TMCGX vs. VMGMX

Last updated Jun 5, 2026

TMCGX (Thrivent Mid Cap Growth Fund) and VMGMX (Vanguard Mid-Cap Growth Index Fund Admiral Shares) are both Mid Cap Growth Equities funds. Over the past 5 years, TMCGX returned 2.55%/yr vs 6.88%/yr for VMGMX. With a 0.96 correlation, they move nearly in lockstep. TMCGX charges 0.90%/yr vs 0.07%/yr for VMGMX.

Performance

TMCGX vs. VMGMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Thrivent Mid Cap Growth Fund (TMCGX) and Vanguard Mid-Cap Growth Index Fund Admiral Shares (VMGMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TMCGX achieves a 9.82% return, which is significantly higher than VMGMX's 8.36% return.

TMCGX

• 1D: -0.18%
• 1M: 4.81%
• YTD: 9.82%
• 6M: 6.68%
• 1Y: 13.76%
• 3Y*: 10.34%
• 5Y*: 2.55%
• 10Y*: —

VMGMX

• 1D: -0.83%
• 1M: 4.40%
• YTD: 8.36%
• 6M: 6.16%
• 1Y: 11.48%
• 3Y*: 16.24%
• 5Y*: 6.88%
• 10Y*: 12.17%

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

TMCGX vs. VMGMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
TMCGX Thrivent Mid Cap Growth Fund	9.82%	2.48%	10.20%	16.94%	-28.27%	11.39%	53.73%
VMGMX Vanguard Mid-Cap Growth Index Fund Admiral Shares	8.36%	10.69%	15.65%	23.93%	-28.84%	20.48%	42.78%

Correlation

The correlation between TMCGX and VMGMX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (All Time) Calculated using the full available price history since Mar 2, 2020	0.96

The correlation between TMCGX and VMGMX has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.

Return for Risk

TMCGX vs. VMGMX — 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: 11
TMCGX Calmar Ratio Rank: 11
TMCGX Martin Ratio Rank: 12

VMGMX

VMGMX Risk / Return Rank: 8
VMGMX Sharpe Ratio Rank: 9
VMGMX Sortino Ratio Rank: 9
VMGMX Omega Ratio Rank: 8
VMGMX Calmar Ratio Rank: 8
VMGMX Martin Ratio Rank: 8

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. VMGMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Thrivent Mid Cap Growth Fund (TMCGX) and Vanguard Mid-Cap Growth Index Fund Admiral Shares (VMGMX). 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.

	TMCGX	VMGMX	Difference
Sharpe ratio: Return per unit of total volatility	0.85	0.72	+0.13
Sortino ratio: Return per unit of downside risk	1.30	1.11	+0.19
Omega ratio: Gain probability vs. loss probability	1.16	1.13	+0.03
Calmar ratio: Return relative to maximum drawdown	1.00	0.72	+0.28
Martin ratio: Return relative to average drawdown	3.28	2.16	+1.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TMCGX vs. VMGMX - Sharpe Ratio Comparison

The current TMCGX Sharpe Ratio is 0.85, which is comparable to the VMGMX Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of TMCGX and VMGMX, 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

	TMCGX	VMGMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.85	0.72	+0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.12	0.32	-0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.58	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.64	-0.24

Drawdowns

TMCGX vs. VMGMX - Drawdown Comparison

The maximum TMCGX drawdown since its inception was -39.66%, which is greater than VMGMX's maximum drawdown of -37.17%. Use the drawdown chart below to compare losses from any high point for TMCGX and VMGMX.

Drawdown Indicators

	TMCGX	VMGMX	Difference
Max Drawdown Largest peak-to-trough decline	-39.66%	-37.17%	-2.49%
Max Drawdown (1Y) Largest decline over 1 year	-14.58%	-15.95%	+1.37%
Max Drawdown (3Y) Largest decline over 3 years	-25.28%	-21.65%	-3.63%
Max Drawdown (5Y) Largest decline over 5 years	-39.66%	-37.17%	-2.49%
Max Drawdown (10Y) Largest decline over 10 years	—	-37.17%	—
Current Drawdown Current decline from peak	-3.57%	-0.83%	-2.74%
Average Drawdown Average peak-to-trough decline	-15.94%	-7.02%	-8.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.42%	5.31%	-0.89%

Volatility

TMCGX vs. VMGMX - Volatility Comparison

The current volatility for Thrivent Mid Cap Growth Fund (TMCGX) is 4.03%, while Vanguard Mid-Cap Growth Index Fund Admiral Shares (VMGMX) has a volatility of 4.42%. This indicates that TMCGX experiences smaller price fluctuations and is considered to be less risky than VMGMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TMCGX	VMGMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.03%	4.42%	-0.39%
Volatility (6M) Calculated over the trailing 6-month period	13.75%	12.46%	+1.29%
Volatility (1Y) Calculated over the trailing 1-year period	17.03%	15.92%	+1.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.25%	21.42%	+0.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.18%	20.99%	+3.19%

TMCGX vs. VMGMX - Expense Ratio Comparison

TMCGX has a 0.90% expense ratio, which is higher than VMGMX's 0.07% expense ratio.

Dividends

TMCGX vs. VMGMX - Dividend Comparison

TMCGX has not paid dividends to shareholders, while VMGMX's dividend yield for the trailing twelve months is around 0.61%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VMGMX Vanguard Mid-Cap Growth Index Fund Admiral Shares	0.61%	0.64%	0.67%	0.71%	0.78%	0.34%	0.56%	0.78%	0.84%	0.72%	0.81%	0.82%

Frequently Asked Questions

Can I hold both TMCGX and VMGMX in my portfolio?

With a correlation of 0.94, TMCGX and VMGMX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, TMCGX or VMGMX?

VMGMX has higher volatility (4.42%) compared to TMCGX (4.03%). In terms of maximum drawdown, TMCGX dropped -39.66% vs VMGMX's -37.17%.

Which has better risk-adjusted returns?

TMCGX currently has the higher Sharpe Ratio (0.85 vs 0.72), 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.