BERZ vs. QUS
Compare and contrast key facts about MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ) and SPDR MSCI USA StrategicFactors ETF (QUS).
BERZ and QUS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BERZ is a passively managed fund by BMO Financial Group that tracks the performance of the Solactive FANG Innovation Index. It was launched on Aug 17, 2021. QUS is a passively managed fund by State Street that tracks the performance of the MSCI USA Factor Mix A-Series Capped (USD). It was launched on Apr 16, 2015. Both BERZ and QUS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BERZ or QUS.
Key characteristics
| BERZ | QUS | |
|---|---|---|
| YTD Return | -65.32% | 23.38% |
| 1Y Return | -75.13% | 32.97% |
| 3Y Return (Ann) | -57.22% | 9.68% |
| Sharpe Ratio | -1.06 | 3.32 |
| Sortino Ratio | -2.21 | 4.67 |
| Omega Ratio | 0.76 | 1.63 |
| Calmar Ratio | -0.77 | 5.89 |
| Martin Ratio | -1.41 | 21.97 |
| Ulcer Index | 53.09% | 1.50% |
| Daily Std Dev | 70.92% | 9.91% |
| Max Drawdown | -97.18% | -33.78% |
| Current Drawdown | -97.11% | -0.31% |
Correlation
The correlation between BERZ and QUS is -0.80. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
BERZ vs. QUS - Performance Comparison
In the year-to-date period, BERZ achieves a -65.32% return, which is significantly lower than QUS's 23.38% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BERZ vs. QUS - Expense Ratio Comparison
BERZ has a 0.95% expense ratio, which is higher than QUS's 0.15% expense ratio.
Risk-Adjusted Performance
BERZ vs. QUS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ) and 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.
Dividends
BERZ vs. QUS - Dividend Comparison
BERZ has not paid dividends to shareholders, while QUS's dividend yield for the trailing twelve months is around 1.35%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
BERZ MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QUS SPDR MSCI USA StrategicFactors ETF | 1.35% | 1.57% | 1.68% | 1.27% | 1.73% | 1.81% | 2.12% | 1.86% | 2.07% | 1.48% |
Drawdowns
BERZ vs. QUS - Drawdown Comparison
The maximum BERZ drawdown since its inception was -97.18%, which is greater than QUS's maximum drawdown of -33.78%. Use the drawdown chart below to compare losses from any high point for BERZ and QUS. For additional features, visit the drawdowns tool.
Volatility
BERZ vs. QUS - Volatility Comparison
MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ) has a higher volatility of 22.61% compared to SPDR MSCI USA StrategicFactors ETF (QUS) at 3.31%. This indicates that BERZ'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.