CMBO vs. TUSB

Last updated Jun 6, 2026

CMBO (Wayfinder Dynamic U.S. Interest Rate ETF) and TUSB (Thrivent Ultra Short Bond ETF) are both Ultrashort Bond funds. Both are actively managed. At a 0.14 correlation, their price movements are largely independent. CMBO charges 0.15%/yr vs 0.20%/yr for TUSB.

Performance

CMBO vs. TUSB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wayfinder Dynamic U.S. Interest Rate ETF (CMBO) 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, CMBO achieves a 1.63% return, which is significantly lower than TUSB's 1.77% return.

CMBO

• 1D: 0.04%
• 1M: 0.33%
• YTD: 1.63%
• 6M: 1.95%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TUSB

• 1D: 0.02%
• 1M: 0.33%
• YTD: 1.77%
• 6M: 2.04%
• 1Y: 4.70%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CMBO vs. TUSB - Yearly Performance Comparison

	2026 (YTD)	2025
CMBO Wayfinder Dynamic U.S. Interest Rate ETF	1.63%	0.52%
TUSB Thrivent Ultra Short Bond ETF	1.77%	0.75%

Correlation

The correlation between CMBO and TUSB is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 5, 2025	0.14

Return for Risk

CMBO vs. TUSB — Risk / Return Rank

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

TUSB

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

CMBO vs. TUSB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wayfinder Dynamic U.S. Interest Rate ETF (CMBO) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CMBO	TUSB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	5.14	—
Sharpe Ratio (All Time) Calculated using the full available price history	9.91	3.71	+6.20

Drawdowns

CMBO vs. TUSB - Drawdown Comparison

The maximum CMBO drawdown since its inception was -0.22%, smaller than the maximum TUSB drawdown of -0.51%. Use the drawdown chart below to compare losses from any high point for CMBO and TUSB.

Drawdown Indicators

	CMBO	TUSB	Difference
Max Drawdown Largest peak-to-trough decline	-0.22%	-0.51%	+0.29%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.25%	—
Current Drawdown Current decline from peak	0.00%	-0.14%	+0.14%
Average Drawdown Average peak-to-trough decline	-0.01%	-0.06%	+0.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.06%	—

Volatility

Volatility by Period

	CMBO	TUSB	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.33%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.66%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.38%	0.92%	-0.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.38%	1.24%	-0.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.38%	1.24%	-0.86%

CMBO vs. TUSB - Expense Ratio Comparison

CMBO has a 0.15% 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

CMBO vs. TUSB - Dividend Comparison

CMBO has not paid dividends to shareholders, while TUSB's dividend yield for the trailing twelve months is around 4.26%.

Position	TTM	2025
CMBO Wayfinder Dynamic U.S. Interest Rate ETF	0.00%	0.00%
TUSB Thrivent Ultra Short Bond ETF	4.26%	3.62%

Frequently Asked Questions

Can I hold both CMBO and TUSB in my portfolio?

CMBO and TUSB have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CMBO or TUSB?

On fees, CMBO is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CMBO or TUSB?

CMBO is cheaper with a 0.15% expense ratio, compared with 0.20% for TUSB.

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

TUSB has the higher dividend yield at 4.26%, compared with 0.00% for CMBO.

What is the main difference between CMBO and TUSB?

They also come from different issuers: Wayfinder and Thrivent. Their fees differ too: 0.15% for CMBO and 0.20% for TUSB.