TUSB vs. AGRH
TUSB (Thrivent Ultra Short Bond ETF) and AGRH (iShares Interest Rate Hedged U.S. Aggregate Bond ETF) are both Ultrashort Bond funds. TUSB is actively managed, while AGRH is passively managed. Over the past year, TUSB returned 4.55% vs 5.34% for AGRH. Their 0.14 correlation means their historical movements had little consistent relationship. TUSB charges 0.20%/yr vs 0.13%/yr for AGRH.
Performance
TUSB vs. AGRH - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TUSB achieves a 2.58% return, which is significantly higher than AGRH's 2.08% return.
TUSB
- 1D
- 0.06%
- 1M
- 0.47%
- 6M
- 2.07%
- YTD
- 2.58%
- 1Y
- 4.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.76%
AGRH
- 1D
- 0.06%
- 1M
- 0.11%
- 6M
- 1.58%
- YTD
- 2.08%
- 1Y
- 5.34%
- 3Y*
- 5.55%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.41%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $25.59K | $34.66K | $39.67K | |
| $669.76K | $810.48K | $941.31K |
TUSB vs. AGRH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TUSB Thrivent Ultra Short Bond ETF | 2.58% | 4.25% |
AGRH iShares Interest Rate Hedged U.S. Aggregate Bond ETF | 2.08% | 4.87% |
Correlation
The correlation between TUSB and AGRH is 0.21, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.21 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2025 | 0.14 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TUSB vs. AGRH — Risk / Return Rank
TUSB
AGRH
TUSB vs. AGRH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thrivent Ultra Short Bond ETF (TUSB) and iShares Interest Rate Hedged U.S. Aggregate Bond ETF (AGRH). 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.
| TUSB | AGRH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.94 | ||
| Sortino ratioReturn per unit of downside risk | +1.71 | ||
| Omega ratioGain probability vs. loss probability | 2.15 | 1.97 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 18.79 | 8.07 | +10.72 |
| Martin ratioReturn relative to average drawdown | 74.19 | 36.62 | +37.57 |
Loading charts...
Drawdowns
TUSB vs. AGRH - Drawdown Comparison
The maximum TUSB drawdown since its inception was -0.51%, smaller than the maximum AGRH drawdown of -1.73%. Use the drawdown chart below to compare losses from any high point for TUSB and AGRH.
Loading charts...
Drawdown Indicators
| TUSB | AGRH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.51% | -1.73% | +1.22% |
Max Drawdown (1Y)Largest decline over 1 year | -0.25% | -0.67% | +0.42% |
Max Drawdown (3Y)Largest decline over 3 years | — | -1.73% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.15% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -0.06% | -0.15% | +0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.06% | 0.15% | -0.09% |
Volatility
TUSB vs. AGRH - Volatility Comparison
The current volatility for Thrivent Ultra Short Bond ETF (TUSB) is 0.26%, while iShares Interest Rate Hedged U.S. Aggregate Bond ETF (AGRH) has a volatility of 0.42%. This indicates that TUSB experiences smaller price fluctuations and is considered to be less risky than AGRH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TUSB | AGRH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.26% | 0.42% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 0.72% | 0.97% | -0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.97% | 1.40% | -0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.23% | 1.76% | -0.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.23% | 1.76% | -0.53% |
TUSB vs. AGRH - Expense Ratio Comparison
TUSB has a 0.20% expense ratio, which is higher than AGRH's 0.13% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
TUSB vs. AGRH - Dividend Comparison
TUSB's dividend yield for the trailing twelve months is around 4.26%, more than AGRH's 4.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
AGRH iShares Interest Rate Hedged U.S. Aggregate Bond ETF | 4.11% | 4.63% | 5.17% | 4.69% | 1.24% |
TUSB Thrivent Ultra Short Bond ETF | 4.26% | 3.62% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TUSB and AGRH have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AGRH has higher volatility (0.42%) compared to TUSB (0.26%). In terms of maximum drawdown, TUSB dropped -0.51% vs AGRH's -1.73%.
On 1-year performance, AGRH leads with 5.34% vs 4.55% for TUSB. On fees, AGRH is cheaper at 0.13% per year. On volatility, TUSB has been the lower-risk option at 0.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, AGRH has performed better with a 5.34% return vs 4.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AGRH is cheaper with a 0.13% expense ratio, compared with 0.20% for TUSB.
TUSB has the higher dividend yield at 4.26%, compared with 4.11% for AGRH.
They also come from different issuers: Thrivent and iShares. Their fees differ too: 0.20% for TUSB and 0.13% for AGRH.
TUSB currently has the higher Sharpe Ratio (4.80 vs 3.86), 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.
Find the right allocation for TUSB and AGRH
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer