MUSQ vs. HTEC

Last updated Aug 2, 2026

MUSQ (MUSQ Global Music Industry Index ETF) and HTEC (ROBO Global Healthcare Technology and Innovation ETF) are both exchange-traded funds - MUSQ is a Communications Equities fund tracking the MUSQ Global Music Industry Index, while HTEC is a Health & Biotech Equities fund tracking the ROBO Global® Healthcare Technology and Innovation Index. Both are passively managed. Over the past 3 years, MUSQ returned -0.43%/yr vs 8.78%/yr for HTEC. Their 0.52 correlation means they have sometimes moved together and sometimes differently. MUSQ charges 0.76%/yr vs 0.68%/yr for HTEC.

Performance

MUSQ vs. HTEC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MUSQ Global Music Industry Index ETF (MUSQ) and ROBO Global Healthcare Technology and Innovation ETF (HTEC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MUSQ achieves a -12.75% return, which is significantly lower than HTEC's 8.91% return.

MUSQ

• 1D: -4.84%
• 1M: -4.32%
• 6M: -11.21%
• YTD: -12.75%
• 1Y: -8.84%
• 3Y*: -0.43%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 0.00%

HTEC

• 1D: -0.56%
• 1M: -0.55%
• 6M: 5.34%
• YTD: 8.91%
• 1Y: 38.75%
• 3Y*: 8.78%
• 5Y*: -3.93%
• 10Y*: —
• ALL TIME*: 6.73%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HTEC ROBO Global Healthcare Technology and Innovation ETF	$648.14K	$1.29M	$661.96K
MUSQ MUSQ Global Music Industry Index ETF	$161.63K	$82.87K	$43.23K

MUSQ vs. HTEC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MUSQ MUSQ Global Music Industry Index ETF	-12.75%	19.60%	-4.94%	0.81%
HTEC ROBO Global Healthcare Technology and Innovation ETF	8.91%	23.91%	2.68%	-3.78%

Correlation

The correlation between MUSQ and HTEC is 0.40, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.40
Correlation (3Y) Balances recent behavior with more history.	0.53
Correlation (All Time) Calculated using the full available price history since Jul 7, 2023	0.52

The correlation between MUSQ and HTEC shifts across timeframes, from 0.40 (1 year) to 0.53 (3 years), reflecting how their relationship changes across market environments.

MUSQ vs. HTEC - Sectors Allocation Comparison

Sectors	MUSQ	HTEC
Communication Services	77.3%	-
Consumer Cyclical	11.5%	-
Technology	10.6%	5.5%
Industrials	0.6%	1.3%
Basic Materials	-	1.3%
Consumer Defensive	-	-
Energy	-	1.2%
Financial Services	-	3.9%
Healthcare	-	75.5%
Real Estate	-	-
Utilities	-	-

Return for Risk

MUSQ vs. HTEC — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MUSQ

MUSQ Risk / Return Rank: 5
MUSQ Sharpe Ratio Rank: 4
MUSQ Sortino Ratio Rank: 4
MUSQ Omega Ratio Rank: 4
MUSQ Calmar Ratio Rank: 6
MUSQ Martin Ratio Rank: 5

HTEC

HTEC Risk / Return Rank: 71
HTEC Sharpe Ratio Rank: 81
HTEC Sortino Ratio Rank: 83
HTEC Omega Ratio Rank: 74
HTEC Calmar Ratio Rank: 69
HTEC Martin Ratio Rank: 50

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MUSQ vs. HTEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MUSQ Global Music Industry Index ETF (MUSQ) and ROBO Global Healthcare Technology and Innovation ETF (HTEC). 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	HTEC	Difference
Sharpe ratio: Return per unit of total volatility	-0.59	1.86	-2.45
Sortino ratio: Return per unit of downside risk	-0.72	2.72	-3.45
Omega ratio: Gain probability vs. loss probability	0.91	1.31	-0.39
Calmar ratio: Return relative to maximum drawdown	-0.46	2.40	-2.86
Martin ratio: Return relative to average drawdown	-0.94	5.75	-6.69

MUSQ vs. HTEC - Sharpe Ratio Comparison

The current MUSQ Sharpe Ratio is -0.59, which is lower than the HTEC Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of MUSQ and HTEC, 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. HTEC - Drawdown Comparison

The maximum MUSQ drawdown since its inception was -23.11%, smaller than the maximum HTEC drawdown of -57.53%. Use the drawdown chart below to compare losses from any high point for MUSQ and HTEC.

