MUSQ vs. COMT
MUSQ (MUSQ Global Music Industry Index ETF) and COMT (iShares GSCI Commodity Dynamic Roll Strategy ETF) are both exchange-traded funds - MUSQ is a Communications Equities fund tracking the MUSQ Global Music Industry Index, while COMT is a Commodities fund tracking the S&P GSCI Dynamic Roll (USD) Total Return Index. Both are passively managed. Over the past year, MUSQ returned -11.97% vs 25.27% for COMT. At a 0.03 correlation, their price movements are largely independent. MUSQ charges 0.76%/yr vs 0.48%/yr for COMT.
Performance
MUSQ vs. COMT - Performance Comparison
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Returns By Period
In the year-to-date period, MUSQ achieves a -13.09% return, which is significantly lower than COMT's 23.88% return.
MUSQ
- 1D
- -1.40%
- 1M
- -7.39%
- YTD
- -13.09%
- 6M
- -12.45%
- 1Y
- -11.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
COMT
- 1D
- -0.93%
- 1M
- -11.91%
- YTD
- 23.88%
- 6M
- 22.75%
- 1Y
- 25.27%
- 3Y*
- 12.01%
- 5Y*
- 10.76%
- 10Y*
- 7.96%
MUSQ vs. COMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MUSQ MUSQ Global Music Industry Index ETF | -13.09% | 19.60% | -4.94% | 0.81% |
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 23.88% | 6.07% | 5.96% | 0.61% |
Correlation
The correlation between MUSQ and COMT is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2023 | 0.03 |
The correlation between MUSQ and COMT shifts across timeframes, from -0.12 (1 year) to 0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MUSQ vs. COMT — Risk / Return Rank
MUSQ
COMT
MUSQ vs. COMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MUSQ Global Music Industry Index ETF (MUSQ) and iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT). 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 | COMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.90 | ||
| Sortino ratioReturn per unit of downside risk | -2.61 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.22 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 1.63 | -2.15 |
| Martin ratioReturn relative to average drawdown | -1.18 | 6.99 | -8.17 |
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Drawdowns
MUSQ vs. COMT - Drawdown Comparison
The maximum MUSQ drawdown since its inception was -23.11%, smaller than the maximum COMT drawdown of -51.89%. Use the drawdown chart below to compare losses from any high point for MUSQ and COMT.
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Drawdown Indicators
| MUSQ | COMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.11% | -51.89% | +28.78% |
Max Drawdown (1Y)Largest decline over 1 year | -23.11% | -15.58% | -7.53% |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.58% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.00% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.22% | — |
Current DrawdownCurrent decline from peak | -18.92% | -15.58% | -3.34% |
Average DrawdownAverage peak-to-trough decline | -6.75% | -24.00% | +17.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.15% | 3.65% | +6.50% |
Volatility
MUSQ vs. COMT - Volatility Comparison
MUSQ Global Music Industry Index ETF (MUSQ) has a higher volatility of 6.06% compared to iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) at 5.02%. This indicates that MUSQ's price experiences larger fluctuations and is considered to be riskier than COMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MUSQ | COMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.06% | 5.02% | +1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 13.98% | 19.24% | -5.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.33% | 21.45% | -4.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.96% | 21.13% | -3.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.96% | 18.86% | -0.90% |
MUSQ vs. COMT - Expense Ratio Comparison
MUSQ has a 0.76% expense ratio, which is higher than COMT's 0.48% expense ratio.
Dividends
MUSQ vs. COMT - Dividend Comparison
MUSQ's dividend yield for the trailing twelve months is around 0.73%, less than COMT's 6.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 6.25% | 7.74% | 4.90% | 5.19% | 29.79% | 17.79% | 0.36% | 2.61% | 11.65% | 5.16% | 0.52% | 1.44% |
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
MUSQ and COMT have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MUSQ has higher volatility (6.06%) compared to COMT (5.02%). In terms of maximum drawdown, MUSQ dropped -23.11% vs COMT's -51.89%.
On 1-year performance, COMT leads with 25.27% vs -11.97% for MUSQ. On fees, COMT is cheaper at 0.48% per year. On volatility, COMT has been the lower-risk option at 5.02%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, COMT has performed better with a 25.27% return vs -11.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
COMT is cheaper with a 0.48% expense ratio, compared with 0.76% for MUSQ.
COMT has the higher dividend yield at 6.25%, compared with 0.73% for MUSQ.
MUSQ is categorized as Communications Equities, while COMT is Commodities. MUSQ tracks MUSQ Global Music Industry Index, while COMT tracks S&P GSCI Dynamic Roll (USD) Total Return Index. They also come from different issuers: Exchange Traded Concepts and iShares. Their fees differ too: 0.76% for MUSQ and 0.48% for COMT.
COMT currently has the higher Sharpe Ratio (1.20 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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