AASCX vs. AASMX

Last updated Jun 4, 2026

AASCX (Thrivent Mid Cap Stock Fund) and AASMX (Thrivent Small Cap Stock Fund) are both mutual funds - AASCX is a Mid Cap Blend Equities fund managed by Thrivent, while AASMX is a Small Cap Blend Equities fund managed by Thrivent. Over the past 10 years, AASCX returned 10.67%/yr vs 10.99%/yr for AASMX. Their correlation of 0.93 suggests significant overlap in exposure. AASCX charges 0.98%/yr vs 1.07%/yr for AASMX.

Performance

AASCX vs. AASMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Thrivent Mid Cap Stock Fund (AASCX) and Thrivent Small Cap Stock Fund (AASMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AASCX achieves a 15.09% return, which is significantly higher than AASMX's 12.90% return. Both investments have delivered pretty close results over the past 10 years, with AASCX having a 10.67% annualized return and AASMX not far ahead at 10.99%.

AASCX

• 1D: 0.73%
• 1M: 4.81%
• YTD: 15.09%
• 6M: 14.56%
• 1Y: 20.50%
• 3Y*: 14.74%
• 5Y*: 6.91%
• 10Y*: 10.67%

AASMX

• 1D: 1.20%
• 1M: 4.72%
• YTD: 12.90%
• 6M: 11.68%
• 1Y: 24.57%
• 3Y*: 13.05%
• 5Y*: 5.96%
• 10Y*: 10.99%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AASCX vs. AASMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AASCX Thrivent Mid Cap Stock Fund	15.09%	4.43%	14.60%	13.65%	-17.85%	27.70%	21.68%	24.51%	-10.73%	8.73%
AASMX Thrivent Small Cap Stock Fund	12.90%	2.13%	13.02%	12.20%	-11.24%	23.82%	22.48%	27.55%	-10.77%	11.70%

Correlation

The correlation between AASCX and AASMX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jul 1, 1996	0.93

The correlation between AASCX and AASMX has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.

Return for Risk

AASCX vs. AASMX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AASCX

AASCX Risk / Return Rank: 33
AASCX Sharpe Ratio Rank: 28
AASCX Sortino Ratio Rank: 29
AASCX Omega Ratio Rank: 27
AASCX Calmar Ratio Rank: 41
AASCX Martin Ratio Rank: 41

AASMX

AASMX Risk / Return Rank: 32
AASMX Sharpe Ratio Rank: 30
AASMX Sortino Ratio Rank: 30
AASMX Omega Ratio Rank: 26
AASMX Calmar Ratio Rank: 37
AASMX Martin Ratio Rank: 35

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AASCX vs. AASMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Thrivent Mid Cap Stock Fund (AASCX) and Thrivent Small Cap Stock Fund (AASMX). 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.

	AASCX	AASMX	Difference
Sharpe ratio: Return per unit of total volatility	1.52	1.55	-0.03
Sortino ratio: Return per unit of downside risk	2.22	2.29	-0.07
Omega ratio: Gain probability vs. loss probability	1.27	1.27	0.00
Calmar ratio: Return relative to maximum drawdown	2.42	2.31	+0.11
Martin ratio: Return relative to average drawdown	8.72	7.73	+0.99
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AASCX vs. AASMX - Sharpe Ratio Comparison

The current AASCX Sharpe Ratio is 1.52, which is comparable to the AASMX Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of AASCX and AASMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AASCX	AASMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.52	1.55	-0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	0.27	+0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.49	+0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.40	-0.02

Drawdowns

AASCX vs. AASMX - Drawdown Comparison

The maximum AASCX drawdown since its inception was -56.55%, roughly equal to the maximum AASMX drawdown of -57.13%. Use the drawdown chart below to compare losses from any high point for AASCX and AASMX.

Drawdown Indicators

	AASCX	AASMX	Difference
Max Drawdown Largest peak-to-trough decline	-56.55%	-57.13%	+0.58%
Max Drawdown (1Y) Largest decline over 1 year	-9.01%	-11.55%	+2.54%
Max Drawdown (3Y) Largest decline over 3 years	-20.23%	-26.56%	+6.33%
Max Drawdown (5Y) Largest decline over 5 years	-32.80%	-29.43%	-3.37%
Max Drawdown (10Y) Largest decline over 10 years	-40.67%	-41.66%	+0.99%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-10.68%	-10.81%	+0.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.49%	3.44%	-0.95%

Volatility

AASCX vs. AASMX - Volatility Comparison

The current volatility for Thrivent Mid Cap Stock Fund (AASCX) is 3.47%, while Thrivent Small Cap Stock Fund (AASMX) has a volatility of 4.43%. This indicates that AASCX experiences smaller price fluctuations and is considered to be less risky than AASMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AASCX	AASMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.47%	4.43%	-0.96%
Volatility (6M) Calculated over the trailing 6-month period	10.88%	12.32%	-1.44%
Volatility (1Y) Calculated over the trailing 1-year period	14.32%	17.19%	-2.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.83%	22.38%	-1.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.86%	22.65%	-1.79%

AASCX vs. AASMX - Expense Ratio Comparison

AASCX has a 0.98% expense ratio, which is lower than AASMX's 1.07% expense ratio.

Dividends

AASCX vs. AASMX - Dividend Comparison

AASCX's dividend yield for the trailing twelve months is around 13.01%, more than AASMX's 2.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
AASCX Thrivent Mid Cap Stock Fund	13.01%	14.98%	9.22%	1.54%	3.15%	12.54%	3.54%	2.92%	12.94%	0.09%	0.10%
AASMX Thrivent Small Cap Stock Fund	2.78%	3.14%	4.21%	0.42%	12.87%	14.74%	1.83%	10.84%	18.67%	0.00%	0.17%

Frequently Asked Questions

Can I hold both AASCX and AASMX in my portfolio?

AASCX and AASMX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AASCX or AASMX?

AASMX has higher volatility (4.43%) compared to AASCX (3.47%). In terms of maximum drawdown, AASCX dropped -56.55% vs AASMX's -57.13%.

Which has better risk-adjusted returns?

AASMX currently has the higher Sharpe Ratio (1.55 vs 1.52), 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.