DUSA vs. EUAD

Last updated Jul 14, 2026

DUSA (Davis Select U.S. Equity ETF) and EUAD (Select STOXX Europe Aerospace & Defense ETF) are both exchange-traded funds - DUSA is a Large Cap Blend Equities fund actively managed by Davis Advisers, while EUAD is a Aerospace & Defense fund tracking the STOXX Europe Total Market Aerospace & Defense Index. DUSA is actively managed, while EUAD is passively managed. Over the past year, DUSA returned 24.31% vs -3.16% for EUAD. At a 0.23 correlation, their price movements are largely independent. DUSA charges 0.62%/yr vs 0.50%/yr for EUAD.

Performance

DUSA vs. EUAD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Davis Select U.S. Equity ETF (DUSA) and Select STOXX Europe Aerospace & Defense ETF (EUAD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DUSA achieves a 12.63% return, which is significantly higher than EUAD's -1.21% return.

DUSA

• 1D: 0.30%
• 1M: 2.51%
• 6M: 10.81%
• YTD: 12.63%
• 1Y: 24.31%
• 3Y*: 22.76%
• 5Y*: 11.84%
• 10Y*: —

EUAD

• 1D: -2.00%
• 1M: 1.19%
• 6M: -13.49%
• YTD: -1.21%
• 1Y: -3.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DUSA vs. EUAD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DUSA Davis Select U.S. Equity ETF	12.63%	22.57%	1.47%
EUAD Select STOXX Europe Aerospace & Defense ETF	-1.21%	74.51%	-6.86%

Correlation

The correlation between DUSA and EUAD is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (All Time) Calculated using the full available price history since Oct 22, 2024	0.23

DUSA vs. EUAD - Sectors Allocation Comparison

Sectors	DUSA	EUAD
Financial Services	25.2%	-
Healthcare	18.4%	0.1%
Consumer Cyclical	13.2%	-
Communication Services	13.2%	-
Energy	9.6%	-
Technology	8.6%	-
Consumer Defensive	6.6%	-
Basic Materials	3.0%	-
Industrials	2.3%	99.5%
Real Estate	-	-
Utilities	-	-

Return for Risk

DUSA vs. EUAD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DUSA

DUSA Risk / Return Rank: 75
DUSA Sharpe Ratio Rank: 77
DUSA Sortino Ratio Rank: 74
DUSA Omega Ratio Rank: 73
DUSA Calmar Ratio Rank: 78
DUSA Martin Ratio Rank: 75

EUAD

EUAD Risk / Return Rank: 8
EUAD Sharpe Ratio Rank: 8
EUAD Sortino Ratio Rank: 8
EUAD Omega Ratio Rank: 8
EUAD Calmar Ratio Rank: 8
EUAD Martin Ratio Rank: 8

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DUSA vs. EUAD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Davis Select U.S. Equity ETF (DUSA) and Select STOXX Europe Aerospace & Defense ETF (EUAD). 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.

	DUSA	EUAD	Difference
Sharpe ratio: Return per unit of total volatility	1.94	-0.11	+2.05
Sortino ratio: Return per unit of downside risk	2.66	0.05	+2.61
Omega ratio: Gain probability vs. loss probability	1.34	1.01	+0.33
Calmar ratio: Return relative to maximum drawdown	3.22	-0.14	+3.36
Martin ratio: Return relative to average drawdown	11.09	-0.32	+11.41

DUSA vs. EUAD - Sharpe Ratio Comparison

The current DUSA Sharpe Ratio is 1.94, which is higher than the EUAD Sharpe Ratio of -0.11. The chart below compares the historical Sharpe Ratios of DUSA and EUAD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DUSA vs. EUAD - Drawdown Comparison

The maximum DUSA drawdown since its inception was -36.71%, which is greater than EUAD's maximum drawdown of -22.04%. Use the drawdown chart below to compare losses from any high point for DUSA and EUAD.

Drawdown Indicators

	DUSA	EUAD	Difference
Max Drawdown Largest peak-to-trough decline	-36.71%	-22.04%	-14.67%
Max Drawdown (1Y) Largest decline over 1 year	-7.59%	-22.04%	+14.45%
Max Drawdown (3Y) Largest decline over 3 years	-16.82%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-30.48%	—	—
Current Drawdown Current decline from peak	0.00%	-13.79%	+13.79%
Average Drawdown Average peak-to-trough decline	-6.66%	-6.16%	-0.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.20%	9.94%	-7.74%

Volatility

DUSA vs. EUAD - Volatility Comparison

The current volatility for Davis Select U.S. Equity ETF (DUSA) is 2.73%, while Select STOXX Europe Aerospace & Defense ETF (EUAD) has a volatility of 8.24%. This indicates that DUSA experiences smaller price fluctuations and is considered to be less risky than EUAD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DUSA	EUAD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.73%	8.24%	-5.51%
Volatility (6M) Calculated over the trailing 6-month period	8.35%	24.42%	-16.07%
Volatility (1Y) Calculated over the trailing 1-year period	12.62%	29.38%	-16.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.59%	29.74%	-11.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.77%	29.74%	-9.97%

DUSA vs. EUAD - Expense Ratio Comparison

DUSA has a 0.62% expense ratio, which is higher than EUAD's 0.50% expense ratio.

Dividends

DUSA vs. EUAD - Dividend Comparison

DUSA's dividend yield for the trailing twelve months is around 0.85%, more than EUAD's 0.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DUSA Davis Select U.S. Equity ETF	0.85%	0.96%	0.85%	3.38%	1.21%	1.12%	0.51%	1.12%	2.77%	0.68%
EUAD Select STOXX Europe Aerospace & Defense ETF	0.41%	0.40%	0.10%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DUSA and EUAD in my portfolio?

DUSA and EUAD have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DUSA or EUAD?

EUAD has higher volatility (8.24%) compared to DUSA (2.73%). In terms of maximum drawdown, DUSA dropped -36.71% vs EUAD's -22.04%.

Which ETF is better, DUSA or EUAD?

On 1-year performance, DUSA leads with 24.31% vs -3.16% for EUAD. On fees, EUAD is cheaper at 0.50% per year. On volatility, DUSA has been the lower-risk option at 2.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DUSA or EUAD?

Over the 1-year period, DUSA has performed better with a 24.31% return vs -3.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DUSA or EUAD?

EUAD is cheaper with a 0.50% expense ratio, compared with 0.62% for DUSA.

Which ETF pays a higher dividend yield, DUSA or EUAD?

DUSA has the higher dividend yield at 0.85%, compared with 0.41% for EUAD.

What is the main difference between DUSA and EUAD?

DUSA is categorized as Large Cap Blend Equities, while EUAD is Aerospace & Defense. They also come from different issuers: Davis Advisers and Select Funds. Their fees differ too: 0.62% for DUSA and 0.50% for EUAD.

Which has better risk-adjusted returns?

DUSA currently has the higher Sharpe Ratio (1.94 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.