BWDTX vs. AAINX
BWDTX (Boyd Watterson Limited Duration Enhanced Income Fund) and AAINX (Thrivent Opportunity Income Plus Fund) are both Multisector Bonds funds. Over the past 5 years, BWDTX returned 4.25%/yr vs 2.26%/yr for AAINX. A 0.64 correlation means they provide meaningful diversification when combined. BWDTX charges 0.40%/yr vs 0.88%/yr for AAINX.
Performance
BWDTX vs. AAINX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with BWDTX having a 1.78% return and AAINX slightly lower at 1.70%.
BWDTX
- 1D
- 0.00%
- 1M
- 0.50%
- YTD
- 1.78%
- 6M
- 2.09%
- 1Y
- 5.93%
- 3Y*
- 6.50%
- 5Y*
- 4.25%
- 10Y*
- —
AAINX
- 1D
- 0.11%
- 1M
- 0.81%
- YTD
- 1.70%
- 6M
- 2.14%
- 1Y
- 6.71%
- 3Y*
- 6.30%
- 5Y*
- 2.26%
- 10Y*
- 3.03%
BWDTX vs. AAINX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BWDTX Boyd Watterson Limited Duration Enhanced Income Fund | 1.78% | 7.14% | 4.92% | 9.80% | -3.16% | 2.32% | 4.66% | 7.94% | -0.51% | 4.08% |
AAINX Thrivent Opportunity Income Plus Fund | 1.70% | 7.82% | 4.90% | 7.77% | -10.57% | 1.47% | 3.75% | 8.23% | -1.24% | 4.88% |
Correlation
The correlation between BWDTX and AAINX is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Aug 2, 2016 | 0.64 |
The correlation between BWDTX and AAINX has been stable across timeframes, ranging from 0.64 to 0.73 - a consistent structural relationship.
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Return for Risk
BWDTX vs. AAINX — Risk / Return Rank
BWDTX
AAINX
BWDTX vs. AAINX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Boyd Watterson Limited Duration Enhanced Income Fund (BWDTX) and Thrivent Opportunity Income Plus Fund (AAINX). 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.
| BWDTX | AAINX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.13 | ||
| Sortino ratioReturn per unit of downside risk | +3.90 | ||
| Omega ratioGain probability vs. loss probability | 2.34 | 1.52 | +0.81 |
| Calmar ratioReturn relative to maximum drawdown | 5.98 | 2.79 | +3.19 |
| Martin ratioReturn relative to average drawdown | 30.22 | 12.32 | +17.90 |
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Drawdowns
BWDTX vs. AAINX - Drawdown Comparison
The maximum BWDTX drawdown since its inception was -10.06%, smaller than the maximum AAINX drawdown of -15.72%. Use the drawdown chart below to compare losses from any high point for BWDTX and AAINX.
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Drawdown Indicators
| BWDTX | AAINX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.06% | -15.72% | +5.66% |
Max Drawdown (1Y)Largest decline over 1 year | -1.00% | -2.46% | +1.46% |
Max Drawdown (3Y)Largest decline over 3 years | -2.21% | -3.86% | +1.65% |
Max Drawdown (5Y)Largest decline over 5 years | -6.35% | -14.18% | +7.83% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.28% | — |
Current DrawdownCurrent decline from peak | -0.10% | -0.11% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -0.67% | -1.86% | +1.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.20% | 0.56% | -0.36% |
Volatility
BWDTX vs. AAINX - Volatility Comparison
The current volatility for Boyd Watterson Limited Duration Enhanced Income Fund (BWDTX) is 0.39%, while Thrivent Opportunity Income Plus Fund (AAINX) has a volatility of 0.99%. This indicates that BWDTX experiences smaller price fluctuations and is considered to be less risky than AAINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BWDTX | AAINX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.39% | 0.99% | -0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 1.04% | 2.29% | -1.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.30% | 2.80% | -1.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.21% | 4.02% | -1.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.20% | 3.90% | -1.70% |
BWDTX vs. AAINX - Expense Ratio Comparison
BWDTX has a 0.40% expense ratio, which is lower than AAINX's 0.88% expense ratio.
Dividends
BWDTX vs. AAINX - Dividend Comparison
BWDTX's dividend yield for the trailing twelve months is around 5.64%, more than AAINX's 4.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAINX Thrivent Opportunity Income Plus Fund | 4.63% | 4.62% | 4.78% | 3.88% | 4.00% | 2.74% | 2.99% | 3.76% | 4.04% | 3.28% | 3.55% | 3.88% |
BWDTX Boyd Watterson Limited Duration Enhanced Income Fund | 5.64% | 5.70% | 4.13% | 5.51% | 3.80% | 3.20% | 3.18% | 3.47% | 4.18% | 2.90% | 1.35% | 0.00% |
Frequently Asked Questions
BWDTX and AAINX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAINX has higher volatility (0.99%) compared to BWDTX (0.39%). In terms of maximum drawdown, BWDTX dropped -10.06% vs AAINX's -15.72%.
BWDTX currently has the higher Sharpe Ratio (4.57 vs 2.45), 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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