OMAH vs. QUSA

Last updated Aug 2, 2026

OMAH (VistaShares Target 15™ Berkshire Select Income ETF) and QUSA (VistaShares Target 15™ USA Quality Income ETF) are both exchange-traded funds - OMAH is a Derivative Income fund actively managed by VistaShares, while QUSA is a Quality Factor fund actively managed by VistaShares. Both are actively managed. Over the past year, OMAH returned 15.78% vs 5.22% for QUSA. Their 0.37 correlation means their historical movements had little consistent relationship. 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 9.54% return, which is significantly higher than QUSA's 8.12% return.

OMAH

• 1D: -0.48%
• 1M: 0.88%
• 6M: 10.58%
• YTD: 9.54%
• 1Y: 15.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.63%

QUSA

• 1D: 0.38%
• 1M: -1.27%
• 6M: 6.29%
• YTD: 8.12%
• 1Y: 5.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.70%

*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)
OMAH VistaShares Target 15™ Berkshire Select Income ETF	$19.26M	$17.24M	$16.29M
QUSA VistaShares Target 15™ USA Quality Income ETF	$284.17K	$298.42K	$273.69K

OMAH vs. QUSA - Yearly Performance Comparison

	2026 (YTD)	2025
OMAH VistaShares Target 15™ Berkshire Select Income ETF	9.54%	8.38%
QUSA VistaShares Target 15™ USA Quality Income ETF	8.12%	-3.27%

Correlation

The correlation between OMAH and QUSA is 0.32, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.32
Correlation (All Time) Calculated using the full available price history since May 6, 2025	0.37

Return for Risk

OMAH vs. QUSA — Risk / Return Rank

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

OMAH

OMAH Risk / Return Rank: 82
OMAH Sharpe Ratio Rank: 78
OMAH Sortino Ratio Rank: 78
OMAH Omega Ratio Rank: 75
OMAH Calmar Ratio Rank: 94
OMAH Martin Ratio Rank: 86

QUSA

QUSA Risk / Return Rank: 18
QUSA Sharpe Ratio Rank: 19
QUSA Sortino Ratio Rank: 18
QUSA Omega Ratio Rank: 18
QUSA Calmar Ratio Rank: 18
QUSA Martin Ratio Rank: 18

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.

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	1.77	0.36	+1.41
Sortino ratio: Return per unit of downside risk	2.50	0.60	+1.89
Omega ratio: Gain probability vs. loss probability	1.31	1.07	+0.24
Calmar ratio: Return relative to maximum drawdown	5.03	0.42	+4.61
Martin ratio: Return relative to average drawdown	12.06	1.05	+11.01

OMAH vs. QUSA - Sharpe Ratio Comparison

The current OMAH Sharpe Ratio is 1.77, which is higher than the QUSA Sharpe Ratio of 0.36. 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	-2.95%	-9.49%	+6.54%
Current Drawdown Current decline from peak	-1.05%	-3.15%	+2.10%
Average Drawdown Average peak-to-trough decline	-1.23%	-3.59%	+2.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.23%	3.76%	-2.53%

Volatility

OMAH vs. QUSA - Volatility Comparison

VistaShares Target 15™ Berkshire Select Income ETF (OMAH) has a higher volatility of 3.15% compared to VistaShares Target 15™ USA Quality Income ETF (QUSA) at 2.92%. This indicates that OMAH's price experiences larger fluctuations and is considered to be riskier 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	3.15%	2.92%	+0.23%
Volatility (6M) Calculated over the trailing 6-month period	5.90%	8.96%	-3.06%
Volatility (1Y) Calculated over the trailing 1-year period	8.40%	10.95%	-2.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.84%	10.75%	+2.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.84%	10.75%	+2.09%

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 15.01%, less than QUSA's 15.54% yield.

Position	TTM	2025
OMAH VistaShares Target 15™ Berkshire Select Income ETF	15.01%	12.86%
QUSA VistaShares Target 15™ USA Quality Income ETF	15.54%	6.61%

Frequently Asked Questions

Can I hold both OMAH and QUSA in my portfolio?

OMAH and QUSA have a correlation of 0.32, 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?

OMAH has higher volatility (3.15%) compared to QUSA (2.92%). 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 15.78% vs 5.22% for QUSA. Both ETFs have the same 0.95% expense ratio. On volatility, QUSA has been the lower-risk option at 2.92%. 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 15.78% return vs 5.22%. 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?

QUSA has the higher dividend yield at 15.54%, compared with 15.01% for OMAH.

What is the main difference between OMAH and QUSA?

OMAH is categorized as Derivative Income, while QUSA is Quality Factor.

Which has better risk-adjusted returns?

OMAH currently has the higher Sharpe Ratio (1.77 vs 0.36), 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.