TPLS vs SETH

Comparison between THORNBURG CORE PLUS BOND ETF (TPLS, ETF) and ProShares Short Ether ETF (SETH, ETF).

TPLS vs SETH - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	TPLS(ETF)	SETH(ETF)
Net Assets	$20M	$20M
Expense Ratio	0.45%	0.95%
Max Drawdown	4.20%	81.90%
Sharpe Ratio	0.32	0.47
5Y Beta	0.04	-2.10

Net Assets

TPLS

$20M

SETH

$20M

Expense Ratio

Winner

TPLS

0.45%

SETH

0.95%

Max Drawdown

Winner

TPLS

4.20%

SETH

81.90%

Sharpe Ratio

TPLS

0.32

Winner

SETH

0.47

5Y Beta

TPLS

0.04

Winner

SETH

-2.10

TPLS vs SETH - Historical Returns

Returns include dividend reinvestment.

Period	TPLS	SETH
1 month	+0.64%	+33.45%
3 months	+0.44%	+17.77%
6 months	+1.00%	+54.28%
1 year	+4.63%	+8.31%
Max(CAGR)	+4.51%	-28.82%

TPLS

+0.64%

Winner

SETH

+33.45%

TPLS

+0.44%

Winner

SETH

+17.77%

TPLS

+1.00%

Winner

SETH

+54.28%

TPLS

+4.63%

Winner

SETH

+8.31%

Max(CAGR)

Winner

TPLS

+4.51%

SETH

-28.82%

TPLS vs SETH - Annual Returns (2023 - 2026)

Returns include dividend reinvestment.

Year	TPLS	SETH
2026	+0.59%	+58.04%
2025	+5.58%	-26.97%
2024	N/A	-48.29%
2023	N/A	-22.80%

TPLS vs SETH Drawdown Comparison

The maximum drawdown for TPLS was -3.04%, occurring on May 19, 2026. This drawdown has not yet recovered.

The maximum drawdown for SETH was -80.73%, occurring on Oct 6, 2025. This drawdown has not yet recovered.

The current TPLS drawdown is -1.48%. The current SETH drawdown is -58.82%.

Rank	TPLS	SETH
#1	-3.04% Feb 27, 2026 - May 19, 2026	-80.73% Nov 2, 2023 - Oct 6, 2025
#2	-2.92% Apr 4, 2025 - Jun 30, 2025	N/A
#3	-1.39% Jun 30, 2025 - Aug 1, 2025	N/A
#4	-1.31% Feb 5, 2025 - Feb 21, 2025	N/A
#5	-1.19% Oct 28, 2025 - Feb 5, 2026	N/A
#6	-1.04% Mar 3, 2025 - Apr 1, 2025	N/A
#7	-0.79% Sep 16, 2025 - Oct 10, 2025	N/A
#8	-0.55% Aug 5, 2025 - Aug 26, 2025	N/A
#9	-0.45% Aug 28, 2025 - Sep 3, 2025	N/A
#10	-0.25% Feb 26, 2025 - Feb 28, 2025	N/A
#11	-0.20% Feb 10, 2026 - Feb 12, 2026	N/A
#12	-0.19% Sep 11, 2025 - Sep 16, 2025	N/A
#13	-0.15% Feb 17, 2026 - Feb 23, 2026	N/A
#14	-0.14% Sep 8, 2025 - Sep 10, 2025	N/A
#15	-0.14% Oct 22, 2025 - Oct 27, 2025	N/A

Correlation

Correlation between TPLS and SETH is -0.52 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.52

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