TMSF vs. TOUS
TMSF (T. Rowe Price Multi-Sector Income ETF) and TOUS (T. Rowe Price International Equity ETF) are both exchange-traded funds - TMSF is a Multisector Bonds fund actively managed by T. Rowe Price, while TOUS is a Foreign Large Cap Equities fund actively managed by T. Rowe Price. Both are actively managed. A 0.54 correlation means they provide meaningful diversification when combined. TMSF charges 0.37%/yr vs 0.50%/yr for TOUS.
Performance
TMSF vs. TOUS - Performance Comparison
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Returns By Period
In the year-to-date period, TMSF achieves a 1.77% return, which is significantly lower than TOUS's 9.19% return.
TMSF
- 1D
- -0.05%
- 1M
- 0.55%
- YTD
- 1.77%
- 6M
- 2.12%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TOUS
- 1D
- -2.03%
- 1M
- 0.43%
- YTD
- 9.19%
- 6M
- 8.90%
- 1Y
- 21.91%
- 3Y*
- 17.54%
- 5Y*
- —
- 10Y*
- —
TMSF vs. TOUS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TMSF T. Rowe Price Multi-Sector Income ETF | 1.77% | 1.29% |
TOUS T. Rowe Price International Equity ETF | 9.19% | 5.45% |
Correlation
The correlation between TMSF and TOUS is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025 | 0.54 |
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Return for Risk
TMSF vs. TOUS — Risk / Return Rank
TMSF
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TOUS
TMSF vs. TOUS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Multi-Sector Income ETF (TMSF) and T. Rowe Price International Equity ETF (TOUS). 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 | TOUS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.26 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.80 | — |
| Martin ratioReturn relative to average drawdown | — | 6.54 | — |
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Drawdowns
TMSF vs. TOUS - Drawdown Comparison
The maximum TMSF drawdown since its inception was -2.28%, smaller than the maximum TOUS drawdown of -14.29%. Use the drawdown chart below to compare losses from any high point for TMSF and TOUS.
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Drawdown Indicators
| TMSF | TOUS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.28% | -14.29% | +12.01% |
Max Drawdown (1Y)Largest decline over 1 year | — | -12.23% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.29% | — |
Current DrawdownCurrent decline from peak | -0.35% | -2.03% | +1.68% |
Average DrawdownAverage peak-to-trough decline | -0.37% | -2.80% | +2.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.36% | — |
Volatility
TMSF vs. TOUS - Volatility Comparison
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Volatility by Period
| TMSF | TOUS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.25% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 13.74% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.93% | 15.91% | -12.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.93% | 15.31% | -12.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.93% | 15.31% | -12.38% |
TMSF vs. TOUS - Expense Ratio Comparison
TMSF has a 0.37% expense ratio, which is lower than TOUS's 0.50% expense ratio.
Dividends
TMSF vs. TOUS - Dividend Comparison
TMSF's dividend yield for the trailing twelve months is around 3.06%, more than TOUS's 1.59% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
TMSF T. Rowe Price Multi-Sector Income ETF | 3.06% | 0.75% | 0.00% | 0.00% |
TOUS T. Rowe Price International Equity ETF | 1.59% | 1.74% | 3.01% | 0.50% |
Frequently Asked Questions
TMSF and TOUS have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TMSF is cheaper at 0.37% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TMSF is cheaper with a 0.37% expense ratio, compared with 0.50% for TOUS.
TMSF has the higher dividend yield at 3.06%, compared with 1.59% for TOUS.
TMSF is categorized as Multisector Bonds, while TOUS is Foreign Large Cap Equities. Their fees differ too: 0.37% for TMSF and 0.50% for TOUS.
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