TBFAX vs. FUTBX
TBFAX (Thrivent Government Bond) and FUTBX (Fidelity SAI U.S. Treasury Bond Index Fund) are both Government Bonds funds. Over the past 5 years, TBFAX returned -0.09%/yr vs -0.58%/yr for FUTBX. Their correlation of 0.94 suggests significant overlap in exposure. TBFAX charges 0.77%/yr vs 0.03%/yr for FUTBX.
Performance
TBFAX vs. FUTBX - 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 FUTBX's 0.18% 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%
FUTBX
- 1D
- 0.23%
- 1M
- 0.83%
- YTD
- 0.18%
- 6M
- 0.42%
- 1Y
- 3.55%
- 3Y*
- 3.03%
- 5Y*
- -0.58%
- 10Y*
- —
TBFAX vs. FUTBX - 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% |
FUTBX Fidelity SAI U.S. Treasury Bond Index Fund | 0.18% | 6.12% | 0.70% | 4.19% | -13.00% | -2.54% | 7.76% | 7.30% | 0.95% | 2.28% |
Correlation
The correlation between TBFAX and FUTBX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.94 |
The correlation between TBFAX and FUTBX has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.
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Return for Risk
TBFAX vs. FUTBX — Risk / Return Rank
TBFAX
FUTBX
TBFAX vs. FUTBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thrivent Government Bond (TBFAX) and Fidelity SAI U.S. Treasury Bond Index Fund (FUTBX). 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 | FUTBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.16 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 1.16 | +0.09 |
| Martin ratioReturn relative to average drawdown | 3.44 | 3.16 | +0.28 |
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Drawdowns
TBFAX vs. FUTBX - Drawdown Comparison
The maximum TBFAX drawdown since its inception was -17.68%, smaller than the maximum FUTBX drawdown of -19.69%. Use the drawdown chart below to compare losses from any high point for TBFAX and FUTBX.
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Drawdown Indicators
| TBFAX | FUTBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.68% | -19.69% | +2.01% |
Max Drawdown (1Y)Largest decline over 1 year | -3.21% | -3.09% | -0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -6.55% | -5.42% | -1.13% |
Max Drawdown (5Y)Largest decline over 5 years | -16.03% | -17.03% | +1.00% |
Max Drawdown (10Y)Largest decline over 10 years | -17.68% | — | — |
Current DrawdownCurrent decline from peak | -3.61% | -7.51% | +3.90% |
Average DrawdownAverage peak-to-trough decline | -4.17% | -6.96% | +2.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 1.13% | +0.03% |
Volatility
TBFAX vs. FUTBX - Volatility Comparison
Thrivent Government Bond (TBFAX) and Fidelity SAI U.S. Treasury Bond Index Fund (FUTBX) have volatilities of 1.12% and 1.08%, 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.
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Volatility by Period
| TBFAX | FUTBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 1.08% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.72% | 2.77% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.73% | 3.80% | -0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.65% | 5.81% | -0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.73% | 5.15% | -0.42% |
TBFAX vs. FUTBX - Expense Ratio Comparison
TBFAX has a 0.77% expense ratio, which is higher than FUTBX's 0.03% expense ratio.
Dividends
TBFAX vs. FUTBX - Dividend Comparison
TBFAX's dividend yield for the trailing twelve months is around 3.48%, less than FUTBX's 3.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUTBX Fidelity SAI U.S. Treasury Bond Index Fund | 3.64% | 3.43% | 2.90% | 2.12% | 1.12% | 0.86% | 4.54% | 2.75% | 2.05% | 1.65% | 0.00% | 0.00% |
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
With a correlation of 0.94, TBFAX and FUTBX 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.
TBFAX has higher volatility (1.12%) compared to FUTBX (1.08%). In terms of maximum drawdown, TBFAX dropped -17.68% vs FUTBX's -19.69%.
TBFAX currently has the higher Sharpe Ratio (1.07 vs 0.94), 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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