AGRH vs. TUSB

Last updated Jun 4, 2026

AGRH (iShares Interest Rate Hedged U.S. Aggregate Bond ETF) and TUSB (Thrivent Ultra Short Bond ETF) are both Ultrashort Bond funds. AGRH is passively managed, while TUSB is actively managed. Over the past year, AGRH returned 6.30% vs 4.62% for TUSB. At a 0.13 correlation, their price movements are largely independent. AGRH charges 0.13%/yr vs 0.20%/yr for TUSB.

Performance

AGRH vs. TUSB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Interest Rate Hedged U.S. Aggregate Bond ETF (AGRH) and Thrivent Ultra Short Bond ETF (TUSB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

As of year-to-date, both investments have demonstrated similar returns, with AGRH at 1.78% and TUSB at 1.78%.

AGRH

• 1D: -0.04%
• 1M: 0.73%
• YTD: 1.78%
• 6M: 2.44%
• 1Y: 6.30%
• 3Y*: 5.97%
• 5Y*: —
• 10Y*: —

TUSB

• 1D: -0.10%
• 1M: 0.44%
• YTD: 1.78%
• 6M: 2.09%
• 1Y: 4.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AGRH vs. TUSB - Yearly Performance Comparison

	2026 (YTD)	2025
AGRH iShares Interest Rate Hedged U.S. Aggregate Bond ETF	1.78%	4.77%
TUSB Thrivent Ultra Short Bond ETF	1.78%	4.14%

Correlation

The correlation between AGRH and TUSB is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025	0.13

Return for Risk

AGRH vs. TUSB — Risk / Return Rank

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

AGRH

AGRH Risk / Return Rank: 97
AGRH Sharpe Ratio Rank: 96
AGRH Sortino Ratio Rank: 98
AGRH Omega Ratio Rank: 98
AGRH Calmar Ratio Rank: 96
AGRH Martin Ratio Rank: 97

TUSB

TUSB Risk / Return Rank: 98
TUSB Sharpe Ratio Rank: 98
TUSB Sortino Ratio Rank: 98
TUSB Omega Ratio Rank: 98
TUSB Calmar Ratio Rank: 98
TUSB Martin Ratio Rank: 98

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.

AGRH vs. TUSB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Interest Rate Hedged U.S. Aggregate Bond ETF (AGRH) and Thrivent Ultra Short Bond ETF (TUSB). 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.

	AGRH	TUSB	Difference
Sharpe ratio: Return per unit of total volatility	4.41	5.03	-0.62
Sortino ratio: Return per unit of downside risk	7.67	8.97	-1.30
Omega ratio: Gain probability vs. loss probability	2.12	2.24	-0.12
Calmar ratio: Return relative to maximum drawdown	9.44	18.74	-9.30
Martin ratio: Return relative to average drawdown	44.94	79.65	-34.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AGRH vs. TUSB - Sharpe Ratio Comparison

The current AGRH Sharpe Ratio is 4.41, which is comparable to the TUSB Sharpe Ratio of 5.03. The chart below compares the historical Sharpe Ratios of AGRH and TUSB, 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

	AGRH	TUSB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.41	5.03	-0.62
Sharpe Ratio (All Time) Calculated using the full available price history	3.13	3.73	-0.60

Drawdowns

AGRH vs. TUSB - Drawdown Comparison

The maximum AGRH drawdown since its inception was -1.73%, which is greater than TUSB's maximum drawdown of -0.51%. Use the drawdown chart below to compare losses from any high point for AGRH and TUSB.

Drawdown Indicators

	AGRH	TUSB	Difference
Max Drawdown Largest peak-to-trough decline	-1.73%	-0.51%	-1.22%
Max Drawdown (1Y) Largest decline over 1 year	-0.67%	-0.25%	-0.42%
Max Drawdown (3Y) Largest decline over 3 years	-1.73%	—	—
Current Drawdown Current decline from peak	-0.07%	-0.13%	+0.06%
Average Drawdown Average peak-to-trough decline	-0.16%	-0.06%	-0.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.14%	0.06%	+0.08%

Volatility

AGRH vs. TUSB - Volatility Comparison

iShares Interest Rate Hedged U.S. Aggregate Bond ETF (AGRH) has a higher volatility of 0.43% compared to Thrivent Ultra Short Bond ETF (TUSB) at 0.33%. This indicates that AGRH's price experiences larger fluctuations and is considered to be riskier than TUSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AGRH	TUSB	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.43%	0.33%	+0.10%
Volatility (6M) Calculated over the trailing 6-month period	1.00%	0.66%	+0.34%
Volatility (1Y) Calculated over the trailing 1-year period	1.44%	0.92%	+0.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.78%	1.25%	+0.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.78%	1.25%	+0.53%

AGRH vs. TUSB - Expense Ratio Comparison

AGRH has a 0.13% expense ratio, which is lower than TUSB's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

AGRH vs. TUSB - Dividend Comparison

AGRH's dividend yield for the trailing twelve months is around 4.18%, less than TUSB's 4.26% yield.

Position	TTM	2025	2024	2023	2022
AGRH iShares Interest Rate Hedged U.S. Aggregate Bond ETF	4.18%	4.63%	5.17%	4.69%	1.24%
TUSB Thrivent Ultra Short Bond ETF	4.26%	3.62%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AGRH and TUSB in my portfolio?

AGRH and TUSB have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AGRH or TUSB?

AGRH has higher volatility (0.43%) compared to TUSB (0.33%). In terms of maximum drawdown, AGRH dropped -1.73% vs TUSB's -0.51%.

Which ETF is better, AGRH or TUSB?

On 1-year performance, AGRH leads with 6.30% vs 4.62% for TUSB. On fees, AGRH is cheaper at 0.13% per year. On volatility, TUSB has been the lower-risk option at 0.33%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AGRH or TUSB?

Over the 1-year period, AGRH has performed better with a 6.30% return vs 4.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AGRH or TUSB?

AGRH is cheaper with a 0.13% expense ratio, compared with 0.20% for TUSB.

Which ETF pays a higher dividend yield, AGRH or TUSB?

TUSB has the higher dividend yield at 4.26%, compared with 4.18% for AGRH.

What is the main difference between AGRH and TUSB?

They also come from different issuers: iShares and Thrivent. Their fees differ too: 0.13% for AGRH and 0.20% for TUSB.

Which has better risk-adjusted returns?

TUSB currently has the higher Sharpe Ratio (5.03 vs 4.41), 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.