MULT vs. MUSI
MULT (Franklin Multisector Income ETF) and MUSI (American Century Multisector Income ETF) are both Multisector Bonds funds. Both are actively managed. A 0.73 correlation means they provide meaningful diversification when combined. MULT charges 0.39%/yr vs 0.36%/yr for MUSI.
Performance
MULT vs. MUSI - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with MULT having a 0.88% return and MUSI slightly lower at 0.85%.
MULT
- 1D
- -0.14%
- 1M
- 0.54%
- YTD
- 0.88%
- 6M
- 1.12%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MUSI
- 1D
- 0.09%
- 1M
- 0.59%
- YTD
- 0.85%
- 6M
- 1.07%
- 1Y
- 5.33%
- 3Y*
- 6.54%
- 5Y*
- —
- 10Y*
- —
MULT vs. MUSI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MULT Franklin Multisector Income ETF | 0.88% | 2.14% |
MUSI American Century Multisector Income ETF | 0.85% | 2.18% |
Correlation
The correlation between MULT and MUSI is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 28, 2025 | 0.73 |
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Return for Risk
MULT vs. MUSI — Risk / Return Rank
MULT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MUSI
MULT vs. MUSI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Multisector Income ETF (MULT) 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.
| MULT | MUSI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.29 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.92 | — |
| Martin ratioReturn relative to average drawdown | — | 6.63 | — |
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Drawdowns
MULT vs. MUSI - Drawdown Comparison
The maximum MULT drawdown since its inception was -1.70%, smaller than the maximum MUSI drawdown of -13.91%. Use the drawdown chart below to compare losses from any high point for MULT and MUSI.
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Drawdown Indicators
| MULT | MUSI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.70% | -13.91% | +12.21% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.78% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.16% | — |
Current DrawdownCurrent decline from peak | -0.43% | -0.89% | +0.46% |
Average DrawdownAverage peak-to-trough decline | -0.32% | -4.18% | +3.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.81% | — |
Volatility
MULT vs. MUSI - Volatility Comparison
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Volatility by Period
| MULT | MUSI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.05% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.71% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.95% | 3.37% | -0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.95% | 4.84% | -1.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.95% | 4.84% | -1.89% |
MULT vs. MUSI - Expense Ratio Comparison
MULT has a 0.39% expense ratio, which is higher than MUSI's 0.36% expense ratio.
Dividends
MULT vs. MUSI - Dividend Comparison
MULT's dividend yield for the trailing twelve months is around 3.41%, less than MUSI's 5.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
MULT Franklin Multisector Income ETF | 3.41% | 1.56% | 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
MULT and MUSI have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
MUSI is cheaper with a 0.36% expense ratio, compared with 0.39% for MULT.
MUSI has the higher dividend yield at 5.53%, compared with 3.41% for MULT.
They also come from different issuers: Franklin and American Century. Their fees differ too: 0.39% for MULT and 0.36% for MUSI.
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