TLDR vs. TUSB

Last updated Jul 12, 2026

TLDR (The Laddered T-Bill ETF) and TUSB (Thrivent Ultra Short Bond ETF) are both Ultrashort Bond funds. Both are actively managed. At a 0.02 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.

Performance

TLDR vs. TUSB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Laddered T-Bill ETF (TLDR) and Thrivent Ultra Short Bond ETF (TUSB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TLDR

• 1D: 0.06%
• 1M: 0.33%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TUSB

• 1D: -0.01%
• 1M: 0.18%
• 6M: 1.91%
• YTD: 2.13%
• 1Y: 4.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TLDR vs. TUSB - Yearly Performance Comparison

	2026 (YTD)
TLDR The Laddered T-Bill ETF	1.65%
TUSB Thrivent Ultra Short Bond ETF	1.89%

Correlation

The correlation between TLDR and TUSB is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 21, 2026	0.02

Return for Risk

TLDR vs. TUSB — Risk / Return Rank

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

TLDR

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

TUSB

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

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.

TLDR vs. TUSB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Laddered T-Bill ETF (TLDR) 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.

	TLDR	TUSB	Difference
Sharpe ratio: Return per unit of total volatility	—	4.73	—
Sortino ratio: Return per unit of downside risk	—	8.29	—
Omega ratio: Gain probability vs. loss probability	—	2.13	—
Calmar ratio: Return relative to maximum drawdown	—	18.13	—
Martin ratio: Return relative to average drawdown	—	72.75	—

Drawdowns

TLDR vs. TUSB - Drawdown Comparison

The maximum TLDR drawdown since its inception was -0.05%, smaller than the maximum TUSB drawdown of -0.51%. Use the drawdown chart below to compare losses from any high point for TLDR and TUSB.

Drawdown Indicators

	TLDR	TUSB	Difference
Max Drawdown Largest peak-to-trough decline	-0.05%	-0.51%	+0.46%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.25%	—
Current Drawdown Current decline from peak	0.00%	-0.01%	+0.01%
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

	TLDR	TUSB	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.32%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.70%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.40%	0.95%	-0.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.40%	1.24%	-0.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.40%	1.24%	-0.84%

TLDR vs. TUSB - Expense Ratio Comparison

Both TLDR and TUSB have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

TLDR vs. TUSB - Dividend Comparison

TLDR's dividend yield for the trailing twelve months is around 1.56%, less than TUSB's 4.29% yield.

Position	TTM	2025
TLDR The Laddered T-Bill ETF	1.56%	0.00%
TUSB Thrivent Ultra Short Bond ETF	4.29%	3.62%

Frequently Asked Questions

Can I hold both TLDR and TUSB in my portfolio?

TLDR and TUSB have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TLDR or TUSB?

Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TLDR or TUSB?

TLDR and TUSB have the same expense ratio: 0.20% per year.

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

TUSB has the higher dividend yield at 4.29%, compared with 1.56% for TLDR.

What is the main difference between TLDR and TUSB?

They also come from different issuers: REX Shares and Thrivent.