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ETFs

MUSQ Global Music Industry ETF

MUSQ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 06 2023
Expense Ratio
0.78%
Type
Global Equities
Fund Owner
MUSQ
Volume (1m avg. daily)
$101,469
AUM
$9,819,546
Associated Index
MUSQ Global Music Industry Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

GOOGL
Alphabet Inc - Ordinary Shares - Class A
8.29%
AMZN
Amazon.com Inc.
7.41%
AAPL
Apple Inc
6.96%
SONY
Sony Group Corporation - ADR
3.54%
RHM
ROUND HILL MUSIC ROYALTY FUND LTD
3.10%
UMG
Universal Music Group N.V.
2.89%
WMG
Warner Music Group Corp - Ordinary Shares - Class A
2.32%
SPOT
Spotify Technology S.A.
2.25%
041510
SM Entertainment Co. Ltd.
2.13%
AVID
Avid Technology, Inc.
2.10%
Invest with MUSQ

What is MUSQ?

The MUSQ Global Music Industry ETF (NYSE: MUSQ) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of MUSQ Global Music Industry Index (MUSQIX). The index aims to provide focused exposure to the entire music ecosystem and track companies with a core business interest in the global music industry. The Index is comprised of publicly-traded global companies that (i) generate at least 50% of their annual revenue from, or (ii) are in the top five companies by global market share in, or have at least 10% of the global market share of, and a primary source of whose revenue or net income is derived from, one or more of the following sub-segments of the global music industry: (A) music streaming, (B) music content and distribution, (C) live music events and ticketing, (D) satellite and broadcast radio, and (E) music equipment and technology, as well as publicly-traded music funds and music related royalty trusts (collectively, "Global Music Investments"). Under normal circumstances, the Fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities of Global Music Investments.

ETFs related toMUSQ

ETFs correlated to MUSQ include XAUG, AUGW, GAUG

MUSQ
Exchange Traded Concepts Trust - MUSQ Global Music Industry ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
AUGW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Aug ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
URTH
BlackRock Institutional Trust Company N.A. - iShares MSCI World ETF
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
VT
Vanguard Group, Inc. - Vanguard Total World Stock ETF
GJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - July
SPGM
SSgA Active Trust - SPDR Portfolio MSCI Global Stock Market ETF
IOO
BlackRock Institutional Trust Company N.A. - iShares Global 100 ETF
BBUS
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Equity ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toMUSQ

#PTC

Pick the Trending Commodity

Category

Living With High Inflation, Ride the Momentum

Risk Rating

Moderate

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with MUSQ using Composer

FAQ

MUSQ is a Global Equities ETF. The MUSQ Global Music Industry ETF (NYSE: MUSQ) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of MUSQ Global Music Industry Index (MUSQIX). The index aims to provide focused exposure to the entire music ecosystem and track companies with a core business interest in the global music industry. The Index is comprised of publicly-traded global companies that (i) generate at least 50% of their annual revenue from, or (ii) are in the top five companies by global market share in, or have at least 10% of the global market share of, and a primary source of whose revenue or net income is derived from, one or more of the following sub-segments of the global music industry: (A) music streaming, (B) music content and distribution, (C) live music events and ticketing, (D) satellite and broadcast radio, and (E) music equipment and technology, as well as publicly-traded music funds and music related royalty trusts (collectively, "Global Music Investments"). Under normal circumstances, the Fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities of Global Music Investments.

MUSQ tracks the MUSQ Global Music Industry Index.

No, MUSQ is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, MUSQ is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on MUSQ is 0.0063%. This is the percent change in the value of MUSQ over the most recent 1-month period. The 3-month return on MUSQ is %. This is the percent change in the value of MUSQ over the most recent 3-month period.

ETFs similar to MUSQ include IXJ, SMH, and URA.

ETFs correlated to MUSQ include XAUG, AUGW, and GAUG.

ETFs that are inversely correlated to MUSQ include SPXU, SH, and SPDN.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.