AASMX vs. TSCSX

Last updated Jun 24, 2026

AASMX (Thrivent Small Cap Stock Fund) and TSCSX (Thrivent Small Cap Stock Fund Class S) are both Small Cap Blend Equities funds from Thrivent. Over the past 10 years, AASMX returned 11.83%/yr vs 13.47%/yr for TSCSX. With a 1.00 correlation, they move nearly in lockstep. AASMX charges 1.07%/yr vs 0.80%/yr for TSCSX.

Performance

AASMX vs. TSCSX - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with AASMX having a 17.26% return and TSCSX slightly higher at 17.35%. Over the past 10 years, AASMX has underperformed TSCSX with an annualized return of 11.83%, while TSCSX has yielded a comparatively higher 13.47% annualized return.

AASMX

• 1D: 0.15%
• 1M: 6.55%
• YTD: 17.26%
• 6M: 14.76%
• 1Y: 27.96%
• 3Y*: 14.64%
• 5Y*: 6.89%
• 10Y*: 11.83%

TSCSX

• 1D: 0.16%
• 1M: 6.56%
• YTD: 17.35%
• 6M: 14.89%
• 1Y: 28.24%
• 3Y*: 14.72%
• 5Y*: 7.07%
• 10Y*: 13.47%

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

AASMX vs. TSCSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AASMX Thrivent Small Cap Stock Fund	17.26%	2.13%	13.02%	12.20%	-11.24%	23.82%	22.48%	27.55%	-10.77%	11.70%
TSCSX Thrivent Small Cap Stock Fund Class S	17.35%	2.36%	12.73%	12.47%	-10.94%	24.22%	22.87%	27.92%	-10.52%	21.22%

Correlation

The correlation between AASMX and TSCSX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (10Y) Calculated over the trailing 10-year period	1.00
Correlation (All Time) Calculated using the full available price history since Dec 29, 1997	1.00

The correlation between AASMX and TSCSX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

AASMX vs. TSCSX — Risk / Return Rank

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

AASMX

AASMX Risk / Return Rank: 43
AASMX Sharpe Ratio Rank: 41
AASMX Sortino Ratio Rank: 43
AASMX Omega Ratio Rank: 36
AASMX Calmar Ratio Rank: 51
AASMX Martin Ratio Rank: 43

TSCSX

TSCSX Risk / Return Rank: 43
TSCSX Sharpe Ratio Rank: 41
TSCSX Sortino Ratio Rank: 43
TSCSX Omega Ratio Rank: 36
TSCSX Calmar Ratio Rank: 51
TSCSX Martin Ratio Rank: 44

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. TSCSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Thrivent Small Cap Stock Fund (AASMX) and Thrivent Small Cap Stock Fund Class S (TSCSX). 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	TSCSX	Difference
Sharpe ratio: Return per unit of total volatility	1.72	1.73	-0.01
Sortino ratio: Return per unit of downside risk	2.53	2.54	-0.01
Omega ratio: Gain probability vs. loss probability	1.29	1.30	0.00
Calmar ratio: Return relative to maximum drawdown	2.59	2.62	-0.02
Martin ratio: Return relative to average drawdown	8.70	8.80	-0.10

AASMX vs. TSCSX - Sharpe Ratio Comparison

The current AASMX Sharpe Ratio is 1.72, which is comparable to the TSCSX Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of AASMX and TSCSX, 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. TSCSX - Drawdown Comparison

The maximum AASMX drawdown since its inception was -57.13%, roughly equal to the maximum TSCSX drawdown of -56.66%. Use the drawdown chart below to compare losses from any high point for AASMX and TSCSX.

Drawdown Indicators

	AASMX	TSCSX	Difference
Max Drawdown Largest peak-to-trough decline	-57.13%	-56.66%	-0.47%
Max Drawdown (1Y) Largest decline over 1 year	-11.55%	-11.53%	-0.02%
Max Drawdown (3Y) Largest decline over 3 years	-26.56%	-26.84%	+0.28%
Max Drawdown (5Y) Largest decline over 5 years	-29.43%	-27.04%	-2.39%
Max Drawdown (10Y) Largest decline over 10 years	-41.66%	-41.63%	-0.03%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-10.79%	-10.23%	-0.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.44%	3.42%	+0.02%

Volatility

AASMX vs. TSCSX - Volatility Comparison

Thrivent Small Cap Stock Fund (AASMX) and Thrivent Small Cap Stock Fund Class S (TSCSX) have volatilities of 4.94% and 4.96%, 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.

Volatility by Period

	AASMX	TSCSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.94%	4.96%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	12.63%	12.64%	-0.01%
Volatility (1Y) Calculated over the trailing 1-year period	17.43%	17.45%	-0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.36%	21.65%	+0.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.67%	22.16%	+0.51%

AASMX vs. TSCSX - Expense Ratio Comparison

AASMX has a 1.07% expense ratio, which is higher than TSCSX's 0.80% expense ratio.

Dividends

AASMX vs. TSCSX - Dividend Comparison

AASMX's dividend yield for the trailing twelve months is around 2.68%, more than TSCSX's 2.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
TSCSX Thrivent Small Cap Stock Fund Class S	2.01%	2.36%	3.18%	0.46%	9.60%	11.33%	1.60%	8.72%	15.00%	6.68%	4.19%	8.34%

Frequently Asked Questions

Can I hold both AASMX and TSCSX in my portfolio?

With a correlation of 1.00, AASMX and TSCSX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, AASMX or TSCSX?

TSCSX has higher volatility (4.96%) compared to AASMX (4.94%). In terms of maximum drawdown, AASMX dropped -57.13% vs TSCSX's -56.66%.

Which has better risk-adjusted returns?

TSCSX currently has the higher Sharpe Ratio (1.73 vs 1.72), 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.