MUST vs. SPCX

Last updated Aug 2, 2026

MUST (Columbia Multi-Sector Municipal Income ETF) is Money Market fund tracking the Bloomberg Beta Advantage Multi-Sector Municipal Bond Index, while SPCX (Space Exploration Technologies Corp. (SpaceX)) is a stock. Their -0.01 correlation means they have often moved in opposite directions in the past.

Performance

MUST vs. SPCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Multi-Sector Municipal Income ETF (MUST) and Space Exploration Technologies Corp. (SpaceX) (SPCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MUST

• 1D: 0.30%
• 1M: -1.98%
• 6M: -1.19%
• YTD: 0.25%
• 1Y: 4.44%
• 3Y*: 2.94%
• 5Y*: 0.35%
• 10Y*: —
• ALL TIME*: 2.77%

SPCX

• 1D: -3.41%
• 1M: -33.10%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MUST Columbia Multi-Sector Municipal Income ETF	$2.71M	$2.64M	$2.36M
SPCX Space Exploration Technologies Corp. (SpaceX)	$7.83B	$9.34B	$18.22B

MUST vs. SPCX - Yearly Performance Comparison

	2026 (YTD)
MUST Columbia Multi-Sector Municipal Income ETF	-1.16%
SPCX Space Exploration Technologies Corp. (SpaceX)	-27.75%

Correlation

The correlation between MUST and SPCX is -0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 12, 2026	-0.01

Return for Risk

MUST vs. SPCX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MUST

MUST Risk / Return Rank: 41
MUST Sharpe Ratio Rank: 39
MUST Sortino Ratio Rank: 39
MUST Omega Ratio Rank: 38
MUST Calmar Ratio Rank: 47
MUST Martin Ratio Rank: 40

SPCX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MUST vs. SPCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Multi-Sector Municipal Income ETF (MUST) and Space Exploration Technologies Corp. (SpaceX) (SPCX). 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.

	MUST	SPCX	Difference
Sharpe ratio: Return per unit of total volatility	1.00	—	—
Sortino ratio: Return per unit of downside risk	1.46	—	—
Omega ratio: Gain probability vs. loss probability	1.18	—	—
Calmar ratio: Return relative to maximum drawdown	1.70	—	—
Martin ratio: Return relative to average drawdown	4.25	—	—

Drawdowns

MUST vs. SPCX - Drawdown Comparison

The maximum MUST drawdown since its inception was -13.83%, smaller than the maximum SPCX drawdown of -46.30%. Use the drawdown chart below to compare losses from any high point for MUST and SPCX.

Drawdown Indicators

	MUST	SPCX	Difference
Max Drawdown Largest peak-to-trough decline	-13.83%	-46.30%	+32.47%
Max Drawdown (1Y) Largest decline over 1 year	-3.01%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-5.43%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-13.75%	—	—
Current Drawdown Current decline from peak	-2.26%	-46.30%	+44.04%
Average Drawdown Average peak-to-trough decline	-3.36%	-27.35%	+23.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.21%	—	—

Volatility

Volatility by Period

	MUST	SPCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.66%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.74%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.13%	93.07%	-87.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.50%	93.07%	-87.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.59%	93.07%	-87.48%

Dividends

MUST vs. SPCX - Dividend Comparison

MUST's dividend yield for the trailing twelve months is around 3.39%, while SPCX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
MUST Columbia Multi-Sector Municipal Income ETF	3.10%	3.28%	3.13%	2.51%	1.76%	1.62%	2.33%	2.70%	0.55%
SPCX Space Exploration Technologies Corp. (SpaceX)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MUST and SPCX in my portfolio?

MUST and SPCX have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.