BUXX vs. TUSB

Last updated Aug 2, 2026

BUXX (Strive Enhanced Income Short Maturity ETF) and TUSB (Thrivent Ultra Short Bond ETF) are both Ultrashort Bond funds. Both are actively managed. Over the past year, BUXX returned 4.01% vs 4.55% for TUSB. Their 0.09 correlation means their historical movements had little consistent relationship. BUXX charges 0.26%/yr vs 0.20%/yr for TUSB.

Performance

BUXX vs. TUSB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strive Enhanced Income Short Maturity ETF (BUXX) 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, BUXX achieves a 2.27% return, which is significantly lower than TUSB's 2.58% return.

BUXX

• 1D: 0.05%
• 1M: 0.22%
• 6M: 1.87%
• YTD: 2.27%
• 1Y: 4.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.45%

TUSB

• 1D: 0.06%
• 1M: 0.47%
• 6M: 2.07%
• YTD: 2.58%
• 1Y: 4.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.76%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BUXX Strive Enhanced Income Short Maturity ETF	$3.29M	$4.80M	$5.31M
TUSB Thrivent Ultra Short Bond ETF	$669.76K	$810.48K	$941.31K

BUXX vs. TUSB - Yearly Performance Comparison

	2026 (YTD)	2025
BUXX Strive Enhanced Income Short Maturity ETF	2.27%	4.21%
TUSB Thrivent Ultra Short Bond ETF	2.58%	4.25%

Correlation

The correlation between BUXX and TUSB is -0.00, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.00
Correlation (All Time) Calculated using the full available price history since Feb 19, 2025	0.09

Return for Risk

BUXX vs. TUSB — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BUXX

BUXX Risk / Return Rank: 98
BUXX Sharpe Ratio Rank: 97
BUXX Sortino Ratio Rank: 97
BUXX Omega Ratio Rank: 97
BUXX Calmar Ratio Rank: 99
BUXX Martin Ratio Rank: 98

TUSB

TUSB Risk / Return Rank: 99
TUSB Sharpe Ratio Rank: 98
TUSB Sortino Ratio Rank: 99
TUSB Omega Ratio Rank: 98
TUSB Calmar Ratio Rank: 99
TUSB Martin Ratio Rank: 99

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BUXX vs. TUSB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strive Enhanced Income Short Maturity ETF (BUXX) 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.

	BUXX	TUSB	Difference
Sharpe ratio: Return per unit of total volatility	3.28	4.80	-1.52
Sortino ratio: Return per unit of downside risk	5.25	8.41	-3.16
Omega ratio: Gain probability vs. loss probability	1.77	2.15	-0.38
Calmar ratio: Return relative to maximum drawdown	14.27	18.79	-4.52
Martin ratio: Return relative to average drawdown	52.21	74.19	-21.98

BUXX vs. TUSB - Sharpe Ratio Comparison

The current BUXX Sharpe Ratio is 3.28, which is lower than the TUSB Sharpe Ratio of 4.80. The chart below compares the historical Sharpe Ratios of BUXX 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

BUXX vs. TUSB - Drawdown Comparison

The maximum BUXX drawdown since its inception was -0.60%, which is greater than TUSB's maximum drawdown of -0.51%. Use the drawdown chart below to compare losses from any high point for BUXX and TUSB.

Drawdown Indicators

	BUXX	TUSB	Difference
Max Drawdown Largest peak-to-trough decline	-0.60%	-0.51%	-0.09%
Max Drawdown (1Y) Largest decline over 1 year	-0.29%	-0.25%	-0.04%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.05%	-0.06%	+0.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.08%	0.06%	+0.02%

Volatility

BUXX vs. TUSB - Volatility Comparison

Strive Enhanced Income Short Maturity ETF (BUXX) has a higher volatility of 0.37% compared to Thrivent Ultra Short Bond ETF (TUSB) at 0.26%. This indicates that BUXX'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

	BUXX	TUSB	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.37%	0.26%	+0.11%
Volatility (6M) Calculated over the trailing 6-month period	0.86%	0.72%	+0.14%
Volatility (1Y) Calculated over the trailing 1-year period	1.29%	0.97%	+0.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.46%	1.23%	+0.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.46%	1.23%	+0.23%

BUXX vs. TUSB - Expense Ratio Comparison

BUXX has a 0.26% expense ratio, which is higher than TUSB's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

BUXX vs. TUSB - Dividend Comparison

BUXX's dividend yield for the trailing twelve months is around 4.68%, more than TUSB's 4.26% yield.

Position	TTM	2025	2024	2023
BUXX Strive Enhanced Income Short Maturity ETF	4.68%	4.95%	5.55%	1.92%
TUSB Thrivent Ultra Short Bond ETF	4.26%	3.62%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BUXX and TUSB in my portfolio?

BUXX and TUSB have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BUXX or TUSB?

BUXX has higher volatility (0.37%) compared to TUSB (0.26%). In terms of maximum drawdown, BUXX dropped -0.60% vs TUSB's -0.51%.

Which ETF is better, BUXX or TUSB?

On 1-year performance, TUSB leads with 4.55% vs 4.01% for BUXX. On fees, TUSB is cheaper at 0.20% per year. On volatility, TUSB has been the lower-risk option at 0.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BUXX or TUSB?

Over the 1-year period, TUSB has performed better with a 4.55% return vs 4.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BUXX or TUSB?

TUSB is cheaper with a 0.20% expense ratio, compared with 0.26% for BUXX.

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

BUXX has the higher dividend yield at 4.68%, compared with 4.26% for TUSB.

What is the main difference between BUXX and TUSB?

They also come from different issuers: Strive and Thrivent. Their fees differ too: 0.26% for BUXX and 0.20% for TUSB.

Which has better risk-adjusted returns?

TUSB currently has the higher Sharpe Ratio (4.80 vs 3.28), 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.