- Issuer
- T. Rowe Price
- Inception Date
- Nov 19, 2025
- Category
- Multisector Bonds, Global Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $29M
Share Price Chart
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Performance
TMSF Performance Chart
T. Rowe Price Multi-Sector Income ETF (TMSF) is up 1.8% since the beginning of the year. TMSF is currently trading at $50 per share.
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Returns By Period
T. Rowe Price Multi-Sector Income ETF
- 1D
- 0.07%
- 1M
- 0.55%
- YTD
- 1.77%
- 6M
- 2.21%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.00%
- 1M
- -0.71%
- YTD
- 8.39%
- 6M
- 8.57%
- 1Y
- 24.33%
- 3Y*
- 18.94%
- 5Y*
- 12.24%
- 10Y*
- 13.54%
TMSF Monthly Returns History
Based on dividend-adjusted daily data since Nov 20, 2025, TMSF's average daily return is +0.02%, while the average monthly return is +0.38%. At this rate, an investment would double in approximately 15.2 years.
Historically, 63% of months were positive and 38% were negative. The best month was Apr 2026 with a return of +1.9%, while the worst month was Mar 2026 at -1.4%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 2 months.
On a daily basis, TMSF closed higher 54% of trading days. The best single day was Apr 8, 2026 with a return of +0.5%, while the worst single day was Mar 20, 2026 at -0.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.66% | -0.06% | -1.38% | 1.88% | 0.88% | -0.19% | 1.77% | ||||||
| 2025 | 0.55% | 0.74% | 1.29% |
Benchmark Metrics
T. Rowe Price Multi-Sector Income ETF has an annualized alpha of 2.75%, beta of 0.13, and R2 of 0.36 versus S&P 500 Index. Calculated based on daily prices since November 20, 2025.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (15.93%) than losses (12.13%) - typical of diversified or defensive assets.
- Beta of 0.13 may look defensive, but with R2 of 0.36 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 0.36 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
- 2.75%
- Beta
- 0.13
- R²
- 0.36
- Upside Capture
- 15.93%
- Downside Capture
- 12.13%
Expense Ratio
TMSF has an expense ratio of 0.37%, placing it in the medium range.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for T. Rowe Price Multi-Sector Income ETF (TMSF) 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.
| TMSF | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.35 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.66 | — |
| Martin ratioReturn relative to average drawdown | — | 11.86 | — |
Dividends
Dividend History
T. Rowe Price Multi-Sector Income ETF provided a 3.06% dividend yield over the last twelve months, with an annual payout of $1.53 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $1.53 | $0.38 |
Dividend yield | 3.06% | 0.75% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price Multi-Sector 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 | $0.25 | $0.22 | $0.22 | $0.23 | $0.23 | $0.00 | $1.15 | ||||||
| 2025 | $0.38 | $0.38 |
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 T. Rowe Price Multi-Sector 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 T. Rowe Price Multi-Sector Income ETF was 2.28%, occurring on Mar 27, 2026. Recovery took 11 trading sessions.
The current T. Rowe Price Multi-Sector Income ETF drawdown is 0.34%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 pullback2026 | -2.28%Mar 2026 | 1mo 6d | 18d | 1mo 24dFeb 2026 - Apr 2026 |
2026 pullback2026 | -0.80%May 2026 | 8d | 9d | 17dMay 2026 - May 2026 |
2026 pullback2026 | -0.56%Jun 2026 | 7d | 7d | 14dJun 2026 - Jun 2026 |
2026 pullback2026 | -0.42%Jun 2026 | 1d | — | 6d 23hJun 2026 - now |
2026 pullback2026 | -0.36%Apr 2026 | 9d | 7d | 16dApr 2026 - May 2026 |
Drawdown Indicators
| TMSF | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.28% | -56.78% | +54.50% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
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 | -0.34% | -2.49% | +2.15% |
Average DrawdownAverage peak-to-trough decline | -0.37% | -10.72% | +10.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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