VMSB vs. VCOB

Last updated Jul 17, 2026

VMSB (Voya Multi-Sector Income ETF) and VCOB (Voya Core Bond ETF) are both exchange-traded funds - VMSB is a Multisector Bonds fund actively managed by Voya, while VCOB is a Actively Managed fund actively managed by Voya. Both are actively managed. A 0.68 correlation means they provide meaningful diversification when combined. VMSB charges 0.45%/yr vs 0.25%/yr for VCOB.

Performance

VMSB vs. VCOB - Performance Comparison

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

Returns By Period

In the year-to-date period, VMSB achieves a 1.39% return, which is significantly higher than VCOB's -1.43% return.

VMSB

• 1D: -0.15%
• 1M: -0.01%
• 6M: 1.45%
• YTD: 1.39%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VCOB

• 1D: -0.10%
• 1M: -0.93%
• 6M: -1.73%
• YTD: -1.43%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VMSB vs. VCOB - Yearly Performance Comparison

	2026 (YTD)	2025
VMSB Voya Multi-Sector Income ETF	1.39%	-0.36%
VCOB Voya Core Bond ETF	-1.43%	0.04%

Correlation

The correlation between VMSB and VCOB is 0.68, 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	0.68

Return for Risk

VMSB vs. VCOB - Risk-Adjusted Trends Comparison

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

VMSB vs. VCOB - Drawdown Comparison

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

Drawdown Indicators

	VMSB	VCOB	Difference
Max Drawdown Largest peak-to-trough decline	-2.57%	-3.27%	+0.70%
Current Drawdown Current decline from peak	-0.15%	-2.75%	+2.60%
Average Drawdown Average peak-to-trough decline	-0.64%	-1.43%	+0.79%

Volatility

Volatility by Period

	VMSB	VCOB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.79%	3.86%	-0.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.79%	3.86%	-0.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.79%	3.86%	-0.07%

VMSB vs. VCOB - Expense Ratio Comparison

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

Dividends

VMSB vs. VCOB - Dividend Comparison

VMSB's dividend yield for the trailing twelve months is around 2.82%, more than VCOB's 0.50% yield.

Position	TTM	2025
VCOB Voya Core Bond ETF	0.50%	0.49%
VMSB Voya Multi-Sector Income ETF	2.82%	0.71%

Frequently Asked Questions

Can I hold both VMSB and VCOB in my portfolio?

VMSB and VCOB have a correlation of 0.68, 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 VCOB?

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, VMSB or VCOB?

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

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

VMSB has the higher dividend yield at 2.82%, compared with 0.50% for VCOB.

What is the main difference between VMSB and VCOB?

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