MUSQ vs FMQQ
Comparison between MUSQ GLOBAL MUSIC INDUSTRY INDEX ETF (MUSQ, ETF) and FMQQ THE NEXT FRONTIER INTERNET ETF (FMQQ, ETF).
MUSQ vs FMQQ - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
MUSQ
$21M
Winner
FMQQ
$21M
Expense Ratio
Winner
MUSQ
0.76%
FMQQ
0.86%
Max Drawdown
Winner
MUSQ
23.60%
FMQQ
64.51%
Sharpe Ratio
MUSQ
-0.86
Winner
FMQQ
-0.82
5Y Beta
Winner
MUSQ
0.81
FMQQ
0.86
P/E Ratio
MUSQ
37.65
FMQQ
N/A
Forward P/E
MUSQ
26.49
FMQQ
N/A
Debt to Equity
MUSQ
184.84%
FMQQ
N/A
P/S Ratio
MUSQ
2.81
FMQQ
N/A
P/B Ratio
MUSQ
7.68
FMQQ
N/A
MUSQ vs FMQQ - Holdings Comparison
MUSQ and FMQQ have 1 common holdings. Overlap is -1.24%
MUSQ's top 25 holdings weight is 99.69%. FMQQ's top 25 holdings weight is 93.46%.
| Rank | MUSQ | FMQQ |
|---|---|---|
| #1 | LIVE NATION ENTERTAINMENT INC (LYV) - 9.24% | SEA LTD ADR (SE) - 7.89% |
| #2 | SPOTIFY TECHNOLOGY SA (SPOT) - 9.09% | MERCADOLIBRE INC (MELI) - 7.65% |
| #3 | UNIVERSAL MUSIC GROUP NV (n/a) - 7.22% | RELIANCE INDUSTRIES LTD (n/a) - 7.13% |
| #4 | CTS EVENTIM AG & CO. KGAA (n/a) - 6.03% | BAJAJ FINANCE LTD (n/a) - 6.93% |
| #5 | AMAZON.COM INC (AMZN) - 5.67% | NU HOLDINGS LTD ORDINARY SHARES CLASS A (NU) - 6.50% |
| #6 | WARNER MUSIC GROUP CORP ORDINARY SHARES CLASS A (WMG) - 5.52% | ALLEGRO.EU SA ORDINARY SHARES (n/a) - 5.12% |
| #7 | ALPHABET INC CLASS A (GOOGL) - 5.30% | ETERNAL LTD (n/a) - 5.12% |
| #8 | YAMAHA CORP (n/a) - 5.19% | JIO FINANCIAL SERVICES LTD (n/a) - 4.50% |
| #9 | SONOS INC (SONO) - 5.19% | GRAB HOLDINGS LTD CLASS A (GRAB) - 4.33% |
| #10 | JYP ENTERTAINMENT CORP (n/a) - 5.13% | KASPI.KZ JSC ADS (KSPI) - 4.20% |
| #11 | MADISON SQUARE GARDEN ENTERTAINMENT CORP (MSGE) - 4.84% | XP INC CLASS A (XP) - 3.57% |
| #12 | HYBE ORDINARY SHARES (n/a) - 4.65% | PB FINTECH LTD (n/a) - 3.03% |
| #13 | APPLE INC (AAPL) - 4.50% | NAVER CORP (n/a) - 3.00% |
| #14 | S.M ENTERTAINMENT CO (n/a) - 3.54% | COUPANG INC ORDINARY SHARES CLASS A (CPNG) - 2.89% |
| #15 | ROLAND CORP ORDINARY SHARES (n/a) - 3.13% | SWIGGY LTD (n/a) - 2.69% |
| #16 | AVEX INC (n/a) - 3.07% | MAKEMYTRIP LTD (MMYT) - 2.48% |
| #17 | YG ENTERTAINMENT INC (n/a) - 3.04% | ONE97 COMMUNICATIONS LTD (n/a) - 2.48% |
| #18 | RESERVOIR MEDIA INC (RSVR) - 2.95% | INFO EDGE (INDIA) LTD (n/a) - 2.44% |
| #19 | CASH (n/a) - 1.13% | LENSKART SOLUTIONS LTD (n/a) - 2.37% |
| #20 | DOLBY LABORATORIES INC CLASS A (DLB) - 0.98% | FSN E-COMMERCE VENTURES LTD (n/a) - 2.36% |
| #21 | SPHERE ENTERTAINMENT CO ORDINARY SHARES CLASS A (SPHR) - 0.89% | MEESHO LTD (n/a) - 1.47% |
| #22 | SONY GROUP CORP (n/a) - 0.89% | PT GOTO GOJEK TOKOPEDIA TBK (n/a) - 1.42% |
| #23 | PIA CORP (n/a) - 0.88% | STONECO LTD CLASS A (STNE) - 1.42% |
| #24 | MERRY ELECTRONICS CO LTD (n/a) - 0.81% | BILLIONBRAINS GARAGE VENTURES LTD (n/a) - 1.40% |
| #25 | STUBHUB HOLDINGS INC ORDINARY SHARES CLASS A (STUB) - 0.81% | KAKAO CORP (n/a) - 1.07% |
| Total Holdings | 30 | 44 |
MUSQ vs FMQQ - Historical Returns
Returns include dividend reinvestment.
