USTBvsTMBETF Comparison
VS
VictoryShares Short-Term Bond ETF (USTB) belongs to the US Aggregate Bonds segment. Thornburg Multi Sector Bond ETF (TMB) is part of the Intl Aggregate Bonds segment. USTB's top 3 sector exposures are Finance, Sovereign and Industrials. In contrast, TMB's top sector exposures are Sovereign, Finance and Industrials. USTB is less expensive with a Total Expense Ratio (TER) of 0.34%, versus 0.55% for TMB. USTB is up 1.95% year-to-date (YTD) with +$857M in YTD flows. TMB performs worse with 0.81% YTD performance, and +$187M in YTD flows. Run a side-by-side ETF comparison of USTB and TMB 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 TMB 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 TMB | +0.32%+0.36% | +0.72%+0.02% | +1.95%+0.81% | +3.64%+2.95% | +18.63%n/a | +19.09%n/a |
| Flows | USTB TMB | +$247M+$24M | +$411M+$77M | +$857M+$187M | +$1.20B+$189M | +$2.01B- | +$2.30B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | USTB TMB | +1.24%+2.58% | +1.11%+2.47% | +1.44%n/a | +1.58%n/a |
| Max drawdown | USTB TMB | -0.23%-0.97% | -0.78%-1.82% | -0.79%n/a | -5.07%n/a |
| Max drawdown duration | USTB TMB | 13d63d | 46d183d | 22dn/a | 688dn/a |
Trading data
USTB | TMB | |
Last sale 9/1/2026 at 1:30 PM | $50.42 | $25.11 |
| Previous close 08/31/2026 | $50.45 | $25.15 |
| 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 | TMB | |
|---|---|---|
| Last price | $50.42 | $25.11 |
| 1D performance | -0.06% | -0.16% |
| AuM | $2.57 B | $259.42 M |
| E/R | 0.34% | 0.55% |
Characteristics
USTB | TMB | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | VictoryShares | Thornburg |
| Benchmark | - | - |
| N° of holdings | 533 | 369 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 24, 2017 | February 5, 2025 |
| ESG | No | No |
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Exposure
Countries
USTB
USA
55.78%
Other
44.22%
TMB
USA
60.67%
Other
39.33%
Sectors
USTB
Finance
28.94%
Sovereign
12%
Other
59.07%
TMB
Sovereign
20.69%
Finance
12.73%
Industrials
8.03%
Other
58.56%
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Diversification
USTB
Total weight of top 15 holdings out of 15
14.17%
TMB
Total weight of top 15 holdings out of 15
24.04%
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%
TMB
USA, Notes 4% 15nov2035, USD (F-2035)
9.88%
USA, Notes 4.25% 30jun2033, USD (M-2033)
3.84%
USA, Bonds 3% 15nov2044, USD
1.48%
USA, Notes 3.75% 31aug2031, USD (P-2031)
1.48%
FN MA5497, 5.5% 1oct2054, USD (ABS)
1.04%
US31418D3H34
1.01%
US912803HV84
0.80%
USA, Notes 4.375% 15may2036, USD (C-2036)
0.77%
FR SD8178, 2.5% 1nov2051, USD (ABS)
0.72%
USA, TIPS 0.125% 15feb2051, USD
0.64%
USA, STRIPS 0% 15may2042, USD (10957D)
0.56%
Thornburg Capital Management Fund
0.53%
US3140XRWW19
0.45%
US142921AG08
0.43%
US3136BX3N21
0.42%
Frequently asked questions about USTB and TMB
How have the USTB and TMB ETFs performed in 2026?
As of August 31, 2026, USTB is up 1.95% year-to-date (YTD), while TMB has returned 0.81%. That puts USTB better performer ahead so far this year.
Which ETF is attracting more investor money: USTB or TMB?
Year-to-date, the USTB ETF saw +$857M in flows, compared to +$187M for TMB.
Which ETF is more volatile: USTB or TMB?
Over the past year, USTB had a volatility of 1.11%, while TMB experienced 2.47%.
Which ETF is bigger: USTB or TMB?
As of August 31, 2026, USTB holds $2.57 B in assets under management (AUM), while TMB manages $259.42 M.
What sectors do the USTB and TMB ETFs invest in?
USTB leans toward sectors like Finance and Sovereign. Meanwhile, TMB focuses on Sovereign, Finance and Industrials.
What are the top holdings of the USTB ETF and TMB 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). TMB holds in its top three: USA, Notes 4% 15nov2035, USD (F-2035), USA, Notes 4.25% 30jun2033, USD (M-2033) and USA, Bonds 3% 15nov2044, USD.
Which ETF is more diversified: USTB or TMB?
USTB holds 1090 securities with 14.17% of its assets in the top 15. TMB has 604 securities and a top 15 weight of 24.04%.
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