MUSIvsNBTRETF Comparison
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American Century Multisector Income ETF (MUSI) belongs to the Intl Aggregate Bonds segment. Neuberger Berman Total Return Bond ETF (NBTR) is part of the US Aggregate Bonds segment. MUSI's top 3 sector exposures are Finance, Sovereign and Industrials. In contrast, NBTR's top sector exposures are Sovereign, Industrials and Finance. MUSI is less expensive with a Total Expense Ratio (TER) of 0.38%, versus 0.94% for NBTR. MUSI is up 0.53% year-to-date (YTD) with +$79M in YTD flows. NBTR performs worse with -0.06% YTD performance, and +$2M in YTD flows. Run a side-by-side ETF comparison of MUSI and NBTR below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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MUSI vs NBTR performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/31/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MUSI NBTR | +0.41%+0.44% | -0.22%-0.65% | +0.53%-0.06% | +2.74%+2.46% | +20.10%n/a | +10.62%n/a |
| Flows | MUSI NBTR | +$15M+$1M | +$46M+$1M | +$79M+$2M | +$94M+$5M | +$102M- | +$198M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MUSI NBTR | +3.17%+3.58% | +3.00%+3.33% | +3.92%n/a | +4.20%n/a |
| Max drawdown | MUSI NBTR | -1.32%-1.75% | -2.65%-2.48% | -3.35%n/a | -13.69%n/a |
| Max drawdown duration | MUSI NBTR | 63d63d | 183d183d | 74dn/a | 1051dn/a |
Trading data
MUSI | NBTR | |
Last sale 9/1/2026 at 1:30 PM | $43.00 | $48.91 |
| Previous close 08/31/2026 | $43.06 | $49.01 |
| Consolidated volume 08/31/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/1/2026 at 1:30 PM
Live
Closed
MUSI | NBTR | |
|---|---|---|
| Last price | $43.00 | $48.91 |
| 1D performance | -0.15% | -0.22% |
| AuM | $262.65 M | $55.08 M |
| E/R | 0.38% | 0.94% |
Characteristics
MUSI | NBTR | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | American Century Investments | Neuberger Berman |
| Benchmark | - | - |
| N° of holdings | 273 | 292 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 1, 2021 | December 17, 2024 |
| ESG | No | No |
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Exposure
Countries
MUSI
USA
44.35%
Other
55.65%
NBTR
USA
62.82%
Other
37.18%
Sectors
MUSI
Finance
17.68%
Sovereign
11.68%
Other
70.64%
NBTR
Sovereign
24.99%
Industrials
12.54%
Finance
11.73%
Other
50.74%
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Diversification
MUSI
Total weight of top 15 holdings out of 15
15.87%
NBTR
Total weight of top 15 holdings out of 15
21.49%
Top 15 holdings
Data as of July 31, 2026
MUSI
USA, Notes 4.125% 31may2031, USD (Z-2031)
3.65%
USA, Bonds 4.75% 15feb2056, USD
2.71%
FR SD8474, 5% 1nov2054, USD (ABS)
1.86%
USA, Notes 4.25% 31may2033, USD (L-2033)
1.24%
USA, Notes 4.125% 30jun2028, USD (BD-2028)
1.13%
USA, Notes 4.125% 30jun2031, USD (AA-2031)
1.06%
USA, Notes 4.625% 15sep2026, USD (AS-2026)
0.64%
USA, Notes 4.375% 31jul2031, USD (AB-2031)
0.54%
Bank of Montreal, 7.7% 26may2084, USD
0.53%
Ladder Capital Finance Corp., 7% 15jul2031, USD
0.49%
Build NYC Resource Corp., 7% 15dec2030, USD (2026C)
0.44%
BNP Paribas, 8.5% perp., USD
0.42%
UBS Group, 9.25% perp., USD
0.39%
Amazon.com, 4.55% 13mar2033, USD
0.38%
US729906AH00
0.38%
NBTR
USA, Notes 4.375% 15may2036, USD (C-2036)
2.99%
USA, Notes 3.5% 31jan2028, USD (U-2028)
2.79%
USA, Notes 4.125% 31jul2028, USD (AB-2028)
1.95%
USA, Notes 4.25% 15may2035, USD (C-2035)
1.81%
USA, Notes 3.625% 31dec2030, USD (AH-2030)
1.72%
USA, Notes 3.875% 31mar2028, USD (AZ-2028)
1.53%
USA, Notes 4.25% 30jun2033, USD (M-2033)
1.19%
USA, Bonds 5% 15may2056, USD
1.10%
USA, Notes 4.625% 15feb2035, USD (B-2035)
1.05%
USA, Notes 2.875% 15may2028, USD (C-2028)
0.97%
US13877LAS51
0.93%
Aimco CLO 2017-AA, FRN 20jan2038, USD (ABS, AR2)
0.93%
USA, Notes 4.125% 30jun2031, USD (AA-2031)
0.85%
USA, Bonds 4% 15nov2052, USD
0.85%
US3132DWJR51
0.83%
Frequently asked questions about MUSI and NBTR
How have the MUSI and NBTR ETFs performed in 2026?
As of August 31, 2026, MUSI is up 0.53% year-to-date (YTD), while NBTR has lost -0.06%. That puts MUSI better performer ahead so far this year.
Which ETF is attracting more investor money: MUSI or NBTR?
Year-to-date, the MUSI ETF saw +$79M in flows, compared to +$2M for NBTR.
Which ETF is more volatile: MUSI or NBTR?
Over the past year, MUSI had a volatility of 3%, while NBTR experienced 3.33%.
Which ETF is bigger: MUSI or NBTR?
As of August 31, 2026, MUSI holds $262.65 M in assets under management (AUM), while NBTR manages $55.08 M.
What sectors do the MUSI and NBTR ETFs invest in?
MUSI leans toward sectors like Finance and Sovereign. Meanwhile, NBTR focuses on Sovereign, Industrials and Finance.
What are the top holdings of the MUSI ETF and NBTR ETF?
MUSI top holdings include USA, Notes 4.125% 31may2031, USD (Z-2031), USA, Bonds 4.75% 15feb2056, USD and FR SD8474, 5% 1nov2054, USD (ABS). NBTR holds in its top three: USA, Notes 4.375% 15may2036, USD (C-2036), USA, Notes 3.5% 31jan2028, USD (U-2028) and USA, Notes 4.125% 31jul2028, USD (AB-2028).
Which ETF is more diversified: MUSI or NBTR?
MUSI holds 398 securities with 15.87% of its assets in the top 15. NBTR has 440 securities and a top 15 weight of 21.49%.
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