TCAAX vs. AAAGX
TCAAX (Thrivent Moderately Conservative Allocation Fund) and AAAGX (Thrivent Large Cap Growth Fund) are both mutual funds - TCAAX is a Diversified Portfolio fund managed by Thrivent, while AAAGX is a Large Cap Growth Equities fund managed by Thrivent. Over the past 10 years, TCAAX returned 5.55%/yr vs 17.38%/yr for AAAGX. Their correlation of 0.86 suggests significant overlap in exposure. TCAAX charges 0.82%/yr vs 1.03%/yr for AAAGX.
Performance
TCAAX vs. AAAGX - Performance Comparison
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Returns By Period
In the year-to-date period, TCAAX achieves a 5.12% return, which is significantly higher than AAAGX's 4.48% return. Over the past 10 years, TCAAX has underperformed AAAGX with an annualized return of 5.55%, while AAAGX has yielded a comparatively higher 17.38% annualized return.
TCAAX
- 1D
- 0.57%
- 1M
- 1.14%
- YTD
- 5.12%
- 6M
- 5.03%
- 1Y
- 14.08%
- 3Y*
- 10.25%
- 5Y*
- 4.58%
- 10Y*
- 5.55%
AAAGX
- 1D
- 1.73%
- 1M
- 0.76%
- YTD
- 4.48%
- 6M
- 3.87%
- 1Y
- 21.53%
- 3Y*
- 24.24%
- 5Y*
- 12.53%
- 10Y*
- 17.38%
TCAAX vs. AAAGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TCAAX Thrivent Moderately Conservative Allocation Fund | 5.12% | 11.66% | 8.27% | 11.69% | -14.96% | 6.52% | 10.12% | 14.81% | -3.89% | 7.26% |
AAAGX Thrivent Large Cap Growth Fund | 4.48% | 16.12% | 39.55% | 46.09% | -34.10% | 22.05% | 42.49% | 31.64% | 1.43% | 24.42% |
Correlation
The correlation between TCAAX and AAAGX is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2006 | 0.86 |
The correlation between TCAAX and AAAGX has been stable across timeframes, ranging from 0.79 to 0.86 - a consistent structural relationship.
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Return for Risk
TCAAX vs. AAAGX — Risk / Return Rank
TCAAX
AAAGX
TCAAX vs. AAAGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thrivent Moderately Conservative Allocation Fund (TCAAX) 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.
| TCAAX | AAAGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.91 | ||
| Sortino ratioReturn per unit of downside risk | +1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.22 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.79 | 1.24 | +1.55 |
| Martin ratioReturn relative to average drawdown | 12.21 | 4.10 | +8.11 |
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Drawdowns
TCAAX vs. AAAGX - Drawdown Comparison
The maximum TCAAX drawdown since its inception was -30.82%, smaller than the maximum AAAGX drawdown of -64.98%. Use the drawdown chart below to compare losses from any high point for TCAAX and AAAGX.
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Drawdown Indicators
| TCAAX | AAAGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.82% | -64.98% | +34.16% |
Max Drawdown (1Y)Largest decline over 1 year | -5.04% | -16.76% | +11.72% |
Max Drawdown (3Y)Largest decline over 3 years | -7.47% | -23.44% | +15.97% |
Max Drawdown (5Y)Largest decline over 5 years | -20.33% | -40.41% | +20.08% |
Max Drawdown (10Y)Largest decline over 10 years | -20.33% | -40.41% | +20.08% |
Current DrawdownCurrent decline from peak | -0.14% | -1.85% | +1.71% |
Average DrawdownAverage peak-to-trough decline | -3.79% | -23.83% | +20.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 5.06% | -3.91% |
Volatility
TCAAX vs. AAAGX - Volatility Comparison
The current volatility for Thrivent Moderately Conservative Allocation Fund (TCAAX) is 2.63%, while Thrivent Large Cap Growth Fund (AAAGX) has a volatility of 6.55%. This indicates that TCAAX 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
| TCAAX | AAAGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.63% | 6.55% | -3.92% |
Volatility (6M)Calculated over the trailing 6-month period | 5.45% | 13.49% | -8.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.57% | 16.89% | -10.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.07% | 22.87% | -14.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.23% | 21.78% | -14.55% |
TCAAX vs. AAAGX - Expense Ratio Comparison
TCAAX has a 0.82% expense ratio, which is lower than AAAGX's 1.03% expense ratio.
Dividends
TCAAX vs. AAAGX - Dividend Comparison
TCAAX's dividend yield for the trailing twelve months is around 5.90%, more than AAAGX's 3.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAAGX Thrivent Large Cap Growth Fund | 3.60% | 3.77% | 14.46% | 3.55% | 9.38% | 6.93% | 7.74% | 5.39% | 12.26% | 0.00% | 0.60% | 0.00% |
TCAAX Thrivent Moderately Conservative Allocation Fund | 5.90% | 6.19% | 3.55% | 2.52% | 1.87% | 3.74% | 3.82% | 5.15% | 3.99% | 1.77% | 1.67% | 1.51% |
Frequently Asked Questions
TCAAX and AAAGX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAAGX has higher volatility (6.55%) compared to TCAAX (2.63%). In terms of maximum drawdown, TCAAX dropped -30.82% vs AAAGX's -64.98%.
TCAAX currently has the higher Sharpe Ratio (2.14 vs 1.23), 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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