DVXC vs. MUSQ

Last updated Jun 5, 2026

DVXC (WEBs Communication Services XLC Defined Volatility ETF) and MUSQ (MUSQ Global Music Industry Index ETF) are both Communications Equities funds - DVXC tracks the Syntax Defined Volatility XLC Index while MUSQ tracks the MUSQ Global Music Industry Index. Both are passively managed. A 0.64 correlation means they provide meaningful diversification when combined. DVXC charges 0.89%/yr vs 0.76%/yr for MUSQ.

Performance

DVXC vs. MUSQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WEBs Communication Services XLC Defined Volatility ETF (DVXC) 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, DVXC achieves a -11.93% return, which is significantly lower than MUSQ's -8.93% return.

DVXC

• 1D: 1.78%
• 1M: -4.85%
• YTD: -11.93%
• 6M: -8.77%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MUSQ

• 1D: -0.00%
• 1M: 0.63%
• YTD: -8.93%
• 6M: -6.57%
• 1Y: -5.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DVXC vs. MUSQ - Yearly Performance Comparison

	2026 (YTD)	2025
DVXC WEBs Communication Services XLC Defined Volatility ETF	-11.93%	14.81%
MUSQ MUSQ Global Music Industry Index ETF	-8.93%	-3.18%

Correlation

The correlation between DVXC and MUSQ is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.64

Return for Risk

DVXC vs. MUSQ — Risk / Return Rank

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

MUSQ

MUSQ Risk / Return Rank: 6
MUSQ Sharpe Ratio Rank: 6
MUSQ Sortino Ratio Rank: 6
MUSQ Omega Ratio Rank: 6
MUSQ Calmar Ratio Rank: 7
MUSQ Martin Ratio Rank: 6

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.

DVXC vs. MUSQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEBs Communication Services XLC Defined Volatility ETF (DVXC) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	DVXC	MUSQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.34	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	0.10	-0.05

Drawdowns

DVXC vs. MUSQ - Drawdown Comparison

The maximum DVXC drawdown since its inception was -21.52%, smaller than the maximum MUSQ drawdown of -23.11%. Use the drawdown chart below to compare losses from any high point for DVXC and MUSQ.

Drawdown Indicators

	DVXC	MUSQ	Difference
Max Drawdown Largest peak-to-trough decline	-21.52%	-23.11%	+1.59%
Max Drawdown (1Y) Largest decline over 1 year	—	-23.11%	—
Current Drawdown Current decline from peak	-15.25%	-15.04%	-0.21%
Average Drawdown Average peak-to-trough decline	-6.94%	-6.59%	-0.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	9.47%	—

Volatility

Volatility by Period

	DVXC	MUSQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.84%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.17%	—
Volatility (1Y) Calculated over the trailing 1-year period	26.08%	16.80%	+9.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.08%	17.85%	+8.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.08%	17.85%	+8.23%

DVXC vs. MUSQ - Expense Ratio Comparison

DVXC has a 0.89% expense ratio, which is higher than MUSQ's 0.76% expense ratio.

Dividends

DVXC vs. MUSQ - Dividend Comparison

DVXC has not paid dividends to shareholders, while MUSQ's dividend yield for the trailing twelve months is around 0.69%.

Position	TTM	2025	2024	2023
DVXC WEBs Communication Services XLC Defined Volatility ETF	0.00%	0.00%	0.00%	0.00%
MUSQ MUSQ Global Music Industry Index ETF	0.69%	0.63%	1.08%	0.74%

Frequently Asked Questions

Can I hold both DVXC and MUSQ in my portfolio?

DVXC and MUSQ have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DVXC or MUSQ?

On fees, MUSQ is cheaper at 0.76% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DVXC or MUSQ?

MUSQ is cheaper with a 0.76% expense ratio, compared with 0.89% for DVXC.

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

MUSQ has the higher dividend yield at 0.69%, compared with 0.00% for DVXC.

What is the main difference between DVXC and MUSQ?

DVXC tracks Syntax Defined Volatility XLC Index, while MUSQ tracks MUSQ Global Music Industry Index. They also come from different issuers: WEBs and Exchange Traded Concepts. Their fees differ too: 0.89% for DVXC and 0.76% for MUSQ.