TSCGX vs. VSGAX

Last updated Jun 26, 2026

TSCGX (Thrivent Small Cap Growth Fund) and VSGAX (Vanguard Small-Cap Growth Index Fund Admiral Shares) are both Small Cap Growth Equities funds. Over the past 5 years, TSCGX returned 3.06%/yr vs 4.58%/yr for VSGAX. Their correlation of 0.90 suggests significant overlap in exposure. TSCGX charges 1.21%/yr vs 0.07%/yr for VSGAX.

Performance

TSCGX vs. VSGAX - Performance Comparison

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

Returns By Period

In the year-to-date period, TSCGX achieves a 20.62% return, which is significantly higher than VSGAX's 17.55% return.

TSCGX

• 1D: 0.82%
• 1M: 3.46%
• YTD: 20.62%
• 6M: 17.11%
• 1Y: 29.30%
• 3Y*: 13.08%
• 5Y*: 3.06%
• 10Y*: —

VSGAX

• 1D: 0.59%
• 1M: 0.48%
• YTD: 17.55%
• 6M: 14.45%
• 1Y: 30.90%
• 3Y*: 17.81%
• 5Y*: 4.58%
• 10Y*: 12.08%

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

TSCGX vs. VSGAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
TSCGX Thrivent Small Cap Growth Fund	20.62%	1.84%	10.83%	9.90%	-22.54%	11.30%	55.07%	30.05%	-11.15%
VSGAX Vanguard Small-Cap Growth Index Fund Admiral Shares	17.55%	8.44%	14.94%	23.04%	-28.39%	5.70%	35.26%	32.76%	-10.47%

Correlation

The correlation between TSCGX and VSGAX is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since Mar 19, 2018	0.90

The correlation between TSCGX and VSGAX has been stable across timeframes, ranging from 0.90 to 0.96 - a consistent structural relationship.

Return for Risk

TSCGX vs. VSGAX — Risk / Return Rank

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

TSCGX

TSCGX Risk / Return Rank: 41
TSCGX Sharpe Ratio Rank: 36
TSCGX Sortino Ratio Rank: 36
TSCGX Omega Ratio Rank: 32
TSCGX Calmar Ratio Rank: 53
TSCGX Martin Ratio Rank: 47

VSGAX

VSGAX Risk / Return Rank: 43
VSGAX Sharpe Ratio Rank: 35
VSGAX Sortino Ratio Rank: 34
VSGAX Omega Ratio Rank: 31
VSGAX Calmar Ratio Rank: 60
VSGAX Martin Ratio Rank: 55

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.

TSCGX vs. VSGAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Thrivent Small Cap Growth Fund (TSCGX) and Vanguard Small-Cap Growth Index Fund Admiral Shares (VSGAX). 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	VSGAX	Difference
Sharpe ratio: Return per unit of total volatility	1.42	1.45	-0.03
Sortino ratio: Return per unit of downside risk	2.08	2.05	+0.03
Omega ratio: Gain probability vs. loss probability	1.25	1.25	0.00
Calmar ratio: Return relative to maximum drawdown	2.42	2.59	-0.18
Martin ratio: Return relative to average drawdown	8.38	9.69	-1.31

TSCGX vs. VSGAX - Sharpe Ratio Comparison

The current TSCGX Sharpe Ratio is 1.42, which is comparable to the VSGAX Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of TSCGX and VSGAX, 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

TSCGX vs. VSGAX - Drawdown Comparison

The maximum TSCGX drawdown since its inception was -38.84%, roughly equal to the maximum VSGAX drawdown of -38.70%. Use the drawdown chart below to compare losses from any high point for TSCGX and VSGAX.

Drawdown Indicators

	TSCGX	VSGAX	Difference
Max Drawdown Largest peak-to-trough decline	-38.84%	-38.70%	-0.14%
Max Drawdown (1Y) Largest decline over 1 year	-11.66%	-11.37%	-0.29%
Max Drawdown (3Y) Largest decline over 3 years	-27.59%	-27.47%	-0.12%
Max Drawdown (5Y) Largest decline over 5 years	-38.84%	-38.36%	-0.48%
Max Drawdown (10Y) Largest decline over 10 years	—	-38.70%	—
Current Drawdown Current decline from peak	-1.03%	-1.00%	-0.03%
Average Drawdown Average peak-to-trough decline	-12.99%	-8.52%	-4.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.35%	3.04%	+0.31%

Volatility

TSCGX vs. VSGAX - Volatility Comparison

Thrivent Small Cap Growth Fund (TSCGX) and Vanguard Small-Cap Growth Index Fund Admiral Shares (VSGAX) have volatilities of 6.89% and 7.08%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSCGX	VSGAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.89%	7.08%	-0.19%
Volatility (6M) Calculated over the trailing 6-month period	15.61%	15.77%	-0.16%
Volatility (1Y) Calculated over the trailing 1-year period	19.83%	20.34%	-0.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.89%	23.71%	+0.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.45%	23.05%	+1.40%

TSCGX vs. VSGAX - Expense Ratio Comparison

TSCGX has a 1.21% expense ratio, which is higher than VSGAX's 0.07% expense ratio.

Dividends

TSCGX vs. VSGAX - Dividend Comparison

TSCGX's dividend yield for the trailing twelve months is around 0.77%, more than VSGAX's 0.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TSCGX Thrivent Small Cap Growth Fund	0.77%	0.87%	0.00%	0.00%	0.00%	2.39%	2.20%	0.50%	2.27%	0.00%	0.00%	0.00%
VSGAX Vanguard Small-Cap Growth Index Fund Admiral Shares	0.44%	0.54%	0.54%	0.67%	0.55%	0.36%	0.44%	0.57%	0.79%	0.81%	1.08%	0.98%

Frequently Asked Questions

Can I hold both TSCGX and VSGAX in my portfolio?

With a correlation of 0.92, TSCGX and VSGAX 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, TSCGX or VSGAX?

VSGAX has higher volatility (7.08%) compared to TSCGX (6.89%). In terms of maximum drawdown, TSCGX dropped -38.84% vs VSGAX's -38.70%.

Which has better risk-adjusted returns?

VSGAX currently has the higher Sharpe Ratio (1.45 vs 1.42), 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.