Skip to content
etf.net

MSTI vs VGMS

Madison Short Term Strategic Income ETF

MSTIBNYSE Arca

Vanguard Multi-Sector Income Bond ETF

VGMSACboe

Overlap

No data

Expense ratio

VGMS −0.06pt a year

MSTI0.36%VGMS0.30%

Avg volume · 30D

VGMS 47.6×the volume

MSTI1.69KVGMS80.4K

MSTI vs VGMS Performance

Oct 31, 2025 – Nov 2, 2026

+2.1%MSTI+1.6%VGMS

Oct 31, 2025 to Nov 2, 2026. MSTI +2.1%. VGMS +1.6%. Use the arrow keys to read each point.0%1%3%Oct 2025May 2026Nov 2026
Expense ratio
MSTI 0.36%
VGMS 0.30%, better
Fund size
MSTI $48M
VGMS $298M
1Y total return
MSTI +2.1%, better
VGMS +1.6%
Yield (12M)
MSTI 5.40%
VGMS 6.00%, better
Holdings
MSTI 110
VGMS 1200
Avg volume (30D)
MSTI 1.69K sh
VGMS 80.4K sh, better
NAV per share
MSTI $19.94
VGMS $49.75
52W range

ETF.net Grade

MSTI: Cost 92, Risk 69, Mission 65, Tradability 24, Holdings 76, Durability 52. VGMS: Cost 100, Risk 71, Mission 95, Tradability 61, Holdings 100, Durability 71.
Pillar letters and Scores for MSTI, VGMS, with each pillar’s weight
PillarMSTIVGMS
Cost30% weightA92A100Higher
Mission25% weightB65A95Higher
Risk15% weightB69A71Higher
Tradability15% weightF24B61Higher
Holdings10% weightA76A100Higher
Durability5% weightC52A71Higher

Rank among Multi-Sector Bond Income funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. MSTI and VGMS are both graded against the same 23 Multi-Sector Bond Income funds, so their Grades compare head to head.

Multi-Sector Bond Income⁠

Category · 23 funds
See all 23 ›

VGMS ranks 1st and MSTI 6th of 23 funds in the Multi-Sector Bond Income Category.

  1. Rank 1AVGMSVanguard Multi-Sector Income Bond ETFScore 87
  2. Rank 2AAINPAllspring Income Plus ETFScore 72
  3. Rank 5BTMBThornburg Multi Sector Bond ETFScore 70
  4. Rank 6BMSTIMadison Short Term Strategic Income ETFScore 67
  5. Rank 6BTMSFT. Rowe Price Multi-Sector Income ETFScore 67

Our read on each fund

ETF.net Research

MSTIBMadison Short Term Strategic Income ETF

VGMSAVanguard Multi-Sector Income Bond ETF

In short

MSTI Madison's mandate here fits on one line: a high level of current income from short-dated bonds, paid out monthly. Compact portfolio, roughly 100 positions, at a fee that sits under the typical bond ETF in its peer group.

VGMS No data

Stated mandate

MSTI The Fund seeks to generate a high level of current income.

VGMS No data

Why people hold it

  • MSTI A 0.36% expense ratio undercuts the median fee among its bond peers, so less of the coupon leaks out on the way to you.
  • Income is the entire job. The stated objective is a high level of current income, and the fund pays monthly rather than quarterly.
  • Short-maturity by design, which structurally dampens sensitivity to long-end rate moves compared with broad or long-dated bond funds.
  • Roughly 100 positions in a plain 1940 Act fund wrapper: readable, no derivatives-heavy machinery to decode.

VGMS No data

Worth knowing

  • MSTI It trades thinly and stays small, so the bid-ask spread on a given trade can matter more to your cost than the annual fee does.
  • Launched in 2023, so the live record is short and does not cover a full rate cycle.
  • No declared target payout rate. The monthly distribution floats with whatever the portfolio actually earns.

VGMS No data

Full MSTI profile⁠

Full VGMS profile⁠

MSTI vs VGMS Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

MSTI vs VGMS Cost

Overpaying MSTI vs VGMS

$1,171

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • MSTI 0.36%

    $7,320

  • VGMS 0.30%

    $6,149

$10,000
30 years

Cost over time

  • MSTI 0.36%
  • VGMS 0.30%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530MSTI $7,320VGMS $6,149

Year by year

YearMSTIVGMSOverpaying
10$652$545$107
20$2,522$2,113$409
30$7,320$6,149$1,171

Expense ratio

  • 0.36%MSTI
  • 0.30%VGMS, cheaper
  • Middle half of Multi-Sector Bond Income funds
  • Median 0.60%

