- CUSIP
- 88588G307
- Issuer
- Thrivent
- Inception Date
- Feb 19, 2025
- Region
- North America (United States)
- Category
- Ultrashort Bond
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $218M
Share Price Chart
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Performance
TUSB Performance Chart
Thrivent Ultra Short Bond ETF (TUSB) is up 1.8% since the beginning of the year. TUSB is currently trading at $50 per share.
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Returns By Period
Thrivent Ultra Short Bond ETF (TUSB) has returned 1.78% so far this year and 4.62% over the past 12 months.
Thrivent Ultra Short Bond ETF
- 1D
- -0.10%
- 1M
- 0.44%
- YTD
- 1.78%
- 6M
- 2.09%
- 1Y
- 4.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
TUSB Monthly Returns History
Based on dividend-adjusted daily data since Feb 19, 2025, TUSB's average daily return is +0.02%, while the average monthly return is +0.34%. At this rate, an investment would double in approximately 17.0 years.
Historically, 94% of months were positive and 6% were negative. The best month was May 2025 with a return of +0.6%, while the worst month was Jun 2026 at -0.1%. The longest winning streak lasted 16 consecutive months, and the longest losing streak was 1 months.
On a daily basis, TUSB closed higher 61% of trading days. The best single day was Apr 21, 2025 with a return of +0.4%, while the worst single day was Apr 22, 2025 at -0.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.50% | 0.30% | 0.07% | 0.54% | 0.49% | -0.13% | 1.78% | ||||||
| 2025 | 0.24% | 0.38% | 0.01% | 0.62% | 0.46% | 0.37% | 0.52% | 0.42% | 0.31% | 0.37% | 0.38% | 4.14% |
Benchmark Metrics
Thrivent Ultra Short Bond ETF has an annualized alpha of 4.50%, beta of 0.01, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since February 20, 2025.
- This ETF captured 10.12% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -8.83%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.01 may look defensive, but with R2 of 0.01 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.01 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 4.50%
- Beta
- 0.01
- R²
- 0.01
- Upside Capture
- 10.12%
- Downside Capture
- -8.83%
Expense Ratio
TUSB has an expense ratio of 0.20%, which is considered low.
Return for Risk
Risk / Return Rank
TUSB ranks 98 for risk / return — in the top 98% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Thrivent Ultra Short Bond ETF (TUSB) and compare them to S&P 500 Index.
| TUSB | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.79 | ||
| Sortino ratioReturn per unit of downside risk | +5.89 | ||
| Omega ratioGain probability vs. loss probability | 2.24 | 1.41 | +0.84 |
| Calmar ratioReturn relative to maximum drawdown | 18.74 | 2.93 | +15.81 |
| Martin ratioReturn relative to average drawdown | 79.65 | 13.52 | +66.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Thrivent Ultra Short Bond ETF provided a 4.26% dividend yield over the last twelve months, with an annual payout of $2.15 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $2.15 | $1.82 |
Dividend yield | 4.26% | 3.62% |
Monthly Dividends
The table displays the monthly dividend distributions for Thrivent Ultra Short Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.15 | $0.17 | $0.19 | $0.17 | $0.17 | $0.00 | $0.84 | ||||||
| 2025 | $0.06 | $0.17 | $0.12 | $0.17 | $0.17 | $0.19 | $0.18 | $0.17 | $0.18 | $0.17 | $0.23 | $1.82 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Thrivent Ultra Short Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Thrivent Ultra Short Bond ETF was 0.51%, occurring on Apr 16, 2025. Recovery took 2 trading sessions.
The current Thrivent Ultra Short Bond ETF drawdown is 0.13%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -0.51%Apr 2025 | 22d | 5d | 27dMar 2025 - Apr 2025 |
2025 selloff2025 | -0.47%Apr 2025 | 1d | 5d | 6dApr 2025 - Apr 2025 |
2025 selloff2025 | -0.25%Apr 2025 | 0s | 14d | 14dApr 2025 - May 2025 |
2026 pullback2026 | -0.25%Mar 2026 | 6d | 13d | 19dMar 2026 - Mar 2026 |
2025 selloff2025 | -0.22%May 2025 | 0s | 6d | 6dMay 2025 - May 2025 |
Drawdown Indicators
| TUSB | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.51% | -56.78% | +56.27% |
Max Drawdown (1Y)Largest decline over 1 year | -0.25% | -9.10% | +8.85% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.13% | -0.74% | +0.61% |
Average DrawdownAverage peak-to-trough decline | -0.06% | -10.72% | +10.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.06% | 1.97% | -1.91% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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