TRBF vs. EUSB

Last updated Jun 5, 2026

TRBF (Angel Oak Total Return ETF) and EUSB (iShares ESG Advanced Total USD Bond Market ETF) are both Intermediate Core-Plus Bond funds. TRBF is actively managed, while EUSB is passively managed. A 0.80 correlation means they provide meaningful diversification when combined. TRBF charges 0.44%/yr vs 0.12%/yr for EUSB.

Performance

TRBF vs. EUSB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Angel Oak Total Return ETF (TRBF) and iShares ESG Advanced Total USD Bond Market ETF (EUSB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TRBF achieves a 0.52% return, which is significantly higher than EUSB's 0.28% return.

TRBF

• 1D: 0.13%
• 1M: 0.08%
• YTD: 0.52%
• 6M: 0.65%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

EUSB

• 1D: 0.15%
• 1M: 0.22%
• YTD: 0.28%
• 6M: 0.50%
• 1Y: 4.65%
• 3Y*: 4.36%
• 5Y*: 0.37%
• 10Y*: —

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

TRBF vs. EUSB - Yearly Performance Comparison

	2026 (YTD)	2025
TRBF Angel Oak Total Return ETF	0.52%	0.96%
EUSB iShares ESG Advanced Total USD Bond Market ETF	0.28%	1.04%

Correlation

The correlation between TRBF and EUSB is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 8, 2025	0.80

Return for Risk

TRBF vs. EUSB — Risk / Return Rank

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

EUSB

EUSB Risk / Return Rank: 38
EUSB Sharpe Ratio Rank: 38
EUSB Sortino Ratio Rank: 39
EUSB Omega Ratio Rank: 36
EUSB Calmar Ratio Rank: 39
EUSB Martin Ratio Rank: 37

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.

TRBF vs. EUSB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Angel Oak Total Return ETF (TRBF) 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.

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

Sharpe Ratios by Period

	TRBF	EUSB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.33	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.06	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.05	+0.56

Drawdowns

TRBF vs. EUSB - Drawdown Comparison

The maximum TRBF drawdown since its inception was -2.59%, smaller than the maximum EUSB drawdown of -17.87%. Use the drawdown chart below to compare losses from any high point for TRBF and EUSB.

Drawdown Indicators

	TRBF	EUSB	Difference
Max Drawdown Largest peak-to-trough decline	-2.59%	-17.87%	+15.28%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.48%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-5.76%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.45%	—
Current Drawdown Current decline from peak	-1.48%	-1.22%	-0.26%
Average Drawdown Average peak-to-trough decline	-0.80%	-6.50%	+5.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.83%	—

Volatility

Volatility by Period

	TRBF	EUSB	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.16%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.50%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.76%	3.56%	+0.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.76%	5.77%	-2.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.76%	5.41%	-1.65%

TRBF vs. EUSB - Expense Ratio Comparison

TRBF has a 0.44% expense ratio, which is higher than EUSB's 0.12% expense ratio.

Dividends

TRBF vs. EUSB - Dividend Comparison

TRBF's dividend yield for the trailing twelve months is around 3.14%, less than EUSB's 3.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
EUSB iShares ESG Advanced Total USD Bond Market ETF	3.96%	3.84%	3.67%	3.08%	2.21%	1.10%	0.57%
TRBF Angel Oak Total Return ETF	3.14%	1.16%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TRBF and EUSB in my portfolio?

TRBF and EUSB have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TRBF or EUSB?

On fees, EUSB is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TRBF or EUSB?

EUSB is cheaper with a 0.12% expense ratio, compared with 0.44% for TRBF.

Which ETF pays a higher dividend yield, TRBF or EUSB?

EUSB has the higher dividend yield at 3.96%, compared with 3.14% for TRBF.

What is the main difference between TRBF and EUSB?

They also come from different issuers: Angel Oak and iShares. Their fees differ too: 0.44% for TRBF and 0.12% for EUSB.