Columbia Multi-Sector Municipal Income ETF (MUST) belongs to the Money Market category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with MUST. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MUST
MUST charges 0.23% annually. There are 6 ETFs in the Money Market category with lower expense ratios, going as low as 0.15%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares GENIUS Money Market ETF | 0.15% | 20.33B | Feb 2026 | MUST vs IQMM | |
| Simplify Government Money Market ETF | 0.15% | 5.01B | Jul 2025 | MUST vs SBIL | |
| JPMorgan 100% U.S. Treasury Securities Money Marke... | 0.16% | 66.06M | Dec 2025 | MUST vs JMMF | |
| State Street Prime Money Market ETF | 0.18% | 28.02M | Feb 2026 | MUST vs MMK | |
| Texas Capital Government Money Market ETF | 0.20% | 62.65M | Sep 2024 | MUST vs MMKT |
Best Risk-Adjusted Alternatives to MUST
MUST has a PortfoliosLab risk / return rank of 43. There are 3 ETFs in the Money Market category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Prime Money Market ETF | 100 | 645.79M | Feb 2025 | MUST vs PMMF | |
| Schwab Government Money Market ETF | 100 | 788.55M | Jun 2025 | MUST vs SGVT | |
| Texas Capital Government Money Market ETF | 100 | 62.65M | Sep 2024 | MUST vs MMKT | |
| Leadershares Alphafactor Tactical Focused ETF | 39 | 61.78M | Oct 2020 | MUST vs LSAT |
Top Performing MUST Alternatives (YTD)
MUST is at 1.58% YTD. There are 7 ETFs in the Money Market category with higher YTD returns, going as high as 16.37%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Leadershares Alphafactor Tactical Focused ETF | 16.37% | 61.78M | Oct 2020 | MUST vs LSAT | |
| iShares Prime Money Market ETF | 1.92% | 645.79M | Feb 2025 | MUST vs PMMF | |
| Simplify Government Money Market ETF | 1.90% | 5.01B | Jul 2025 | MUST vs SBIL | |
| Texas Capital Government Money Market ETF | 1.83% | 62.65M | Sep 2024 | MUST vs MMKT | |
| JPMorgan 100% U.S. Treasury Securities Money Marke... | 1.82% | 66.06M | Dec 2025 | MUST vs JMMF |
Lowest Volatility Alternatives to MUST
MUST has 5.03% 1-year volatility. There are 8 ETFs in the Money Market category with lower 1-year volatility, going as low as 0.18%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| State Street Prime Money Market ETF | 0.18% | 28.02M | Feb 2026 | MUST vs MMK | |
| iShares Prime Money Market ETF | 0.19% | 645.79M | Feb 2025 | MUST vs PMMF | |
| Texas Capital Government Money Market ETF | 0.22% | 62.65M | Sep 2024 | MUST vs MMKT | |
| Schwab Government Money Market ETF | 0.22% | 788.55M | Jun 2025 | MUST vs SGVT | |
| ProShares GENIUS Money Market ETF | 0.22% | 20.33B | Feb 2026 | MUST vs IQMM |
Lowest Drawdown Alternatives to MUST
MUST has a 1-year max drawdown of -3.01%. There are 3 ETFs in the Money Market category with shallower 1-year drawdowns, going as shallow as -0.02%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Texas Capital Government Money Market ETF | -0.02% | 62.65M | Sep 2024 | MUST vs MMKT | |
| iShares Prime Money Market ETF | -0.02% | 645.79M | Feb 2025 | MUST vs PMMF | |
| Schwab Government Money Market ETF | -0.03% | 788.55M | Jun 2025 | MUST vs SGVT | |
| Leadershares Alphafactor Tactical Focused ETF | -7.94% | 61.78M | Oct 2020 | MUST vs LSAT |
Other ETFs from Ameriprise Financial
The 7 most viewed Ameriprise Financial ETFs shown here include INCO, XCEM, RECS and span 7 categories. AUM among these funds goes as high as $6B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Columbia India Consumer ETF | India Equities, Asia Pacific Equities | 6 | -9.06% | 227.95M | Aug 2011 | MUST vs INCO | |
| Columbia EM Core ex-China ETF | Emerging Markets Equities | 76 | 27.89% | 1.97B | Sep 2015 | MUST vs XCEM | |
| Columbia Research Enhanced Core ETF | Large Cap Growth Equities | 63 | 8.18% | 5.86B | Sep 2019 | MUST vs RECS | |
| Columbia Diversified Fixed Income Allocation ETF | Multisector Bonds | 40 | 0.48% | 440.13M | Oct 2017 | MUST vs DIAL | |
| Columbia Research Enhanced Value ETF | Large Cap Value Equities | 85 | 15.41% | 318.76M | Sep 2019 | MUST vs REVS | |
| Columbia Emerging Markets Consumer ETF | Emerging Markets Equities | 72 | 24.15% | 335.26M | Sep 2010 | MUST vs ECON | |
| Columbia Sustainable International Equity Income E... | Foreign Large Cap Equities | 60 | 7.17% | 7.85M | Jun 2016 | MUST vs ESGN |
Often Compared With MUST
Investors most often compare MUST with SHYD, SCMB, ITM. These 20 comparison targets span 6 categories, based on PortfoliosLab usage data.
Compare MUST with Any Fund or Stock
Compare MUST with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MUST with funds that move differently
Columbia Multi-Sector Municipal Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MUST.
Explore MUST Diversifiers