ACGR vs. MUSI

Last updated Jun 24, 2026

ACGR (American Century Large Cap Growth ETF) and MUSI (American Century Multisector Income ETF) are both exchange-traded funds - ACGR is a Large Cap Growth Equities fund tracking the Russell 1000 Growth Index, while MUSI is a Multisector Bonds fund actively managed by American Century. ACGR is passively managed, while MUSI is actively managed. Over the past 3 years, ACGR returned 18.74%/yr vs 6.54%/yr for MUSI. At a 0.37 correlation, their price movements are largely independent. ACGR charges 0.39%/yr vs 0.36%/yr for MUSI.

Performance

ACGR vs. MUSI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century Large Cap Growth ETF (ACGR) and American Century Multisector Income ETF (MUSI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ACGR achieves a 2.14% return, which is significantly higher than MUSI's 0.85% return.

ACGR

• 1D: -1.21%
• 1M: -4.20%
• YTD: 2.14%
• 6M: 1.12%
• 1Y: 17.42%
• 3Y*: 18.74%
• 5Y*: 13.01%
• 10Y*: —

MUSI

• 1D: 0.09%
• 1M: 0.59%
• YTD: 0.85%
• 6M: 1.07%
• 1Y: 5.33%
• 3Y*: 6.54%
• 5Y*: —
• 10Y*: —

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

ACGR vs. MUSI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ACGR American Century Large Cap Growth ETF	2.14%	14.50%	26.66%	43.24%	-30.13%	22.70%
MUSI American Century Multisector Income ETF	0.85%	8.32%	5.14%	7.51%	-10.33%	0.60%

Correlation

The correlation between ACGR and MUSI is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (All Time) Calculated using the full available price history since Jul 1, 2021	0.37

The correlation between ACGR and MUSI shifts across timeframes, from 0.28 (3 years) to 0.43 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

ACGR vs. MUSI — Risk / Return Rank

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

ACGR

ACGR Risk / Return Rank: 29
ACGR Sharpe Ratio Rank: 32
ACGR Sortino Ratio Rank: 30
ACGR Omega Ratio Rank: 30
ACGR Calmar Ratio Rank: 25
ACGR Martin Ratio Rank: 28

MUSI

MUSI Risk / Return Rank: 47
MUSI Sharpe Ratio Rank: 49
MUSI Sortino Ratio Rank: 53
MUSI Omega Ratio Rank: 50
MUSI Calmar Ratio Rank: 42
MUSI Martin Ratio Rank: 43

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.

ACGR vs. MUSI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century Large Cap Growth ETF (ACGR) and American Century Multisector Income ETF (MUSI). 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.

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.

	ACGR	MUSI	Difference
Sharpe ratio: Return per unit of total volatility	1.08	1.59	-0.51
Sortino ratio: Return per unit of downside risk	1.54	2.38	-0.84
Omega ratio: Gain probability vs. loss probability	1.19	1.29	-0.10
Calmar ratio: Return relative to maximum drawdown	1.10	1.92	-0.82
Martin ratio: Return relative to average drawdown	3.64	6.63	-2.98

ACGR vs. MUSI - Sharpe Ratio Comparison

The current ACGR Sharpe Ratio is 1.08, which is lower than the MUSI Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of ACGR and MUSI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ACGR vs. MUSI - Drawdown Comparison

The maximum ACGR drawdown since its inception was -34.54%, which is greater than MUSI's maximum drawdown of -13.91%. Use the drawdown chart below to compare losses from any high point for ACGR and MUSI.

Drawdown Indicators

	ACGR	MUSI	Difference
Max Drawdown Largest peak-to-trough decline	-34.54%	-13.91%	-20.63%
Max Drawdown (1Y) Largest decline over 1 year	-15.84%	-2.78%	-13.06%
Max Drawdown (3Y) Largest decline over 3 years	-24.58%	-4.16%	-20.42%
Max Drawdown (5Y) Largest decline over 5 years	-34.54%	—	—
Current Drawdown Current decline from peak	-6.48%	-0.89%	-5.59%
Average Drawdown Average peak-to-trough decline	-8.46%	-4.18%	-4.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.79%	0.81%	+3.98%

Volatility

ACGR vs. MUSI - Volatility Comparison

American Century Large Cap Growth ETF (ACGR) has a higher volatility of 5.97% compared to American Century Multisector Income ETF (MUSI) at 1.05%. This indicates that ACGR's price experiences larger fluctuations and is considered to be riskier than MUSI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ACGR	MUSI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.97%	1.05%	+4.92%
Volatility (6M) Calculated over the trailing 6-month period	12.78%	2.71%	+10.07%
Volatility (1Y) Calculated over the trailing 1-year period	16.19%	3.37%	+12.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.64%	4.84%	+16.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.43%	4.84%	+16.59%

ACGR vs. MUSI - Expense Ratio Comparison

ACGR has a 0.39% expense ratio, which is higher than MUSI's 0.36% expense ratio.

Dividends

ACGR vs. MUSI - Dividend Comparison

ACGR's dividend yield for the trailing twelve months is around 0.16%, less than MUSI's 5.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
ACGR American Century Large Cap Growth ETF	0.16%	0.11%	0.23%	0.37%	0.48%	0.58%	1.44%
MUSI American Century Multisector Income ETF	5.53%	5.74%	6.00%	5.20%	4.02%	1.62%	0.00%

Frequently Asked Questions

Can I hold both ACGR and MUSI in my portfolio?

ACGR and MUSI have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ACGR or MUSI?

ACGR has higher volatility (5.97%) compared to MUSI (1.05%). In terms of maximum drawdown, ACGR dropped -34.54% vs MUSI's -13.91%.

Which ETF is better, ACGR or MUSI?

On 3-year performance, ACGR leads with 18.74% vs 6.54% for MUSI. On fees, MUSI is cheaper at 0.36% per year. On volatility, MUSI has been the lower-risk option at 1.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ACGR or MUSI?

Over the 3-year period, ACGR has performed better with a 18.74% return vs 6.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ACGR or MUSI?

MUSI is cheaper with a 0.36% expense ratio, compared with 0.39% for ACGR.

Which ETF pays a higher dividend yield, ACGR or MUSI?

MUSI has the higher dividend yield at 5.53%, compared with 0.16% for ACGR.

What is the main difference between ACGR and MUSI?

ACGR is categorized as Large Cap Growth Equities, while MUSI is Multisector Bonds. Their fees differ too: 0.39% for ACGR and 0.36% for MUSI.

Which has better risk-adjusted returns?

MUSI currently has the higher Sharpe Ratio (1.59 vs 1.08), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.