THMBX vs. SRHMX
THMBX (Thrivent High Income Municipal Bond Fund) and SRHMX (Columbia High Yield Municipal Fund) are both High Yield Muni funds. Over the past 5 years, THMBX returned 0.03%/yr vs 0.26%/yr for SRHMX. Their correlation of 0.87 means they have usually moved in the same direction. THMBX charges 0.60%/yr vs 0.65%/yr for SRHMX.
Performance
THMBX vs. SRHMX - Performance Comparison
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Returns By Period
In the year-to-date period, THMBX achieves a 1.64% return, which is significantly lower than SRHMX's 2.33% return.
THMBX
- 1D
- -0.32%
- 1M
- -1.98%
- 6M
- 1.17%
- YTD
- 1.64%
- 1Y
- 7.37%
- 3Y*
- 4.44%
- 5Y*
- 0.03%
- 10Y*
- —
- ALL TIME*
- 2.68%
SRHMX
- 1D
- -0.33%
- 1M
- -1.95%
- 6M
- 1.48%
- YTD
- 2.33%
- 1Y
- 8.00%
- 3Y*
- 5.80%
- 5Y*
- 0.26%
- 10Y*
- 2.51%
- ALL TIME*
- 4.30%
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 |
THMBX vs. SRHMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
THMBX Thrivent High Income Municipal Bond Fund | 1.64% | 2.83% | 5.85% | 7.01% | -15.19% | 6.59% | 3.18% | 10.15% | 2.50% |
SRHMX Columbia High Yield Municipal Fund | 2.33% | 4.36% | 7.72% | 6.63% | -17.44% | 6.57% | 3.75% | 9.05% | 2.96% |
Correlation
The correlation between THMBX and SRHMX is 0.81, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.81 |
Correlation (3Y) Balances recent behavior with more history. | 0.89 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.91 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 2018 | 0.87 |
The correlation between THMBX and SRHMX has been stable across timeframes, ranging from 0.81 to 0.91 - a consistent structural relationship.
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Return for Risk
THMBX vs. SRHMX — Risk / Return Rank
THMBX
SRHMX
THMBX vs. SRHMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thrivent High Income Municipal Bond Fund (THMBX) and Columbia High Yield Municipal Fund (SRHMX). 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.
| THMBX | SRHMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.63 | 1.68 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.19 | 3.44 | -0.25 |
| Martin ratioReturn relative to average drawdown | 12.19 | 13.99 | -1.79 |
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Drawdowns
THMBX vs. SRHMX - Drawdown Comparison
The maximum THMBX drawdown since its inception was -21.08%, smaller than the maximum SRHMX drawdown of -26.04%. Use the drawdown chart below to compare losses from any high point for THMBX and SRHMX.
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Drawdown Indicators
| THMBX | SRHMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.08% | -26.04% | +4.96% |
Max Drawdown (1Y)Largest decline over 1 year | -2.71% | -2.72% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -7.24% | -7.94% | +0.70% |
Max Drawdown (5Y)Largest decline over 5 years | -21.08% | -22.59% | +1.51% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.59% | — |
Current DrawdownCurrent decline from peak | -1.98% | -1.95% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -5.30% | -2.98% | -2.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 0.66% | +0.05% |
Volatility
THMBX vs. SRHMX - Volatility Comparison
The current volatility for Thrivent High Income Municipal Bond Fund (THMBX) is 0.99%, while Columbia High Yield Municipal Fund (SRHMX) has a volatility of 1.26%. This indicates that THMBX experiences smaller price fluctuations and is considered to be less risky than SRHMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| THMBX | SRHMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.99% | 1.26% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 2.61% | 2.76% | -0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.40% | 3.51% | -0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.22% | 5.93% | -0.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.72% | 5.63% | +0.09% |
THMBX vs. SRHMX - Expense Ratio Comparison
THMBX has a 0.60% expense ratio, which is lower than SRHMX's 0.65% expense ratio.
Dividends
THMBX vs. SRHMX - Dividend Comparison
THMBX's dividend yield for the trailing twelve months is around 3.99%, less than SRHMX's 4.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SRHMX Columbia High Yield Municipal Fund | 4.32% | 5.65% | 4.79% | 4.30% | 4.46% | 3.40% | 3.83% | 4.55% | 5.10% | 4.30% | 4.56% | 4.55% |
THMBX Thrivent High Income Municipal Bond Fund | 3.99% | 4.31% | 4.10% | 2.81% | 3.11% | 2.77% | 2.92% | 2.93% | 2.78% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
THMBX and SRHMX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SRHMX has higher volatility (1.26%) compared to THMBX (0.99%). In terms of maximum drawdown, THMBX dropped -21.08% vs SRHMX's -26.04%.
SRHMX currently has the higher Sharpe Ratio (2.67 vs 2.55), 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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