RDFI vs. MUSI

Last updated Jun 4, 2026

RDFI (Rareview Dynamic Fixed Income ETF) and MUSI (American Century Multisector Income ETF) are both Multisector Bonds funds. Both are actively managed. Over the past 3 years, RDFI returned 10.47%/yr vs 6.30%/yr for MUSI. A 0.57 correlation means they provide meaningful diversification when combined. RDFI charges 3.69%/yr vs 0.36%/yr for MUSI.

Performance

RDFI vs. MUSI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rareview Dynamic Fixed Income ETF (RDFI) and American Century Multisector Income ETF (MUSI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RDFI achieves a 1.30% return, which is significantly higher than MUSI's 0.59% return.

RDFI

• 1D: -0.53%
• 1M: -0.20%
• YTD: 1.30%
• 6M: 1.38%
• 1Y: 8.58%
• 3Y*: 10.47%
• 5Y*: 2.68%
• 10Y*: —

MUSI

• 1D: -0.20%
• 1M: 0.29%
• YTD: 0.59%
• 6M: 0.68%
• 1Y: 5.99%
• 3Y*: 6.30%
• 5Y*: —
• 10Y*: —

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

RDFI vs. MUSI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
RDFI Rareview Dynamic Fixed Income ETF	1.30%	9.83%	13.15%	8.57%	-17.06%	-0.58%
MUSI American Century Multisector Income ETF	0.59%	8.32%	5.14%	7.51%	-10.33%	0.58%

Correlation

The correlation between RDFI and MUSI is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (All Time) Calculated using the full available price history since Jul 2, 2021	0.57

The correlation between RDFI and MUSI has been stable across timeframes, ranging from 0.57 to 0.59 - a consistent structural relationship.

RDFI vs. MUSI - Sectors Allocation Comparison

Sectors	RDFI	MUSI
Financial Services	57.4%	-
Energy	32.0%	-
Utilities	3.7%	77.9%
Real Estate	2.2%	-
Industrials	2.0%	-
Technology	1.7%	-
Consumer Cyclical	0.4%	-
Basic Materials	0.3%	-
Communication Services	0.1%	-
Consumer Defensive	0.1%	-
Healthcare	0.0%	22.1%

Return for Risk

RDFI vs. MUSI — Risk / Return Rank

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

RDFI

RDFI Risk / Return Rank: 31
RDFI Sharpe Ratio Rank: 34
RDFI Sortino Ratio Rank: 32
RDFI Omega Ratio Rank: 37
RDFI Calmar Ratio Rank: 23
RDFI Martin Ratio Rank: 29

MUSI

MUSI Risk / Return Rank: 51
MUSI Sharpe Ratio Rank: 53
MUSI Sortino Ratio Rank: 57
MUSI Omega Ratio Rank: 54
MUSI Calmar Ratio Rank: 44
MUSI Martin Ratio Rank: 47

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.

RDFI vs. MUSI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rareview Dynamic Fixed Income ETF (RDFI) and American Century Multisector Income ETF (MUSI). 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.

	RDFI	MUSI	Difference
Sharpe ratio: Return per unit of total volatility	1.22	1.80	-0.58
Sortino ratio: Return per unit of downside risk	1.71	2.71	-1.00
Omega ratio: Gain probability vs. loss probability	1.24	1.34	-0.09
Calmar ratio: Return relative to maximum drawdown	1.08	2.16	-1.08
Martin ratio: Return relative to average drawdown	4.10	7.76	-3.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RDFI vs. MUSI - Sharpe Ratio Comparison

The current RDFI Sharpe Ratio is 1.22, which is lower than the MUSI Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of RDFI and MUSI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RDFI	MUSI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.22	1.80	-0.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	0.45	+0.31

Drawdowns

RDFI vs. MUSI - Drawdown Comparison

The maximum RDFI drawdown since its inception was -23.71%, which is greater than MUSI's maximum drawdown of -13.91%. Use the drawdown chart below to compare losses from any high point for RDFI and MUSI.

Drawdown Indicators

	RDFI	MUSI	Difference
Max Drawdown Largest peak-to-trough decline	-23.71%	-13.91%	-9.80%
Max Drawdown (1Y) Largest decline over 1 year	-8.01%	-2.78%	-5.23%
Max Drawdown (3Y) Largest decline over 3 years	-10.41%	-4.16%	-6.25%
Max Drawdown (5Y) Largest decline over 5 years	-23.71%	—	—
Current Drawdown Current decline from peak	-3.22%	-1.14%	-2.08%
Average Drawdown Average peak-to-trough decline	-7.21%	-4.22%	-2.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.10%	0.77%	+1.33%

Volatility

RDFI vs. MUSI - Volatility Comparison

Rareview Dynamic Fixed Income ETF (RDFI) has a higher volatility of 2.34% compared to American Century Multisector Income ETF (MUSI) at 1.24%. This indicates that RDFI's price experiences larger fluctuations and is considered to be riskier than MUSI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RDFI	MUSI	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.34%	1.24%	+1.10%
Volatility (6M) Calculated over the trailing 6-month period	6.24%	2.60%	+3.64%
Volatility (1Y) Calculated over the trailing 1-year period	7.05%	3.34%	+3.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.15%	4.85%	+3.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.96%	4.85%	+3.11%

RDFI vs. MUSI - Expense Ratio Comparison

RDFI has a 3.69% expense ratio, which is higher than MUSI's 0.36% expense ratio.

Dividends

RDFI vs. MUSI - Dividend Comparison

RDFI's dividend yield for the trailing twelve months is around 8.34%, more than MUSI's 5.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
MUSI American Century Multisector Income ETF	5.15%	5.74%	6.00%	5.20%	4.02%	1.62%	0.00%
RDFI Rareview Dynamic Fixed Income ETF	8.34%	8.17%	8.14%	7.38%	4.70%	6.78%	1.01%

Frequently Asked Questions

Can I hold both RDFI and MUSI in my portfolio?

RDFI and MUSI have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RDFI or MUSI?

RDFI has higher volatility (2.34%) compared to MUSI (1.24%). In terms of maximum drawdown, RDFI dropped -23.71% vs MUSI's -13.91%.

Which ETF is better, RDFI or MUSI?

On 3-year performance, RDFI leads with 10.47% vs 6.30% for MUSI. On fees, MUSI is cheaper at 0.36% per year. On volatility, MUSI has been the lower-risk option at 1.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RDFI or MUSI?

Over the 3-year period, RDFI has performed better with a 10.47% return vs 6.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RDFI or MUSI?

MUSI is cheaper with a 0.36% expense ratio, compared with 3.69% for RDFI.

Which ETF pays a higher dividend yield, RDFI or MUSI?

RDFI has the higher dividend yield at 8.34%, compared with 5.15% for MUSI.

What is the main difference between RDFI and MUSI?

They also come from different issuers: Rareview Funds and American Century. Their fees differ too: 3.69% for RDFI and 0.36% for MUSI.

Which has better risk-adjusted returns?

MUSI currently has the higher Sharpe Ratio (1.80 vs 1.22), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.