OUSA vs. EUSA

Last updated Apr 2, 2026

Compare and contrast key facts about OShares U.S. Quality Dividend ETF (OUSA) and iShares MSCI USA Equal Weighted ETF (EUSA).

OUSA and EUSA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OUSA is a passively managed fund by O'Shares Investments that tracks the performance of the O'Shares US Quality Dividend Index. It was launched on Jul 14, 2015. EUSA is a passively managed fund by iShares that tracks the performance of the MSCI USA Index. It was launched on May 5, 2010. Both OUSA and EUSA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

OUSA vs. EUSA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in OShares U.S. Quality Dividend ETF (OUSA) and iShares MSCI USA Equal Weighted ETF (EUSA). The values are adjusted to include any dividend payments, if applicable.

OUSA vs. EUSA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OUSA OShares U.S. Quality Dividend ETF	-3.08%	10.23%	17.09%	13.44%	-9.33%	23.75%	6.96%	25.03%	-3.11%	18.81%
EUSA iShares MSCI USA Equal Weighted ETF	-0.88%	10.24%	14.64%	17.72%	-17.13%	25.60%	15.03%	30.56%	-8.58%	19.02%

Returns By Period

In the year-to-date period, OUSA achieves a -3.08% return, which is significantly lower than EUSA's -0.88% return. Over the past 10 years, OUSA has underperformed EUSA with an annualized return of 9.94%, while EUSA has yielded a comparatively higher 10.84% annualized return.

OUSA

• 1D: 0.09%
• 1M: -5.67%
• YTD: -3.08%
• 6M: -0.81%
• 1Y: 6.59%
• 3Y*: 11.55%
• 5Y*: 8.68%
• 10Y*: 9.94%

EUSA

• 1D: 0.33%
• 1M: -5.30%
• YTD: -0.88%
• 6M: -0.11%
• 1Y: 10.76%
• 3Y*: 12.34%
• 5Y*: 6.88%
• 10Y*: 10.84%

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

OUSA vs. EUSA - Expense Ratio Comparison

OUSA has a 0.48% expense ratio, which is higher than EUSA's 0.15% expense ratio.

OUSA

OShares U.S. Quality Dividend ETF

EUSA

iShares MSCI USA Equal Weighted ETF

Return for Risk

OUSA vs. EUSA — Risk / Return Rank

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

OUSA

OUSA Risk / Return Rank: 26
OUSA Sharpe Ratio Rank: 25
OUSA Sortino Ratio Rank: 25
OUSA Omega Ratio Rank: 25
OUSA Calmar Ratio Rank: 27
OUSA Martin Ratio Rank: 29

EUSA

EUSA Risk / Return Rank: 34
EUSA Sharpe Ratio Rank: 32
EUSA Sortino Ratio Rank: 33
EUSA Omega Ratio Rank: 33
EUSA Calmar Ratio Rank: 34
EUSA Martin Ratio Rank: 41

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.

OUSA vs. EUSA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for OShares U.S. Quality Dividend ETF (OUSA) and iShares MSCI USA Equal Weighted ETF (EUSA). 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.

	OUSA	EUSA	Difference
Sharpe ratio Return per unit of total volatility	0.48	0.63	-0.15
Sortino ratio Return per unit of downside risk	0.79	1.01	-0.22
Omega ratio Gain probability vs. loss probability	1.11	1.14	-0.03
Calmar ratio Return relative to maximum drawdown	0.64	0.89	-0.25
Martin ratio Return relative to average drawdown	2.59	4.05	-1.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OUSA vs. EUSA - Sharpe Ratio Comparison

The current OUSA Sharpe Ratio is 0.48, which is comparable to the EUSA Sharpe Ratio of 0.63. The chart below compares the historical Sharpe Ratios of OUSA and EUSA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	OUSA	EUSA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.48	0.63	-0.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.41	+0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.66	0.59	+0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.67	-0.01

Correlation

The correlation between OUSA and EUSA is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

OUSA vs. EUSA - Dividend Comparison

OUSA's dividend yield for the trailing twelve months is around 1.46%, less than EUSA's 1.68% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OUSA OShares U.S. Quality Dividend ETF	1.46%	1.39%	1.50%	1.81%	1.92%	1.56%	2.03%	2.31%	3.06%	2.15%	2.32%	1.17%
EUSA iShares MSCI USA Equal Weighted ETF	1.68%	1.63%	1.47%	1.53%	1.73%	1.23%	1.45%	1.49%	2.01%	1.50%	1.59%	2.21%

Drawdowns

OUSA vs. EUSA - Drawdown Comparison

The maximum OUSA drawdown since its inception was -33.12%, smaller than the maximum EUSA drawdown of -39.16%. Use the drawdown chart below to compare losses from any high point for OUSA and EUSA.

Drawdown Indicators

	OUSA	EUSA	Difference
Max Drawdown Largest peak-to-trough decline	-33.12%	-39.16%	+6.04%
Max Drawdown (1Y) Largest decline over 1 year	-9.80%	-12.37%	+2.57%
Max Drawdown (5Y) Largest decline over 5 years	-19.54%	-25.24%	+5.70%
Max Drawdown (10Y) Largest decline over 10 years	-33.12%	-39.16%	+6.04%
Current Drawdown Current decline from peak	-6.57%	-5.38%	-1.19%
Average Drawdown Average peak-to-trough decline	-3.54%	-4.63%	+1.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.42%	2.70%	-0.28%

Volatility

OUSA vs. EUSA - Volatility Comparison

The current volatility for OShares U.S. Quality Dividend ETF (OUSA) is 3.78%, while iShares MSCI USA Equal Weighted ETF (EUSA) has a volatility of 4.68%. This indicates that OUSA experiences smaller price fluctuations and is considered to be less risky than EUSA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OUSA	EUSA	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.78%	4.68%	-0.90%
Volatility (6M) Calculated over the trailing 6-month period	7.25%	9.16%	-1.91%
Volatility (1Y) Calculated over the trailing 1-year period	13.83%	17.21%	-3.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.31%	16.95%	-3.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.14%	18.33%	-3.19%