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FORH vs. EUSA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FORH vs. EUSA

Last updated Aug 2, 2026
Documentation

FORH (Formidable ETF) and EUSA (iShares MSCI USA Equal Weighted ETF) are both Mid Cap Blend Equities funds. FORH is actively managed, while EUSA is passively managed. Over the past 5 years, FORH returned 1.16%/yr vs 7.66%/yr for EUSA. Their 0.69 correlation means they have sometimes moved together and sometimes differently. FORH charges 1.19%/yr vs 0.09%/yr for EUSA.

Performance

FORH vs. EUSA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Formidable ETF (FORH) and iShares MSCI USA Equal Weighted ETF (EUSA). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FORH achieves a -0.62% return, which is significantly lower than EUSA's 11.42% return.

FORH

1D
0.34%
1M
-2.15%
6M
-3.25%
YTD
-0.62%
1Y
5.33%
3Y*
1.88%
5Y*
1.16%
10Y*
—
ALL TIME*
1.05%

EUSA

1D
-0.18%
1M
-0.58%
6M
9.17%
YTD
11.42%
1Y
17.37%
3Y*
13.65%
5Y*
7.66%
10Y*
11.50%
ALL TIME*
12.02%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

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

EUSA

iShares MSCI USA Equal Weighted ETF
$11.09M$12.88M$7.42M

FORH

Formidable ETF
$33.21K$19.16K$18.89K

FORH vs. EUSA - Yearly Performance Comparison

2026 (YTD)20252024202320222021
FORH
Formidable ETF		-0.62%16.27%-5.63%-0.69%-1.64%-0.83%
EUSA
iShares MSCI USA Equal Weighted ETF		11.42%10.24%14.64%17.72%-17.13%9.16%

Correlation

The correlation between FORH and EUSA is 0.65, 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.

0.65

Correlation (3Y)
Balances recent behavior with more history.

0.66

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.68

Correlation (All Time)
Calculated using the full available price history since Apr 30, 2021

0.69

The correlation between FORH and EUSA has been stable across timeframes, ranging from 0.65 to 0.69 - a consistent structural relationship.

FORH vs. EUSA - Sectors Allocation Comparison

Sectors
FORH
EUSA

Industrials

30.9%
15.3%

Healthcare

15.8%
11.2%

Energy

12.4%
3.9%

Basic Materials

10.9%
4.8%

Technology

7.9%
19.0%

Utilities

7.6%
5.8%

Consumer Cyclical

4.1%
10.4%

Consumer Defensive

3.0%
5.4%

Real Estate

2.7%
5.2%

Financial Services

2.6%
15.6%

Communication Services

2.0%
3.2%

Industrials

FORH
30.9%
EUSA
15.3%

Healthcare

FORH
15.8%
EUSA
11.2%

Energy

FORH
12.4%
EUSA
3.9%

Basic Materials

FORH
10.9%
EUSA
4.8%

Technology

FORH
7.9%
EUSA
19.0%

Utilities

FORH
7.6%
EUSA
5.8%

Consumer Cyclical

FORH
4.1%
EUSA
10.4%

Consumer Defensive

FORH
3.0%
EUSA
5.4%

Real Estate

FORH
2.7%
EUSA
5.2%

Financial Services

FORH
2.6%
EUSA
15.6%

Communication Services

FORH
2.0%
EUSA
3.2%

Compare stocks, funds, or ETFs

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

Formidable ETF

iShares MSCI USA Equal Weighted ETF

Often compared with FORH:
FORH vs. YALLFORH vs. DTCRFORH vs. VOOFORH vs. BMVPFORH vs. FTDSFORH vs. CSDFORH vs. IJH
Often compared with EUSA:
EUSA vs. RSPEUSA vs. GSEWEUSA vs. VOOEUSA vs. VTIEUSA vs. ^GSPCEUSA vs. ITOTEUSA vs. SCHG

Return for Risk

FORH vs. EUSA — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
FORH
FORH Risk / Return Rank: 1717
Overall Rank
FORH Sharpe Ratio Rank: 1818
Sharpe Ratio Rank
FORH Sortino Ratio Rank: 1717
Sortino Ratio Rank
FORH Omega Ratio Rank: 1717
Omega Ratio Rank
FORH Calmar Ratio Rank: 1818
Calmar Ratio Rank
FORH Martin Ratio Rank: 1616
Martin Ratio Rank
EUSA
EUSA Risk / Return Rank: 5959
Overall Rank
EUSA Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
EUSA Sortino Ratio Rank: 5858
Sortino Ratio Rank
EUSA Omega Ratio Rank: 5454
Omega Ratio Rank
EUSA Calmar Ratio Rank: 5959
Calmar Ratio Rank
EUSA Martin Ratio Rank: 6868
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.

