TMSF vs. AINP
TMSF (T. Rowe Price Multi-Sector Income ETF) and AINP (Allspring Income Plus ETF) are both Multisector Bonds funds. Both are actively managed. Their 0.72 correlation means they have sometimes moved together and sometimes differently. TMSF charges 0.37%/yr vs 0.36%/yr for AINP.
Performance
TMSF vs. AINP - Performance Comparison
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Returns By Period
In the year-to-date period, TMSF achieves a 2.09% return, which is significantly higher than AINP's 0.85% return.
TMSF
- 1D
- -0.07%
- 1M
- -0.23%
- 6M
- 1.42%
- YTD
- 2.09%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
AINP
- 1D
- -0.18%
- 1M
- -0.93%
- 6M
- 0.35%
- YTD
- 0.85%
- 1Y
- 3.52%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.25%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $155.19K | $151.21K | $205.79K | |
| $85.28K | $46.17K | $38.44K |
TMSF vs. AINP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TMSF T. Rowe Price Multi-Sector Income ETF | 2.09% | 1.29% |
AINP Allspring Income Plus ETF | 0.85% | 1.06% |
Correlation
The correlation between TMSF and AINP is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025 | 0.72 |
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Return for Risk
TMSF vs. AINP — Risk / Return Rank
TMSF
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
AINP
TMSF vs. AINP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Multi-Sector Income ETF (TMSF) and Allspring Income Plus ETF (AINP). 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.
| TMSF | AINP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.24 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.68 | — |
| Martin ratioReturn relative to average drawdown | — | 6.49 | — |
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Drawdowns
TMSF vs. AINP - Drawdown Comparison
The maximum TMSF drawdown since its inception was -2.28%, smaller than the maximum AINP drawdown of -2.61%. Use the drawdown chart below to compare losses from any high point for TMSF and AINP.
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Drawdown Indicators
| TMSF | AINP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.28% | -2.61% | +0.33% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.51% | — |
Current DrawdownCurrent decline from peak | -0.40% | -1.05% | +0.65% |
Average DrawdownAverage peak-to-trough decline | -0.35% | -0.46% | +0.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.65% | — |
Volatility
TMSF vs. AINP - Volatility Comparison
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Volatility by Period
| TMSF | AINP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.83% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.58% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.82% | 3.28% | -0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.82% | 3.58% | -0.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.82% | 3.58% | -0.76% |
TMSF vs. AINP - Expense Ratio Comparison
TMSF has a 0.37% expense ratio, which is higher than AINP's 0.36% expense ratio.
Dividends
TMSF vs. AINP - Dividend Comparison
TMSF's dividend yield for the trailing twelve months is around 3.77%, less than AINP's 5.87% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AINP Allspring Income Plus ETF | 5.87% | 5.03% | 0.47% |
TMSF T. Rowe Price Multi-Sector Income ETF | 3.77% | 0.75% | 0.00% |
Frequently Asked Questions
TMSF and AINP have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AINP is cheaper at 0.36% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AINP is cheaper with a 0.36% expense ratio, compared with 0.37% for TMSF.
AINP has the higher dividend yield at 5.87%, compared with 3.77% for TMSF.
They also come from different issuers: T. Rowe Price and Allspring. Their fees differ too: 0.37% for TMSF and 0.36% for AINP.
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