AAAGX vs. AAMBX
AAAGX (Thrivent Large Cap Growth Fund) and AAMBX (Thrivent Municipal Bond Fund) are both mutual funds - AAAGX is a Large Cap Growth Equities fund managed by Thrivent, while AAMBX is a Municipal Bonds fund managed by Thrivent. Over the past 10 years, AAAGX returned 17.52%/yr vs 1.71%/yr for AAMBX. At a correlation of -0.08, they often move in opposite directions. AAAGX charges 1.03%/yr vs 0.74%/yr for AAMBX.
Performance
AAAGX vs. AAMBX - Performance Comparison
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Returns By Period
In the year-to-date period, AAAGX achieves a 3.45% return, which is significantly higher than AAMBX's 2.08% return. Over the past 10 years, AAAGX has outperformed AAMBX with an annualized return of 17.52%, while AAMBX has yielded a comparatively lower 1.71% annualized return.
AAAGX
- 1D
- -0.99%
- 1M
- -0.24%
- YTD
- 3.45%
- 6M
- 2.09%
- 1Y
- 19.01%
- 3Y*
- 24.16%
- 5Y*
- 11.83%
- 10Y*
- 17.52%
AAMBX
- 1D
- -0.10%
- 1M
- 2.10%
- YTD
- 2.08%
- 6M
- 2.51%
- 1Y
- 7.33%
- 3Y*
- 3.79%
- 5Y*
- 0.61%
- 10Y*
- 1.71%
AAAGX vs. AAMBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AAAGX Thrivent Large Cap Growth Fund | 3.45% | 16.12% | 39.55% | 46.09% | -34.10% | 22.05% | 42.49% | 31.64% | 1.43% | 24.42% |
AAMBX Thrivent Municipal Bond Fund | 2.08% | 3.39% | 2.70% | 6.18% | -10.93% | 1.99% | 4.78% | 7.38% | 0.32% | 4.47% |
Correlation
The correlation between AAAGX and AAMBX is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 1999 | -0.08 |
The correlation between AAAGX and AAMBX shifts across timeframes, from -0.08 (all time) to 0.20 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
AAAGX vs. AAMBX — Risk / Return Rank
AAAGX
AAMBX
AAAGX vs. AAMBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thrivent Large Cap Growth Fund (AAAGX) and Thrivent Municipal Bond Fund (AAMBX). 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.
| AAAGX | AAMBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.76 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.52 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 2.39 | -1.17 |
| Martin ratioReturn relative to average drawdown | 4.02 | 8.26 | -4.23 |
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Drawdowns
AAAGX vs. AAMBX - Drawdown Comparison
The maximum AAAGX drawdown since its inception was -64.98%, which is greater than AAMBX's maximum drawdown of -49.18%. Use the drawdown chart below to compare losses from any high point for AAAGX and AAMBX.
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Drawdown Indicators
| AAAGX | AAMBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.98% | -49.18% | -15.80% |
Max Drawdown (1Y)Largest decline over 1 year | -16.76% | -3.13% | -13.63% |
Max Drawdown (3Y)Largest decline over 3 years | -23.44% | -7.56% | -15.88% |
Max Drawdown (5Y)Largest decline over 5 years | -40.41% | -16.17% | -24.24% |
Max Drawdown (10Y)Largest decline over 10 years | -40.41% | -16.17% | -24.24% |
Current DrawdownCurrent decline from peak | -2.82% | -0.10% | -2.72% |
Average DrawdownAverage peak-to-trough decline | -23.83% | -5.20% | -18.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.07% | 0.90% | +4.17% |
Volatility
AAAGX vs. AAMBX - Volatility Comparison
Thrivent Large Cap Growth Fund (AAAGX) has a higher volatility of 6.48% compared to Thrivent Municipal Bond Fund (AAMBX) at 0.90%. This indicates that AAAGX's price experiences larger fluctuations and is considered to be riskier than AAMBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAAGX | AAMBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.48% | 0.90% | +5.58% |
Volatility (6M)Calculated over the trailing 6-month period | 13.40% | 2.53% | +10.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.94% | 3.39% | +13.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.88% | 4.77% | +18.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.79% | 4.43% | +17.36% |
AAAGX vs. AAMBX - Expense Ratio Comparison
AAAGX has a 1.03% expense ratio, which is higher than AAMBX's 0.74% expense ratio.
Dividends
AAAGX vs. AAMBX - Dividend Comparison
AAAGX's dividend yield for the trailing twelve months is around 3.64%, more than AAMBX's 3.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAAGX Thrivent Large Cap Growth Fund | 3.64% | 3.77% | 14.46% | 3.55% | 9.38% | 6.93% | 7.74% | 5.39% | 12.26% | 0.00% | 0.60% | 0.00% |
AAMBX Thrivent Municipal Bond Fund | 3.51% | 4.65% | 3.93% | 2.58% | 2.97% | 2.66% | 2.80% | 3.35% | 3.45% | 3.40% | 3.41% | 3.39% |
Frequently Asked Questions
AAAGX and AAMBX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAAGX has higher volatility (6.48%) compared to AAMBX (0.90%). In terms of maximum drawdown, AAAGX dropped -64.98% vs AAMBX's -49.18%.
AAMBX currently has the higher Sharpe Ratio (2.21 vs 1.21), 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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