TUSB vs. IBIC
TUSB (Thrivent Ultra Short Bond ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - TUSB is a Ultrashort Bond fund actively managed by Thrivent, while IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index. TUSB is actively managed, while IBIC is passively managed. Over the past year, TUSB returned 4.55% vs 4.14% for IBIC. Their -0.03 correlation means they have often moved in opposite directions in the past. TUSB charges 0.20%/yr vs 0.10%/yr for IBIC.
Performance
TUSB vs. IBIC - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with TUSB having a 2.58% return and IBIC slightly higher at 2.69%.
TUSB
- 1D
- 0.06%
- 1M
- 0.47%
- 6M
- 2.07%
- YTD
- 2.58%
- 1Y
- 4.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.76%
IBIC
- 1D
- -0.06%
- 1M
- 0.23%
- 6M
- 2.39%
- YTD
- 2.69%
- 1Y
- 4.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.27%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.04M | $835.24K | $534.47K | |
| $669.76K | $810.48K | $941.31K |
TUSB vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TUSB Thrivent Ultra Short Bond ETF | 2.58% | 4.25% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.69% | 3.82% |
Correlation
The correlation between TUSB and IBIC is -0.10, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.10 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2025 | -0.03 |
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Return for Risk
TUSB vs. IBIC — Risk / Return Rank
TUSB
IBIC
TUSB vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thrivent Ultra Short Bond ETF (TUSB) and iShares iBonds Oct 2026 Term TIPS ETF (IBIC). 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 | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 2.15 | 2.16 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 18.79 | 15.99 | +2.80 |
| Martin ratioReturn relative to average drawdown | 74.19 | 54.88 | +19.31 |
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Drawdowns
TUSB vs. IBIC - Drawdown Comparison
The maximum TUSB drawdown since its inception was -0.51%, smaller than the maximum IBIC drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for TUSB and IBIC.
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Drawdown Indicators
| TUSB | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.51% | -0.90% | +0.39% |
Max Drawdown (1Y)Largest decline over 1 year | -0.25% | -0.27% | +0.02% |
Current DrawdownCurrent decline from peak | 0.00% | -0.06% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -0.06% | -0.10% | +0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.06% | 0.08% | -0.02% |
Volatility
TUSB vs. IBIC - Volatility Comparison
Thrivent Ultra Short Bond ETF (TUSB) has a higher volatility of 0.26% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.23%. This indicates that TUSB's price experiences larger fluctuations and is considered to be riskier than IBIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TUSB | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.26% | 0.23% | +0.03% |
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% | 0.89% | +0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.23% | 1.54% | -0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.23% | 1.54% | -0.31% |
TUSB vs. IBIC - Expense Ratio Comparison
TUSB has a 0.20% expense ratio, which is higher than IBIC's 0.10% 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. IBIC - Dividend Comparison
TUSB's dividend yield for the trailing twelve months is around 4.26%, less than IBIC's 4.62% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 4.62% | 4.43% | 4.65% | 0.83% |
TUSB Thrivent Ultra Short Bond ETF | 4.26% | 3.62% | 0.00% | 0.00% |
Frequently Asked Questions
TUSB and IBIC have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TUSB has higher volatility (0.26%) compared to IBIC (0.23%). In terms of maximum drawdown, TUSB dropped -0.51% vs IBIC's -0.90%.
On 1-year performance, TUSB leads with 4.55% vs 4.14% for IBIC. On fees, IBIC is cheaper at 0.10% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TUSB has performed better with a 4.55% return vs 4.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIC is cheaper with a 0.10% expense ratio, compared with 0.20% for TUSB.
IBIC has the higher dividend yield at 4.62%, compared with 4.26% for TUSB.
TUSB is categorized as Ultrashort Bond, while IBIC is Inflation-Protected Bonds. They also come from different issuers: Thrivent and iShares. Their fees differ too: 0.20% for TUSB and 0.10% for IBIC.
TUSB currently has the higher Sharpe Ratio (4.80 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.
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