MUSQ - ETF AI Analysis
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MUSQ Global Music Industry ETF (MUSQ)
Rating:62Neutral
Price Target:―
Positive Factors
Leading Global Music and Tech Brands
The ETF holds well-known companies in live events, streaming, and technology, and several of these top positions have shown strong recent performance that supports the fund.
Global Diversification Within Music Industry
Holdings spread across the U.S., Europe, and Asia help reduce the impact of weakness in any single country’s music or entertainment market.
Exposure to Growing Digital Music and Entertainment Trends
Significant weights in streaming platforms, live entertainment, and major music rights holders give investors targeted access to long-term shifts toward digital and experiential music consumption.
Negative Factors
High Concentration in a Few Names
The largest positions, including Live Nation, Spotify, and Universal Music Group, make up a big share of the portfolio, increasing the impact if any of these companies struggle.
Several Top Holdings Are Underperforming
Key positions such as Spotify, Universal Music Group, Apple, Warner Music Group, and Tencent Music have shown weak year-to-date performance, which has weighed on the ETF’s overall returns.
High Expense Ratio for a Thematic ETF
The fund’s relatively high annual fee means more of the investment return goes to costs, which can be a drag on long-term performance compared with lower-cost funds.
MUSQ vs. SPDR S&P 500 ETF (SPY)
AUM21.90M
RegionGlobal
Expense Ratio0.76%
Beta0.91
IssuerMUSQ
Inception DateJul 06, 2023
Dividend Yield0.69%
Asset ClassEquity
Index TrackedMUSQ Global Music Industry Index - Benchmark TR Net
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume252
30 Day Avg. Volume281
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
32.28Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering25
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
MUSQ Summary
MUSQ Global Music Industry ETF invests in companies tied to the global music business and follows the MUSQ Global Music Industry Index. It holds music streaming platforms, record labels, concert promoters, and related tech and media firms from around the world. Well-known holdings include Spotify, Live Nation, Apple, Amazon, and Alphabet (Google). Someone might invest in MUSQ to bet on the long-term growth of music streaming and live events while getting diversification across many music-related companies instead of picking just one stock. A key risk is that it is heavily focused on the music and entertainment industry, so it can rise or fall sharply with that sector.
How much will it cost me?The MUSQ Global Music Industry ETF has an expense ratio of 0.76%, meaning you’ll pay $7.60 per year for every $1,000 invested. This is higher than average because the fund is actively managed and focuses on a specialized niche in the music industry.
What would affect this ETF?The MUSQ Global Music Industry ETF could benefit from growing consumer demand for music streaming services, live entertainment, and technological advancements in the music sector, as well as global diversification across key players like Spotify and Apple. However, it may face challenges from economic downturns that reduce discretionary spending on entertainment, regulatory changes affecting the media industry, or competition within the technology and streaming sectors. Its exposure to companies like Live Nation and Tencent Music highlights both opportunities and risks tied to global economic and industry-specific trends.
MUSQ Top 10 Holdings
MUSQ is built around the global music ecosystem, with concert giant Live Nation and streaming leader Spotify setting much of the tone. Live Nation has been rising, helping pull the fund higher, while Spotify’s more mixed, recently lagging share price has been a bit of a drag. Universal and Warner Music are seeing choppy, mixed performance, adding some volatility to the playlist. Big Tech names like Apple, Amazon, and Alphabet provide a steadier backbeat, and the fund’s holdings stretch from the U.S. to Europe and Asia, keeping the story truly global.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Live Nation Entertainment | 10.74% | $2.43M | $36.40B | 17.42% | 69 Neutral | |
| Universal Music Group | 10.41% | $2.35M | €36.66B | -17.74% | 71 Outperform | |
| Spotify | 10.33% | $2.33M | $106.62B | -17.05% | 66 Neutral | |
| Tencent Music Entertainment Group | 6.61% | $1.49M | $13.48B | -30.36% | 71 Outperform | |
| Amazon | 5.29% | $1.20M | $2.84T | 39.12% | 71 Outperform | |
| Warner Music Group | 5.08% | $1.15M | $15.12B | -3.24% | 64 Neutral | |
| Alphabet Class A | 5.08% | $1.15M | $4.15T | 118.13% | 85 Outperform | |
| Apple | 4.94% | $1.12M | $3.98T | 27.35% | 79 Outperform | |
| CTS Eventim AG & Co. KGaA | 4.90% | $1.11M | €5.56B | -41.08% | 69 Neutral | |
| Madison Square Garden Entertainment Corp. | 4.72% | $1.07M | $3.00B | 95.44% | 64 Neutral |
MUSQ Technical Analysis
Negative
―
Price Trends
25.60
Negative
26.64
Negative
27.67
Negative
Market Momentum
0.06
Positive
50.75
Neutral
26.49
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For MUSQ, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 25.61, equal to the 50-day MA of 25.60, and equal to the 200-day MA of 27.67, indicating a bearish trend. The MACD of 0.06 indicates Positive momentum. The RSI at 50.75 is Neutral, neither overbought nor oversold. The STOCH value of 26.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MUSQ.
MUSQ Peer Comparison
Comparison Results
Performance Comparison
MUSQ
MUSQ Global Music Industry ETF
25.59
-0.18
-0.70%
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
DisclaimerThis AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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