THMAX vs. AAMBX
Compare and contrast key facts about Thrivent Moderate Allocation Fund (THMAX) and Thrivent Municipal Bond Fund (AAMBX).
THMAX is managed by Thrivent. It was launched on Jun 29, 2005. AAMBX is managed by Thrivent. It was launched on Dec 2, 1976.
Performance
THMAX vs. AAMBX - Performance Comparison
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THMAX vs. AAMBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
THMAX Thrivent Moderate Allocation Fund | -3.82% | 13.27% | 18.33% | 15.69% | -16.43% | 11.95% | 13.29% | 18.35% | -4.94% | 9.24% |
AAMBX Thrivent Municipal Bond Fund | -0.93% | 3.39% | 2.70% | 6.18% | -10.93% | 1.99% | 4.78% | 7.38% | 0.32% | 4.47% |
Returns By Period
In the year-to-date period, THMAX achieves a -3.82% return, which is significantly lower than AAMBX's -0.93% return. Over the past 10 years, THMAX has outperformed AAMBX with an annualized return of 7.58%, while AAMBX has yielded a comparatively lower 1.64% annualized return.
THMAX
- 1D
- -0.06%
- 1M
- -5.88%
- YTD
- -3.82%
- 6M
- -1.57%
- 1Y
- 10.97%
- 3Y*
- 12.48%
- 5Y*
- 6.53%
- 10Y*
- 7.58%
AAMBX
- 1D
- 0.30%
- 1M
- -2.83%
- YTD
- -0.93%
- 6M
- 0.45%
- 1Y
- 2.59%
- 3Y*
- 2.81%
- 5Y*
- 0.38%
- 10Y*
- 1.64%
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THMAX vs. AAMBX - Expense Ratio Comparison
THMAX has a 0.79% expense ratio, which is higher than AAMBX's 0.74% expense ratio.
Return for Risk
THMAX vs. AAMBX — Risk / Return Rank
THMAX
AAMBX
THMAX vs. AAMBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thrivent Moderate Allocation Fund (THMAX) and Thrivent Municipal Bond Fund (AAMBX). 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.
| THMAX | AAMBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 0.58 | +0.42 |
Sortino ratioReturn per unit of downside risk | 1.47 | 0.82 | +0.65 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.16 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.26 | 0.65 | +0.61 |
Martin ratioReturn relative to average drawdown | 5.78 | 1.75 | +4.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| THMAX | AAMBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 0.58 | +0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.08 | +0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.37 | +0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.45 | +0.04 |
Correlation
The correlation between THMAX and AAMBX is -0.05. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
THMAX vs. AAMBX - Dividend Comparison
THMAX's dividend yield for the trailing twelve months is around 7.03%, more than AAMBX's 3.55% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
THMAX Thrivent Moderate Allocation Fund | 7.03% | 7.15% | 12.28% | 2.96% | 1.39% | 6.31% | 4.00% | 5.24% | 4.38% | 1.40% | 1.29% | 1.20% |
AAMBX Thrivent Municipal Bond Fund | 3.55% | 4.65% | 3.93% | 2.58% | 2.97% | 2.66% | 2.80% | 3.35% | 3.45% | 3.40% | 3.41% | 3.39% |
Drawdowns
THMAX vs. AAMBX - Drawdown Comparison
The maximum THMAX drawdown since its inception was -41.95%, smaller than the maximum AAMBX drawdown of -49.18%. Use the drawdown chart below to compare losses from any high point for THMAX and AAMBX.
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Drawdown Indicators
| THMAX | AAMBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.95% | -49.18% | +7.23% |
Max Drawdown (1Y)Largest decline over 1 year | -8.00% | -5.89% | -2.11% |
Max Drawdown (5Y)Largest decline over 5 years | -24.22% | -16.17% | -8.05% |
Max Drawdown (10Y)Largest decline over 10 years | -24.22% | -16.17% | -8.05% |
Current DrawdownCurrent decline from peak | -6.10% | -2.83% | -3.27% |
Average DrawdownAverage peak-to-trough decline | -5.57% | -5.22% | -0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.74% | 2.19% | -0.45% |
Volatility
THMAX vs. AAMBX - Volatility Comparison
Thrivent Moderate Allocation Fund (THMAX) has a higher volatility of 3.20% compared to Thrivent Municipal Bond Fund (AAMBX) at 1.35%. This indicates that THMAX's price experiences larger fluctuations and is considered to be riskier than AAMBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| THMAX | AAMBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.20% | 1.35% | +1.85% |
Volatility (6M)Calculated over the trailing 6-month period | 6.20% | 1.99% | +4.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.35% | 6.11% | +5.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.59% | 4.71% | +6.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.70% | 4.40% | +6.30% |