TBFAX vs. MSFT
TBFAX (Thrivent Government Bond) is Government Bonds fund managed by Thrivent, while MSFT (Microsoft Corporation) is a stock. Over the past 10 years, TBFAX returned 0.71%/yr vs 24.97%/yr for MSFT. Their -0.10 correlation means they have often moved in opposite directions in the past.
Performance
TBFAX vs. MSFT - Performance Comparison
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Returns By Period
In the year-to-date period, TBFAX achieves a -1.04% return, which is significantly higher than MSFT's -3.48% return. Over the past 10 years, TBFAX has underperformed MSFT with an annualized return of 0.71%, while MSFT has yielded a comparatively higher 24.97% 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%
MSFT
- 1D
- 3.02%
- 1M
- 19.01%
- 6M
- 8.48%
- YTD
- -3.48%
- 1Y
- -10.62%
- 3Y*
- 12.25%
- 5Y*
- 11.19%
- 10Y*
- 24.97%
- ALL TIME*
- 25.16%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $17.39B | $14.79B | $16.23B | |
| $0.00 | $0.00 | $0.00 |
TBFAX vs. MSFT - 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% |
MSFT Microsoft Corporation | -3.48% | 15.58% | 12.93% | 58.19% | -28.02% | 52.48% | 42.53% | 57.56% | 20.80% | 40.73% |
Correlation
The correlation between TBFAX and MSFT is 0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.04 |
Correlation (3Y) Balances recent behavior with more history. | 0.02 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.07 |
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 | -0.10 |
The correlation between TBFAX and MSFT shifts across timeframes, from -0.10 (all time) to 0.07 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
TBFAX vs. MSFT — Risk / Return Rank
TBFAX
MSFT
TBFAX vs. MSFT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thrivent Government Bond (TBFAX) and Microsoft Corporation (MSFT). 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 | MSFT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.13 | ||
| Sortino ratioReturn per unit of downside risk | +1.49 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 0.95 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.84 | -0.35 | +1.20 |
| Martin ratioReturn relative to average drawdown | 1.98 | -0.63 | +2.61 |
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Drawdowns
TBFAX vs. MSFT - Drawdown Comparison
The maximum TBFAX drawdown since its inception was -17.68%, smaller than the maximum MSFT drawdown of -69.38%. Use the drawdown chart below to compare losses from any high point for TBFAX and MSFT.
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Drawdown Indicators
| TBFAX | MSFT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.68% | -69.38% | +51.70% |
Max Drawdown (1Y)Largest decline over 1 year | -3.21% | -34.50% | +31.29% |
Max Drawdown (3Y)Largest decline over 3 years | -5.53% | -34.50% | +28.97% |
Max Drawdown (5Y)Largest decline over 5 years | -16.03% | -37.15% | +21.12% |
Max Drawdown (10Y)Largest decline over 10 years | -17.68% | -37.15% | +19.47% |
Current DrawdownCurrent decline from peak | -4.30% | -13.73% | +9.43% |
Average DrawdownAverage peak-to-trough decline | -4.17% | -21.80% | +17.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 19.35% | -17.98% |
Volatility
TBFAX vs. MSFT - Volatility Comparison
The current volatility for Thrivent Government Bond (TBFAX) is 0.90%, while Microsoft Corporation (MSFT) has a volatility of 15.97%. This indicates that TBFAX experiences smaller price fluctuations and is considered to be less risky than MSFT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TBFAX | MSFT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.90% | 15.97% | -15.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.84% | 26.41% | -23.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.67% | 31.93% | -28.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.66% | 28.00% | -22.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.72% | 27.62% | -22.90% |
Dividends
TBFAX vs. MSFT - Dividend Comparison
TBFAX's dividend yield for the trailing twelve months is around 3.22%, more than MSFT's 0.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSFT Microsoft Corporation | 0.77% | 0.70% | 0.73% | 0.74% | 1.06% | 0.68% | 0.94% | 1.20% | 1.69% | 1.86% | 2.37% | 2.33% |
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 MSFT have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSFT has higher volatility (15.97%) compared to TBFAX (0.90%). In terms of maximum drawdown, TBFAX dropped -17.68% vs MSFT's -69.38%.
TBFAX currently has the higher Sharpe Ratio (0.74 vs -0.39), 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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