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MUSQ Global Music Industry Index ETF (MUSQ) Sharpe Ratio: -0.57

ETF · Currency in USD · Last updated Jun 23, 2026

MUSQ is a passive ETF by Exchange Traded Concepts tracking the investment results of the MUSQ Global Music Industry Index. MUSQ launched on Jul 6, 2023 and has a 0.76% expense ratio.

MUSQ's Sharpe Ratio of -0.57 indicates that for each unit of volatility, it generates -0.57 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 23, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

MUSQ Sharpe Ratio Rank

MUSQ Sharpe Ratio Rank: 4.34
Concerning

MUSQ ranks above 4.3% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating weak returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Weak risk-adjusted returns relative to category peers
  • Evaluate whether this holding aligns with your risk-return objectives
  • Consider reducing exposure or re-evaluating position size
  • Review higher-ranked alternatives in the same category

MUSQ Sharpe Ratio Market Positioning

The chart shows MUSQ's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.86 or lower
  • Yellow zone (middle 50%): 0.86 to 2.31
  • Green zone (top 25%): 2.31 or higher
  • Top 1%: 7.41+
  • Median: 1.67 — half of all investments score higher

How it compares to other similar ETFs

The table compares MUSQ Global Music Industry Index ETF's Sharpe Ratio with other ETFs in the Communications Equities category across multiple time periods, showing how MUSQ's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 23, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
XTLSPDR S&P Telecom ETF3.51
IYZiShares U.S. Telecommunications ETF2.76
FDCFFidelity Disruptive Communications ETF0.94
VOXVanguard Communication Services ETF0.87
FMETFidelity Metaverse ETF0.76
XLCCommunication Services Select Sector SPDR Fund0.41
RSPCInvesco S&P 500 Equal Weight Communication Services ETF-0.17
MUSQMUSQ Global Music Industry Index ETF-0.57
ONDProShares On-Demand ETF-0.69
GXPCGlobal X PureCap MSCI Communication Services ETF—

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows MUSQ's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when MUSQ consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

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