SUPP vs. MUSE

Last updated Jun 23, 2026

SUPP (TCW Transform Supply Chain ETF) and MUSE (TCW Multisector Credit Income ETF) are both exchange-traded funds - SUPP is a Large Cap Blend Equities fund actively managed by TCW, while MUSE is a Multisector Bonds fund actively managed by TCW. Both are actively managed. Over the past year, SUPP returned 36.89% vs 7.80% for MUSE. At a 0.42 correlation, their price movements are largely independent. SUPP charges 0.75%/yr vs 0.56%/yr for MUSE.

Performance

SUPP vs. MUSE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TCW Transform Supply Chain ETF (SUPP) 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, SUPP achieves a 25.93% return, which is significantly higher than MUSE's 2.68% return.

SUPP

• 1D: 0.28%
• 1M: 8.80%
• YTD: 25.93%
• 6M: 25.68%
• 1Y: 36.89%
• 3Y*: 19.81%
• 5Y*: —
• 10Y*: —

MUSE

• 1D: -0.14%
• 1M: 0.98%
• YTD: 2.68%
• 6M: 3.06%
• 1Y: 7.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SUPP vs. MUSE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SUPP TCW Transform Supply Chain ETF	25.93%	11.65%	-4.65%
MUSE TCW Multisector Credit Income ETF	2.68%	8.25%	0.34%

Correlation

The correlation between SUPP and MUSE is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (All Time) Calculated using the full available price history since Nov 18, 2024	0.42

Return for Risk

SUPP vs. MUSE — Risk / Return Rank

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

SUPP

SUPP Risk / Return Rank: 56
SUPP Sharpe Ratio Rank: 55
SUPP Sortino Ratio Rank: 53
SUPP Omega Ratio Rank: 52
SUPP Calmar Ratio Rank: 57
SUPP Martin Ratio Rank: 63

MUSE

MUSE Risk / Return Rank: 80
MUSE Sharpe Ratio Rank: 87
MUSE Sortino Ratio Rank: 93
MUSE Omega Ratio Rank: 93
MUSE Calmar Ratio Rank: 64
MUSE Martin Ratio Rank: 65

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.

SUPP vs. MUSE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TCW Transform Supply Chain ETF (SUPP) 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.

	SUPP	MUSE	Difference
Sharpe ratio: Return per unit of total volatility	1.78	2.73	-0.95
Sortino ratio: Return per unit of downside risk	2.48	4.37	-1.89
Omega ratio: Gain probability vs. loss probability	1.32	1.62	-0.31
Calmar ratio: Return relative to maximum drawdown	2.73	3.09	-0.36
Martin ratio: Return relative to average drawdown	11.11	11.45	-0.34

SUPP vs. MUSE - Sharpe Ratio Comparison

The current SUPP Sharpe Ratio is 1.78, which is lower than the MUSE Sharpe Ratio of 2.73. The chart below compares the historical Sharpe Ratios of SUPP and MUSE, 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

SUPP vs. MUSE - Drawdown Comparison

The maximum SUPP drawdown since its inception was -25.03%, which is greater than MUSE's maximum drawdown of -3.63%. Use the drawdown chart below to compare losses from any high point for SUPP and MUSE.

Drawdown Indicators

	SUPP	MUSE	Difference
Max Drawdown Largest peak-to-trough decline	-25.03%	-3.63%	-21.40%
Max Drawdown (1Y) Largest decline over 1 year	-13.59%	-2.54%	-11.05%
Max Drawdown (3Y) Largest decline over 3 years	-25.03%	—	—
Current Drawdown Current decline from peak	0.00%	-0.14%	+0.14%
Average Drawdown Average peak-to-trough decline	-4.36%	-0.41%	-3.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.33%	0.68%	+2.65%

Volatility

SUPP vs. MUSE - Volatility Comparison

TCW Transform Supply Chain ETF (SUPP) has a higher volatility of 8.46% compared to TCW Multisector Credit Income ETF (MUSE) at 0.73%. This indicates that SUPP's price experiences larger fluctuations and is considered to be riskier than MUSE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SUPP	MUSE	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.46%	0.73%	+7.73%
Volatility (6M) Calculated over the trailing 6-month period	17.72%	2.46%	+15.26%
Volatility (1Y) Calculated over the trailing 1-year period	20.81%	2.87%	+17.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.77%	3.84%	+15.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.77%	3.84%	+15.93%

SUPP vs. MUSE - Expense Ratio Comparison

SUPP has a 0.75% expense ratio, which is higher than MUSE's 0.56% expense ratio.

Dividends

SUPP vs. MUSE - Dividend Comparison

SUPP's dividend yield for the trailing twelve months is around 0.28%, less than MUSE's 7.67% yield.

Position	TTM	2025	2024	2023
MUSE TCW Multisector Credit Income ETF	7.67%	7.35%	0.75%	0.00%
SUPP TCW Transform Supply Chain ETF	0.28%	0.35%	0.49%	0.45%

Frequently Asked Questions

Can I hold both SUPP and MUSE in my portfolio?

SUPP and MUSE have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SUPP or MUSE?

SUPP has higher volatility (8.46%) compared to MUSE (0.73%). In terms of maximum drawdown, SUPP dropped -25.03% vs MUSE's -3.63%.

Which ETF is better, SUPP or MUSE?

On 1-year performance, SUPP leads with 36.89% vs 7.80% for MUSE. On fees, MUSE is cheaper at 0.56% per year. On volatility, MUSE has been the lower-risk option at 0.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SUPP or MUSE?

Over the 1-year period, SUPP has performed better with a 36.89% return vs 7.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SUPP or MUSE?

MUSE is cheaper with a 0.56% expense ratio, compared with 0.75% for SUPP.

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

MUSE has the higher dividend yield at 7.67%, compared with 0.28% for SUPP.

What is the main difference between SUPP and MUSE?

SUPP is categorized as Large Cap Blend Equities, while MUSE is Multisector Bonds. Their fees differ too: 0.75% for SUPP and 0.56% for MUSE.

Which has better risk-adjusted returns?

MUSE currently has the higher Sharpe Ratio (2.73 vs 1.78), 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.