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MUSQ - ETF AI Analysis
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MUSQ Global Music Industry ETF (MUSQ)
Rating:61Neutral
Price Target:―
Positive Factors
Targeted Exposure to the Global Music Industry
The ETF gives focused access to many of the world’s major music and entertainment companies in a single investment.
Geographic Diversification
Holdings spread across the U.S., Europe, and Asia help reduce the impact of weakness in any one country.
Mix of Established Tech and Consumer Brands
Top positions include well-known technology and consumer companies alongside pure-play music names, which can provide some balance within the theme.
Negative Factors
High Expense Ratio
The fund charges relatively high annual fees, which can eat into long-term returns compared with cheaper ETFs.
Recent Weak Performance
The ETF has shown negative returns over the past month, three months, and year-to-date, signaling recent headwinds for its holdings.
Concentration in a Single Industry and Few Stocks
A large share of assets is tied to a narrow music-related theme and a small group of companies, increasing the risk if this industry or these names struggle.
MUSQ vs. SPDR S&P 500 ETF (SPY)
AUM24.06M
RegionGlobal
Expense Ratio0.76%
Beta0.83
IssuerMUSQ
Inception DateJul 06, 2023
Dividend Yield0.64%
Asset ClassEquity
Index TrackedMUSQ Global Music Industry Index - Benchmark TR Net
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume261
30 Day Avg. Volume407
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
34.84Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering26
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
MUSQ Summary
MUSQ Global Music Industry ETF lets you invest in the global music business by tracking the MUSQ Global Music Industry Index. It holds companies involved in streaming, live concerts, and music production across several countries. Well-known holdings include Spotify, Apple, Amazon, and Universal Music Group. Someone might invest in MUSQ if they believe music streaming and live events will keep growing and want a focused way to benefit from that trend while still owning a basket of different companies. A key risk is that it is heavily tied to the music and entertainment industry, so it can rise or fall 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 a pure play on the global music ecosystem, but its biggest stars are hitting some off notes lately. Core music names like Universal Music Group, Spotify, Tencent Music, and CTS Eventim have been lagging, acting as a brake on the fund. Offsetting that, live-venue player Madison Square Garden Entertainment has been rising nicely, with Alphabet and Amazon providing steadier Big Tech support from the sidelines. The ETF is heavily tilted toward media and entertainment, with a global mix spanning the U.S., Europe, and Asia, so performance is closely tied to the health of worldwide music and streaming trends.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Live Nation Entertainment | 10.58% | $2.54M | $33.77B | 0.53% | 69 Neutral | |
| Universal Music Group | 10.44% | $2.51M | €37.93B | -11.18% | 71 Outperform | |
| Spotify | 10.33% | $2.48M | $103.02B | -8.79% | 66 Neutral | |
| Tencent Music Entertainment Group | 7.92% | $1.90M | $23.63B | 40.07% | 71 Outperform | |
| CTS Eventim AG & Co. KGaA | 5.52% | $1.33M | €6.81B | -24.42% | 69 Neutral | |
| Alphabet Class A | 5.07% | $1.22M | $4.08T | 65.67% | 85 Outperform | |
| Amazon | 5.00% | $1.20M | $2.56T | 0.68% | 71 Outperform | |
| Apple | 5.00% | $1.20M | $3.81T | 9.95% | 79 Outperform | |
| Warner Music Group | 4.83% | $1.16M | $15.66B | -5.72% | 64 Neutral | |
| Yamaha | 4.81% | $1.16M | ¥541.55B | 0.92% | 68 Neutral |
MUSQ Technical Analysis
Negative
―
Price Trends
27.70
Negative
28.37
Negative
27.92
Negative
Market Momentum
>-0.01
Positive
46.21
Neutral
73.67
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 27.91, equal to the 50-day MA of 27.70, and equal to the 200-day MA of 27.92, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 46.21 is Neutral, neither overbought nor oversold. The STOCH value of 73.67 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
27.68
2.58
10.28%
EVX
VanEck Environmental Services ETF
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SPTE
SP Funds S&P Global Technology ETF
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FFND
Future Fund Active ETF
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FCLD
Fidelity Cloud Computing ETF
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GGME
Invesco Next Gen Media And Gaming Etf
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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.
Disclaimer
This 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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