This paper deals with the exact wave results of the (1+1)-dimensional nonlinear compound Korteweg–De Vries and Burgers (KdVB) equation with a truncated M-fractional derivative. This model represents the generalization of Korteweg–De Vries-modified Korteweg–De Vries and Burgers equations. We obtained periodic, combo singular, dark–bright, and other wave results with the use of the extended sinh-Gordon equation expansion (EShGEE) and modified (G′/G2)-expansion techniques. The use of the effective fractional derivative makes our results much better than the existing results. The obtained solutions are useful as well as applicable in various fields, including mathematical physics, plasma physics, ocean engineering, optics, etc. The obtained solutions are demonstrated by 2D, 3D, and contour plots. The achieved results will be fruitful for future research on this equation. Stability analysis is used to check that the results are precise as well as exact. Modulation instability (MI) analysis is performed to find stable steady-state solutions of the abovementioned model. In the end, it is concluded that the methods used are easy and reliable.