THMAX vs. LUBIX
THMAX (Thrivent Moderate Allocation Fund) and LUBIX (Thrivent Income Fund) are both mutual funds - THMAX is a Diversified Portfolio fund managed by Thrivent, while LUBIX is a Corporate Bonds fund managed by Thrivent. Over the past 10 years, THMAX returned 8.24%/yr vs 2.30%/yr for LUBIX. Their 0.06 correlation means their historical movements had little consistent relationship. THMAX charges 0.79%/yr vs 0.74%/yr for LUBIX.
Performance
THMAX vs. LUBIX - Performance Comparison
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Returns By Period
In the year-to-date period, THMAX achieves a 6.31% return, which is significantly higher than LUBIX's -1.24% return. Over the past 10 years, THMAX has outperformed LUBIX with an annualized return of 8.24%, while LUBIX has yielded a comparatively lower 2.30% annualized return.
THMAX
- 1D
- 0.46%
- 1M
- 0.06%
- 6M
- 4.66%
- YTD
- 6.31%
- 1Y
- 14.05%
- 3Y*
- 14.04%
- 5Y*
- 7.24%
- 10Y*
- 8.24%
- ALL TIME*
- 6.14%
LUBIX
- 1D
- -0.19%
- 1M
- -1.89%
- 6M
- -1.40%
- YTD
- -1.24%
- 1Y
- 1.11%
- 3Y*
- 4.49%
- 5Y*
- -0.38%
- 10Y*
- 2.30%
- ALL TIME*
- 3.99%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
LUBIX Thrivent Income Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
THMAX vs. LUBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
THMAX Thrivent Moderate Allocation Fund | 6.31% | 13.27% | 18.33% | 15.69% | -16.43% | 11.95% | 13.29% | 18.35% | -4.94% | 9.24% |
LUBIX Thrivent Income Fund | -1.24% | 7.57% | 2.93% | 8.11% | -16.07% | -0.76% | 11.61% | 13.20% | -2.60% | 5.69% |
Correlation
The correlation between THMAX and LUBIX is 0.47, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.47 |
Correlation (3Y) Balances recent behavior with more history. | 0.40 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.37 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2006 | 0.06 |
Over the past year, THMAX and LUBIX have become more correlated (0.47) than their long-term average of 0.06, meaning their price movements have been converging.
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Return for Risk
THMAX vs. LUBIX — Risk / Return Rank
THMAX
LUBIX
THMAX vs. LUBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thrivent Moderate Allocation Fund (THMAX) and Thrivent Income Fund (LUBIX). 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.
| THMAX | LUBIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.03 | ||
| Sortino ratioReturn per unit of downside risk | +1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.08 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 0.58 | +1.58 |
| Martin ratioReturn relative to average drawdown | 9.23 | 1.62 | +7.61 |
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Drawdowns
THMAX vs. LUBIX - Drawdown Comparison
The maximum THMAX drawdown since its inception was -41.95%, which is greater than LUBIX's maximum drawdown of -23.52%. Use the drawdown chart below to compare losses from any high point for THMAX and LUBIX.
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Drawdown Indicators
| THMAX | LUBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.95% | -23.52% | -18.43% |
Max Drawdown (1Y)Largest decline over 1 year | -6.10% | -3.22% | -2.88% |
Max Drawdown (3Y)Largest decline over 3 years | -11.85% | -5.59% | -6.26% |
Max Drawdown (5Y)Largest decline over 5 years | -24.22% | -22.12% | -2.10% |
Max Drawdown (10Y)Largest decline over 10 years | -24.22% | -22.12% | -2.10% |
Current DrawdownCurrent decline from peak | -0.63% | -2.67% | +2.04% |
Average DrawdownAverage peak-to-trough decline | -5.49% | -3.78% | -1.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 1.14% | +0.28% |
Volatility
THMAX vs. LUBIX - Volatility Comparison
Thrivent Moderate Allocation Fund (THMAX) has a higher volatility of 2.48% compared to Thrivent Income Fund (LUBIX) at 1.05%. This indicates that THMAX's price experiences larger fluctuations and is considered to be riskier than LUBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| THMAX | LUBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.48% | 1.05% | +1.43% |
Volatility (6M)Calculated over the trailing 6-month period | 7.10% | 3.24% | +3.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.88% | 4.11% | +4.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.74% | 6.40% | +5.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.74% | 5.64% | +5.10% |
THMAX vs. LUBIX - Expense Ratio Comparison
THMAX has a 0.79% expense ratio, which is higher than LUBIX's 0.74% expense ratio.
Dividends
THMAX vs. LUBIX - Dividend Comparison
THMAX's dividend yield for the trailing twelve months is around 6.77%, more than LUBIX's 4.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LUBIX Thrivent Income Fund | 4.04% | 4.20% | 4.13% | 3.06% | 3.30% | 4.18% | 5.21% | 3.42% | 3.44% | 2.99% | 3.16% | 3.40% |
THMAX Thrivent Moderate Allocation Fund | 6.77% | 7.15% | 12.28% | 2.96% | 1.39% | 6.31% | 4.00% | 5.24% | 4.38% | 1.40% | 1.29% | 1.20% |
Frequently Asked Questions
THMAX and LUBIX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
THMAX has higher volatility (2.48%) compared to LUBIX (1.05%). In terms of maximum drawdown, THMAX dropped -41.95% vs LUBIX's -23.52%.
THMAX currently has the higher Sharpe Ratio (1.48 vs 0.45), 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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