- Issuer
- TCW
- Inception Date
- Nov 18, 2024
- Category
- Multisector Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $51M
Share Price Chart
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Performance
MUSE Performance Chart
TCW Multisector Credit Income ETF (MUSE) is up 2.7% since the beginning of the year. MUSE is currently trading at $50 per share.
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Returns By Period
TCW Multisector Credit Income ETF (MUSE) has returned 2.68% so far this year and 7.80% over the past 12 months.
TCW Multisector Credit Income ETF
- 1D
- -0.14%
- 1M
- 0.98%
- YTD
- 2.68%
- 6M
- 3.06%
- 1Y
- 7.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
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 +0.55%. At this rate, an investment would double in approximately 10.5 years.
Historically, 75% of months were positive and 25% were negative. The best month was Apr 2026 with a return of +2.1%, 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.96% | -0.48% | -1.32% | 2.10% | 1.02% | 0.40% | 2.68% | ||||||
| 2025 | 1.10% | 0.73% | -0.23% | -0.74% | 1.43% | 1.60% | 0.80% | 1.01% | 1.02% | 0.56% | 0.30% | 0.39% | 8.25% |
| 2024 | 0.70% | -0.36% | 0.34% |
Benchmark Metrics
TCW Multisector Credit Income ETF has an annualized alpha of 4.94%, beta of 0.13, and R2 of 0.33 versus S&P 500 Index. Calculated based on daily prices since November 18, 2024.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (25.31%) than losses (10.05%) - typical of diversified or defensive assets.
- Beta of 0.13 may look defensive, but with R2 of 0.33 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 0.33 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
- 4.94%
- Beta
- 0.13
- R²
- 0.33
- Upside Capture
- 25.31%
- Downside Capture
- 10.05%
Expense Ratio
MUSE has an expense ratio of 0.56%, placing it in the medium range.
Return for Risk
Risk / Return Rank
MUSE ranks 80 for risk / return — in the top 80% 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for TCW Multisector Credit Income ETF (MUSE) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MUSE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.70 | ||
| Sortino ratioReturn per unit of downside risk | +1.62 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.37 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | 2.78 | +0.30 |
| Martin ratioReturn relative to average drawdown | 11.45 | 12.44 | -0.99 |
Dividends
Dividend History
TCW Multisector Credit Income ETF provided a 7.67% dividend yield over the last twelve months, with an annual payout of $3.83 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $3.83 | $3.68 | $0.37 |
Dividend yield | 7.67% | 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.30 | $0.30 | $0.30 | $0.30 | $0.30 | $1.50 | ||||||
| 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 0.14%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -3.63%Apr 2025 | 15d | 1mo 5d | 1mo 20dMar 2025 - May 2025 |
2026 pullback2026 | -2.54%Mar 2026 | 1mo 22d | 1mo 12d | 3mo 4dFeb 2026 - May 2026 |
2025 pullback2025 | -1.04%Jan 2025 | 27d | 14d | 1mo 11dDec 2024 - Jan 2025 |
2026 pullback2026 | -0.78%May 2026 | 8d | 9d | 17dMay 2026 - May 2026 |
2025 selloff2025 | -0.60%Mar 2025 | 9d | 12d | 21dMar 2025 - Mar 2025 |
Drawdown Indicators
| MUSE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.63% | -56.78% | +53.15% |
Max Drawdown (1Y)Largest decline over 1 year | -2.54% | -9.10% | +6.56% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.14% | -1.80% | +1.66% |
Average DrawdownAverage peak-to-trough decline | -0.41% | -10.71% | +10.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 2.03% | -1.35% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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