TCPB vs. EUSB
TCPB (Thrivent Core Plus Bond ETF) and EUSB (iShares ESG Advanced Total USD Bond Market ETF) are both Intermediate Core-Plus Bond funds. TCPB is actively managed, while EUSB is passively managed. Over the past year, TCPB returned 2.62% vs 1.95% for EUSB. Their correlation of 0.91 means they have usually moved in the same direction. TCPB charges 0.39%/yr vs 0.12%/yr for EUSB.
Performance
TCPB vs. EUSB - Performance Comparison
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Returns By Period
In the year-to-date period, TCPB achieves a -0.33% return, which is significantly higher than EUSB's -0.60% return.
TCPB
- 1D
- -0.22%
- 1M
- -1.18%
- 6M
- -0.64%
- YTD
- -0.33%
- 1Y
- 2.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.17%
EUSB
- 1D
- -0.16%
- 1M
- -1.13%
- 6M
- -0.73%
- YTD
- -0.60%
- 1Y
- 1.95%
- 3Y*
- 4.22%
- 5Y*
- -0.11%
- 10Y*
- —
- ALL TIME*
- 0.08%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.71M | $1.61M | $2.23M | |
| $1.03M | $1.25M | $1.56M |
TCPB vs. EUSB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TCPB Thrivent Core Plus Bond ETF | -0.33% | 6.42% |
EUSB iShares ESG Advanced Total USD Bond Market ETF | -0.60% | 6.47% |
Correlation
The correlation between TCPB and EUSB is 0.90, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.90 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2025 | 0.91 |
The correlation between TCPB and EUSB has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.
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Return for Risk
TCPB vs. EUSB — Risk / Return Rank
TCPB
EUSB
TCPB vs. EUSB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thrivent Core Plus Bond ETF (TCPB) and iShares ESG Advanced Total USD Bond Market ETF (EUSB). 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.
| TCPB | EUSB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.14 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 1.12 | +0.13 |
| Martin ratioReturn relative to average drawdown | 3.29 | 2.80 | +0.49 |
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Drawdowns
TCPB vs. EUSB - Drawdown Comparison
The maximum TCPB drawdown since its inception was -2.74%, smaller than the maximum EUSB drawdown of -17.87%. Use the drawdown chart below to compare losses from any high point for TCPB and EUSB.
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Drawdown Indicators
| TCPB | EUSB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.74% | -17.87% | +15.13% |
Max Drawdown (1Y)Largest decline over 1 year | -2.74% | -2.48% | -0.26% |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.91% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.43% | — |
Current DrawdownCurrent decline from peak | -2.08% | -2.08% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.84% | -6.36% | +5.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 0.99% | +0.04% |
Volatility
TCPB vs. EUSB - Volatility Comparison
Thrivent Core Plus Bond ETF (TCPB) and iShares ESG Advanced Total USD Bond Market ETF (EUSB) have volatilities of 0.92% and 0.93%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TCPB | EUSB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 0.93% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.90% | 2.69% | +0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.04% | 3.49% | +0.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.37% | 5.78% | -1.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.37% | 5.37% | -1.00% |
TCPB vs. EUSB - Expense Ratio Comparison
TCPB has a 0.39% expense ratio, which is higher than EUSB's 0.12% expense ratio.
Dividends
TCPB vs. EUSB - Dividend Comparison
TCPB's dividend yield for the trailing twelve months is around 4.85%, more than EUSB's 4.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
EUSB iShares ESG Advanced Total USD Bond Market ETF | 3.68% | 3.84% | 3.67% | 3.08% | 2.21% | 1.10% | 0.57% |
TCPB Thrivent Core Plus Bond ETF | 4.85% | 3.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TCPB and EUSB have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EUSB has higher volatility (0.93%) compared to TCPB (0.92%). In terms of maximum drawdown, TCPB dropped -2.74% vs EUSB's -17.87%.
On 1-year performance, TCPB leads with 2.62% vs 1.95% for EUSB. On fees, EUSB is cheaper at 0.12% 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, TCPB has performed better with a 2.62% return vs 1.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EUSB is cheaper with a 0.12% expense ratio, compared with 0.39% for TCPB.
TCPB has the higher dividend yield at 4.85%, compared with 3.68% for EUSB.
They also come from different issuers: Thrivent and iShares. Their fees differ too: 0.39% for TCPB and 0.12% for EUSB.
TCPB currently has the higher Sharpe Ratio (0.86 vs 0.79), 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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