TMSF vs. VGMS
TMSF (T. Rowe Price Multi-Sector Income ETF) and VGMS (Vanguard Multi-Sector Income Bond 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 0.30%/yr for VGMS.
Performance
TMSF vs. VGMS - 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 VGMS's 1.17% return.
TMSF
- 1D
- -0.07%
- 1M
- -0.23%
- 6M
- 1.42%
- YTD
- 2.09%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
VGMS
- 1D
- 0.01%
- 1M
- -0.55%
- 6M
- 0.55%
- YTD
- 1.17%
- 1Y
- 4.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.92%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $85.28K | $46.17K | $38.44K | |
| $2.48M | $2.33M | $2.03M |
TMSF vs. VGMS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TMSF T. Rowe Price Multi-Sector Income ETF | 2.09% | 1.29% |
VGMS Vanguard Multi-Sector Income Bond ETF | 1.17% | 1.27% |
Correlation
The correlation between TMSF and VGMS 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. VGMS — Risk / Return Rank
TMSF
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
VGMS
TMSF vs. VGMS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Multi-Sector Income ETF (TMSF) and Vanguard Multi-Sector Income Bond ETF (VGMS). 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 | VGMS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.30 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.10 | — |
| Martin ratioReturn relative to average drawdown | — | 9.26 | — |
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Drawdowns
TMSF vs. VGMS - Drawdown Comparison
The maximum TMSF drawdown since its inception was -2.28%, smaller than the maximum VGMS drawdown of -2.46%. Use the drawdown chart below to compare losses from any high point for TMSF and VGMS.
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Drawdown Indicators
| TMSF | VGMS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.28% | -2.46% | +0.18% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.46% | — |
Current DrawdownCurrent decline from peak | -0.40% | -0.71% | +0.31% |
Average DrawdownAverage peak-to-trough decline | -0.35% | -0.31% | -0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.56% | — |
Volatility
TMSF vs. VGMS - Volatility Comparison
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Volatility by Period
| TMSF | VGMS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.74% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.70% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.82% | 3.24% | -0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.82% | 3.17% | -0.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.82% | 3.17% | -0.35% |
TMSF vs. VGMS - Expense Ratio Comparison
TMSF has a 0.37% expense ratio, which is higher than VGMS's 0.30% expense ratio.
Dividends
TMSF vs. VGMS - Dividend Comparison
TMSF's dividend yield for the trailing twelve months is around 3.77%, less than VGMS's 5.40% yield.
| Position | TTM | 2025 |
|---|---|---|
TMSF T. Rowe Price Multi-Sector Income ETF | 3.77% | 0.75% |
VGMS Vanguard Multi-Sector Income Bond ETF | 4.96% | 2.94% |
Frequently Asked Questions
TMSF and VGMS 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, VGMS is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGMS is cheaper with a 0.30% expense ratio, compared with 0.37% for TMSF.
VGMS has the higher dividend yield at 4.96%, compared with 3.77% for TMSF.
They also come from different issuers: T. Rowe Price and Vanguard. Their fees differ too: 0.37% for TMSF and 0.30% for VGMS.
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