BOBP vs. TUSB

Last updated Jul 14, 2026

BOBP (CORE16 Best of Breed Premier Index ETF) and TUSB (Thrivent Ultra Short Bond ETF) are both exchange-traded funds - BOBP is a Large Cap Blend Equities fund tracking the CORE16 Best of Breed Premier Index, while TUSB is a Ultrashort Bond fund actively managed by Thrivent. BOBP is passively managed, while TUSB is actively managed. Over the past year, BOBP returned 26.28% vs 4.43% for TUSB. At a 0.07 correlation, their price movements are largely independent. BOBP charges 0.70%/yr vs 0.20%/yr for TUSB.

Performance

BOBP vs. TUSB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CORE16 Best of Breed Premier Index ETF (BOBP) and Thrivent Ultra Short Bond ETF (TUSB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BOBP achieves a 18.56% return, which is significantly higher than TUSB's 2.13% return.

BOBP

• 1D: -1.75%
• 1M: -4.01%
• 6M: 13.03%
• YTD: 18.56%
• 1Y: 26.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TUSB

• 1D: 0.00%
• 1M: 0.18%
• 6M: 1.94%
• YTD: 2.13%
• 1Y: 4.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BOBP vs. TUSB - Yearly Performance Comparison

	2026 (YTD)	2025
BOBP CORE16 Best of Breed Premier Index ETF	18.56%	7.63%
TUSB Thrivent Ultra Short Bond ETF	2.13%	2.97%

Correlation

The correlation between BOBP and TUSB is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.06
Correlation (All Time) Calculated using the full available price history since May 21, 2025	0.07

Return for Risk

BOBP vs. TUSB — Risk / Return Rank

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

BOBP

BOBP Risk / Return Rank: 45
BOBP Sharpe Ratio Rank: 40
BOBP Sortino Ratio Rank: 38
BOBP Omega Ratio Rank: 42
BOBP Calmar Ratio Rank: 50
BOBP Martin Ratio Rank: 56

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: 99
TUSB Martin Ratio Rank: 99

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.

BOBP vs. TUSB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CORE16 Best of Breed Premier Index ETF (BOBP) 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.

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.

	BOBP	TUSB	Difference
Sharpe ratio: Return per unit of total volatility	1.16	4.69	-3.53
Sortino ratio: Return per unit of downside risk	1.63	8.22	-6.58
Omega ratio: Gain probability vs. loss probability	1.22	2.12	-0.90
Calmar ratio: Return relative to maximum drawdown	2.02	17.96	-15.94
Martin ratio: Return relative to average drawdown	7.78	72.07	-64.30

BOBP vs. TUSB - Sharpe Ratio Comparison

The current BOBP Sharpe Ratio is 1.16, which is lower than the TUSB Sharpe Ratio of 4.69. The chart below compares the historical Sharpe Ratios of BOBP 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.

Drawdowns

BOBP vs. TUSB - Drawdown Comparison

The maximum BOBP drawdown since its inception was -13.06%, which is greater than TUSB's maximum drawdown of -0.51%. Use the drawdown chart below to compare losses from any high point for BOBP and TUSB.

Drawdown Indicators

	BOBP	TUSB	Difference
Max Drawdown Largest peak-to-trough decline	-13.06%	-0.51%	-12.55%
Max Drawdown (1Y) Largest decline over 1 year	-13.06%	-0.25%	-12.81%
Current Drawdown Current decline from peak	-9.22%	-0.01%	-9.21%
Average Drawdown Average peak-to-trough decline	-1.87%	-0.06%	-1.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.39%	0.06%	+3.33%

Volatility

BOBP vs. TUSB - Volatility Comparison

CORE16 Best of Breed Premier Index ETF (BOBP) has a higher volatility of 12.53% compared to Thrivent Ultra Short Bond ETF (TUSB) at 0.31%. This indicates that BOBP'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

	BOBP	TUSB	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.53%	0.31%	+12.22%
Volatility (6M) Calculated over the trailing 6-month period	20.80%	0.70%	+20.10%
Volatility (1Y) Calculated over the trailing 1-year period	22.81%	0.95%	+21.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.56%	1.24%	+20.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.56%	1.24%	+20.32%

BOBP vs. TUSB - Expense Ratio Comparison

BOBP has a 0.70% expense ratio, which is higher than TUSB's 0.20% expense ratio.

Dividends

BOBP vs. TUSB - Dividend Comparison

BOBP's dividend yield for the trailing twelve months is around 2.79%, less than TUSB's 4.29% yield.

Position	TTM	2025
BOBP CORE16 Best of Breed Premier Index ETF	2.79%	3.31%
TUSB Thrivent Ultra Short Bond ETF	4.29%	3.62%

Frequently Asked Questions

Can I hold both BOBP and TUSB in my portfolio?

BOBP and TUSB have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BOBP or TUSB?

BOBP has higher volatility (12.53%) compared to TUSB (0.31%). In terms of maximum drawdown, BOBP dropped -13.06% vs TUSB's -0.51%.

Which ETF is better, BOBP or TUSB?

On 1-year performance, BOBP leads with 26.28% vs 4.43% for TUSB. On fees, TUSB is cheaper at 0.20% per year. On volatility, TUSB has been the lower-risk option at 0.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BOBP or TUSB?

Over the 1-year period, BOBP has performed better with a 26.28% return vs 4.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BOBP or TUSB?

TUSB is cheaper with a 0.20% expense ratio, compared with 0.70% for BOBP.

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

TUSB has the higher dividend yield at 4.29%, compared with 2.79% for BOBP.

What is the main difference between BOBP and TUSB?

BOBP is categorized as Large Cap Blend Equities, while TUSB is Ultrashort Bond. They also come from different issuers: Exchange Traded Concepts and Thrivent. Their fees differ too: 0.70% for BOBP and 0.20% for TUSB.

Which has better risk-adjusted returns?

TUSB currently has the higher Sharpe Ratio (4.69 vs 1.16), 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.