AABFX vs. AAAAX

Last updated Jun 4, 2026

AABFX (Thrivent Balanced Income Plus Fund) and AAAAX (DWS RREEF Real Assets Fund - Class A) are both Diversified Portfolio funds. Over the past 10 years, AABFX returned 6.75%/yr vs 7.18%/yr for AAAAX. A 0.77 correlation means they provide meaningful diversification when combined. AABFX charges 1.00%/yr vs 1.22%/yr for AAAAX.

Performance

AABFX vs. AAAAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Thrivent Balanced Income Plus Fund (AABFX) and DWS RREEF Real Assets Fund - Class A (AAAAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AABFX achieves a 5.63% return, which is significantly lower than AAAAX's 10.64% return. Over the past 10 years, AABFX has underperformed AAAAX with an annualized return of 6.75%, while AAAAX has yielded a comparatively higher 7.18% annualized return.

AABFX

• 1D: 0.27%
• 1M: 2.58%
• YTD: 5.63%
• 6M: 5.92%
• 1Y: 15.32%
• 3Y*: 11.81%
• 5Y*: 5.66%
• 10Y*: 6.75%

AAAAX

• 1D: 0.57%
• 1M: -2.02%
• YTD: 10.64%
• 6M: 11.14%
• 1Y: 16.81%
• 3Y*: 11.38%
• 5Y*: 5.03%
• 10Y*: 7.18%

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

AABFX vs. AAAAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AABFX Thrivent Balanced Income Plus Fund	5.63%	12.23%	10.08%	12.04%	-13.93%	11.83%	8.69%	16.65%	-5.09%	10.06%
AAAAX DWS RREEF Real Assets Fund - Class A	10.64%	12.82%	5.24%	2.30%	-9.91%	23.45%	3.71%	21.42%	-5.36%	14.67%

Correlation

The correlation between AABFX and AAAAX is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (10Y) Calculated over the trailing 10-year period	0.75
Correlation (All Time) Calculated using the full available price history since Aug 1, 2007	0.77

Over the past year, the correlation between AABFX and AAAAX has dropped to 0.45 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.

Return for Risk

AABFX vs. AAAAX — Risk / Return Rank

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

AABFX

AABFX Risk / Return Rank: 70
AABFX Sharpe Ratio Rank: 72
AABFX Sortino Ratio Rank: 74
AABFX Omega Ratio Rank: 72
AABFX Calmar Ratio Rank: 62
AABFX Martin Ratio Rank: 70

AAAAX

AAAAX Risk / Return Rank: 46
AAAAX Sharpe Ratio Rank: 41
AAAAX Sortino Ratio Rank: 37
AAAAX Omega Ratio Rank: 42
AAAAX Calmar Ratio Rank: 58
AAAAX Martin Ratio Rank: 53

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.

AABFX vs. AAAAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Thrivent Balanced Income Plus Fund (AABFX) and DWS RREEF Real Assets Fund - Class A (AAAAX). 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.

	AABFX	AAAAX	Difference
Sharpe ratio: Return per unit of total volatility	2.47	1.85	+0.62
Sortino ratio: Return per unit of downside risk	3.59	2.53	+1.06
Omega ratio: Gain probability vs. loss probability	1.48	1.35	+0.13
Calmar ratio: Return relative to maximum drawdown	3.05	2.94	+0.11
Martin ratio: Return relative to average drawdown	13.43	10.79	+2.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AABFX vs. AAAAX - Sharpe Ratio Comparison

The current AABFX Sharpe Ratio is 2.47, which is higher than the AAAAX Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of AABFX and AAAAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AABFX	AAAAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.47	1.85	+0.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.42	+0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.73	0.57	+0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.39	+0.04

Drawdowns

AABFX vs. AAAAX - Drawdown Comparison

The maximum AABFX drawdown since its inception was -43.44%, which is greater than AAAAX's maximum drawdown of -40.47%. Use the drawdown chart below to compare losses from any high point for AABFX and AAAAX.

Drawdown Indicators

	AABFX	AAAAX	Difference
Max Drawdown Largest peak-to-trough decline	-43.44%	-40.47%	-2.97%
Max Drawdown (1Y) Largest decline over 1 year	-5.13%	-5.68%	+0.55%
Max Drawdown (3Y) Largest decline over 3 years	-7.04%	-10.17%	+3.13%
Max Drawdown (5Y) Largest decline over 5 years	-21.56%	-22.62%	+1.06%
Max Drawdown (10Y) Largest decline over 10 years	-27.40%	-29.41%	+2.01%
Current Drawdown Current decline from peak	0.00%	-2.77%	+2.77%
Average Drawdown Average peak-to-trough decline	-5.64%	-6.85%	+1.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.16%	1.54%	-0.38%

Volatility

AABFX vs. AAAAX - Volatility Comparison

The current volatility for Thrivent Balanced Income Plus Fund (AABFX) is 2.13%, while DWS RREEF Real Assets Fund - Class A (AAAAX) has a volatility of 2.54%. This indicates that AABFX experiences smaller price fluctuations and is considered to be less risky than AAAAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AABFX	AAAAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.13%	2.54%	-0.41%
Volatility (6M) Calculated over the trailing 6-month period	5.16%	7.27%	-2.11%
Volatility (1Y) Calculated over the trailing 1-year period	6.33%	9.02%	-2.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.53%	12.11%	-3.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.31%	12.69%	-3.38%

AABFX vs. AAAAX - Expense Ratio Comparison

AABFX has a 1.00% expense ratio, which is lower than AAAAX's 1.22% expense ratio.

Dividends

AABFX vs. AAAAX - Dividend Comparison

AABFX's dividend yield for the trailing twelve months is around 6.84%, more than AAAAX's 3.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AAAAX DWS RREEF Real Assets Fund - Class A	3.20%	3.54%	2.45%	2.08%	4.17%	2.31%	1.33%	1.81%	1.61%	1.52%	1.47%	2.15%
AABFX Thrivent Balanced Income Plus Fund	6.84%	7.25%	6.43%	2.97%	2.26%	6.99%	2.03%	2.37%	9.70%	2.04%	2.37%	1.90%

Frequently Asked Questions

Can I hold both AABFX and AAAAX in my portfolio?

AABFX and AAAAX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AABFX or AAAAX?

AAAAX has higher volatility (2.54%) compared to AABFX (2.13%). In terms of maximum drawdown, AABFX dropped -43.44% vs AAAAX's -40.47%.

Which has better risk-adjusted returns?

AABFX currently has the higher Sharpe Ratio (2.47 vs 1.85), 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.