IYZ vs. MUSQ
IYZ (iShares U.S. Telecommunications ETF) and MUSQ (MUSQ Global Music Industry Index ETF) are both Communications Equities funds - IYZ tracks the Dow Jones U.S. Select Telecommunications Index while MUSQ tracks the MUSQ Global Music Industry Index. Both are passively managed. Over the past year, IYZ returned 59.79% vs -4.15% for MUSQ. A 0.52 correlation means they provide meaningful diversification when combined. IYZ charges 0.42%/yr vs 0.76%/yr for MUSQ.
Performance
IYZ vs. MUSQ - Performance Comparison
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Returns By Period
In the year-to-date period, IYZ achieves a 32.03% return, which is significantly higher than MUSQ's -8.93% return.
IYZ
- 1D
- -2.96%
- 1M
- 4.94%
- YTD
- 32.03%
- 6M
- 38.73%
- 1Y
- 59.79%
- 3Y*
- 30.34%
- 5Y*
- 8.18%
- 10Y*
- 6.28%
MUSQ
- 1D
- -2.16%
- 1M
- 1.10%
- YTD
- -8.93%
- 6M
- -6.37%
- 1Y
- -4.15%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IYZ vs. MUSQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IYZ iShares U.S. Telecommunications ETF | 32.03% | 29.28% | 20.53% | 4.25% |
MUSQ MUSQ Global Music Industry Index ETF | -8.93% | 19.60% | -4.94% | 1.76% |
Correlation
The correlation between IYZ and MUSQ is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2023 | 0.52 |
The correlation between IYZ and MUSQ has been stable across timeframes, ranging from 0.43 to 0.52 - a consistent structural relationship.
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Return for Risk
IYZ vs. MUSQ — Risk / Return Rank
IYZ
MUSQ
IYZ vs. MUSQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Telecommunications ETF (IYZ) 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.
| IYZ | MUSQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.60 | ||
| Sortino ratioReturn per unit of downside risk | +4.68 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 0.97 | +0.61 |
| Calmar ratioReturn relative to maximum drawdown | 9.54 | -0.18 | +9.72 |
| Martin ratioReturn relative to average drawdown | 32.08 | -0.44 | +32.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IYZ | MUSQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.35 | -0.25 | +3.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | 0.10 | -0.03 |
Drawdowns
IYZ vs. MUSQ - Drawdown Comparison
The maximum IYZ drawdown since its inception was -77.11%, which is greater than MUSQ's maximum drawdown of -23.11%. Use the drawdown chart below to compare losses from any high point for IYZ and MUSQ.
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Drawdown Indicators
| IYZ | MUSQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.11% | -23.11% | -54.00% |
Max Drawdown (1Y)Largest decline over 1 year | -6.30% | -23.11% | +16.81% |
Max Drawdown (3Y)Largest decline over 3 years | -13.85% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -39.74% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.74% | — | — |
Current DrawdownCurrent decline from peak | -2.96% | -15.04% | +12.08% |
Average DrawdownAverage peak-to-trough decline | -40.14% | -6.58% | -33.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.87% | 9.43% | -7.56% |
Volatility
IYZ vs. MUSQ - Volatility Comparison
iShares U.S. Telecommunications ETF (IYZ) has a higher volatility of 7.44% compared to MUSQ Global Music Industry Index ETF (MUSQ) at 4.86%. This indicates that IYZ'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.
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Volatility by Period
| IYZ | MUSQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.44% | 4.86% | +2.58% |
Volatility (6M)Calculated over the trailing 6-month period | 14.76% | 13.18% | +1.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.95% | 16.81% | +1.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.75% | 17.86% | +0.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.25% | 17.86% | +1.39% |
IYZ vs. MUSQ - Expense Ratio Comparison
IYZ has a 0.42% expense ratio, which is lower than MUSQ's 0.76% expense ratio.
Dividends
IYZ vs. MUSQ - Dividend Comparison
IYZ's dividend yield for the trailing twelve months is around 1.50%, more than MUSQ's 0.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYZ iShares U.S. Telecommunications ETF | 1.50% | 2.04% | 1.94% | 2.27% | 2.55% | 2.51% | 2.60% | 2.36% | 2.15% | 3.54% | 2.27% | 1.98% |
MUSQ MUSQ Global Music Industry Index ETF | 0.69% | 0.63% | 1.08% | 0.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IYZ and MUSQ have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IYZ has higher volatility (7.44%) compared to MUSQ (4.86%). In terms of maximum drawdown, IYZ dropped -77.11% vs MUSQ's -23.11%.
On 1-year performance, IYZ leads with 59.79% vs -4.15% for MUSQ. On fees, IYZ is cheaper at 0.42% per year. On volatility, MUSQ has been the lower-risk option at 4.86%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IYZ has performed better with a 59.79% return vs -4.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IYZ is cheaper with a 0.42% expense ratio, compared with 0.76% for MUSQ.
IYZ has the higher dividend yield at 1.50%, compared with 0.69% for MUSQ.
IYZ tracks Dow Jones U.S. Select Telecommunications Index, while MUSQ tracks MUSQ Global Music Industry Index. They also come from different issuers: iShares and Exchange Traded Concepts. Their fees differ too: 0.42% for IYZ and 0.76% for MUSQ.
IYZ currently has the higher Sharpe Ratio (3.35 vs -0.25), 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.
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