TMCGX vs. PCLIX

Last updated Aug 1, 2026

TMCGX (Thrivent Mid Cap Growth Fund) and PCLIX (PIMCO CommoditiesPLUS Strategy Fund) are both mutual funds - TMCGX is a Mid Cap Growth Equities fund managed by Thrivent, while PCLIX is a Commodities fund managed by PIMCO. Over the past 5 years, TMCGX returned 0.88%/yr vs 15.42%/yr for PCLIX. Their 0.15 correlation means their historical movements had little consistent relationship. TMCGX charges 0.90%/yr vs 0.98%/yr for PCLIX.

Performance

TMCGX vs. PCLIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Thrivent Mid Cap Growth Fund (TMCGX) and PIMCO CommoditiesPLUS Strategy Fund (PCLIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TMCGX achieves a 9.23% return, which is significantly lower than PCLIX's 34.31% 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%

PCLIX

• 1D: -0.36%
• 1M: 9.86%
• 6M: 25.51%
• YTD: 34.31%
• 1Y: 39.01%
• 3Y*: 13.77%
• 5Y*: 15.42%
• 10Y*: 12.80%
• ALL TIME*: 5.77%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PCLIX PIMCO CommoditiesPLUS Strategy Fund	$0.00	$0.00	$0.00
TMCGX Thrivent Mid Cap Growth Fund	$0.00	$0.00	$0.00

TMCGX vs. PCLIX - 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%
PCLIX PIMCO CommoditiesPLUS Strategy Fund	34.31%	5.76%	8.53%	0.69%	23.32%	43.83%	5.86%

Correlation

The correlation between TMCGX and PCLIX is -0.12, 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.	-0.12
Correlation (3Y) Balances recent behavior with more history.	0.02
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	0.15

The correlation between TMCGX and PCLIX shifts across timeframes, from -0.12 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.

Return for Risk

TMCGX vs. PCLIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TMCGX

TMCGX Risk / Return Rank: 10
TMCGX Sharpe Ratio Rank: 9
TMCGX Sortino Ratio Rank: 10
TMCGX Omega Ratio Rank: 9
TMCGX Calmar Ratio Rank: 10
TMCGX Martin Ratio Rank: 11

PCLIX

PCLIX Risk / Return Rank: 72
PCLIX Sharpe Ratio Rank: 78
PCLIX Sortino Ratio Rank: 72
PCLIX Omega Ratio Rank: 72
PCLIX Calmar Ratio Rank: 73
PCLIX Martin Ratio Rank: 63

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TMCGX vs. PCLIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Thrivent Mid Cap Growth Fund (TMCGX) and PIMCO CommoditiesPLUS Strategy Fund (PCLIX). 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	PCLIX	Difference
Sharpe ratio: Return per unit of total volatility	0.38	1.81	-1.42
Sortino ratio: Return per unit of downside risk	0.67	2.41	-1.73
Omega ratio: Gain probability vs. loss probability	1.08	1.31	-0.23
Calmar ratio: Return relative to maximum drawdown	0.48	2.34	-1.87
Martin ratio: Return relative to average drawdown	1.54	7.89	-6.35

TMCGX vs. PCLIX - Sharpe Ratio Comparison

The current TMCGX Sharpe Ratio is 0.38, which is lower than the PCLIX Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of TMCGX and PCLIX, 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. PCLIX - Drawdown Comparison

The maximum TMCGX drawdown since its inception was -39.66%, smaller than the maximum PCLIX drawdown of -66.60%. Use the drawdown chart below to compare losses from any high point for TMCGX and PCLIX.

Drawdown Indicators

	TMCGX	PCLIX	Difference
Max Drawdown Largest peak-to-trough decline	-39.66%	-66.60%	+26.94%
Max Drawdown (1Y) Largest decline over 1 year	-14.58%	-15.39%	+0.81%
Max Drawdown (3Y) Largest decline over 3 years	-25.28%	-15.39%	-9.89%
Max Drawdown (5Y) Largest decline over 5 years	-39.66%	-21.59%	-18.07%
Max Drawdown (10Y) Largest decline over 10 years	—	-51.78%	—
Current Drawdown Current decline from peak	-4.08%	-6.44%	+2.36%
Average Drawdown Average peak-to-trough decline	-15.63%	-24.00%	+8.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.50%	4.59%	-0.09%

Volatility

TMCGX vs. PCLIX - Volatility Comparison

The current volatility for Thrivent Mid Cap Growth Fund (TMCGX) is 4.17%, while PIMCO CommoditiesPLUS Strategy Fund (PCLIX) has a volatility of 5.97%. This indicates that TMCGX experiences smaller price fluctuations and is considered to be less risky than PCLIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TMCGX	PCLIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.17%	5.97%	-1.80%
Volatility (6M) Calculated over the trailing 6-month period	14.67%	17.90%	-3.23%
Volatility (1Y) Calculated over the trailing 1-year period	18.08%	19.99%	-1.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.38%	19.48%	+2.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.06%	40.52%	-16.46%

TMCGX vs. PCLIX - Expense Ratio Comparison

TMCGX has a 0.90% expense ratio, which is lower than PCLIX's 0.98% expense ratio.

Dividends

TMCGX vs. PCLIX - Dividend Comparison

TMCGX has not paid dividends to shareholders, while PCLIX's dividend yield for the trailing twelve months is around 10.37%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PCLIX PIMCO CommoditiesPLUS Strategy Fund	10.37%	2.45%	7.50%	5.06%	42.60%	73.41%	0.77%	2.46%	18.58%	12.63%	0.16%	2.22%
TMCGX Thrivent Mid Cap Growth Fund	0.00%	0.00%	0.00%	0.00%	0.00%	3.13%	2.82%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TMCGX and PCLIX in my portfolio?

TMCGX and PCLIX have a correlation of -0.12, 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 PCLIX?

PCLIX has higher volatility (5.97%) compared to TMCGX (4.17%). In terms of maximum drawdown, TMCGX dropped -39.66% vs PCLIX's -66.60%.

Which has better risk-adjusted returns?

PCLIX currently has the higher Sharpe Ratio (1.81 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.