AASMX vs. AABFX

Last updated Jun 23, 2026

AASMX (Thrivent Small Cap Stock Fund) and AABFX (Thrivent Balanced Income Plus Fund) are both mutual funds - AASMX is a Small Cap Blend Equities fund managed by Thrivent, while AABFX is a Diversified Portfolio fund managed by Thrivent. Over the past 10 years, AASMX returned 11.49%/yr vs 6.81%/yr for AABFX. Their correlation of 0.85 suggests significant overlap in exposure. AASMX charges 1.07%/yr vs 1.00%/yr for AABFX.

Performance

AASMX vs. AABFX - Performance Comparison

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

Returns By Period

In the year-to-date period, AASMX achieves a 17.08% return, which is significantly higher than AABFX's 5.70% return. Over the past 10 years, AASMX has outperformed AABFX with an annualized return of 11.49%, while AABFX has yielded a comparatively lower 6.81% annualized return.

AASMX

• 1D: 1.99%
• 1M: 6.39%
• YTD: 17.08%
• 6M: 14.30%
• 1Y: 29.61%
• 3Y*: 13.47%
• 5Y*: 7.62%
• 10Y*: 11.49%

AABFX

• 1D: 0.60%
• 1M: 1.34%
• YTD: 5.70%
• 6M: 5.62%
• 1Y: 14.99%
• 3Y*: 11.31%
• 5Y*: 5.78%
• 10Y*: 6.81%

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

AASMX vs. AABFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AASMX Thrivent Small Cap Stock Fund	17.08%	2.13%	13.02%	12.20%	-11.24%	23.82%	22.48%	27.55%	-10.77%	11.70%
AABFX Thrivent Balanced Income Plus Fund	5.70%	12.23%	10.08%	12.04%	-13.93%	11.83%	8.69%	16.65%	-5.09%	10.06%

Correlation

The correlation between AASMX and AABFX is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.83
Correlation (All Time) Calculated using the full available price history since Dec 29, 1997	0.85

The correlation between AASMX and AABFX has been stable across timeframes, ranging from 0.78 to 0.85 - a consistent structural relationship.

Return for Risk

AASMX vs. AABFX — Risk / Return Rank

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

AASMX

AASMX Risk / Return Rank: 41
AASMX Sharpe Ratio Rank: 39
AASMX Sortino Ratio Rank: 41
AASMX Omega Ratio Rank: 35
AASMX Calmar Ratio Rank: 49
AASMX Martin Ratio Rank: 42

AABFX

AABFX Risk / Return Rank: 68
AABFX Sharpe Ratio Rank: 68
AABFX Sortino Ratio Rank: 71
AABFX Omega Ratio Rank: 71
AABFX Calmar Ratio Rank: 63
AABFX Martin Ratio Rank: 70

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.

AASMX vs. AABFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Thrivent Small Cap Stock Fund (AASMX) and Thrivent Balanced Income Plus Fund (AABFX). 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.

	AASMX	AABFX	Difference
Sharpe ratio: Return per unit of total volatility	1.69	2.22	-0.52
Sortino ratio: Return per unit of downside risk	2.49	3.18	-0.69
Omega ratio: Gain probability vs. loss probability	1.29	1.43	-0.14
Calmar ratio: Return relative to maximum drawdown	2.55	2.92	-0.37
Martin ratio: Return relative to average drawdown	8.55	12.66	-4.11

AASMX vs. AABFX - Sharpe Ratio Comparison

The current AASMX Sharpe Ratio is 1.69, which is comparable to the AABFX Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of AASMX and AABFX, 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

AASMX vs. AABFX - Drawdown Comparison

The maximum AASMX drawdown since its inception was -57.13%, which is greater than AABFX's maximum drawdown of -43.44%. Use the drawdown chart below to compare losses from any high point for AASMX and AABFX.

Drawdown Indicators

	AASMX	AABFX	Difference
Max Drawdown Largest peak-to-trough decline	-57.13%	-43.44%	-13.69%
Max Drawdown (1Y) Largest decline over 1 year	-11.55%	-5.13%	-6.42%
Max Drawdown (3Y) Largest decline over 3 years	-26.56%	-7.04%	-19.52%
Max Drawdown (5Y) Largest decline over 5 years	-29.43%	-21.56%	-7.87%
Max Drawdown (10Y) Largest decline over 10 years	-41.66%	-27.40%	-14.26%
Current Drawdown Current decline from peak	0.00%	-0.13%	+0.13%
Average Drawdown Average peak-to-trough decline	-10.79%	-5.63%	-5.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.44%	1.18%	+2.26%

Volatility

AASMX vs. AABFX - Volatility Comparison

Thrivent Small Cap Stock Fund (AASMX) has a higher volatility of 5.19% compared to Thrivent Balanced Income Plus Fund (AABFX) at 2.81%. This indicates that AASMX's price experiences larger fluctuations and is considered to be riskier than AABFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AASMX	AABFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.19%	2.81%	+2.38%
Volatility (6M) Calculated over the trailing 6-month period	12.66%	5.67%	+6.99%
Volatility (1Y) Calculated over the trailing 1-year period	17.40%	6.75%	+10.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.40%	8.59%	+13.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.67%	9.34%	+13.33%

AASMX vs. AABFX - Expense Ratio Comparison

AASMX has a 1.07% expense ratio, which is higher than AABFX's 1.00% expense ratio.

Dividends

AASMX vs. AABFX - Dividend Comparison

AASMX's dividend yield for the trailing twelve months is around 2.68%, less than AABFX's 6.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AABFX Thrivent Balanced Income Plus Fund	6.83%	7.25%	6.43%	2.97%	2.26%	6.99%	2.03%	2.37%	9.70%	2.04%	2.37%	1.90%
AASMX Thrivent Small Cap Stock Fund	2.68%	3.14%	4.21%	0.42%	12.87%	14.74%	1.83%	10.84%	18.67%	0.00%	0.17%	0.00%

Frequently Asked Questions

Can I hold both AASMX and AABFX in my portfolio?

AASMX and AABFX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AASMX or AABFX?

AASMX has higher volatility (5.19%) compared to AABFX (2.81%). In terms of maximum drawdown, AASMX dropped -57.13% vs AABFX's -43.44%.

Which has better risk-adjusted returns?

AABFX currently has the higher Sharpe Ratio (2.22 vs 1.69), 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.