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TCW Multisector Credit Income ETF (MUSE)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ETF Info

Issuer
TCW
Inception Date
Nov 18, 2024
Leveraged
1x (No leverage)
Index Tracked
No Index (Active)
Distribution Policy
Distributing
Asset Class
Bond

Share Price Chart


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TCW Multisector Credit Income ETF

Performance

MUSE Performance Chart

TCW Multisector Credit Income ETF (MUSE) is up 1.1% since the beginning of the year. MUSE is currently trading at $50 per share.


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S&P 500 Index

Returns By Period

TCW Multisector Credit Income ETF (MUSE) has returned 1.09% so far this year and 9.59% over the past 12 months.


TCW Multisector Credit Income ETF

1D
0.05%
1M
1.66%
YTD
1.09%
6M
2.50%
1Y
9.59%
3Y*
5Y*
10Y*

Benchmark (S&P 500 Index)

1D
0.80%
1M
4.83%
YTD
2.59%
6M
5.27%
1Y
30.14%
3Y*
19.29%
5Y*
10.91%
10Y*
12.94%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MUSE Monthly Returns History

Based on dividend-adjusted daily data since Nov 18, 2024, MUSE's average daily return is +0.03%, while the average monthly return is +0.52%. At this rate, an investment would double in approximately 11.1 years.

Historically, 72% of months were positive and 28% were negative. The best month was Apr 2026 with a return of +2.0%, while the worst month was Mar 2026 at -1.3%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 2 months.

On a daily basis, MUSE closed higher 60% of trading days. The best single day was Apr 14, 2025 with a return of +1.4%, while the worst single day was Apr 7, 2025 at -1.1%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20260.96%-0.48%-1.32%1.96%1.09%
20251.10%0.73%-0.23%-0.74%1.43%1.60%0.80%1.01%1.02%0.56%0.30%0.39%8.25%
20240.70%-0.36%0.34%

Benchmark Metrics

TCW Multisector Credit Income ETF has an annualized alpha of 5.08%, beta of 0.13, and R² of 0.34 versus S&P 500 Index. Calculated based on daily prices since November 19, 2024.

  • This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (29.07%) than losses (13.61%) — typical of diversified or defensive assets.
  • Beta of 0.13 may look defensive, but with R² of 0.34 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
  • R² of 0.34 means the benchmark explains less than half of this ETF's behavior — treat beta with caution or consider switching to a more representative benchmark.

Alpha
5.08%
Beta
0.13
0.34
Upside Capture
29.07%
Downside Capture
13.61%

Expense Ratio

MUSE has an expense ratio of 0.56%, placing it in the medium range.


Return for Risk

Risk / Return Rank

MUSE ranks 83 for risk / return — in the top 83% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.


MUSE Risk / Return Rank: 8383
Overall Rank
MUSE Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
MUSE Sortino Ratio Rank: 8787
Sortino Ratio Rank
MUSE Omega Ratio Rank: 9494
Omega Ratio Rank
MUSE Calmar Ratio Rank: 7878
Calmar Ratio Rank
MUSE Martin Ratio Rank: 7676
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for TCW Multisector Credit Income ETF (MUSE) and compare them to a chosen benchmark (S&P 500 Index).


MUSEBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

2.77

2.30

+0.47

Sortino ratio

Return per unit of downside risk

4.21

3.18

+1.03

Omega ratio

Gain probability vs. loss probability

1.70

1.43

+0.27

Calmar ratio

Return relative to maximum drawdown

4.46

3.40

+1.06

Martin ratio

Return relative to average drawdown

16.32

15.35

+0.97

Explore MUSE risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History

TCW Multisector Credit Income ETF provided a 7.60% dividend yield over the last twelve months, with an annual payout of $3.78 per share.


1.00%2.00%3.00%4.00%5.00%6.00%7.00%$0.00$1.00$2.00$3.00$4.0020242025
Dividends
Dividend Yield
PeriodTTM20252024
Dividend$3.78$3.68$0.37

Dividend yield

7.60%7.35%0.75%

Monthly Dividends

The table displays the monthly dividend distributions for TCW Multisector Credit Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.30$0.30$0.30$0.90
2025$0.00$0.25$0.25$0.30$0.25$0.30$0.30$0.30$0.30$0.32$0.34$0.77$3.68
2024$0.37$0.37

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the TCW Multisector Credit Income ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the TCW Multisector Credit Income ETF was 3.63%, occurring on Apr 11, 2025. Recovery took 24 trading sessions.

The current TCW Multisector Credit Income ETF drawdown is 0.46%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-3.63%Mar 27, 202512Apr 11, 202524May 16, 202536
-2.54%Feb 3, 202638Mar 27, 2026
-1.04%Dec 17, 202417Jan 13, 20259Jan 27, 202526
-0.6%Mar 4, 20258Mar 13, 20258Mar 25, 202516
-0.57%Sep 25, 202513Oct 13, 20256Oct 21, 202519

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Portfolio Analyzer

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