VMSB vs. MUSI

Last updated Jun 24, 2026

VMSB (Voya Multi-Sector Income ETF) and MUSI (American Century Multisector Income ETF) are both Multisector Bonds funds. Both are actively managed. A 0.69 correlation means they provide meaningful diversification when combined. VMSB charges 0.45%/yr vs 0.36%/yr for MUSI.

Performance

VMSB vs. MUSI - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with VMSB having a 0.83% return and MUSI slightly higher at 0.85%.

VMSB

• 1D: 0.27%
• 1M: 0.49%
• YTD: 0.83%
• 6M: 0.94%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MUSI

• 1D: 0.09%
• 1M: 0.59%
• YTD: 0.85%
• 6M: 1.07%
• 1Y: 5.33%
• 3Y*: 6.54%
• 5Y*: —
• 10Y*: —

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

VMSB vs. MUSI - Yearly Performance Comparison

	2026 (YTD)	2025
VMSB Voya Multi-Sector Income ETF	0.83%	-0.36%
MUSI American Century Multisector Income ETF	0.85%	0.22%

Correlation

The correlation between VMSB and MUSI is 0.69, 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	0.69

Return for Risk

VMSB vs. MUSI — Risk / Return Rank

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

VMSB

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

MUSI

MUSI Risk / Return Rank: 47
MUSI Sharpe Ratio Rank: 49
MUSI Sortino Ratio Rank: 53
MUSI Omega Ratio Rank: 50
MUSI Calmar Ratio Rank: 42
MUSI Martin Ratio Rank: 43

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. MUSI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya Multi-Sector Income ETF (VMSB) and American Century Multisector Income ETF (MUSI). 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.

	VMSB	MUSI	Difference
Sharpe ratio: Return per unit of total volatility	—	1.59	—
Sortino ratio: Return per unit of downside risk	—	2.38	—
Omega ratio: Gain probability vs. loss probability	—	1.29	—
Calmar ratio: Return relative to maximum drawdown	—	1.92	—
Martin ratio: Return relative to average drawdown	—	6.63	—

Drawdowns

VMSB vs. MUSI - Drawdown Comparison

The maximum VMSB drawdown since its inception was -2.57%, smaller than the maximum MUSI drawdown of -13.91%. Use the drawdown chart below to compare losses from any high point for VMSB and MUSI.

Drawdown Indicators

	VMSB	MUSI	Difference
Max Drawdown Largest peak-to-trough decline	-2.57%	-13.91%	+11.34%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.78%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-4.16%	—
Current Drawdown Current decline from peak	-0.56%	-0.89%	+0.33%
Average Drawdown Average peak-to-trough decline	-0.69%	-4.18%	+3.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.81%	—

Volatility

Volatility by Period

	VMSB	MUSI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.05%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.71%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.80%	3.37%	+0.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.80%	4.84%	-1.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.80%	4.84%	-1.04%

VMSB vs. MUSI - Expense Ratio Comparison

VMSB has a 0.45% expense ratio, which is higher than MUSI's 0.36% expense ratio.

Dividends

VMSB vs. MUSI - Dividend Comparison

VMSB's dividend yield for the trailing twelve months is around 2.35%, less than MUSI's 5.53% yield.

Position	TTM	2025	2024	2023	2022	2021
MUSI American Century Multisector Income ETF	5.53%	5.74%	6.00%	5.20%	4.02%	1.62%
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 MUSI in my portfolio?

VMSB and MUSI have a correlation of 0.69, 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 MUSI?

On fees, MUSI is cheaper at 0.36% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VMSB or MUSI?

MUSI is cheaper with a 0.36% expense ratio, compared with 0.45% for VMSB.

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

MUSI has the higher dividend yield at 5.53%, compared with 2.35% for VMSB.

What is the main difference between VMSB and MUSI?

They also come from different issuers: Voya and American Century. Their fees differ too: 0.45% for VMSB and 0.36% for MUSI.