TSCSX vs. VTMSX

Last updated Aug 1, 2026

TSCSX (Thrivent Small Cap Stock Fund Class S) and VTMSX (Vanguard Tax-Managed Small-Cap Fund Admiral Shares) are both Small Cap Blend Equities funds. Over the past 10 years, TSCSX returned 12.49%/yr vs 10.75%/yr for VTMSX. Their 0.96 correlation means they have historically moved very closely together. TSCSX charges 0.80%/yr vs 0.05%/yr for VTMSX.

Performance

TSCSX vs. VTMSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Thrivent Small Cap Stock Fund Class S (TSCSX) and Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSCSX achieves a 15.40% return, which is significantly lower than VTMSX's 21.93% return. Over the past 10 years, TSCSX has outperformed VTMSX with an annualized return of 12.49%, while VTMSX has yielded a comparatively lower 10.75% annualized return.

TSCSX

• 1D: 1.55%
• 1M: -2.54%
• 6M: 9.18%
• YTD: 15.40%
• 1Y: 23.97%
• 3Y*: 10.61%
• 5Y*: 6.63%
• 10Y*: 12.49%
• ALL TIME*: 9.15%

VTMSX

• 1D: 0.86%
• 1M: -0.56%
• 6M: 15.49%
• YTD: 21.93%
• 1Y: 36.13%
• 3Y*: 13.30%
• 5Y*: 7.52%
• 10Y*: 10.75%
• ALL TIME*: 10.61%

*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)
TSCSX Thrivent Small Cap Stock Fund Class S	$0.00	$0.00	$0.00
VTMSX Vanguard Tax-Managed Small-Cap Fund Admiral Shares	$0.00	$0.00	$0.00

TSCSX vs. VTMSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TSCSX Thrivent Small Cap Stock Fund Class S	15.40%	2.36%	12.73%	12.47%	-10.94%	24.22%	22.87%	27.92%	-10.52%	21.22%
VTMSX Vanguard Tax-Managed Small-Cap Fund Admiral Shares	21.93%	5.93%	8.61%	15.95%	-16.16%	27.08%	11.05%	23.28%	-8.62%	13.05%

Correlation

The correlation between TSCSX and VTMSX is 0.94, 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.	0.94
Correlation (3Y) Balances recent behavior with more history.	0.96
Correlation (5Y) Shows whether the relationship held over a longer period.	0.96
Correlation (10Y) Provides a long-term view across more market conditions.	0.96
Correlation (All Time) Calculated using the full available price history since Mar 25, 1999	0.96

The correlation between TSCSX and VTMSX has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

Return for Risk

TSCSX vs. VTMSX — Risk / Return Rank

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

TSCSX

TSCSX Risk / Return Rank: 42
TSCSX Sharpe Ratio Rank: 40
TSCSX Sortino Ratio Rank: 46
TSCSX Omega Ratio Rank: 37
TSCSX Calmar Ratio Rank: 48
TSCSX Martin Ratio Rank: 41

VTMSX

VTMSX Risk / Return Rank: 84
VTMSX Sharpe Ratio Rank: 80
VTMSX Sortino Ratio Rank: 81
VTMSX Omega Ratio Rank: 76
VTMSX Calmar Ratio Rank: 93
VTMSX Martin Ratio Rank: 92

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.

TSCSX vs. VTMSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Thrivent Small Cap Stock Fund Class S (TSCSX) and Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX). 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.

	TSCSX	VTMSX	Difference
Sharpe ratio: Return per unit of total volatility	1.18	1.87	-0.69
Sortino ratio: Return per unit of downside risk	1.81	2.77	-0.95
Omega ratio: Gain probability vs. loss probability	1.21	1.32	-0.12
Calmar ratio: Return relative to maximum drawdown	1.77	3.79	-2.01
Martin ratio: Return relative to average drawdown	5.83	12.88	-7.05

TSCSX vs. VTMSX - Sharpe Ratio Comparison

The current TSCSX Sharpe Ratio is 1.18, which is lower than the VTMSX Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of TSCSX and VTMSX, 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

TSCSX vs. VTMSX - Drawdown Comparison

The maximum TSCSX drawdown since its inception was -56.66%, roughly equal to the maximum VTMSX drawdown of -57.84%. Use the drawdown chart below to compare losses from any high point for TSCSX and VTMSX.

Drawdown Indicators

	TSCSX	VTMSX	Difference
Max Drawdown Largest peak-to-trough decline	-56.66%	-57.84%	+1.18%
Max Drawdown (1Y) Largest decline over 1 year	-11.53%	-8.59%	-2.94%
Max Drawdown (3Y) Largest decline over 3 years	-26.84%	-27.93%	+1.09%
Max Drawdown (5Y) Largest decline over 5 years	-27.04%	-27.93%	+0.89%
Max Drawdown (10Y) Largest decline over 10 years	-41.63%	-43.88%	+2.25%
Current Drawdown Current decline from peak	-4.05%	-1.82%	-2.23%
Average Drawdown Average peak-to-trough decline	-10.20%	-8.88%	-1.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.51%	2.53%	+0.98%

Volatility

TSCSX vs. VTMSX - Volatility Comparison

Thrivent Small Cap Stock Fund Class S (TSCSX) has a higher volatility of 4.07% compared to Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX) at 3.47%. This indicates that TSCSX's price experiences larger fluctuations and is considered to be riskier than VTMSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSCSX	VTMSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.07%	3.47%	+0.60%
Volatility (6M) Calculated over the trailing 6-month period	12.72%	11.67%	+1.05%
Volatility (1Y) Calculated over the trailing 1-year period	17.42%	17.40%	+0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.60%	21.32%	+0.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.08%	23.07%	-0.99%

TSCSX vs. VTMSX - Expense Ratio Comparison

TSCSX has a 0.80% expense ratio, which is higher than VTMSX's 0.05% expense ratio.

Dividends

TSCSX vs. VTMSX - Dividend Comparison

TSCSX's dividend yield for the trailing twelve months is around 2.04%, more than VTMSX's 1.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TSCSX Thrivent Small Cap Stock Fund Class S	2.04%	2.36%	3.18%	0.46%	9.60%	11.33%	1.60%	8.72%	15.00%	6.68%	4.19%	8.34%
VTMSX Vanguard Tax-Managed Small-Cap Fund Admiral Shares	1.19%	1.28%	1.44%	1.50%	1.51%	1.16%	1.09%	1.15%	1.26%	1.11%	1.01%	1.26%

Frequently Asked Questions

Can I hold both TSCSX and VTMSX in my portfolio?

With a correlation of 0.94, TSCSX and VTMSX 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, TSCSX or VTMSX?

TSCSX has higher volatility (4.07%) compared to VTMSX (3.47%). In terms of maximum drawdown, TSCSX dropped -56.66% vs VTMSX's -57.84%.

Which has better risk-adjusted returns?

VTMSX currently has the higher Sharpe Ratio (1.87 vs 1.18), 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.