BRKD vs. OUSA
BRKD (Direxion Daily BRKB Bear 1X Shares) and OUSA (OShares U.S. Quality Dividend ETF) are both exchange-traded funds - BRKD is a Inverse Equities fund tracking the Berkshire Hathaway Inc. Class B (-100%), while OUSA is a Quality Factor fund tracking the O'Shares US Quality Dividend Index. Both are passively managed. Over the past year, BRKD returned -1.36% vs 16.10% for OUSA. Their -0.52 correlation means they have often moved in opposite directions in the past. BRKD charges 1.00%/yr vs 0.48%/yr for OUSA.
Performance
BRKD vs. OUSA - Performance Comparison
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Returns By Period
In the year-to-date period, BRKD achieves a 5.90% return, which is significantly lower than OUSA's 8.45% return.
BRKD
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 3.48%
- YTD
- 5.90%
- 1Y
- -1.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 0.59%
OUSA
- 1D
- 1.27%
- 1M
- 3.71%
- 6M
- 5.67%
- YTD
- 8.45%
- 1Y
- 16.10%
- 3Y*
- 14.04%
- 5Y*
- 9.18%
- 10Y*
- 10.54%
- ALL TIME*
- 10.85%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $880.04K | $1.30M | $1.44M |
BRKD vs. OUSA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BRKD Direxion Daily BRKB Bear 1X Shares | 5.90% | -6.69% | 2.19% |
OUSA OShares U.S. Quality Dividend ETF | 8.45% | 10.23% | -3.07% |
Correlation
The correlation between BRKD and OUSA is -0.42, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.42 |
Correlation (All Time) Calculated using the full available price history since Dec 11, 2024 | -0.52 |
The correlation between BRKD and OUSA shifts across timeframes, from -0.52 (all time) to -0.42 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BRKD vs. OUSA — Risk / Return Rank
BRKD
OUSA
BRKD vs. OUSA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily BRKB Bear 1X Shares (BRKD) and OShares U.S. Quality Dividend ETF (OUSA). 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.
| BRKD | OUSA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.70 | ||
| Sortino ratioReturn per unit of downside risk | -2.48 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.28 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | 1.93 | -2.09 |
| Martin ratioReturn relative to average drawdown | -0.30 | 6.75 | -7.06 |
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Drawdowns
BRKD vs. OUSA - Drawdown Comparison
The maximum BRKD drawdown since its inception was -17.92%, smaller than the maximum OUSA drawdown of -33.12%. Use the drawdown chart below to compare losses from any high point for BRKD and OUSA.
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Drawdown Indicators
| BRKD | OUSA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.92% | -33.12% | +15.20% |
Max Drawdown (1Y)Largest decline over 1 year | -8.85% | -8.36% | -0.49% |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.14% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.54% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.12% | — |
Current DrawdownCurrent decline from peak | -3.69% | 0.00% | -3.69% |
Average DrawdownAverage peak-to-trough decline | -7.31% | -3.50% | -3.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.84% | 2.39% | +2.45% |
Volatility
BRKD vs. OUSA - Volatility Comparison
The current volatility for Direxion Daily BRKB Bear 1X Shares (BRKD) is 0.00%, while OShares U.S. Quality Dividend ETF (OUSA) has a volatility of 3.81%. This indicates that BRKD experiences smaller price fluctuations and is considered to be less risky than OUSA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BRKD | OUSA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 3.81% | -3.81% |
Volatility (6M)Calculated over the trailing 6-month period | 7.61% | 8.12% | -0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.23% | 10.31% | +1.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.33% | 13.39% | +2.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.33% | 15.20% | +1.13% |
BRKD vs. OUSA - Expense Ratio Comparison
BRKD has a 1.00% expense ratio, which is higher than OUSA's 0.48% expense ratio.
Dividends
BRKD vs. OUSA - Dividend Comparison
BRKD's dividend yield for the trailing twelve months is around 1.91%, more than OUSA's 1.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRKD Direxion Daily BRKB Bear 1X Shares | 1.91% | 3.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
OUSA OShares U.S. Quality Dividend ETF | 1.33% | 1.39% | 1.50% | 1.81% | 1.92% | 1.56% | 2.03% | 2.31% | 3.06% | 2.15% | 2.32% | 1.17% |
Frequently Asked Questions
BRKD and OUSA have a correlation of -0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OUSA has higher volatility (3.81%) compared to BRKD (0.00%). In terms of maximum drawdown, BRKD dropped -17.92% vs OUSA's -33.12%.
On 1-year performance, OUSA leads with 16.10% vs -1.36% for BRKD. On fees, OUSA is cheaper at 0.48% per year. On volatility, BRKD has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, OUSA has performed better with a 16.10% return vs -1.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OUSA is cheaper with a 0.48% expense ratio, compared with 1.00% for BRKD.
BRKD has the higher dividend yield at 1.91%, compared with 1.33% for OUSA.
BRKD is categorized as Inverse Equities, while OUSA is Quality Factor. BRKD tracks Berkshire Hathaway Inc. Class B (-100%), while OUSA tracks O'Shares US Quality Dividend Index. They also come from different issuers: Direxion and O'Shares Investments. Their fees differ too: 1.00% for BRKD and 0.48% for OUSA.
OUSA currently has the higher Sharpe Ratio (1.58 vs -0.11), 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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