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BGRO vs. QUS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BGRO vs. QUS

Last updated Aug 2, 2026
Documentation

BGRO (BlackRock Large Cap Growth ETF) and QUS (SPDR MSCI USA StrategicFactors ETF) are both Large Cap Growth Equities funds. BGRO is actively managed, while QUS is passively managed. Over the past year, BGRO returned 13.92% vs 18.81% for QUS. Their 0.65 correlation means they have sometimes moved together and sometimes differently. BGRO charges 0.55%/yr vs 0.15%/yr for QUS.

Performance

BGRO vs. QUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Large Cap Growth ETF (BGRO) and SPDR MSCI USA StrategicFactors ETF (QUS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both investments are quite close, with BGRO having a 8.91% return and QUS slightly higher at 9.32%.

BGRO

1D
1.70%
1M
-0.79%
6M
8.95%
YTD
8.91%
1Y
13.92%
3Y*
—
5Y*
—
10Y*
—
ALL TIME*
15.33%

QUS

1D
0.33%
1M
0.45%
6M
7.38%
YTD
9.32%
1Y
18.81%
3Y*
16.09%
5Y*
10.75%
10Y*
13.56%
ALL TIME*
12.68%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

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

BGRO

BlackRock Large Cap Growth ETF
$7.79K$25.19K$34.77K

QUS

SPDR MSCI USA StrategicFactors ETF
$2.96M$4.90M$3.46M

BGRO vs. QUS - Yearly Performance Comparison

2026 (YTD)20252024
BGRO
BlackRock Large Cap Growth ETF		8.91%12.37%11.06%
QUS
SPDR MSCI USA StrategicFactors ETF		9.32%14.13%8.11%

Correlation

The correlation between BGRO and QUS is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

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

0.60

Correlation (All Time)
Calculated using the full available price history since Jun 5, 2024

0.65

The correlation between BGRO and QUS has been stable across timeframes, ranging from 0.60 to 0.65 - a consistent structural relationship.

BGRO vs. QUS - Sectors Allocation Comparison

Sectors
BGRO
QUS

Technology

51.5%
28.4%

Industrials

16.9%
8.1%

Communication Services

10.4%
8.2%

Consumer Cyclical

8.5%
5.7%

Real Estate

4.2%
1.6%

Healthcare

3.2%
14.4%

Energy

2.5%
3.3%

Basic Materials

1.9%
2.2%

Financial Services

1.4%
15.7%

Consumer Defensive

0.9%
8.3%

Utilities

-

3.9%

Technology

BGRO
51.5%
QUS
28.4%

Industrials

BGRO
16.9%
QUS
8.1%

Communication Services

BGRO
10.4%
QUS
8.2%

Consumer Cyclical

BGRO
8.5%
QUS
5.7%

Real Estate

BGRO
4.2%
QUS
1.6%

Healthcare

BGRO
3.2%
QUS
14.4%

Energy

BGRO
2.5%
QUS
3.3%

Basic Materials

BGRO
1.9%
QUS
2.2%

Financial Services

BGRO
1.4%
QUS
15.7%

Consumer Defensive

BGRO
0.9%
QUS
8.3%

Utilities

BGRO

-

QUS
3.9%

Compare stocks, funds, or ETFs

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

BlackRock Large Cap Growth ETF

SPDR MSCI USA StrategicFactors ETF

Often compared with BGRO:
BGRO vs. VUGBGRO vs. FSPGXBGRO vs. DGROBGRO vs. POLIXBGRO vs. SPYBGRO vs. XGRO.TOBGRO vs. FBGRX
Often compared with QUS:
QUS vs. IVVQUS vs. QUALQUS vs. JQUAQUS vs. SPYQUS vs. VOOQUS vs. DGTQUS vs. BERZ