FORH vs. EUSA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Formidable ETF (FORH) and iShares MSCI USA Equal Weighted ETF (EUSA). 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.

FORHEUSADifference
Sharpe ratioReturn per unit of total volatility
0.32
1.35

-1.03

Sortino ratioReturn per unit of downside risk
0.55
1.97

-1.42

Omega ratioGain probability vs. loss probability

1.07

1.24

-0.17

Calmar ratioReturn relative to maximum drawdown

0.40

2.06

-1.66

Martin ratioReturn relative to average drawdown

0.69

8.25

-7.56

FORH vs. EUSA - Sharpe Ratio Comparison

The current FORH Sharpe Ratio is 0.32, which is lower than the EUSA Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of FORH and EUSA, 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

FORH vs. EUSA - Drawdown Comparison

The maximum FORH drawdown since its inception was -20.73%, smaller than the maximum EUSA drawdown of -39.16%. Use the drawdown chart below to compare losses from any high point for FORH and EUSA.

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Drawdown Indicators

FORHEUSADifference

Max Drawdown

Largest peak-to-trough decline

-20.73%

-39.16%

+18.43%

Max Drawdown (1Y)

Largest decline over 1 year

-12.80%

-7.82%

-4.98%

Max Drawdown (3Y)

Largest decline over 3 years

-19.42%

-18.20%

-1.22%

Max Drawdown (5Y)

Largest decline over 5 years

-20.73%

-25.24%

+4.51%

Max Drawdown (10Y)

Largest decline over 10 years

—

-39.16%

—

Current Drawdown

Current decline from peak

-11.24%

-1.20%

-10.04%

Average Drawdown

Average peak-to-trough decline

-8.02%

-4.56%

-3.46%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.41%

1.95%

+5.46%

Volatility

FORH vs. EUSA - Volatility Comparison

Formidable ETF (FORH) has a higher volatility of 2.92% compared to iShares MSCI USA Equal Weighted ETF (EUSA) at 2.77%. This indicates that FORH's price experiences larger fluctuations and is considered to be riskier than EUSA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FORHEUSADifference

Volatility (1M)

Calculated over the trailing 1-month period

2.92%

2.77%

+0.15%

Volatility (6M)

Calculated over the trailing 6-month period

10.16%

8.90%

+1.26%

Volatility (1Y)

Calculated over the trailing 1-year period

15.98%

11.97%

+4.01%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.99%

16.95%

-0.96%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.92%

18.28%

-2.36%

FORH vs. EUSA - Expense Ratio Comparison

FORH has a 1.19% expense ratio, which is higher than EUSA's 0.09% expense ratio.

Dividends

FORH vs. EUSA - Dividend Comparison

FORH's dividend yield for the trailing twelve months is around 1.84%, more than EUSA's 1.45% yield.

PositionTTM20252024202320222021202020192018201720162015
EUSA
iShares MSCI USA Equal Weighted ETF		1.45%1.63%1.47%1.53%1.73%1.23%1.45%1.49%2.01%1.50%1.59%2.21%
FORH
Formidable ETF		1.84%1.82%0.00%3.88%3.72%0.69%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

FORH and EUSA have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FORH has higher volatility (2.92%) compared to EUSA (2.77%). In terms of maximum drawdown, FORH dropped -20.73% vs EUSA's -39.16%.

On 5-year performance, EUSA leads with 7.66% vs 1.16% for FORH. On fees, EUSA is cheaper at 0.09% per year. On volatility, EUSA has been the lower-risk option at 2.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, EUSA has performed better with a 7.66% return vs 1.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

EUSA is cheaper with a 0.09% expense ratio, compared with 1.19% for FORH.

FORH has the higher dividend yield at 1.84%, compared with 1.45% for EUSA.

They also come from different issuers: Formidable and iShares. Their fees differ too: 1.19% for FORH and 0.09% for EUSA.

EUSA currently has the higher Sharpe Ratio (1.35 vs 0.32), 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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