MUST vs. BBSB
Compare and contrast key facts about Columbia Multi-Sector Municipal Income ETF (MUST) and Jpmorgan Betabuilders U.S. Treasury Bond 1-3 Year ETF (BBSB).
MUST and BBSB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MUST is a passively managed fund by Ameriprise Financial that tracks the performance of the Bloomberg Beta Advantage Multi-Sector Municipal Bond Index. It was launched on Oct 10, 2018. BBSB is a passively managed fund by JPMorgan that tracks the performance of the ICE BofA US Treasury Bond (1-3 Y). It was launched on Apr 19, 2023. Both MUST and BBSB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
MUST vs. BBSB - Performance Comparison
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MUST vs. BBSB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MUST Columbia Multi-Sector Municipal Income ETF | 0.02% | 4.92% | 0.37% | 3.58% |
BBSB Jpmorgan Betabuilders U.S. Treasury Bond 1-3 Year ETF | 0.28% | 5.12% | 4.00% | 2.56% |
Returns By Period
In the year-to-date period, MUST achieves a 0.02% return, which is significantly lower than BBSB's 0.28% return.
MUST
- 1D
- 0.34%
- 1M
- -2.40%
- YTD
- 0.02%
- 6M
- 1.52%
- 1Y
- 5.29%
- 3Y*
- 2.90%
- 5Y*
- 0.78%
- 10Y*
- —
BBSB
- 1D
- 0.09%
- 1M
- -0.45%
- YTD
- 0.28%
- 6M
- 1.38%
- 1Y
- 3.73%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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MUST vs. BBSB - Expense Ratio Comparison
MUST has a 0.23% expense ratio, which is higher than BBSB's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
MUST vs. BBSB — Risk / Return Rank
MUST
BBSB
MUST vs. BBSB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Multi-Sector Municipal Income ETF (MUST) and Jpmorgan Betabuilders U.S. Treasury Bond 1-3 Year ETF (BBSB). 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.
| MUST | BBSB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.81 | 2.57 | -1.76 |
Sortino ratioReturn per unit of downside risk | 1.10 | 4.14 | -3.04 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.54 | -0.38 |
Calmar ratioReturn relative to maximum drawdown | 1.17 | 4.43 | -3.27 |
Martin ratioReturn relative to average drawdown | 4.26 | 17.33 | -13.07 |
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
| MUST | BBSB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | 2.57 | -1.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 2.42 | -1.91 |
Correlation
The correlation between MUST and BBSB is 0.35, 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
MUST vs. BBSB - Dividend Comparison
MUST's dividend yield for the trailing twelve months is around 3.29%, less than BBSB's 3.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MUST Columbia Multi-Sector Municipal Income ETF | 3.29% | 3.28% | 3.13% | 2.51% | 1.76% | 1.62% | 2.33% | 2.70% | 0.55% |
BBSB Jpmorgan Betabuilders U.S. Treasury Bond 1-3 Year ETF | 3.88% | 3.69% | 4.84% | 3.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MUST vs. BBSB - Drawdown Comparison
The maximum MUST drawdown since its inception was -13.83%, which is greater than BBSB's maximum drawdown of -1.57%. Use the drawdown chart below to compare losses from any high point for MUST and BBSB.
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Drawdown Indicators
| MUST | BBSB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.83% | -1.57% | -12.26% |
Max Drawdown (1Y)Largest decline over 1 year | -4.56% | -0.86% | -3.70% |
Max Drawdown (5Y)Largest decline over 5 years | -13.83% | — | — |
Current DrawdownCurrent decline from peak | -2.49% | -0.45% | -2.04% |
Average DrawdownAverage peak-to-trough decline | -3.44% | -0.31% | -3.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 0.22% | +1.03% |
Volatility
MUST vs. BBSB - Volatility Comparison
Columbia Multi-Sector Municipal Income ETF (MUST) has a higher volatility of 1.84% compared to Jpmorgan Betabuilders U.S. Treasury Bond 1-3 Year ETF (BBSB) at 0.51%. This indicates that MUST's price experiences larger fluctuations and is considered to be riskier than BBSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MUST | BBSB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.84% | 0.51% | +1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 3.43% | 0.83% | +2.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.60% | 1.46% | +5.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.38% | 1.69% | +3.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.60% | 1.69% | +3.91% |