AALGX vs. THMBX
AALGX (Thrivent Global Stock Fund) and THMBX (Thrivent High Income Municipal Bond Fund) are both mutual funds - AALGX is a Global Equities fund managed by Thrivent, while THMBX is a High Yield Muni fund managed by Thrivent. Over the past 5 years, AALGX returned 11.66%/yr vs 0.03%/yr for THMBX. Their 0.08 correlation means their historical movements had little consistent relationship. AALGX charges 0.97%/yr vs 0.60%/yr for THMBX.
Performance
AALGX vs. THMBX - Performance Comparison
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Returns By Period
In the year-to-date period, AALGX achieves a 10.02% return, which is significantly higher than THMBX's 1.64% return.
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%
THMBX
- 1D
- -0.32%
- 1M
- -1.98%
- 6M
- 1.17%
- YTD
- 1.64%
- 1Y
- 7.37%
- 3Y*
- 4.44%
- 5Y*
- 0.03%
- 10Y*
- —
- ALL TIME*
- 2.68%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
AALGX vs. THMBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
AALGX Thrivent Global Stock Fund | 10.02% | 20.49% | 27.79% | 21.71% | -19.38% | 20.37% | 14.46% | 22.71% | -6.90% |
THMBX Thrivent High Income Municipal Bond Fund | 1.64% | 2.83% | 5.85% | 7.01% | -15.19% | 6.59% | 3.18% | 10.15% | 2.50% |
Correlation
The correlation between AALGX and THMBX is 0.23, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.23 |
Correlation (3Y) Balances recent behavior with more history. | 0.17 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.15 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 2018 | 0.08 |
The correlation between AALGX and THMBX shifts across timeframes, from 0.08 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
AALGX vs. THMBX — Risk / Return Rank
AALGX
THMBX
AALGX vs. THMBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thrivent Global Stock Fund (AALGX) and Thrivent High Income Municipal Bond Fund (THMBX). 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.
| AALGX | THMBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -2.06 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.63 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 2.12 | 3.19 | -1.07 |
| Martin ratioReturn relative to average drawdown | 8.98 | 12.19 | -3.22 |
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Drawdowns
AALGX vs. THMBX - Drawdown Comparison
The maximum AALGX drawdown since its inception was -55.28%, which is greater than THMBX's maximum drawdown of -21.08%. Use the drawdown chart below to compare losses from any high point for AALGX and THMBX.
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Drawdown Indicators
| AALGX | THMBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.28% | -21.08% | -34.20% |
Max Drawdown (1Y)Largest decline over 1 year | -9.10% | -2.71% | -6.39% |
Max Drawdown (3Y)Largest decline over 3 years | -16.65% | -7.24% | -9.41% |
Max Drawdown (5Y)Largest decline over 5 years | -34.65% | -21.08% | -13.57% |
Max Drawdown (10Y)Largest decline over 10 years | -35.32% | — | — |
Current DrawdownCurrent decline from peak | -1.40% | -1.98% | +0.58% |
Average DrawdownAverage peak-to-trough decline | -10.45% | -5.30% | -5.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.15% | 0.71% | +1.44% |
Volatility
AALGX vs. THMBX - Volatility Comparison
Thrivent Global Stock Fund (AALGX) has a higher volatility of 3.83% compared to Thrivent High Income Municipal Bond Fund (THMBX) at 0.99%. This indicates that AALGX's price experiences larger fluctuations and is considered to be riskier than THMBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AALGX | THMBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.83% | 0.99% | +2.84% |
Volatility (6M)Calculated over the trailing 6-month period | 10.95% | 2.61% | +8.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.33% | 3.40% | +9.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.79% | 5.22% | +13.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.26% | 5.72% | +12.54% |
AALGX vs. THMBX - Expense Ratio Comparison
AALGX has a 0.97% expense ratio, which is higher than THMBX's 0.60% expense ratio.
Dividends
AALGX vs. THMBX - Dividend Comparison
AALGX's dividend yield for the trailing twelve months is around 10.05%, more than THMBX's 3.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
THMBX Thrivent High Income Municipal Bond Fund | 3.99% | 4.31% | 4.10% | 2.81% | 3.11% | 2.77% | 2.92% | 2.93% | 2.78% | 0.00% | 0.00% |
Frequently Asked Questions
AALGX and THMBX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AALGX has higher volatility (3.83%) compared to THMBX (0.99%). In terms of maximum drawdown, AALGX dropped -55.28% vs THMBX's -21.08%.
THMBX currently has the higher Sharpe Ratio (2.55 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.
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