Term graphs constructed from document collections as well as external resources, such as encyclopedias (DBpedia) and knowledge bases (Freebase and ConceptNet), have been individually shown to be effective sources of semantically related terms for query expansion, particularly in case of difficult queries. However, it is not known how they compare with each other in terms of retrieval effectiveness. In this work, we use standard TREC collections to empirically compare the retrieval effectiveness of these types of term graphs for regular and difficult queries. Our results indicate that the term association graphs constructed from document collections using information theoretic measures are nearly as effective as knowledge graphs for Web collections, while the term graphs derived from DBpedia, Freebase and ConceptNet are more effective than term association graphs for newswire collections. We also found out that the term graphs derived from ConceptNet generally outperformed the term g...