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APUE vs. QUS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

APUE vs. QUS

Last updated Aug 4, 2026
Documentation

APUE (ActivePassive U.S. Equity ETF) and QUS (State Street SPDR MSCI USA StrategicFactors ETF) are both Large Cap Blend Equities funds. APUE is actively managed, while QUS is passively managed. Over the past 3 years, APUE returned 20.55%/yr vs 17.10%/yr for QUS. Their correlation of 0.90 means they have usually moved in the same direction. APUE charges 0.33%/yr vs 0.15%/yr for QUS.

Performance

APUE vs. QUS - Performance Comparison

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

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Returns By Period

In the year-to-date period, APUE achieves a 12.36% return, which is significantly higher than QUS's 10.23% return.

APUE

1D
1.52%
1M
1.56%
6M
9.75%
YTD
12.36%
1Y
24.75%
3Y*
20.55%
5Y*
—
10Y*
—
ALL TIME*
22.29%

QUS

1D
0.83%
1M
1.29%
6M
7.60%
YTD
10.23%
1Y
19.80%
3Y*
17.10%
5Y*
10.91%
10Y*
13.54%
ALL TIME*
12.75%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

APUE

ActivePassive U.S. Equity ETF
$3.21M$10.30M$6.29M

QUS

State Street SPDR MSCI USA StrategicFactors ETF
$3.01M$4.81M$3.43M

APUE vs. QUS - Yearly Performance Comparison

2026 (YTD)202520242023
APUE
ActivePassive U.S. Equity ETF		12.36%17.49%23.89%17.63%
QUS
State Street SPDR MSCI USA StrategicFactors ETF		10.23%14.13%18.99%15.00%

Correlation

The correlation between APUE and QUS is 0.83, meaning they have usually moved in the same direction, including during past declines.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.83

Correlation (3Y)
Balances recent behavior with more history.

0.90

Correlation (All Time)
Calculated using the full available price history since May 3, 2023

0.90

The correlation between APUE and QUS has been stable across timeframes, ranging from 0.83 to 0.90 - a consistent structural relationship.

APUE vs. QUS - Sectors Allocation Comparison

Sectors
APUE
QUS

Technology

37.0%
28.4%

Financial Services

12.0%
15.7%

Industrials

10.2%
8.1%

Consumer Cyclical

9.8%
5.7%

Communication Services

9.2%
8.2%

Healthcare

9.1%
14.4%

Consumer Defensive

4.6%
8.3%

Energy

2.9%
3.3%

Basic Materials

2.0%
2.2%

Utilities

1.7%
3.9%

Real Estate

1.5%
1.6%

Technology

APUE
37.0%
QUS
28.4%

Financial Services

APUE
12.0%
QUS
15.7%

Industrials

APUE
10.2%
QUS
8.1%

Consumer Cyclical

APUE
9.8%
QUS
5.7%

Communication Services

APUE
9.2%
QUS
8.2%

Healthcare

APUE
9.1%
QUS
14.4%

Consumer Defensive

APUE
4.6%
QUS
8.3%

Energy

APUE
2.9%
QUS
3.3%

Basic Materials

APUE
2.0%
QUS
2.2%

Utilities

APUE
1.7%
QUS
3.9%

Real Estate

APUE
1.5%
QUS
1.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

ActivePassive U.S. Equity ETF

State Street SPDR MSCI USA StrategicFactors ETF

Often compared with APUE:
APUE vs. SWTSXAPUE vs. CGGRAPUE vs. SPYAPUE vs. VCRMAPUE vs. SCHBAPUE vs. BSJOAPUE vs. APIE
Often compared with QUS:
QUS vs. IVVQUS vs. QUALQUS vs. JQUAQUS vs. SPYQUS vs. VOOQUS vs. DGTQUS vs. BERZ

