VCOB vs. VMSB

Last updated Jul 10, 2026

VCOB (Voya Core Bond ETF) and VMSB (Voya Multi-Sector Income ETF) are both exchange-traded funds - VCOB is a Actively Managed fund actively managed by Voya, while VMSB is a Multisector Bonds fund actively managed by Voya. Both are actively managed. A 0.66 correlation means they provide meaningful diversification when combined. VCOB charges 0.25%/yr vs 0.45%/yr for VMSB.

Performance

VCOB vs. VMSB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Voya Core Bond ETF (VCOB) and Voya Multi-Sector Income ETF (VMSB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VCOB achieves a -1.32% return, which is significantly lower than VMSB's 1.20% return.

VCOB

• 1D: 0.16%
• 1M: -0.03%
• 6M: -1.36%
• YTD: -1.32%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VMSB

• 1D: 0.06%
• 1M: 0.53%
• 6M: 0.99%
• YTD: 1.20%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VCOB vs. VMSB - Yearly Performance Comparison

	2026 (YTD)	2025
VCOB Voya Core Bond ETF	-1.32%	0.04%
VMSB Voya Multi-Sector Income ETF	1.20%	-0.36%

Correlation

The correlation between VCOB and VMSB is 0.66, 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 Dec 3, 2025	0.66

Return for Risk

VCOB vs. VMSB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya Core Bond ETF (VCOB) and Voya Multi-Sector Income ETF (VMSB). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

VCOB vs. VMSB - Drawdown Comparison

The maximum VCOB drawdown since its inception was -3.27%, which is greater than VMSB's maximum drawdown of -2.57%. Use the drawdown chart below to compare losses from any high point for VCOB and VMSB.

Drawdown Indicators

	VCOB	VMSB	Difference
Max Drawdown Largest peak-to-trough decline	-3.27%	-2.57%	-0.70%
Current Drawdown Current decline from peak	-2.64%	-0.31%	-2.33%
Average Drawdown Average peak-to-trough decline	-1.39%	-0.65%	-0.74%

Volatility

Volatility by Period

	VCOB	VMSB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.87%	3.75%	+0.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.87%	3.75%	+0.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.87%	3.75%	+0.12%

VCOB vs. VMSB - Expense Ratio Comparison

VCOB has a 0.25% expense ratio, which is lower than VMSB's 0.45% expense ratio.

Dividends

VCOB vs. VMSB - Dividend Comparison

VCOB's dividend yield for the trailing twelve months is around 0.50%, less than VMSB's 2.83% yield.

Position	TTM	2025
VCOB Voya Core Bond ETF	0.50%	0.49%
VMSB Voya Multi-Sector Income ETF	2.83%	0.71%

Frequently Asked Questions

Can I hold both VCOB and VMSB in my portfolio?

VCOB and VMSB have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VCOB or VMSB?

On fees, VCOB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VCOB or VMSB?

VCOB is cheaper with a 0.25% expense ratio, compared with 0.45% for VMSB.

Which ETF pays a higher dividend yield, VCOB or VMSB?

VMSB has the higher dividend yield at 2.83%, compared with 0.50% for VCOB.

What is the main difference between VCOB and VMSB?

VCOB is categorized as Actively Managed, while VMSB is Multisector Bonds. Their fees differ too: 0.25% for VCOB and 0.45% for VMSB.