BLUI vs. MUSE
BLUI (Bluemonte Diversified Income ETF) and MUSE (TCW Multisector Credit Income ETF) are both Multisector Bonds funds. Over the past year, BLUI returned 7.12% vs 7.44% for MUSE. At a 0.38 correlation, their price movements are largely independent. BLUI charges 0.75%/yr vs 0.56%/yr for MUSE.
Performance
BLUI vs. MUSE - Performance Comparison
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Returns By Period
In the year-to-date period, BLUI achieves a 3.62% return, which is significantly higher than MUSE's 2.60% return.
BLUI
- 1D
- -0.03%
- 1M
- 0.00%
- YTD
- 3.62%
- 6M
- 3.51%
- 1Y
- 7.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MUSE
- 1D
- 0.01%
- 1M
- 0.90%
- YTD
- 2.60%
- 6M
- 2.77%
- 1Y
- 7.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BLUI vs. MUSE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BLUI Bluemonte Diversified Income ETF | 3.62% | 3.60% |
MUSE TCW Multisector Credit Income ETF | 2.60% | 4.99% |
Correlation
The correlation between BLUI and MUSE is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2025 | 0.38 |
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Return for Risk
BLUI vs. MUSE — Risk / Return Rank
BLUI
MUSE
BLUI vs. MUSE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bluemonte Diversified Income ETF (BLUI) 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.
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.
| BLUI | MUSE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.59 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | 2.94 | 0.00 |
| Martin ratioReturn relative to average drawdown | 12.85 | 10.92 | +1.93 |
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Drawdowns
BLUI vs. MUSE - Drawdown Comparison
The maximum BLUI drawdown since its inception was -2.43%, smaller than the maximum MUSE drawdown of -3.63%. Use the drawdown chart below to compare losses from any high point for BLUI and MUSE.
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Drawdown Indicators
| BLUI | MUSE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.43% | -3.63% | +1.20% |
Max Drawdown (1Y)Largest decline over 1 year | -2.43% | -2.54% | +0.11% |
Current DrawdownCurrent decline from peak | -0.16% | -0.22% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -0.36% | -0.41% | +0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 0.68% | -0.12% |
Volatility
BLUI vs. MUSE - Volatility Comparison
Bluemonte Diversified Income ETF (BLUI) has a higher volatility of 1.06% compared to TCW Multisector Credit Income ETF (MUSE) at 0.73%. This indicates that BLUI's price experiences larger fluctuations and is considered to be riskier than MUSE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BLUI | MUSE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 0.73% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 3.08% | 2.45% | +0.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.90% | 2.87% | +1.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.90% | 3.83% | +0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.90% | 3.83% | +0.07% |
BLUI vs. MUSE - Expense Ratio Comparison
BLUI has a 0.75% expense ratio, which is higher than MUSE's 0.56% expense ratio.
Dividends
BLUI vs. MUSE - Dividend Comparison
BLUI's dividend yield for the trailing twelve months is around 4.70%, less than MUSE's 7.68% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BLUI Bluemonte Diversified Income ETF | 4.70% | 2.91% | 0.00% |
MUSE TCW Multisector Credit Income ETF | 7.68% | 7.35% | 0.75% |
Frequently Asked Questions
BLUI and MUSE have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BLUI has higher volatility (1.06%) compared to MUSE (0.73%). In terms of maximum drawdown, BLUI dropped -2.43% vs MUSE's -3.63%.
On 1-year performance, MUSE leads with 7.44% vs 7.12% for BLUI. On fees, MUSE is cheaper at 0.56% per year. On volatility, MUSE has been the lower-risk option at 0.73%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MUSE has performed better with a 7.44% return vs 7.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MUSE is cheaper with a 0.56% expense ratio, compared with 0.75% for BLUI.
MUSE has the higher dividend yield at 7.68%, compared with 4.70% for BLUI.
They also come from different issuers: Bluemonte and TCW. Their fees differ too: 0.75% for BLUI and 0.56% for MUSE.
MUSE currently has the higher Sharpe Ratio (2.61 vs 1.84), 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.
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