OUSA vs. RPG

Last updated Jun 24, 2026

OUSA (OShares U.S. Quality Dividend ETF) and RPG (Invesco S&P 500 Pure Growth ETF) are both Large Cap Growth Equities funds - OUSA tracks the O'Shares US Quality Dividend Index while RPG tracks the S&P 500/Citigroup Pure Growth Index. Both are passively managed. Over the past 10 years, OUSA returned 10.19%/yr vs 15.14%/yr for RPG. A 0.72 correlation means they provide meaningful diversification when combined. OUSA charges 0.48%/yr vs 0.35%/yr for RPG.

Performance

OUSA vs. RPG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in OShares U.S. Quality Dividend ETF (OUSA) and Invesco S&P 500 Pure Growth ETF (RPG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OUSA achieves a 0.48% return, which is significantly lower than RPG's 30.31% return. Over the past 10 years, OUSA has underperformed RPG with an annualized return of 10.19%, while RPG has yielded a comparatively higher 15.14% annualized return.

OUSA

• 1D: 0.14%
• 1M: -2.32%
• YTD: 0.48%
• 6M: -0.06%
• 1Y: 10.34%
• 3Y*: 11.93%
• 5Y*: 8.53%
• 10Y*: 10.19%

RPG

• 1D: -4.60%
• 1M: 5.48%
• YTD: 30.31%
• 6M: 27.62%
• 1Y: 38.51%
• 3Y*: 27.72%
• 5Y*: 11.59%
• 10Y*: 15.14%

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

OUSA vs. RPG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OUSA OShares U.S. Quality Dividend ETF	0.48%	10.23%	17.09%	13.44%	-9.33%	23.75%	6.96%	25.03%	-3.11%	18.81%
RPG Invesco S&P 500 Pure Growth ETF	30.31%	13.41%	28.23%	8.04%	-27.55%	29.40%	29.34%	28.34%	-4.53%	26.20%

Correlation

The correlation between OUSA and RPG is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (10Y) Calculated over the trailing 10-year period	0.71
Correlation (All Time) Calculated using the full available price history since Jul 14, 2015	0.72

Over the past year, the correlation between OUSA and RPG has dropped to 0.42 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.

OUSA vs. RPG - Sectors Allocation Comparison

Sectors	OUSA	RPG
Technology	26.1%	46.9%
Financial Services	18.0%	5.3%
Healthcare	13.8%	6.4%
Consumer Cyclical	12.7%	14.7%
Industrials	11.2%	14.0%
Communication Services	10.9%	5.4%
Consumer Defensive	7.3%	1.1%
Basic Materials	-	1.2%
Energy	-	1.6%
Real Estate	-	1.0%
Utilities	-	2.4%

Return for Risk

OUSA vs. RPG — Risk / Return Rank

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

OUSA

OUSA Risk / Return Rank: 29
OUSA Sharpe Ratio Rank: 31
OUSA Sortino Ratio Rank: 31
OUSA Omega Ratio Rank: 28
OUSA Calmar Ratio Rank: 26
OUSA Martin Ratio Rank: 31

RPG

RPG Risk / Return Rank: 61
RPG Sharpe Ratio Rank: 55
RPG Sortino Ratio Rank: 52
RPG Omega Ratio Rank: 53
RPG Calmar Ratio Rank: 72
RPG Martin Ratio Rank: 73

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. RPG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for OShares U.S. Quality Dividend ETF (OUSA) and Invesco S&P 500 Pure Growth ETF (RPG). 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.

