MUSQ vs. DBE
MUSQ (MUSQ Global Music Industry Index ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - MUSQ is a Communications Equities fund tracking the MUSQ Global Music Industry Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past year, MUSQ returned -4.15% vs 84.41% for DBE. At a correlation of -0.06, they often move in opposite directions. MUSQ charges 0.76%/yr vs 0.78%/yr for DBE.
Performance
MUSQ vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, MUSQ achieves a -8.93% return, which is significantly lower than DBE's 83.68% return.
MUSQ
- 1D
- -2.16%
- 1M
- 1.10%
- YTD
- -8.93%
- 6M
- -6.37%
- 1Y
- -4.15%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DBE
- 1D
- 2.33%
- 1M
- -5.45%
- YTD
- 83.68%
- 6M
- 74.95%
- 1Y
- 84.41%
- 3Y*
- 23.42%
- 5Y*
- 19.66%
- 10Y*
- 12.03%
MUSQ vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MUSQ MUSQ Global Music Industry Index ETF | -8.93% | 19.60% | -4.94% | 1.76% |
DBE Invesco DB Energy Fund | 83.68% | -2.17% | 2.96% | -1.64% |
Correlation
The correlation between MUSQ and DBE is -0.26, 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 | -0.26 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2023 | -0.06 |
Over the past year, the inverse relationship between MUSQ and DBE has strengthened: their correlation has moved from -0.06 to -0.26, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
MUSQ vs. DBE — Risk / Return Rank
MUSQ
DBE
MUSQ vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MUSQ Global Music Industry Index ETF (MUSQ) and Invesco DB Energy Fund (DBE). 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.
| MUSQ | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.68 | ||
| Sortino ratioReturn per unit of downside risk | -3.19 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.40 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | 5.89 | -6.07 |
| Martin ratioReturn relative to average drawdown | -0.44 | 11.53 | -11.97 |
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
| MUSQ | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.25 | 2.43 | -2.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.67 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.10 | 0.09 | +0.01 |
Drawdowns
MUSQ vs. DBE - Drawdown Comparison
The maximum MUSQ drawdown since its inception was -23.11%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for MUSQ and DBE.
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Drawdown Indicators
| MUSQ | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.11% | -86.69% | +63.58% |
Max Drawdown (1Y)Largest decline over 1 year | -23.11% | -14.41% | -8.70% |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.89% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | -15.04% | -30.27% | +15.23% |
Average DrawdownAverage peak-to-trough decline | -6.58% | -57.31% | +50.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.43% | 7.35% | +2.08% |
Volatility
MUSQ vs. DBE - Volatility Comparison
The current volatility for MUSQ Global Music Industry Index ETF (MUSQ) is 4.86%, while Invesco DB Energy Fund (DBE) has a volatility of 12.95%. This indicates that MUSQ experiences smaller price fluctuations and is considered to be less risky than DBE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MUSQ | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.86% | 12.95% | -8.09% |
Volatility (6M)Calculated over the trailing 6-month period | 13.18% | 30.86% | -17.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.81% | 34.97% | -18.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.86% | 29.39% | -11.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.86% | 28.33% | -10.47% |
MUSQ vs. DBE - Expense Ratio Comparison
MUSQ has a 0.76% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
MUSQ vs. DBE - Dividend Comparison
MUSQ's dividend yield for the trailing twelve months is around 0.69%, less than DBE's 2.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.10% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
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% |
Frequently Asked Questions
MUSQ and DBE have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (12.95%) compared to MUSQ (4.86%). In terms of maximum drawdown, MUSQ dropped -23.11% vs DBE's -86.69%.
On 1-year performance, DBE leads with 84.41% vs -4.15% for MUSQ. On fees, MUSQ is cheaper at 0.76% 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, DBE has performed better with a 84.41% return vs -4.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MUSQ is cheaper with a 0.76% expense ratio, compared with 0.78% for DBE.
DBE has the higher dividend yield at 2.10%, compared with 0.69% for MUSQ.
MUSQ is categorized as Communications Equities, while DBE is Oil & Gas. MUSQ tracks MUSQ Global Music Industry Index, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: Exchange Traded Concepts and Invesco. Their fees differ too: 0.76% for MUSQ and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (2.43 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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