MUSE vs. IBIC
MUSE (TCW Multisector Credit Income ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - MUSE is a Multisector Bonds fund actively managed by TCW, while IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index. MUSE is actively managed, while IBIC is passively managed. Over the past year, MUSE returned 7.80% vs 4.38% for IBIC. At a correlation of -0.14, they often move in opposite directions. MUSE charges 0.56%/yr vs 0.10%/yr for IBIC.
Performance
MUSE vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, MUSE achieves a 2.68% return, which is significantly higher than IBIC's 2.39% return.
MUSE
- 1D
- -0.14%
- 1M
- 0.98%
- YTD
- 2.68%
- 6M
- 3.06%
- 1Y
- 7.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBIC
- 1D
- 0.06%
- 1M
- 0.08%
- YTD
- 2.39%
- 6M
- 2.49%
- 1Y
- 4.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MUSE vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MUSE TCW Multisector Credit Income ETF | 2.68% | 8.25% | 0.34% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.39% | 4.96% | 0.51% |
Correlation
The correlation between MUSE and IBIC is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.16 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2024 | -0.14 |
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Return for Risk
MUSE vs. IBIC — Risk / Return Rank
MUSE
IBIC
MUSE vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TCW Multisector Credit Income ETF (MUSE) and iShares iBonds Oct 2026 Term TIPS ETF (IBIC). 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.
| MUSE | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.21 | ||
| Sortino ratioReturn per unit of downside risk | -4.52 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 2.21 | -0.59 |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | 16.41 | -13.33 |
| Martin ratioReturn relative to average drawdown | 11.45 | 58.11 | -46.66 |
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Drawdowns
MUSE vs. IBIC - Drawdown Comparison
The maximum MUSE drawdown since its inception was -3.63%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for MUSE and IBIC.
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Drawdown Indicators
| MUSE | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.63% | -0.90% | -2.73% |
Max Drawdown (1Y)Largest decline over 1 year | -2.54% | -0.27% | -2.27% |
Current DrawdownCurrent decline from peak | -0.14% | -0.11% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -0.41% | -0.10% | -0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 0.08% | +0.60% |
Volatility
MUSE vs. IBIC - Volatility Comparison
TCW Multisector Credit Income ETF (MUSE) has a higher volatility of 0.73% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.16%. This indicates that MUSE's price experiences larger fluctuations and is considered to be riskier than IBIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MUSE | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.73% | 0.16% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 2.46% | 0.67% | +1.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.87% | 0.89% | +1.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.84% | 1.57% | +2.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.84% | 1.57% | +2.27% |
MUSE vs. IBIC - Expense Ratio Comparison
MUSE has a 0.56% expense ratio, which is higher than IBIC's 0.10% expense ratio.
Dividends
MUSE vs. IBIC - Dividend Comparison
MUSE's dividend yield for the trailing twelve months is around 7.67%, more than IBIC's 3.59% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 3.59% | 4.43% | 4.65% | 0.83% |
MUSE TCW Multisector Credit Income ETF | 7.67% | 7.35% | 0.75% | 0.00% |
Frequently Asked Questions
MUSE and IBIC have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MUSE has higher volatility (0.73%) compared to IBIC (0.16%). In terms of maximum drawdown, MUSE dropped -3.63% vs IBIC's -0.90%.
On 1-year performance, MUSE leads with 7.80% vs 4.38% for IBIC. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.16%. 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 7.80% return vs 4.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIC is cheaper with a 0.10% expense ratio, compared with 0.56% for MUSE.
MUSE has the higher dividend yield at 7.67%, compared with 3.59% for IBIC.
MUSE is categorized as Multisector Bonds, while IBIC is Inflation-Protected Bonds. They also come from different issuers: TCW and iShares. Their fees differ too: 0.56% for MUSE and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (4.94 vs 2.73), 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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