Data as of .
DICE vs MUSQ: which is really different?
DICE and MUSQ hold 0% of their weight in the same names.
ETFIQ Off-Index Score: DICE scores higher
How much of it is not the index it is sold as an alternative to?
A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed
0% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, DICE and MUSQ hold 0% of their money in the same securities at the same weight.
| Only in DICE | Only in MUSQ |
|---|---|
| KALSHI SPV EXPOSURE 7.42% | LIVE NATION ENTERTAINMENT, INC. 11.27% |
| POLYMARKET SPV EXPOSURE 7.42% | Universal Music Group N.V. 9.70% |
| COINBASE GLOBAL INC 5.15% | SPOTIFY TECHNOLOGY S.A. 9.27% |
| ROBINHOOD MARKETS INC 4.89% | TENCENT MUSIC ENTERTAINMENT GROUP 6.75% |
| INTERACTIVE BROKERS GROUP INC 4.74% | ALPHABET INC. 5.91% |
| INTERCONTINENTAL EXCHANGE INC 4.62% | AMAZON.COM, INC. 5.53% |
| GALAXY DIGITAL INC 4.51% | HYBE Co., Ltd. 5.19% |
| CIRCLE INTERNET GROUP INC 4.39% | MADISON SQUARE GARDEN ENTERTAINMENT CORP 5.19% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and Sep 18, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| DICE | MUSQ | DICE | MUSQ | DICE | MUSQ | |
| 3 months | not published | −1.6% | not published | −3.9 pts | not published | +0.9 pts |
| 6 months | not published | +3.9% | not published | −14.1 pts | not published | −20.4 pts |
| 1 year | not published | −17.1% | not published | −33.7 pts | not published | −38.9 pts |
| 3 years | not published | +5.9% | not published | −72.5 pts | not published | −92.2 pts |
| Since launch | +0.9% | +2.7% | +0.8 pts | −78.0 pts | +0.2 pts | −97.7 pts |
| DICE Tema Trading & Prediction Markets ETF Holds 38 stocks in streaming and live entertainment, 22% of its weight in S&P 500 companies | MUSQ MUSQ Global Music Industry Index ETF Holds 31 stocks in streaming and live entertainment, 28% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Tema | MUSQ |
| Theme | Streaming and live entertainment | Streaming and live entertainment |
| In the S&P 500 | 21.8% | 27.9% |
| Active share vs the S&P 500 | 99.6% | 87.9% |
| In the Nasdaq-100 | 0.0% | 16.6% |
| Holdings | 38 | 31 |
| Top ten, share of the fund | 50.4% | 69.1% |
| Expense ratio | 0.75% | 0.75% |
| Fee for the differing part | 0.75% | 0.85% |
| Total return, 1 year | +0.9% (since launch on Sep 9, 2026) | −17.1% |
| vs the S&P 500 | +0.8 pts | −33.7 pts |
| vs the Nasdaq-100 | +0.2 pts | −38.9 pts |
| Below its high | 0.0% | −17.2% |
| Net assets | not published | $22m |
DICE in plain words
By weight, 22% of DICE's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 50% of the fund across 38 positions, as published by its issuer for Sep 18, 2026. Since it launched on Sep 9, 2026 the fund returned +0.9% with distributions reinvested against +0.1% for the S&P 500, so a holder was ahead by 0.8 pts.
MUSQ in plain words
By weight, 28% of MUSQ's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 88%. The top ten holdings are 69% of the fund across 31 positions, as filed for Apr 30, 2026. Over the year to Sep 18, 2026 the fund returned −17.1% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 33.7 pts. It sits 17.2% below its all-time high of Sep 16, 2025.
Questions people ask
- Do DICE and MUSQ hold the same stocks?
- By their latest filings, 0% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, DICE or MUSQ?
- DICE has 22% of its weight in S&P 500 names and MUSQ has 28%, so DICE differs more from the index.
- Which is cheaper, DICE or MUSQ?
- DICE charges 0.75% a year and MUSQ charges 0.75%, so DICE is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, DICE against MUSQ, data as of Sep 18, 2026. https://etfiq.com/compare/themes/dice-vs-musq Free to use with attribution; the underlying files are at Open data.