AAINX vs. THLIX

Last updated Aug 1, 2026

AAINX (Thrivent Opportunity Income Plus Fund) and THLIX (Thrivent Limited Maturity Bond Fund) are both mutual funds - AAINX is a Multisector Bonds fund managed by Thrivent, while THLIX is a Short-Term Bond fund managed by Thrivent. Over the past 10 years, AAINX returned 2.75%/yr vs 2.63%/yr for THLIX. Their 0.74 correlation means they have sometimes moved together and sometimes differently. AAINX charges 0.88%/yr vs 0.41%/yr for THLIX.

Performance

AAINX vs. THLIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Thrivent Opportunity Income Plus Fund (AAINX) and Thrivent Limited Maturity Bond Fund (THLIX). 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 higher than THLIX's 0.82% return. Both investments have delivered pretty close results over the past 10 years, with AAINX having a 2.75% annualized return and THLIX not far behind at 2.63%.

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%

THLIX

• 1D: 0.08%
• 1M: -0.32%
• 6M: 0.46%
• YTD: 0.82%
• 1Y: 3.04%
• 3Y*: 5.16%
• 5Y*: 2.67%
• 10Y*: 2.63%
• ALL TIME*: 3.23%

*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
THLIX Thrivent Limited Maturity Bond Fund	$0.00	$0.00	$0.00

AAINX vs. THLIX - 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%
THLIX Thrivent Limited Maturity Bond Fund	0.82%	6.15%	5.65%	5.84%	-4.29%	0.21%	4.06%	4.73%	0.90%	2.36%

Correlation

The correlation between AAINX and THLIX is 0.79, 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.	0.79
Correlation (3Y) Balances recent behavior with more history.	0.83
Correlation (5Y) Shows whether the relationship held over a longer period.	0.80
Correlation (10Y) Provides a long-term view across more market conditions.	0.71
Correlation (All Time) Calculated using the full available price history since Jan 3, 2000	0.74

The correlation between AAINX and THLIX shifts across timeframes, from 0.71 (10 years) to 0.82 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

AAINX vs. THLIX — 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

THLIX

THLIX Risk / Return Rank: 85
THLIX Sharpe Ratio Rank: 82
THLIX Sortino Ratio Rank: 92
THLIX Omega Ratio Rank: 87
THLIX Calmar Ratio Rank: 79
THLIX Martin Ratio Rank: 84

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. THLIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Thrivent Opportunity Income Plus Fund (AAINX) and Thrivent Limited Maturity Bond Fund (THLIX). 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	THLIX	Difference
Sharpe ratio: Return per unit of total volatility	1.72	1.97	-0.25
Sortino ratio: Return per unit of downside risk	2.64	3.58	-0.94
Omega ratio: Gain probability vs. loss probability	1.35	1.45	-0.10
Calmar ratio: Return relative to maximum drawdown	1.94	2.64	-0.69
Martin ratio: Return relative to average drawdown	8.11	10.65	-2.55

AAINX vs. THLIX - Sharpe Ratio Comparison

The current AAINX Sharpe Ratio is 1.72, which is comparable to the THLIX Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of AAINX and THLIX, 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. THLIX - Drawdown Comparison

The maximum AAINX drawdown since its inception was -15.72%, which is greater than THLIX's maximum drawdown of -9.42%. Use the drawdown chart below to compare losses from any high point for AAINX and THLIX.

Drawdown Indicators

	AAINX	THLIX	Difference
Max Drawdown Largest peak-to-trough decline	-15.72%	-9.42%	-6.30%
Max Drawdown (1Y) Largest decline over 1 year	-2.46%	-1.43%	-1.03%
Max Drawdown (3Y) Largest decline over 3 years	-3.60%	-1.43%	-2.17%
Max Drawdown (5Y) Largest decline over 5 years	-14.18%	-6.75%	-7.43%
Max Drawdown (10Y) Largest decline over 10 years	-15.28%	-6.75%	-8.53%
Current Drawdown Current decline from peak	-1.08%	-0.40%	-0.68%
Average Drawdown Average peak-to-trough decline	-1.86%	-0.70%	-1.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.59%	0.35%	+0.24%

Volatility

AAINX vs. THLIX - Volatility Comparison

Thrivent Opportunity Income Plus Fund (AAINX) has a higher volatility of 0.66% compared to Thrivent Limited Maturity Bond Fund (THLIX) at 0.43%. This indicates that AAINX's price experiences larger fluctuations and is considered to be riskier than THLIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AAINX	THLIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.66%	0.43%	+0.23%
Volatility (6M) Calculated over the trailing 6-month period	2.36%	1.51%	+0.85%
Volatility (1Y) Calculated over the trailing 1-year period	2.79%	1.91%	+0.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.03%	2.19%	+1.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.89%	1.92%	+1.97%

AAINX vs. THLIX - Expense Ratio Comparison

AAINX has a 0.88% expense ratio, which is higher than THLIX's 0.41% expense ratio.

Dividends

AAINX vs. THLIX - Dividend Comparison

AAINX's dividend yield for the trailing twelve months is around 4.29%, more than THLIX's 3.98% 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%
THLIX Thrivent Limited Maturity Bond Fund	3.98%	4.18%	3.83%	2.53%	2.04%	1.48%	2.04%	2.59%	2.53%	1.93%	1.82%	1.64%

Frequently Asked Questions

Can I hold both AAINX and THLIX in my portfolio?

AAINX and THLIX have a correlation of 0.79, 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 THLIX?

AAINX has higher volatility (0.66%) compared to THLIX (0.43%). In terms of maximum drawdown, AAINX dropped -15.72% vs THLIX's -9.42%.

Which has better risk-adjusted returns?

THLIX currently has the higher Sharpe Ratio (1.97 vs 1.72), 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.