AMOM vs. MUSQ

Last updated Jul 14, 2026

AMOM (QRAFT AI-Enhanced U.S. Large Cap Momentum ETF) and MUSQ (MUSQ Global Music Industry Index ETF) are both exchange-traded funds - AMOM is a Momentum fund actively managed by Exchange Traded Concepts, while MUSQ is a Communications Equities fund tracking the MUSQ Global Music Industry Index. AMOM is actively managed, while MUSQ is passively managed. Over the past 3 years, AMOM returned 22.99%/yr vs 1.11%/yr for MUSQ. A 0.57 correlation means they provide meaningful diversification when combined. AMOM charges 0.75%/yr vs 0.76%/yr for MUSQ.

Performance

AMOM vs. MUSQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM) and MUSQ Global Music Industry Index ETF (MUSQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMOM achieves a 21.66% return, which is significantly higher than MUSQ's -8.65% return.

AMOM

• 1D: -1.47%
• 1M: -2.88%
• 6M: 17.31%
• YTD: 21.66%
• 1Y: 30.17%
• 3Y*: 22.99%
• 5Y*: 10.90%
• 10Y*: —

MUSQ

• 1D: 0.04%
• 1M: 1.13%
• 6M: -9.08%
• YTD: -8.65%
• 1Y: -8.68%
• 3Y*: 1.11%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AMOM vs. MUSQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AMOM QRAFT AI-Enhanced U.S. Large Cap Momentum ETF	21.66%	7.69%	35.79%	7.95%
MUSQ MUSQ Global Music Industry Index ETF	-8.65%	19.60%	-4.94%	0.81%

Correlation

The correlation between AMOM and MUSQ is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (All Time) Calculated using the full available price history since Jul 7, 2023	0.57

The correlation between AMOM and MUSQ shifts across timeframes, from 0.45 (1 year) to 0.57 (3 years), reflecting how their relationship changes across market environments.

AMOM vs. MUSQ - Sectors Allocation Comparison

Sectors	AMOM	MUSQ
Technology	50.2%	14.1%
Industrials	21.9%	0.5%
Energy	11.8%	-
Healthcare	7.7%	-
Communication Services	7.4%	70.0%
Financial Services	6.2%	-
Consumer Defensive	5.0%	-
Basic Materials	4.6%	-
Consumer Cyclical	3.0%	11.2%
Real Estate	1.9%	-
Utilities	1.1%	-

Return for Risk

AMOM vs. MUSQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AMOM

AMOM Risk / Return Rank: 47
AMOM Sharpe Ratio Rank: 41
AMOM Sortino Ratio Rank: 38
AMOM Omega Ratio Rank: 41
AMOM Calmar Ratio Rank: 58
AMOM Martin Ratio Rank: 55

MUSQ

MUSQ Risk / Return Rank: 5
MUSQ Sharpe Ratio Rank: 5
MUSQ Sortino Ratio Rank: 5
MUSQ Omega Ratio Rank: 5
MUSQ Calmar Ratio Rank: 6
MUSQ Martin Ratio Rank: 5

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AMOM vs. MUSQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM) and MUSQ Global Music Industry Index ETF (MUSQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	AMOM	MUSQ	Difference
Sharpe ratio: Return per unit of total volatility	1.16	-0.50	+1.66
Sortino ratio: Return per unit of downside risk	1.62	-0.60	+2.23
Omega ratio: Gain probability vs. loss probability	1.22	0.93	+0.28
Calmar ratio: Return relative to maximum drawdown	2.31	-0.38	+2.69
Martin ratio: Return relative to average drawdown	7.47	-0.80	+8.27

AMOM vs. MUSQ - Sharpe Ratio Comparison

The current AMOM Sharpe Ratio is 1.16, which is higher than the MUSQ Sharpe Ratio of -0.50. The chart below compares the historical Sharpe Ratios of AMOM and MUSQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AMOM vs. MUSQ - Drawdown Comparison

The maximum AMOM drawdown since its inception was -39.68%, which is greater than MUSQ's maximum drawdown of -23.11%. Use the drawdown chart below to compare losses from any high point for AMOM and MUSQ.

Drawdown Indicators

	AMOM	MUSQ	Difference
Max Drawdown Largest peak-to-trough decline	-39.68%	-23.11%	-16.57%
Max Drawdown (1Y) Largest decline over 1 year	-13.10%	-23.11%	+10.01%
Max Drawdown (3Y) Largest decline over 3 years	-30.26%	-23.11%	-7.15%
Max Drawdown (5Y) Largest decline over 5 years	-39.68%	—	—
Current Drawdown Current decline from peak	-8.19%	-14.77%	+6.58%
Average Drawdown Average peak-to-trough decline	-10.71%	-6.91%	-3.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.05%	10.81%	-6.76%

Volatility

AMOM vs. MUSQ - Volatility Comparison

QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM) has a higher volatility of 13.54% compared to MUSQ Global Music Industry Index ETF (MUSQ) at 5.64%. This indicates that AMOM's price experiences larger fluctuations and is considered to be riskier than MUSQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMOM	MUSQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.54%	5.64%	+7.90%
Volatility (6M) Calculated over the trailing 6-month period	21.94%	14.22%	+7.72%
Volatility (1Y) Calculated over the trailing 1-year period	26.18%	17.47%	+8.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.66%	17.91%	+6.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.41%	17.91%	+7.50%

AMOM vs. MUSQ - Expense Ratio Comparison

AMOM has a 0.75% expense ratio, which is lower than MUSQ's 0.76% expense ratio.

Dividends

AMOM vs. MUSQ - Dividend Comparison

AMOM's dividend yield for the trailing twelve months is around 0.03%, less than MUSQ's 0.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AMOM QRAFT AI-Enhanced U.S. Large Cap Momentum ETF	0.03%	0.09%	0.00%	0.47%	0.72%	0.74%	24.31%	5.51%
MUSQ MUSQ Global Music Industry Index ETF	0.69%	0.63%	1.08%	0.74%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AMOM and MUSQ in my portfolio?

AMOM and MUSQ have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AMOM or MUSQ?

AMOM has higher volatility (13.54%) compared to MUSQ (5.64%). In terms of maximum drawdown, AMOM dropped -39.68% vs MUSQ's -23.11%.

Which ETF is better, AMOM or MUSQ?

On 3-year performance, AMOM leads with 22.99% vs 1.11% for MUSQ. On fees, AMOM is cheaper at 0.75% per year. On volatility, MUSQ has been the lower-risk option at 5.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMOM or MUSQ?

Over the 3-year period, AMOM has performed better with a 22.99% return vs 1.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMOM or MUSQ?

AMOM is cheaper with a 0.75% expense ratio, compared with 0.76% for MUSQ.

Which ETF pays a higher dividend yield, AMOM or MUSQ?

MUSQ has the higher dividend yield at 0.69%, compared with 0.03% for AMOM.

What is the main difference between AMOM and MUSQ?

AMOM is categorized as Momentum, while MUSQ is Communications Equities. Their fees differ too: 0.75% for AMOM and 0.76% for MUSQ.

Which has better risk-adjusted returns?

AMOM currently has the higher Sharpe Ratio (1.16 vs -0.50), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.