TBFAX vs. AAAGX
TBFAX (Thrivent Government Bond) and AAAGX (Thrivent Large Cap Growth Fund) are both mutual funds - TBFAX is a Government Bonds fund managed by Thrivent, while AAAGX is a Large Cap Growth Equities fund managed by Thrivent. Over the past 10 years, TBFAX returned 0.71%/yr vs 16.21%/yr for AAAGX. Their -0.14 correlation means they have often moved in opposite directions in the past. TBFAX charges 0.77%/yr vs 1.03%/yr for AAAGX.
Performance
TBFAX vs. AAAGX - Performance Comparison
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Returns By Period
In the year-to-date period, TBFAX achieves a -1.04% return, which is significantly lower than AAAGX's 0.39% return. Over the past 10 years, TBFAX has underperformed AAAGX with an annualized return of 0.71%, while AAAGX has yielded a comparatively higher 16.21% annualized return.
TBFAX
- 1D
- 0.00%
- 1M
- -1.02%
- 6M
- -1.09%
- YTD
- -1.04%
- 1Y
- 1.45%
- 3Y*
- 3.10%
- 5Y*
- -0.44%
- 10Y*
- 0.71%
- ALL TIME*
- 1.19%
AAAGX
- 1D
- 2.67%
- 1M
- -2.58%
- 6M
- 2.00%
- YTD
- 0.39%
- 1Y
- 9.97%
- 3Y*
- 20.49%
- 5Y*
- 10.38%
- 10Y*
- 16.21%
- ALL TIME*
- 7.09%
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 |
TBFAX vs. AAAGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TBFAX Thrivent Government Bond | -1.04% | 7.00% | 0.96% | 3.52% | -10.67% | -1.92% | 6.93% | 5.70% | -0.02% | 1.79% |
AAAGX Thrivent Large Cap Growth Fund | 0.39% | 16.12% | 39.55% | 46.09% | -34.10% | 22.05% | 42.49% | 31.64% | 1.43% | 24.42% |
Correlation
The correlation between TBFAX and AAAGX is 0.22, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.22 |
Correlation (3Y) Balances recent behavior with more history. | 0.13 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.12 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.01 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2011 | -0.14 |
The correlation between TBFAX and AAAGX shifts across timeframes, from -0.14 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TBFAX vs. AAAGX — Risk / Return Rank
TBFAX
AAAGX
TBFAX vs. AAAGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thrivent Government Bond (TBFAX) and Thrivent Large Cap Growth Fund (AAAGX). 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.
| TBFAX | AAAGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.09 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.84 | 0.46 | +0.38 |
| Martin ratioReturn relative to average drawdown | 1.98 | 1.48 | +0.50 |
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Drawdowns
TBFAX vs. AAAGX - Drawdown Comparison
The maximum TBFAX drawdown since its inception was -17.68%, smaller than the maximum AAAGX drawdown of -64.98%. Use the drawdown chart below to compare losses from any high point for TBFAX and AAAGX.
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Drawdown Indicators
| TBFAX | AAAGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.68% | -64.98% | +47.30% |
Max Drawdown (1Y)Largest decline over 1 year | -3.21% | -16.76% | +13.55% |
Max Drawdown (3Y)Largest decline over 3 years | -5.53% | -23.44% | +17.91% |
Max Drawdown (5Y)Largest decline over 5 years | -16.03% | -40.41% | +24.38% |
Max Drawdown (10Y)Largest decline over 10 years | -17.68% | -40.41% | +22.73% |
Current DrawdownCurrent decline from peak | -4.30% | -5.69% | +1.39% |
Average DrawdownAverage peak-to-trough decline | -4.17% | -23.75% | +19.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 5.25% | -3.88% |
Volatility
TBFAX vs. AAAGX - Volatility Comparison
The current volatility for Thrivent Government Bond (TBFAX) is 0.90%, while Thrivent Large Cap Growth Fund (AAAGX) has a volatility of 5.31%. This indicates that TBFAX experiences smaller price fluctuations and is considered to be less risky than AAAGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TBFAX | AAAGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.90% | 5.31% | -4.41% |
Volatility (6M)Calculated over the trailing 6-month period | 2.84% | 14.13% | -11.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.67% | 17.68% | -14.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.66% | 22.97% | -17.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.72% | 21.81% | -17.09% |
TBFAX vs. AAAGX - Expense Ratio Comparison
TBFAX has a 0.77% expense ratio, which is lower than AAAGX's 1.03% expense ratio.
Dividends
TBFAX vs. AAAGX - Dividend Comparison
TBFAX's dividend yield for the trailing twelve months is around 3.22%, less than AAAGX's 3.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAAGX Thrivent Large Cap Growth Fund | 3.75% | 3.77% | 14.46% | 3.55% | 9.38% | 6.93% | 7.74% | 5.39% | 12.26% | 0.00% | 0.60% | 0.00% |
TBFAX Thrivent Government Bond | 3.22% | 3.54% | 3.73% | 2.29% | 2.08% | 0.92% | 3.29% | 2.08% | 2.02% | 1.48% | 1.25% | 0.91% |
Frequently Asked Questions
TBFAX and AAAGX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAAGX has higher volatility (5.31%) compared to TBFAX (0.90%). In terms of maximum drawdown, TBFAX dropped -17.68% vs AAAGX's -64.98%.
TBFAX currently has the higher Sharpe Ratio (0.74 vs 0.44), 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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