KLMN vs. QUS
KLMN (Invesco MSCI North America Climate ETF) and QUS (State Street SPDR MSCI USA StrategicFactors ETF) are both Large Cap Blend Equities funds - KLMN tracks the MSCI Global Climate 500 North America Selection Index while QUS tracks the MSCI USA Factor Mix A-Series Capped Index. Both are passively managed. Over the past year, KLMN returned 24.03% vs 19.92% for QUS. Their correlation of 0.84 means they have usually moved in the same direction. KLMN charges 0.09%/yr vs 0.15%/yr for QUS.
Performance
KLMN vs. QUS - Performance Comparison
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Returns By Period
In the year-to-date period, KLMN achieves a 13.91% return, which is significantly higher than QUS's 11.77% return.
KLMN
- 1D
- 1.96%
- 1M
- 3.52%
- 6M
- 13.36%
- YTD
- 13.91%
- 1Y
- 24.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 17.18%
QUS
- 1D
- 1.40%
- 1M
- 2.71%
- 6M
- 9.58%
- YTD
- 11.77%
- 1Y
- 19.92%
- 3Y*
- 17.65%
- 5Y*
- 11.10%
- 10Y*
- 13.70%
- ALL TIME*
- 12.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $56.46M | $43.70M | $23.42M | |
| $3.23M | $4.78M | $3.45M |
KLMN vs. QUS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
KLMN Invesco MSCI North America Climate ETF | 13.91% | 18.24% | -3.62% |
QUS State Street SPDR MSCI USA StrategicFactors ETF | 11.77% | 14.13% | -3.45% |
Correlation
The correlation between KLMN and QUS is 0.80, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.80 |
Correlation (All Time) Calculated using the full available price history since Dec 11, 2024 | 0.84 |
The correlation between KLMN and QUS has been stable across timeframes, ranging from 0.80 to 0.84 - a consistent structural relationship.
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Return for Risk
KLMN vs. QUS — Risk / Return Rank
KLMN
QUS
KLMN vs. QUS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI North America Climate ETF (KLMN) and State Street 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.
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.
| KLMN | QUS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.39 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.69 | 2.92 | -0.23 |
| Martin ratioReturn relative to average drawdown | 11.37 | 13.04 | -1.67 |
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Drawdowns
KLMN vs. QUS - Drawdown Comparison
The maximum KLMN drawdown since its inception was -19.16%, smaller than the maximum QUS drawdown of -33.78%. Use the drawdown chart below to compare losses from any high point for KLMN and QUS.
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Drawdown Indicators
| KLMN | QUS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.16% | -33.78% | +14.62% |
Max Drawdown (1Y)Largest decline over 1 year | -8.96% | -6.85% | -2.11% |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.94% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.30% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.78% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -2.46% | -3.66% | +1.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 1.53% | +0.59% |
Volatility
KLMN vs. QUS - Volatility Comparison
Invesco MSCI North America Climate ETF (KLMN) has a higher volatility of 4.09% compared to State Street SPDR MSCI USA StrategicFactors ETF (QUS) at 2.76%. This indicates that KLMN'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
| KLMN | QUS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.09% | 2.76% | +1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 10.25% | 7.08% | +3.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.06% | 9.29% | +3.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.30% | 14.34% | +2.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.30% | 16.40% | +0.90% |
KLMN vs. QUS - Expense Ratio Comparison
KLMN has a 0.09% expense ratio, which is lower than QUS's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
KLMN vs. QUS - Dividend Comparison
KLMN's dividend yield for the trailing twelve months is around 1.16%, less than QUS's 1.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KLMN Invesco MSCI North America Climate ETF | 1.16% | 1.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QUS State Street SPDR MSCI USA StrategicFactors ETF | 1.25% | 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
KLMN and QUS 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.
KLMN has higher volatility (4.09%) compared to QUS (2.76%). In terms of maximum drawdown, KLMN dropped -19.16% vs QUS's -33.78%.
On 1-year performance, KLMN leads with 24.03% vs 19.92% for QUS. On fees, KLMN is cheaper at 0.09% per year. On volatility, QUS has been the lower-risk option at 2.76%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, KLMN has performed better with a 24.03% return vs 19.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KLMN is cheaper with a 0.09% expense ratio, compared with 0.15% for QUS.
QUS has the higher dividend yield at 1.25%, compared with 1.16% for KLMN.
KLMN tracks MSCI Global Climate 500 North America Selection Index, while QUS tracks MSCI USA Factor Mix A-Series Capped Index. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.09% for KLMN and 0.15% for QUS.
QUS currently has the higher Sharpe Ratio (2.17 vs 1.86), 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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