TWAAX vs. AAHYX
TWAAX (Thrivent International Allocation Fund) and AAHYX (Thrivent Diversified Income Plus Fund) are both mutual funds - TWAAX is a Foreign Large Cap Equities fund managed by Thrivent, while AAHYX is a Diversified Portfolio fund managed by Thrivent. Over the past 10 years, TWAAX returned 7.72%/yr vs 4.68%/yr for AAHYX. Their correlation of 0.80 means they have usually moved in the same direction. TWAAX charges 1.20%/yr vs 0.94%/yr for AAHYX.
Performance
TWAAX vs. AAHYX - Performance Comparison
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Returns By Period
In the year-to-date period, TWAAX achieves a 12.89% return, which is significantly higher than AAHYX's 3.01% return. Over the past 10 years, TWAAX has outperformed AAHYX with an annualized return of 7.72%, while AAHYX has yielded a comparatively lower 4.68% annualized return.
TWAAX
- 1D
- 3.05%
- 1M
- 0.14%
- 6M
- 6.93%
- YTD
- 12.89%
- 1Y
- 26.11%
- 3Y*
- 16.28%
- 5Y*
- 8.20%
- 10Y*
- 7.72%
- ALL TIME*
- 4.22%
AAHYX
- 1D
- 0.47%
- 1M
- -0.59%
- 6M
- 1.82%
- YTD
- 3.01%
- 1Y
- 7.81%
- 3Y*
- 7.50%
- 5Y*
- 3.08%
- 10Y*
- 4.68%
- ALL TIME*
- 4.34%
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 |
TWAAX vs. AAHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TWAAX Thrivent International Allocation Fund | 12.89% | 30.28% | 3.86% | 17.51% | -18.59% | 13.88% | 3.38% | 19.95% | -15.80% | 21.50% |
AAHYX Thrivent Diversified Income Plus Fund | 3.01% | 9.57% | 6.80% | 9.27% | -12.64% | 6.22% | 6.67% | 13.12% | -3.08% | 8.98% |
Correlation
The correlation between TWAAX and AAHYX is 0.83, 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. | 0.83 |
Correlation (3Y) Balances recent behavior with more history. | 0.70 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.73 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.77 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2008 | 0.80 |
The correlation between TWAAX and AAHYX shifts across timeframes, from 0.70 (3 years) to 0.83 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TWAAX vs. AAHYX — Risk / Return Rank
TWAAX
AAHYX
TWAAX vs. AAHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thrivent International Allocation Fund (TWAAX) and Thrivent Diversified Income Plus Fund (AAHYX). 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.
| TWAAX | AAHYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.33 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.08 | 2.23 | -0.14 |
| Martin ratioReturn relative to average drawdown | 7.55 | 9.46 | -1.91 |
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Drawdowns
TWAAX vs. AAHYX - Drawdown Comparison
The maximum TWAAX drawdown since its inception was -54.24%, which is greater than AAHYX's maximum drawdown of -34.18%. Use the drawdown chart below to compare losses from any high point for TWAAX and AAHYX.
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Drawdown Indicators
| TWAAX | AAHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.24% | -34.18% | -20.06% |
Max Drawdown (1Y)Largest decline over 1 year | -11.98% | -3.54% | -8.44% |
Max Drawdown (3Y)Largest decline over 3 years | -12.95% | -5.06% | -7.89% |
Max Drawdown (5Y)Largest decline over 5 years | -33.71% | -16.52% | -17.19% |
Max Drawdown (10Y)Largest decline over 10 years | -38.87% | -20.04% | -18.83% |
Current DrawdownCurrent decline from peak | -3.27% | -0.97% | -2.30% |
Average DrawdownAverage peak-to-trough decline | -12.60% | -4.53% | -8.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.30% | 0.83% | +2.47% |
Volatility
TWAAX vs. AAHYX - Volatility Comparison
Thrivent International Allocation Fund (TWAAX) has a higher volatility of 6.02% compared to Thrivent Diversified Income Plus Fund (AAHYX) at 1.23%. This indicates that TWAAX's price experiences larger fluctuations and is considered to be riskier than AAHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TWAAX | AAHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.02% | 1.23% | +4.79% |
Volatility (6M)Calculated over the trailing 6-month period | 14.99% | 3.75% | +11.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.90% | 4.51% | +12.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.72% | 5.84% | +10.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.01% | 6.01% | +10.00% |
TWAAX vs. AAHYX - Expense Ratio Comparison
TWAAX has a 1.20% expense ratio, which is higher than AAHYX's 0.94% expense ratio.
Dividends
TWAAX vs. AAHYX - Dividend Comparison
TWAAX's dividend yield for the trailing twelve months is around 5.83%, more than AAHYX's 3.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAHYX Thrivent Diversified Income Plus Fund | 3.44% | 3.73% | 3.83% | 3.55% | 3.10% | 6.31% | 2.44% | 3.54% | 5.72% | 2.85% | 3.39% | 3.31% |
TWAAX Thrivent International Allocation Fund | 5.83% | 6.59% | 2.66% | 2.72% | 1.72% | 9.19% | 1.25% | 2.15% | 5.56% | 2.08% | 2.00% | 0.00% |
Frequently Asked Questions
TWAAX and AAHYX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TWAAX has higher volatility (6.02%) compared to AAHYX (1.23%). In terms of maximum drawdown, TWAAX dropped -54.24% vs AAHYX's -34.18%.
AAHYX currently has the higher Sharpe Ratio (1.75 vs 1.48), 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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