AAHYX vs. AYBLX

Last updated Aug 5, 2026

AAHYX (Thrivent Diversified Income Plus Fund) and AYBLX (Pioneer Balanced ESG Fund) are both Diversified Portfolio funds. Over the past 10 years, AAHYX returned 4.67%/yr vs 10.21%/yr for AYBLX. Their 0.68 correlation means they have sometimes moved together and sometimes differently. AAHYX charges 0.94%/yr vs 0.65%/yr for AYBLX.

Performance

AAHYX vs. AYBLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Thrivent Diversified Income Plus Fund (AAHYX) and Pioneer Balanced ESG Fund (AYBLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AAHYX achieves a 3.22% return, which is significantly lower than AYBLX's 14.46% return. Over the past 10 years, AAHYX has underperformed AYBLX with an annualized return of 4.67%, while AYBLX has yielded a comparatively higher 10.21% annualized return.

AAHYX

• 1D: 0.47%
• 1M: -0.40%
• 6M: 2.02%
• YTD: 3.22%
• 1Y: 7.58%
• 3Y*: 7.95%
• 5Y*: 3.09%
• 10Y*: 4.67%
• ALL TIME*: 4.34%

AYBLX

• 1D: 1.18%
• 1M: 0.41%
• 6M: 10.82%
• YTD: 14.46%
• 1Y: 27.50%
• 3Y*: 16.85%
• 5Y*: 9.27%
• 10Y*: 10.21%
• ALL TIME*: 7.86%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AAHYX Thrivent Diversified Income Plus Fund	$0.00	$0.00	$0.00
AYBLX Pioneer Balanced ESG Fund	$0.00	$0.00	$0.00

AAHYX vs. AYBLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AAHYX Thrivent Diversified Income Plus Fund	3.22%	9.57%	6.80%	9.27%	-12.64%	6.22%	6.67%	13.12%	-3.08%	8.98%
AYBLX Pioneer Balanced ESG Fund	14.46%	19.80%	9.64%	15.41%	-14.39%	15.48%	12.92%	22.22%	-4.43%	15.19%

Correlation

The correlation between AAHYX and AYBLX is 0.87, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.87
Correlation (3Y) Balances recent behavior with more history.	0.81
Correlation (5Y) Shows whether the relationship held over a longer period.	0.83
Correlation (10Y) Provides a long-term view across more market conditions.	0.84
Correlation (All Time) Calculated using the full available price history since Aug 29, 1997	0.68

The correlation between AAHYX and AYBLX shifts across timeframes, from 0.68 (all time) to 0.87 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

AAHYX vs. AYBLX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AAHYX

AAHYX Risk / Return Rank: 68
AAHYX Sharpe Ratio Rank: 69
AAHYX Sortino Ratio Rank: 70
AAHYX Omega Ratio Rank: 70
AAHYX Calmar Ratio Rank: 60
AAHYX Martin Ratio Rank: 70

AYBLX

AYBLX Risk / Return Rank: 95
AYBLX Sharpe Ratio Rank: 97
AYBLX Sortino Ratio Rank: 96
AYBLX Omega Ratio Rank: 93
AYBLX Calmar Ratio Rank: 95
AYBLX Martin Ratio Rank: 97

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AAHYX vs. AYBLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Thrivent Diversified Income Plus Fund (AAHYX) and Pioneer Balanced ESG Fund (AYBLX). 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.

	AAHYX	AYBLX	Difference
Sharpe ratio: Return per unit of total volatility	1.78	2.85	-1.07
Sortino ratio: Return per unit of downside risk	2.56	4.04	-1.47
Omega ratio: Gain probability vs. loss probability	1.34	1.51	-0.17
Calmar ratio: Return relative to maximum drawdown	2.28	4.53	-2.26
Martin ratio: Return relative to average drawdown	9.60	19.45	-9.85

AAHYX vs. AYBLX - Sharpe Ratio Comparison

The current AAHYX Sharpe Ratio is 1.78, which is lower than the AYBLX Sharpe Ratio of 2.85. The chart below compares the historical Sharpe Ratios of AAHYX and AYBLX, 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

AAHYX vs. AYBLX - Drawdown Comparison

The maximum AAHYX drawdown since its inception was -34.18%, smaller than the maximum AYBLX drawdown of -36.28%. Use the drawdown chart below to compare losses from any high point for AAHYX and AYBLX.

Drawdown Indicators

	AAHYX	AYBLX	Difference
Max Drawdown Largest peak-to-trough decline	-34.18%	-36.28%	+2.10%
Max Drawdown (1Y) Largest decline over 1 year	-3.54%	-6.41%	+2.87%
Max Drawdown (3Y) Largest decline over 3 years	-5.06%	-13.39%	+8.33%
Max Drawdown (5Y) Largest decline over 5 years	-16.52%	-20.26%	+3.74%
Max Drawdown (10Y) Largest decline over 10 years	-20.04%	-24.24%	+4.20%
Current Drawdown Current decline from peak	-0.78%	-0.27%	-0.51%
Average Drawdown Average peak-to-trough decline	-4.53%	-3.77%	-0.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.84%	1.49%	-0.65%

Volatility

AAHYX vs. AYBLX - Volatility Comparison

The current volatility for Thrivent Diversified Income Plus Fund (AAHYX) is 1.34%, while Pioneer Balanced ESG Fund (AYBLX) has a volatility of 2.82%. This indicates that AAHYX experiences smaller price fluctuations and is considered to be less risky than AYBLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AAHYX	AYBLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.34%	2.82%	-1.48%
Volatility (6M) Calculated over the trailing 6-month period	3.79%	8.08%	-4.29%
Volatility (1Y) Calculated over the trailing 1-year period	4.54%	10.22%	-5.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.84%	11.16%	-5.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.02%	11.34%	-5.32%

AAHYX vs. AYBLX - Expense Ratio Comparison

AAHYX has a 0.94% expense ratio, which is higher than AYBLX's 0.65% expense ratio.

Dividends

AAHYX vs. AYBLX - Dividend Comparison

AAHYX's dividend yield for the trailing twelve months is around 3.43%, more than AYBLX's 3.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AAHYX Thrivent Diversified Income Plus Fund	3.43%	3.73%	3.83%	3.55%	3.10%	6.31%	2.44%	3.54%	5.72%	2.85%	3.39%	3.31%
AYBLX Pioneer Balanced ESG Fund	3.23%	3.58%	2.59%	1.76%	3.23%	8.61%	4.12%	6.03%	9.97%	9.42%	2.63%	4.14%

Frequently Asked Questions

Can I hold both AAHYX and AYBLX in my portfolio?

AAHYX and AYBLX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AAHYX or AYBLX?

AYBLX has higher volatility (2.82%) compared to AAHYX (1.34%). In terms of maximum drawdown, AAHYX dropped -34.18% vs AYBLX's -36.28%.

Which has better risk-adjusted returns?

AYBLX currently has the higher Sharpe Ratio (2.85 vs 1.78), 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.