VMSB vs. MUSE

Last updated Jun 5, 2026

VMSB (Voya Multi-Sector Income ETF) and MUSE (TCW Multisector Credit Income ETF) are both Multisector Bonds funds. Both are actively managed. At a 0.40 correlation, their price movements are largely independent. VMSB charges 0.45%/yr vs 0.56%/yr for MUSE.

Performance

VMSB vs. MUSE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Voya Multi-Sector Income ETF (VMSB) and TCW Multisector Credit Income ETF (MUSE). 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 MUSE's 2.34% return.

VMSB

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

MUSE

• 1D: 0.04%
• 1M: 0.90%
• YTD: 2.34%
• 6M: 2.84%
• 1Y: 8.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VMSB vs. MUSE - Yearly Performance Comparison

	2026 (YTD)	2025
VMSB Voya Multi-Sector Income ETF	0.96%	-0.40%
MUSE TCW Multisector Credit Income ETF	2.34%	0.51%

Correlation

The correlation between VMSB and MUSE is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 4, 2025	0.40

Return for Risk

VMSB vs. MUSE — Risk / Return Rank

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

MUSE

MUSE Risk / Return Rank: 81
MUSE Sharpe Ratio Rank: 88
MUSE Sortino Ratio Rank: 93
MUSE Omega Ratio Rank: 94
MUSE Calmar Ratio Rank: 65
MUSE Martin Ratio Rank: 65

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. MUSE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya Multi-Sector Income ETF (VMSB) and TCW Multisector Credit Income ETF (MUSE). 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	MUSE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	1.86	-1.55

Drawdowns

VMSB vs. MUSE - Drawdown Comparison

The maximum VMSB drawdown since its inception was -2.57%, smaller than the maximum MUSE drawdown of -3.63%. Use the drawdown chart below to compare losses from any high point for VMSB and MUSE.

Drawdown Indicators

	VMSB	MUSE	Difference
Max Drawdown Largest peak-to-trough decline	-2.57%	-3.63%	+1.06%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.54%	—
Current Drawdown Current decline from peak	-0.33%	-0.06%	-0.27%
Average Drawdown Average peak-to-trough decline	-0.72%	-0.42%	-0.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.68%	—

Volatility

Volatility by Period

	VMSB	MUSE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.86%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.40%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.59%	2.81%	+0.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.59%	3.86%	-0.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.59%	3.86%	-0.27%

VMSB vs. MUSE - Expense Ratio Comparison

VMSB has a 0.45% expense ratio, which is lower than MUSE's 0.56% expense ratio.

Dividends

VMSB vs. MUSE - Dividend Comparison

VMSB's dividend yield for the trailing twelve months is around 2.35%, less than MUSE's 7.70% yield.

Position	TTM	2025	2024
MUSE TCW Multisector Credit Income ETF	7.70%	7.35%	0.75%
VMSB Voya Multi-Sector Income ETF	2.35%	0.71%	0.00%

Frequently Asked Questions

Can I hold both VMSB and MUSE in my portfolio?

VMSB and MUSE have a correlation of 0.40, 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 MUSE?

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 MUSE?

VMSB is cheaper with a 0.45% expense ratio, compared with 0.56% for MUSE.

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

MUSE has the higher dividend yield at 7.70%, compared with 2.35% for VMSB.

What is the main difference between VMSB and MUSE?

They also come from different issuers: Voya and TCW. Their fees differ too: 0.45% for VMSB and 0.56% for MUSE.