TCW Multisector Credit Income ETF (MUSE) Performance
MUSE total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +1.3% since Dec 31, 2025
- 1 year
- +2.5% total return
- Since first price
- +10.1% since 2024
MUSE trailing returns vs AGG, TLT, SPY
| Period | MUSE total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | −1.4% | −2.1% | +0.9% | +1.5% | −1.0% |
| 3 months | −1.1% | −3.0% | −0.4% | −1.0% | +3.2% |
| 6 months | −0.0% | −3.8% | −1.5% | −3.8% | +7.8% |
| YTD | +1.3% | −4.2% | −1.0% | −3.4% | +12.3% |
| 1 year | +2.5% | −5.2% | −1.1% | −6.9% | +14.4% |
| Since inceptionNov 18, 2024 | +10.1% | −4.0% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: MUSE vs AGG
From Nov 18, 2024: MUSE grew to $11,008, AGG to $10,591.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
MUSE returns by calendar year
1 of 1 full years positive. Best 2025 (+8.3%), worst 2025 (+8.3%). 2026 is year to date.
MUSE annual returns table
| Year | MUSE | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | +1.3% | −3.2% | −1.0% | −3.4% | +12.3% |
| 2025 | +8.3% | −3.6% | +7.2% | +4.3% | +17.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
MUSE risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +5.4% |
| Volatility (annualized) | 3.3% |
| Sharpe ratio | 0.44 |
| Sortino ratio | 0.62 |
| Best month | +2.1% |
| Worst month | −1.8% |
| Best 12 months | +9.3% |
| Worst 12 months | +2.8% |
| Positive months | 73% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
MUSE rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 12 | +2.0% | +7.5% | +9.3% | 100% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
MUSE performance overview
TCW Multisector Credit Income ETF (MUSE) returned +2.5% over the past year, with distributions reinvested. Since its first recorded price on Nov 18, 2024 it has returned +10.1%. Over the same year U.S. bonds (AGG) returned −1.1%.
Related: MUSE chart, MUSE dividends, MUSE bond profile. See the MUSE overview for the latest quote and fund facts.
MUSE performance FAQ
What is the MUSE return over the past year?
MUSE returned +2.5% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 5.2%.
How much would $10,000 invested in MUSE be worth?
$10,000 invested in MUSE at its first recorded close on November 18, 2024 would be worth about $11,008 on October 23, 2026 with distributions reinvested.
How volatile is MUSE?
Over the past history MUSE had an annualized volatility of 3.3% and a Sharpe ratio of 0.44 (excess return over 1–3 month T-bills per unit of risk).