TCPBvsUSTBETF Comparison
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Thrivent Core Plus Bond ETF (TCPB) and VictoryShares Short-Term Bond ETF (USTB) belong to the same industry segment: US Aggregate Bonds. TCPB's top 3 sector exposures are Sovereign, Finance and Industrials. In contrast, USTB's top sector exposures are Finance, Sovereign and Industrials. TCPB is more expensive with a Total Expense Ratio (TER) of 0.39%, versus 0.34% for USTB. TCPB is down -1.55% year-to-date (YTD) with +$170M in YTD flows. USTB performs better with 1.76% YTD performance, and +$1.03B in YTD flows. Run a side-by-side ETF comparison of TCPB and USTB 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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TCPB vs USTB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TCPB USTB | -0.32%+0.27% | -2.00%+0.10% | -1.55%+1.76% | -1.54%+2.58% | n/a+18.52% | n/a+19.18% |
| Flows | TCPB USTB | +$15M+$95M | +$37M+$455M | +$170M+$1.03B | +$266M+$1.12B | -+$2.17B | -+$2.47B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TCPB USTB | +4.21%+1.31% | +3.72%+1.19% | n/a+1.45% | n/a+1.60% |
| Max drawdown | TCPB USTB | -3.42%-0.87% | -4.53%-0.87% | n/a-0.87% | n/a-4.88% |
| Max drawdown duration | TCPB USTB | 52d52d | 229d52d | n/a52d | n/a628d |
Trading data
TCPB | USTB | |
Last sale 10/16/2026 at 1:30 PM | $48.84 | $49.98 |
| Previous close 10/15/2026 | $48.88 | $49.96 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
TCPB | USTB | |
|---|---|---|
| Last price | $48.84 | $49.98 |
| 1D performance | -0.09% | +0.04% |
| AuM | $491.65 M | $2.71 B |
| E/R | 0.39% | 0.34% |
Characteristics
TCPB | USTB | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Thrivent Asset Management | VictoryShares |
| Benchmark | - | - |
| N° of holdings | 386 | 524 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 19, 2025 | October 24, 2017 |
| ESG | No | No |
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Exposure
Countries
TCPB
USA
55.07%
Other
44.93%
USTB
USA
54.27%
Other
45.73%
Sectors
TCPB
Sovereign
21.53%
Finance
17.68%
Industrials
7.16%
Other
53.63%
USTB
Finance
27.63%
Sovereign
12.7%
Other
59.67%
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Diversification
TCPB
Total weight of top 15 holdings out of 15
24.69%
USTB
Total weight of top 15 holdings out of 15
15.14%
Top 15 holdings
Data as of August 31, 2026
TCPB
USA, Bonds 4.5% 15nov2054, USD
3.81%
USA, Notes 4.25% 31mar2033, USD (J-2033)
2.24%
USA, Bonds 4.625% 15nov2044, USD
2.21%
USA, Bonds 1.875% 15feb2041, USD
2.13%
USA, Notes 3.875% 31mar2031, USD (W-2031)
1.90%
USA, Bonds 3% 15aug2048, USD
1.90%
USA, Notes 4.125% 15feb2036, USD (B-2036)
1.59%
US31427Q3B66
1.35%
FR SL3206, 5% 1nov2055, USD (ABS)
1.14%
US3140W06P53
1.14%
US3140W1M753
1.12%
USA, Notes 4% 31may2030, USD (Z-2030)
1.10%
US3132DUKU06
1.04%
US3142GVFV89
1.03%
US31427NH931
0.99%
USTB
USA, Notes 4.25% 31jul2028, USD (BE-2028)
3.60%
USA, Notes 4.125% 30jun2028, USD (BD-2028)
2.86%
USA, Notes 4.125% 31aug2030, USD (P-2030)
1.35%
USA, Notes 3.75% 31dec2028, USD (AH-2028)
1.19%
USA, Notes 4% 31jan2031, USD (G-2031)
1.07%
USA, Notes 1.625% 15aug2029, USD (E-2029)
0.87%
USA, Notes 3.875% 30apr2031, USD (Y-2031)
0.76%
KeyCorp, 5% perp., USD (D)
0.54%
USA, Notes 4% 30jun2028, USD (AA-2028)
0.50%
American Express Co, 3.55% perp., USD (D)
0.42%
Dominion Energy, 4.35% perp., USD (C)
0.40%
Enstar Finance, 5.5% 15jan2042, USD
0.40%
US04022DJH17
0.39%
US91282CRK98
0.39%
Open Text Corporation, 6.9% 1dec2027, USD
0.39%
Frequently asked questions about TCPB and USTB
How have the TCPB and USTB ETFs performed in 2026?
As of October 16, 2026, TCPB is down -1.55% year-to-date (YTD), while USTB has returned 1.76%. That puts USTB better performer ahead so far this year.
Which ETF is attracting more investor money: TCPB or USTB?
Year-to-date, the TCPB ETF saw +$170M in flows, compared to +$1.03B for USTB.
Which ETF is more volatile: TCPB or USTB?
Over the past year, TCPB had a volatility of 3.72%, while USTB experienced 1.19%.
Which ETF is bigger: TCPB or USTB?
As of October 16, 2026, TCPB holds $491.65 M in assets under management (AUM), while USTB manages $2.71 B.
What sectors do the TCPB and USTB ETFs invest in?
TCPB leans toward sectors like Sovereign, Finance and Industrials. Meanwhile, USTB focuses on Finance and Sovereign.
What are the top holdings of the TCPB ETF and USTB ETF?
TCPB top holdings include USA, Bonds 4.5% 15nov2054, USD, USA, Notes 4.25% 31mar2033, USD (J-2033) and USA, Bonds 4.625% 15nov2044, USD. USTB holds in its top three: USA, Notes 4.25% 31jul2028, USD (BE-2028), USA, Notes 4.125% 30jun2028, USD (BD-2028) and USA, Notes 4.125% 31aug2030, USD (P-2030).
Which ETF is more diversified: TCPB or USTB?
TCPB holds 543 securities with 24.69% of its assets in the top 15. USTB has 1109 securities and a top 15 weight of 15.14%.
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Latest news about TCPB & USTB
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