- ISIN
- US19761L6074
- CUSIP
- 19761L607
- Issuer
- Ameriprise Financial
- Inception Date
- Oct 10, 2018
- Region
- North America (U.S.)
- Category
- Money Market
- Leveraged
- 1x (No leverage)
- Index Tracked
- Bloomberg Beta Advantage Multi-Sector Municipal Bond Index
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $594M
Share Price Chart
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Performance
MUST Performance Chart
Columbia Multi-Sector Municipal Income ETF (MUST) is up 2.0% since the beginning of the year. MUST is currently trading at $21 per share. Investors who bought $1,000 worth of MUST shares 5 years ago would now be looking at an investment worth $1,047.
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Returns By Period
Columbia Multi-Sector Municipal Income ETF (MUST) has returned 2.04% so far this year and 6.80% over the past 12 months.
Columbia Multi-Sector Municipal Income ETF
- 1D
- 0.58%
- 1M
- 2.42%
- YTD
- 2.04%
- 6M
- 2.19%
- 1Y
- 6.80%
- 3Y*
- 3.55%
- 5Y*
- 0.93%
- 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%
MUST Monthly Returns History
Based on dividend-adjusted daily data since Oct 10, 2018, MUST's average daily return is +0.01%, while the average monthly return is +0.26%. At this rate, an investment would double in approximately 22.2 years.
Historically, 62% of months were positive and 38% were negative. The best month was Nov 2023 with a return of +6.0%, while the worst month was Mar 2020 at -4.3%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 4 months.
On a daily basis, MUST closed higher 49% of trading days. The best single day was Mar 26, 2020 with a return of +3.4%, while the worst single day was Mar 23, 2020 at -3.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.46% | 1.00% | -2.40% | 0.28% | 0.91% | 0.83% | 2.04% | ||||||
| 2025 | 0.05% | 1.61% | -1.97% | 0.14% | -0.23% | 0.88% | -0.38% | 0.49% | 2.79% | 1.00% | 0.62% | -0.12% | 4.92% |
| 2024 | -1.10% | 0.69% | -0.11% | -0.80% | -0.74% | 0.91% | 1.33% | 0.71% | 0.74% | -1.58% | 2.59% | -2.17% | 0.37% |
| 2023 | 2.98% | -2.06% | 1.80% | -0.11% | -0.69% | 0.90% | 0.49% | -1.58% | -3.25% | -0.96% | 6.03% | 2.88% | 6.23% |
| 2022 | -3.24% | -0.99% | -2.59% | -2.91% | 1.35% | -1.71% | 3.41% | -2.20% | -4.19% | -0.82% | 4.95% | 0.17% | -8.82% |
| 2021 | 0.47% | -1.39% | 0.85% | 0.95% | 0.30% | 0.32% | 0.92% | -0.29% | -0.79% | -0.38% | 0.59% | 0.41% | 1.93% |
Benchmark Metrics
Columbia Multi-Sector Municipal Income ETF has an annualized alpha of 2.38%, beta of 0.06, and R2 of 0.04 versus S&P 500 Index. Calculated based on daily prices since October 10, 2018.
- This ETF participated in 20.99% of S&P 500 Index downside but only 16.36% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.06 may look defensive, but with R2 of 0.04 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 0.04 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.38%
- Beta
- 0.06
- R²
- 0.04
- Upside Capture
- 16.36%
- Downside Capture
- 20.99%
Expense Ratio
MUST has an expense ratio of 0.23%, which is considered low.
Return for Risk
Risk / Return Rank
MUST ranks 41 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Columbia Multi-Sector Municipal Income ETF (MUST) 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.
| MUST | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.37 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | 2.78 | -0.52 |
| Martin ratioReturn relative to average drawdown | 6.11 | 12.44 | -6.33 |
Dividends
Dividend History
Columbia Multi-Sector Municipal Income ETF provided a 3.31% dividend yield over the last twelve months, with an annual payout of $0.69 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.69 | $0.68 | $0.63 | $0.52 | $0.36 | $0.36 | $0.52 | $0.58 | $0.11 |
Dividend yield | 3.31% | 3.28% | 3.13% | 2.51% | 1.76% | 1.62% | 2.33% | 2.70% | 0.55% |
Monthly Dividends
The table displays the monthly dividend distributions for Columbia Multi-Sector Municipal 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 | $0.06 | $0.05 | $0.07 | $0.06 | $0.06 | $0.29 | ||||||
| 2025 | $0.00 | $0.06 | $0.05 | $0.06 | $0.05 | $0.06 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.11 | $0.68 |
| 2024 | $0.00 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 | $0.06 | $0.11 | $0.63 |
| 2023 | $0.00 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.05 | $0.09 | $0.52 |
| 2022 | $0.00 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.07 | $0.36 |
| 2021 | $0.00 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.07 | $0.36 |
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 Columbia Multi-Sector Municipal 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 Columbia Multi-Sector Municipal Income ETF was 13.83%, occurring on Oct 31, 2022. Recovery took 721 trading sessions.
The current Columbia Multi-Sector Municipal Income ETF drawdown is 0.51%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -13.83%Oct 2022 | 1y 2mo | 2y 10mo | 4y 1moAug 2021 - Sep 2025 |
COVID crash2020 | -12.86%Mar 2020 | 13d | 4mo 10d | 4mo 23dMar 2020 - Jul 2020 |
2026 pullback2026 | -3.01%Mar 2026 | 1mo | — | 3mo 28dFeb 2026 - now |
2021 pullback2021 | -2.29%Feb 2021 | 10d | 3mo 5d | 3mo 15dFeb 2021 - Jun 2021 |
2019 pullback2019 | -1.64%Nov 2019 | 2mo 7d | 1mo 26d | 4mo 3dSep 2019 - Jan 2020 |
Drawdown Indicators
| MUST | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.83% | -56.78% | +42.95% |
Max Drawdown (1Y)Largest decline over 1 year | -3.01% | -9.10% | +6.09% |
Max Drawdown (3Y)Largest decline over 3 years | -6.08% | -18.90% | +12.82% |
Max Drawdown (5Y)Largest decline over 5 years | -13.83% | -25.43% | +11.60% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.51% | -1.80% | +1.29% |
Average DrawdownAverage peak-to-trough decline | -3.39% | -10.71% | +7.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.12% | 2.03% | -0.91% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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