Data as of .
GOLS vs MUSQ: which is really different?
GOLS and MUSQ hold 8% of their weight in the same names.
ETFIQ Off-Index Score: GOLS 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
8% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, GOLS and MUSQ hold 8% of their money in the same securities at the same weight.
| Holding | GOLS | MUSQ |
|---|---|---|
| MADISON SQUARE GARDEN ENTERTAINMENT CORP | 6.05% | 5.19% |
| CTS EVENTIM AG & CO. KGAA | 1.25% | 4.95% |
| SPHERE ENTERTAINMENT COMPANY | 1.73% | 0.79% |
| LIVE NATION ENTERTAINMENT INC | 0.61% | 11.27% |
| Only in GOLS | Only in MUSQ |
|---|---|
| MADISON SQUARE GARDEN SPORTS CORP 10.84% | Universal Music Group N.V. 9.70% |
| ATLANTA BRAVES HOLDINGS INC 8.63% | SPOTIFY TECHNOLOGY S.A. 9.27% |
| LIBERTY MEDIA CORP 6.41% | TENCENT MUSIC ENTERTAINMENT GROUP 6.75% |
| MANCHESTER UNITED PLC 5.72% | ALPHABET INC. 5.91% |
| LIBERTY LIVE HOLDINGS INC 4.80% | AMAZON.COM, INC. 5.53% |
| TKO GROUP HOLDINGS INC 4.02% | HYBE Co., Ltd. 5.19% |
| ROGERS COMMUNICATIONS INC 3.89% | WARNER MUSIC GROUP CORP. 5.17% |
| WALT DISNEY COMPANY (THE) 3.76% | APPLE INC. 5.15% |
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 Jun 30, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| GOLS | MUSQ | GOLS | MUSQ | GOLS | MUSQ | |
| 3 months | −0.2% | −1.6% | −2.4 pts | −3.9 pts | +2.3 pts | +0.9 pts |
| 6 months | +8.4% | +3.9% | −9.7 pts | −14.1 pts | −15.9 pts | −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 | +3.6% | +2.7% | −8.8 pts | −78.0 pts | −14.3 pts | −97.7 pts |
| GOLS Gabelli Opportunities in Live and Sports ETF Holds 47 stocks in streaming and live entertainment, 16% 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 | Gabelli | MUSQ |
| Theme | Streaming and live entertainment | Streaming and live entertainment |
| In the S&P 500 | 16.2% | 27.9% |
| Active share vs the S&P 500 | 98.8% | 87.9% |
| In the Nasdaq-100 | 5.2% | 16.6% |
| Holdings | 47 | 31 |
| Top ten, share of the fund | 57.2% | 69.1% |
| Expense ratio | 0.90% | 0.75% |
| Fee for the differing part | 0.91% | 0.85% |
| Total return, 1 year | +3.6% (since launch on Jan 2, 2026) | −17.1% |
| vs the S&P 500 | −8.8 pts | −33.7 pts |
| vs the Nasdaq-100 | −14.3 pts | −38.9 pts |
| Below its high | −7.0% | −17.2% |
| Net assets | $31m | $22m |
GOLS in plain words
By weight, 16% of GOLS's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 99%. The top ten holdings are 57% of the fund across 47 positions, as filed for Jun 30, 2026. Since it launched on Jan 2, 2026 the fund returned +3.6% with distributions reinvested against +12.4% for the S&P 500, so a holder was behind by 8.8 pts. It sits 7.0% below its all-time high of Aug 14, 2026.
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 GOLS and MUSQ hold the same stocks?
- By their latest filings, 8% 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, GOLS or MUSQ?
- GOLS has 16% of its weight in S&P 500 names and MUSQ has 28%, so GOLS differs more from the index.
- Which is cheaper, GOLS or MUSQ?
- GOLS charges 0.90% a year and MUSQ charges 0.75%, so MUSQ 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, GOLS against MUSQ, data as of Sep 18, 2026. https://etfiq.com/compare/themes/gols-vs-musq Free to use with attribution; the underlying files are at Open data.