IVSS vs. SRHQ

Last updated Jun 5, 2026

IVSS (Applied Finance IVS US SMID ETF) and SRHQ (SRH U.S. Quality ETF) are both Mid Cap Blend Equities funds. IVSS is actively managed, while SRHQ is passively managed. A 0.80 correlation means they provide meaningful diversification when combined. IVSS charges 0.59%/yr vs 0.35%/yr for SRHQ.

Performance

IVSS vs. SRHQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Applied Finance IVS US SMID ETF (IVSS) and SRH U.S. Quality ETF (SRHQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with IVSS having a 13.28% return and SRHQ slightly lower at 12.99%.

IVSS

• 1D: 1.34%
• 1M: 1.22%
• YTD: 13.28%
• 6M: 13.26%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SRHQ

• 1D: 1.13%
• 1M: 2.01%
• YTD: 12.99%
• 6M: 14.13%
• 1Y: 23.59%
• 3Y*: 17.84%
• 5Y*: —
• 10Y*: —

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

IVSS vs. SRHQ - Yearly Performance Comparison

	2026 (YTD)	2025
IVSS Applied Finance IVS US SMID ETF	13.28%	-0.02%
SRHQ SRH U.S. Quality ETF	12.99%	1.01%

Correlation

The correlation between IVSS and SRHQ is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 5, 2025	0.80

Return for Risk

IVSS vs. SRHQ — Risk / Return Rank

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

SRHQ

SRHQ Risk / Return Rank: 57
SRHQ Sharpe Ratio Rank: 47
SRHQ Sortino Ratio Rank: 48
SRHQ Omega Ratio Rank: 45
SRHQ Calmar Ratio Rank: 75
SRHQ Martin Ratio Rank: 70

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.

IVSS vs. SRHQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Applied Finance IVS US SMID ETF (IVSS) and SRH U.S. Quality ETF (SRHQ). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	IVSS	SRHQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.61	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.90	1.09	+0.81

Drawdowns

IVSS vs. SRHQ - Drawdown Comparison

The maximum IVSS drawdown since its inception was -8.31%, smaller than the maximum SRHQ drawdown of -18.50%. Use the drawdown chart below to compare losses from any high point for IVSS and SRHQ.

Drawdown Indicators

	IVSS	SRHQ	Difference
Max Drawdown Largest peak-to-trough decline	-8.31%	-18.50%	+10.19%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.31%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-18.50%	—
Current Drawdown Current decline from peak	0.00%	-0.61%	+0.61%
Average Drawdown Average peak-to-trough decline	-1.82%	-3.08%	+1.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.84%	—

Volatility

Volatility by Period

	IVSS	SRHQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.53%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.76%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.24%	14.73%	+0.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.24%	16.03%	-0.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.24%	16.03%	-0.79%

IVSS vs. SRHQ - Expense Ratio Comparison

IVSS has a 0.59% expense ratio, which is higher than SRHQ's 0.35% expense ratio.

Dividends

IVSS vs. SRHQ - Dividend Comparison

IVSS's dividend yield for the trailing twelve months is around 0.06%, less than SRHQ's 0.70% yield.

Position	TTM	2025	2024	2023	2022
IVSS Applied Finance IVS US SMID ETF	0.06%	0.07%	0.00%	0.00%	0.00%
SRHQ SRH U.S. Quality ETF	0.70%	0.76%	0.66%	0.84%	0.27%

Frequently Asked Questions

Can I hold both IVSS and SRHQ in my portfolio?

IVSS and SRHQ have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IVSS or SRHQ?

On fees, SRHQ is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IVSS or SRHQ?

SRHQ is cheaper with a 0.35% expense ratio, compared with 0.59% for IVSS.

Which ETF pays a higher dividend yield, IVSS or SRHQ?

SRHQ has the higher dividend yield at 0.70%, compared with 0.06% for IVSS.

What is the main difference between IVSS and SRHQ?

They also come from different issuers: Applied Finance and SRH. Their fees differ too: 0.59% for IVSS and 0.35% for SRHQ.