MUSQ vs. TRUC

Last updated Aug 2, 2026

MUSQ (MUSQ Global Music Industry Index ETF) and TRUC (VanEck Communication Services TruSector ETF) are both Communications Equities funds. MUSQ is passively managed, while TRUC is actively managed. Their 0.58 correlation means they have sometimes moved together and sometimes differently. MUSQ charges 0.76%/yr vs 0.14%/yr for TRUC.

Performance

MUSQ vs. TRUC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MUSQ Global Music Industry Index ETF (MUSQ) and VanEck Communication Services TruSector ETF (TRUC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

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%

TRUC

• 1D: 2.86%
• 1M: -1.40%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
MUSQ MUSQ Global Music Industry Index ETF	$161.63K	$82.87K	$43.23K
TRUC VanEck Communication Services TruSector ETF	$3.70M	$2.01M	$1.80M

MUSQ vs. TRUC - Yearly Performance Comparison

	2026 (YTD)
MUSQ MUSQ Global Music Industry Index ETF	-9.72%
TRUC VanEck Communication Services TruSector ETF	-0.56%

Correlation

The correlation between MUSQ and TRUC is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 19, 2026	0.58

Return for Risk

MUSQ vs. TRUC — 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

TRUC

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

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. TRUC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MUSQ Global Music Industry Index ETF (MUSQ) and VanEck Communication Services TruSector ETF (TRUC). 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	TRUC	Difference
Sharpe ratio: Return per unit of total volatility	-0.59	—	—
Sortino ratio: Return per unit of downside risk	-0.72	—	—
Omega ratio: Gain probability vs. loss probability	0.91	—	—
Calmar ratio: Return relative to maximum drawdown	-0.46	—	—
Martin ratio: Return relative to average drawdown	-0.94	—	—

Drawdowns

MUSQ vs. TRUC - Drawdown Comparison

The maximum MUSQ drawdown since its inception was -23.11%, which is greater than TRUC's maximum drawdown of -12.39%. Use the drawdown chart below to compare losses from any high point for MUSQ and TRUC.

Drawdown Indicators

	MUSQ	TRUC	Difference
Max Drawdown Largest peak-to-trough decline	-23.11%	-12.39%	-10.72%
Max Drawdown (1Y) Largest decline over 1 year	-23.11%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-23.11%	—	—
Current Drawdown Current decline from peak	-18.60%	-8.82%	-9.78%
Average Drawdown Average peak-to-trough decline	-7.07%	-4.16%	-2.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.39%	—	—

Volatility

Volatility by Period

	MUSQ	TRUC	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.64%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.14%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.14%	21.29%	-3.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.08%	21.29%	-3.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.08%	21.29%	-3.21%

MUSQ vs. TRUC - Expense Ratio Comparison

MUSQ has a 0.76% expense ratio, which is higher than TRUC's 0.14% expense ratio.

Dividends

MUSQ vs. TRUC - Dividend Comparison

MUSQ's dividend yield for the trailing twelve months is around 0.72%, more than TRUC's 0.23% yield.

Position	TTM	2025	2024	2023
MUSQ MUSQ Global Music Industry Index ETF	0.72%	0.63%	1.08%	0.74%
TRUC VanEck Communication Services TruSector ETF	0.23%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MUSQ and TRUC in my portfolio?

MUSQ and TRUC have a correlation of 0.58, 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 TRUC?

On fees, TRUC is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MUSQ or TRUC?

TRUC is cheaper with a 0.14% expense ratio, compared with 0.76% for MUSQ.

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

MUSQ has the higher dividend yield at 0.72%, compared with 0.23% for TRUC.

What is the main difference between MUSQ and TRUC?

They also come from different issuers: Exchange Traded Concepts and VanEck. Their fees differ too: 0.76% for MUSQ and 0.14% for TRUC.