SGVT vs. MUST

Last updated Apr 1, 2026

Compare and contrast key facts about Schwab Government Money Market ETF (SGVT) and Columbia Multi-Sector Municipal Income ETF (MUST).

SGVT and MUST are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SGVT is an actively managed fund by Charles Schwab. It was launched on Jun 12, 2025. MUST is a passively managed fund by Ameriprise Financial that tracks the performance of the Bloomberg Beta Advantage Multi-Sector Municipal Bond Index. It was launched on Oct 10, 2018.

Performance

SGVT vs. MUST - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Government Money Market ETF (SGVT) and Columbia Multi-Sector Municipal Income ETF (MUST). The values are adjusted to include any dividend payments, if applicable.

SGVT vs. MUST - Yearly Performance Comparison

	2026 (YTD)	2025
SGVT Schwab Government Money Market ETF	0.81%	2.22%
MUST Columbia Multi-Sector Municipal Income ETF	0.02%	5.19%

Returns By Period

In the year-to-date period, SGVT achieves a 0.81% return, which is significantly higher than MUST's 0.02% return.

SGVT

• 1D: 0.01%
• 1M: 0.27%
• YTD: 0.81%
• 6M: 1.78%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MUST

• 1D: 0.34%
• 1M: -2.40%
• YTD: 0.02%
• 6M: 1.52%
• 1Y: 5.29%
• 3Y*: 2.90%
• 5Y*: 0.78%
• 10Y*: —

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

SGVT vs. MUST - Expense Ratio Comparison

SGVT has a 0.28% expense ratio, which is higher than MUST's 0.23% expense ratio.

SGVT

Schwab Government Money Market ETF

MUST

Columbia Multi-Sector Municipal Income ETF

Return for Risk

SGVT vs. MUST — Risk / Return Rank

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

MUST

MUST Risk / Return Rank: 44
MUST Sharpe Ratio Rank: 45
MUST Sortino Ratio Rank: 40
MUST Omega Ratio Rank: 42
MUST Calmar Ratio Rank: 47
MUST Martin Ratio Rank: 45

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.

SGVT vs. MUST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Government Money Market ETF (SGVT) and Columbia Multi-Sector Municipal Income ETF (MUST). 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

	SGVT	MUST	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.81	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.15	—
Sharpe Ratio (All Time) Calculated using the full available price history	18.85	0.51	+18.34

Correlation

The correlation between SGVT and MUST is -0.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

SGVT vs. MUST - Dividend Comparison

SGVT's dividend yield for the trailing twelve months is around 2.30%, less than MUST's 3.29% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
SGVT Schwab Government Money Market ETF	2.30%	1.73%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MUST Columbia Multi-Sector Municipal Income ETF	3.29%	3.28%	3.13%	2.51%	1.76%	1.62%	2.33%	2.70%	0.55%

Drawdowns

SGVT vs. MUST - Drawdown Comparison

The maximum SGVT drawdown since its inception was -0.03%, smaller than the maximum MUST drawdown of -13.83%. Use the drawdown chart below to compare losses from any high point for SGVT and MUST.

Drawdown Indicators

	SGVT	MUST	Difference
Max Drawdown Largest peak-to-trough decline	-0.03%	-13.83%	+13.80%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.56%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-13.83%	—
Current Drawdown Current decline from peak	0.00%	-2.49%	+2.49%
Average Drawdown Average peak-to-trough decline	0.00%	-3.44%	+3.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.25%	—

Volatility

Volatility by Period

	SGVT	MUST	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.84%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.43%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.21%	6.60%	-6.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.21%	5.38%	-5.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.21%	5.60%	-5.39%