AAHYX vs. SCLAX

Last updated Aug 5, 2026

AAHYX (Thrivent Diversified Income Plus Fund) and SCLAX (SEI Institutional Managed Trust Multi-Asset Capital Stability Fund) are both Diversified Portfolio funds. Over the past 10 years, AAHYX returned 4.67%/yr vs 3.19%/yr for SCLAX. Their 0.75 correlation means they have sometimes moved together and sometimes differently. AAHYX charges 0.94%/yr vs 0.62%/yr for SCLAX.

Performance

AAHYX vs. SCLAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Thrivent Diversified Income Plus Fund (AAHYX) and SEI Institutional Managed Trust Multi-Asset Capital Stability Fund (SCLAX). 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 higher than SCLAX's 2.56% return. Over the past 10 years, AAHYX has outperformed SCLAX with an annualized return of 4.67%, while SCLAX has yielded a comparatively lower 3.19% 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%

SCLAX

• 1D: 0.29%
• 1M: 0.10%
• 6M: 1.76%
• YTD: 2.56%
• 1Y: 5.42%
• 3Y*: 5.80%
• 5Y*: 3.30%
• 10Y*: 3.19%
• ALL TIME*: 2.62%

*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
SCLAX SEI Institutional Managed Trust Multi-Asset Capital Stability Fund	$0.00	$0.00	$0.00

AAHYX vs. SCLAX - 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%
SCLAX SEI Institutional Managed Trust Multi-Asset Capital Stability Fund	2.56%	6.49%	4.92%	6.96%	-3.74%	1.72%	3.30%	7.91%	-0.67%	3.88%

Correlation

The correlation between AAHYX and SCLAX is 0.90, 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.	0.90
Correlation (3Y) Balances recent behavior with more history.	0.84
Correlation (5Y) Shows whether the relationship held over a longer period.	0.86
Correlation (10Y) Provides a long-term view across more market conditions.	0.81
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013	0.75

The correlation between AAHYX and SCLAX shifts across timeframes, from 0.75 (all time) to 0.90 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

AAHYX vs. SCLAX — 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

SCLAX

SCLAX Risk / Return Rank: 76
SCLAX Sharpe Ratio Rank: 81
SCLAX Sortino Ratio Rank: 81
SCLAX Omega Ratio Rank: 80
SCLAX Calmar Ratio Rank: 70
SCLAX Martin Ratio Rank: 70

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. SCLAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Thrivent Diversified Income Plus Fund (AAHYX) and SEI Institutional Managed Trust Multi-Asset Capital Stability Fund (SCLAX). 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	SCLAX	Difference
Sharpe ratio: Return per unit of total volatility	1.78	1.98	-0.20
Sortino ratio: Return per unit of downside risk	2.56	2.86	-0.30
Omega ratio: Gain probability vs. loss probability	1.34	1.39	-0.05
Calmar ratio: Return relative to maximum drawdown	2.28	2.49	-0.21
Martin ratio: Return relative to average drawdown	9.60	9.57	+0.04

AAHYX vs. SCLAX - Sharpe Ratio Comparison

The current AAHYX Sharpe Ratio is 1.78, which is comparable to the SCLAX Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of AAHYX and SCLAX, 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. SCLAX - Drawdown Comparison

The maximum AAHYX drawdown since its inception was -34.18%, which is greater than SCLAX's maximum drawdown of -5.59%. Use the drawdown chart below to compare losses from any high point for AAHYX and SCLAX.

Drawdown Indicators

	AAHYX	SCLAX	Difference
Max Drawdown Largest peak-to-trough decline	-34.18%	-5.59%	-28.59%
Max Drawdown (1Y) Largest decline over 1 year	-3.54%	-2.32%	-1.22%
Max Drawdown (3Y) Largest decline over 3 years	-5.06%	-3.41%	-1.65%
Max Drawdown (5Y) Largest decline over 5 years	-16.52%	-5.59%	-10.93%
Max Drawdown (10Y) Largest decline over 10 years	-20.04%	-5.59%	-14.45%
Current Drawdown Current decline from peak	-0.78%	-0.19%	-0.59%
Average Drawdown Average peak-to-trough decline	-4.53%	-1.14%	-3.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.84%	0.60%	+0.24%

Volatility

AAHYX vs. SCLAX - Volatility Comparison

Thrivent Diversified Income Plus Fund (AAHYX) has a higher volatility of 1.34% compared to SEI Institutional Managed Trust Multi-Asset Capital Stability Fund (SCLAX) at 0.82%. This indicates that AAHYX's price experiences larger fluctuations and is considered to be riskier than SCLAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AAHYX	SCLAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.34%	0.82%	+0.52%
Volatility (6M) Calculated over the trailing 6-month period	3.79%	2.35%	+1.44%
Volatility (1Y) Calculated over the trailing 1-year period	4.54%	2.92%	+1.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.84%	3.12%	+2.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.02%	2.77%	+3.25%

AAHYX vs. SCLAX - Expense Ratio Comparison

AAHYX has a 0.94% expense ratio, which is higher than SCLAX's 0.62% expense ratio.

Dividends

AAHYX vs. SCLAX - Dividend Comparison

AAHYX's dividend yield for the trailing twelve months is around 3.43%, more than SCLAX's 1.83% 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%
SCLAX SEI Institutional Managed Trust Multi-Asset Capital Stability Fund	1.83%	1.88%	7.87%	4.06%	1.90%	2.79%	1.01%	4.67%	0.54%	3.77%	0.69%	1.18%

Frequently Asked Questions

Can I hold both AAHYX and SCLAX in my portfolio?

With a correlation of 0.90, AAHYX and SCLAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, AAHYX or SCLAX?

AAHYX has higher volatility (1.34%) compared to SCLAX (0.82%). In terms of maximum drawdown, AAHYX dropped -34.18% vs SCLAX's -5.59%.

Which has better risk-adjusted returns?

SCLAX currently has the higher Sharpe Ratio (1.98 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.