THMAX vs. TMAAX
THMAX (Thrivent Moderate Allocation Fund) and TMAAX (Thrivent Moderately Aggressive Allocation Fund Class A) are both Diversified Portfolio funds from Thrivent. Over the past 10 years, THMAX returned 8.14%/yr vs 9.51%/yr for TMAAX. Their 0.99 correlation means they have historically moved very closely together. THMAX charges 0.79%/yr vs 1.33%/yr for TMAAX.
Performance
THMAX vs. TMAAX - Performance Comparison
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Returns By Period
In the year-to-date period, THMAX achieves a 5.82% return, which is significantly lower than TMAAX's 8.04% return. Over the past 10 years, THMAX has underperformed TMAAX with an annualized return of 8.14%, while TMAAX has yielded a comparatively higher 9.51% annualized return.
THMAX
- 1D
- 1.17%
- 1M
- -0.40%
- 6M
- 4.49%
- YTD
- 5.82%
- 1Y
- 13.53%
- 3Y*
- 13.74%
- 5Y*
- 7.14%
- 10Y*
- 8.14%
- ALL TIME*
- 6.12%
TMAAX
- 1D
- 1.54%
- 1M
- -0.30%
- 6M
- 6.01%
- YTD
- 8.04%
- 1Y
- 17.04%
- 3Y*
- 15.33%
- 5Y*
- 8.19%
- 10Y*
- 9.51%
- ALL TIME*
- 6.82%
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 |
THMAX vs. TMAAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
THMAX Thrivent Moderate Allocation Fund | 5.82% | 13.27% | 18.33% | 15.69% | -16.43% | 11.95% | 13.29% | 18.35% | -4.94% | 9.24% |
TMAAX Thrivent Moderately Aggressive Allocation Fund Class A | 8.04% | 15.13% | 19.29% | 17.06% | -17.79% | 15.74% | 14.13% | 21.47% | -6.30% | 11.50% |
Correlation
The correlation between THMAX and TMAAX is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.99 |
Correlation (3Y) Balances recent behavior with more history. | 0.99 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.99 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2006 | 0.99 |
The correlation between THMAX and TMAAX has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
THMAX vs. TMAAX — Risk / Return Rank
THMAX
TMAAX
THMAX vs. TMAAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thrivent Moderate Allocation Fund (THMAX) and Thrivent Moderately Aggressive Allocation Fund Class A (TMAAX). 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 | TMAAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.26 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 2.04 | 0.00 |
| Martin ratioReturn relative to average drawdown | 8.72 | 8.76 | -0.04 |
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Drawdowns
THMAX vs. TMAAX - Drawdown Comparison
The maximum THMAX drawdown since its inception was -41.95%, smaller than the maximum TMAAX drawdown of -50.54%. Use the drawdown chart below to compare losses from any high point for THMAX and TMAAX.
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Drawdown Indicators
| THMAX | TMAAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.95% | -50.54% | +8.59% |
Max Drawdown (1Y)Largest decline over 1 year | -6.10% | -7.55% | +1.45% |
Max Drawdown (3Y)Largest decline over 3 years | -11.85% | -14.37% | +2.52% |
Max Drawdown (5Y)Largest decline over 5 years | -24.22% | -26.55% | +2.33% |
Max Drawdown (10Y)Largest decline over 10 years | -24.22% | -26.99% | +2.77% |
Current DrawdownCurrent decline from peak | -1.08% | -1.10% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -5.49% | -7.31% | +1.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 1.75% | -0.33% |
Volatility
THMAX vs. TMAAX - Volatility Comparison
The current volatility for Thrivent Moderate Allocation Fund (THMAX) is 2.46%, while Thrivent Moderately Aggressive Allocation Fund Class A (TMAAX) has a volatility of 3.08%. This indicates that THMAX experiences smaller price fluctuations and is considered to be less risky than TMAAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| THMAX | TMAAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.46% | 3.08% | -0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 7.09% | 8.83% | -1.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.87% | 10.94% | -2.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.75% | 14.00% | -2.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.74% | 13.29% | -2.55% |
THMAX vs. TMAAX - Expense Ratio Comparison
THMAX has a 0.79% expense ratio, which is lower than TMAAX's 1.33% expense ratio.
Dividends
THMAX vs. TMAAX - Dividend Comparison
THMAX's dividend yield for the trailing twelve months is around 6.80%, which matches TMAAX's 6.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
THMAX Thrivent Moderate Allocation Fund | 6.80% | 7.15% | 12.28% | 2.96% | 1.39% | 6.31% | 4.00% | 5.24% | 4.38% | 1.40% | 1.29% | 1.20% |
TMAAX Thrivent Moderately Aggressive Allocation Fund Class A | 6.74% | 7.29% | 11.82% | 3.55% | 3.03% | 6.94% | 4.16% | 6.27% | 6.01% | 1.10% | 0.99% | 0.76% |
Frequently Asked Questions
With a correlation of 0.99, THMAX and TMAAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
TMAAX has higher volatility (3.08%) compared to THMAX (2.46%). In terms of maximum drawdown, THMAX dropped -41.95% vs TMAAX's -50.54%.
TMAAX currently has the higher Sharpe Ratio (1.41 vs 1.40), 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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