AAAGX vs. AAUTX

Last updated Jun 24, 2026

AAAGX (Thrivent Large Cap Growth Fund) and AAUTX (Thrivent Large Cap Value Fund) are both mutual funds - AAAGX is a Large Cap Growth Equities fund managed by Thrivent, while AAUTX is a Large Cap Value Equities fund managed by Thrivent. Over the past 10 years, AAAGX returned 17.52%/yr vs 13.14%/yr for AAUTX. Their correlation of 0.82 suggests significant overlap in exposure. AAAGX charges 1.03%/yr vs 0.86%/yr for AAUTX.

Performance

AAAGX vs. AAUTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Thrivent Large Cap Growth Fund (AAAGX) and Thrivent Large Cap Value Fund (AAUTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AAAGX achieves a 3.45% return, which is significantly lower than AAUTX's 12.43% return. Over the past 10 years, AAAGX has outperformed AAUTX with an annualized return of 17.52%, while AAUTX has yielded a comparatively lower 13.14% 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%

AAUTX

• 1D: -0.14%
• 1M: 0.64%
• YTD: 12.43%
• 6M: 12.00%
• 1Y: 27.88%
• 3Y*: 21.48%
• 5Y*: 13.86%
• 10Y*: 13.14%

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

AAAGX vs. AAUTX - 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%
AAUTX Thrivent Large Cap Value Fund	12.43%	19.31%	21.28%	12.63%	-4.89%	31.65%	4.31%	23.66%	-8.82%	12.59%

Correlation

The correlation between AAAGX and AAUTX is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (10Y) Calculated over the trailing 10-year period	0.67
Correlation (All Time) Calculated using the full available price history since Oct 29, 1999	0.82

Over the past year, the correlation between AAAGX and AAUTX has dropped to 0.56 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.

Return for Risk

AAAGX vs. AAUTX — Risk / Return Rank

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

AAAGX

AAAGX Risk / Return Rank: 18
AAAGX Sharpe Ratio Rank: 21
AAAGX Sortino Ratio Rank: 19
AAAGX Omega Ratio Rank: 20
AAAGX Calmar Ratio Rank: 14
AAAGX Martin Ratio Rank: 16

AAUTX

AAUTX Risk / Return Rank: 86
AAUTX Sharpe Ratio Rank: 86
AAUTX Sortino Ratio Rank: 82
AAUTX Omega Ratio Rank: 79
AAUTX Calmar Ratio Rank: 91
AAUTX Martin Ratio Rank: 91

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.

AAAGX vs. AAUTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Thrivent Large Cap Growth Fund (AAAGX) and Thrivent Large Cap Value Fund (AAUTX). 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	AAUTX	Difference
Sharpe ratio: Return per unit of total volatility	1.21	2.59	-1.39
Sortino ratio: Return per unit of downside risk	1.70	3.57	-1.88
Omega ratio: Gain probability vs. loss probability	1.22	1.47	-0.25
Calmar ratio: Return relative to maximum drawdown	1.22	4.44	-3.22
Martin ratio: Return relative to average drawdown	4.02	16.96	-12.94

AAAGX vs. AAUTX - Sharpe Ratio Comparison

The current AAAGX Sharpe Ratio is 1.21, which is lower than the AAUTX Sharpe Ratio of 2.59. The chart below compares the historical Sharpe Ratios of AAAGX and AAUTX, 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

AAAGX vs. AAUTX - Drawdown Comparison

The maximum AAAGX drawdown since its inception was -64.98%, which is greater than AAUTX's maximum drawdown of -54.34%. Use the drawdown chart below to compare losses from any high point for AAAGX and AAUTX.

Drawdown Indicators

	AAAGX	AAUTX	Difference
Max Drawdown Largest peak-to-trough decline	-64.98%	-54.34%	-10.64%
Max Drawdown (1Y) Largest decline over 1 year	-16.76%	-6.48%	-10.28%
Max Drawdown (3Y) Largest decline over 3 years	-23.44%	-14.85%	-8.59%
Max Drawdown (5Y) Largest decline over 5 years	-40.41%	-18.71%	-21.70%
Max Drawdown (10Y) Largest decline over 10 years	-40.41%	-38.88%	-1.53%
Current Drawdown Current decline from peak	-2.82%	-1.14%	-1.68%
Average Drawdown Average peak-to-trough decline	-23.83%	-7.98%	-15.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.07%	1.69%	+3.38%

Volatility

AAAGX vs. AAUTX - Volatility Comparison

Thrivent Large Cap Growth Fund (AAAGX) has a higher volatility of 6.48% compared to Thrivent Large Cap Value Fund (AAUTX) at 3.54%. This indicates that AAAGX's price experiences larger fluctuations and is considered to be riskier than AAUTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AAAGX	AAUTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.48%	3.54%	+2.94%
Volatility (6M) Calculated over the trailing 6-month period	13.40%	8.34%	+5.06%
Volatility (1Y) Calculated over the trailing 1-year period	16.94%	11.12%	+5.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.88%	15.85%	+7.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.79%	17.80%	+3.99%

AAAGX vs. AAUTX - Expense Ratio Comparison

AAAGX has a 1.03% expense ratio, which is higher than AAUTX's 0.86% expense ratio.

Dividends

AAAGX vs. AAUTX - Dividend Comparison

AAAGX's dividend yield for the trailing twelve months is around 3.64%, less than AAUTX's 4.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
AAUTX Thrivent Large Cap Value Fund	4.70%	5.28%	16.25%	3.22%	6.12%	7.62%	6.33%	1.52%	7.44%	1.08%	1.18%

Frequently Asked Questions

Can I hold both AAAGX and AAUTX in my portfolio?

AAAGX and AAUTX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AAAGX or AAUTX?

AAAGX has higher volatility (6.48%) compared to AAUTX (3.54%). In terms of maximum drawdown, AAAGX dropped -64.98% vs AAUTX's -54.34%.

Which has better risk-adjusted returns?

AAUTX currently has the higher Sharpe Ratio (2.59 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.