DYNB vs. MUSI

Last updated Jun 5, 2026

DYNB (Hartford Dynamic Bond ETF) and MUSI (American Century Multisector Income ETF) are both Multisector Bonds funds. Both are actively managed. Their correlation of 0.92 suggests significant overlap in exposure. DYNB charges 0.60%/yr vs 0.36%/yr for MUSI.

Performance

DYNB vs. MUSI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford Dynamic Bond ETF (DYNB) 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, DYNB achieves a 0.40% return, which is significantly lower than MUSI's 0.76% return.

DYNB

• 1D: 0.18%
• 1M: 0.17%
• YTD: 0.40%
• 6M: 0.47%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MUSI

• 1D: 0.16%
• 1M: 0.28%
• YTD: 0.76%
• 6M: 1.01%
• 1Y: 5.62%
• 3Y*: 6.36%
• 5Y*: —
• 10Y*: —

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

DYNB vs. MUSI - Yearly Performance Comparison

	2026 (YTD)	2025
DYNB Hartford Dynamic Bond ETF	0.40%	0.54%
MUSI American Century Multisector Income ETF	0.76%	1.24%

Correlation

The correlation between DYNB and MUSI is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 25, 2025	0.92

Return for Risk

DYNB vs. MUSI — Risk / Return Rank

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

MUSI

MUSI Risk / Return Rank: 49
MUSI Sharpe Ratio Rank: 50
MUSI Sortino Ratio Rank: 54
MUSI Omega Ratio Rank: 51
MUSI Calmar Ratio Rank: 42
MUSI Martin Ratio Rank: 46

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.

DYNB vs. MUSI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford Dynamic Bond ETF (DYNB) 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.

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

Sharpe Ratios by Period

	DYNB	MUSI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.71	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.45	+0.02

Drawdowns

DYNB vs. MUSI - Drawdown Comparison

The maximum DYNB drawdown since its inception was -2.61%, smaller than the maximum MUSI drawdown of -13.91%. Use the drawdown chart below to compare losses from any high point for DYNB and MUSI.

Drawdown Indicators

	DYNB	MUSI	Difference
Max Drawdown Largest peak-to-trough decline	-2.61%	-13.91%	+11.30%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.78%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-4.16%	—
Current Drawdown Current decline from peak	-0.93%	-0.98%	+0.05%
Average Drawdown Average peak-to-trough decline	-0.63%	-4.22%	+3.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.78%	—

Volatility

Volatility by Period

	DYNB	MUSI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.23%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.60%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.87%	3.34%	-0.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.87%	4.84%	-1.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.87%	4.84%	-1.97%

DYNB vs. MUSI - Expense Ratio Comparison

DYNB has a 0.60% expense ratio, which is higher than MUSI's 0.36% expense ratio.

Dividends

DYNB vs. MUSI - Dividend Comparison

DYNB's dividend yield for the trailing twelve months is around 2.64%, less than MUSI's 5.53% yield.

Position	TTM	2025	2024	2023	2022	2021
DYNB Hartford Dynamic Bond ETF	2.64%	1.03%	0.00%	0.00%	0.00%	0.00%
MUSI American Century Multisector Income ETF	5.53%	5.74%	6.00%	5.20%	4.02%	1.62%

Frequently Asked Questions

Can I hold both DYNB and MUSI in my portfolio?

With a correlation of 0.92, DYNB and MUSI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, DYNB or MUSI?

On fees, MUSI is cheaper at 0.36% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DYNB or MUSI?

MUSI is cheaper with a 0.36% expense ratio, compared with 0.60% for DYNB.

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

MUSI has the higher dividend yield at 5.53%, compared with 2.64% for DYNB.

What is the main difference between DYNB and MUSI?

They also come from different issuers: Hartford Funds and American Century. Their fees differ too: 0.60% for DYNB and 0.36% for MUSI.