Return for Risk

BGRO vs. QUS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
BGRO
BGRO Risk / Return Rank: 2424
Overall Rank
BGRO Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
BGRO Sortino Ratio Rank: 2424
Sortino Ratio Rank
BGRO Omega Ratio Rank: 2424
Omega Ratio Rank
BGRO Calmar Ratio Rank: 2222
Calmar Ratio Rank
BGRO Martin Ratio Rank: 2525
Martin Ratio Rank
QUS
QUS Risk / Return Rank: 8181
Overall Rank
QUS Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
QUS Sortino Ratio Rank: 8383
Sortino Ratio Rank
QUS Omega Ratio Rank: 8282
Omega Ratio Rank
QUS Calmar Ratio Rank: 7474
Calmar Ratio Rank
QUS Martin Ratio Rank: 8484
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.

BGRO vs. QUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Large Cap Growth ETF (BGRO) 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.

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.

BGROQUSDifference
Sharpe ratioReturn per unit of total volatility
0.57
1.93

-1.36

Sortino ratioReturn per unit of downside risk
0.91
2.73

-1.82

Omega ratioGain probability vs. loss probability

1.11

1.35

-0.24

Calmar ratioReturn relative to maximum drawdown

0.64

2.60

-1.95

Martin ratioReturn relative to average drawdown

1.97

11.58

-9.62

BGRO vs. QUS - Sharpe Ratio Comparison

The current BGRO Sharpe Ratio is 0.57, which is lower than the QUS Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of BGRO 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

BGRO vs. QUS - Drawdown Comparison

The maximum BGRO drawdown since its inception was -24.94%, smaller than the maximum QUS drawdown of -33.78%. Use the drawdown chart below to compare losses from any high point for BGRO and QUS.

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Drawdown Indicators

BGROQUSDifference

Max Drawdown

Largest peak-to-trough decline

-24.94%

-33.78%

+8.84%

Max Drawdown (1Y)

Largest decline over 1 year

-17.64%

-6.85%

-10.79%

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

-6.19%

-0.26%

-5.93%

Average Drawdown

Average peak-to-trough decline

-4.82%

-3.66%

-1.16%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.76%

1.53%

+4.23%

Volatility

BGRO vs. QUS - Volatility Comparison

BlackRock Large Cap Growth ETF (BGRO) has a higher volatility of 6.02% compared to SPDR MSCI USA StrategicFactors ETF (QUS) at 2.37%. This indicates that BGRO'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

BGROQUSDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.02%

2.37%

+3.65%

Volatility (6M)

Calculated over the trailing 6-month period

16.00%

6.94%

+9.06%

Volatility (1Y)

Calculated over the trailing 1-year period

19.92%

9.24%

+10.68%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.57%

14.32%

+9.25%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.57%

16.39%

+7.18%

BGRO vs. QUS - Expense Ratio Comparison

BGRO has a 0.55% expense ratio, which is higher than QUS's 0.15% expense ratio.

Dividends

BGRO vs. QUS - Dividend Comparison

BGRO's dividend yield for the trailing twelve months is around 0.03%, less than QUS's 1.28% yield.

PositionTTM20252024202320222021202020192018201720162015
BGRO
BlackRock Large Cap Growth ETF		0.03%0.04%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		1.28%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

BGRO and QUS have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BGRO has higher volatility (6.02%) compared to QUS (2.37%). In terms of maximum drawdown, BGRO dropped -24.94% vs QUS's -33.78%.

On 1-year performance, QUS leads with 18.81% vs 13.92% for BGRO. On fees, QUS is cheaper at 0.15% per year. On volatility, QUS has been the lower-risk option at 2.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, QUS has performed better with a 18.81% return vs 13.92%. 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 0.55% for BGRO.

QUS has the higher dividend yield at 1.28%, compared with 0.03% for BGRO.

They also come from different issuers: iShares and State Street. Their fees differ too: 0.55% for BGRO and 0.15% for QUS.

QUS currently has the higher Sharpe Ratio (1.93 vs 0.57), 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.

Portfolio Optimizer

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