SCMC vs. MUSE

Last updated Jun 24, 2026

SCMC (Sterling Capital Multi-Strategy Income ETF) and MUSE (TCW Multisector Credit Income ETF) are both Multisector Bonds funds. Both are actively managed. At a 0.27 correlation, their price movements are largely independent. SCMC charges 0.55%/yr vs 0.56%/yr for MUSE.

Performance

SCMC vs. MUSE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sterling Capital Multi-Strategy Income ETF (SCMC) and TCW Multisector Credit Income ETF (MUSE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCMC achieves a 2.10% return, which is significantly lower than MUSE's 2.59% return.

SCMC

• 1D: 0.04%
• 1M: 0.53%
• YTD: 2.10%
• 6M: 2.25%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MUSE

• 1D: -0.09%
• 1M: 0.89%
• YTD: 2.59%
• 6M: 2.85%
• 1Y: 7.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SCMC vs. MUSE - Yearly Performance Comparison

	2026 (YTD)	2025
SCMC Sterling Capital Multi-Strategy Income ETF	2.10%	0.11%
MUSE TCW Multisector Credit Income ETF	2.59%	0.72%

Correlation

The correlation between SCMC and MUSE is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025	0.27

Return for Risk

SCMC vs. MUSE — Risk / Return Rank

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

SCMC

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

MUSE

MUSE Risk / Return Rank: 81
MUSE Sharpe Ratio Rank: 88
MUSE Sortino Ratio Rank: 93
MUSE Omega Ratio Rank: 93
MUSE Calmar Ratio Rank: 65
MUSE Martin Ratio Rank: 66

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.

SCMC vs. MUSE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sterling Capital Multi-Strategy Income ETF (SCMC) and TCW Multisector Credit Income ETF (MUSE). 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.

	SCMC	MUSE	Difference
Sharpe ratio: Return per unit of total volatility	—	2.65	—
Sortino ratio: Return per unit of downside risk	—	4.24	—
Omega ratio: Gain probability vs. loss probability	—	1.60	—
Calmar ratio: Return relative to maximum drawdown	—	2.99	—
Martin ratio: Return relative to average drawdown	—	11.10	—

Drawdowns

SCMC vs. MUSE - Drawdown Comparison

The maximum SCMC drawdown since its inception was -1.91%, smaller than the maximum MUSE drawdown of -3.63%. Use the drawdown chart below to compare losses from any high point for SCMC and MUSE.

Drawdown Indicators

	SCMC	MUSE	Difference
Max Drawdown Largest peak-to-trough decline	-1.91%	-3.63%	+1.72%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.54%	—
Current Drawdown Current decline from peak	-0.08%	-0.23%	+0.15%
Average Drawdown Average peak-to-trough decline	-0.35%	-0.41%	+0.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.68%	—

Volatility

Volatility by Period

	SCMC	MUSE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.74%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.45%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.89%	2.87%	+0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.89%	3.84%	-0.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.89%	3.84%	-0.95%

SCMC vs. MUSE - Expense Ratio Comparison

SCMC has a 0.55% expense ratio, which is lower than MUSE's 0.56% expense ratio.

Dividends

SCMC vs. MUSE - Dividend Comparison

SCMC's dividend yield for the trailing twelve months is around 2.16%, less than MUSE's 7.68% yield.

Position	TTM	2025	2024
MUSE TCW Multisector Credit Income ETF	7.68%	7.35%	0.75%
SCMC Sterling Capital Multi-Strategy Income ETF	2.16%	0.29%	0.00%

Frequently Asked Questions

Can I hold both SCMC and MUSE in my portfolio?

SCMC and MUSE have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SCMC or MUSE?

On fees, SCMC is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SCMC or MUSE?

SCMC is cheaper with a 0.55% expense ratio, compared with 0.56% for MUSE.

Which ETF pays a higher dividend yield, SCMC or MUSE?

MUSE has the higher dividend yield at 7.68%, compared with 2.16% for SCMC.

What is the main difference between SCMC and MUSE?

They also come from different issuers: Sterling Capital and TCW. Their fees differ too: 0.55% for SCMC and 0.56% for MUSE.