MUSQ Global Music Industry ETF (MUSQ) Performance
MUSQ total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −9.4% since Dec 31, 2025
- 1 year
- −11.9% total return
- 3 years
- +5.4% a year
- Since first price
- +1.4% a year since 2023
MUSQ trailing returns vs SPY, QQQ, AGG
| Period | MUSQ total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +2.3% | +2.3% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.5% | +2.5% | +3.2% | +1.9% | −0.4% |
| 6 months | −0.7% | −0.7% | +7.8% | +8.4% | −1.5% |
| YTD | −9.4% | −9.4% | +12.3% | +15.1% | −1.0% |
| 1 year | −11.9% | −12.5% | +14.4% | +15.9% | −1.1% |
| 3 years | +17.0%+5.4%/yr | +14.2% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionJul 7, 2023 | +4.8%+1.4%/yr | +2.2% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: MUSQ vs SPY
From Jul 7, 2023: MUSQ grew to $10,478, SPY to $18,032.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
MUSQ returns by calendar year
1 of 2 full years positive. Best 2025 (+19.6%), worst 2024 (−4.9%). 2026 is year to date.
MUSQ annual returns table
| Year | MUSQ | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −9.4% | −18.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +19.6% | −18.8% | +17.7% | +20.8% | +7.2% |
| 2024 | −4.9% | −14.5% | +24.9% | +25.6% | +1.3% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
MUSQ largest drawdowns
Now 15.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Sep 16, 2025 | −23.1% | Mar 27, 2026 | not yet | 6 months | 1.1 years so far |
| Feb 14, 2025 | −18.8% | Apr 8, 2025 | May 20, 2025 | 53 days | 3 months |
| Jul 18, 2023 | −15.7% | Oct 27, 2023 | May 6, 2024 | 3 months | 10 months |
| May 6, 2024 | −14.5% | Sep 3, 2024 | Jan 30, 2025 | 4 months | 9 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
MUSQ risk statistics
| Statistic | 3 years | Since 2023 |
|---|---|---|
| Annualized return | +3.0% | −0.5% |
| Volatility (annualized) | 15.1% | 15.3% |
| Sharpe ratio | -0.02 | -0.25 |
| Sortino ratio | -0.03 | -0.33 |
| Best month | +7.8% | +7.8% |
| Worst month | −11.8% | −11.8% |
| Best 12 months | +28.4% | +28.4% |
| Worst 12 months | −16.1% | −16.1% |
| Positive months | 50% | 47% |
| Beta vs S&P 500 | 0.86 | — |
| Correlation with S&P 500 | 0.71 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
MUSQ rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 28 | −16.1% | +2.9% | +28.4% | 61% |
| 3-year (a year) | 4 | −0.8% | +2.8% | +5.4% | 75% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
MUSQ performance overview
MUSQ Global Music Industry ETF (MUSQ) returned −11.9% over the past year, with distributions reinvested. Since its first recorded price in 2023 it has returned +1.4% a year, turning $10,000 into about $10,478. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −23.1%, from Sep 16, 2025 to Mar 27, 2026; the fund has not yet regained that high. Volatility has been 15.3% a year.
Related: MUSQ chart, MUSQ dividends. See the MUSQ overview for the latest quote and fund facts.
MUSQ performance FAQ
What is the MUSQ return over the past year?
MUSQ returned −11.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 12.5%.
How much would $10,000 invested in MUSQ be worth?
$10,000 invested in MUSQ at its first recorded close on July 7, 2023 would be worth about $10,478 on October 23, 2026 with distributions reinvested.
What was the worst year for MUSQ?
The worst calendar year was 2024, with a total return of −4.9%. The best was 2025 at +19.6%.
What is the biggest drawdown of MUSQ?
The largest peak-to-trough decline was −23.1% between September 16, 2025 and March 27, 2026. It has not yet recovered to that high; it is 15.5% below its peak.
How volatile is MUSQ?
Over the past 3 years MUSQ had an annualized volatility of 15.1% and a Sharpe ratio of -0.02 (excess return over 1–3 month T-bills per unit of risk).