MUSQ vs. IBIC
MUSQ (MUSQ Global Music Industry Index ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - MUSQ is a Communications Equities fund tracking the MUSQ Global Music Industry Index, while IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, MUSQ returned -4.15% vs 4.54% for IBIC. At a 0.01 correlation, their price movements are largely independent. MUSQ charges 0.76%/yr vs 0.10%/yr for IBIC.
Performance
MUSQ vs. IBIC - 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 IBIC's 2.37% return.
MUSQ
- 1D
- -2.16%
- 1M
- 1.10%
- YTD
- -8.93%
- 6M
- -6.37%
- 1Y
- -4.15%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBIC
- 1D
- 0.02%
- 1M
- 0.27%
- YTD
- 2.37%
- 6M
- 2.51%
- 1Y
- 4.54%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MUSQ vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MUSQ MUSQ Global Music Industry Index ETF | -8.93% | 19.60% | -4.94% | 5.41% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.37% | 4.96% | 5.25% | 2.17% |
Correlation
The correlation between MUSQ and IBIC is -0.13, 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 | -0.13 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2023 | 0.01 |
The correlation between MUSQ and IBIC shifts across timeframes, from -0.13 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MUSQ vs. IBIC — Risk / Return Rank
MUSQ
IBIC
MUSQ vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MUSQ Global Music Industry Index ETF (MUSQ) and iShares iBonds Oct 2026 Term TIPS ETF (IBIC). 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 | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.30 | ||
| Sortino ratioReturn per unit of downside risk | -9.36 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 2.24 | -1.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | 17.27 | -17.45 |
| Martin ratioReturn relative to average drawdown | -0.44 | 67.45 | -67.89 |
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 | IBIC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.25 | 5.05 | -5.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.10 | 3.49 | -3.39 |
Drawdowns
MUSQ vs. IBIC - Drawdown Comparison
The maximum MUSQ drawdown since its inception was -23.11%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for MUSQ and IBIC.
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Drawdown Indicators
| MUSQ | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.11% | -0.90% | -22.21% |
Max Drawdown (1Y)Largest decline over 1 year | -23.11% | -0.26% | -22.85% |
Current DrawdownCurrent decline from peak | -15.04% | -0.13% | -14.91% |
Average DrawdownAverage peak-to-trough decline | -6.58% | -0.10% | -6.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.43% | 0.07% | +9.36% |
Volatility
MUSQ vs. IBIC - Volatility Comparison
MUSQ Global Music Industry Index ETF (MUSQ) has a higher volatility of 4.86% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.33%. This indicates that MUSQ's price experiences larger fluctuations and is considered to be riskier than IBIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MUSQ | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.86% | 0.33% | +4.53% |
Volatility (6M)Calculated over the trailing 6-month period | 13.18% | 0.67% | +12.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.81% | 0.90% | +15.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.86% | 1.58% | +16.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.86% | 1.58% | +16.28% |
MUSQ vs. IBIC - Expense Ratio Comparison
MUSQ has a 0.76% expense ratio, which is higher than IBIC's 0.10% expense ratio.
Dividends
MUSQ vs. IBIC - Dividend Comparison
MUSQ's dividend yield for the trailing twelve months is around 0.69%, less than IBIC's 3.59% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 3.59% | 4.43% | 4.65% | 0.83% |
MUSQ MUSQ Global Music Industry Index ETF | 0.69% | 0.63% | 1.08% | 0.74% |
Frequently Asked Questions
MUSQ and IBIC have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MUSQ has higher volatility (4.86%) compared to IBIC (0.33%). In terms of maximum drawdown, MUSQ dropped -23.11% vs IBIC's -0.90%.
On 1-year performance, IBIC leads with 4.54% vs -4.15% for MUSQ. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.33%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBIC has performed better with a 4.54% return vs -4.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIC is cheaper with a 0.10% expense ratio, compared with 0.76% for MUSQ.
IBIC has the higher dividend yield at 3.59%, compared with 0.69% for MUSQ.
MUSQ is categorized as Communications Equities, while IBIC is Inflation-Protected Bonds. MUSQ tracks MUSQ Global Music Industry Index, while IBIC tracks ICE 2026 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: Exchange Traded Concepts and iShares. Their fees differ too: 0.76% for MUSQ and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (5.05 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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