IVW vs. OUSA

Last updated Aug 6, 2026

IVW (iShares S&P 500 Growth ETF) and OUSA (OShares U.S. Quality Dividend ETF) are both exchange-traded funds - IVW is a Large Cap Growth Equities fund tracking the S&P 500 Growth Index, while OUSA is a Quality Factor fund tracking the O'Shares US Quality Dividend Index. Both are passively managed. Over the past 10 years, IVW returned 17.63%/yr vs 10.53%/yr for OUSA. Their 0.75 correlation means they have sometimes moved together and sometimes differently. IVW charges 0.18%/yr vs 0.48%/yr for OUSA.

Performance

IVW vs. OUSA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares S&P 500 Growth ETF (IVW) and OShares U.S. Quality Dividend ETF (OUSA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IVW achieves a 14.79% return, which is significantly higher than OUSA's 8.40% return. Over the past 10 years, IVW has outperformed OUSA with an annualized return of 17.63%, while OUSA has yielded a comparatively lower 10.53% annualized return.

IVW

• 1D: -0.20%
• 1M: 3.00%
• 6M: 17.83%
• YTD: 14.79%
• 1Y: 25.44%
• 3Y*: 26.71%
• 5Y*: 13.88%
• 10Y*: 17.63%
• ALL TIME*: 9.00%

OUSA

• 1D: -0.04%
• 1M: 3.76%
• 6M: 4.93%
• YTD: 8.40%
• 1Y: 16.43%
• 3Y*: 14.02%
• 5Y*: 9.17%
• 10Y*: 10.53%
• ALL TIME*: 10.84%

*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)
IVW iShares S&P 500 Growth ETF	$188.06M	$186.35M	$298.52M
OUSA OShares U.S. Quality Dividend ETF	$787.13K	$1.27M	$1.35M

IVW vs. OUSA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IVW iShares S&P 500 Growth ETF	14.79%	21.95%	35.82%	29.83%	-29.50%	31.80%	33.19%	30.77%	-0.21%	27.21%
OUSA OShares U.S. Quality Dividend ETF	8.40%	10.23%	17.09%	13.44%	-9.33%	23.75%	6.96%	25.03%	-3.11%	18.81%

Correlation

The correlation between IVW and OUSA is 0.30, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.30
Correlation (3Y) Balances recent behavior with more history.	0.55
Correlation (5Y) Shows whether the relationship held over a longer period.	0.69
Correlation (10Y) Provides a long-term view across more market conditions.	0.74
Correlation (All Time) Calculated using the full available price history since Jul 14, 2015	0.75

Over the past year, the correlation between IVW and OUSA has dropped to 0.30 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.

IVW vs. OUSA - Sectors Allocation Comparison

Sectors	IVW	OUSA
Technology	52.3%	23.7%
Communication Services	15.6%	10.3%
Financial Services	8.7%	18.6%
Consumer Cyclical	8.6%	13.1%
Industrials	6.4%	11.9%
Healthcare	6.2%	15.1%
Consumer Defensive	1.0%	7.4%
Real Estate	0.6%	-
Utilities	0.4%	-
Basic Materials	0.3%	-
Energy	0.1%	-

Return for Risk

IVW vs. OUSA — Risk / Return Rank

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

IVW

IVW Risk / Return Rank: 48
IVW Sharpe Ratio Rank: 50
IVW Sortino Ratio Rank: 49
IVW Omega Ratio Rank: 47
IVW Calmar Ratio Rank: 45
IVW Martin Ratio Rank: 51

OUSA

OUSA Risk / Return Rank: 56
OUSA Sharpe Ratio Rank: 58
OUSA Sortino Ratio Rank: 65
OUSA Omega Ratio Rank: 57
OUSA Calmar Ratio Rank: 48
OUSA Martin Ratio Rank: 52

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.

IVW vs. OUSA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Growth ETF (IVW) 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.