1M
MUSQ
+2.59%
Winner
FMQQ
+2.77%
3M
MUSQ
-4.83%
Winner
FMQQ
+10.08%
6M
MUSQ
-6.79%
Winner
FMQQ
+3.69%
1Y
Winner
MUSQ
-12.08%
FMQQ
-12.65%
5Y(CAGR)
MUSQ
N/A
FMQQ
-12.43%
Max(CAGR)
Winner
MUSQ
+1.11%
FMQQ
-12.43%
MUSQ vs FMQQ - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | MUSQ | FMQQ |
|---|---|---|
| 2026 | -10.75% | -7.66% |
| 2025 | +19.92% | +8.74% |
| 2024 | -3.31% | +14.13% |
| 2023 | +1.76% | +16.04% |
| 2022 | N/A | -54.27% |
| 2021 | N/A | -15.21% |
MUSQ vs FMQQ Drawdown Comparison
The maximum drawdown for MUSQ was -23.12%, occurring on Mar 27, 2026. This drawdown has not yet recovered.
The maximum drawdown for FMQQ was -64.51%, occurring on Oct 14, 2022. This drawdown has not yet recovered.
The current MUSQ drawdown is -16.49%. The current FMQQ drawdown is -49.72%.
| Rank | MUSQ | FMQQ |
|---|---|---|
| #1 | -23.12% Sep 16, 2025 - Mar 27, 2026 | -64.51% Oct 19, 2021 - Oct 14, 2022 |
| #2 | -18.82% Feb 14, 2025 - May 20, 2025 | -3.78% Oct 1, 2021 - Oct 15, 2021 |
| #3 | -15.69% Jul 18, 2023 - May 6, 2024 | -0.37% Sep 28, 2021 - Sep 30, 2021 |
| #4 | -14.51% May 6, 2024 - Jan 30, 2025 | N/A |
| #5 | -7.33% Jul 23, 2025 - Aug 13, 2025 | N/A |
| #6 | -2.50% Aug 18, 2025 - Sep 8, 2025 | N/A |
| #7 | -1.91% Jun 30, 2025 - Jul 17, 2025 | N/A |
| #8 | -1.61% Jun 10, 2025 - Jun 23, 2025 | N/A |
| #9 | -1.57% May 27, 2025 - Jun 4, 2025 | N/A |
| #10 | -1.09% May 20, 2025 - May 27, 2025 | N/A |
| #11 | -0.94% Jan 30, 2025 - Feb 4, 2025 | N/A |
| #12 | -0.93% Jul 13, 2023 - Jul 18, 2023 | N/A |
| #13 | -0.92% Jul 17, 2025 - Jul 22, 2025 | N/A |
| #14 | -0.91% Jun 24, 2025 - Jun 26, 2025 | N/A |
| #15 | -0.53% Jul 7, 2023 - Jul 11, 2023 | N/A |
Correlation
Correlation between MUSQ and FMQQ is 0.74 which considered as a strong positive correlation - the stocks tend to move together.
0.74
-101
Dividend Comparison (2023 - 2025)
MUSQ vs FMQQ dividend yield comparison.
| Year | MUSQ | FMQQ |
|---|---|---|
| 2025 | 0.63% | 0.61% |
| 2024 | 1.08% | 0.45% |
| 2023 | 0.74% | 0.11% |
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