MUSE vs VOO
MUSE vs VOO
TCW Multisector Credit Income ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | MUSE | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.56% | 0.03% | |
| AUM | $40M | $979.0B | |
| Dividend Yield | 7.67% | 1.09% | |
| Holdings | 260 | 509 | |
| YTD Return | +2.30% | +13.11% | |
| 1Y Return | +5.28% | +22.88% | |
| 3Y Return (annualized) | - | +21.08% | |
| 5Y Return (annualized) | - | +13.26% | |
| Volatility (annualized) | 2.9% | 14.1% | |
| Max Drawdown | -3.6% | -34.3% | |
| Fund Family | TCW ETFs | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Nov 15, 2024 | Sep 7, 2010 |
MUSE vs VOO Performance
TCW Multisector Credit Income ETF (MUSE) is a ETF from TCW ETFs and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year MUSE returned +5.28% while VOO returned +22.88%. Year to date, MUSE is up 2.30% versus a gain of 13.11% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 2.9% for MUSE. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -3.6% for MUSE and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
MUSE charges 0.56% per year while VOO charges 0.03%. On a $10,000 position that is $56 vs $3 annually, a gap of $53 per year that compounds over a long holding period. On income, MUSE currently yields 7.67% against 1.09% for VOO.
Holdings Overlap
MUSE and VOO share 1 holdings out of 648 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in MUSE | Weight in VOO | Difference |
|---|---|---|---|
| CNP | 0.64% | 0.04% | 0.60% |
Frequently Asked Questions
Which is cheaper, MUSE or VOO?
MUSE has an expense ratio of 0.56% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $53 per year of difference.
Which performed better, MUSE or VOO?
Over the past year MUSE returned +5.28% vs +22.88% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (2 years), MUSE annualized +6.38% vs +13.54% for VOO. Past performance does not guarantee future results.
Which is riskier, MUSE or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 2.9% for MUSE. Worst drawdown: MUSE -3.6% vs VOO -34.3%.
Should I hold both MUSE and VOO?
MUSE and VOO have a monthly-return correlation of 0.84, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MUSE and VOO?
MUSE and VOO share 1 common holdings with a 0.0% weight overlap. Combined, they hold 648 unique securities.
Which pays a higher dividend, MUSE or VOO?
MUSE yields 7.67% while VOO yields 1.09%, so MUSE currently pays the higher dividend yield.
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