MUSQ vs SPAL
Comparison between MUSQ GLOBAL MUSIC INDUSTRY INDEX ETF (MUSQ, ETF) and GraniteShares 2x Long SpaceX Daily ETF (SPAL, ETF).
MUSQ vs SPAL - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
MUSQ
$21M
Winner
SPAL
$21M
Expense Ratio
MUSQ
0.76%
SPAL
N/A
Max Drawdown
Winner
MUSQ
23.60%
SPAL
74.91%
Sharpe Ratio
Winner
MUSQ
-0.85
SPAL
-1.33
5Y Beta
Winner
MUSQ
0.81
SPAL
5.24
P/E Ratio
MUSQ
37.65
SPAL
N/A
Forward P/E
MUSQ
26.49
SPAL
N/A
Debt to Equity
MUSQ
184.84%
SPAL
N/A
P/S Ratio
MUSQ
2.81
SPAL
N/A
P/B Ratio
MUSQ
7.68
SPAL
N/A
MUSQ vs SPAL - Historical Returns
Returns include dividend reinvestment.
1M
MUSQ
+2.59%
Winner
SPAL
+58.66%
3M
Winner
MUSQ
-4.83%
SPAL
-55.27%
6M
MUSQ
-6.79%
SPAL
N/A
1Y
MUSQ
-12.08%
SPAL
N/A
Max(CAGR)
Winner
MUSQ
+1.11%
SPAL
-97.69%
MUSQ vs SPAL - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | MUSQ | SPAL |
|---|---|---|
| 2026 | -10.75% | -55.27% |
| 2025 | +19.92% | N/A |
| 2024 | -3.31% | N/A |
| 2023 | +1.76% | N/A |
MUSQ vs SPAL 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 SPAL was -74.91%, occurring on Aug 5, 2026. This drawdown has not yet recovered.
The current MUSQ drawdown is -16.49%. The current SPAL drawdown is -58.76%.
| Rank | MUSQ | SPAL |
|---|---|---|
| #1 | -23.12% Sep 16, 2025 - Mar 27, 2026 | -74.91% Jun 16, 2026 - Aug 5, 2026 |
| #2 | -18.82% Feb 14, 2025 - May 20, 2025 | N/A |
| #3 | -15.69% Jul 18, 2023 - May 6, 2024 | N/A |
| #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 SPAL is 0.20 which considered as a very weak or no correlation - the stocks move independently of each other.
0.20
-101
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