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FFND vs. QUS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FFND vs. QUS

Last updated Jun 4, 2026

FFND (The Future Fund Active ETF) and QUS (SPDR MSCI USA StrategicFactors ETF) are both Large Cap Growth Equities funds. FFND is actively managed, while QUS is passively managed. Over the past 3 years, FFND returned 21.85%/yr vs 17.53%/yr for QUS. Their correlation of 0.81 suggests significant overlap in exposure. FFND charges 1.00%/yr vs 0.15%/yr for QUS.

Performance

FFND vs. QUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Future Fund Active ETF (FFND) 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 stocks are quite close, with FFND having a 6.70% return and QUS slightly lower at 6.67%.

FFND

1D
-1.07%
1M
2.89%
YTD
6.70%
6M
6.37%
1Y
21.25%
3Y*
21.85%
5Y*
—
10Y*
—

QUS

1D
-0.43%
1M
2.68%
YTD
6.67%
6M
6.93%
1Y
17.65%
3Y*
17.53%
5Y*
11.08%
10Y*
13.67%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FFND vs. QUS - Yearly Performance Comparison

2026 (YTD)20252024202320222021
FFND
The Future Fund Active ETF		6.70%19.38%24.05%40.05%-39.84%-4.81%
QUS
SPDR MSCI USA StrategicFactors ETF		6.67%14.13%18.99%21.78%-14.15%5.18%

Correlation

The correlation between FFND and QUS is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.85

Correlation (3Y)
Calculated over the trailing 3-year period

0.81

Correlation (All Time)
Calculated using the full available price history since Aug 25, 2021

0.81

The correlation between FFND and QUS has been stable across timeframes, ranging from 0.81 to 0.85 - a consistent structural relationship.

FFND vs. QUS - Sectors Allocation Comparison

Sectors
FFND
QUS

Technology

26.1%
26.3%

Industrials

14.2%
8.6%

Financial Services

13.7%
14.6%

Consumer Cyclical

12.7%
5.8%

Healthcare

11.0%
13.4%

Communication Services

10.9%
10.2%

Consumer Defensive

4.4%
9.2%

Utilities

2.0%
3.6%

Basic Materials

1.7%
2.3%

Energy

1.7%
4.6%

Real Estate

1.5%
1.4%

Technology

FFND
26.1%
QUS
26.3%

Industrials

FFND
14.2%
QUS
8.6%

Financial Services

FFND
13.7%
QUS
14.6%

Consumer Cyclical

FFND
12.7%
QUS
5.8%

Healthcare

FFND
11.0%
QUS
13.4%

Communication Services

FFND
10.9%
QUS
10.2%

Consumer Defensive

FFND
4.4%
QUS
9.2%

Utilities

FFND
2.0%
QUS
3.6%

Basic Materials

FFND
1.7%
QUS
2.3%

Energy

FFND
1.7%
QUS
4.6%

Real Estate

FFND
1.5%
QUS
1.4%

Compare stocks, funds, or ETFs

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

The Future Fund Active ETF

SPDR MSCI USA StrategicFactors ETF

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Often compared with QUS:
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Return for Risk

FFND vs. QUS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FFND
FFND Risk / Return Rank: 4747
Overall Rank
FFND Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
FFND Sortino Ratio Rank: 4848
Sortino Ratio Rank
FFND Omega Ratio Rank: 4848
Omega Ratio Rank
FFND Calmar Ratio Rank: 4141
Calmar Ratio Rank
FFND Martin Ratio Rank: 5252
Martin Ratio Rank
QUS
QUS Risk / Return Rank: 5757
Overall Rank
QUS Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
QUS Sortino Ratio Rank: 5858
Sortino Ratio Rank
QUS Omega Ratio Rank: 5555
Omega Ratio Rank
QUS Calmar Ratio Rank: 5252
Calmar Ratio Rank
QUS Martin Ratio Rank: 6363
Martin Ratio Rank
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.

FFND vs. QUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Future Fund Active ETF (FFND) 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.

FFNDQUSDifference
Sharpe ratioReturn per unit of total volatility
1.66
1.95

-0.30

Sortino ratioReturn per unit of downside risk
2.39
2.81

-0.42

Omega ratioGain probability vs. loss probability

1.30

1.35

-0.04

Calmar ratioReturn relative to maximum drawdown

2.03

2.59

-0.56

Martin ratioReturn relative to average drawdown

8.89

11.54

-2.65

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FFND vs. QUS - Sharpe Ratio Comparison

The current FFND Sharpe Ratio is 1.66, which is comparable to the QUS Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of FFND 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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Sharpe Ratios by Period

FFNDQUSDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.66

1.95

-0.30

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.78

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.83

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.20

0.77

-0.57

Drawdowns

FFND vs. QUS - Drawdown Comparison

The maximum FFND drawdown since its inception was -47.84%, which is greater than QUS's maximum drawdown of -33.78%. Use the drawdown chart below to compare losses from any high point for FFND and QUS.

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Drawdown Indicators

FFNDQUSDifference

Max Drawdown

Largest peak-to-trough decline

-47.84%

-33.78%

-14.06%

Max Drawdown (1Y)

Largest decline over 1 year

-10.53%

-6.85%

-3.68%

Max Drawdown (3Y)

Largest decline over 3 years

-18.90%

-13.94%

-4.96%

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

-1.07%

-0.50%

-0.57%

Average Drawdown

Average peak-to-trough decline

-18.79%

-3.70%

-15.09%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.40%

1.53%

+0.87%

Volatility

FFND vs. QUS - Volatility Comparison

The Future Fund Active ETF (FFND) has a higher volatility of 3.78% compared to SPDR MSCI USA StrategicFactors ETF (QUS) at 1.78%. This indicates that FFND'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

FFNDQUSDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.78%

1.78%

+2.00%

Volatility (6M)

Calculated over the trailing 6-month period

10.20%

6.66%

+3.54%

Volatility (1Y)

Calculated over the trailing 1-year period

12.91%

9.09%

+3.82%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

25.04%

14.33%

+10.71%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.04%

16.42%

+8.62%

FFND vs. QUS - Expense Ratio Comparison

FFND has a 1.00% expense ratio, which is higher than QUS's 0.15% expense ratio.

Dividends

FFND vs. QUS - Dividend Comparison

FFND's dividend yield for the trailing twelve months is around 0.61%, less than QUS's 1.31% yield.

PositionTTM20252024202320222021202020192018201720162015
FFND
The Future Fund Active ETF		0.61%0.65%0.00%0.00%0.00%0.03%0.00%0.00%0.00%0.00%0.00%0.00%
QUS
SPDR MSCI USA StrategicFactors ETF		1.31%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

FFND and QUS have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FFND has higher volatility (3.78%) compared to QUS (1.78%). In terms of maximum drawdown, FFND dropped -47.84% vs QUS's -33.78%.

On 3-year performance, FFND leads with 21.85% vs 17.53% for QUS. On fees, QUS is cheaper at 0.15% per year. On volatility, QUS has been the lower-risk option at 1.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, FFND has performed better with a 21.85% return vs 17.53%. 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 1.00% for FFND.

QUS has the higher dividend yield at 1.31%, compared with 0.61% for FFND.

They also come from different issuers: The Future Fund and State Street. Their fees differ too: 1.00% for FFND and 0.15% for QUS.

QUS currently has the higher Sharpe Ratio (1.95 vs 1.66), 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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