OMAH vs. QUSA

Last updated Jun 23, 2026

OMAH (VistaShares Target 15™ Berkshire Select Income ETF) and QUSA (VistaShares Target 15™ USA Quality Income ETF) are both Derivative Income funds from VistaShares. Both are actively managed. Over the past year, OMAH returned 11.86% vs 5.11% for QUSA. At a 0.44 correlation, their price movements are largely independent. Both charge a 0.95% expense ratio.

Performance

OMAH vs. QUSA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VistaShares Target 15™ Berkshire Select Income ETF (OMAH) and VistaShares Target 15™ USA Quality Income ETF (QUSA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OMAH achieves a 5.02% return, which is significantly lower than QUSA's 9.92% return.

OMAH

• 1D: -0.54%
• 1M: -2.23%
• YTD: 5.02%
• 6M: 4.89%
• 1Y: 11.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QUSA

• 1D: -0.46%
• 1M: 0.69%
• YTD: 9.92%
• 6M: 9.76%
• 1Y: 5.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OMAH vs. QUSA - Yearly Performance Comparison

	2026 (YTD)	2025
OMAH VistaShares Target 15™ Berkshire Select Income ETF	5.02%	8.38%
QUSA VistaShares Target 15™ USA Quality Income ETF	9.92%	-3.27%

Correlation

The correlation between OMAH and QUSA is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (All Time) Calculated using the full available price history since May 6, 2025	0.44

OMAH vs. QUSA - Sectors Allocation Comparison

Sectors	OMAH	QUSA
Financial Services	37.3%	13.0%
Communication Services	19.8%	12.9%
Consumer Defensive	13.2%	16.7%
Technology	11.6%	37.9%
Energy	8.8%	-
Industrials	4.9%	9.8%
Healthcare	4.4%	9.6%
Consumer Cyclical	4.1%	-
Basic Materials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

OMAH vs. QUSA — Risk / Return Rank

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

OMAH

OMAH Risk / Return Rank: 52
OMAH Sharpe Ratio Rank: 43
OMAH Sortino Ratio Rank: 42
OMAH Omega Ratio Rank: 40
OMAH Calmar Ratio Rank: 79
OMAH Martin Ratio Rank: 56

QUSA

QUSA Risk / Return Rank: 15
QUSA Sharpe Ratio Rank: 16
QUSA Sortino Ratio Rank: 14
QUSA Omega Ratio Rank: 14
QUSA Calmar Ratio Rank: 14
QUSA Martin Ratio Rank: 14

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.

OMAH vs. QUSA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VistaShares Target 15™ Berkshire Select Income ETF (OMAH) and VistaShares Target 15™ USA Quality Income ETF (QUSA). 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.

	OMAH	QUSA	Difference
Sharpe ratio: Return per unit of total volatility	1.48	0.48	+1.00
Sortino ratio: Return per unit of downside risk	2.08	0.76	+1.31
Omega ratio: Gain probability vs. loss probability	1.26	1.09	+0.17
Calmar ratio: Return relative to maximum drawdown	3.97	0.51	+3.46
Martin ratio: Return relative to average drawdown	9.48	1.21	+8.27

OMAH vs. QUSA - Sharpe Ratio Comparison

The current OMAH Sharpe Ratio is 1.48, which is higher than the QUSA Sharpe Ratio of 0.48. The chart below compares the historical Sharpe Ratios of OMAH and QUSA, 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

OMAH vs. QUSA - Drawdown Comparison

The maximum OMAH drawdown since its inception was -11.83%, which is greater than QUSA's maximum drawdown of -10.64%. Use the drawdown chart below to compare losses from any high point for OMAH and QUSA.

Drawdown Indicators

	OMAH	QUSA	Difference
Max Drawdown Largest peak-to-trough decline	-11.83%	-10.64%	-1.19%
Max Drawdown (1Y) Largest decline over 1 year	-3.00%	-10.12%	+7.12%
Current Drawdown Current decline from peak	-2.23%	-0.72%	-1.51%
Average Drawdown Average peak-to-trough decline	-1.27%	-3.72%	+2.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.25%	4.23%	-2.98%

Volatility

OMAH vs. QUSA - Volatility Comparison

The current volatility for VistaShares Target 15™ Berkshire Select Income ETF (OMAH) is 2.23%, while VistaShares Target 15™ USA Quality Income ETF (QUSA) has a volatility of 3.60%. This indicates that OMAH experiences smaller price fluctuations and is considered to be less risky than QUSA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OMAH	QUSA	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.23%	3.60%	-1.37%
Volatility (6M) Calculated over the trailing 6-month period	5.58%	8.62%	-3.04%
Volatility (1Y) Calculated over the trailing 1-year period	8.06%	10.74%	-2.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.05%	10.61%	+2.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.05%	10.61%	+2.44%

OMAH vs. QUSA - Expense Ratio Comparison

Both OMAH and QUSA have an expense ratio of 0.95%.

Dividends

OMAH vs. QUSA - Dividend Comparison

OMAH's dividend yield for the trailing twelve months is around 15.38%, more than QUSA's 12.46% yield.

Position	TTM	2025
OMAH VistaShares Target 15™ Berkshire Select Income ETF	15.38%	12.86%
QUSA VistaShares Target 15™ USA Quality Income ETF	12.46%	6.61%

Frequently Asked Questions

Can I hold both OMAH and QUSA in my portfolio?

OMAH and QUSA have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OMAH or QUSA?

QUSA has higher volatility (3.60%) compared to OMAH (2.23%). In terms of maximum drawdown, OMAH dropped -11.83% vs QUSA's -10.64%.

Which ETF is better, OMAH or QUSA?

On 1-year performance, OMAH leads with 11.86% vs 5.11% for QUSA. Both ETFs have the same 0.95% expense ratio. On volatility, OMAH has been the lower-risk option at 2.23%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OMAH or QUSA?

Over the 1-year period, OMAH has performed better with a 11.86% return vs 5.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OMAH or QUSA?

OMAH and QUSA have the same expense ratio: 0.95% per year.

Which ETF pays a higher dividend yield, OMAH or QUSA?

OMAH has the higher dividend yield at 15.38%, compared with 12.46% for QUSA.

Which has better risk-adjusted returns?

OMAH currently has the higher Sharpe Ratio (1.48 vs 0.48), 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.