MUSI vs. MULT
MUSI (American Century Multisector Income ETF) and MULT (Franklin Multisector Income ETF) are both Multisector Bonds funds. Both are actively managed. Their 0.76 correlation means they have sometimes moved together and sometimes differently. MUSI charges 0.36%/yr vs 0.39%/yr for MULT.
Performance
MUSI vs. MULT - Performance Comparison
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Returns By Period
In the year-to-date period, MUSI achieves a 0.40% return, which is significantly lower than MULT's 0.88% return.
MUSI
- 1D
- 0.24%
- 1M
- -0.80%
- 6M
- 0.00%
- YTD
- 0.40%
- 1Y
- 3.47%
- 3Y*
- 6.25%
- 5Y*
- 2.05%
- 10Y*
- —
- ALL TIME*
- 2.05%
MULT
- 1D
- 0.18%
- 1M
- -0.46%
- 6M
- 0.68%
- YTD
- 0.88%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $7.60K | $5.80K | $5.03K | |
| $1.04M | $924.97K | $903.66K |
MUSI vs. MULT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MUSI American Century Multisector Income ETF | 0.40% | 2.18% |
MULT Franklin Multisector Income ETF | 0.88% | 2.14% |
Correlation
The correlation between MUSI and MULT is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 28, 2025 | 0.76 |
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Return for Risk
MUSI vs. MULT — Risk / Return Rank
MUSI
MULT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MUSI vs. MULT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century Multisector Income ETF (MUSI) and Franklin Multisector Income ETF (MULT). 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.
| MUSI | MULT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.18 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | — | — |
| Martin ratioReturn relative to average drawdown | 3.96 | — | — |
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Drawdowns
MUSI vs. MULT - Drawdown Comparison
The maximum MUSI drawdown since its inception was -13.91%, which is greater than MULT's maximum drawdown of -1.70%. Use the drawdown chart below to compare losses from any high point for MUSI and MULT.
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Drawdown Indicators
| MUSI | MULT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.91% | -1.70% | -12.21% |
Max Drawdown (1Y)Largest decline over 1 year | -2.78% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -3.59% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -13.91% | — | — |
Current DrawdownCurrent decline from peak | -1.34% | -0.50% | -0.84% |
Average DrawdownAverage peak-to-trough decline | -4.11% | -0.32% | -3.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | — | — |
Volatility
MUSI vs. MULT - Volatility Comparison
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Volatility by Period
| MUSI | MULT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.85% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.41% | 2.93% | +0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.85% | 2.93% | +1.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.81% | 2.93% | +1.88% |
MUSI vs. MULT - Expense Ratio Comparison
MUSI has a 0.36% expense ratio, which is lower than MULT's 0.39% expense ratio.
Dividends
MUSI vs. MULT - Dividend Comparison
MUSI's dividend yield for the trailing twelve months is around 4.99%, more than MULT's 4.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
MULT Franklin Multisector Income ETF | 4.25% | 1.56% | 0.00% | 0.00% | 0.00% | 0.00% |
MUSI American Century Multisector Income ETF | 4.99% | 5.74% | 6.00% | 5.20% | 4.02% | 1.62% |
Frequently Asked Questions
MUSI and MULT have a correlation of 0.76, 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 4.99%, compared with 4.25% for MULT.
They also come from different issuers: American Century and Franklin. Their fees differ too: 0.36% for MUSI and 0.39% for MULT.
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