MUSQ vs QSU

Comparison between MUSQ GLOBAL MUSIC INDUSTRY INDEX ETF (MUSQ, ETF) and Defiance Daily Target 2X Long QS ETF (QSU, ETF).

MUSQ vs QSU - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MUSQ(ETF)	QSU(ETF)
Net Assets	$23M	$23M
Expense Ratio	0.76%	N/A
Max Drawdown	23.60%	92.77%
Sharpe Ratio	-0.60	-1.48
5Y Beta	0.86	6.13
P/E Ratio	52.96	N/A
Forward P/E	25.43	N/A
PEG Ratio	0.63	N/A
Debt to Equity	169.45%	N/A
P/S Ratio	1.77	N/A
P/B Ratio	5.85	N/A

Net Assets

MUSQ

$23M

QSU

$23M

Expense Ratio

MUSQ

0.76%

QSU

N/A

Max Drawdown

Winner

MUSQ

23.60%

QSU

92.77%

Sharpe Ratio

Winner

MUSQ

-0.60

QSU

-1.48

5Y Beta

Winner

MUSQ

0.86

QSU

6.13

P/E Ratio

MUSQ

52.96

QSU

N/A

Forward P/E

MUSQ

25.43

QSU

N/A

PEG Ratio

MUSQ

0.63

QSU

N/A

Debt to Equity

MUSQ

169.45%

QSU

N/A

P/S Ratio

MUSQ

1.77

QSU

N/A

P/B Ratio

MUSQ

5.85

QSU

N/A

MUSQ vs QSU - Holdings Comparison

MUSQ and QSU have 0 common holdings. Overlap is 0.00%

MUSQ's top 25 holdings weight is 96.05%. QSU's top 25 holdings weight is 7.00%.

Rank	MUSQ	QSU
#1	LIVE NATION ENTERTAINMENT INC (LYV) - 11.57%	FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 7.00%
#2	UNIVERSAL MUSIC GROUP NV (n/a) - 10.09%	N/A
#3	SPOTIFY TECHNOLOGY SA (SPOT) - 10.06%	N/A
#4	TENCENT MUSIC ENTERTAINMENT GROUP ADR (TME) - 6.77%	N/A
#5	APPLE INC (AAPL) - 5.47%	N/A
#6	ALPHABET INC CLASS A (GOOGL) - 5.37%	N/A
#7	WARNER MUSIC GROUP CORP ORDINARY SHARES CLASS A (WMG) - 5.20%	N/A
#8	MADISON SQUARE GARDEN ENTERTAINMENT CORP (MSGE) - 5.19%	N/A
#9	AMAZON.COM INC (AMZN) - 5.18%	N/A
#10	CTS EVENTIM AG & CO. KGAA (n/a) - 4.89%	N/A
#11	YAMAHA CORP (n/a) - 4.57%	N/A
#12	HYBE ORDINARY SHARES (n/a) - 3.80%	N/A
#13	SONOS INC (SONO) - 3.79%	N/A
#14	NETEASE CLOUD MUSIC INC (n/a) - 2.22%	N/A
#15	JYP ENTERTAINMENT CORP (n/a) - 1.77%	N/A
#16	INVESCO SHRT-TRM INV GOV&AGCY INSTL (AGPXX) - 1.69%	N/A
#17	S.M ENTERTAINMENT CO (n/a) - 1.01%	N/A
#18	STUBHUB HOLDINGS INC ORDINARY SHARES CLASS A (STUB) - 1.00%	N/A
#19	ROLAND CORP ORDINARY SHARES (n/a) - 0.99%	N/A
#20	RESERVOIR MEDIA INC (RSVR) - 0.99%	N/A
#21	AVEX INC (n/a) - 0.97%	N/A
#22	STINGRAY GROUP INC (n/a) - 0.93%	N/A
#23	SONY GROUP CORP (n/a) - 0.89%	N/A
#24	AMUSE INC (n/a) - 0.88%	N/A
#25	SPHERE ENTERTAINMENT CO ORDINARY SHARES CLASS A (SPHR) - 0.76%	N/A
Total Holdings	37	1

MUSQ vs QSU - Historical Returns

Returns include dividend reinvestment.

Period	MUSQ	QSU
1 month	-0.97%	-36.68%
3 months	-1.66%	-16.73%
6 months	-7.94%	-76.67%
1 year	-8.38%	N/A
Max(CAGR)	+1.51%	-96.82%

Winner

MUSQ

-0.97%

QSU

-36.68%

Winner

MUSQ

-1.66%

QSU

-16.73%

Winner

MUSQ

-7.94%

QSU

-76.67%

MUSQ

-8.38%

QSU

N/A

Max(CAGR)

Winner

MUSQ

+1.51%

QSU

-96.82%

MUSQ vs QSU - Annual Returns (2023 - 2026)

Returns include dividend reinvestment.

Year	MUSQ	QSU
2026	-9.94%	-72.36%
2025	+19.92%	-64.53%
2024	-3.31%	N/A
2023	+1.76%	N/A

MUSQ vs QSU 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 QSU was -92.77%, occurring on Mar 30, 2026. This drawdown has not yet recovered.

The current MUSQ drawdown is -15.73%. The current QSU drawdown is -91.57%.

Rank	MUSQ	QSU
#1	-23.12% Sep 16, 2025 - Mar 27, 2026	-92.77% Oct 31, 2025 - Mar 30, 2026
#2	-18.82% Feb 14, 2025 - May 20, 2025	-25.60% Oct 21, 2025 - Oct 24, 2025
#3	-15.69% Jul 18, 2023 - May 6, 2024	-14.00% Oct 24, 2025 - Oct 31, 2025
#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