TMB vs. CCRV

Last updated Jun 5, 2026

TMB (Thornburg Multi Sector Bond ETF) and CCRV (iShares Commodity Curve Carry Strategy ETF) are both exchange-traded funds - TMB is a Multisector Bonds fund actively managed by Thornburg, while CCRV is a Commodities fund tracking the CCRV-US - ICE BofA Commodity Enhanced Carry Index. TMB is actively managed, while CCRV is passively managed. TMB charges 0.55%/yr vs 0.40%/yr for CCRV.

Performance

TMB vs. CCRV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Thornburg Multi Sector Bond ETF (TMB) and iShares Commodity Curve Carry Strategy ETF (CCRV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TMB

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

CCRV

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

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

TMB vs. CCRV - Yearly Performance Comparison

	2026 (YTD)
TMB Thornburg Multi Sector Bond ETF	0.34%
CCRV iShares Commodity Curve Carry Strategy ETF	0.00%

Return for Risk

TMB vs. CCRV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Thornburg Multi Sector Bond ETF (TMB) and iShares Commodity Curve Carry Strategy ETF (CCRV). 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

	TMB	CCRV	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	5.77	—	—

Drawdowns

Drawdown Indicators

	TMB	CCRV	Difference
Max Drawdown Largest peak-to-trough decline	-0.24%	—	—
Current Drawdown Current decline from peak	-0.06%	—	—
Average Drawdown Average peak-to-trough decline	-0.06%	—	—

Volatility

Volatility by Period

	TMB	CCRV	Difference
Volatility (1Y) Calculated over the trailing 1-year period	2.46%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.46%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.46%	—	—

TMB vs. CCRV - Expense Ratio Comparison

TMB has a 0.55% expense ratio, which is higher than CCRV's 0.40% expense ratio.

Dividends

TMB vs. CCRV - Dividend Comparison

TMB's dividend yield for the trailing twelve months is around 0.36%, while CCRV has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
CCRV iShares Commodity Curve Carry Strategy ETF	0.00%	0.00%	4.43%	7.26%	33.27%	26.22%
TMB Thornburg Multi Sector Bond ETF	0.36%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, TMB or CCRV?

On fees, CCRV is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TMB or CCRV?

CCRV is cheaper with a 0.40% expense ratio, compared with 0.55% for TMB.

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

TMB has the higher dividend yield at 0.36%, compared with 0.00% for CCRV.

What is the main difference between TMB and CCRV?

TMB is categorized as Multisector Bonds, while CCRV is Commodities. They also come from different issuers: Thornburg and iShares. Their fees differ too: 0.55% for TMB and 0.40% for CCRV.