TUSB vs. FUSI

Last updated Aug 2, 2026

TUSB (Thrivent Ultra Short Bond ETF) and FUSI (American Century Multisector Floating Income ETF) are both Ultrashort Bond funds. Both are actively managed. Over the past year, TUSB returned 4.55% vs 5.22% for FUSI. Their 0.14 correlation means their historical movements had little consistent relationship. TUSB charges 0.20%/yr vs 0.28%/yr for FUSI.

Performance

TUSB vs. FUSI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Thrivent Ultra Short Bond ETF (TUSB) and American Century Multisector Floating Income ETF (FUSI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TUSB achieves a 2.58% return, which is significantly lower than FUSI's 3.26% return.

TUSB

• 1D: 0.06%
• 1M: 0.47%
• 6M: 2.07%
• YTD: 2.58%
• 1Y: 4.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.76%

FUSI

• 1D: 0.12%
• 1M: 0.38%
• 6M: 2.78%
• YTD: 3.26%
• 1Y: 5.22%
• 3Y*: 5.77%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.98%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FUSI American Century Multisector Floating Income ETF	$112.10K	$254.27K	$184.12K
TUSB Thrivent Ultra Short Bond ETF	$669.76K	$810.48K	$941.31K

TUSB vs. FUSI - Yearly Performance Comparison

	2026 (YTD)	2025
TUSB Thrivent Ultra Short Bond ETF	2.58%	4.25%
FUSI American Century Multisector Floating Income ETF	3.26%	4.16%

Correlation

The correlation between TUSB and FUSI is 0.11, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.11
Correlation (All Time) Calculated using the full available price history since Feb 19, 2025	0.14

Return for Risk

TUSB vs. FUSI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TUSB

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

FUSI

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TUSB vs. FUSI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Thrivent Ultra Short Bond ETF (TUSB) and American Century Multisector Floating Income ETF (FUSI). 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	FUSI	Difference
Sharpe ratio: Return per unit of total volatility	4.80	5.54	-0.74
Sortino ratio: Return per unit of downside risk	8.41	8.69	-0.28
Omega ratio: Gain probability vs. loss probability	2.15	2.69	-0.53
Calmar ratio: Return relative to maximum drawdown	18.79	12.09	+6.70
Martin ratio: Return relative to average drawdown	74.19	87.90	-13.71

TUSB vs. FUSI - Sharpe Ratio Comparison

The current TUSB Sharpe Ratio is 4.80, which is comparable to the FUSI Sharpe Ratio of 5.54. The chart below compares the historical Sharpe Ratios of TUSB and FUSI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TUSB vs. FUSI - Drawdown Comparison

The maximum TUSB drawdown since its inception was -0.51%, smaller than the maximum FUSI drawdown of -0.70%. Use the drawdown chart below to compare losses from any high point for TUSB and FUSI.

Drawdown Indicators

	TUSB	FUSI	Difference
Max Drawdown Largest peak-to-trough decline	-0.51%	-0.70%	+0.19%
Max Drawdown (1Y) Largest decline over 1 year	-0.25%	-0.45%	+0.20%
Max Drawdown (3Y) Largest decline over 3 years	—	-0.70%	—
Current Drawdown Current decline from peak	0.00%	-0.01%	+0.01%
Average Drawdown Average peak-to-trough decline	-0.06%	-0.04%	-0.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.06%	0.06%	0.00%

Volatility

TUSB vs. FUSI - Volatility Comparison

Thrivent Ultra Short Bond ETF (TUSB) and American Century Multisector Floating Income ETF (FUSI) have volatilities of 0.26% and 0.25%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TUSB	FUSI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.26%	0.25%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	0.72%	0.69%	+0.03%
Volatility (1Y) Calculated over the trailing 1-year period	0.97%	0.97%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.23%	1.09%	+0.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.23%	1.09%	+0.14%

TUSB vs. FUSI - Expense Ratio Comparison

TUSB has a 0.20% expense ratio, which is lower than FUSI's 0.28% expense ratio.

Dividends

TUSB vs. FUSI - Dividend Comparison

TUSB's dividend yield for the trailing twelve months is around 4.26%, less than FUSI's 5.21% yield.

Position	TTM	2025	2024	2023
FUSI American Century Multisector Floating Income ETF	4.73%	5.28%	5.98%	4.97%
TUSB Thrivent Ultra Short Bond ETF	4.26%	3.62%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TUSB and FUSI in my portfolio?

TUSB and FUSI have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TUSB or FUSI?

TUSB has higher volatility (0.26%) compared to FUSI (0.25%). In terms of maximum drawdown, TUSB dropped -0.51% vs FUSI's -0.70%.

Which ETF is better, TUSB or FUSI?

On 1-year performance, FUSI leads with 5.22% vs 4.55% for TUSB. On fees, TUSB is cheaper at 0.20% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TUSB or FUSI?

Over the 1-year period, FUSI has performed better with a 5.22% return vs 4.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TUSB or FUSI?

TUSB is cheaper with a 0.20% expense ratio, compared with 0.28% for FUSI.

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

FUSI has the higher dividend yield at 4.73%, compared with 4.26% for TUSB.

What is the main difference between TUSB and FUSI?

They also come from different issuers: Thrivent and American Century. Their fees differ too: 0.20% for TUSB and 0.28% for FUSI.

Which has better risk-adjusted returns?

FUSI currently has the higher Sharpe Ratio (5.54 vs 4.80), 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.