MUSQ Global Music Industry Index ETF
$25.13+0.00 (+0.00%)
- Expense ratio
- 0.91%
- Fund size
- $21M
- 1Y return
- −16.2%
- Yield · Last 12 months
- 0.71%
- Holdings
- 25
- Volume · 30D
- 0M sh
- NAV per share
- $25.29
- 52W range
The ETF.net MUSQ Grade
Score 16 of 100 sits in the F band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 0Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 45Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 13Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.FScore 16Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 42Category rank
Our read on MUSQ
FMusic as an industry, not a mood. MUSQ tracks an index of global public companies and royalty funds whose core business sits in music, one theme with one published rulebook, running since 2023.
Before fees and expenses, the Fund seeks to track the total return of the MUSQ Global Music Industry Index. Its strategy targets global publicly traded companies and royalty funds whose core businesses are tied to music-industry segments.
Why people hold it
- Single-theme by design: the index targets global companies and royalty funds whose core businesses are tied to music-industry segments, including royalty vehicles broad funds rarely hold.
- Passive and rules-based, tracking the published MUSQ Global Music Industry Index (MUSQIX). Holdings follow the index rulebook, not a manager's discretion.
- Global mandate, not a US-only slice: music revenue is earned across borders, and the fund's index reaches companies listed outside the States.
Worth knowing
- Costs 0.76% a year, above the median for global thematic funds and far above the cheapest names in that group, such as KLMT at 0.10%.
- A small, thinly traded fund. That can mean wider bid-ask spreads and larger gaps between market price and the value of what's inside.
- One industry means no cushion when music stocks slump, and with a 2023 launch the track record is short. Distributions come annually or semiannually, not monthly.
MUSQ Holdings
- Stocks
- 25
- 64%
- SPOT
Sectors
- Communication73.8%
- Consumer Discr.13.5%
- Technology11.7%
- Industrials1.0%
Geography
- United States45.56%
- South Korea17.14%
- Japan13.26%
- Sweden9.94%
- Netherlands7.45%
- Germany5.84%
- Taiwan0.82%
Developed 67% · Emerging 33%
MUSQ Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | MUSQ |
|---|---|
| Year to date | −10.8% |
| 1 month | −0.9% |
| 3 months | +1.2% |
| 1 year | −16.2% |
| 3 years | +3.2% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | MUSQ |
|---|---|---|
| 2026 YTD | −10.8% | |
| 2025 | +19.6% | |
| 2024 | −4.9% | |
| 2023 | +1.8% |
MUSQ in the news
ETF.net Research hasn’t filed on MUSQ yet — coverage lands here as it’s written.
MUSQ Dividends
- 0.71%
- $0.18
- $0.18 per share
- Annual
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Dec 30, 2025 | Dec 31, 2025 | $0.18 |
| Dec 30, 2024 | Dec 31, 2024 | $0.26 |
| Dec 26, 2023 | Dec 29, 2023 | $0.19 |
MUSQ Risk
- 15.2%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.06
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −23.1%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.88
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
MUSQ Cost
- The middle half of Global Thematic funds
- Median 0.58%
Every other Global Thematic fund charges less.