MUSQ vs. VOX
MUSQ (MUSQ Global Music Industry Index ETF) and VOX (Vanguard Communication Services ETF) are both Communications Equities funds - MUSQ tracks the MUSQ Global Music Industry Index while VOX tracks the MSCI US Investable Market Communication Services 25/50 Index. Both are passively managed. Over the past 3 years, MUSQ returned -0.43%/yr vs 18.73%/yr for VOX. Their 0.68 correlation means they have sometimes moved together and sometimes differently. MUSQ charges 0.76%/yr vs 0.09%/yr for VOX.
Performance
MUSQ vs. VOX - Performance Comparison
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Returns By Period
In the year-to-date period, MUSQ achieves a -12.75% return, which is significantly lower than VOX's -5.67% 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%
VOX
- 1D
- 1.12%
- 1M
- -3.23%
- 6M
- -8.42%
- YTD
- -5.67%
- 1Y
- 7.12%
- 3Y*
- 18.73%
- 5Y*
- 5.77%
- 10Y*
- 7.92%
- ALL TIME*
- 8.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $161.63K | $82.87K | $43.23K | |
| $67.26M | $68.61M | $55.07M |
MUSQ vs. VOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MUSQ MUSQ Global Music Industry Index ETF | -12.75% | 19.60% | -4.94% | 0.81% |
VOX Vanguard Communication Services ETF | -5.67% | 26.27% | 33.12% | 11.36% |
Correlation
The correlation between MUSQ and VOX is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.63 |
Correlation (3Y) Balances recent behavior with more history. | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2023 | 0.68 |
The correlation between MUSQ and VOX has been stable across timeframes, ranging from 0.63 to 0.68 - a consistent structural relationship.
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Return for Risk
MUSQ vs. VOX — Risk / Return Rank
MUSQ
VOX
MUSQ vs. VOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MUSQ Global Music Industry Index ETF (MUSQ) and Vanguard Communication Services ETF (VOX). 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 | VOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -1.26 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.06 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.46 | 0.37 | -0.84 |
| Martin ratioReturn relative to average drawdown | -0.94 | 1.13 | -2.07 |
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Drawdowns
MUSQ vs. VOX - Drawdown Comparison
The maximum MUSQ drawdown since its inception was -23.11%, smaller than the maximum VOX drawdown of -57.18%. Use the drawdown chart below to compare losses from any high point for MUSQ and VOX.
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Drawdown Indicators
| MUSQ | VOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.11% | -57.18% | +34.07% |
Max Drawdown (1Y)Largest decline over 1 year | -23.11% | -13.56% | -9.55% |
Max Drawdown (3Y)Largest decline over 3 years | -23.11% | -21.15% | -1.96% |
Max Drawdown (5Y)Largest decline over 5 years | — | -46.76% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.76% | — |
Current DrawdownCurrent decline from peak | -18.60% | -8.83% | -9.77% |
Average DrawdownAverage peak-to-trough decline | -7.07% | -11.87% | +4.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.39% | 4.45% | +6.94% |
Volatility
MUSQ vs. VOX - Volatility Comparison
MUSQ Global Music Industry Index ETF (MUSQ) and Vanguard Communication Services ETF (VOX) have volatilities of 6.64% and 6.69%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MUSQ | VOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.64% | 6.69% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 15.14% | 13.38% | +1.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.14% | 17.14% | +1.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.08% | 21.39% | -3.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.08% | 21.00% | -2.92% |
MUSQ vs. VOX - Expense Ratio Comparison
MUSQ has a 0.76% expense ratio, which is higher than VOX's 0.09% expense ratio.
Dividends
MUSQ vs. VOX - Dividend Comparison
MUSQ's dividend yield for the trailing twelve months is around 0.72%, less than VOX's 1.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MUSQ MUSQ Global Music Industry Index ETF | 0.72% | 0.63% | 1.08% | 0.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOX Vanguard Communication Services ETF | 1.08% | 0.95% | 1.05% | 1.03% | 0.88% | 0.93% | 0.73% | 0.90% | 2.77% | 3.83% | 2.67% | 3.55% |
Frequently Asked Questions
MUSQ and VOX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VOX has higher volatility (6.69%) compared to MUSQ (6.64%). In terms of maximum drawdown, MUSQ dropped -23.11% vs VOX's -57.18%.
On 3-year performance, VOX leads with 18.73% vs -0.43% for MUSQ. On fees, VOX is cheaper at 0.09% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, VOX has performed better with a 18.73% return vs -0.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VOX is cheaper with a 0.09% expense ratio, compared with 0.76% for MUSQ.
VOX has the higher dividend yield at 1.08%, compared with 0.72% for MUSQ.
MUSQ tracks MUSQ Global Music Industry Index, while VOX tracks MSCI US Investable Market Communication Services 25/50 Index. They also come from different issuers: Exchange Traded Concepts and Vanguard. Their fees differ too: 0.76% for MUSQ and 0.09% for VOX.
VOX currently has the higher Sharpe Ratio (0.30 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.
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