MUSQ vs. AMOM

Last updated Jul 12, 2026

MUSQ (MUSQ Global Music Industry Index ETF) and AMOM (QRAFT AI-Enhanced U.S. Large Cap Momentum ETF) are both exchange-traded funds - MUSQ is a Communications Equities fund tracking the MUSQ Global Music Industry Index, while AMOM is a Momentum fund actively managed by Exchange Traded Concepts. MUSQ is passively managed, while AMOM is actively managed. Over the past 3 years, MUSQ returned 1.53%/yr vs 24.11%/yr for AMOM. A 0.57 correlation means they provide meaningful diversification when combined. MUSQ charges 0.76%/yr vs 0.75%/yr for AMOM.

Performance

MUSQ vs. AMOM - Performance Comparison

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

Returns By Period

In the year-to-date period, MUSQ achieves a -8.68% return, which is significantly lower than AMOM's 23.47% return.

MUSQ

• 1D: 0.03%
• 1M: 0.31%
• 6M: -8.38%
• YTD: -8.68%
• 1Y: -8.72%
• 3Y*: 1.53%
• 5Y*: —
• 10Y*: —

AMOM

• 1D: -0.23%
• 1M: 0.76%
• 6M: 20.03%
• YTD: 23.47%
• 1Y: 32.11%
• 3Y*: 24.11%
• 5Y*: 10.69%
• 10Y*: —

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

MUSQ vs. AMOM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MUSQ MUSQ Global Music Industry Index ETF	-8.68%	19.60%	-4.94%	0.81%
AMOM QRAFT AI-Enhanced U.S. Large Cap Momentum ETF	23.47%	7.69%	35.79%	7.95%

Correlation

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

MUSQ vs. AMOM - Sectors Allocation Comparison

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

Return for Risk

MUSQ vs. AMOM — Risk / Return Rank

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

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

AMOM

AMOM Risk / Return Rank: 49
AMOM Sharpe Ratio Rank: 44
AMOM Sortino Ratio Rank: 41
AMOM Omega Ratio Rank: 43
AMOM Calmar Ratio Rank: 62
AMOM Martin Ratio Rank: 58

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.

MUSQ vs. AMOM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MUSQ Global Music Industry Index ETF (MUSQ) and QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM). 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.

	MUSQ	AMOM	Difference
Sharpe ratio: Return per unit of total volatility	-0.52	1.24	-1.76
Sortino ratio: Return per unit of downside risk	-0.64	1.71	-2.35
Omega ratio: Gain probability vs. loss probability	0.93	1.23	-0.30
Calmar ratio: Return relative to maximum drawdown	-0.40	2.47	-2.86
Martin ratio: Return relative to average drawdown	-0.85	8.03	-8.87

MUSQ vs. AMOM - Sharpe Ratio Comparison

The current MUSQ Sharpe Ratio is -0.52, which is lower than the AMOM Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of MUSQ and AMOM, 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

MUSQ vs. AMOM - Drawdown Comparison

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

Drawdown Indicators

	MUSQ	AMOM	Difference
Max Drawdown Largest peak-to-trough decline	-23.11%	-39.68%	+16.57%
Max Drawdown (1Y) Largest decline over 1 year	-23.11%	-13.10%	-10.01%
Max Drawdown (3Y) Largest decline over 3 years	-23.11%	-30.26%	+7.15%
Max Drawdown (5Y) Largest decline over 5 years	—	-39.68%	—
Current Drawdown Current decline from peak	-14.81%	-6.83%	-7.98%
Average Drawdown Average peak-to-trough decline	-6.90%	-10.71%	+3.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.77%	4.02%	+6.75%

Volatility

MUSQ vs. AMOM - Volatility Comparison

The current volatility for MUSQ Global Music Industry Index ETF (MUSQ) is 5.65%, while QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM) has a volatility of 13.70%. This indicates that MUSQ experiences smaller price fluctuations and is considered to be less risky than AMOM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MUSQ	AMOM	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.65%	13.70%	-8.05%
Volatility (6M) Calculated over the trailing 6-month period	14.23%	21.93%	-7.70%
Volatility (1Y) Calculated over the trailing 1-year period	17.44%	26.09%	-8.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.92%	24.64%	-6.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.92%	25.42%	-7.50%

MUSQ vs. AMOM - Expense Ratio Comparison

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

Dividends

MUSQ vs. AMOM - Dividend Comparison

MUSQ's dividend yield for the trailing twelve months is around 0.69%, more than AMOM's 0.03% 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 MUSQ and AMOM in my portfolio?

MUSQ and AMOM 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, MUSQ or AMOM?

AMOM has higher volatility (13.70%) compared to MUSQ (5.65%). In terms of maximum drawdown, MUSQ dropped -23.11% vs AMOM's -39.68%.

Which ETF is better, MUSQ or AMOM?

On 3-year performance, AMOM leads with 24.11% vs 1.53% for MUSQ. On fees, AMOM is cheaper at 0.75% per year. On volatility, MUSQ has been the lower-risk option at 5.65%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MUSQ or AMOM?

Over the 3-year period, AMOM has performed better with a 24.11% return vs 1.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MUSQ or AMOM?

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

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

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

What is the main difference between MUSQ and AMOM?

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

Which has better risk-adjusted returns?

AMOM currently has the higher Sharpe Ratio (1.24 vs -0.52), 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.