TUSB vs. CRQ.NEO
TUSB (Thrivent Ultra Short Bond ETF) and CRQ.NEO (iShares Canadian Fundamental Index ETF) are both exchange-traded funds - TUSB is a Ultrashort Bond fund actively managed by Thrivent, while CRQ.NEO is a Canada Equities fund tracking the FTSE RAFI Canada Index. TUSB is actively managed, while CRQ.NEO is passively managed. Over the past year, TUSB returned 4.62% vs 41.04% for CRQ.NEO. At a 0.06 correlation, their price movements are largely independent. TUSB charges 0.20%/yr vs 0.72%/yr for CRQ.NEO.
Performance
TUSB vs. CRQ.NEO - Performance Comparison
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Different Trading Currencies
TUSB is traded in USD, while CRQ.NEO is traded in CAD. To make them comparable, the CRQ.NEO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, TUSB achieves a 1.78% return, which is significantly lower than CRQ.NEO's 14.50% return.
TUSB
- 1D
- -0.10%
- 1M
- 0.44%
- YTD
- 1.78%
- 6M
- 2.09%
- 1Y
- 4.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CRQ.NEO
- 1D
- -0.72%
- 1M
- 1.52%
- YTD
- 14.50%
- 6M
- 19.37%
- 1Y
- 41.04%
- 3Y*
- 24.58%
- 5Y*
- 14.34%
- 10Y*
- 12.63%
TUSB vs. CRQ.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TUSB Thrivent Ultra Short Bond ETF | 1.78% | 4.14% |
CRQ.NEO iShares Canadian Fundamental Index ETF | 14.50% | 33.23% |
Correlation
The correlation between TUSB and CRQ.NEO is 0.03, 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 (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025 | 0.06 |
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Return for Risk
TUSB vs. CRQ.NEO — Risk / Return Rank
TUSB
CRQ.NEO
TUSB vs. CRQ.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thrivent Ultra Short Bond ETF (TUSB) and iShares Canadian Fundamental Index ETF (CRQ.NEO). 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.
| TUSB | CRQ.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.46 | ||
| Sortino ratioReturn per unit of downside risk | +4.00 | ||
| Omega ratioGain probability vs. loss probability | 2.24 | 1.69 | +0.55 |
| Calmar ratioReturn relative to maximum drawdown | 18.74 | 5.78 | +12.96 |
| Martin ratioReturn relative to average drawdown | 79.65 | 24.43 | +55.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TUSB | CRQ.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.03 | 3.57 | +1.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.90 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.64 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.73 | 0.48 | +3.25 |
Drawdowns
TUSB vs. CRQ.NEO - Drawdown Comparison
The maximum TUSB drawdown since its inception was -0.51%, smaller than the maximum CRQ.NEO drawdown of -47.39%. Use the drawdown chart below to compare losses from any high point for TUSB and CRQ.NEO.
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Drawdown Indicators
| TUSB | CRQ.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.51% | -47.39% | +46.88% |
Max Drawdown (1Y)Largest decline over 1 year | -0.25% | -7.13% | +6.88% |
Max Drawdown (3Y)Largest decline over 3 years | — | -12.70% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.53% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.39% | — |
Current DrawdownCurrent decline from peak | -0.13% | -0.86% | +0.73% |
Average DrawdownAverage peak-to-trough decline | -0.06% | -9.86% | +9.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.06% | 1.68% | -1.62% |
Volatility
TUSB vs. CRQ.NEO - Volatility Comparison
The current volatility for Thrivent Ultra Short Bond ETF (TUSB) is 0.33%, while iShares Canadian Fundamental Index ETF (CRQ.NEO) has a volatility of 3.14%. This indicates that TUSB experiences smaller price fluctuations and is considered to be less risky than CRQ.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TUSB | CRQ.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.33% | 3.14% | -2.81% |
Volatility (6M)Calculated over the trailing 6-month period | 0.66% | 9.27% | -8.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.92% | 11.56% | -10.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.25% | 16.09% | -14.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.25% | 19.79% | -18.54% |
TUSB vs. CRQ.NEO - Expense Ratio Comparison
TUSB has a 0.20% expense ratio, which is lower than CRQ.NEO's 0.72% expense ratio.
Dividends
TUSB vs. CRQ.NEO - Dividend Comparison
TUSB's dividend yield for the trailing twelve months is around 4.26%, more than CRQ.NEO's 1.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRQ.NEO iShares Canadian Fundamental Index ETF | 1.90% | 2.18% | 2.72% | 2.97% | 2.90% | 2.17% | 2.98% | 2.71% | 2.46% | 1.91% | 1.89% | 3.09% |
TUSB Thrivent Ultra Short Bond ETF | 4.26% | 3.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TUSB and CRQ.NEO have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TUSB is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TUSB is cheaper with a 0.20% expense ratio, compared with 0.72% for CRQ.NEO.
TUSB is categorized as Ultrashort Bond, while CRQ.NEO is Canada Equities. They also come from different issuers: Thrivent and iShares. Their fees differ too: 0.20% for TUSB and 0.72% for CRQ.NEO.
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