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. A 0.69 correlation means they provide meaningful diversification when combined. 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 0.85% return, which is significantly lower than TMSF's 1.77% return.
MUSI
- 1D
- 0.09%
- 1M
- 0.59%
- YTD
- 0.85%
- 6M
- 1.07%
- 1Y
- 5.33%
- 3Y*
- 6.54%
- 5Y*
- —
- 10Y*
- —
TMSF
- 1D
- -0.05%
- 1M
- 0.55%
- YTD
- 1.77%
- 6M
- 2.12%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MUSI vs. TMSF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MUSI American Century Multisector Income ETF | 0.85% | 0.83% |
TMSF T. Rowe Price Multi-Sector Income ETF | 1.77% | 1.29% |
Correlation
The correlation between MUSI and TMSF is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025 | 0.69 |
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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 | 1.29 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | — | — |
| Martin ratioReturn relative to average drawdown | 6.63 | — | — |
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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 | -4.16% | — | — |
Current DrawdownCurrent decline from peak | -0.89% | -0.35% | -0.54% |
Average DrawdownAverage peak-to-trough decline | -4.18% | -0.37% | -3.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | — | — |
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 | 1.05% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.71% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.37% | 2.93% | +0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.84% | 2.93% | +1.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.84% | 2.93% | +1.91% |
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 5.53%, more than TMSF's 3.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
MUSI American Century Multisector Income ETF | 5.53% | 5.74% | 6.00% | 5.20% | 4.02% | 1.62% |
TMSF T. Rowe Price Multi-Sector Income ETF | 3.06% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MUSI and TMSF have a correlation of 0.69, 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 5.53%, compared with 3.06% 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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