OUSM vs. ROE

Last updated Aug 4, 2026

OUSM (OShares U.S. Small-Cap Quality Dividend ETF) and ROE (Astoria US Equal Weight Quality Kings ETF) are both Quality Factor funds. OUSM is passively managed, while ROE is actively managed. Over the past 3 years, OUSM returned 12.20%/yr vs 21.23%/yr for ROE. Their 0.77 correlation means they have sometimes moved together and sometimes differently. OUSM charges 0.48%/yr vs 0.49%/yr for ROE.

Performance

OUSM vs. ROE - 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 Astoria US Equal Weight Quality Kings ETF (ROE). 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 ROE's 21.52% 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%

ROE

• 1D: 0.98%
• 1M: 1.61%
• 6M: 15.98%
• YTD: 21.52%
• 1Y: 34.66%
• 3Y*: 21.23%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 20.65%

*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)
OUSM OShares U.S. Small-Cap Quality Dividend ETF	$4.86M	$3.68M	$3.03M
ROE Astoria US Equal Weight Quality Kings ETF	$1.14M	$1.17M	$931.17K

OUSM vs. ROE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
OUSM OShares U.S. Small-Cap Quality Dividend ETF	13.55%	2.17%	13.45%	6.11%
ROE Astoria US Equal Weight Quality Kings ETF	21.52%	17.20%	18.34%	4.31%

Correlation

The correlation between OUSM and ROE is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.60
Correlation (3Y) Balances recent behavior with more history.	0.77
Correlation (All Time) Calculated using the full available price history since Aug 1, 2023	0.77

The correlation between OUSM and ROE shifts across timeframes, from 0.60 (1 year) to 0.77 (all time), reflecting how their relationship changes across market environments.

OUSM vs. ROE - Sectors Allocation Comparison

Sectors	OUSM	ROE
Industrials	24.2%	9.0%
Financial Services	21.7%	11.9%
Consumer Cyclical	21.0%	11.0%
Technology	11.4%	33.9%
Healthcare	8.0%	10.2%
Consumer Defensive	4.3%	4.9%
Utilities	4.1%	2.0%
Communication Services	3.5%	11.1%
Basic Materials	1.5%	1.0%
Energy	0.3%	2.9%
Real Estate	-	2.0%

Return for Risk

OUSM vs. ROE — 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

ROE

ROE Risk / Return Rank: 90
ROE Sharpe Ratio Rank: 90
ROE Sortino Ratio Rank: 88
ROE Omega Ratio Rank: 87
ROE Calmar Ratio Rank: 90
ROE Martin Ratio Rank: 93

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. ROE - 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 Astoria US Equal Weight Quality Kings ETF (ROE). 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	ROE	Difference
Sharpe ratio: Return per unit of total volatility	1.33	2.32	-0.99
Sortino ratio: Return per unit of downside risk	2.10	3.09	-0.99
Omega ratio: Gain probability vs. loss probability	1.24	1.40	-0.17
Calmar ratio: Return relative to maximum drawdown	1.89	4.02	-2.13
Martin ratio: Return relative to average drawdown	5.58	17.11	-11.54

OUSM vs. ROE - Sharpe Ratio Comparison

The current OUSM Sharpe Ratio is 1.33, which is lower than the ROE Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of OUSM and ROE, 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. ROE - Drawdown Comparison

The maximum OUSM drawdown since its inception was -39.84%, which is greater than ROE's maximum drawdown of -19.10%. Use the drawdown chart below to compare losses from any high point for OUSM and ROE.

Drawdown Indicators

	OUSM	ROE	Difference
Max Drawdown Largest peak-to-trough decline	-39.84%	-19.10%	-20.74%
Max Drawdown (1Y) Largest decline over 1 year	-9.21%	-8.66%	-0.55%
Max Drawdown (3Y) Largest decline over 3 years	-19.44%	-19.10%	-0.34%
Max Drawdown (5Y) Largest decline over 5 years	-19.44%	—	—
Current Drawdown Current decline from peak	-0.75%	-0.34%	-0.41%
Average Drawdown Average peak-to-trough decline	-5.14%	-2.54%	-2.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.11%	2.03%	+1.08%

Volatility

OUSM vs. ROE - Volatility Comparison

OShares U.S. Small-Cap Quality Dividend ETF (OUSM) has a higher volatility of 4.17% compared to Astoria US Equal Weight Quality Kings ETF (ROE) at 3.61%. This indicates that OUSM's price experiences larger fluctuations and is considered to be riskier than ROE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OUSM	ROE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.17%	3.61%	+0.56%
Volatility (6M) Calculated over the trailing 6-month period	9.36%	11.74%	-2.38%
Volatility (1Y) Calculated over the trailing 1-year period	13.13%	15.05%	-1.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.27%	15.87%	+0.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.85%	15.87%	+2.98%

OUSM vs. ROE - Expense Ratio Comparison

OUSM has a 0.48% expense ratio, which is lower than ROE's 0.49% expense ratio.

Dividends

OUSM vs. ROE - Dividend Comparison

OUSM's dividend yield for the trailing twelve months is around 1.91%, more than ROE's 1.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
ROE Astoria US Equal Weight Quality Kings ETF	1.00%	0.97%	1.18%	0.68%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both OUSM and ROE in my portfolio?

OUSM and ROE have a correlation of 0.60, 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 ROE?

OUSM has higher volatility (4.17%) compared to ROE (3.61%). In terms of maximum drawdown, OUSM dropped -39.84% vs ROE's -19.10%.

Which ETF is better, OUSM or ROE?

On 3-year performance, ROE leads with 21.23% vs 12.20% for OUSM. On fees, OUSM is cheaper at 0.48% per year. On volatility, ROE has been the lower-risk option at 3.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OUSM or ROE?

Over the 3-year period, ROE has performed better with a 21.23% return vs 12.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OUSM or ROE?

OUSM is cheaper with a 0.48% expense ratio, compared with 0.49% for ROE.

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

OUSM has the higher dividend yield at 1.91%, compared with 1.00% for ROE.

What is the main difference between OUSM and ROE?

They also come from different issuers: O'Shares Investments and Astoria. Their fees differ too: 0.48% for OUSM and 0.49% for ROE.

Which has better risk-adjusted returns?

ROE currently has the higher Sharpe Ratio (2.32 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.