Return for Risk

APUE vs. QUS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
APUE
APUE Risk / Return Rank: 7878
Overall Rank
APUE Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
APUE Sortino Ratio Rank: 7777
Sortino Ratio Rank
APUE Omega Ratio Rank: 7777
Omega Ratio Rank
APUE Calmar Ratio Rank: 7474
Calmar Ratio Rank
APUE Martin Ratio Rank: 8383
Martin Ratio Rank
QUS
QUS Risk / Return Rank: 8585
Overall Rank
QUS Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
QUS Sortino Ratio Rank: 8888
Sortino Ratio Rank
QUS Omega Ratio Rank: 8686
Omega Ratio Rank
QUS Calmar Ratio Rank: 7878
Calmar Ratio Rank
QUS Martin Ratio Rank: 8686
Martin Ratio Rank
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.

APUE vs. QUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ActivePassive U.S. Equity ETF (APUE) 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.

APUEQUSDifference
Sharpe ratioReturn per unit of total volatility
1.93
2.16

-0.23

Sortino ratioReturn per unit of downside risk
2.67
3.05

-0.38

Omega ratioGain probability vs. loss probability

1.35

1.39

-0.04

Calmar ratioReturn relative to maximum drawdown

2.77

2.90

-0.14

Martin ratioReturn relative to average drawdown

12.28

12.95

-0.67

APUE vs. QUS - Sharpe Ratio Comparison

The current APUE Sharpe Ratio is 1.93, which is comparable to the QUS Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of APUE and QUS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

APUE vs. QUS - Drawdown Comparison

The maximum APUE drawdown since its inception was -18.83%, smaller than the maximum QUS drawdown of -33.78%. Use the drawdown chart below to compare losses from any high point for APUE and QUS.

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Drawdown Indicators

APUEQUSDifference

Max Drawdown

Largest peak-to-trough decline

-18.83%

-33.78%

+14.95%

Max Drawdown (1Y)

Largest decline over 1 year

-8.98%

-6.85%

-2.13%

Max Drawdown (3Y)

Largest decline over 3 years

-18.83%

-13.94%

-4.89%

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

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-2.03%

-3.66%

+1.63%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.02%

1.53%

+0.49%

Volatility

APUE vs. QUS - Volatility Comparison

ActivePassive U.S. Equity ETF (APUE) has a higher volatility of 3.61% compared to State Street SPDR MSCI USA StrategicFactors ETF (QUS) at 2.42%. This indicates that APUE's price experiences larger fluctuations and is considered to be riskier than QUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

APUEQUSDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.61%

2.42%

+1.19%

Volatility (6M)

Calculated over the trailing 6-month period

10.10%

6.97%

+3.13%

Volatility (1Y)

Calculated over the trailing 1-year period

12.93%

9.22%

+3.71%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.64%

14.32%

+0.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.64%

16.40%

-1.76%

APUE vs. QUS - Expense Ratio Comparison

APUE has a 0.33% expense ratio, which is higher than QUS's 0.15% expense ratio.

Dividends

APUE vs. QUS - Dividend Comparison

APUE's dividend yield for the trailing twelve months is around 0.74%, less than QUS's 1.27% yield.

PositionTTM20252024202320222021202020192018201720162015
APUE
ActivePassive U.S. Equity ETF		0.74%0.83%0.79%0.41%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
QUS
State Street SPDR MSCI USA StrategicFactors ETF		1.27%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

APUE and QUS have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

APUE has higher volatility (3.61%) compared to QUS (2.42%). In terms of maximum drawdown, APUE dropped -18.83% vs QUS's -33.78%.

On 3-year performance, APUE leads with 20.55% vs 17.10% for QUS. On fees, QUS is cheaper at 0.15% per year. On volatility, QUS has been the lower-risk option at 2.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, APUE has performed better with a 20.55% return vs 17.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

QUS is cheaper with a 0.15% expense ratio, compared with 0.33% for APUE.

QUS has the higher dividend yield at 1.27%, compared with 0.74% for APUE.

They also come from different issuers: ActivePassive and State Street. Their fees differ too: 0.33% for APUE and 0.15% for QUS.

QUS currently has the higher Sharpe Ratio (2.16 vs 1.93), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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