RMIF vs. MUSI

Last updated Jun 24, 2026

RMIF (LHA Risk-Managed Income ETF) and MUSI (American Century Multisector Income ETF) are both Multisector Bonds funds. Both are actively managed. Over the past 3 years, RMIF returned 4.86%/yr vs 6.54%/yr for MUSI. A 0.52 correlation means they provide meaningful diversification when combined. RMIF charges 1.38%/yr vs 0.36%/yr for MUSI.

Performance

RMIF vs. MUSI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LHA Risk-Managed Income ETF (RMIF) 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, RMIF achieves a -0.77% return, which is significantly lower than MUSI's 0.85% return.

RMIF

• 1D: -0.09%
• 1M: 0.33%
• YTD: -0.77%
• 6M: -0.62%
• 1Y: 2.72%
• 3Y*: 4.86%
• 5Y*: —
• 10Y*: —

MUSI

• 1D: 0.09%
• 1M: 0.59%
• YTD: 0.85%
• 6M: 1.07%
• 1Y: 5.33%
• 3Y*: 6.54%
• 5Y*: —
• 10Y*: —

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

RMIF vs. MUSI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
RMIF LHA Risk-Managed Income ETF	-0.77%	4.36%	7.00%	4.09%
MUSI American Century Multisector Income ETF	0.85%	8.32%	5.14%	4.86%

Correlation

The correlation between RMIF and MUSI is 0.65, 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	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (All Time) Calculated using the full available price history since Jun 9, 2023	0.52

The correlation between RMIF and MUSI shifts across timeframes, from 0.52 (all time) to 0.65 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

RMIF vs. MUSI — Risk / Return Rank

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

RMIF

RMIF Risk / Return Rank: 28
RMIF Sharpe Ratio Rank: 30
RMIF Sortino Ratio Rank: 30
RMIF Omega Ratio Rank: 30
RMIF Calmar Ratio Rank: 25
RMIF Martin Ratio Rank: 25

MUSI

MUSI Risk / Return Rank: 47
MUSI Sharpe Ratio Rank: 49
MUSI Sortino Ratio Rank: 53
MUSI Omega Ratio Rank: 50
MUSI Calmar Ratio Rank: 42
MUSI Martin Ratio Rank: 43

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.

RMIF vs. MUSI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LHA Risk-Managed Income ETF (RMIF) 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.

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.

	RMIF	MUSI	Difference
Sharpe ratio: Return per unit of total volatility	1.04	1.59	-0.56
Sortino ratio: Return per unit of downside risk	1.50	2.38	-0.88
Omega ratio: Gain probability vs. loss probability	1.19	1.29	-0.10
Calmar ratio: Return relative to maximum drawdown	1.16	1.92	-0.77
Martin ratio: Return relative to average drawdown	3.02	6.63	-3.60

RMIF vs. MUSI - Sharpe Ratio Comparison

The current RMIF Sharpe Ratio is 1.04, which is lower than the MUSI Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of RMIF 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.

Drawdowns

RMIF vs. MUSI - Drawdown Comparison

The maximum RMIF drawdown since its inception was -3.01%, smaller than the maximum MUSI drawdown of -13.91%. Use the drawdown chart below to compare losses from any high point for RMIF and MUSI.

Drawdown Indicators

	RMIF	MUSI	Difference
Max Drawdown Largest peak-to-trough decline	-3.01%	-13.91%	+10.90%
Max Drawdown (1Y) Largest decline over 1 year	-2.37%	-2.78%	+0.41%
Max Drawdown (3Y) Largest decline over 3 years	-3.01%	-4.16%	+1.15%
Current Drawdown Current decline from peak	-1.23%	-0.89%	-0.34%
Average Drawdown Average peak-to-trough decline	-0.40%	-4.18%	+3.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.90%	0.81%	+0.09%

Volatility

RMIF vs. MUSI - Volatility Comparison

The current volatility for LHA Risk-Managed Income ETF (RMIF) is 0.62%, while American Century Multisector Income ETF (MUSI) has a volatility of 1.05%. This indicates that RMIF experiences smaller price fluctuations and is considered to be less risky than MUSI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RMIF	MUSI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.62%	1.05%	-0.43%
Volatility (6M) Calculated over the trailing 6-month period	2.00%	2.71%	-0.71%
Volatility (1Y) Calculated over the trailing 1-year period	2.65%	3.37%	-0.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.59%	4.84%	-2.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.59%	4.84%	-2.25%

RMIF vs. MUSI - Expense Ratio Comparison

RMIF has a 1.38% expense ratio, which is higher than MUSI's 0.36% expense ratio.

Dividends

RMIF vs. MUSI - Dividend Comparison

RMIF's dividend yield for the trailing twelve months is around 5.29%, less than MUSI's 5.53% yield.

Position	TTM	2025	2024	2023	2022	2021
MUSI American Century Multisector Income ETF	5.53%	5.74%	6.00%	5.20%	4.02%	1.62%
RMIF LHA Risk-Managed Income ETF	5.29%	5.70%	6.61%	3.70%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RMIF and MUSI in my portfolio?

RMIF and MUSI have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RMIF or MUSI?

MUSI has higher volatility (1.05%) compared to RMIF (0.62%). In terms of maximum drawdown, RMIF dropped -3.01% vs MUSI's -13.91%.

Which ETF is better, RMIF or MUSI?

On 3-year performance, MUSI leads with 6.54% vs 4.86% for RMIF. On fees, MUSI is cheaper at 0.36% per year. On volatility, RMIF has been the lower-risk option at 0.62%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RMIF or MUSI?

Over the 3-year period, MUSI has performed better with a 6.54% return vs 4.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RMIF or MUSI?

MUSI is cheaper with a 0.36% expense ratio, compared with 1.38% for RMIF.

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

MUSI has the higher dividend yield at 5.53%, compared with 5.29% for RMIF.

What is the main difference between RMIF and MUSI?

They also come from different issuers: Little Harbor Advisors and American Century. Their fees differ too: 1.38% for RMIF and 0.36% for MUSI.

Which has better risk-adjusted returns?

MUSI currently has the higher Sharpe Ratio (1.59 vs 1.04), 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.