Drawdown Indicators

	MUSQ	HTEC	Difference
Max Drawdown Largest peak-to-trough decline	-23.11%	-57.53%	+34.42%
Max Drawdown (1Y) Largest decline over 1 year	-23.11%	-16.31%	-6.80%
Max Drawdown (3Y) Largest decline over 3 years	-23.11%	-25.25%	+2.14%
Max Drawdown (5Y) Largest decline over 5 years	—	-56.10%	—
Current Drawdown Current decline from peak	-18.60%	-25.08%	+6.48%
Average Drawdown Average peak-to-trough decline	-7.07%	-28.95%	+21.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.39%	6.80%	+4.59%

Volatility

MUSQ vs. HTEC - Volatility Comparison

MUSQ Global Music Industry Index ETF (MUSQ) has a higher volatility of 6.64% compared to ROBO Global Healthcare Technology and Innovation ETF (HTEC) at 5.00%. This indicates that MUSQ's price experiences larger fluctuations and is considered to be riskier than HTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MUSQ	HTEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.64%	5.00%	+1.64%
Volatility (6M) Calculated over the trailing 6-month period	15.14%	16.46%	-1.32%
Volatility (1Y) Calculated over the trailing 1-year period	18.14%	21.21%	-3.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.08%	24.64%	-6.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.08%	25.43%	-7.35%

MUSQ vs. HTEC - Expense Ratio Comparison

MUSQ has a 0.76% expense ratio, which is higher than HTEC's 0.68% expense ratio.

Dividends

MUSQ vs. HTEC - Dividend Comparison

MUSQ's dividend yield for the trailing twelve months is around 0.72%, less than HTEC's 0.90% yield.

Position	TTM	2025	2024	2023	2022	2021
HTEC ROBO Global Healthcare Technology and Innovation ETF	0.90%	0.98%	0.00%	0.00%	0.00%	0.05%
MUSQ MUSQ Global Music Industry Index ETF	0.72%	0.63%	1.08%	0.74%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MUSQ and HTEC in my portfolio?

MUSQ and HTEC have a correlation of 0.40, 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 HTEC?

MUSQ has higher volatility (6.64%) compared to HTEC (5.00%). In terms of maximum drawdown, MUSQ dropped -23.11% vs HTEC's -57.53%.

Which ETF is better, MUSQ or HTEC?

On 3-year performance, HTEC leads with 8.78% vs -0.43% for MUSQ. On fees, HTEC is cheaper at 0.68% per year. On volatility, HTEC has been the lower-risk option at 5.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MUSQ or HTEC?

Over the 3-year period, HTEC has performed better with a 8.78% return vs -0.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MUSQ or HTEC?

HTEC is cheaper with a 0.68% expense ratio, compared with 0.76% for MUSQ.

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

HTEC has the higher dividend yield at 0.90%, compared with 0.72% for MUSQ.

What is the main difference between MUSQ and HTEC?

MUSQ is categorized as Communications Equities, while HTEC is Health & Biotech Equities. MUSQ tracks MUSQ Global Music Industry Index, while HTEC tracks ROBO Global® Healthcare Technology and Innovation Index. Their fees differ too: 0.76% for MUSQ and 0.68% for HTEC.

Which has better risk-adjusted returns?

HTEC currently has the higher Sharpe Ratio (1.86 vs -0.59), 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.