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TMSF vs VGMS

T. Rowe Price Multi-Sector Income ETF

TMSFBNasdaq

Vanguard Multi-Sector Income Bond ETF

VGMSACboe

Overlap

No data

Expense ratio

VGMS −0.11pt a year

TMSF0.41%VGMS0.30%

Avg volume · 30D

VGMS 47.7×the volume

TMSF1.68KVGMS80.4K

TMSF vs VGMS Performance

Dec 31, 2025 – Oct 30, 2026

+1.8%TMSF+0.6%VGMS

Dec 31, 2025 to Oct 30, 2026. TMSF +1.8%. VGMS +0.6%. Use the arrow keys to read each point.−1%0%3%Dec 2025Jun 2026Oct 2026
Expense ratio
TMSF 0.41%
VGMS 0.30%, better
Fund size
TMSF $58M
VGMS $298M
1Y total return
TMSF No data
VGMS +1.8%
Yield (12M)
TMSF No data
VGMS 5.56%
Holdings
TMSF 346
VGMS 1190
Avg volume (30D)
TMSF 1.68K sh
VGMS 80.4K sh, better
NAV per share
TMSF $49.04
VGMS $49.75
52W range

ETF.net Grade

TMSF: Cost 75, Risk 71, Mission 95, Tradability 29, Holdings 44, Durability 39. VGMS: Cost 100, Risk 71, Mission 95, Tradability 61, Holdings 100, Durability 71.
Pillar letters and Scores for TMSF, VGMS, with each pillar’s weight
PillarTMSFVGMS
Cost30% weightA75A100Higher
Mission25% weightA95A95
Risk15% weightA71A71
Tradability15% weightD29B61Higher
Holdings10% weightC44A100Higher
Durability5% weightD39A71Higher

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. TMSF 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 TMSF 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 6BMSTIMadison Short Term Strategic Income ETFScore 67
  4. Rank 6BTMSFT. Rowe Price Multi-Sector Income ETFScore 67
  5. Rank 8BGCPBGoldman Sachs ETF TrustScore 63

Our read on each fund

ETF.net Research

TMSFBT. Rowe Price Multi-Sector Income ETF

VGMSAVanguard Multi-Sector Income Bond ETF

In short

TMSF T. Rowe's bond desk, off the leash: high yield, bank loans, securitized credit, emerging market debt and developed government bonds, with the mix shifting as its managers' outlook does. No index, 0.41%, no waiver.

VGMS No data

Stated mandate

TMSF The fund seeks high income together with some capital appreciation.

VGMS No data

Why people hold it

  • TMSF The holdings match the brochure: a diversified global credit portfolio that follows its stated multi-sector mandate closely, and one of the stronger builds in its peer group.troweprice.com
  • 0.41% with no waiver propping it up: below the category median and under TMB (0.55%) and XAGG (0.50%), though Vanguard's VGMS runs 0.30%.
  • Active allocation is the point. Managers shift between sectors on their read of rates, business cycles and issuer conditions to reach the income-rich corners.sec.gov
  • Run by four co-portfolio managers from T. Rowe's fixed income group, a shop that has been building active ETFs since 2020.troweprice.com

VGMS No data

Worth knowing

  • TMSF Young and thinly traded. Limit orders and a glance at the bid-ask spread matter more here than with the category's household names.
  • High yield bonds, bank loans and emerging market debt swing harder than government paper; the prospectus spells out the extra credit and price risk.sec.gov
  • Launched in November 2025, so there is only a short record to judge, and risk readings rest on about a year of data.

VGMS No data

Full TMSF profile⁠

Full VGMS profile⁠

TMSF 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.

TMSF vs VGMS Cost

Overpaying TMSF vs VGMS

$2,132

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

  • TMSF 0.41%

    $8,281

  • VGMS 0.30%

    $6,149

$10,000
30 years

Cost over time

  • TMSF 0.41%
  • 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$8K$10K051015202530TMSF $8,281VGMS $6,149

Year by year

YearTMSFVGMSOverpaying
10$741$545$196
20$2,860$2,113$747
30$8,281$6,149$2,132

Expense ratio

  • 0.41%TMSF
  • 0.30%VGMS, cheaper
  • Middle half of Multi-Sector Bond Income funds
  • Median 0.60%

VGMS cheapest of 23 funds

TMSF 7th cheapest of 23 funds

TMSF vs VGMS Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
TMSF No data
VGMS 5.56%
Payout (12M)
TMSF No data
VGMS $2.77
Last payment
TMSF $0.25
VGMS $0.22
Ex-dividend
TMSF Oct 27, 2026
VGMS Oct 1, 2026
Paid on
TMSF Oct 29, 2026
VGMS Oct 5, 2026
Frequency
TMSF Monthly
VGMS Monthly

Distribution history

Per share, 2025 to 2026, same scale for both

TMSFMonthly · 11 paymentsAll TMSF payments⁠
One bar per payment. 11 payments from 2025 to 2026 YTD. Dec 23, 2025 $0.38; Jan 27, 2026 $0.25; Feb 24, 2026 $0.22; Mar 26, 2026 $0.22; Apr 27, 2026 $0.23; May 26, 2026 $0.23; Jun 25, 2026 $0.11; Jul 28, 2026 $0.23; Aug 26, 2026 $0.22; Sep 25, 2026 $0.24; Oct 27, 2026 $0.25. Use the arrow keys to read each point.$0$0.252026YTD
VGMSMonthly · 16 paymentsAll VGMS payments⁠
One bar per payment. 16 payments from 2025 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. Use the arrow keys to read each point.$0$0.252026YTD

TMSF vs VGMS Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
TMSF No dataVGMS 3.4%since Jul 2025
Return per unit of riskSharpe ratio, 3 years
TMSF No dataVGMS −0.10since Jul 2025
Worst fallMax drawdown, 5 years
TMSF No dataVGMS −2.7%since Jun 2025
Market sensitivityBeta, 5 years
TMSF 0.18VGMS 0.14

TMSF and VGMS in the news

All news⁠

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