OGIG vs. OUSM

Last updated Jun 4, 2026

OGIG (O’Shares Global Internet Giants ETF) and OUSM (OShares U.S. Small-Cap Quality Dividend ETF) are both exchange-traded funds - OGIG is a Large Cap Growth Equities fund tracking the O’Shares Global Internet Giants Index, while OUSM is a Small Cap Blend Equities fund tracking the O'Shares US Small-Cap Quality Dividend Index. Both are passively managed. Over the past 5 years, OGIG returned -2.07%/yr vs 7.39%/yr for OUSM. A 0.52 correlation means they provide meaningful diversification when combined. Both charge a 0.48% expense ratio.

Performance

OGIG vs. OUSM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in O’Shares Global Internet Giants ETF (OGIG) and OShares U.S. Small-Cap Quality Dividend ETF (OUSM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OGIG achieves a -9.21% return, which is significantly lower than OUSM's 6.80% return.

OGIG

• 1D: -3.46%
• 1M: 6.90%
• YTD: -9.21%
• 6M: -10.93%
• 1Y: -6.52%
• 3Y*: 15.13%
• 5Y*: -2.07%
• 10Y*: —

OUSM

• 1D: -0.06%
• 1M: 1.69%
• YTD: 6.80%
• 6M: 6.94%
• 1Y: 10.89%
• 3Y*: 11.71%
• 5Y*: 7.39%
• 10Y*: —

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

OGIG vs. OUSM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
OGIG O’Shares Global Internet Giants ETF	-9.21%	14.39%	25.97%	50.25%	-50.64%	-9.30%	107.92%	36.90%	-24.48%
OUSM OShares U.S. Small-Cap Quality Dividend ETF	6.80%	2.17%	13.45%	18.82%	-7.89%	21.45%	7.64%	28.04%	-12.59%

Correlation

The correlation between OGIG and OUSM is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (All Time) Calculated using the full available price history since Jun 6, 2018	0.52

Over the past year, the correlation between OGIG and OUSM has dropped to 0.28 - well below their long-term average of 0.52, suggesting their price drivers have been diverging.

OGIG vs. OUSM - Sectors Allocation Comparison

Sectors	OGIG	OUSM
Technology	54.4%	13.5%
Communication Services	26.4%	3.8%
Consumer Cyclical	16.5%	19.3%
Industrials	1.1%	22.8%
Healthcare	0.8%	9.2%
Real Estate	0.7%	-
Financial Services	0.2%	21.1%
Basic Materials	-	1.4%
Consumer Defensive	-	4.9%
Energy	-	0.3%
Utilities	-	3.9%

Return for Risk

OGIG vs. OUSM — Risk / Return Rank

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

OGIG

OGIG Risk / Return Rank: 6
OGIG Sharpe Ratio Rank: 6
OGIG Sortino Ratio Rank: 6
OGIG Omega Ratio Rank: 6
OGIG Calmar Ratio Rank: 7
OGIG Martin Ratio Rank: 7

OUSM

OUSM Risk / Return Rank: 24
OUSM Sharpe Ratio Rank: 23
OUSM Sortino Ratio Rank: 24
OUSM Omega Ratio Rank: 22
OUSM Calmar Ratio Rank: 25
OUSM Martin Ratio Rank: 25

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.

OGIG vs. OUSM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for O’Shares Global Internet Giants ETF (OGIG) and OShares U.S. Small-Cap Quality Dividend ETF (OUSM). 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.

