TSCGX vs. IWO
TSCGX (Thrivent Small Cap Growth Fund) and IWO (iShares Russell 2000 Growth ETF) are both Small Cap Growth Equities funds. Over the past 5 years, TSCGX returned 2.69%/yr vs 5.77%/yr for IWO. Their correlation of 0.89 means they have usually moved in the same direction. TSCGX charges 1.21%/yr vs 0.24%/yr for IWO.
Performance
TSCGX vs. IWO - Performance Comparison
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Returns By Period
In the year-to-date period, TSCGX achieves a 18.93% return, which is significantly lower than IWO's 20.41% return.
TSCGX
- 1D
- 2.73%
- 1M
- -2.24%
- 6M
- 13.56%
- YTD
- 18.93%
- 1Y
- 22.53%
- 3Y*
- 10.63%
- 5Y*
- 2.69%
- 10Y*
- —
- ALL TIME*
- 10.34%
IWO
- 1D
- 2.68%
- 1M
- 0.41%
- 6M
- 14.89%
- YTD
- 20.41%
- 1Y
- 33.81%
- 3Y*
- 17.15%
- 5Y*
- 5.77%
- 10Y*
- 10.96%
- ALL TIME*
- 7.07%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $179.14M | $160.12M | $166.50M | |
| $0.00 | $0.00 | $0.00 |
TSCGX vs. IWO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TSCGX Thrivent Small Cap Growth Fund | 18.93% | 1.84% | 10.83% | 9.90% | -22.54% | 11.30% | 55.07% | 30.05% | -11.15% |
IWO iShares Russell 2000 Growth ETF | 20.41% | 12.90% | 15.04% | 18.51% | -26.27% | 2.54% | 34.68% | 28.48% | -14.69% |
Correlation
The correlation between TSCGX and IWO is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2018 | 0.89 |
The correlation between TSCGX and IWO has been stable across timeframes, ranging from 0.89 to 0.95 - a consistent structural relationship.
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Return for Risk
TSCGX vs. IWO — Risk / Return Rank
TSCGX
IWO
TSCGX vs. IWO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thrivent Small Cap Growth Fund (TSCGX) and iShares Russell 2000 Growth ETF (IWO). 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.
| TSCGX | IWO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.25 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 2.28 | -0.19 |
| Martin ratioReturn relative to average drawdown | 6.57 | 7.84 | -1.26 |
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Drawdowns
TSCGX vs. IWO - Drawdown Comparison
The maximum TSCGX drawdown since its inception was -38.84%, smaller than the maximum IWO drawdown of -60.11%. Use the drawdown chart below to compare losses from any high point for TSCGX and IWO.
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Drawdown Indicators
| TSCGX | IWO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.84% | -60.11% | +21.27% |
Max Drawdown (1Y)Largest decline over 1 year | -11.66% | -14.87% | +3.21% |
Max Drawdown (3Y)Largest decline over 3 years | -27.59% | -28.57% | +0.98% |
Max Drawdown (5Y)Largest decline over 5 years | -38.84% | -40.51% | +1.67% |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.02% | — |
Current DrawdownCurrent decline from peak | -4.54% | -1.42% | -3.12% |
Average DrawdownAverage peak-to-trough decline | -12.88% | -16.62% | +3.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.71% | 4.33% | -0.62% |
Volatility
TSCGX vs. IWO - Volatility Comparison
The current volatility for Thrivent Small Cap Growth Fund (TSCGX) is 6.30%, while iShares Russell 2000 Growth ETF (IWO) has a volatility of 6.69%. This indicates that TSCGX experiences smaller price fluctuations and is considered to be less risky than IWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSCGX | IWO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.30% | 6.69% | -0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 16.26% | 17.25% | -0.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.55% | 22.51% | -1.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.99% | 24.67% | -0.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.41% | 24.20% | +0.21% |
TSCGX vs. IWO - Expense Ratio Comparison
TSCGX has a 1.21% expense ratio, which is higher than IWO's 0.24% expense ratio.
Dividends
TSCGX vs. IWO - Dividend Comparison
TSCGX's dividend yield for the trailing twelve months is around 0.78%, more than IWO's 0.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWO iShares Russell 2000 Growth ETF | 0.42% | 0.56% | 0.80% | 0.73% | 0.73% | 0.32% | 0.44% | 0.71% | 0.76% | 0.73% | 0.97% | 0.89% |
TSCGX Thrivent Small Cap Growth Fund | 0.78% | 0.87% | 0.00% | 0.00% | 0.00% | 2.39% | 2.20% | 0.50% | 2.27% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, TSCGX and IWO 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.
IWO has higher volatility (6.69%) compared to TSCGX (6.30%). In terms of maximum drawdown, TSCGX dropped -38.84% vs IWO's -60.11%.
IWO currently has the higher Sharpe Ratio (1.52 vs 1.19), 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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