TSCSX vs. AAAGX

Last updated Jun 4, 2026

TSCSX (Thrivent Small Cap Stock Fund Class S) and AAAGX (Thrivent Large Cap Growth Fund) are both mutual funds - TSCSX is a Small Cap Blend Equities fund managed by Thrivent, while AAAGX is a Large Cap Growth Equities fund managed by Thrivent. Over the past 10 years, TSCSX returned 12.62%/yr vs 17.25%/yr for AAAGX. Their correlation of 0.80 suggests significant overlap in exposure. TSCSX charges 0.80%/yr vs 1.03%/yr for AAAGX.

Performance

TSCSX vs. AAAGX - Performance Comparison

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

Returns By Period

In the year-to-date period, TSCSX achieves a 12.98% return, which is significantly higher than AAAGX's 6.31% return. Over the past 10 years, TSCSX has underperformed AAAGX with an annualized return of 12.62%, while AAAGX has yielded a comparatively higher 17.25% annualized return.

TSCSX

• 1D: 1.22%
• 1M: 4.74%
• YTD: 12.98%
• 6M: 11.77%
• 1Y: 24.87%
• 3Y*: 13.11%
• 5Y*: 6.13%
• 10Y*: 12.62%

AAAGX

• 1D: -0.14%
• 1M: 5.06%
• YTD: 6.31%
• 6M: 5.62%
• 1Y: 23.58%
• 3Y*: 26.36%
• 5Y*: 13.92%
• 10Y*: 17.25%

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

TSCSX vs. AAAGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TSCSX Thrivent Small Cap Stock Fund Class S	12.98%	2.36%	12.73%	12.47%	-10.94%	24.22%	22.87%	27.92%	-10.52%	21.22%
AAAGX Thrivent Large Cap Growth Fund	6.31%	16.12%	39.55%	46.09%	-34.10%	22.05%	42.49%	31.64%	1.43%	24.42%

Correlation

The correlation between TSCSX and AAAGX is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (10Y) Calculated over the trailing 10-year period	0.67
Correlation (All Time) Calculated using the full available price history since Nov 1, 1999	0.80

Over the past year, the correlation between TSCSX and AAAGX has dropped to 0.57 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.

Return for Risk

TSCSX vs. AAAGX — Risk / Return Rank

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

TSCSX

TSCSX Risk / Return Rank: 32
TSCSX Sharpe Ratio Rank: 30
TSCSX Sortino Ratio Rank: 31
TSCSX Omega Ratio Rank: 27
TSCSX Calmar Ratio Rank: 38
TSCSX Martin Ratio Rank: 35

AAAGX

AAAGX Risk / Return Rank: 23
AAAGX Sharpe Ratio Rank: 29
AAAGX Sortino Ratio Rank: 26
AAAGX Omega Ratio Rank: 26
AAAGX Calmar Ratio Rank: 16
AAAGX Martin Ratio Rank: 18

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.

TSCSX vs. AAAGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Thrivent Small Cap Stock Fund Class S (TSCSX) and Thrivent Large Cap Growth Fund (AAAGX). 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.

	TSCSX	AAAGX	Difference
Sharpe ratio Return per unit of total volatility	1.57	1.53	+0.04
Sortino ratio Return per unit of downside risk	2.31	2.11	+0.21
Omega ratio Gain probability vs. loss probability	1.27	1.27	0.00
Calmar ratio Return relative to maximum drawdown	2.34	1.45	+0.89
Martin ratio Return relative to average drawdown	7.85	4.86	+2.99
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TSCSX vs. AAAGX - Sharpe Ratio Comparison

The current TSCSX Sharpe Ratio is 1.57, which is comparable to the AAAGX Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of TSCSX and AAAGX, 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

	TSCSX	AAAGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.57	1.53	+0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	0.62	-0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	0.80	-0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.34	+0.08

Drawdowns

TSCSX vs. AAAGX - Drawdown Comparison

The maximum TSCSX drawdown since its inception was -56.66%, smaller than the maximum AAAGX drawdown of -64.98%. Use the drawdown chart below to compare losses from any high point for TSCSX and AAAGX.

Drawdown Indicators

	TSCSX	AAAGX	Difference
Max Drawdown Largest peak-to-trough decline	-56.66%	-64.98%	+8.32%
Max Drawdown (1Y) Largest decline over 1 year	-11.53%	-16.76%	+5.23%
Max Drawdown (3Y) Largest decline over 3 years	-26.84%	-23.44%	-3.40%
Max Drawdown (5Y) Largest decline over 5 years	-27.04%	-40.41%	+13.37%
Max Drawdown (10Y) Largest decline over 10 years	-41.63%	-40.41%	-1.22%
Current Drawdown Current decline from peak	0.00%	-0.14%	+0.14%
Average Drawdown Average peak-to-trough decline	-10.25%	-23.87%	+13.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.43%	5.01%	-1.58%

Volatility

TSCSX vs. AAAGX - Volatility Comparison

Thrivent Small Cap Stock Fund Class S (TSCSX) has a higher volatility of 4.44% compared to Thrivent Large Cap Growth Fund (AAAGX) at 3.80%. This indicates that TSCSX's price experiences larger fluctuations and is considered to be riskier than AAAGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSCSX	AAAGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.44%	3.80%	+0.64%
Volatility (6M) Calculated over the trailing 6-month period	12.33%	12.18%	+0.15%
Volatility (1Y) Calculated over the trailing 1-year period	17.20%	15.98%	+1.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.66%	22.74%	-1.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.13%	21.71%	+0.42%

TSCSX vs. AAAGX - Expense Ratio Comparison

TSCSX has a 0.80% expense ratio, which is lower than AAAGX's 1.03% expense ratio.

Dividends

TSCSX vs. AAAGX - Dividend Comparison

TSCSX's dividend yield for the trailing twelve months is around 2.09%, less than AAAGX's 3.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AAAGX Thrivent Large Cap Growth Fund	3.54%	3.77%	14.46%	3.55%	9.38%	6.93%	7.74%	5.39%	12.26%	0.00%	0.60%	0.00%
TSCSX Thrivent Small Cap Stock Fund Class S	2.09%	2.36%	3.18%	0.46%	9.60%	11.33%	1.60%	8.72%	15.00%	6.68%	4.19%	8.34%

Frequently Asked Questions

Can I hold both TSCSX and AAAGX in my portfolio?

TSCSX and AAAGX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TSCSX or AAAGX?

TSCSX has higher volatility (4.44%) compared to AAAGX (3.80%). In terms of maximum drawdown, TSCSX dropped -56.66% vs AAAGX's -64.98%.

Which has better risk-adjusted returns?

TSCSX currently has the higher Sharpe Ratio (1.57 vs 1.53), 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.