SMMUvsTCPBETF Comparison
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PIMCO Short Term Municipal Bond Active ETF (SMMU) belongs to the Municipal Bonds segment. Thrivent Core Plus Bond ETF (TCPB) is part of the US Aggregate Bonds segment. SMMU's top 3 sector exposures are Municipal, Sovereign and Government Agencies. In contrast, TCPB's top sector exposures are Sovereign, Finance and Industrials. SMMU is less expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.39% for TCPB. SMMU is up 1.17% year-to-date (YTD) with +$220M in YTD flows. TCPB performs worse with -0.16% YTD performance, and +$155M in YTD flows. Run a side-by-side ETF comparison of SMMU and TCPB below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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SMMU vs TCPB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SMMU TCPB | +0.14%-0.04% | +0.22%-0.76% | +1.17%-0.16% | +2.38%+2.42% | +10.77%n/a | +9.73%n/a |
| Flows | SMMU TCPB | +$33M+$19M | +$86M+$56M | +$220M+$155M | +$247M+$253M | +$640M- | +$656M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SMMU TCPB | +0.76%+3.73% | +0.78%+3.57% | +1.29%n/a | +1.27%n/a |
| Max drawdown | SMMU TCPB | -0.46%-1.67% | -0.81%-2.58% | -1.70%n/a | -4.65%n/a |
| Max drawdown duration | SMMU TCPB | 36d65d | 103d185d | 58dn/a | 814dn/a |
Trading data
SMMU | TCPB | |
Last sale 9/3/2026 at 2:52 PM | $50.13 | $49.84 |
| Previous close 09/02/2026 | $50.09 | $49.67 |
| Consolidated volume 09/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/3/2026 at 2:52 PM
Live
Closed
SMMU | TCPB | |
|---|---|---|
| Last price | $50.13 | $49.84 |
| 1D performance | +0.08% | +0.33% |
| AuM | $1.19 B | $485.42 M |
| E/R | 0.35% | 0.39% |
Characteristics
SMMU | TCPB | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | PIMCO | Thrivent Asset Management |
| Benchmark | - | - |
| N° of holdings | 113 | 394 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 1, 2010 | February 19, 2025 |
| ESG | No | No |
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Exposure
Countries
SMMU
USA
44.47%
Other
55.53%
TCPB
USA
56.91%
Other
43.09%
Sectors
SMMU
Municipal
28.9%
Sovereign
8.39%
Government Agenci.
7.18%
Other
55.53%
TCPB
Sovereign
21.3%
Finance
18.59%
Industrials
7.33%
Other
52.79%
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Diversification
SMMU
Total weight of top 15 holdings out of 15
21.52%
TCPB
Total weight of top 15 holdings out of 15
24.83%
Top 15 holdings
Data as of July 31, 2026
SMMU
FHLB, 0% 21sep2026, USD (364D)
2.72%
USA, Notes 3.375% 29feb2028, USD (AY-2028)
2.21%
USA, Notes 3.5% 28feb2031, USD (V-2031)
1.76%
US20775DL830
1.72%
FHLB, 0% 4sep2026, USD (365D)
1.66%
USA, Bills 0% 15sep2026, USD (119D)
1.47%
New York Municipal Water Finance Authority, FRN 15jun2050, USD
1.32%
Fort Bend Independent School District, FRN 1aug2055, USD (2025B)
1.22%
Tarrant Cultural Education Facilities Finance Corp., FRN 15nov2063, USD (2026A&B)
1.20%
USA, Notes 4.625% 30apr2031, USD (K-2031)
1.16%
US20775DZL99
1.08%
US593344CB87
1.07%
US20775DTS17
1.02%
US57585BRA88
0.95%
US678604AC33
0.93%
TCPB
USA, Bonds 4.5% 15nov2054, USD
3.84%
USA, Bonds 3% 15aug2048, USD
2.11%
USA, Bonds 1.875% 15feb2041, USD
2.08%
USA, Bonds 4.625% 15nov2044, USD
1.99%
USA, Notes 3.875% 31mar2031, USD (W-2031)
1.97%
USA, Notes 4% 31may2030, USD (Z-2030)
1.63%
USA, Notes 4.25% 31mar2033, USD (J-2033)
1.55%
US31427Q3B66
1.42%
USA, Notes 3.75% 31oct2032, USD (R-2032)
1.36%
FR SL3206, 5% 1nov2055, USD (ABS)
1.19%
US3140W06P53
1.19%
US3140W1M753
1.16%
USA, Notes 4.125% 15feb2036, USD (B-2036)
1.15%
USA, Notes 4.25% 15aug2035, USD (E-2035)
1.11%
US3132DUKU06
1.09%
Frequently asked questions about SMMU and TCPB
How have the SMMU and TCPB ETFs performed in 2026?
As of September 1, 2026, SMMU is up 1.17% year-to-date (YTD), while TCPB has lost -0.16%. That puts SMMU better performer ahead so far this year.
Which ETF is attracting more investor money: SMMU or TCPB?
Year-to-date, the SMMU ETF saw +$220M in flows, compared to +$155M for TCPB.
Which ETF is more volatile: SMMU or TCPB?
Over the past year, SMMU had a volatility of 0.78%, while TCPB experienced 3.57%.
Which ETF is bigger: SMMU or TCPB?
As of September 1, 2026, SMMU holds $1.19 B in assets under management (AUM), while TCPB manages $485.42 M.
What sectors do the SMMU and TCPB ETFs invest in?
SMMU leans toward sectors like Municipal, Sovereign and Government Agencies. Meanwhile, TCPB focuses on Sovereign, Finance and Industrials.
What are the top holdings of the SMMU ETF and TCPB ETF?
SMMU top holdings include FHLB, 0% 21sep2026, USD (364D), USA, Notes 3.375% 29feb2028, USD (AY-2028) and USA, Notes 3.5% 28feb2031, USD (V-2031). TCPB holds in its top three: USA, Bonds 4.5% 15nov2054, USD, USA, Bonds 3% 15aug2048, USD and USA, Bonds 1.875% 15feb2041, USD.
Which ETF is more diversified: SMMU or TCPB?
SMMU holds 341 securities with 21.52% of its assets in the top 15. TCPB has 523 securities and a top 15 weight of 24.83%.
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Latest news about SMMU & TCPB
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