OUSA vs. TDVG

Last updated Jun 24, 2026

OUSA (OShares U.S. Quality Dividend ETF) and TDVG (T. Rowe Price Dividend Growth ETF) are both Large Cap Growth Equities funds. OUSA is passively managed, while TDVG is actively managed. Over the past 5 years, OUSA returned 8.53%/yr vs 10.19%/yr for TDVG. Their correlation of 0.92 suggests significant overlap in exposure. OUSA charges 0.48%/yr vs 0.50%/yr for TDVG.

Performance

OUSA vs. TDVG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in OShares U.S. Quality Dividend ETF (OUSA) and T. Rowe Price Dividend Growth ETF (TDVG). 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 TDVG's 8.04% 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%

TDVG

• 1D: -0.55%
• 1M: 1.22%
• YTD: 8.04%
• 6M: 7.41%
• 1Y: 17.57%
• 3Y*: 15.55%
• 5Y*: 10.19%
• 10Y*: —

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

OUSA vs. TDVG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
OUSA OShares U.S. Quality Dividend ETF	0.48%	10.23%	17.09%	13.44%	-9.33%	23.75%	9.42%
TDVG T. Rowe Price Dividend Growth ETF	8.04%	14.80%	13.45%	13.95%	-10.15%	26.20%	12.97%

Correlation

The correlation between OUSA and TDVG is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since Aug 5, 2020	0.92

The correlation between OUSA and TDVG has been stable across timeframes, ranging from 0.83 to 0.93 - a consistent structural relationship.

OUSA vs. TDVG - Sectors Allocation Comparison

Sectors	OUSA	TDVG
Technology	26.1%	26.2%
Financial Services	18.0%	19.3%
Healthcare	13.8%	12.4%
Consumer Cyclical	12.7%	7.2%
Industrials	11.2%	13.6%
Communication Services	10.9%	1.0%
Consumer Defensive	7.3%	6.9%
Basic Materials	-	2.8%
Energy	-	5.3%
Real Estate	-	1.6%
Utilities	-	3.8%

Return for Risk

OUSA vs. TDVG — 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

TDVG

TDVG Risk / Return Rank: 56
TDVG Sharpe Ratio Rank: 56
TDVG Sortino Ratio Rank: 58
TDVG Omega Ratio Rank: 54
TDVG Calmar Ratio Rank: 52
TDVG Martin Ratio Rank: 59

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. TDVG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for OShares U.S. Quality Dividend ETF (OUSA) and T. Rowe Price Dividend Growth ETF (TDVG). 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	TDVG	Difference
Sharpe ratio: Return per unit of total volatility	1.06	1.81	-0.74
Sortino ratio: Return per unit of downside risk	1.60	2.60	-1.00
Omega ratio: Gain probability vs. loss probability	1.19	1.32	-0.14
Calmar ratio: Return relative to maximum drawdown	1.24	2.44	-1.20
Martin ratio: Return relative to average drawdown	4.37	10.01	-5.64

OUSA vs. TDVG - Sharpe Ratio Comparison

The current OUSA Sharpe Ratio is 1.06, which is lower than the TDVG Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of OUSA and TDVG, 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. TDVG - Drawdown Comparison

The maximum OUSA drawdown since its inception was -33.12%, which is greater than TDVG's maximum drawdown of -19.20%. Use the drawdown chart below to compare losses from any high point for OUSA and TDVG.

Drawdown Indicators

	OUSA	TDVG	Difference
Max Drawdown Largest peak-to-trough decline	-33.12%	-19.20%	-13.92%
Max Drawdown (1Y) Largest decline over 1 year	-8.36%	-7.24%	-1.12%
Max Drawdown (3Y) Largest decline over 3 years	-13.14%	-14.02%	+0.88%
Max Drawdown (5Y) Largest decline over 5 years	-19.54%	-19.20%	-0.34%
Max Drawdown (10Y) Largest decline over 10 years	-33.12%	—	—
Current Drawdown Current decline from peak	-3.14%	-0.82%	-2.32%
Average Drawdown Average peak-to-trough decline	-3.52%	-3.73%	+0.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.37%	1.76%	+0.61%

Volatility

OUSA vs. TDVG - Volatility Comparison

OShares U.S. Quality Dividend ETF (OUSA) has a higher volatility of 2.92% compared to T. Rowe Price Dividend Growth ETF (TDVG) at 2.78%. This indicates that OUSA's price experiences larger fluctuations and is considered to be riskier than TDVG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OUSA	TDVG	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.92%	2.78%	+0.14%
Volatility (6M) Calculated over the trailing 6-month period	7.42%	7.61%	-0.19%
Volatility (1Y) Calculated over the trailing 1-year period	9.82%	9.79%	+0.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.31%	13.92%	-0.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.17%	13.90%	+1.27%

OUSA vs. TDVG - Expense Ratio Comparison

OUSA has a 0.48% expense ratio, which is lower than TDVG's 0.50% expense ratio.

Dividends

OUSA vs. TDVG - Dividend Comparison

OUSA's dividend yield for the trailing twelve months is around 1.43%, more than TDVG's 0.98% 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%
TDVG T. Rowe Price Dividend Growth ETF	0.98%	1.00%	1.06%	1.31%	1.15%	0.80%	0.40%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both OUSA and TDVG in my portfolio?

OUSA and TDVG have a correlation of 0.83, 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 TDVG?

OUSA has higher volatility (2.92%) compared to TDVG (2.78%). In terms of maximum drawdown, OUSA dropped -33.12% vs TDVG's -19.20%.

Which ETF is better, OUSA or TDVG?

On 5-year performance, TDVG leads with 10.19% vs 8.53% for OUSA. On fees, OUSA is cheaper at 0.48% per year. On volatility, TDVG has been the lower-risk option at 2.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OUSA or TDVG?

Over the 5-year period, TDVG has performed better with a 10.19% return vs 8.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OUSA or TDVG?

OUSA is cheaper with a 0.48% expense ratio, compared with 0.50% for TDVG.

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

OUSA has the higher dividend yield at 1.43%, compared with 0.98% for TDVG.

What is the main difference between OUSA and TDVG?

They also come from different issuers: O'Shares Investments and T. Rowe Price. Their fees differ too: 0.48% for OUSA and 0.50% for TDVG.

Which has better risk-adjusted returns?

TDVG currently has the higher Sharpe Ratio (1.81 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.