VMSB vs. VGMS

Last updated Jun 26, 2026

VMSB (Voya Multi-Sector Income ETF) and VGMS (Vanguard Multi-Sector Income Bond 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 0.30%/yr for VGMS.

Performance

VMSB vs. VGMS - Performance Comparison

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

Returns By Period

In the year-to-date period, VMSB achieves a 1.14% return, which is significantly lower than VGMS's 1.66% return.

VMSB

• 1D: -0.02%
• 1M: 0.63%
• YTD: 1.14%
• 6M: 1.19%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VGMS

• 1D: -0.02%
• 1M: 0.61%
• YTD: 1.66%
• 6M: 1.66%
• 1Y: 6.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VMSB vs. VGMS - Yearly Performance Comparison

	2026 (YTD)	2025
VMSB Voya Multi-Sector Income ETF	1.14%	-0.36%
VGMS Vanguard Multi-Sector Income Bond ETF	1.66%	0.49%

Correlation

The correlation between VMSB and VGMS 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. VGMS — 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.

VGMS

VGMS Risk / Return Rank: 70
VGMS Sharpe Ratio Rank: 70
VGMS Sortino Ratio Rank: 75
VGMS Omega Ratio Rank: 73
VGMS Calmar Ratio Rank: 60
VGMS Martin Ratio Rank: 72

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. VGMS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya Multi-Sector Income ETF (VMSB) and Vanguard Multi-Sector Income Bond ETF (VGMS). 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	VGMS	Difference
Sharpe ratio: Return per unit of total volatility	—	1.95	—
Sortino ratio: Return per unit of downside risk	—	2.91	—
Omega ratio: Gain probability vs. loss probability	—	1.38	—
Calmar ratio: Return relative to maximum drawdown	—	2.58	—
Martin ratio: Return relative to average drawdown	—	11.69	—

Drawdowns

VMSB vs. VGMS - Drawdown Comparison

The maximum VMSB drawdown since its inception was -2.57%, roughly equal to the maximum VGMS drawdown of -2.46%. Use the drawdown chart below to compare losses from any high point for VMSB and VGMS.

Drawdown Indicators

	VMSB	VGMS	Difference
Max Drawdown Largest peak-to-trough decline	-2.57%	-2.46%	-0.11%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.46%	—
Current Drawdown Current decline from peak	-0.25%	-0.02%	-0.23%
Average Drawdown Average peak-to-trough decline	-0.69%	-0.30%	-0.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.54%	—

Volatility

Volatility by Period

	VMSB	VGMS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.04%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.64%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.80%	3.25%	+0.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.80%	3.23%	+0.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.80%	3.23%	+0.57%

VMSB vs. VGMS - Expense Ratio Comparison

VMSB has a 0.45% expense ratio, which is higher than VGMS's 0.30% expense ratio.

Dividends

VMSB vs. VGMS - Dividend Comparison

VMSB's dividend yield for the trailing twelve months is around 2.34%, less than VGMS's 5.13% yield.

Position	TTM	2025
VGMS Vanguard Multi-Sector Income Bond ETF	5.13%	2.94%
VMSB Voya Multi-Sector Income ETF	2.34%	0.71%

Frequently Asked Questions

Can I hold both VMSB and VGMS in my portfolio?

VMSB and VGMS 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 VGMS?

On fees, VGMS is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VMSB or VGMS?

VGMS is cheaper with a 0.30% expense ratio, compared with 0.45% for VMSB.

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

VGMS has the higher dividend yield at 5.13%, compared with 2.34% for VMSB.

What is the main difference between VMSB and VGMS?

They also come from different issuers: Voya and Vanguard. Their fees differ too: 0.45% for VMSB and 0.30% for VGMS.