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MUST vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


MUSTSPY
YTD Return-1.20%5.60%
1Y Return1.99%23.55%
3Y Return (Ann)-1.11%7.83%
5Y Return (Ann)1.73%13.05%
Sharpe Ratio0.441.91
Daily Std Dev5.23%11.63%
Max Drawdown-13.83%-55.19%
Current Drawdown-4.93%-4.36%

Correlation

-0.50.00.51.00.1

The correlation between MUST and SPY is 0.06, 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.

Performance

MUST vs. SPY - Performance Comparison

In the year-to-date period, MUST achieves a -1.20% return, which is significantly lower than SPY's 5.60% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%20.00%40.00%60.00%80.00%100.00%December2024FebruaryMarchAprilMay
15.79%
96.84%
MUST
SPY

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Columbia Multi-Sector Municipal Income ETF

SPDR S&P 500 ETF

MUST vs. SPY - Expense Ratio Comparison

MUST has a 0.23% expense ratio, which is higher than SPY's 0.09% 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%.


MUST
Columbia Multi-Sector Municipal Income ETF
Expense ratio chart for MUST: current value at 0.23% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.23%
Expense ratio chart for SPY: current value at 0.09% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.09%

Risk-Adjusted Performance

MUST vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Multi-Sector Municipal Income ETF (MUST) and SPDR S&P 500 ETF (SPY). 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
Sharpe ratio
The chart of Sharpe ratio for MUST, currently valued at 0.44, compared to the broader market-1.000.001.002.003.004.005.000.44
Sortino ratio
The chart of Sortino ratio for MUST, currently valued at 0.66, compared to the broader market-2.000.002.004.006.008.000.66
Omega ratio
The chart of Omega ratio for MUST, currently valued at 1.08, compared to the broader market0.501.001.502.002.501.08
Calmar ratio
The chart of Calmar ratio for MUST, currently valued at 0.19, compared to the broader market0.002.004.006.008.0010.0012.000.19
Martin ratio
The chart of Martin ratio for MUST, currently valued at 1.03, compared to the broader market0.0020.0040.0060.001.03
SPY
Sharpe ratio
The chart of Sharpe ratio for SPY, currently valued at 1.91, compared to the broader market-1.000.001.002.003.004.005.001.91
Sortino ratio
The chart of Sortino ratio for SPY, currently valued at 2.75, compared to the broader market-2.000.002.004.006.008.002.75
Omega ratio
The chart of Omega ratio for SPY, currently valued at 1.33, compared to the broader market0.501.001.502.002.501.33
Calmar ratio
The chart of Calmar ratio for SPY, currently valued at 1.64, compared to the broader market0.002.004.006.008.0010.0012.001.64
Martin ratio
The chart of Martin ratio for SPY, currently valued at 7.69, compared to the broader market0.0020.0040.0060.007.69

MUST vs. SPY - Sharpe Ratio Comparison

The current MUST Sharpe Ratio is 0.44, which is lower than the SPY Sharpe Ratio of 1.91. The chart below compares the 12-month rolling Sharpe Ratio of MUST and SPY.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.503.003.50December2024FebruaryMarchAprilMay
0.44
1.91
MUST
SPY

Dividends

MUST vs. SPY - Dividend Comparison

MUST's dividend yield for the trailing twelve months is around 2.76%, more than SPY's 1.34% yield.


TTM20232022202120202019201820172016201520142013
MUST
Columbia Multi-Sector Municipal Income ETF
2.76%2.50%1.76%1.62%2.33%2.69%0.55%0.00%0.00%0.00%0.00%0.00%
SPY
SPDR S&P 500 ETF
1.34%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%1.81%

Drawdowns

MUST vs. SPY - Drawdown Comparison

The maximum MUST drawdown since its inception was -13.83%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MUST and SPY. For additional features, visit the drawdowns tool.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%December2024FebruaryMarchAprilMay
-4.93%
-4.36%
MUST
SPY

Volatility

MUST vs. SPY - Volatility Comparison

The current volatility for Columbia Multi-Sector Municipal Income ETF (MUST) is 1.63%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.88%. This indicates that MUST experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%December2024FebruaryMarchAprilMay
1.63%
3.88%
MUST
SPY