OUSM vs. OGIG

Last updated Aug 4, 2026

OUSM (OShares U.S. Small-Cap Quality Dividend ETF) and OGIG (O’Shares Global Internet Giants ETF) are both exchange-traded funds - OUSM is a Quality Factor fund tracking the O'Shares US Small-Cap Quality Dividend Index, while OGIG is a Large Cap Growth Equities fund tracking the O’Shares Global Internet Giants Index. Both are passively managed. Over the past 5 years, OUSM returned 8.65%/yr vs -2.57%/yr for OGIG. Their 0.51 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.48% expense ratio.

Performance

OUSM vs. OGIG - 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 O’Shares Global Internet Giants ETF (OGIG). 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 higher than OGIG's -8.22% 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%

OGIG

• 1D: 3.19%
• 1M: 4.98%
• 6M: 1.25%
• YTD: -8.22%
• 1Y: -8.96%
• 3Y*: 13.89%
• 5Y*: -2.57%
• 10Y*: —
• ALL TIME*: 8.27%

*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)
OGIG O’Shares Global Internet Giants ETF	$250.04K	$303.92K	$446.15K
OUSM OShares U.S. Small-Cap Quality Dividend ETF	$4.86M	$3.68M	$3.03M

OUSM vs. OGIG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
OUSM OShares U.S. Small-Cap Quality Dividend ETF	13.55%	2.17%	13.45%	18.82%	-7.89%	21.45%	7.64%	28.04%	-12.11%
OGIG O’Shares Global Internet Giants ETF	-8.22%	14.39%	25.97%	50.25%	-50.64%	-9.30%	107.92%	36.90%	-24.48%

Correlation

The correlation between OUSM and OGIG is 0.25, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.25
Correlation (3Y) Balances recent behavior with more history.	0.45
Correlation (5Y) Shows whether the relationship held over a longer period.	0.54
Correlation (All Time) Calculated using the full available price history since Jun 5, 2018	0.51

Over the past year, the correlation between OUSM and OGIG has dropped to 0.25 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.

OUSM vs. OGIG - Sectors Allocation Comparison

Sectors	OUSM	OGIG
Industrials	24.2%	0.4%
Financial Services	21.7%	0.2%
Consumer Cyclical	21.0%	19.5%
Technology	11.4%	50.3%
Healthcare	8.0%	1.0%
Consumer Defensive	4.3%	-
Utilities	4.1%	-
Communication Services	3.5%	28.4%
Basic Materials	1.5%	-
Energy	0.3%	-
Real Estate	-	0.8%

Return for Risk

OUSM vs. OGIG — 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

OGIG

OGIG Risk / Return Rank: 7
OGIG Sharpe Ratio Rank: 6
OGIG Sortino Ratio Rank: 6
OGIG Omega Ratio Rank: 6
OGIG Calmar Ratio Rank: 7
OGIG Martin Ratio Rank: 8

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. OGIG - 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 O’Shares Global Internet Giants ETF (OGIG). 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	OGIG	Difference
Sharpe ratio: Return per unit of total volatility	1.33	-0.37	+1.70
Sortino ratio: Return per unit of downside risk	2.10	-0.37	+2.46
Omega ratio: Gain probability vs. loss probability	1.24	0.96	+0.28
Calmar ratio: Return relative to maximum drawdown	1.89	-0.27	+2.16
Martin ratio: Return relative to average drawdown	5.58	-0.49	+6.07

OUSM vs. OGIG - Sharpe Ratio Comparison

The current OUSM Sharpe Ratio is 1.33, which is higher than the OGIG Sharpe Ratio of -0.37. The chart below compares the historical Sharpe Ratios of OUSM and OGIG, 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. OGIG - Drawdown Comparison

The maximum OUSM drawdown since its inception was -39.84%, smaller than the maximum OGIG drawdown of -66.05%. Use the drawdown chart below to compare losses from any high point for OUSM and OGIG.

Drawdown Indicators

	OUSM	OGIG	Difference
Max Drawdown Largest peak-to-trough decline	-39.84%	-66.05%	+26.21%
Max Drawdown (1Y) Largest decline over 1 year	-9.21%	-33.23%	+24.02%
Max Drawdown (3Y) Largest decline over 3 years	-19.44%	-33.23%	+13.79%
Max Drawdown (5Y) Largest decline over 5 years	-19.44%	-62.79%	+43.35%
Current Drawdown Current decline from peak	-0.75%	-24.18%	+23.43%
Average Drawdown Average peak-to-trough decline	-5.14%	-25.71%	+20.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.11%	18.26%	-15.15%

Volatility

OUSM vs. OGIG - Volatility Comparison

The current volatility for OShares U.S. Small-Cap Quality Dividend ETF (OUSM) is 4.17%, while O’Shares Global Internet Giants ETF (OGIG) has a volatility of 7.26%. This indicates that OUSM experiences smaller price fluctuations and is considered to be less risky than OGIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OUSM	OGIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.17%	7.26%	-3.09%
Volatility (6M) Calculated over the trailing 6-month period	9.36%	20.17%	-10.81%
Volatility (1Y) Calculated over the trailing 1-year period	13.13%	24.11%	-10.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.27%	31.82%	-15.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.85%	30.96%	-12.11%

OUSM vs. OGIG - Expense Ratio Comparison

Both OUSM and OGIG have an expense ratio of 0.48%.

Dividends

OUSM vs. OGIG - Dividend Comparison

OUSM's dividend yield for the trailing twelve months is around 1.91%, more than OGIG's 0.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
OGIG O’Shares Global Internet Giants ETF	0.08%	0.07%	0.00%	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 OGIG in my portfolio?

OUSM and OGIG have a correlation of 0.25, 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 OGIG?

OGIG has higher volatility (7.26%) compared to OUSM (4.17%). In terms of maximum drawdown, OUSM dropped -39.84% vs OGIG's -66.05%.

Which ETF is better, OUSM or OGIG?

On 5-year performance, OUSM leads with 8.65% vs -2.57% for OGIG. Both ETFs have the same 0.48% expense ratio. 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 OGIG?

Over the 5-year period, OUSM has performed better with a 8.65% return vs -2.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OUSM or OGIG?

OUSM and OGIG have the same expense ratio: 0.48% per year.

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

OUSM has the higher dividend yield at 1.91%, compared with 0.08% for OGIG.

What is the main difference between OUSM and OGIG?

OUSM is categorized as Quality Factor, while OGIG is Large Cap Growth Equities. OUSM tracks O'Shares US Small-Cap Quality Dividend Index, while OGIG tracks O’Shares Global Internet Giants Index.

Which has better risk-adjusted returns?

OUSM currently has the higher Sharpe Ratio (1.33 vs -0.37), 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.