ACLC vs. MUSI

Last updated Jun 27, 2026

ACLC (American Century Large Cap Equity ETF) and MUSI (American Century Multisector Income ETF) are both exchange-traded funds - ACLC is a Large Cap Blend Equities fund actively managed by American Century, while MUSI is a Multisector Bonds fund actively managed by American Century. Both are actively managed. Over the past 3 years, ACLC returned 15.91%/yr vs 6.71%/yr for MUSI. At a 0.39 correlation, their price movements are largely independent. ACLC charges 0.39%/yr vs 0.36%/yr for MUSI.

Performance

ACLC vs. MUSI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century Large Cap Equity ETF (ACLC) 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, ACLC achieves a 5.55% return, which is significantly higher than MUSI's 1.43% return.

ACLC

• 1D: 0.07%
• 1M: -1.67%
• YTD: 5.55%
• 6M: 4.11%
• 1Y: 15.94%
• 3Y*: 15.91%
• 5Y*: 9.98%
• 10Y*: —

MUSI

• 1D: 0.12%
• 1M: 0.82%
• YTD: 1.43%
• 6M: 1.38%
• 1Y: 5.22%
• 3Y*: 6.71%
• 5Y*: —
• 10Y*: —

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

ACLC vs. MUSI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ACLC American Century Large Cap Equity ETF	5.55%	11.80%	19.96%	24.74%	-19.37%	12.35%
MUSI American Century Multisector Income ETF	1.43%	8.32%	5.14%	7.51%	-10.33%	0.60%

Correlation

The correlation between ACLC and MUSI is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (All Time) Calculated using the full available price history since Jul 1, 2021	0.39

The correlation between ACLC and MUSI shifts across timeframes, from 0.33 (3 years) to 0.50 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

ACLC vs. MUSI — Risk / Return Rank

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

ACLC

ACLC Risk / Return Rank: 38
ACLC Sharpe Ratio Rank: 39
ACLC Sortino Ratio Rank: 37
ACLC Omega Ratio Rank: 36
ACLC Calmar Ratio Rank: 34
ACLC Martin Ratio Rank: 46

MUSI

MUSI Risk / Return Rank: 49
MUSI Sharpe Ratio Rank: 52
MUSI Sortino Ratio Rank: 55
MUSI Omega Ratio Rank: 52
MUSI Calmar Ratio Rank: 41
MUSI Martin Ratio Rank: 44

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.

ACLC vs. MUSI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century Large Cap Equity ETF (ACLC) 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.

	ACLC	MUSI	Difference
Sharpe ratio: Return per unit of total volatility	1.25	1.56	-0.31
Sortino ratio: Return per unit of downside risk	1.78	2.33	-0.55
Omega ratio: Gain probability vs. loss probability	1.22	1.29	-0.07
Calmar ratio: Return relative to maximum drawdown	1.56	1.88	-0.33
Martin ratio: Return relative to average drawdown	6.66	6.47	+0.18

ACLC vs. MUSI - Sharpe Ratio Comparison

The current ACLC Sharpe Ratio is 1.25, which is comparable to the MUSI Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of ACLC 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

ACLC vs. MUSI - Drawdown Comparison

The maximum ACLC drawdown since its inception was -26.44%, which is greater than MUSI's maximum drawdown of -13.91%. Use the drawdown chart below to compare losses from any high point for ACLC and MUSI.

Drawdown Indicators

	ACLC	MUSI	Difference
Max Drawdown Largest peak-to-trough decline	-26.44%	-13.91%	-12.53%
Max Drawdown (1Y) Largest decline over 1 year	-10.28%	-2.78%	-7.50%
Max Drawdown (3Y) Largest decline over 3 years	-20.49%	-4.16%	-16.33%
Max Drawdown (5Y) Largest decline over 5 years	-26.44%	—	—
Current Drawdown Current decline from peak	-3.55%	-0.33%	-3.22%
Average Drawdown Average peak-to-trough decline	-5.84%	-4.17%	-1.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.40%	0.81%	+1.59%

Volatility

ACLC vs. MUSI - Volatility Comparison

American Century Large Cap Equity ETF (ACLC) has a higher volatility of 4.74% compared to American Century Multisector Income ETF (MUSI) at 1.08%. This indicates that ACLC'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

	ACLC	MUSI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.74%	1.08%	+3.66%
Volatility (6M) Calculated over the trailing 6-month period	10.19%	2.73%	+7.46%
Volatility (1Y) Calculated over the trailing 1-year period	12.81%	3.37%	+9.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.27%	4.83%	+12.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.12%	4.83%	+12.29%

ACLC vs. MUSI - Expense Ratio Comparison

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

Dividends

ACLC vs. MUSI - Dividend Comparison

ACLC's dividend yield for the trailing twelve months is around 0.55%, less than MUSI's 5.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
ACLC American Century Large Cap Equity ETF	0.55%	0.64%	0.89%	1.09%	1.10%	0.72%	0.43%
MUSI American Century Multisector Income ETF	5.50%	5.74%	6.00%	5.20%	4.02%	1.62%	0.00%

Frequently Asked Questions

Can I hold both ACLC and MUSI in my portfolio?

ACLC and MUSI have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ACLC or MUSI?

ACLC has higher volatility (4.74%) compared to MUSI (1.08%). In terms of maximum drawdown, ACLC dropped -26.44% vs MUSI's -13.91%.

Which ETF is better, ACLC or MUSI?

On 3-year performance, ACLC leads with 15.91% vs 6.71% for MUSI. On fees, MUSI is cheaper at 0.36% per year. On volatility, MUSI has been the lower-risk option at 1.08%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ACLC or MUSI?

Over the 3-year period, ACLC has performed better with a 15.91% return vs 6.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ACLC or MUSI?

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

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

MUSI has the higher dividend yield at 5.50%, compared with 0.55% for ACLC.

What is the main difference between ACLC and MUSI?

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

Which has better risk-adjusted returns?

MUSI currently has the higher Sharpe Ratio (1.56 vs 1.25), 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.