PY vs MUSI

Comparison between PRINCIPAL VALUE ETF (PY, ETF) and AMERICAN CENTURY MULTISECTOR INCOME ETF (MUSI, ETF).

5-Year PerformancePY has outperformed MUSI, delivering a return of +7.5% compared to +2.2%

PY vs MUSI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PY(ETF)	MUSI(ETF)
Net Assets	$220M	$221M
Expense Ratio	0.15%	0.38%
Max Drawdown	45.51%	19.11%
Sharpe Ratio	0.99	0.59
5Y Beta	0.77	0.09
P/E Ratio	19.65	N/A
Forward P/E	15.32	N/A
PEG Ratio	0.51	N/A
5Y Dividends CAGR	2.26%	N/A
5Y EPS CAGR	12.97%	N/A
Debt to Equity	-4.33%	N/A
P/S Ratio	1.70	N/A
P/B Ratio	3.21	N/A

Net Assets

$220M

Winner

MUSI

$221M

Expense Ratio

Winner

0.15%

MUSI

0.38%

Max Drawdown

45.51%

Winner

MUSI

19.11%

Sharpe Ratio

Winner

0.99

MUSI

0.59

5Y Beta

0.77

Winner

MUSI

0.09

P/E Ratio

19.65

MUSI

N/A

Forward P/E

15.32

MUSI

N/A

PEG Ratio

0.51

MUSI

N/A

5Y Dividends CAGR

2.26%

MUSI

N/A

5Y EPS CAGR

12.97%

MUSI

N/A

Debt to Equity

-4.33%

MUSI

N/A

P/S Ratio

1.70

MUSI

N/A

P/B Ratio

3.21

MUSI

N/A

PY vs MUSI - Historical Returns

Returns include dividend reinvestment.

Period	PY	MUSI
1 month	+2.09%	+0.45%
3 months	+6.57%	+0.85%
6 months	+3.78%	+1.43%
1 year	+14.08%	+5.79%
5 years(CAGR)	+7.46%	+2.20%
10 years(CAGR)	+10.98%	N/A
Max(CAGR)	+10.70%	+2.20%

Winner

+2.09%

MUSI

+0.45%

Winner

+6.57%

MUSI

+0.85%

Winner

+3.78%

MUSI

+1.43%

Winner

+14.08%

MUSI

+5.79%

5Y(CAGR)

Winner

+7.46%

MUSI

+2.20%

10Y(CAGR)

+10.98%

MUSI

N/A

Max(CAGR)

Winner

+10.70%

MUSI

+2.20%

PY vs MUSI - Annual Returns (2016 - 2026)

Returns include dividend reinvestment.

Year	PY	MUSI
2026	+4.78%	+0.88%
2025	+8.05%	+8.37%
2024	+16.72%	+5.42%
2023	+9.40%	+7.25%
2022	-5.17%	-10.20%
2021	+34.81%	+0.58%
2020	+2.72%	N/A
2019	+25.50%	N/A
2018	-12.94%	N/A
2017	+19.10%	N/A
2016	+14.28%	N/A

PY vs MUSI Drawdown Comparison

The maximum drawdown for PY was -45.44%, occurring on Mar 23, 2020. Recovery took 223 trading sessions.

The maximum drawdown for MUSI was -13.91%, occurring on Oct 20, 2022. Recovery took 724 trading sessions.

The current PY drawdown is -0.23%. The current MUSI drawdown is -0.89%.

Rank	PY	MUSI
#1	-45.44% Jan 17, 2020 - Dec 4, 2020	-13.91% Sep 15, 2021 - Aug 2, 2024
#2	-20.71% Jan 26, 2018 - Nov 5, 2019	-3.22% Feb 28, 2025 - May 29, 2025
#3	-17.83% Nov 29, 2024 - Aug 22, 2025	-2.78% Feb 27, 2026 - Mar 27, 2026
#4	-17.72% Jan 14, 2022 - Dec 14, 2023	-2.25% Sep 16, 2024 - Feb 20, 2025
#5	-6.92% May 10, 2021 - Aug 27, 2021	-0.88% Sep 22, 2025 - Oct 21, 2025
#6	-6.46% Nov 12, 2021 - Dec 27, 2021	-0.82% Aug 2, 2024 - Aug 14, 2024
#7	-6.20% Feb 6, 2026 - Apr 30, 2026	-0.68% Oct 28, 2025 - Nov 24, 2025
#8	-6.10% Jul 16, 2024 - Aug 23, 2024	-0.64% Nov 26, 2025 - Dec 24, 2025
#9	-5.67% Mar 28, 2024 - Jul 11, 2024	-0.62% Jun 4, 2025 - Jun 20, 2025
#10	-5.34% Sep 2, 2021 - Oct 15, 2021	-0.54% Jun 30, 2025 - Jul 21, 2025
#11	-4.61% Mar 1, 2017 - Jul 3, 2017	-0.50% Jan 14, 2026 - Feb 3, 2026
#12	-4.47% Oct 27, 2025 - Dec 10, 2025	-0.33% Aug 5, 2021 - Aug 26, 2021
#13	-4.46% Feb 24, 2021 - Mar 8, 2021	-0.33% Jul 7, 2021 - Jul 30, 2021
#14	-4.32% Aug 23, 2016 - Nov 10, 2016	-0.32% Aug 14, 2024 - Aug 19, 2024
#15	-4.26% Apr 19, 2016 - Jun 6, 2016	-0.29% Aug 13, 2025 - Aug 22, 2025

Correlation

Correlation between PY and MUSI is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.

0.91

-101

Dividend Comparison (2016 - 2026)

PY vs MUSI dividend yield comparison.

Year	PY	MUSI
2026	0.40%	2.14%
2025	2.14%	5.74%
2024	2.22%	6.00%
2023	2.68%	5.20%
2022	3.02%	4.02%
2021	2.83%	1.62%
2020	2.95%	0.00%
2019	2.25%	0.00%
2018	2.34%	0.00%
2017	1.69%	0.00%
2016	1.85%	0.00%