THMAX vs. TMSIX

Last updated Apr 1, 2026

Compare and contrast key facts about Thrivent Moderate Allocation Fund (THMAX) and Thrivent Mid Cap Stock Fund Class S (TMSIX).

THMAX is managed by Thrivent. It was launched on Jun 29, 2005. TMSIX is managed by Thrivent. It was launched on Jun 30, 1993.

Performance

THMAX vs. TMSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Thrivent Moderate Allocation Fund (THMAX) and Thrivent Mid Cap Stock Fund Class S (TMSIX). The values are adjusted to include any dividend payments, if applicable.

THMAX vs. TMSIX - 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%
TMSIX Thrivent Mid Cap Stock Fund Class S	-2.40%	4.64%	14.08%	13.90%	-17.68%	28.06%	21.96%	24.88%	-10.47%	18.90%

Returns By Period

In the year-to-date period, THMAX achieves a -3.82% return, which is significantly lower than TMSIX's -2.40% return. Over the past 10 years, THMAX has underperformed TMSIX with an annualized return of 7.58%, while TMSIX has yielded a comparatively higher 11.16% 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%

TMSIX

• 1D: -0.54%
• 1M: -8.39%
• YTD: -2.40%
• 6M: -0.70%
• 1Y: 6.18%
• 3Y*: 8.10%
• 5Y*: 5.03%
• 10Y*: 11.16%

*Multi-year figures are annualized to reflect compound growth (CAGR)

THMAX vs. TMSIX - Expense Ratio Comparison

THMAX has a 0.79% expense ratio, which is higher than TMSIX's 0.74% expense ratio.

THMAX

Thrivent Moderate Allocation Fund

TMSIX

Thrivent Mid Cap Stock Fund Class S

Return for Risk

THMAX vs. TMSIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

THMAX

THMAX Risk / Return Rank: 55
THMAX Sharpe Ratio Rank: 54
THMAX Sortino Ratio Rank: 55
THMAX Omega Ratio Rank: 55
THMAX Calmar Ratio Rank: 52
THMAX Martin Ratio Rank: 60

TMSIX

TMSIX Risk / Return Rank: 14
TMSIX Sharpe Ratio Rank: 14
TMSIX Sortino Ratio Rank: 14
TMSIX Omega Ratio Rank: 14
TMSIX Calmar Ratio Rank: 13
TMSIX Martin Ratio Rank: 15

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

THMAX vs. TMSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Thrivent Moderate Allocation Fund (THMAX) and Thrivent Mid Cap Stock Fund Class S (TMSIX). 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	TMSIX	Difference
Sharpe ratio Return per unit of total volatility	1.00	0.34	+0.66
Sortino ratio Return per unit of downside risk	1.47	0.62	+0.85
Omega ratio Gain probability vs. loss probability	1.22	1.08	+0.13
Calmar ratio Return relative to maximum drawdown	1.26	0.34	+0.92
Martin ratio Return relative to average drawdown	5.78	1.38	+4.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

THMAX vs. TMSIX - Sharpe Ratio Comparison

The current THMAX Sharpe Ratio is 1.00, which is higher than the TMSIX Sharpe Ratio of 0.34. The chart below compares the historical Sharpe Ratios of THMAX and TMSIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	THMAX	TMSIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.00	0.34	+0.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.57	0.25	+0.32
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.71	0.55	+0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.44	+0.05

Correlation

The correlation between THMAX and TMSIX is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

THMAX vs. TMSIX - Dividend Comparison

THMAX's dividend yield for the trailing twelve months is around 7.03%, less than TMSIX's 12.70% 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%
TMSIX Thrivent Mid Cap Stock Fund Class S	12.70%	12.39%	7.91%	1.48%	2.86%	10.77%	3.26%	2.77%	11.64%	7.92%	4.10%	11.95%

Drawdowns

THMAX vs. TMSIX - Drawdown Comparison

The maximum THMAX drawdown since its inception was -41.95%, smaller than the maximum TMSIX drawdown of -56.10%. Use the drawdown chart below to compare losses from any high point for THMAX and TMSIX.

Drawdown Indicators

	THMAX	TMSIX	Difference
Max Drawdown Largest peak-to-trough decline	-41.95%	-56.10%	+14.15%
Max Drawdown (1Y) Largest decline over 1 year	-8.00%	-13.29%	+5.29%
Max Drawdown (5Y) Largest decline over 5 years	-24.22%	-31.57%	+7.35%
Max Drawdown (10Y) Largest decline over 10 years	-24.22%	-40.66%	+16.44%
Current Drawdown Current decline from peak	-6.10%	-8.97%	+2.87%
Average Drawdown Average peak-to-trough decline	-5.57%	-10.06%	+4.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.74%	3.29%	-1.55%

Volatility

THMAX vs. TMSIX - Volatility Comparison

The current volatility for Thrivent Moderate Allocation Fund (THMAX) is 3.20%, while Thrivent Mid Cap Stock Fund Class S (TMSIX) has a volatility of 5.48%. This indicates that THMAX experiences smaller price fluctuations and is considered to be less risky than TMSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	THMAX	TMSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.20%	5.48%	-2.28%
Volatility (6M) Calculated over the trailing 6-month period	6.20%	10.71%	-4.51%
Volatility (1Y) Calculated over the trailing 1-year period	11.35%	19.02%	-7.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.59%	20.37%	-8.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.70%	20.40%	-9.70%