MUSI vs. TMSF
MUSI (American Century Multisector Income ETF) and TMSF (T. Rowe Price Multi-Sector Income ETF) are both Multisector Bonds funds. Both are actively managed. Their 0.74 correlation means they have sometimes moved together and sometimes differently. MUSI charges 0.36%/yr vs 0.37%/yr for TMSF.
Performance
MUSI vs. TMSF - 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 TMSF's 2.33% 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%
TMSF
- 1D
- 0.23%
- 1M
- 0.01%
- 6M
- 1.74%
- YTD
- 2.33%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.04M | $924.97K | $903.66K | |
| $79.17K | $45.21K | $39.18K |
MUSI vs. TMSF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MUSI American Century Multisector Income ETF | 0.40% | 0.83% |
TMSF T. Rowe Price Multi-Sector Income ETF | 2.33% | 1.29% |
Correlation
The correlation between MUSI and TMSF is 0.74, 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 Nov 20, 2025 | 0.74 |
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Return for Risk
MUSI vs. TMSF — Risk / Return Rank
MUSI
TMSF
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MUSI vs. TMSF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century Multisector Income ETF (MUSI) and T. Rowe Price Multi-Sector Income ETF (TMSF). 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 | TMSF | 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. TMSF - Drawdown Comparison
The maximum MUSI drawdown since its inception was -13.91%, which is greater than TMSF's maximum drawdown of -2.28%. Use the drawdown chart below to compare losses from any high point for MUSI and TMSF.
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Drawdown Indicators
| MUSI | TMSF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.91% | -2.28% | -11.63% |
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% | -0.17% | -1.17% |
Average DrawdownAverage peak-to-trough decline | -4.11% | -0.35% | -3.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | — | — |
Volatility
MUSI vs. TMSF - Volatility Comparison
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Volatility by Period
| MUSI | TMSF | 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% | 2.82% | +0.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.85% | 2.82% | +2.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.81% | 2.82% | +1.99% |
MUSI vs. TMSF - Expense Ratio Comparison
MUSI has a 0.36% expense ratio, which is lower than TMSF's 0.37% expense ratio.
Dividends
MUSI vs. TMSF - Dividend Comparison
MUSI's dividend yield for the trailing twelve months is around 4.99%, more than TMSF's 3.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
MUSI American Century Multisector Income ETF | 4.99% | 5.74% | 6.00% | 5.20% | 4.02% | 1.62% |
TMSF T. Rowe Price Multi-Sector Income ETF | 3.76% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MUSI and TMSF have a correlation of 0.74, 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 0.37% for TMSF.
MUSI has the higher dividend yield at 4.99%, compared with 3.76% for TMSF.
They also come from different issuers: American Century and T. Rowe Price. Their fees differ too: 0.36% for MUSI and 0.37% for TMSF.
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