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 49.71% vs -11.97% for MUSQ. A 0.51 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 24.80% return, which is significantly higher than MUSQ's -13.09% return.
IYZ
- 1D
- 0.33%
- 1M
- -5.71%
- YTD
- 24.80%
- 6M
- 24.25%
- 1Y
- 49.71%
- 3Y*
- 28.60%
- 5Y*
- 7.05%
- 10Y*
- 5.34%
MUSQ
- 1D
- -1.40%
- 1M
- -7.39%
- YTD
- -13.09%
- 6M
- -12.45%
- 1Y
- -11.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IYZ vs. MUSQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IYZ iShares U.S. Telecommunications ETF | 24.80% | 29.28% | 20.53% | 4.63% |
MUSQ MUSQ Global Music Industry Index ETF | -13.09% | 19.60% | -4.94% | 0.81% |
Correlation
The correlation between IYZ and MUSQ is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2023 | 0.51 |
The correlation between IYZ and MUSQ has been stable across timeframes, ranging from 0.42 to 0.51 - 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.
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.
| IYZ | MUSQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.36 | ||
| Sortino ratioReturn per unit of downside risk | +4.44 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 0.90 | +0.57 |
| Calmar ratioReturn relative to maximum drawdown | 5.46 | -0.52 | +5.98 |
| Martin ratioReturn relative to average drawdown | 20.02 | -1.18 | +21.21 |
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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 | -9.15% | -23.11% | +13.96% |
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 | -8.27% | -18.92% | +10.65% |
Average DrawdownAverage peak-to-trough decline | -40.07% | -6.75% | -33.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 10.15% | -7.66% |
Volatility
IYZ vs. MUSQ - Volatility Comparison
iShares U.S. Telecommunications ETF (IYZ) has a higher volatility of 7.67% compared to MUSQ Global Music Industry Index ETF (MUSQ) at 6.06%. 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 | 7.67% | 6.06% | +1.61% |
Volatility (6M)Calculated over the trailing 6-month period | 15.53% | 13.98% | +1.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.76% | 17.33% | +1.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.90% | 17.96% | +0.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.28% | 17.96% | +1.32% |
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 1.67%, more than MUSQ's 0.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYZ iShares U.S. Telecommunications ETF | 1.67% | 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 | 0.73% | 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 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IYZ has higher volatility (7.67%) compared to MUSQ (6.06%). In terms of maximum drawdown, IYZ dropped -77.11% vs MUSQ's -23.11%.
On 1-year performance, IYZ leads with 49.71% vs -11.97% for MUSQ. On fees, IYZ is cheaper at 0.42% per year. On volatility, MUSQ has been the lower-risk option at 6.06%. 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 49.71% return vs -11.97%. 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 1.67%, compared with 0.73% 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 (2.67 vs -0.69), 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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