# MUSQ (MUSQ Global Music Industry Index ETF)

not established · Thematic ETFs · data as of Sep 11, 2026

MUSQ holds 31 stocks, and 72% of its weight is outside the S&P 500.

## Key facts

- MUSQ, already in the S&P 500: 27.9%, as of Sep 11, 2026.
- MUSQ, active share vs the S&P 500: 87.9%, as of Sep 11, 2026.
- MUSQ, top ten holdings: 69.1%, as of Sep 11, 2026.
- MUSQ, total return, 1 year: −15.2%, as of Sep 11, 2026.
- MUSQ, net assets: $22m (SEC filing, whole fund, as filed for Apr 30, 2026).
- MUSQ, expense ratio: 0.75% (485BPOS XBRL, Aug 27, 2026).

## MUSQ over each window to Sep 11, 2026

| Window | Total return | S&P 500 | Gap to S&P 500 | Gap to Nasdaq-100 |
| --- | --- | --- | --- | --- |
| 3 months | −0.1% | +3.3% | −3.4 pts | +0.7 pts |
| 6 months | −1.3% | +16.0% | −17.3 pts | −22.0 pts |
| 1 year | −15.2% | +17.5% | −32.7 pts | −38.2 pts |
| 3 years | +7.8% | +77.9% | −70.1 pts | −87.3 pts |
| Since launch | +4.4% | +80.9% | −76.5 pts | −94.1 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Theme | Streaming and live entertainment | ETFIQ, editorial |
| Launched | Jul 7, 2023 | ETFIQ |
| Already in the S&P 500, by weight | 27.9% | ETFIQ |
| Active share vs the S&P 500 | 87.9% | ETFIQ |
| Already in the Nasdaq-100, by weight | 16.6% | ETFIQ |
| Active share vs the Nasdaq-100 | 86.7% | ETFIQ |
| Top ten holdings weight | 69.1% | ETFIQ |
| Holdings | 31 | ETFIQ |
| Holdings as of | Apr 30, 2026 | SEC N-PORT |
| Top holdings | LIVE NATION ENTERTAINMENT, INC. 11.3%, Universal Music Group N.V. 9.7%, SPOTIFY TECHNOLOGY S.A. 9.3%, TENCENT MUSIC ENTERTAINMENT GROUP 6.8%, ALPHABET INC. 5.9%, AMAZON.COM, INC. 5.5%, HYBE Co., Ltd. 5.2%, MADISON SQUARE GARDEN ENTERTAINMENT CORP. 5.2%, WARNER MUSIC GROUP CORP. 5.2%, APPLE INC. 5.2% | ETFIQ |
| Net assets | $22m | SEC filing, whole fund, as filed for Apr 30, 2026 |
| Below its all-time high | −15.8% | ETFIQ |
| Expense ratio | 0.75% | 485BPOS XBRL, Aug 27, 2026 |
| Fee for the part that differs from the S&P 500, active expense ratio | 0.85% | ETFIQ |
| Closest funds by holdings overlap | PNQI 20%, FDCF 17%, IVES 16%, XIGV 15%, USNZ 14% | ETFIQ |

## Questions

### How much of MUSQ is in S&P 500 companies?

By its holdings filed for Apr 30, 2026, 28% of MUSQ by weight is stocks the S&P 500 already holds. Its active share against the index is 88%, so that share is the part doing something different.

### What does MUSQ hold?

31 positions as filed for Apr 30, 2026, with the top ten at 69% of the fund. The largest are LIVE NATION ENTERTAINMENT, INC. at 11.3%, Universal Music Group N.V. at 9.7%, SPOTIFY TECHNOLOGY S.A. at 9.3%.

### Has MUSQ beaten the S&P 500?

Over the year to Sep 11, 2026 MUSQ returned −15.2% with distributions reinvested, against +17.5% for the S&P 500, so it finished behind the index by 32.7 points.

### What does MUSQ cost?

The prospectus expense ratio is 0.75% a year. Because 88% of the fund differs from the S&P 500, the fee on that differing part works out at 0.85%.


## Cite this page

ETFIQ, MUSQ, data as of Sep 11, 2026. https://etfiq.com/funds/MUSQ
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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