DMX vs. MUSE

Last updated Apr 16, 2026

DMX (DoubleLine Multi-Sector Income ETF) and MUSE (TCW Multisector Credit Income ETF) are both Multisector Bonds funds. Both are actively managed. Over the past year, DMX returned 8.65% vs 9.59% for MUSE. At 0.47, their price movements are largely independent. DMX charges 0.50%/yr vs 0.56%/yr for MUSE.

Performance

DMX vs. MUSE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DoubleLine Multi-Sector Income ETF (DMX) 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, DMX achieves a 1.02% return, which is significantly lower than MUSE's 1.09% return.

DMX

• 1D: 0.00%
• 1M: 1.05%
• YTD: 1.02%
• 6M: 2.61%
• 1Y: 8.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MUSE

• 1D: 0.05%
• 1M: 1.66%
• YTD: 1.09%
• 6M: 2.50%
• 1Y: 9.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DMX vs. MUSE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DMX DoubleLine Multi-Sector Income ETF	1.02%	7.23%	-0.04%
MUSE TCW Multisector Credit Income ETF	1.09%	8.25%	-0.59%

Correlation

The correlation between DMX and MUSE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024	0.47

Return for Risk

DMX vs. MUSE — Risk / Return Rank

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

DMX

DMX Risk / Return Rank: 95
DMX Sharpe Ratio Rank: 94
DMX Sortino Ratio Rank: 97
DMX Omega Ratio Rank: 97
DMX Calmar Ratio Rank: 94
DMX Martin Ratio Rank: 95

MUSE

MUSE Risk / Return Rank: 83
MUSE Sharpe Ratio Rank: 81
MUSE Sortino Ratio Rank: 87
MUSE Omega Ratio Rank: 94
MUSE Calmar Ratio Rank: 78
MUSE Martin Ratio Rank: 76

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.

DMX vs. MUSE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DoubleLine Multi-Sector Income ETF (DMX) 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.

	DMX	MUSE	Difference
Sharpe ratio Return per unit of total volatility	3.71	2.77	+0.95
Sortino ratio Return per unit of downside risk	6.27	4.21	+2.06
Omega ratio Gain probability vs. loss probability	1.88	1.70	+0.18
Calmar ratio Return relative to maximum drawdown	7.05	4.46	+2.59
Martin ratio Return relative to average drawdown	30.71	16.32	+14.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DMX vs. MUSE - Sharpe Ratio Comparison

The current DMX Sharpe Ratio is 3.71, which is higher than the MUSE Sharpe Ratio of 2.77. The chart below compares the historical Sharpe Ratios of DMX and MUSE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DMX	MUSE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.71	2.77	+0.95
Sharpe Ratio (All Time) Calculated using the full available price history	1.91	1.75	+0.15

Drawdowns

DMX vs. MUSE - Drawdown Comparison

The maximum DMX drawdown since its inception was -2.65%, smaller than the maximum MUSE drawdown of -3.63%. Use the drawdown chart below to compare losses from any high point for DMX and MUSE.

Drawdown Indicators

	DMX	MUSE	Difference
Max Drawdown Largest peak-to-trough decline	-2.65%	-3.63%	+0.98%
Max Drawdown (1Y) Largest decline over 1 year	-1.28%	-2.54%	+1.26%
Current Drawdown Current decline from peak	0.00%	-0.46%	+0.46%
Average Drawdown Average peak-to-trough decline	-0.25%	-0.44%	+0.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.29%	0.69%	-0.40%

Volatility

DMX vs. MUSE - Volatility Comparison

The current volatility for DoubleLine Multi-Sector Income ETF (DMX) is 0.97%, while TCW Multisector Credit Income ETF (MUSE) has a volatility of 1.43%. This indicates that DMX experiences smaller price fluctuations and is considered to be less risky than MUSE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DMX	MUSE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.97%	1.43%	-0.46%
Volatility (6M) Calculated over the trailing 6-month period	1.60%	2.32%	-0.72%
Volatility (1Y) Calculated over the trailing 1-year period	2.35%	3.50%	-1.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.19%	3.98%	-0.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.19%	3.98%	-0.79%

DMX vs. MUSE - Expense Ratio Comparison

DMX has a 0.50% expense ratio, which is lower than MUSE's 0.56% expense ratio.

Dividends

DMX vs. MUSE - Dividend Comparison

DMX's dividend yield for the trailing twelve months is around 5.79%, less than MUSE's 7.60% yield.

	TTM	2025	2024
DMX DoubleLine Multi-Sector Income ETF	5.79%	5.96%	0.42%
MUSE TCW Multisector Credit Income ETF	7.60%	7.35%	0.75%