MUSQ vs QQQ
MUSQ Global Music Industry Index ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | MUSQ | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.76% | 0.18% | |
| AUM | $21M | $496.3B | |
| Dividend Yield | 0.71% | 0.44% | |
| Holdings | 32 | 108 | |
| YTD Return | -9.28% | +16.30% | |
| 1Y Return | -12.41% | +24.83% | |
| 3Y Return (annualized) | +3.11% | +25.48% | |
| 5Y Return (annualized) | - | +14.50% | |
| Volatility (annualized) | 15.5% | 30.6% | |
| Max Drawdown | -23.1% | -83.0% | |
| Fund Family | Exchange Traded Concepts Trust | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Jul 6, 2023 | Mar 10, 1999 |
MUSQ vs QQQ Performance
MUSQ Global Music Industry Index ETF (MUSQ) is a ETF from Exchange Traded Concepts Trust and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year MUSQ returned -12.41% while QQQ returned +24.83%. Year to date, MUSQ is down 9.28% versus a gain of 16.30% for QQQ.
Over three years, MUSQ compounded at +3.11% per year against +25.48% for QQQ. Across the full 3-year window we track, QQQ has the edge at +13.01% annualized vs +1.30%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 15.5% for MUSQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -23.1% for MUSQ and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.66. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MUSQ charges 0.76% per year while QQQ charges 0.18%. On a $10,000 position that is $76 vs $18 annually, a gap of $58 per year that compounds over a long holding period. On income, MUSQ currently yields 0.71% against 0.44% for QQQ.
Holdings Overlap
MUSQ and QQQ share 3 holdings out of 125 unique holdings combined, representing a 12.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, MUSQ or QQQ?
MUSQ has an expense ratio of 0.76% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $58 per year of difference.
Which performed better, MUSQ or QQQ?
Over the past year MUSQ returned -12.41% vs +24.83% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), MUSQ annualized +1.30% vs +13.01% for QQQ. Past performance does not guarantee future results.
Which is riskier, MUSQ or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 15.5% for MUSQ. Worst drawdown: MUSQ -23.1% vs QQQ -83.0%.
Should I hold both MUSQ and QQQ?
MUSQ and QQQ have a monthly-return correlation of 0.66, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MUSQ and QQQ?
MUSQ and QQQ share 3 common holdings with a 12.6% weight overlap. Combined, they hold 125 unique securities.
Which pays a higher dividend, MUSQ or QQQ?
MUSQ yields 0.71% while QQQ yields 0.44%, so MUSQ currently pays the higher dividend yield.
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