AABFX vs. AAAGX

Last updated Jun 5, 2026

AABFX (Thrivent Balanced Income Plus Fund) and AAAGX (Thrivent Large Cap Growth Fund) are both mutual funds - AABFX is a Diversified Portfolio fund managed by Thrivent, while AAAGX is a Large Cap Growth Equities fund managed by Thrivent. Over the past 10 years, AABFX returned 6.71%/yr vs 17.14%/yr for AAAGX. Their correlation of 0.89 suggests significant overlap in exposure. AABFX charges 1.00%/yr vs 1.03%/yr for AAAGX.

Performance

AABFX vs. AAAGX - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with AABFX having a 5.21% return and AAAGX slightly higher at 5.37%. Over the past 10 years, AABFX has underperformed AAAGX with an annualized return of 6.71%, while AAAGX has yielded a comparatively higher 17.14% annualized return.

AABFX

• 1D: -0.40%
• 1M: 1.69%
• YTD: 5.21%
• 6M: 5.56%
• 1Y: 14.54%
• 3Y*: 11.66%
• 5Y*: 5.47%
• 10Y*: 6.71%

AAAGX

• 1D: -0.88%
• 1M: 3.89%
• YTD: 5.37%
• 6M: 4.30%
• 1Y: 21.89%
• 3Y*: 25.99%
• 5Y*: 13.39%
• 10Y*: 17.14%

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

AABFX vs. AAAGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AABFX Thrivent Balanced Income Plus Fund	5.21%	12.23%	10.08%	12.04%	-13.93%	11.83%	8.69%	16.65%	-5.09%	10.06%
AAAGX Thrivent Large Cap Growth Fund	5.37%	16.12%	39.55%	46.09%	-34.10%	22.05%	42.49%	31.64%	1.43%	24.42%

Correlation

The correlation between AABFX and AAAGX is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.83
Correlation (All Time) Calculated using the full available price history since Nov 1, 1999	0.89

The correlation between AABFX and AAAGX has been stable across timeframes, ranging from 0.79 to 0.89 - a consistent structural relationship.

Return for Risk

AABFX vs. AAAGX — Risk / Return Rank

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

AABFX

AABFX Risk / Return Rank: 65
AABFX Sharpe Ratio Rank: 65
AABFX Sortino Ratio Rank: 68
AABFX Omega Ratio Rank: 67
AABFX Calmar Ratio Rank: 58
AABFX Martin Ratio Rank: 67

AAAGX

AAAGX Risk / Return Rank: 20
AAAGX Sharpe Ratio Rank: 24
AAAGX Sortino Ratio Rank: 22
AAAGX Omega Ratio Rank: 22
AAAGX Calmar Ratio Rank: 15
AAAGX Martin Ratio Rank: 16

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. AAAGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Thrivent Balanced Income Plus Fund (AABFX) and Thrivent Large Cap Growth Fund (AAAGX). 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	AAAGX	Difference
Sharpe ratio: Return per unit of total volatility	2.35	1.41	+0.94
Sortino ratio: Return per unit of downside risk	3.42	1.97	+1.45
Omega ratio: Gain probability vs. loss probability	1.45	1.25	+0.20
Calmar ratio: Return relative to maximum drawdown	2.91	1.35	+1.56
Martin ratio: Return relative to average drawdown	12.82	4.50	+8.31
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. AAAGX - Sharpe Ratio Comparison

The current AABFX Sharpe Ratio is 2.35, which is higher than the AAAGX Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of AABFX and AAAGX, 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	AAAGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.35	1.41	+0.94
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	0.59	+0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.72	0.79	-0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.33	+0.09

Drawdowns

AABFX vs. AAAGX - Drawdown Comparison

The maximum AABFX drawdown since its inception was -43.44%, smaller than the maximum AAAGX drawdown of -64.98%. Use the drawdown chart below to compare losses from any high point for AABFX and AAAGX.

Drawdown Indicators

	AABFX	AAAGX	Difference
Max Drawdown Largest peak-to-trough decline	-43.44%	-64.98%	+21.54%
Max Drawdown (1Y) Largest decline over 1 year	-5.13%	-16.76%	+11.63%
Max Drawdown (3Y) Largest decline over 3 years	-7.04%	-23.44%	+16.40%
Max Drawdown (5Y) Largest decline over 5 years	-21.56%	-40.41%	+18.85%
Max Drawdown (10Y) Largest decline over 10 years	-27.40%	-40.41%	+13.01%
Current Drawdown Current decline from peak	-0.40%	-1.02%	+0.62%
Average Drawdown Average peak-to-trough decline	-5.64%	-23.87%	+18.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.16%	5.01%	-3.85%

Volatility

AABFX vs. AAAGX - Volatility Comparison

The current volatility for Thrivent Balanced Income Plus Fund (AABFX) is 2.15%, while Thrivent Large Cap Growth Fund (AAAGX) has a volatility of 3.93%. This indicates that AABFX experiences smaller price fluctuations and is considered to be less risky than AAAGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AABFX	AAAGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.15%	3.93%	-1.78%
Volatility (6M) Calculated over the trailing 6-month period	5.16%	12.21%	-7.05%
Volatility (1Y) Calculated over the trailing 1-year period	6.35%	16.00%	-9.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.53%	22.74%	-14.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.31%	21.71%	-12.40%

AABFX vs. AAAGX - Expense Ratio Comparison

AABFX has a 1.00% expense ratio, which is lower than AAAGX's 1.03% expense ratio.

Dividends

AABFX vs. AAAGX - Dividend Comparison

AABFX's dividend yield for the trailing twelve months is around 6.87%, more than AAAGX's 3.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AAAGX Thrivent Large Cap Growth Fund	3.57%	3.77%	14.46%	3.55%	9.38%	6.93%	7.74%	5.39%	12.26%	0.00%	0.60%	0.00%
AABFX Thrivent Balanced Income Plus Fund	6.87%	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 AAAGX in my portfolio?

AABFX and AAAGX have a correlation of 0.82, 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 AAAGX?

AAAGX has higher volatility (3.93%) compared to AABFX (2.15%). In terms of maximum drawdown, AABFX dropped -43.44% vs AAAGX's -64.98%.

Which has better risk-adjusted returns?

AABFX currently has the higher Sharpe Ratio (2.35 vs 1.41), 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.