TCAAX vs. AAINX
TCAAX (Thrivent Moderately Conservative Allocation Fund) and AAINX (Thrivent Opportunity Income Plus Fund) are both mutual funds - TCAAX is a Diversified Portfolio fund managed by Thrivent, while AAINX is a Multisector Bonds fund managed by Thrivent. Over the past 10 years, TCAAX returned 5.25%/yr vs 2.75%/yr for AAINX. Their 0.29 correlation means their historical movements had little consistent relationship. TCAAX charges 0.82%/yr vs 0.88%/yr for AAINX.
Performance
TCAAX vs. AAINX - Performance Comparison
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Returns By Period
In the year-to-date period, TCAAX achieves a 4.34% return, which is significantly higher than AAINX's 0.90% return. Over the past 10 years, TCAAX has outperformed AAINX with an annualized return of 5.25%, while AAINX has yielded a comparatively lower 2.75% annualized return.
TCAAX
- 1D
- 0.87%
- 1M
- -0.50%
- 6M
- 3.04%
- YTD
- 4.34%
- 1Y
- 10.42%
- 3Y*
- 9.33%
- 5Y*
- 3.98%
- 10Y*
- 5.25%
- ALL TIME*
- 4.64%
AAINX
- 1D
- 0.11%
- 1M
- -0.98%
- 6M
- 0.30%
- YTD
- 0.90%
- 1Y
- 4.11%
- 3Y*
- 5.62%
- 5Y*
- 1.94%
- 10Y*
- 2.75%
- ALL TIME*
- 4.15%
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 |
TCAAX vs. AAINX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TCAAX Thrivent Moderately Conservative Allocation Fund | 4.34% | 11.66% | 8.27% | 11.69% | -14.96% | 6.52% | 10.12% | 14.81% | -3.89% | 7.26% |
AAINX Thrivent Opportunity Income Plus Fund | 0.90% | 7.82% | 4.90% | 7.77% | -10.57% | 1.47% | 3.75% | 8.23% | -1.24% | 4.88% |
Correlation
The correlation between TCAAX and AAINX is 0.68, 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. | 0.68 |
Correlation (3Y) Balances recent behavior with more history. | 0.67 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.69 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2006 | 0.29 |
Over the past year, TCAAX and AAINX have become more correlated (0.68) than their long-term average of 0.29, meaning their price movements have been converging.
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Return for Risk
TCAAX vs. AAINX — Risk / Return Rank
TCAAX
AAINX
TCAAX vs. AAINX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thrivent Moderately Conservative Allocation Fund (TCAAX) and Thrivent Opportunity Income Plus Fund (AAINX). 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 | AAINX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.35 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 1.94 | +0.04 |
| Martin ratioReturn relative to average drawdown | 8.46 | 8.11 | +0.35 |
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Drawdowns
TCAAX vs. AAINX - Drawdown Comparison
The maximum TCAAX drawdown since its inception was -30.82%, which is greater than AAINX's maximum drawdown of -15.72%. Use the drawdown chart below to compare losses from any high point for TCAAX and AAINX.
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Drawdown Indicators
| TCAAX | AAINX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.82% | -15.72% | -15.10% |
Max Drawdown (1Y)Largest decline over 1 year | -5.04% | -2.46% | -2.58% |
Max Drawdown (3Y)Largest decline over 3 years | -7.47% | -3.60% | -3.87% |
Max Drawdown (5Y)Largest decline over 5 years | -20.33% | -14.18% | -6.15% |
Max Drawdown (10Y)Largest decline over 10 years | -20.33% | -15.28% | -5.05% |
Current DrawdownCurrent decline from peak | -0.99% | -1.08% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -3.78% | -1.86% | -1.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.18% | 0.59% | +0.59% |
Volatility
TCAAX vs. AAINX - Volatility Comparison
Thrivent Moderately Conservative Allocation Fund (TCAAX) has a higher volatility of 1.92% compared to Thrivent Opportunity Income Plus Fund (AAINX) at 0.66%. This indicates that TCAAX's price experiences larger fluctuations and is considered to be riskier than AAINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TCAAX | AAINX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.92% | 0.66% | +1.26% |
Volatility (6M)Calculated over the trailing 6-month period | 5.59% | 2.36% | +3.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.73% | 2.79% | +3.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.11% | 4.03% | +4.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.22% | 3.89% | +3.33% |
TCAAX vs. AAINX - Expense Ratio Comparison
TCAAX has a 0.82% expense ratio, which is lower than AAINX's 0.88% expense ratio.
Dividends
TCAAX vs. AAINX - Dividend Comparison
TCAAX's dividend yield for the trailing twelve months is around 6.06%, more than AAINX's 4.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAINX Thrivent Opportunity Income Plus Fund | 4.29% | 4.62% | 4.78% | 3.88% | 4.00% | 2.74% | 2.99% | 3.76% | 4.04% | 3.28% | 3.55% | 3.88% |
TCAAX Thrivent Moderately Conservative Allocation Fund | 6.06% | 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 AAINX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TCAAX has higher volatility (1.92%) compared to AAINX (0.66%). In terms of maximum drawdown, TCAAX dropped -30.82% vs AAINX's -15.72%.
AAINX currently has the higher Sharpe Ratio (1.72 vs 1.48), 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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