NXUS vs. TMSF

Last updated Jun 7, 2026

NXUS (Nuveen International Aggregate Bond ETF) and TMSF (T. Rowe Price Multi-Sector Income ETF) are both exchange-traded funds - NXUS is a Global Bonds fund tracking the Bloomberg Global Aggregate ex-USD Index (USD Hedged), while TMSF is a Multisector Bonds fund actively managed by T. Rowe Price. NXUS is passively managed, while TMSF is actively managed. A 0.56 correlation means they provide meaningful diversification when combined. NXUS charges 0.08%/yr vs 0.37%/yr for TMSF.

Performance

NXUS vs. TMSF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen International Aggregate Bond ETF (NXUS) and T. Rowe Price Multi-Sector Income ETF (TMSF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NXUS achieves a 0.48% return, which is significantly lower than TMSF's 1.43% return.

NXUS

• 1D: -0.14%
• 1M: 0.26%
• YTD: 0.48%
• 6M: 0.45%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TMSF

• 1D: -0.31%
• 1M: -0.01%
• YTD: 1.43%
• 6M: 2.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NXUS vs. TMSF - Yearly Performance Comparison

	2026 (YTD)	2025
NXUS Nuveen International Aggregate Bond ETF	0.48%	-0.17%
TMSF T. Rowe Price Multi-Sector Income ETF	1.43%	1.29%

Correlation

The correlation between NXUS and TMSF is 0.56, 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 21, 2025	0.56

Return for Risk

NXUS vs. TMSF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen International Aggregate Bond ETF (NXUS) 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.

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

Sharpe Ratios by Period

	NXUS	TMSF	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	1.77	-1.35

Drawdowns

NXUS vs. TMSF - Drawdown Comparison

The maximum NXUS drawdown since its inception was -2.81%, which is greater than TMSF's maximum drawdown of -2.28%. Use the drawdown chart below to compare losses from any high point for NXUS and TMSF.

Drawdown Indicators

	NXUS	TMSF	Difference
Max Drawdown Largest peak-to-trough decline	-2.81%	-2.28%	-0.53%
Current Drawdown Current decline from peak	-1.33%	-0.52%	-0.81%
Average Drawdown Average peak-to-trough decline	-0.91%	-0.38%	-0.53%

Volatility

Volatility by Period

	NXUS	TMSF	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.73%	2.95%	+0.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.73%	2.95%	+0.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.73%	2.95%	+0.78%

NXUS vs. TMSF - Expense Ratio Comparison

NXUS has a 0.08% expense ratio, which is lower than TMSF's 0.37% expense ratio.

Dividends

NXUS vs. TMSF - Dividend Comparison

NXUS's dividend yield for the trailing twelve months is around 1.67%, less than TMSF's 3.07% yield.

Position	TTM	2025
NXUS Nuveen International Aggregate Bond ETF	1.67%	0.39%
TMSF T. Rowe Price Multi-Sector Income ETF	3.07%	0.75%

Frequently Asked Questions

Can I hold both NXUS and TMSF in my portfolio?

NXUS and TMSF have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NXUS or TMSF?

On fees, NXUS is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NXUS or TMSF?

NXUS is cheaper with a 0.08% expense ratio, compared with 0.37% for TMSF.

Which ETF pays a higher dividend yield, NXUS or TMSF?

TMSF has the higher dividend yield at 3.07%, compared with 1.67% for NXUS.

What is the main difference between NXUS and TMSF?

NXUS is categorized as Global Bonds, while TMSF is Multisector Bonds. They also come from different issuers: Nuveen and T. Rowe Price. Their fees differ too: 0.08% for NXUS and 0.37% for TMSF.