GQRE vs. OUSA
GQRE (FlexShares Global Quality Real Estate Index Fund) and OUSA (OShares U.S. Quality Dividend ETF) are both Quality Factor funds - GQRE tracks the Northern Trust Global Quality Real Estate (NR) while OUSA tracks the O'Shares US Quality Dividend Index. Both are passively managed. Over the past 10 years, GQRE returned 3.74%/yr vs 10.54%/yr for OUSA. Their 0.70 correlation means they have sometimes moved together and sometimes differently. GQRE charges 0.45%/yr vs 0.48%/yr for OUSA.
Performance
GQRE vs. OUSA - Performance Comparison
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Returns By Period
In the year-to-date period, GQRE achieves a 11.97% return, which is significantly higher than OUSA's 8.45% return. Over the past 10 years, GQRE has underperformed OUSA with an annualized return of 3.74%, while OUSA has yielded a comparatively higher 10.54% annualized return.
GQRE
- 1D
- -0.25%
- 1M
- 0.70%
- 6M
- 7.91%
- YTD
- 11.97%
- 1Y
- 15.04%
- 3Y*
- 11.26%
- 5Y*
- 2.21%
- 10Y*
- 3.74%
- ALL TIME*
- 5.21%
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) |
|---|---|---|---|
| $1.01M | $668.95K | $807.17K | |
| $880.04K | $1.30M | $1.44M |
GQRE vs. OUSA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GQRE FlexShares Global Quality Real Estate Index Fund | 11.97% | 8.27% | 6.09% | 9.21% | -27.22% | 32.01% | -9.17% | 21.84% | -8.88% | 13.60% |
OUSA OShares U.S. Quality Dividend ETF | 8.45% | 10.23% | 17.09% | 13.44% | -9.33% | 23.75% | 6.96% | 25.03% | -3.11% | 18.81% |
Correlation
The correlation between GQRE and OUSA is 0.56, 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. | 0.56 |
Correlation (3Y) Balances recent behavior with more history. | 0.67 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.72 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2015 | 0.70 |
The correlation between GQRE and OUSA shifts across timeframes, from 0.56 (1 year) to 0.72 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
GQRE vs. OUSA — Risk / Return Rank
GQRE
OUSA
GQRE vs. OUSA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Global Quality Real Estate Index Fund (GQRE) 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.
| GQRE | OUSA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.28 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.49 | 1.93 | -0.45 |
| Martin ratioReturn relative to average drawdown | 5.74 | 6.75 | -1.02 |
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Drawdowns
GQRE vs. OUSA - Drawdown Comparison
The maximum GQRE drawdown since its inception was -41.87%, which is greater than OUSA's maximum drawdown of -33.12%. Use the drawdown chart below to compare losses from any high point for GQRE and OUSA.
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Drawdown Indicators
| GQRE | OUSA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.87% | -33.12% | -8.75% |
Max Drawdown (1Y)Largest decline over 1 year | -10.15% | -8.36% | -1.79% |
Max Drawdown (3Y)Largest decline over 3 years | -15.18% | -13.14% | -2.04% |
Max Drawdown (5Y)Largest decline over 5 years | -35.08% | -19.54% | -15.54% |
Max Drawdown (10Y)Largest decline over 10 years | -41.87% | -33.12% | -8.75% |
Current DrawdownCurrent decline from peak | -2.18% | 0.00% | -2.18% |
Average DrawdownAverage peak-to-trough decline | -9.13% | -3.50% | -5.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 2.39% | +0.24% |
Volatility
GQRE vs. OUSA - Volatility Comparison
The current volatility for FlexShares Global Quality Real Estate Index Fund (GQRE) is 3.25%, while OShares U.S. Quality Dividend ETF (OUSA) has a volatility of 3.81%. This indicates that GQRE 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
| GQRE | OUSA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.25% | 3.81% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 9.37% | 8.12% | +1.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.72% | 10.31% | +1.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.45% | 13.39% | +3.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.64% | 15.20% | +2.44% |
GQRE vs. OUSA - Expense Ratio Comparison
GQRE has a 0.45% expense ratio, which is lower than OUSA's 0.48% expense ratio.
Dividends
GQRE vs. OUSA - Dividend Comparison
GQRE's dividend yield for the trailing twelve months is around 4.19%, more than OUSA's 1.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GQRE FlexShares Global Quality Real Estate Index Fund | 4.19% | 4.75% | 3.77% | 2.91% | 2.56% | 2.36% | 2.05% | 4.29% | 3.22% | 1.97% | 4.16% | 2.32% |
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
GQRE and OUSA have a correlation of 0.56, 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 GQRE (3.25%). In terms of maximum drawdown, GQRE dropped -41.87% vs OUSA's -33.12%.
On 10-year performance, OUSA leads with 10.54% vs 3.74% for GQRE. On fees, GQRE is cheaper at 0.45% per year. On volatility, GQRE has been the lower-risk option at 3.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, OUSA has performed better with a 10.54% return vs 3.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GQRE is cheaper with a 0.45% expense ratio, compared with 0.48% for OUSA.
GQRE has the higher dividend yield at 4.19%, compared with 1.33% for OUSA.
GQRE tracks Northern Trust Global Quality Real Estate (NR), while OUSA tracks O'Shares US Quality Dividend Index. They also come from different issuers: Northern Trust and O'Shares Investments. Their fees differ too: 0.45% for GQRE and 0.48% for OUSA.
OUSA currently has the higher Sharpe Ratio (1.58 vs 1.29), 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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