MUSQ vs. GOLS

Last updated Jun 23, 2026

MUSQ (MUSQ Global Music Industry Index ETF) and GOLS (Gabelli Opportunities in Live and Sports ETF) are both Communications Equities funds. MUSQ is passively managed, while GOLS is actively managed. A 0.70 correlation means they provide meaningful diversification when combined. MUSQ charges 0.76%/yr vs 0.90%/yr for GOLS.

Performance

MUSQ vs. GOLS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MUSQ Global Music Industry Index ETF (MUSQ) and Gabelli Opportunities in Live and Sports ETF (GOLS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MUSQ

• 1D: -2.32%
• 1M: -6.08%
• YTD: -11.86%
• 6M: -10.42%
• 1Y: -9.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GOLS

• 1D: -1.04%
• 1M: -0.14%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MUSQ vs. GOLS - Yearly Performance Comparison

	2026 (YTD)
MUSQ MUSQ Global Music Industry Index ETF	-11.86%
GOLS Gabelli Opportunities in Live and Sports ETF	2.76%

Correlation

The correlation between MUSQ and GOLS is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 2, 2026	0.70

Return for Risk

MUSQ vs. GOLS — Risk / Return Rank

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

MUSQ

MUSQ Risk / Return Rank: 4
MUSQ Sharpe Ratio Rank: 4
MUSQ Sortino Ratio Rank: 4
MUSQ Omega Ratio Rank: 4
MUSQ Calmar Ratio Rank: 5
MUSQ Martin Ratio Rank: 4

GOLS

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. GOLS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MUSQ Global Music Industry Index ETF (MUSQ) and Gabelli Opportunities in Live and Sports ETF (GOLS). 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	GOLS	Difference
Sharpe ratio: Return per unit of total volatility	-0.57	—	—
Sortino ratio: Return per unit of downside risk	-0.70	—	—
Omega ratio: Gain probability vs. loss probability	0.92	—	—
Calmar ratio: Return relative to maximum drawdown	-0.42	—	—
Martin ratio: Return relative to average drawdown	-0.97	—	—

Drawdowns

MUSQ vs. GOLS - Drawdown Comparison

The maximum MUSQ drawdown since its inception was -23.11%, which is greater than GOLS's maximum drawdown of -7.85%. Use the drawdown chart below to compare losses from any high point for MUSQ and GOLS.

Drawdown Indicators

	MUSQ	GOLS	Difference
Max Drawdown Largest peak-to-trough decline	-23.11%	-7.85%	-15.26%
Max Drawdown (1Y) Largest decline over 1 year	-23.11%	—	—
Current Drawdown Current decline from peak	-17.77%	-3.99%	-13.78%
Average Drawdown Average peak-to-trough decline	-6.73%	-1.94%	-4.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.07%	—	—

Volatility

Volatility by Period

	MUSQ	GOLS	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.09%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.97%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.31%	13.79%	+3.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.95%	13.79%	+4.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.95%	13.79%	+4.16%

MUSQ vs. GOLS - Expense Ratio Comparison

MUSQ has a 0.76% expense ratio, which is lower than GOLS's 0.90% expense ratio.

Dividends

MUSQ vs. GOLS - Dividend Comparison

MUSQ's dividend yield for the trailing twelve months is around 0.72%, while GOLS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
GOLS Gabelli Opportunities in Live and Sports ETF	0.00%	0.00%	0.00%	0.00%
MUSQ MUSQ Global Music Industry Index ETF	0.72%	0.63%	1.08%	0.74%

Frequently Asked Questions

Can I hold both MUSQ and GOLS in my portfolio?

MUSQ and GOLS have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MUSQ or GOLS?

On fees, MUSQ is cheaper at 0.76% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MUSQ or GOLS?

MUSQ is cheaper with a 0.76% expense ratio, compared with 0.90% for GOLS.

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

MUSQ has the higher dividend yield at 0.72%, compared with 0.00% for GOLS.

What is the main difference between MUSQ and GOLS?

They also come from different issuers: Exchange Traded Concepts and Gabelli. Their fees differ too: 0.76% for MUSQ and 0.90% for GOLS.