TMSIX vs. AASMX

Last updated Jun 4, 2026

TMSIX (Thrivent Mid Cap Stock Fund Class S) and AASMX (Thrivent Small Cap Stock Fund) are both mutual funds - TMSIX is a Mid Cap Blend Equities fund managed by Thrivent, while AASMX is a Small Cap Blend Equities fund managed by Thrivent. Over the past 10 years, TMSIX returned 12.29%/yr vs 10.99%/yr for AASMX. Their correlation of 0.94 suggests significant overlap in exposure. TMSIX charges 0.74%/yr vs 1.07%/yr for AASMX.

Performance

TMSIX vs. AASMX - Performance Comparison

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

Returns By Period

In the year-to-date period, TMSIX achieves a 15.19% return, which is significantly higher than AASMX's 12.90% return. Over the past 10 years, TMSIX has outperformed AASMX with an annualized return of 12.29%, while AASMX has yielded a comparatively lower 10.99% annualized return.

TMSIX

• 1D: 0.70%
• 1M: 4.85%
• YTD: 15.19%
• 6M: 14.64%
• 1Y: 20.73%
• 3Y*: 14.71%
• 5Y*: 7.00%
• 10Y*: 12.29%

AASMX

• 1D: 1.20%
• 1M: 4.72%
• YTD: 12.90%
• 6M: 11.68%
• 1Y: 24.57%
• 3Y*: 13.05%
• 5Y*: 5.96%
• 10Y*: 10.99%

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

TMSIX vs. AASMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TMSIX Thrivent Mid Cap Stock Fund Class S	15.19%	4.64%	14.08%	13.90%	-17.68%	28.06%	21.96%	24.88%	-10.47%	18.90%
AASMX Thrivent Small Cap Stock Fund	12.90%	2.13%	13.02%	12.20%	-11.24%	23.82%	22.48%	27.55%	-10.77%	11.70%

Correlation

The correlation between TMSIX and AASMX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Dec 30, 1997	0.94

The correlation between TMSIX and AASMX has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.

Return for Risk

TMSIX vs. AASMX — Risk / Return Rank

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

TMSIX

TMSIX Risk / Return Rank: 34
TMSIX Sharpe Ratio Rank: 29
TMSIX Sortino Ratio Rank: 29
TMSIX Omega Ratio Rank: 28
TMSIX Calmar Ratio Rank: 42
TMSIX Martin Ratio Rank: 41

AASMX

AASMX Risk / Return Rank: 32
AASMX Sharpe Ratio Rank: 30
AASMX Sortino Ratio Rank: 30
AASMX Omega Ratio Rank: 26
AASMX Calmar Ratio Rank: 37
AASMX Martin Ratio Rank: 35

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.

TMSIX vs. AASMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Thrivent Mid Cap Stock Fund Class S (TMSIX) and Thrivent Small Cap Stock Fund (AASMX). 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.

	TMSIX	AASMX	Difference
Sharpe ratio: Return per unit of total volatility	1.54	1.55	-0.02
Sortino ratio: Return per unit of downside risk	2.24	2.29	-0.05
Omega ratio: Gain probability vs. loss probability	1.27	1.27	+0.01
Calmar ratio: Return relative to maximum drawdown	2.44	2.31	+0.13
Martin ratio: Return relative to average drawdown	8.82	7.73	+1.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TMSIX vs. AASMX - Sharpe Ratio Comparison

The current TMSIX Sharpe Ratio is 1.54, which is comparable to the AASMX Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of TMSIX and AASMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TMSIX	AASMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.54	1.55	-0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.34	0.27	+0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	0.49	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.40	+0.07

Drawdowns

TMSIX vs. AASMX - Drawdown Comparison

The maximum TMSIX drawdown since its inception was -56.10%, roughly equal to the maximum AASMX drawdown of -57.13%. Use the drawdown chart below to compare losses from any high point for TMSIX and AASMX.

Drawdown Indicators

	TMSIX	AASMX	Difference
Max Drawdown Largest peak-to-trough decline	-56.10%	-57.13%	+1.03%
Max Drawdown (1Y) Largest decline over 1 year	-8.97%	-11.55%	+2.58%
Max Drawdown (3Y) Largest decline over 3 years	-20.18%	-26.56%	+6.38%
Max Drawdown (5Y) Largest decline over 5 years	-31.57%	-29.43%	-2.14%
Max Drawdown (10Y) Largest decline over 10 years	-40.66%	-41.66%	+1.00%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-10.00%	-10.81%	+0.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.48%	3.44%	-0.96%

Volatility

TMSIX vs. AASMX - Volatility Comparison

The current volatility for Thrivent Mid Cap Stock Fund Class S (TMSIX) is 3.52%, while Thrivent Small Cap Stock Fund (AASMX) has a volatility of 4.43%. This indicates that TMSIX experiences smaller price fluctuations and is considered to be less risky than AASMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TMSIX	AASMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.52%	4.43%	-0.91%
Volatility (6M) Calculated over the trailing 6-month period	10.87%	12.32%	-1.45%
Volatility (1Y) Calculated over the trailing 1-year period	14.29%	17.19%	-2.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.42%	22.38%	-1.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.46%	22.65%	-2.19%

TMSIX vs. AASMX - Expense Ratio Comparison

TMSIX has a 0.74% expense ratio, which is lower than AASMX's 1.07% expense ratio.

Dividends

TMSIX vs. AASMX - Dividend Comparison

TMSIX's dividend yield for the trailing twelve months is around 10.76%, more than AASMX's 2.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AASMX Thrivent Small Cap Stock Fund	2.78%	3.14%	4.21%	0.42%	12.87%	14.74%	1.83%	10.84%	18.67%	0.00%	0.17%	0.00%
TMSIX Thrivent Mid Cap Stock Fund Class S	10.76%	12.39%	7.91%	1.48%	2.86%	10.77%	3.26%	2.77%	11.64%	7.92%	4.10%	11.95%

Frequently Asked Questions

Can I hold both TMSIX and AASMX in my portfolio?

TMSIX and AASMX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TMSIX or AASMX?

AASMX has higher volatility (4.43%) compared to TMSIX (3.52%). In terms of maximum drawdown, TMSIX dropped -56.10% vs AASMX's -57.13%.

Which has better risk-adjusted returns?

AASMX currently has the higher Sharpe Ratio (1.55 vs 1.54), 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.