity SAI Inflation-Focused	32.95%	7.44%	6.34%	781.04%	9.30%	32.92%	12.59%

Correlation

The correlation between TMCGX and FIFGX is -0.19, 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	-0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.02
Correlation (5Y) Calculated over the trailing 5-year period	0.11
Correlation (All Time) Calculated using the full available price history since Feb 28, 2020	0.16

The correlation between TMCGX and FIFGX shifts across timeframes, from -0.19 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.

Return for Risk

TMCGX vs. FIFGX — Risk / Return Rank

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

TMCGX

TMCGX Risk / Return Rank: 12
TMCGX Sharpe Ratio Rank: 12
TMCGX Sortino Ratio Rank: 12
TMCGX Omega Ratio Rank: 12
TMCGX Calmar Ratio Rank: 12
TMCGX Martin Ratio Rank: 14

FIFGX

FIFGX Risk / Return Rank: 29
FIFGX Sharpe Ratio Rank: 26
FIFGX Sortino Ratio Rank: 23
FIFGX Omega Ratio Rank: 24
FIFGX Calmar Ratio Rank: 40
FIFGX Martin Ratio Rank: 34

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.

TMCGX vs. FIFGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Thrivent Mid Cap Growth Fund (TMCGX) and Fidelity SAI Inflation-Focused (FIFGX). 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	FIFGX	Difference
Sharpe ratio: Return per unit of total volatility	0.89	1.36	-0.47
Sortino ratio: Return per unit of downside risk	1.35	1.88	-0.54
Omega ratio: Gain probability vs. loss probability	1.16	1.24	-0.08
Calmar ratio: Return relative to maximum drawdown	1.09	2.27	-1.18
Martin ratio: Return relative to average drawdown	3.57	7.17	-3.61

TMCGX vs. FIFGX - Sharpe Ratio Comparison

The current TMCGX Sharpe Ratio is 0.89, which is lower than the FIFGX Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of TMCGX and FIFGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TMCGX vs. FIFGX - Drawdown Comparison

The maximum TMCGX drawdown since its inception was -39.66%, which is greater than FIFGX's maximum drawdown of -29.47%. Use the drawdown chart below to compare losses from any high point for TMCGX and FIFGX.

Drawdown Indicators

	TMCGX	FIFGX	Difference
Max Drawdown Largest peak-to-trough decline	-39.66%	-29.47%	-10.19%
Max Drawdown (1Y) Largest decline over 1 year	-14.58%	-12.91%	-1.67%
Max Drawdown (3Y) Largest decline over 3 years	-25.28%	-12.91%	-12.37%
Max Drawdown (5Y) Largest decline over 5 years	-39.66%	-29.47%	-10.19%
Current Drawdown Current decline from peak	-2.65%	-12.91%	+10.26%
Average Drawdown Average peak-to-trough decline	-15.85%	-7.68%	-8.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.44%	4.07%	+0.37%

Volatility

TMCGX vs. FIFGX - Volatility Comparison

Thrivent Mid Cap Growth Fund (TMCGX) has a higher volatility of 6.26% compared to Fidelity SAI Inflation-Focused (FIFGX) at 5.18%. This indicates that TMCGX's price experiences larger fluctuations and is considered to be riskier than FIFGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TMCGX	FIFGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.26%	5.18%	+1.08%
Volatility (6M) Calculated over the trailing 6-month period	14.58%	18.68%	-4.10%
Volatility (1Y) Calculated over the trailing 1-year period	17.73%	21.58%	-3.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.36%	406.15%	-383.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.19%	331.81%	-307.62%

TMCGX vs. FIFGX - Expense Ratio Comparison

TMCGX has a 0.90% expense ratio, which is higher than FIFGX's 0.39% expense ratio.

Dividends

TMCGX vs. FIFGX - Dividend Comparison

TMCGX has not paid dividends to shareholders, while FIFGX's dividend yield for the trailing twelve months is around 4.09%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
FIFGX Fidelity SAI Inflation-Focused	4.09%	5.44%	4.73%	1.54%	12.64%	35.77%	3.10%	1.59%
TMCGX Thrivent Mid Cap Growth Fund	0.00%	0.00%	0.00%	0.00%	0.00%	3.13%	2.82%	0.00%

Frequently Asked Questions

Can I hold both TMCGX and FIFGX in my portfolio?

TMCGX and FIFGX have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TMCGX or FIFGX?

TMCGX has higher volatility (6.26%) compared to FIFGX (5.18%). In terms of maximum drawdown, TMCGX dropped -39.66% vs FIFGX's -29.47%.

Which has better risk-adjusted returns?

FIFGX currently has the higher Sharpe Ratio (1.36 vs 0.89), 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.