ACEP vs. QUS

Last updated Aug 6, 2026

ACEP (ARS Core Equity Portfolio ETF) and QUS (State Street SPDR MSCI USA StrategicFactors ETF) are both Large Cap Blend Equities funds. ACEP is actively managed, while QUS is passively managed. Their 0.68 correlation means they have sometimes moved together and sometimes differently. ACEP charges 0.45%/yr vs 0.15%/yr for QUS.

Performance

ACEP vs. QUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ARS Core Equity Portfolio ETF (ACEP) and State Street SPDR MSCI USA StrategicFactors ETF (QUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ACEP achieves a 24.65% return, which is significantly higher than QUS's 11.79% return.

ACEP

• 1D: 0.02%
• 1M: 2.51%
• 6M: 15.44%
• YTD: 24.65%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

QUS

• 1D: 0.02%
• 1M: 2.61%
• 6M: 9.40%
• YTD: 11.79%
• 1Y: 20.72%
• 3Y*: 17.66%
• 5Y*: 11.08%
• 10Y*: 13.70%
• ALL TIME*: 12.88%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ACEP ARS Core Equity Portfolio ETF	$36.53K	$36.84K	$48.24K
QUS State Street SPDR MSCI USA StrategicFactors ETF	$3.07M	$4.72M	$3.42M

ACEP vs. QUS - Yearly Performance Comparison

	2026 (YTD)	2025
ACEP ARS Core Equity Portfolio ETF	24.65%	8.00%
QUS State Street SPDR MSCI USA StrategicFactors ETF	11.79%	4.33%

Correlation

The correlation between ACEP and QUS is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 21, 2025	0.68

ACEP vs. QUS - Sectors Allocation Comparison

Sectors	ACEP	QUS
Technology	34.3%	28.4%
Financial Services	14.4%	15.7%
Energy	12.5%	3.3%
Industrials	12.1%	8.1%
Basic Materials	11.1%	2.2%
Healthcare	8.2%	14.4%
Consumer Cyclical	2.8%	5.7%
Consumer Defensive	1.9%	8.3%
Real Estate	1.6%	1.6%
Communication Services	1.2%	8.2%
Utilities	-	3.9%

Return for Risk

ACEP vs. QUS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ACEP

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

QUS

QUS Risk / Return Rank: 84
QUS Sharpe Ratio Rank: 87
QUS Sortino Ratio Rank: 87
QUS Omega Ratio Rank: 86
QUS Calmar Ratio Rank: 76
QUS Martin Ratio Rank: 85

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ACEP vs. QUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ARS Core Equity Portfolio ETF (ACEP) and State Street SPDR MSCI USA StrategicFactors ETF (QUS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ACEP	QUS	Difference
Sharpe ratio: Return per unit of total volatility	—	2.27	—
Sortino ratio: Return per unit of downside risk	—	3.20	—
Omega ratio: Gain probability vs. loss probability	—	1.41	—
Calmar ratio: Return relative to maximum drawdown	—	3.04	—
Martin ratio: Return relative to average drawdown	—	13.56	—

Drawdowns

ACEP vs. QUS - Drawdown Comparison

The maximum ACEP drawdown since its inception was -7.06%, smaller than the maximum QUS drawdown of -33.78%. Use the drawdown chart below to compare losses from any high point for ACEP and QUS.

Drawdown Indicators

	ACEP	QUS	Difference
Max Drawdown Largest peak-to-trough decline	-7.06%	-33.78%	+26.72%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.85%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-13.94%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.30%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.78%	—
Current Drawdown Current decline from peak	-0.44%	0.00%	-0.44%
Average Drawdown Average peak-to-trough decline	-1.74%	-3.66%	+1.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.53%	—

Volatility

Volatility by Period

	ACEP	QUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.76%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.06%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.86%	9.21%	+7.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.86%	14.33%	+2.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.86%	16.40%	+0.46%

ACEP vs. QUS - Expense Ratio Comparison

ACEP has a 0.45% expense ratio, which is higher than QUS's 0.15% expense ratio.

Dividends

ACEP vs. QUS - Dividend Comparison

ACEP's dividend yield for the trailing twelve months is around 0.11%, less than QUS's 1.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ACEP ARS Core Equity Portfolio ETF	0.11%	0.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QUS State Street SPDR MSCI USA StrategicFactors ETF	1.25%	1.38%	1.49%	1.57%	1.68%	1.27%	1.73%	1.81%	2.12%	1.86%	2.07%	1.48%

Frequently Asked Questions

Can I hold both ACEP and QUS in my portfolio?

ACEP and QUS have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ACEP or QUS?

On fees, QUS is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ACEP or QUS?

QUS is cheaper with a 0.15% expense ratio, compared with 0.45% for ACEP.

Which ETF pays a higher dividend yield, ACEP or QUS?

QUS has the higher dividend yield at 1.25%, compared with 0.11% for ACEP.

What is the main difference between ACEP and QUS?

They also come from different issuers: ARS Investment Partners and State Street. Their fees differ too: 0.45% for ACEP and 0.15% for QUS.