Skip to content
etf.net

Launched

MUSQ Global Music Industry Index ETF

MUSQNYSE ArcaF

$24.980.00 (0.00%)

As of Oct 13, 2026, 9:46 AM

F15/ 100

Rank 21 of 21 in Global Thematic

F15/100Rank 21 of 21inGlobal Thematic
Intraday session: down, 1 prints from 24.98 to 24.98. Range 24.98 to 24.98. Use the arrow keys to read each point.10 AM12 PM2 PM4 PM
Expense ratio
0.91%
Fund size
$21M
1Y total return
−11.4%
Yield · Last 12 months
0.71%
Holdings
7
Avg volume · 30D
0M sh
NAV per share
$25.28
52W range
low $23.22high $29.43
Launched

The ETF.net MUSQ Grade

Based on 5 of 6 pillars

F

Score 15 out of 100

Category
Global Thematic⁠
Rank
21 of 21
Six-pillar profile for MUSQ. Scores out of 100: Cost 0, Risk 44, Mission not scored, Tradability 9, Holdings 19, Durability 42. Strongest: Risk (44). Weakest: Cost (0). Based on 5 of 6 pillars.

Score 15 of 100 falls in the F band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F0 out of 100
    Rank 21 of 21

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C44 out of 100
    Rank 14 of 21

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F9 out of 100
    Rank 21 of 21

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    F19 out of 100
    Rank 18 of 18

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C42 out of 100
    Rank 17 of 21

Our read on MUSQ

ETF.net Research

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.

Stated mandate

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

  1. 01Single-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.
  2. 02Passive and rules-based, tracking the published MUSQ Global Music Industry Index (MUSQIX). Holdings follow the index rulebook, not a manager's discretion.
  3. 03Global 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

  1. 01Costs 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%.
  2. 02A small, thinly traded fund. That can mean wider bid-ask spreads and larger gaps between market price and the value of what's inside.
  3. 03One 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

As of Oct 13, 2026
Asset class
Stocks
Holdings
7
Top-10 weight
100%
Largest holding
Cash & Other82.0%

Sectors

  • Communication72.8%
  • Consumer Discretionary13.2%
  • Technology13.0%
  • Industrials1.0%

Geography

  • United States46.95%
  • South Korea17.09%
  • Japan12.72%
  • Sweden9.33%
  • Netherlands7.20%
  • Germany5.93%
  • Taiwan0.79%

Developed 66% · Emerging 34% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Cash & Other82.02%17,204,432$17M47
002—Jyp Entertainment Corp.4.90%34,911$1M1
003352820.KSHybe Co Ltd.4.69%8,058$984K61
004—Sm Entertainment4.11%14,937$862K1
005—Yg Entertainment Inc.3.43%23,891$720K1
0062439.TWMerry Electronics Co Ltd.0.83%68,904$174K39
007—Cube Entertainment Inc0.02%816$4K1

Showing 1–7 of 7 holdings

MUSQ Performance

Launched Jul 6, 2023

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.
MUSQ$8,857
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. MUSQ $8,857. SPY $12,044. Use the arrow keys to read each point.$7,927$10,146$12,365Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 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.

Trailing total return for MUSQ. Periods over one year show the average yearly return.
PeriodMUSQ
Year to date−11.3%
1 month−1.8%
3 months−2.9%
1 year−11.4%
3 yearsper year+3.2%
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for MUSQ
YearReturn barMUSQ
2026 YTD−11.3%
2025+19.6%
2024−4.9%
2023+1.8%

History from Jul 7, 2023

MUSQ in the news

Filtered to MUSQ · Global Thematic

MUSQ Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 12, 2026.
0.71%Last 12 months
Payout per share
$0.18Last 12 months
Last payment
$0.18 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2023–2026

One bar per payment. 3 payments from 2023 to 2026 YTD. Dec 26, 2023 $0.19; Dec 30, 2024 $0.26; Dec 30, 2025 $0.18. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Dec 30, 2025Dec 31, 2025$0.18
Dec 30, 2024Dec 31, 2024$0.26
Dec 26, 2023Dec 29, 2023$0.19

MUSQ Risk

How much the fund’s monthly returns vary, scaled to a year.
15.1%
Annualised · 36 months to Sep 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
−0.03
vs 3-month T-bills · to Sep 2026
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.

The largest fall from a peak to the low that followed.
−23.1%
39 months · trough Mar 2026
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.

How strongly the fund’s returns move with its asset-class index.
0.88
vs its asset-class index
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

Expense ratio0.91%
  • The middle half of Global Thematic funds
  • Median 0.58%

Every other Global Thematic fund charges less.

MUSQ costs $91.00 a year on $10,000. The median Global Thematic fund costs $58.00.

Other funds in Global Thematic

See others