- ISIN
- US3015054832
- CUSIP
- 301505483
- Issuer
- Exchange Traded Concepts
- Inception Date
- Jul 6, 2023
- Region
- Global (Broad)
- Category
- Communications Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- MUSQ Global Music Industry Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $25M
Share Price Chart
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Performance
MUSQ Performance Chart
MUSQ Global Music Industry Index ETF (MUSQ) is down 11.9% since the beginning of the year. MUSQ is currently trading at $25 per share.
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Returns By Period
MUSQ Global Music Industry Index ETF (MUSQ) has returned -11.86% so far this year and -9.77% over the past 12 months.
MUSQ Global Music Industry Index ETF
- 1D
- -2.32%
- 1M
- -6.08%
- YTD
- -11.86%
- 6M
- -10.42%
- 1Y
- -9.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
MUSQ Monthly Returns History
Based on dividend-adjusted daily data since Jul 7, 2023, MUSQ's average daily return is +0.01%, while the average monthly return is +0.13%. At this rate, an investment would double in approximately 44.5 years.
Historically, 50% of months were positive and 50% were negative. The best month was Jun 2025 with a return of +7.8%, while the worst month was Mar 2026 at -11.8%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 3 months.
On a daily basis, MUSQ closed higher 50% of trading days. The best single day was Apr 9, 2025 with a return of +8.3%, while the worst single day was Sep 3, 2024 at -6.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.73% | -1.06% | -11.80% | 5.73% | 3.28% | -5.88% | -11.86% | ||||||
| 2025 | 7.02% | 2.95% | -5.86% | 2.87% | 6.09% | 7.76% | -4.21% | 4.96% | 2.16% | -1.62% | -4.41% | 1.53% | 19.60% |
| 2024 | -2.63% | 0.85% | 2.98% | -3.76% | -0.89% | -0.40% | 0.48% | -3.20% | -0.80% | 0.55% | 2.95% | -0.94% | -4.94% |
| 2023 | 2.48% | -6.04% | -4.36% | -3.65% | 7.48% | 5.69% | 0.81% |
Benchmark Metrics
MUSQ Global Music Industry Index ETF has an annualized alpha of -14.36%, beta of 0.92, and R2 of 0.59 versus S&P 500 Index. Calculated based on daily prices since July 07, 2023.
- This ETF participated in 111.94% of S&P 500 Index downside but only 39.31% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -14.36% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 0.92 and R2 of 0.59, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -14.36%
- Beta
- 0.92
- R²
- 0.59
- Upside Capture
- 39.31%
- Downside Capture
- 111.94%
Expense Ratio
MUSQ has an expense ratio of 0.76%, placing it in the medium range.
Return for Risk
Risk / Return Rank
MUSQ ranks 4 for risk / return — in the bottom 4% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for MUSQ Global Music Industry Index ETF (MUSQ) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MUSQ | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.60 | ||
| Sortino ratioReturn per unit of downside risk | -3.46 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.37 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | 2.78 | -3.21 |
| Martin ratioReturn relative to average drawdown | -0.97 | 12.44 | -13.41 |
Dividends
Dividend History
MUSQ Global Music Industry Index ETF provided a 0.72% dividend yield over the last twelve months, with an annual payout of $0.18 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $0.18 | $0.18 | $0.26 | $0.19 |
Dividend yield | 0.72% | 0.63% | 1.08% | 0.74% |
Monthly Dividends
The table displays the monthly dividend distributions for MUSQ Global Music Industry Index ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.26 | $0.26 |
| 2023 | $0.19 | $0.19 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the MUSQ Global Music Industry Index ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the MUSQ Global Music Industry Index ETF was 23.11%, occurring on Mar 27, 2026. The portfolio has not yet recovered.
The current MUSQ Global Music Industry Index ETF drawdown is 17.77%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -23.11%Mar 2026 | 6mo 11d | — | 9mo 9dSep 2025 - now |
2025 selloff2025 | -18.82%Apr 2025 | 1mo 19d | 1mo 12d | 3mo 1dFeb 2025 - May 2025 |
2023 correction2023 | -15.69%Oct 2023 | 3mo 10d | 6mo 12d | 9mo 22dJul 2023 - May 2024 |
2024 correction2024 | -14.51%Sep 2024 | 3mo 29d | 4mo 29d | 8mo 28dMay 2024 - Jan 2025 |
2025 pullback2025 | -7.33%Aug 2025 | 8d | 12d | 20dJul 2025 - Aug 2025 |
Drawdown Indicators
| MUSQ | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.11% | -56.78% | +33.67% |
Max Drawdown (1Y)Largest decline over 1 year | -23.11% | -9.10% | -14.01% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -17.77% | -1.80% | -15.97% |
Average DrawdownAverage peak-to-trough decline | -6.73% | -10.71% | +3.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.07% | 2.03% | +8.04% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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