TBFAX vs. PEDIX
TBFAX (Thrivent Government Bond) and PEDIX (PIMCO Extended Duration Fund) are both Government Bonds funds. Over the past 10 years, TBFAX returned 0.71%/yr vs -4.27%/yr for PEDIX. Their correlation of 0.85 means they have usually moved in the same direction. TBFAX charges 0.77%/yr vs 0.50%/yr for PEDIX.
Performance
TBFAX vs. PEDIX - 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 PEDIX's -5.53% return. Over the past 10 years, TBFAX has outperformed PEDIX with an annualized return of 0.71%, while PEDIX has yielded a comparatively lower -4.27% 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%
PEDIX
- 1D
- -0.17%
- 1M
- -5.94%
- 6M
- -5.80%
- YTD
- -5.53%
- 1Y
- -4.34%
- 3Y*
- -5.13%
- 5Y*
- -12.22%
- 10Y*
- -4.27%
- ALL TIME*
- 3.23%
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. PEDIX - 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% |
PEDIX PIMCO Extended Duration Fund | -5.53% | 3.01% | -12.61% | 2.71% | -40.33% | -5.54% | 24.68% | 18.66% | -4.01% | 13.85% |
Correlation
The correlation between TBFAX and PEDIX is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.79 |
Correlation (3Y) Balances recent behavior with more history. | 0.85 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.85 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2011 | 0.85 |
The correlation between TBFAX and PEDIX has been stable across timeframes, ranging from 0.79 to 0.85 - a consistent structural relationship.
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Return for Risk
TBFAX vs. PEDIX — Risk / Return Rank
TBFAX
PEDIX
TBFAX vs. PEDIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thrivent Government Bond (TBFAX) and PIMCO Extended Duration Fund (PEDIX). 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 | PEDIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 0.99 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.84 | -0.17 | +1.01 |
| Martin ratioReturn relative to average drawdown | 1.98 | -0.36 | +2.34 |
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Drawdowns
TBFAX vs. PEDIX - Drawdown Comparison
The maximum TBFAX drawdown since its inception was -17.68%, smaller than the maximum PEDIX drawdown of -60.38%. Use the drawdown chart below to compare losses from any high point for TBFAX and PEDIX.
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Drawdown Indicators
| TBFAX | PEDIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.68% | -60.38% | +42.70% |
Max Drawdown (1Y)Largest decline over 1 year | -3.21% | -12.59% | +9.38% |
Max Drawdown (3Y)Largest decline over 3 years | -5.53% | -22.63% | +17.10% |
Max Drawdown (5Y)Largest decline over 5 years | -16.03% | -56.15% | +40.12% |
Max Drawdown (10Y)Largest decline over 10 years | -17.68% | -60.38% | +42.70% |
Current DrawdownCurrent decline from peak | -4.30% | -55.62% | +51.32% |
Average DrawdownAverage peak-to-trough decline | -4.17% | -21.45% | +17.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 5.96% | -4.59% |
Volatility
TBFAX vs. PEDIX - Volatility Comparison
The current volatility for Thrivent Government Bond (TBFAX) is 0.90%, while PIMCO Extended Duration Fund (PEDIX) has a volatility of 3.90%. This indicates that TBFAX experiences smaller price fluctuations and is considered to be less risky than PEDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TBFAX | PEDIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.90% | 3.90% | -3.00% |
Volatility (6M)Calculated over the trailing 6-month period | 2.84% | 10.96% | -8.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.67% | 14.69% | -11.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.66% | 22.05% | -16.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.72% | 20.48% | -15.76% |
TBFAX vs. PEDIX - Expense Ratio Comparison
TBFAX has a 0.77% expense ratio, which is higher than PEDIX's 0.50% expense ratio.
Dividends
TBFAX vs. PEDIX - Dividend Comparison
TBFAX's dividend yield for the trailing twelve months is around 3.22%, less than PEDIX's 3.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEDIX PIMCO Extended Duration Fund | 3.84% | 3.41% | 1.86% | 4.59% | 3.02% | 27.69% | 22.31% | 2.35% | 3.91% | 4.00% | 8.05% | 4.96% |
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 PEDIX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PEDIX has higher volatility (3.90%) compared to TBFAX (0.90%). In terms of maximum drawdown, TBFAX dropped -17.68% vs PEDIX's -60.38%.
TBFAX currently has the higher Sharpe Ratio (0.74 vs -0.15), 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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