	OUSA	RPG	Difference
Sharpe ratio: Return per unit of total volatility	1.06	1.75	-0.69
Sortino ratio: Return per unit of downside risk	1.60	2.37	-0.77
Omega ratio: Gain probability vs. loss probability	1.19	1.31	-0.12
Calmar ratio: Return relative to maximum drawdown	1.24	3.49	-2.25
Martin ratio: Return relative to average drawdown	4.37	13.16	-8.79

OUSA vs. RPG - Sharpe Ratio Comparison

The current OUSA Sharpe Ratio is 1.06, which is lower than the RPG Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of OUSA and RPG, 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

OUSA vs. RPG - Drawdown Comparison

The maximum OUSA drawdown since its inception was -33.12%, smaller than the maximum RPG drawdown of -53.27%. Use the drawdown chart below to compare losses from any high point for OUSA and RPG.

Drawdown Indicators

	OUSA	RPG	Difference
Max Drawdown Largest peak-to-trough decline	-33.12%	-53.27%	+20.15%
Max Drawdown (1Y) Largest decline over 1 year	-8.36%	-11.08%	+2.72%
Max Drawdown (3Y) Largest decline over 3 years	-13.14%	-24.75%	+11.61%
Max Drawdown (5Y) Largest decline over 5 years	-19.54%	-35.59%	+16.05%
Max Drawdown (10Y) Largest decline over 10 years	-33.12%	-36.58%	+3.46%
Current Drawdown Current decline from peak	-3.14%	-4.60%	+1.46%
Average Drawdown Average peak-to-trough decline	-3.52%	-8.83%	+5.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.37%	2.93%	-0.56%

Volatility

OUSA vs. RPG - Volatility Comparison

The current volatility for OShares U.S. Quality Dividend ETF (OUSA) is 2.92%, while Invesco S&P 500 Pure Growth ETF (RPG) has a volatility of 11.10%. This indicates that OUSA experiences smaller price fluctuations and is considered to be less risky than RPG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OUSA	RPG	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.92%	11.10%	-8.18%
Volatility (6M) Calculated over the trailing 6-month period	7.42%	19.02%	-11.60%
Volatility (1Y) Calculated over the trailing 1-year period	9.82%	22.09%	-12.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.31%	23.86%	-10.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.17%	22.90%	-7.73%

OUSA vs. RPG - Expense Ratio Comparison

OUSA has a 0.48% expense ratio, which is higher than RPG's 0.35% expense ratio.

Dividends

OUSA vs. RPG - Dividend Comparison

OUSA's dividend yield for the trailing twelve months is around 1.43%, more than RPG's 0.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OUSA OShares U.S. Quality Dividend ETF	1.43%	1.39%	1.50%	1.81%	1.92%	1.56%	2.03%	2.31%	3.06%	2.15%	2.32%	1.17%
RPG Invesco S&P 500 Pure Growth ETF	0.15%	0.24%	0.25%	1.44%	0.74%	0.00%	0.46%	0.83%	0.47%	0.56%	0.43%	0.73%

Frequently Asked Questions

Can I hold both OUSA and RPG in my portfolio?

OUSA and RPG have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OUSA or RPG?

RPG has higher volatility (11.10%) compared to OUSA (2.92%). In terms of maximum drawdown, OUSA dropped -33.12% vs RPG's -53.27%.

Which ETF is better, OUSA or RPG?

On 10-year performance, RPG leads with 15.14% vs 10.19% for OUSA. On fees, RPG is cheaper at 0.35% per year. On volatility, OUSA 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, OUSA or RPG?

Over the 10-year period, RPG has performed better with a 15.14% return vs 10.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OUSA or RPG?

RPG is cheaper with a 0.35% expense ratio, compared with 0.48% for OUSA.

Which ETF pays a higher dividend yield, OUSA or RPG?

OUSA has the higher dividend yield at 1.43%, compared with 0.15% for RPG.

What is the main difference between OUSA and RPG?

OUSA tracks O'Shares US Quality Dividend Index, while RPG tracks S&P 500/Citigroup Pure Growth Index. They also come from different issuers: O'Shares Investments and Invesco. Their fees differ too: 0.48% for OUSA and 0.35% for RPG.

Which has better risk-adjusted returns?

RPG currently has the higher Sharpe Ratio (1.75 vs 1.06), 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.