AAMBX vs. FXIEX
AAMBX (Thrivent Municipal Bond Fund) and FXIEX (PIMCO Fixed Income SHares: Series TE) are both Municipal Bonds funds. Over the past 10 years, AAMBX returned 1.58%/yr vs 2.70%/yr for FXIEX. Their 0.72 correlation means they have sometimes moved together and sometimes differently. AAMBX charges 0.74%/yr vs 0.07%/yr for FXIEX.
Performance
AAMBX vs. FXIEX - Performance Comparison
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Returns By Period
In the year-to-date period, AAMBX achieves a 0.68% return, which is significantly lower than FXIEX's 0.76% return. Over the past 10 years, AAMBX has underperformed FXIEX with an annualized return of 1.58%, while FXIEX has yielded a comparatively higher 2.70% annualized return.
AAMBX
- 1D
- 0.00%
- 1M
- -2.16%
- 6M
- 0.29%
- YTD
- 0.68%
- 1Y
- 5.97%
- 3Y*
- 3.64%
- 5Y*
- 0.12%
- 10Y*
- 1.58%
- ALL TIME*
- 2.75%
FXIEX
- 1D
- 0.00%
- 1M
- -1.82%
- 6M
- 0.25%
- YTD
- 0.76%
- 1Y
- 4.80%
- 3Y*
- 4.74%
- 5Y*
- 1.21%
- 10Y*
- 2.70%
- ALL TIME*
- 2.10%
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 |
AAMBX vs. FXIEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AAMBX Thrivent Municipal Bond Fund | 0.68% | 3.39% | 2.70% | 6.18% | -10.93% | 1.99% | 4.78% | 7.38% | 0.32% | 4.47% |
FXIEX PIMCO Fixed Income SHares: Series TE | 0.76% | 3.37% | 5.16% | 8.92% | -10.89% | 2.19% | 7.22% | 8.45% | 1.00% | 7.71% |
Correlation
The correlation between AAMBX and FXIEX is 0.77, 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. | 0.77 |
Correlation (3Y) Balances recent behavior with more history. | 0.82 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2012 | 0.72 |
The correlation between AAMBX and FXIEX shifts across timeframes, from 0.72 (all time) to 0.86 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
AAMBX vs. FXIEX — Risk / Return Rank
AAMBX
FXIEX
AAMBX vs. FXIEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thrivent Municipal Bond Fund (AAMBX) and PIMCO Fixed Income SHares: Series TE (FXIEX). 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.
| AAMBX | FXIEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.46 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | 2.69 | -0.73 |
| Martin ratioReturn relative to average drawdown | 6.78 | 8.75 | -1.96 |
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Drawdowns
AAMBX vs. FXIEX - Drawdown Comparison
The maximum AAMBX drawdown since its inception was -49.18%, which is greater than FXIEX's maximum drawdown of -15.25%. Use the drawdown chart below to compare losses from any high point for AAMBX and FXIEX.
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Drawdown Indicators
| AAMBX | FXIEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.18% | -15.25% | -33.93% |
Max Drawdown (1Y)Largest decline over 1 year | -3.13% | -2.42% | -0.71% |
Max Drawdown (3Y)Largest decline over 3 years | -6.43% | -5.56% | -0.87% |
Max Drawdown (5Y)Largest decline over 5 years | -16.02% | -15.25% | -0.77% |
Max Drawdown (10Y)Largest decline over 10 years | -16.17% | -15.25% | -0.92% |
Current DrawdownCurrent decline from peak | -2.16% | -1.82% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -5.18% | -2.87% | -2.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 0.76% | +0.14% |
Volatility
AAMBX vs. FXIEX - Volatility Comparison
Thrivent Municipal Bond Fund (AAMBX) has a higher volatility of 0.97% compared to PIMCO Fixed Income SHares: Series TE (FXIEX) at 0.82%. This indicates that AAMBX's price experiences larger fluctuations and is considered to be riskier than FXIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAMBX | FXIEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 0.82% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 2.68% | 2.37% | +0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.35% | 3.37% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.79% | 4.39% | +0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.44% | 4.11% | +0.33% |
AAMBX vs. FXIEX - Expense Ratio Comparison
AAMBX has a 0.74% expense ratio, which is higher than FXIEX's 0.07% expense ratio.
Dividends
AAMBX vs. FXIEX - Dividend Comparison
AAMBX's dividend yield for the trailing twelve months is around 3.28%, more than FXIEX's 2.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAMBX Thrivent Municipal Bond Fund | 3.28% | 4.65% | 3.93% | 2.58% | 2.97% | 2.66% | 2.80% | 3.35% | 3.45% | 3.40% | 3.41% | 3.39% |
FXIEX PIMCO Fixed Income SHares: Series TE | 2.41% | 2.75% | 4.53% | 3.98% | 3.25% | 2.63% | 3.37% | 3.63% | 3.79% | 2.67% | 0.00% | 0.00% |
Frequently Asked Questions
AAMBX and FXIEX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAMBX has higher volatility (0.97%) compared to FXIEX (0.82%). In terms of maximum drawdown, AAMBX dropped -49.18% vs FXIEX's -15.25%.
FXIEX currently has the higher Sharpe Ratio (1.93 vs 1.82), 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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