MUSI vs. MDIV
Compare and contrast key facts about American Century Multisector Income ETF (MUSI) and First Trust Multi-Asset Diversified Income Index Fund (MDIV).
MUSI and MDIV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MUSI is an actively managed fund by American Century. It was launched on Jun 29, 2021. MDIV is a passively managed fund by First Trust that tracks the performance of the NASDAQ US Multi-Asset Diversified Income Index. It was launched on Aug 14, 2012.
Performance
MUSI vs. MDIV - Performance Comparison
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MUSI vs. MDIV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MUSI American Century Multisector Income ETF | -0.07% | 8.32% | 5.14% | 7.51% | -10.33% | 0.58% |
MDIV First Trust Multi-Asset Diversified Income Index Fund | 4.59% | 3.77% | 10.05% | 11.50% | -3.86% | 0.08% |
Returns By Period
In the year-to-date period, MUSI achieves a -0.07% return, which is significantly lower than MDIV's 4.59% return.
MUSI
- 1D
- 0.60%
- 1M
- -1.80%
- YTD
- -0.07%
- 6M
- 1.26%
- 1Y
- 5.87%
- 3Y*
- 5.93%
- 5Y*
- —
- 10Y*
- —
MDIV
- 1D
- 0.56%
- 1M
- -1.47%
- YTD
- 4.59%
- 6M
- 4.22%
- 1Y
- 5.41%
- 3Y*
- 10.12%
- 5Y*
- 6.28%
- 10Y*
- 5.01%
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MUSI vs. MDIV - Expense Ratio Comparison
MUSI has a 0.36% expense ratio, which is lower than MDIV's 0.73% expense ratio.
Return for Risk
MUSI vs. MDIV — Risk / Return Rank
MUSI
MDIV
MUSI vs. MDIV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century Multisector Income ETF (MUSI) and First Trust Multi-Asset Diversified Income Index Fund (MDIV). 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.
| MUSI | MDIV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.35 | 0.56 | +0.80 |
Sortino ratioReturn per unit of downside risk | 1.77 | 0.80 | +0.97 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.12 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 1.98 | 0.64 | +1.34 |
Martin ratioReturn relative to average drawdown | 8.07 | 2.58 | +5.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MUSI | MDIV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.35 | 0.56 | +0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.57 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.33 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.33 | +0.10 |
Correlation
The correlation between MUSI and MDIV is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
MUSI vs. MDIV - Dividend Comparison
MUSI's dividend yield for the trailing twelve months is around 5.74%, less than MDIV's 6.30% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MUSI American Century Multisector Income ETF | 5.74% | 5.74% | 6.00% | 5.20% | 4.02% | 1.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MDIV First Trust Multi-Asset Diversified Income Index Fund | 6.30% | 6.51% | 6.40% | 6.08% | 6.71% | 5.30% | 6.00% | 5.90% | 6.76% | 6.04% | 6.35% | 7.38% |
Drawdowns
MUSI vs. MDIV - Drawdown Comparison
The maximum MUSI drawdown since its inception was -13.91%, smaller than the maximum MDIV drawdown of -48.50%. Use the drawdown chart below to compare losses from any high point for MUSI and MDIV.
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Drawdown Indicators
| MUSI | MDIV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.91% | -48.50% | +34.59% |
Max Drawdown (1Y)Largest decline over 1 year | -2.99% | -8.84% | +5.85% |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.02% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.50% | — |
Current DrawdownCurrent decline from peak | -1.80% | -2.25% | +0.45% |
Average DrawdownAverage peak-to-trough decline | -4.33% | -4.64% | +0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.74% | 2.20% | -1.46% |
Volatility
MUSI vs. MDIV - Volatility Comparison
The current volatility for American Century Multisector Income ETF (MUSI) is 1.70%, while First Trust Multi-Asset Diversified Income Index Fund (MDIV) has a volatility of 2.11%. This indicates that MUSI experiences smaller price fluctuations and is considered to be less risky than MDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MUSI | MDIV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 2.11% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 2.27% | 4.82% | -2.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.35% | 9.73% | -5.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.88% | 11.02% | -6.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.88% | 15.27% | -10.39% |