OUSM vs. EQLT

Last updated Aug 4, 2026

OUSM (OShares U.S. Small-Cap Quality Dividend ETF) and EQLT (iShares MSCI Emerging Markets Quality Factor ETF) are both Quality Factor funds - OUSM tracks the O'Shares US Small-Cap Quality Dividend Index while EQLT tracks the MSCI Emerging Markets Quality Factor Select Index. Both are passively managed. Over the past year, OUSM returned 17.33% vs 47.25% for EQLT. Their 0.40 correlation means their historical movements had little consistent relationship. OUSM charges 0.48%/yr vs 0.35%/yr for EQLT.

Performance

OUSM vs. EQLT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in OShares U.S. Small-Cap Quality Dividend ETF (OUSM) and iShares MSCI Emerging Markets Quality Factor ETF (EQLT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OUSM achieves a 13.55% return, which is significantly lower than EQLT's 25.30% return.

OUSM

• 1D: 1.07%
• 1M: 3.02%
• 6M: 8.44%
• YTD: 13.55%
• 1Y: 17.33%
• 3Y*: 12.20%
• 5Y*: 8.65%
• 10Y*: —
• ALL TIME*: 9.48%

EQLT

• 1D: 1.99%
• 1M: 0.61%
• 6M: 15.96%
• YTD: 25.30%
• 1Y: 47.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 30.32%

*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)
EQLT iShares MSCI Emerging Markets Quality Factor ETF	$66.04K	$56.95K	$121.40K
OUSM OShares U.S. Small-Cap Quality Dividend ETF	$4.86M	$3.68M	$3.03M

OUSM vs. EQLT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
OUSM OShares U.S. Small-Cap Quality Dividend ETF	13.55%	2.17%	2.66%
EQLT iShares MSCI Emerging Markets Quality Factor ETF	25.30%	33.93%	-1.29%

Correlation

The correlation between OUSM and EQLT is 0.37, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.37
Correlation (All Time) Calculated using the full available price history since Sep 6, 2024	0.40

OUSM vs. EQLT - Sectors Allocation Comparison

Sectors	OUSM	EQLT
Industrials	24.2%	11.4%
Financial Services	21.7%	19.5%
Consumer Cyclical	21.0%	8.2%
Technology	11.4%	34.8%
Healthcare	8.0%	3.3%
Consumer Defensive	4.3%	3.5%
Utilities	4.1%	1.8%
Communication Services	3.5%	5.2%
Basic Materials	1.5%	6.5%
Energy	0.3%	3.5%
Real Estate	-	0.9%

Return for Risk

OUSM vs. EQLT — Risk / Return Rank

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

OUSM

OUSM Risk / Return Rank: 52
OUSM Sharpe Ratio Rank: 52
OUSM Sortino Ratio Rank: 59
OUSM Omega Ratio Rank: 50
OUSM Calmar Ratio Rank: 50
OUSM Martin Ratio Rank: 47

EQLT

EQLT Risk / Return Rank: 82
EQLT Sharpe Ratio Rank: 82
EQLT Sortino Ratio Rank: 76
EQLT Omega Ratio Rank: 80
EQLT Calmar Ratio Rank: 90
EQLT Martin Ratio Rank: 82

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.

OUSM vs. EQLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for OShares U.S. Small-Cap Quality Dividend ETF (OUSM) and iShares MSCI Emerging Markets Quality Factor ETF (EQLT). 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.

	OUSM	EQLT	Difference
Sharpe ratio: Return per unit of total volatility	1.33	2.03	-0.70
Sortino ratio: Return per unit of downside risk	2.10	2.63	-0.54
Omega ratio: Gain probability vs. loss probability	1.24	1.36	-0.12
Calmar ratio: Return relative to maximum drawdown	1.89	3.96	-2.07
Martin ratio: Return relative to average drawdown	5.58	11.90	-6.32

OUSM vs. EQLT - Sharpe Ratio Comparison

The current OUSM Sharpe Ratio is 1.33, which is lower than the EQLT Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of OUSM and EQLT, 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

OUSM vs. EQLT - Drawdown Comparison

The maximum OUSM drawdown since its inception was -39.84%, which is greater than EQLT's maximum drawdown of -17.38%. Use the drawdown chart below to compare losses from any high point for OUSM and EQLT.

Drawdown Indicators

	OUSM	EQLT	Difference
Max Drawdown Largest peak-to-trough decline	-39.84%	-17.38%	-22.46%
Max Drawdown (1Y) Largest decline over 1 year	-9.21%	-12.00%	+2.79%
Max Drawdown (3Y) Largest decline over 3 years	-19.44%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.44%	—	—
Current Drawdown Current decline from peak	-0.75%	-6.54%	+5.79%
Average Drawdown Average peak-to-trough decline	-5.14%	-3.81%	-1.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.11%	3.98%	-0.87%

Volatility

OUSM vs. EQLT - Volatility Comparison

The current volatility for OShares U.S. Small-Cap Quality Dividend ETF (OUSM) is 4.17%, while iShares MSCI Emerging Markets Quality Factor ETF (EQLT) has a volatility of 6.29%. This indicates that OUSM experiences smaller price fluctuations and is considered to be less risky than EQLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OUSM	EQLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.17%	6.29%	-2.12%
Volatility (6M) Calculated over the trailing 6-month period	9.36%	21.12%	-11.76%
Volatility (1Y) Calculated over the trailing 1-year period	13.13%	23.48%	-10.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.27%	21.27%	-5.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.85%	21.27%	-2.42%

OUSM vs. EQLT - Expense Ratio Comparison

OUSM has a 0.48% expense ratio, which is higher than EQLT's 0.35% expense ratio.

Dividends

OUSM vs. EQLT - Dividend Comparison

OUSM's dividend yield for the trailing twelve months is around 1.91%, less than EQLT's 2.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
EQLT iShares MSCI Emerging Markets Quality Factor ETF	2.80%	3.10%	0.51%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
OUSM OShares U.S. Small-Cap Quality Dividend ETF	1.91%	2.09%	1.62%	1.64%	1.98%	1.55%	2.02%	1.99%	2.63%	2.17%

Frequently Asked Questions

Can I hold both OUSM and EQLT in my portfolio?

OUSM and EQLT have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OUSM or EQLT?

EQLT has higher volatility (6.29%) compared to OUSM (4.17%). In terms of maximum drawdown, OUSM dropped -39.84% vs EQLT's -17.38%.

Which ETF is better, OUSM or EQLT?

On 1-year performance, EQLT leads with 47.25% vs 17.33% for OUSM. On fees, EQLT is cheaper at 0.35% per year. On volatility, OUSM has been the lower-risk option at 4.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OUSM or EQLT?

Over the 1-year period, EQLT has performed better with a 47.25% return vs 17.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OUSM or EQLT?

EQLT is cheaper with a 0.35% expense ratio, compared with 0.48% for OUSM.

Which ETF pays a higher dividend yield, OUSM or EQLT?

EQLT has the higher dividend yield at 2.80%, compared with 1.91% for OUSM.

What is the main difference between OUSM and EQLT?

OUSM tracks O'Shares US Small-Cap Quality Dividend Index, while EQLT tracks MSCI Emerging Markets Quality Factor Select Index. They also come from different issuers: O'Shares Investments and iShares. Their fees differ too: 0.48% for OUSM and 0.35% for EQLT.

Which has better risk-adjusted returns?

EQLT currently has the higher Sharpe Ratio (2.03 vs 1.33), 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.