DUSA vs. QUS

Last updated Aug 4, 2026

DUSA (Davis Select U.S. Equity ETF) and QUS (State Street SPDR MSCI USA StrategicFactors ETF) are both Large Cap Blend Equities funds. DUSA is actively managed, while QUS is passively managed. Over the past 5 years, DUSA returned 12.60%/yr vs 10.91%/yr for QUS. Their correlation of 0.81 means they have usually moved in the same direction. DUSA charges 0.62%/yr vs 0.15%/yr for QUS.

Performance

DUSA vs. QUS - Performance Comparison

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

Returns By Period

In the year-to-date period, DUSA achieves a 13.73% return, which is significantly higher than QUS's 10.23% return.

DUSA

• 1D: 1.16%
• 1M: 2.25%
• 6M: 9.97%
• YTD: 13.73%
• 1Y: 29.99%
• 3Y*: 22.18%
• 5Y*: 12.60%
• 10Y*: —
• ALL TIME*: 13.17%

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

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DUSA Davis Select U.S. Equity ETF	$2.68M	$2.77M	$2.73M
QUS State Street SPDR MSCI USA StrategicFactors ETF	$3.01M	$4.81M	$3.43M

DUSA vs. QUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DUSA Davis Select U.S. Equity ETF	13.73%	22.57%	20.43%	34.17%	-19.57%	17.71%	14.22%	30.54%	-11.93%	16.45%
QUS State Street SPDR MSCI USA StrategicFactors ETF	10.23%	14.13%	18.99%	21.78%	-14.15%	26.72%	12.40%	32.45%	-3.66%	20.38%

Correlation

The correlation between DUSA and QUS is 0.75, 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.	0.75
Correlation (3Y) Balances recent behavior with more history.	0.80
Correlation (5Y) Shows whether the relationship held over a longer period.	0.83
Correlation (All Time) Calculated using the full available price history since Jan 12, 2017	0.81

The correlation between DUSA and QUS has been stable across timeframes, ranging from 0.75 to 0.83 - a consistent structural relationship.

DUSA vs. QUS - Sectors Allocation Comparison

Sectors	DUSA	QUS
Financial Services	27.3%	15.7%
Healthcare	19.4%	14.4%
Consumer Cyclical	13.3%	5.7%
Communication Services	12.2%	8.2%
Energy	8.9%	3.3%
Technology	6.7%	28.4%
Consumer Defensive	6.1%	8.3%
Basic Materials	3.3%	2.2%
Industrials	2.9%	8.1%
Real Estate	-	1.6%
Utilities	-	3.9%

Return for Risk

DUSA vs. QUS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DUSA

DUSA Risk / Return Rank: 90
DUSA Sharpe Ratio Rank: 92
DUSA Sortino Ratio Rank: 91
DUSA Omega Ratio Rank: 89
DUSA Calmar Ratio Rank: 90
DUSA Martin Ratio Rank: 88

QUS

QUS Risk / Return Rank: 85
QUS Sharpe Ratio Rank: 87
QUS Sortino Ratio Rank: 88
QUS Omega Ratio Rank: 86
QUS Calmar Ratio Rank: 78
QUS Martin Ratio Rank: 86

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.

DUSA vs. QUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Davis Select U.S. Equity ETF (DUSA) 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.

	DUSA	QUS	Difference
Sharpe ratio: Return per unit of total volatility	2.43	2.16	+0.27
Sortino ratio: Return per unit of downside risk	3.34	3.05	+0.29
Omega ratio: Gain probability vs. loss probability	1.42	1.39	+0.03
Calmar ratio: Return relative to maximum drawdown	3.97	2.90	+1.07
Martin ratio: Return relative to average drawdown	14.09	12.95	+1.14

DUSA vs. QUS - Sharpe Ratio Comparison

The current DUSA Sharpe Ratio is 2.43, which is comparable to the QUS Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of DUSA 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.

Drawdowns

DUSA vs. QUS - Drawdown Comparison

The maximum DUSA drawdown since its inception was -36.71%, which is greater than QUS's maximum drawdown of -33.78%. Use the drawdown chart below to compare losses from any high point for DUSA and QUS.

Drawdown Indicators

	DUSA	QUS	Difference
Max Drawdown Largest peak-to-trough decline	-36.71%	-33.78%	-2.93%
Max Drawdown (1Y) Largest decline over 1 year	-7.59%	-6.85%	-0.74%
Max Drawdown (3Y) Largest decline over 3 years	-16.82%	-13.94%	-2.88%
Max Drawdown (5Y) Largest decline over 5 years	-30.48%	-22.30%	-8.18%
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	-6.62%	-3.66%	-2.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.13%	1.53%	+0.60%

Volatility

DUSA vs. QUS - Volatility Comparison

Davis Select U.S. Equity ETF (DUSA) has a higher volatility of 2.90% compared to State Street SPDR MSCI USA StrategicFactors ETF (QUS) at 2.42%. This indicates that DUSA'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.

Volatility by Period

	DUSA	QUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.90%	2.42%	+0.48%
Volatility (6M) Calculated over the trailing 6-month period	8.18%	6.97%	+1.21%
Volatility (1Y) Calculated over the trailing 1-year period	12.41%	9.22%	+3.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.52%	14.32%	+4.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.73%	16.40%	+3.33%

DUSA vs. QUS - Expense Ratio Comparison

DUSA has a 0.62% expense ratio, which is higher than QUS's 0.15% expense ratio.

Dividends

DUSA vs. QUS - Dividend Comparison

DUSA's dividend yield for the trailing twelve months is around 0.84%, less than QUS's 1.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DUSA Davis Select U.S. Equity ETF	0.84%	0.96%	0.85%	3.38%	1.21%	1.12%	0.51%	1.12%	2.77%	0.68%	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

Can I hold both DUSA and QUS in my portfolio?

DUSA and QUS have a correlation of 0.75, 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 QUS?

DUSA has higher volatility (2.90%) compared to QUS (2.42%). In terms of maximum drawdown, DUSA dropped -36.71% vs QUS's -33.78%.

Which ETF is better, DUSA or QUS?

On 5-year performance, DUSA leads with 12.60% vs 10.91% 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.

Which ETF has performed better, DUSA or QUS?

Over the 5-year period, DUSA has performed better with a 12.60% return vs 10.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DUSA or QUS?

QUS is cheaper with a 0.15% expense ratio, compared with 0.62% for DUSA.

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

QUS has the higher dividend yield at 1.27%, compared with 0.84% for DUSA.

What is the main difference between DUSA and QUS?

They also come from different issuers: Davis and State Street. Their fees differ too: 0.62% for DUSA and 0.15% for QUS.

Which has better risk-adjusted returns?

DUSA currently has the higher Sharpe Ratio (2.43 vs 2.16), 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.