MUST vs. SGVT

Last updated Apr 1, 2026

Compare and contrast key facts about Columbia Multi-Sector Municipal Income ETF (MUST) and Schwab Government Money Market ETF (SGVT).

MUST and SGVT 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. SGVT is an actively managed fund by Charles Schwab. It was launched on Jun 12, 2025.

Performance

MUST vs. SGVT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Multi-Sector Municipal Income ETF (MUST) and Schwab Government Money Market ETF (SGVT). The values are adjusted to include any dividend payments, if applicable.

MUST vs. SGVT - Yearly Performance Comparison

	2026 (YTD)	2025
MUST Columbia Multi-Sector Municipal Income ETF	0.02%	5.19%
SGVT Schwab Government Money Market ETF	0.81%	2.22%

Returns By Period

In the year-to-date period, MUST achieves a 0.02% return, which is significantly lower than SGVT's 0.81% return.

MUST

• 1D: 0.34%
• 1M: -2.40%
• YTD: 0.02%
• 6M: 1.52%
• 1Y: 5.29%
• 3Y*: 2.90%
• 5Y*: 0.78%
• 10Y*: —

SGVT

• 1D: 0.01%
• 1M: 0.27%
• YTD: 0.81%
• 6M: 1.78%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MUST vs. SGVT - Expense Ratio Comparison

MUST has a 0.23% expense ratio, which is lower than SGVT's 0.28% expense ratio.

SGVT

Schwab Government Money Market ETF

MUST

Columbia Multi-Sector Municipal Income ETF

Return for Risk

MUST vs. SGVT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MUST

MUST Risk / Return Rank: 44
MUST Sharpe Ratio Rank: 45
MUST Sortino Ratio Rank: 40
MUST Omega Ratio Rank: 42
MUST Calmar Ratio Rank: 47
MUST Martin Ratio Rank: 45

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MUST vs. SGVT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Multi-Sector Municipal Income ETF (MUST) and Schwab Government Money Market ETF (SGVT). 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	SGVT	Difference
Sharpe ratio Return per unit of total volatility	0.81	—	—
Sortino ratio Return per unit of downside risk	1.10	—	—
Omega ratio Gain probability vs. loss probability	1.16	—	—
Calmar ratio Return relative to maximum drawdown	1.17	—	—
Martin ratio Return relative to average drawdown	4.26	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MUST	SGVT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.81	—	—
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	18.85	-18.34

Correlation

The correlation between MUST and SGVT is -0.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

MUST vs. SGVT - Dividend Comparison

MUST's dividend yield for the trailing twelve months is around 3.29%, more than SGVT's 2.30% 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%
SGVT Schwab Government Money Market ETF	2.30%	1.73%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

MUST vs. SGVT - Drawdown Comparison

The maximum MUST drawdown since its inception was -13.83%, which is greater than SGVT's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for MUST and SGVT.

Drawdown Indicators

	MUST	SGVT	Difference
Max Drawdown Largest peak-to-trough decline	-13.83%	-0.03%	-13.80%
Max Drawdown (1Y) Largest decline over 1 year	-4.56%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-13.83%	—	—
Current Drawdown Current decline from peak	-2.49%	0.00%	-2.49%
Average Drawdown Average peak-to-trough decline	-3.44%	0.00%	-3.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.25%	—	—

Volatility

Volatility by Period

	MUST	SGVT	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.84%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.43%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	6.60%	0.21%	+6.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.38%	0.21%	+5.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.60%	0.21%	+5.39%