	OGIG	OUSM	Difference
Sharpe ratio: Return per unit of total volatility	-0.30	0.83	-1.13
Sortino ratio: Return per unit of downside risk	-0.26	1.34	-1.60
Omega ratio: Gain probability vs. loss probability	0.97	1.15	-0.18
Calmar ratio: Return relative to maximum drawdown	-0.20	1.19	-1.38
Martin ratio: Return relative to average drawdown	-0.41	3.47	-3.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OGIG vs. OUSM - Sharpe Ratio Comparison

The current OGIG Sharpe Ratio is -0.30, which is lower than the OUSM Sharpe Ratio of 0.83. The chart below compares the historical Sharpe Ratios of OGIG and OUSM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	OGIG	OUSM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.30	0.83	-1.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.07	0.46	-0.52
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.48	-0.21

Drawdowns

OGIG vs. OUSM - Drawdown Comparison

The maximum OGIG drawdown since its inception was -66.05%, which is greater than OUSM's maximum drawdown of -39.84%. Use the drawdown chart below to compare losses from any high point for OGIG and OUSM.

Drawdown Indicators

	OGIG	OUSM	Difference
Max Drawdown Largest peak-to-trough decline	-66.05%	-39.84%	-26.21%
Max Drawdown (1Y) Largest decline over 1 year	-33.23%	-9.21%	-24.02%
Max Drawdown (3Y) Largest decline over 3 years	-33.23%	-19.44%	-13.79%
Max Drawdown (5Y) Largest decline over 5 years	-62.79%	-19.44%	-43.35%
Current Drawdown Current decline from peak	-24.99%	-1.67%	-23.32%
Average Drawdown Average peak-to-trough decline	-25.67%	-5.22%	-20.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.84%	3.14%	+12.70%

Volatility

OGIG vs. OUSM - Volatility Comparison

O’Shares Global Internet Giants ETF (OGIG) has a higher volatility of 8.15% compared to OShares U.S. Small-Cap Quality Dividend ETF (OUSM) at 3.66%. This indicates that OGIG's price experiences larger fluctuations and is considered to be riskier than OUSM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OGIG	OUSM	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.15%	3.66%	+4.49%
Volatility (6M) Calculated over the trailing 6-month period	18.28%	9.25%	+9.03%
Volatility (1Y) Calculated over the trailing 1-year period	22.16%	13.15%	+9.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.58%	16.30%	+15.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.03%	18.94%	+12.09%

OGIG vs. OUSM - Expense Ratio Comparison

Both OGIG and OUSM have an expense ratio of 0.48%.

Dividends

OGIG vs. OUSM - Dividend Comparison

OGIG's dividend yield for the trailing twelve months is around 0.08%, less than OUSM's 2.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
OGIG O’Shares Global Internet Giants ETF	0.08%	0.07%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
OUSM OShares U.S. Small-Cap Quality Dividend ETF	2.07%	2.09%	1.62%	1.64%	1.98%	1.55%	2.02%	1.99%	2.63%	2.17%

Frequently Asked Questions

Can I hold both OGIG and OUSM in my portfolio?

OGIG and OUSM have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OGIG or OUSM?

OGIG has higher volatility (8.15%) compared to OUSM (3.66%). In terms of maximum drawdown, OGIG dropped -66.05% vs OUSM's -39.84%.

Which ETF is better, OGIG or OUSM?

On 5-year performance, OUSM leads with 7.39% vs -2.07% for OGIG. Both ETFs have the same 0.48% expense ratio. On volatility, OUSM has been the lower-risk option at 3.66%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OGIG or OUSM?

Over the 5-year period, OUSM has performed better with a 7.39% return vs -2.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OGIG or OUSM?

OGIG and OUSM have the same expense ratio: 0.48% per year.

Which ETF pays a higher dividend yield, OGIG or OUSM?

OUSM has the higher dividend yield at 2.07%, compared with 0.08% for OGIG.

What is the main difference between OGIG and OUSM?

OGIG is categorized as Large Cap Growth Equities, while OUSM is Small Cap Blend Equities. OGIG tracks O’Shares Global Internet Giants Index, while OUSM tracks O'Shares US Small-Cap Quality Dividend Index.

Which has better risk-adjusted returns?

OUSM currently has the higher Sharpe Ratio (0.83 vs -0.30), 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.