ABI vs. MUSE

Last updated Jun 5, 2026

ABI (VictoryShares Pioneer Asset-Based Income ETF) and MUSE (TCW Multisector Credit Income ETF) are both Multisector Bonds funds. At a 0.14 correlation, their price movements are largely independent. ABI charges 0.65%/yr vs 0.56%/yr for MUSE.

Performance

ABI vs. MUSE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VictoryShares Pioneer Asset-Based Income ETF (ABI) and TCW Multisector Credit Income ETF (MUSE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ABI achieves a 2.61% return, which is significantly higher than MUSE's 2.34% return.

ABI

• 1D: 0.00%
• 1M: 0.69%
• YTD: 2.61%
• 6M: 3.10%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MUSE

• 1D: 0.04%
• 1M: 0.90%
• YTD: 2.34%
• 6M: 2.84%
• 1Y: 8.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ABI vs. MUSE - Yearly Performance Comparison

	2026 (YTD)	2025
ABI VictoryShares Pioneer Asset-Based Income ETF	2.61%	2.05%
MUSE TCW Multisector Credit Income ETF	2.34%	4.40%

Correlation

The correlation between ABI and MUSE is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 27, 2025	0.14

Return for Risk

ABI vs. MUSE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MUSE

MUSE Risk / Return Rank: 81
MUSE Sharpe Ratio Rank: 88
MUSE Sortino Ratio Rank: 93
MUSE Omega Ratio Rank: 94
MUSE Calmar Ratio Rank: 65
MUSE Martin Ratio Rank: 65

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.

ABI vs. MUSE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares Pioneer Asset-Based Income ETF (ABI) and TCW Multisector Credit Income ETF (MUSE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ABI	MUSE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.97	1.86	+2.11

Drawdowns

ABI vs. MUSE - Drawdown Comparison

The maximum ABI drawdown since its inception was -0.95%, smaller than the maximum MUSE drawdown of -3.63%. Use the drawdown chart below to compare losses from any high point for ABI and MUSE.

Drawdown Indicators

	ABI	MUSE	Difference
Max Drawdown Largest peak-to-trough decline	-0.95%	-3.63%	+2.68%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.54%	—
Current Drawdown Current decline from peak	-0.04%	-0.06%	+0.02%
Average Drawdown Average peak-to-trough decline	-0.19%	-0.42%	+0.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.68%	—

Volatility

Volatility by Period

	ABI	MUSE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.86%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.40%	—
Volatility (1Y) Calculated over the trailing 1-year period	1.27%	2.81%	-1.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.27%	3.86%	-2.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.27%	3.86%	-2.59%

ABI vs. MUSE - Expense Ratio Comparison

ABI has a 0.65% expense ratio, which is higher than MUSE's 0.56% expense ratio.

Dividends

ABI vs. MUSE - Dividend Comparison

ABI's dividend yield for the trailing twelve months is around 5.18%, less than MUSE's 7.70% yield.

Position	TTM	2025	2024
ABI VictoryShares Pioneer Asset-Based Income ETF	5.18%	3.01%	0.00%
MUSE TCW Multisector Credit Income ETF	7.70%	7.35%	0.75%

Frequently Asked Questions

Can I hold both ABI and MUSE in my portfolio?

ABI and MUSE have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ABI or MUSE?

On fees, MUSE is cheaper at 0.56% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ABI or MUSE?

MUSE is cheaper with a 0.56% expense ratio, compared with 0.65% for ABI.

Which ETF pays a higher dividend yield, ABI or MUSE?

MUSE has the higher dividend yield at 7.70%, compared with 5.18% for ABI.

What is the main difference between ABI and MUSE?

They also come from different issuers: VictoryShares and TCW. Their fees differ too: 0.65% for ABI and 0.56% for MUSE.