AAMBX vs. SWAGX
AAMBX (Thrivent Municipal Bond Fund) and SWAGX (Schwab U.S. Aggregate Bond Index Fund) are both mutual funds - AAMBX is a Municipal Bonds fund managed by Thrivent, while SWAGX is a Total Bond Market fund tracking the Bloomberg US Aggregate Bond Index. Over the past 5 years, AAMBX returned 0.14%/yr vs -0.63%/yr for SWAGX. Their 0.56 correlation means they have sometimes moved together and sometimes differently. AAMBX charges 0.74%/yr vs 0.04%/yr for SWAGX.
Performance
AAMBX vs. SWAGX - Performance Comparison
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Returns By Period
In the year-to-date period, AAMBX achieves a 0.78% return, which is significantly higher than SWAGX's -0.73% return.
AAMBX
- 1D
- -0.20%
- 1M
- -2.06%
- 6M
- 0.49%
- YTD
- 0.78%
- 1Y
- 6.18%
- 3Y*
- 3.23%
- 5Y*
- 0.14%
- 10Y*
- 1.57%
- ALL TIME*
- 2.75%
SWAGX
- 1D
- 0.00%
- 1M
- -1.24%
- 6M
- -0.96%
- YTD
- -0.73%
- 1Y
- 1.77%
- 3Y*
- 3.63%
- 5Y*
- -0.63%
- 10Y*
- —
- ALL TIME*
- 1.47%
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. SWAGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AAMBX Thrivent Municipal Bond Fund | 0.78% | 3.39% | 2.70% | 6.18% | -10.93% | 1.99% | 4.78% | 7.38% | 0.32% | 3.97% |
SWAGX Schwab U.S. Aggregate Bond Index Fund | -0.73% | 7.11% | 1.38% | 5.46% | -13.62% | -2.29% | 7.39% | 8.64% | -0.11% | 2.62% |
Correlation
The correlation between AAMBX and SWAGX is 0.58, 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. | 0.58 |
Correlation (3Y) Balances recent behavior with more history. | 0.64 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.58 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2017 | 0.56 |
The correlation between AAMBX and SWAGX has been stable across timeframes, ranging from 0.56 to 0.64 - a consistent structural relationship.
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Return for Risk
AAMBX vs. SWAGX — Risk / Return Rank
AAMBX
SWAGX
AAMBX vs. SWAGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thrivent Municipal Bond Fund (AAMBX) and Schwab U.S. Aggregate Bond Index Fund (SWAGX). 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 | SWAGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.38 | ||
| Sortino ratioReturn per unit of downside risk | +2.18 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.13 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | 0.96 | +1.38 |
| Martin ratioReturn relative to average drawdown | 8.32 | 2.40 | +5.93 |
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Drawdowns
AAMBX vs. SWAGX - Drawdown Comparison
The maximum AAMBX drawdown since its inception was -49.18%, which is greater than SWAGX's maximum drawdown of -19.68%. Use the drawdown chart below to compare losses from any high point for AAMBX and SWAGX.
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Drawdown Indicators
| AAMBX | SWAGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.18% | -19.68% | -29.50% |
Max Drawdown (1Y)Largest decline over 1 year | -3.13% | -3.05% | -0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -6.43% | -5.01% | -1.42% |
Max Drawdown (5Y)Largest decline over 5 years | -16.17% | -18.76% | +2.59% |
Max Drawdown (10Y)Largest decline over 10 years | -16.17% | — | — |
Current DrawdownCurrent decline from peak | -2.06% | -4.46% | +2.40% |
Average DrawdownAverage peak-to-trough decline | -5.19% | -5.65% | +0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 1.22% | -0.34% |
Volatility
AAMBX vs. SWAGX - Volatility Comparison
Thrivent Municipal Bond Fund (AAMBX) and Schwab U.S. Aggregate Bond Index Fund (SWAGX) have volatilities of 0.99% and 1.00%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAMBX | SWAGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.99% | 1.00% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.71% | 3.04% | -0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.42% | 3.90% | -0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.79% | 6.09% | -1.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.44% | 5.09% | -0.65% |
AAMBX vs. SWAGX - Expense Ratio Comparison
AAMBX has a 0.74% expense ratio, which is higher than SWAGX's 0.04% expense ratio.
Dividends
AAMBX vs. SWAGX - Dividend Comparison
AAMBX's dividend yield for the trailing twelve months is around 3.28%, less than SWAGX's 3.87% 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% |
SWAGX Schwab U.S. Aggregate Bond Index Fund | 3.87% | 4.02% | 3.88% | 3.22% | 1.93% | 1.56% | 2.47% | 2.87% | 2.80% | 1.98% | 0.00% | 0.00% |
Frequently Asked Questions
AAMBX and SWAGX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SWAGX has higher volatility (1.00%) compared to AAMBX (0.99%). In terms of maximum drawdown, AAMBX dropped -49.18% vs SWAGX's -19.68%.
AAMBX currently has the higher Sharpe Ratio (2.14 vs 0.76), 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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