USTBvsTCPBETF Comparison
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VictoryShares Short-Term Bond ETF (USTB) and Thrivent Core Plus Bond ETF (TCPB) belong to the same industry segment: US Aggregate Bonds. USTB's top 3 sector exposures are Finance, Sovereign and Industrials. In contrast, TCPB's top sector exposures are Sovereign, Finance and Industrials. USTB is less expensive with a Total Expense Ratio (TER) of 0.34%, versus 0.39% for TCPB. USTB is up 1.95% year-to-date (YTD) with +$857M in YTD flows. TCPB performs worse with 0.03% YTD performance, and +$155M in YTD flows. Run a side-by-side ETF comparison of USTB 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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USTB vs TCPB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/31/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | USTB TCPB | +0.32%+0.39% | +0.72%-0.53% | +1.95%+0.03% | +3.64%+2.61% | +18.63%n/a | +19.09%n/a |
| Flows | USTB TCPB | +$247M+$19M | +$411M+$68M | +$857M+$155M | +$1.20B+$253M | +$2.01B- | +$2.30B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | USTB TCPB | +1.24%+3.72% | +1.11%+3.57% | +1.44%n/a | +1.58%n/a |
| Max drawdown | USTB TCPB | -0.23%-1.67% | -0.78%-2.58% | -0.79%n/a | -5.07%n/a |
| Max drawdown duration | USTB TCPB | 13d63d | 46d183d | 22dn/a | 688dn/a |
Trading data
USTB | TCPB | |
Last sale 9/1/2026 at 1:30 PM | $50.42 | $49.66 |
| Previous close 08/31/2026 | $50.45 | $49.85 |
| Consolidated volume 08/31/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/1/2026 at 1:30 PM
Live
Closed
USTB | TCPB | |
|---|---|---|
| Last price | $50.42 | $49.66 |
| 1D performance | -0.06% | -0.38% |
| AuM | $2.57 B | $486.34 M |
| E/R | 0.34% | 0.39% |
Characteristics
USTB | TCPB | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | VictoryShares | Thrivent Asset Management |
| Benchmark | - | - |
| N° of holdings | 533 | 394 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 24, 2017 | February 19, 2025 |
| ESG | No | No |
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Exposure
Countries
USTB
USA
55.78%
Other
44.22%
TCPB
USA
56.91%
Other
43.09%
Sectors
USTB
Finance
28.94%
Sovereign
12%
Other
59.07%
TCPB
Sovereign
21.3%
Finance
18.59%
Industrials
7.33%
Other
52.79%
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Diversification
USTB
Total weight of top 15 holdings out of 15
14.17%
TCPB
Total weight of top 15 holdings out of 15
24.83%
Top 15 holdings
Data as of July 31, 2026
USTB
USA, Notes 4.125% 30jun2028, USD (BD-2028)
3.16%
USA, Notes 4.125% 31aug2030, USD (P-2030)
1.49%
USA, Notes 4.125% 15nov2027, USD (AU-2027)
1.46%
USA, Notes 3.75% 31dec2028, USD (AH-2028)
1.32%
USA, Notes 4% 31jan2031, USD (G-2031)
1.18%
USA, Notes 1.625% 15aug2029, USD (E-2029)
0.95%
USA, Notes 3.875% 30apr2031, USD (Y-2031)
0.84%
USA, Notes 4% 30jun2028, USD (AA-2028)
0.56%
USA, Notes 3.875% 31dec2027, USD (AH-2027)
0.52%
Citigroup, 6.25% perp., USD (T)
0.49%
American Express Co, 3.55% perp., USD (D)
0.46%
Dominion Energy, 4.35% perp., USD (C)
0.44%
Enstar Finance, 5.5% 15jan2042, USD
0.44%
USA, Notes 4.375% 15dec2026, USD (AV-2026)
0.43%
Open Text Corporation, 6.9% 1dec2027, USD
0.43%
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 USTB and TCPB
How have the USTB and TCPB ETFs performed in 2026?
As of August 31, 2026, USTB is up 1.95% year-to-date (YTD), while TCPB has returned 0.03%. That puts USTB better performer ahead so far this year.
Which ETF is attracting more investor money: USTB or TCPB?
Year-to-date, the USTB ETF saw +$857M in flows, compared to +$155M for TCPB.
Which ETF is more volatile: USTB or TCPB?
Over the past year, USTB had a volatility of 1.11%, while TCPB experienced 3.57%.
Which ETF is bigger: USTB or TCPB?
As of August 31, 2026, USTB holds $2.57 B in assets under management (AUM), while TCPB manages $486.34 M.
What sectors do the USTB and TCPB ETFs invest in?
USTB leans toward sectors like Finance and Sovereign. Meanwhile, TCPB focuses on Sovereign, Finance and Industrials.
What are the top holdings of the USTB ETF and TCPB ETF?
USTB top holdings include USA, Notes 4.125% 30jun2028, USD (BD-2028), USA, Notes 4.125% 31aug2030, USD (P-2030) and USA, Notes 4.125% 15nov2027, USD (AU-2027). 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: USTB or TCPB?
USTB holds 1090 securities with 14.17% 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 USTB & TCPB
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