TBFAX vs. AVGO
TBFAX (Thrivent Government Bond) is Government Bonds fund managed by Thrivent Funds, while AVGO (Broadcom Inc.) is a stock. Over the past 10 years, TBFAX returned 0.91%/yr vs 42.25%/yr for AVGO. At a correlation of -0.12, they often move in opposite directions.
Performance
TBFAX vs. AVGO - Performance Comparison
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Returns By Period
In the year-to-date period, TBFAX achieves a -0.32% return, which is significantly lower than AVGO's 13.72% return. Over the past 10 years, TBFAX has underperformed AVGO with an annualized return of 0.91%, while AVGO has yielded a comparatively higher 42.25% annualized return.
TBFAX
- 1D
- 0.23%
- 1M
- 0.62%
- YTD
- -0.32%
- 6M
- -0.01%
- 1Y
- 3.86%
- 3Y*
- 3.18%
- 5Y*
- -0.09%
- 10Y*
- 0.91%
AVGO
- 1D
- -4.52%
- 1M
- -5.16%
- YTD
- 13.72%
- 6M
- 15.27%
- 1Y
- 58.01%
- 3Y*
- 70.37%
- 5Y*
- 55.97%
- 10Y*
- 42.25%
TBFAX vs. AVGO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TBFAX Thrivent Government Bond | -0.32% | 7.00% | 0.96% | 3.52% | -10.67% | -1.92% | 6.93% | 5.70% | -0.02% | 1.79% |
AVGO Broadcom Inc. | 13.72% | 50.63% | 110.49% | 104.18% | -13.27% | 56.48% | 44.88% | 29.05% | 2.18% | 48.19% |
Correlation
The correlation between TBFAX and AVGO is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2011 | -0.12 |
The correlation between TBFAX and AVGO shifts across timeframes, from -0.12 (all time) to 0.12 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TBFAX vs. AVGO — Risk / Return Rank
TBFAX
AVGO
TBFAX vs. AVGO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thrivent Government Bond (TBFAX) and Broadcom Inc. (AVGO). 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 | AVGO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.24 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 2.03 | -0.79 |
| Martin ratioReturn relative to average drawdown | 3.44 | 4.63 | -1.19 |
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Drawdowns
TBFAX vs. AVGO - Drawdown Comparison
The maximum TBFAX drawdown since its inception was -17.68%, smaller than the maximum AVGO drawdown of -48.30%. Use the drawdown chart below to compare losses from any high point for TBFAX and AVGO.
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Drawdown Indicators
| TBFAX | AVGO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.68% | -48.30% | +30.62% |
Max Drawdown (1Y)Largest decline over 1 year | -3.21% | -28.67% | +25.46% |
Max Drawdown (3Y)Largest decline over 3 years | -6.55% | -41.15% | +34.60% |
Max Drawdown (5Y)Largest decline over 5 years | -16.03% | -41.15% | +25.12% |
Max Drawdown (10Y)Largest decline over 10 years | -17.68% | -48.30% | +30.62% |
Current DrawdownCurrent decline from peak | -3.61% | -18.44% | +14.83% |
Average DrawdownAverage peak-to-trough decline | -4.17% | -8.00% | +3.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 12.57% | -11.41% |
Volatility
TBFAX vs. AVGO - Volatility Comparison
The current volatility for Thrivent Government Bond (TBFAX) is 1.12%, while Broadcom Inc. (AVGO) has a volatility of 21.58%. This indicates that TBFAX experiences smaller price fluctuations and is considered to be less risky than AVGO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TBFAX | AVGO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 21.58% | -20.46% |
Volatility (6M)Calculated over the trailing 6-month period | 2.72% | 33.32% | -30.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.73% | 46.48% | -42.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.65% | 43.61% | -37.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.73% | 39.64% | -34.91% |
Dividends
TBFAX vs. AVGO - Dividend Comparison
TBFAX's dividend yield for the trailing twelve months is around 3.48%, more than AVGO's 0.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVGO Broadcom Inc. | 0.65% | 0.70% | 0.94% | 1.71% | 3.02% | 2.24% | 3.05% | 3.54% | 3.11% | 1.87% | 1.43% | 1.13% |
TBFAX Thrivent Government Bond | 3.48% | 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 AVGO have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVGO has higher volatility (21.58%) compared to TBFAX (1.12%). In terms of maximum drawdown, TBFAX dropped -17.68% vs AVGO's -48.30%.
AVGO currently has the higher Sharpe Ratio (1.26 vs 1.07), 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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