Thrivent Income Correlations

LUBIX Fund

USD 8.18 0.01 0.12%

The current 90-days correlation between Thrivent Income and Intermediate Term Bond Fund is 0.96 (i.e., Almost no diversification). The correlation of Thrivent Income is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Thrivent Income Correlation With Market

Average diversification

The correlation between Thrivent Income Fund and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thrivent Income Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Thrivent Income Fund. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Thrivent Mutual Fund

0.84	TWAAX	Thrivent Partner Wor	Pair Corr
0.85	TWAIX	Thrivent Partner Wor	Pair Corr
0.92	THLIX	Thrivent Limited Maturity	Pair Corr
0.65	THYFX	Thrivent Diversified	Pair Corr
0.96	AAINX	Thrivent Opportunity	Pair Corr
0.63	AAHYX	Thrivent Diversified	Pair Corr
0.63	AAMBX	Thrivent Municipal Bond	Pair Corr
0.77	LBHYX	Thrivent High Yield	Pair Corr
1.0	LBIIX	Thrivent Income	Pair Corr
0.74	LBHIX	Thrivent High Yield	Pair Corr
0.92	LBLAX	Thrivent Limited Maturity	Pair Corr
0.98	TBFAX	Thrivent Government Bond	Pair Corr
0.98	TBFIX	Thrivent Government Bond	Pair Corr
0.96	IIINX	Thrivent Opportunity	Pair Corr
0.99	VICSX	Vanguard Intermediate-ter	Pair Corr
1.0	VFICX	Vanguard Intermediate-ter	Pair Corr
1.0	VFIDX	Vanguard Intermediate-ter	Pair Corr
0.99	VICBX	Vanguard Intermediate-ter	Pair Corr
1.0	PBDPX	Pimco Investment Grade	Pair Corr
1.0	PIGIX	Investment Grade Porate	Pair Corr
1.0	PGCAX	Investment Grade Porate	Pair Corr

Moving against Thrivent Mutual Fund

0.69	AASMX	Thrivent Small Cap	Pair Corr
0.63	AAAGX	Thrivent Large Cap	Pair Corr
0.62	THLCX	Thrivent Large Cap	Pair Corr
0.53	AASCX	Thrivent Mid Cap	Pair Corr
0.69	TSCGX	Thrivent Small Cap	Pair Corr
0.69	TSCSX	Thrivent Small Cap	Pair Corr
0.57	TMCGX	Turner Emerging Growth	Pair Corr
0.53	TMSIX	Thrivent Mid Cap	Pair Corr
0.38	TAAAX	Thrivent Aggressive	Pair Corr
0.37	TAAIX	Thrivent Aggressive	Pair Corr

Related Correlations Analysis

	UIITX	CSBCX	SCCIX	PRVBX	BBINX	ARTFX	MIIIX	BMOPX
UIITX		1.0	0.99	0.95	0.91	0.77	0.99	1.0	UIITX
CSBCX	1.0		0.99	0.95	0.92	0.78	0.99	1.0	CSBCX
SCCIX	0.99	0.99		0.93	0.88	0.71	1.0	0.99	SCCIX
PRVBX	0.95	0.95	0.93		0.87	0.85	0.94	0.95	PRVBX
BBINX	0.91	0.92	0.88	0.87		0.86	0.88	0.91	BBINX
ARTFX	0.77	0.78	0.71	0.85	0.86		0.72	0.76	ARTFX
MIIIX	0.99	0.99	1.0	0.94	0.88	0.72		1.0	MIIIX
BMOPX	1.0	1.0	0.99	0.95	0.91	0.76	1.0		BMOPX
	UIITX	CSBCX	SCCIX	PRVBX	BBINX	ARTFX	MIIIX	BMOPX

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Risk-Adjusted Indicators

There is a big difference between Thrivent Mutual Fund performing well and Thrivent Income Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Thrivent Income's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
UIITX	0.23	0.02	0.29	0.56	0.18	(0.28)	0.55	(0.43)	1.45
CSBCX	0.22	0.02	0.28	0.38	0.20	(0.25)	0.49	(0.41)	1.42
SCCIX	0.25	0.02	0.26	0.41	0.22	(0.31)	0.57	(0.38)	1.44
PRVBX	0.10	0.01	0.68	0.24	0.00	(0.13)	0.23	(0.17)	0.53
BBINX	0.13	(0.01)	0.24	(0.26)	0.17	(0.18)	0.29	(0.30)	0.78
ARTFX	0.13	0.01	0.34	0.02	0.09	(0.20)	0.44	(0.22)	0.89
MIIIX	0.24	0.02	0.27	0.56	0.20	(0.32)	0.54	(0.43)	1.42
BMOPX	0.23	0.02	0.26	0.55	0.21	(0.26)	0.55	(0.34)	1.36

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