	IVW	OUSA	Difference
Sharpe ratio: Return per unit of total volatility	1.42	1.62	-0.20
Sortino ratio: Return per unit of downside risk	2.00	2.44	-0.44
Omega ratio: Gain probability vs. loss probability	1.25	1.29	-0.04
Calmar ratio: Return relative to maximum drawdown	1.86	1.97	-0.12
Martin ratio: Return relative to average drawdown	6.73	6.89	-0.16

IVW vs. OUSA - Sharpe Ratio Comparison

The current IVW Sharpe Ratio is 1.42, which is comparable to the OUSA Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of IVW and OUSA, 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

IVW vs. OUSA - Drawdown Comparison

The maximum IVW drawdown since its inception was -57.33%, which is greater than OUSA's maximum drawdown of -33.12%. Use the drawdown chart below to compare losses from any high point for IVW and OUSA.

Drawdown Indicators

	IVW	OUSA	Difference
Max Drawdown Largest peak-to-trough decline	-57.33%	-33.12%	-24.21%
Max Drawdown (1Y) Largest decline over 1 year	-13.75%	-8.36%	-5.39%
Max Drawdown (3Y) Largest decline over 3 years	-22.15%	-13.14%	-9.01%
Max Drawdown (5Y) Largest decline over 5 years	-32.72%	-19.54%	-13.18%
Max Drawdown (10Y) Largest decline over 10 years	-32.72%	-33.12%	+0.40%
Current Drawdown Current decline from peak	-0.20%	-0.04%	-0.16%
Average Drawdown Average peak-to-trough decline	-17.53%	-3.49%	-14.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.79%	2.39%	+1.40%

Volatility

IVW vs. OUSA - Volatility Comparison

iShares S&P 500 Growth ETF (IVW) has a higher volatility of 6.54% compared to OShares U.S. Quality Dividend ETF (OUSA) at 3.82%. This indicates that IVW's price experiences larger fluctuations and is considered to be riskier than OUSA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IVW	OUSA	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.54%	3.82%	+2.72%
Volatility (6M) Calculated over the trailing 6-month period	14.93%	8.10%	+6.83%
Volatility (1Y) Calculated over the trailing 1-year period	18.04%	10.22%	+7.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.54%	13.39%	+8.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.78%	15.19%	+5.59%

IVW vs. OUSA - Expense Ratio Comparison

IVW has a 0.18% expense ratio, which is lower than OUSA's 0.48% expense ratio.

Dividends

IVW vs. OUSA - Dividend Comparison

IVW's dividend yield for the trailing twelve months is around 0.35%, less than OUSA's 1.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IVW iShares S&P 500 Growth ETF	0.35%	0.40%	0.43%	1.03%	0.92%	0.46%	0.82%	1.63%	1.28%	1.30%	1.51%	1.51%
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

Can I hold both IVW and OUSA in my portfolio?

IVW and OUSA have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IVW or OUSA?

IVW has higher volatility (6.54%) compared to OUSA (3.82%). In terms of maximum drawdown, IVW dropped -57.33% vs OUSA's -33.12%.

Which ETF is better, IVW or OUSA?

On 10-year performance, IVW leads with 17.63% vs 10.53% for OUSA. On fees, IVW is cheaper at 0.18% per year. On volatility, OUSA has been the lower-risk option at 3.82%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IVW or OUSA?

Over the 10-year period, IVW has performed better with a 17.63% return vs 10.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IVW or OUSA?

IVW is cheaper with a 0.18% expense ratio, compared with 0.48% for OUSA.

Which ETF pays a higher dividend yield, IVW or OUSA?

OUSA has the higher dividend yield at 1.33%, compared with 0.35% for IVW.

What is the main difference between IVW and OUSA?

IVW is categorized as Large Cap Growth Equities, while OUSA is Quality Factor. IVW tracks S&P 500 Growth Index, while OUSA tracks O'Shares US Quality Dividend Index. They also come from different issuers: iShares and O'Shares Investments. Their fees differ too: 0.18% for IVW and 0.48% for OUSA.

Which has better risk-adjusted returns?

OUSA currently has the higher Sharpe Ratio (1.62 vs 1.42), 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.