VGMS cheapest of 23 funds

MSTI 3rd cheapest of 23 funds

MSTI vs VGMS Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
MSTI 5.40%
VGMS 6.00%, better
Payout (12M)
MSTI $1.08
VGMS $2.98
Last payment
MSTI $0.09
VGMS $0.20
Ex-dividend
MSTI Oct 28, 2026
VGMS Nov 2, 2026
Paid on
MSTI Oct 30, 2026
VGMS Pays Nov 4, 2026
Frequency
MSTI Monthly
VGMS Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

MSTIMonthly · 38 paymentsAll MSTI payments⁠
One bar per payment. 38 payments from 2023 to 2026 YTD. Sep 26, 2023 $0.02; Oct 26, 2023 $0.09; Nov 27, 2023 $0.09; Dec 26, 2023 $0.12; Jan 26, 2024 $0.07; Feb 26, 2024 $0.09; Mar 26, 2024 $0.10; Apr 25, 2024 $0.09; May 29, 2024 $0.11; Jun 26, 2024 $0.08; Jul 26, 2024 $0.07; Aug 27, 2024 $0.09; Sep 26, 2024 $0.08; Oct 28, 2024 $0.09; Nov 26, 2024 $0.09; Dec 27, 2024 $0.15; Jan 29, 2025 $0.08; Feb 26, 2025 $0.04; Mar 27, 2025 $0.09; Apr 28, 2025 $0.09; May 28, 2025 $0.09; Jun 26, 2025 $0.08; Jul 29, 2025 $0.08; Aug 27, 2025 $0.08; Sep 26, 2025 $0.08; Oct 29, 2025 $0.09; Nov 26, 2025 $0.08; Dec 26, 2025 $0.22; Jan 28, 2026 $0.07; Feb 25, 2026 $0.02; Mar 27, 2026 $0.09; Apr 28, 2026 $0.09; May 27, 2026 $0.08; Jun 26, 2026 $0.08; Jul 29, 2026 $0.09; Aug 27, 2026 $0.08; Sep 28, 2026 $0.08; Oct 28, 2026 $0.09. Use the arrow keys to read each point.$0$0.2520232026YTD
VGMSMonthly · 17 paymentsAll VGMS payments⁠
One bar per payment. 17 payments from 2023 to 2026 YTD. Jul 1, 2025 $0.11; Aug 1, 2025 $0.22; Sep 2, 2025 $0.20; Oct 1, 2025 $0.22; Nov 3, 2025 $0.21; Dec 1, 2025 $0.21; Dec 18, 2025 $0.34; Feb 2, 2026 $0.23; Mar 2, 2026 $0.20; Apr 1, 2026 $0.23; May 1, 2026 $0.22; Jun 1, 2026 $0.23; Jul 1, 2026 $0.22; Aug 3, 2026 $0.23; Sep 1, 2026 $0.23; Oct 1, 2026 $0.22; Nov 2, 2026 $0.20. Use the arrow keys to read each point.$0$0.2520232026YTD

MSTI vs VGMS Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
MSTI 2.7%VGMS 3.4%since Jul 2025
Return per unit of riskSharpe ratio, 3 years
MSTI 0.45VGMS −0.10since Jul 2025
Worst fallMax drawdown, 5 years
MSTI −1.7%since Sep 2023VGMS −2.7%since Jun 2025
Market sensitivityBeta, 5 years
MSTI 0.10VGMS 0.14

MSTI and VGMS in the news

All news⁠

Popular comparisons

  • MSTIBvsAINPA

    Madison Short Term Strategic Income ETF · Allspring Income Plus ETF

    Expense ratio
    0.36% · 0.36%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • VGMSAvsAINPA

    Vanguard Multi-Sector Income Bond ETF · Allspring Income Plus ETF

    Expense ratio
    0.30% · 0.36%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • MSTIBvsGINCA

    Madison Short Term Strategic Income ETF · Goldman Sachs ETF Trust

    Expense ratio
    0.36% · 0.40%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • VGMSAvsGINCA

    Vanguard Multi-Sector Income Bond ETF · Goldman Sachs ETF Trust

    Expense ratio
    0.30% · 0.40%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • MSTIBvsXAGGA

    Madison Short Term Strategic Income ETF · Eaton Vance Strategic Income Opportunities ETF

    Expense ratio
    0.36% · 0.50%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • VGMSAvsXAGGA

    Vanguard Multi-Sector Income Bond ETF · Eaton Vance Strategic Income Opportunities ETF

    Expense ratio
    0.30% · 0.50%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.