DYNB vs. TMB

Last updated Jun 5, 2026

DYNB (Hartford Dynamic Bond ETF) and TMB (Thornburg Multi Sector Bond ETF) are both Multisector Bonds funds. Both are actively managed. Their correlation of 0.89 suggests significant overlap in exposure. DYNB charges 0.60%/yr vs 0.55%/yr for TMB.

Performance

DYNB vs. TMB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford Dynamic Bond ETF (DYNB) and Thornburg Multi Sector Bond ETF (TMB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DYNB

• 1D: 0.18%
• 1M: 0.17%
• YTD: 0.40%
• 6M: 0.47%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TMB

• 1D: 0.17%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DYNB vs. TMB - Yearly Performance Comparison

	2026 (YTD)
DYNB Hartford Dynamic Bond ETF	0.22%
TMB Thornburg Multi Sector Bond ETF	0.34%

Correlation

The correlation between DYNB and TMB is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 27, 2026	0.89

Return for Risk

DYNB vs. TMB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford Dynamic Bond ETF (DYNB) and Thornburg Multi Sector Bond ETF (TMB). 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

	DYNB	TMB	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	5.77	-5.29

Drawdowns

DYNB vs. TMB - Drawdown Comparison

The maximum DYNB drawdown since its inception was -2.61%, which is greater than TMB's maximum drawdown of -0.24%. Use the drawdown chart below to compare losses from any high point for DYNB and TMB.

Drawdown Indicators

	DYNB	TMB	Difference
Max Drawdown Largest peak-to-trough decline	-2.61%	-0.24%	-2.37%
Current Drawdown Current decline from peak	-0.93%	-0.06%	-0.87%
Average Drawdown Average peak-to-trough decline	-0.63%	-0.06%	-0.57%

Volatility

Volatility by Period

	DYNB	TMB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	2.87%	2.46%	+0.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.87%	2.46%	+0.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.87%	2.46%	+0.41%

DYNB vs. TMB - Expense Ratio Comparison

DYNB has a 0.60% expense ratio, which is higher than TMB's 0.55% expense ratio.

Dividends

DYNB vs. TMB - Dividend Comparison

DYNB's dividend yield for the trailing twelve months is around 2.64%, more than TMB's 0.36% yield.

Position	TTM	2025
DYNB Hartford Dynamic Bond ETF	2.64%	1.03%
TMB Thornburg Multi Sector Bond ETF	0.36%	0.00%

Frequently Asked Questions

Can I hold both DYNB and TMB in my portfolio?

DYNB and TMB have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DYNB or TMB?

On fees, TMB is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DYNB or TMB?

TMB is cheaper with a 0.55% expense ratio, compared with 0.60% for DYNB.

Which ETF pays a higher dividend yield, DYNB or TMB?

DYNB has the higher dividend yield at 2.64%, compared with 0.36% for TMB.

What is the main difference between DYNB and TMB?

They also come from different issuers: Hartford Funds and Thornburg. Their fees differ too: 0.60% for DYNB and 0.55% for TMB.