MUSE vs. VGMS

Last updated Apr 16, 2026

MUSE (TCW Multisector Credit Income ETF) and VGMS (Vanguard Multi-Sector Income Bond ETF) are both Multisector Bonds funds. Both are actively managed. At 0.43, their price movements are largely independent. MUSE charges 0.56%/yr vs 0.30%/yr for VGMS.

Performance

MUSE vs. VGMS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TCW Multisector Credit Income ETF (MUSE) and Vanguard Multi-Sector Income Bond ETF (VGMS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

As of year-to-date, both investments have demonstrated similar returns, with MUSE at 1.09% and VGMS at 1.09%.

MUSE

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

VGMS

• 1D: -0.13%
• 1M: 1.30%
• YTD: 1.09%
• 6M: 2.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MUSE vs. VGMS - Yearly Performance Comparison

	2026 (YTD)	2025
MUSE TCW Multisector Credit Income ETF	1.09%	5.40%
VGMS Vanguard Multi-Sector Income Bond ETF	1.09%	5.44%

Correlation

The correlation between MUSE and VGMS is 0.43, 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 Jun 12, 2025	0.43

Return for Risk

MUSE vs. VGMS — Risk / Return Rank

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

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.

MUSE vs. VGMS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TCW Multisector Credit Income ETF (MUSE) and Vanguard Multi-Sector Income Bond ETF (VGMS). 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.

	MUSE	VGMS	Difference
Sharpe ratio Return per unit of total volatility	2.77	—	—
Sortino ratio Return per unit of downside risk	4.21	—	—
Omega ratio Gain probability vs. loss probability	1.70	—	—
Calmar ratio Return relative to maximum drawdown	4.46	—	—
Martin ratio Return relative to average drawdown	16.32	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MUSE	VGMS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.77	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.75	2.52	-0.77

Drawdowns

MUSE vs. VGMS - Drawdown Comparison

The maximum MUSE drawdown since its inception was -3.63%, which is greater than VGMS's maximum drawdown of -2.46%. Use the drawdown chart below to compare losses from any high point for MUSE and VGMS.

Drawdown Indicators

	MUSE	VGMS	Difference
Max Drawdown Largest peak-to-trough decline	-3.63%	-2.46%	-1.17%
Max Drawdown (1Y) Largest decline over 1 year	-2.54%	—	—
Current Drawdown Current decline from peak	-0.46%	-0.16%	-0.30%
Average Drawdown Average peak-to-trough decline	-0.44%	-0.29%	-0.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.69%	—	—

Volatility

Volatility by Period

	MUSE	VGMS	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.43%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.32%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.50%	3.14%	+0.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.98%	3.14%	+0.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.98%	3.14%	+0.84%

MUSE vs. VGMS - Expense Ratio Comparison

MUSE has a 0.56% expense ratio, which is higher than VGMS's 0.30% expense ratio.

Dividends

MUSE vs. VGMS - Dividend Comparison

MUSE's dividend yield for the trailing twelve months is around 7.60%, more than VGMS's 4.24% yield.

	TTM	2025	2024
MUSE TCW Multisector Credit Income ETF	7.60%	7.35%	0.75%
VGMS Vanguard Multi-Sector Income Bond ETF	4.24%	2.94%	0.00%