FLXI vs. MUSE
FLXI (Invesco Flexible Income ETF) and MUSE (TCW Multisector Credit Income ETF) are both Multisector Bonds funds. Both are actively managed. At a 0.49 correlation, their price movements are largely independent. FLXI charges 0.39%/yr vs 0.56%/yr for MUSE.
Performance
FLXI vs. MUSE - Performance Comparison
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Returns By Period
FLXI
- 1D
- -0.08%
- 1M
- 0.21%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MUSE
- 1D
- -0.02%
- 1M
- 0.10%
- 6M
- 2.16%
- YTD
- 2.90%
- 1Y
- 7.10%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FLXI vs. MUSE - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
FLXI Invesco Flexible Income ETF | 8,627.27% |
MUSE TCW Multisector Credit Income ETF | 2.20% |
Correlation
The correlation between FLXI and MUSE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 6, 2026 | 0.49 |
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Return for Risk
FLXI vs. MUSE — Risk / Return Rank
FLXI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MUSE
FLXI vs. MUSE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Flexible Income ETF (FLXI) 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.
| FLXI | MUSE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.57 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.81 | — |
| Martin ratioReturn relative to average drawdown | — | 10.42 | — |
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Drawdowns
FLXI vs. MUSE - Drawdown Comparison
The maximum FLXI drawdown since its inception was -3.52%, roughly equal to the maximum MUSE drawdown of -3.63%. Use the drawdown chart below to compare losses from any high point for FLXI and MUSE.
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Drawdown Indicators
| FLXI | MUSE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.52% | -3.63% | +0.11% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.54% | — |
Current DrawdownCurrent decline from peak | -1.04% | -0.02% | -1.02% |
Average DrawdownAverage peak-to-trough decline | -1.21% | -0.40% | -0.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.68% | — |
Volatility
FLXI vs. MUSE - Volatility Comparison
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Volatility by Period
| FLXI | MUSE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.43% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.45% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13,130.79% | 2.84% | +13,127.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13,130.79% | 3.77% | +13,127.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13,130.79% | 3.77% | +13,127.02% |
FLXI vs. MUSE - Expense Ratio Comparison
FLXI has a 0.39% expense ratio, which is lower than MUSE's 0.56% expense ratio.
Dividends
FLXI vs. MUSE - Dividend Comparison
FLXI's dividend yield for the trailing twelve months is around 1.70%, less than MUSE's 7.70% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FLXI Invesco Flexible Income ETF | 1.70% | 0.00% | 0.00% |
MUSE TCW Multisector Credit Income ETF | 7.70% | 7.35% | 0.75% |
Frequently Asked Questions
FLXI and MUSE have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLXI is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLXI is cheaper with a 0.39% expense ratio, compared with 0.56% for MUSE.
MUSE has the higher dividend yield at 7.70%, compared with 1.70% for FLXI.
They also come from different issuers: Invesco and TCW. Their fees differ too: 0.39% for FLXI and 0.56% for MUSE.
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