CVSB vs. TUSB
CVSB (Calvert Ultra-Short Investment Grade ETF) and TUSB (Thrivent Ultra Short Bond ETF) are both Ultrashort Bond funds. Both are actively managed. Over the past year, CVSB returned 4.25% vs 4.55% for TUSB. Their 0.14 correlation means their historical movements had little consistent relationship. CVSB charges 0.24%/yr vs 0.20%/yr for TUSB.
Performance
CVSB vs. TUSB - Performance Comparison
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Returns By Period
In the year-to-date period, CVSB achieves a 2.14% return, which is significantly lower than TUSB's 2.58% return.
CVSB
- 1D
- 0.01%
- 1M
- 0.36%
- 6M
- 1.74%
- YTD
- 2.14%
- 1Y
- 4.25%
- 3Y*
- 5.41%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.37%
TUSB
- 1D
- 0.06%
- 1M
- 0.47%
- 6M
- 2.07%
- YTD
- 2.58%
- 1Y
- 4.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.76%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.01M | $2.16M | $1.65M | |
| $669.76K | $810.48K | $941.31K |
CVSB vs. TUSB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CVSB Calvert Ultra-Short Investment Grade ETF | 2.14% | 4.44% |
TUSB Thrivent Ultra Short Bond ETF | 2.58% | 4.25% |
Correlation
The correlation between CVSB and TUSB is 0.12, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.12 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2025 | 0.14 |
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Return for Risk
CVSB vs. TUSB — Risk / Return Rank
CVSB
TUSB
CVSB vs. TUSB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calvert Ultra-Short Investment Grade ETF (CVSB) 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.
| CVSB | TUSB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +1.03 | ||
| Omega ratioGain probability vs. loss probability | 2.49 | 2.15 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 19.43 | 18.79 | +0.64 |
| Martin ratioReturn relative to average drawdown | 81.65 | 74.19 | +7.46 |
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Drawdowns
CVSB vs. TUSB - Drawdown Comparison
The maximum CVSB drawdown since its inception was -0.63%, which is greater than TUSB's maximum drawdown of -0.51%. Use the drawdown chart below to compare losses from any high point for CVSB and TUSB.
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Drawdown Indicators
| CVSB | TUSB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.63% | -0.51% | -0.12% |
Max Drawdown (1Y)Largest decline over 1 year | -0.23% | -0.25% | +0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -0.63% | — | — |
Current DrawdownCurrent decline from peak | -0.01% | 0.00% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -0.05% | -0.06% | +0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 0.06% | -0.01% |
Volatility
CVSB vs. TUSB - Volatility Comparison
The current volatility for Calvert Ultra-Short Investment Grade ETF (CVSB) is 0.20%, while Thrivent Ultra Short Bond ETF (TUSB) has a volatility of 0.26%. This indicates that CVSB experiences smaller price fluctuations and is considered to be less risky than TUSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CVSB | TUSB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.20% | 0.26% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 0.57% | 0.72% | -0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.83% | 0.97% | -0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.30% | 1.23% | +0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.30% | 1.23% | +0.07% |
CVSB vs. TUSB - Expense Ratio Comparison
CVSB has a 0.24% 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
CVSB vs. TUSB - Dividend Comparison
CVSB's dividend yield for the trailing twelve months is around 4.28%, which matches TUSB's 4.26% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CVSB Calvert Ultra-Short Investment Grade ETF | 4.28% | 4.72% | 5.13% | 4.95% |
TUSB Thrivent Ultra Short Bond ETF | 4.26% | 3.62% | 0.00% | 0.00% |
Frequently Asked Questions
CVSB and TUSB have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TUSB has higher volatility (0.26%) compared to CVSB (0.20%). In terms of maximum drawdown, CVSB dropped -0.63% vs TUSB's -0.51%.
On 1-year performance, TUSB leads with 4.55% vs 4.25% for CVSB. On fees, TUSB is cheaper at 0.20% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TUSB has performed better with a 4.55% return vs 4.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TUSB is cheaper with a 0.20% expense ratio, compared with 0.24% for CVSB.
CVSB has the higher dividend yield at 4.28%, compared with 4.26% for TUSB.
They also come from different issuers: Calvert and Thrivent. Their fees differ too: 0.24% for CVSB and 0.20% for TUSB.
CVSB currently has the higher Sharpe Ratio (5.32 vs 4.80), 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.
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