AAINX vs. AALGX

Last updated Aug 1, 2026

AAINX (Thrivent Opportunity Income Plus Fund) and AALGX (Thrivent Global Stock Fund) are both mutual funds - AAINX is a Multisector Bonds fund managed by Thrivent, while AALGX is a Global Equities fund managed by Thrivent. Over the past 10 years, AAINX returned 2.75%/yr vs 11.18%/yr for AALGX. Their 0.05 correlation means their historical movements had little consistent relationship. AAINX charges 0.88%/yr vs 0.97%/yr for AALGX.

Performance

AAINX vs. AALGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Thrivent Opportunity Income Plus Fund (AAINX) and Thrivent Global Stock Fund (AALGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AAINX achieves a 0.90% return, which is significantly lower than AALGX's 10.02% return. Over the past 10 years, AAINX has underperformed AALGX with an annualized return of 2.75%, while AALGX has yielded a comparatively higher 11.18% annualized return.

AAINX

• 1D: 0.11%
• 1M: -0.98%
• 6M: 0.30%
• YTD: 0.90%
• 1Y: 4.11%
• 3Y*: 5.62%
• 5Y*: 1.94%
• 10Y*: 2.75%
• ALL TIME*: 4.15%

AALGX

• 1D: 2.00%
• 1M: -0.25%
• 6M: 7.08%
• YTD: 10.02%
• 1Y: 21.30%
• 3Y*: 20.71%
• 5Y*: 11.66%
• 10Y*: 11.18%
• ALL TIME*: 8.98%

*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)
AAINX Thrivent Opportunity Income Plus Fund	$0.00	$0.00	$0.00
AALGX Thrivent Global Stock Fund	$0.00	$0.00	$0.00

AAINX vs. AALGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AAINX Thrivent Opportunity Income Plus Fund	0.90%	7.82%	4.90%	7.77%	-10.57%	1.47%	3.75%	8.23%	-1.24%	4.88%
AALGX Thrivent Global Stock Fund	10.02%	20.49%	27.79%	21.71%	-19.38%	20.37%	14.46%	22.71%	-8.75%	10.85%

Correlation

The correlation between AAINX and AALGX is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.57
Correlation (3Y) Balances recent behavior with more history.	0.42
Correlation (5Y) Shows whether the relationship held over a longer period.	0.46
Correlation (10Y) Provides a long-term view across more market conditions.	0.38
Correlation (All Time) Calculated using the full available price history since Jun 20, 1996	0.05

Over the past year, AAINX and AALGX have become more correlated (0.57) than their long-term average of 0.05, meaning their price movements have been converging.

Return for Risk

AAINX vs. AALGX — Risk / Return Rank

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

AAINX

AAINX Risk / Return Rank: 70
AAINX Sharpe Ratio Rank: 74
AAINX Sortino Ratio Rank: 78
AAINX Omega Ratio Rank: 78
AAINX Calmar Ratio Rank: 56
AAINX Martin Ratio Rank: 65

AALGX

AALGX Risk / Return Rank: 62
AALGX Sharpe Ratio Rank: 59
AALGX Sortino Ratio Rank: 56
AALGX Omega Ratio Rank: 57
AALGX Calmar Ratio Rank: 64
AALGX Martin Ratio Rank: 74

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.

AAINX vs. AALGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Thrivent Opportunity Income Plus Fund (AAINX) and Thrivent Global Stock Fund (AALGX). 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.

	AAINX	AALGX	Difference
Sharpe ratio: Return per unit of total volatility	1.72	1.45	+0.27
Sortino ratio: Return per unit of downside risk	2.64	2.04	+0.59
Omega ratio: Gain probability vs. loss probability	1.35	1.26	+0.09
Calmar ratio: Return relative to maximum drawdown	1.94	2.12	-0.18
Martin ratio: Return relative to average drawdown	8.11	8.98	-0.87

AAINX vs. AALGX - Sharpe Ratio Comparison

The current AAINX Sharpe Ratio is 1.72, which is comparable to the AALGX Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of AAINX and AALGX, 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

AAINX vs. AALGX - Drawdown Comparison

The maximum AAINX drawdown since its inception was -15.72%, smaller than the maximum AALGX drawdown of -55.28%. Use the drawdown chart below to compare losses from any high point for AAINX and AALGX.

Drawdown Indicators

	AAINX	AALGX	Difference
Max Drawdown Largest peak-to-trough decline	-15.72%	-55.28%	+39.56%
Max Drawdown (1Y) Largest decline over 1 year	-2.46%	-9.10%	+6.64%
Max Drawdown (3Y) Largest decline over 3 years	-3.60%	-16.65%	+13.05%
Max Drawdown (5Y) Largest decline over 5 years	-14.18%	-34.65%	+20.47%
Max Drawdown (10Y) Largest decline over 10 years	-15.28%	-35.32%	+20.04%
Current Drawdown Current decline from peak	-1.08%	-1.40%	+0.32%
Average Drawdown Average peak-to-trough decline	-1.86%	-10.45%	+8.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.59%	2.15%	-1.56%

Volatility

AAINX vs. AALGX - Volatility Comparison

The current volatility for Thrivent Opportunity Income Plus Fund (AAINX) is 0.66%, while Thrivent Global Stock Fund (AALGX) has a volatility of 3.83%. This indicates that AAINX experiences smaller price fluctuations and is considered to be less risky than AALGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AAINX	AALGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.66%	3.83%	-3.17%
Volatility (6M) Calculated over the trailing 6-month period	2.36%	10.95%	-8.59%
Volatility (1Y) Calculated over the trailing 1-year period	2.79%	13.33%	-10.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.03%	18.79%	-14.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.89%	18.26%	-14.37%

AAINX vs. AALGX - Expense Ratio Comparison

AAINX has a 0.88% expense ratio, which is lower than AALGX's 0.97% expense ratio.

Dividends

AAINX vs. AALGX - Dividend Comparison

AAINX's dividend yield for the trailing twelve months is around 4.29%, less than AALGX's 10.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AAINX Thrivent Opportunity Income Plus Fund	4.29%	4.62%	4.78%	3.88%	4.00%	2.74%	2.99%	3.76%	4.04%	3.28%	3.55%	3.88%
AALGX Thrivent Global Stock Fund	10.05%	11.05%	23.12%	5.51%	3.21%	14.40%	3.01%	12.68%	9.82%	1.00%	1.15%	0.00%

Frequently Asked Questions

Can I hold both AAINX and AALGX in my portfolio?

AAINX and AALGX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AAINX or AALGX?

AALGX has higher volatility (3.83%) compared to AAINX (0.66%). In terms of maximum drawdown, AAINX dropped -15.72% vs AALGX's -55.28%.

Which has better risk-adjusted returns?

AAINX currently has the higher Sharpe Ratio (1.72 vs 1.45), 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.