VMSB vs. JOJO

Last updated Jun 5, 2026

VMSB (Voya Multi-Sector Income ETF) and JOJO (ATAC Credit Rotation ETF) are both Multisector Bonds funds. Both are actively managed. A 0.51 correlation means they provide meaningful diversification when combined. VMSB charges 0.45%/yr vs 1.28%/yr for JOJO.

Performance

VMSB vs. JOJO - Performance Comparison

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

Returns By Period

In the year-to-date period, VMSB achieves a 0.96% return, which is significantly lower than JOJO's 2.47% return.

VMSB

• 1D: 0.10%
• 1M: 0.47%
• YTD: 0.96%
• 6M: 1.16%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JOJO

• 1D: 0.17%
• 1M: 0.33%
• YTD: 2.47%
• 6M: 2.81%
• 1Y: 9.90%
• 3Y*: 6.76%
• 5Y*: —
• 10Y*: —

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

VMSB vs. JOJO - Yearly Performance Comparison

	2026 (YTD)	2025
VMSB Voya Multi-Sector Income ETF	0.96%	-0.40%
JOJO ATAC Credit Rotation ETF	2.47%	0.34%

Correlation

The correlation between VMSB and JOJO is 0.51, 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 4, 2025	0.51

Return for Risk

VMSB vs. JOJO — Risk / Return Rank

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

JOJO

JOJO Risk / Return Rank: 43
JOJO Sharpe Ratio Rank: 43
JOJO Sortino Ratio Rank: 47
JOJO Omega Ratio Rank: 48
JOJO Calmar Ratio Rank: 42
JOJO Martin Ratio Rank: 38

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.

VMSB vs. JOJO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya Multi-Sector Income ETF (VMSB) and ATAC Credit Rotation ETF (JOJO). 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.

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

Sharpe Ratios by Period

	VMSB	JOJO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.50	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	-0.05	+0.36

Drawdowns

VMSB vs. JOJO - Drawdown Comparison

The maximum VMSB drawdown since its inception was -2.57%, smaller than the maximum JOJO drawdown of -28.43%. Use the drawdown chart below to compare losses from any high point for VMSB and JOJO.

Drawdown Indicators

	VMSB	JOJO	Difference
Max Drawdown Largest peak-to-trough decline	-2.57%	-28.43%	+25.86%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.93%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-9.43%	—
Current Drawdown Current decline from peak	-0.33%	-5.73%	+5.40%
Average Drawdown Average peak-to-trough decline	-0.72%	-15.81%	+15.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.71%	—

Volatility

Volatility by Period

	VMSB	JOJO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.21%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.83%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.59%	6.61%	-3.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.59%	11.30%	-7.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.59%	11.30%	-7.71%

VMSB vs. JOJO - Expense Ratio Comparison

VMSB has a 0.45% expense ratio, which is lower than JOJO's 1.28% expense ratio.

Dividends

VMSB vs. JOJO - Dividend Comparison

VMSB's dividend yield for the trailing twelve months is around 2.35%, less than JOJO's 5.12% yield.

Position	TTM	2025	2024	2023	2022	2021
JOJO ATAC Credit Rotation ETF	5.12%	4.78%	4.88%	4.30%	3.63%	2.53%
VMSB Voya Multi-Sector Income ETF	2.35%	0.71%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VMSB and JOJO in my portfolio?

VMSB and JOJO have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VMSB or JOJO?

On fees, VMSB is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VMSB or JOJO?

VMSB is cheaper with a 0.45% expense ratio, compared with 1.28% for JOJO.

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

JOJO has the higher dividend yield at 5.12%, compared with 2.35% for VMSB.

What is the main difference between VMSB and JOJO?

They also come from different issuers: Voya and ATAC. Their fees differ too: 0.45% for VMSB and 1.28% for JOJO.