OUSM vs. SDOG

Last updated Jun 14, 2026

OUSM (OShares U.S. Small-Cap Quality Dividend ETF) and SDOG (ALPS Sector Dividend Dogs ETF) are both exchange-traded funds - OUSM is a Small Cap Blend Equities fund tracking the O'Shares US Small-Cap Quality Dividend Index, while SDOG is a Large Cap Value Equities fund tracking the S-Network Sector Dividend Dogs Index. Both are passively managed. Over the past 5 years, OUSM returned 7.57%/yr vs 9.08%/yr for SDOG. Their correlation of 0.84 suggests significant overlap in exposure. OUSM charges 0.48%/yr vs 0.36%/yr for SDOG.

Performance

OUSM vs. SDOG - 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 ALPS Sector Dividend Dogs ETF (SDOG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OUSM achieves a 8.25% return, which is significantly lower than SDOG's 17.13% return.

OUSM

• 1D: 0.94%
• 1M: 3.32%
• YTD: 8.25%
• 6M: 6.15%
• 1Y: 13.62%
• 3Y*: 11.20%
• 5Y*: 7.57%
• 10Y*: —

SDOG

• 1D: 1.26%
• 1M: 6.55%
• YTD: 17.13%
• 6M: 16.28%
• 1Y: 27.16%
• 3Y*: 16.38%
• 5Y*: 9.08%
• 10Y*: 9.99%

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

OUSM vs. SDOG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OUSM OShares U.S. Small-Cap Quality Dividend ETF	8.25%	2.17%	13.45%	18.82%	-7.89%	21.45%	7.64%	28.04%	-10.60%	10.85%
SDOG ALPS Sector Dividend Dogs ETF	17.13%	11.12%	14.70%	4.19%	-0.20%	24.59%	-0.35%	24.02%	-11.43%	12.65%

Correlation

The correlation between OUSM and SDOG is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (All Time) Calculated using the full available price history since Dec 30, 2016	0.84

The correlation between OUSM and SDOG has been stable across timeframes, ranging from 0.76 to 0.84 - a consistent structural relationship.

OUSM vs. SDOG - Sectors Allocation Comparison

Sectors	OUSM	SDOG
Industrials	22.2%	7.5%
Financial Services	20.4%	10.6%
Consumer Cyclical	19.5%	16.3%
Technology	14.5%	16.2%
Healthcare	9.9%	9.8%
Consumer Defensive	4.6%	9.5%
Utilities	3.8%	9.2%
Communication Services	3.5%	8.4%
Basic Materials	1.3%	3.5%
Energy	0.3%	9.1%
Real Estate	-	-

Return for Risk

OUSM vs. SDOG — Risk / Return Rank

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

OUSM

OUSM Risk / Return Rank: 28
OUSM Sharpe Ratio Rank: 28
OUSM Sortino Ratio Rank: 29
OUSM Omega Ratio Rank: 26
OUSM Calmar Ratio Rank: 30
OUSM Martin Ratio Rank: 29

SDOG

SDOG Risk / Return Rank: 83
SDOG Sharpe Ratio Rank: 83
SDOG Sortino Ratio Rank: 87
SDOG Omega Ratio Rank: 78
SDOG Calmar Ratio Rank: 86
SDOG Martin Ratio Rank: 80

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.

OUSM vs. SDOG - 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 ALPS Sector Dividend Dogs ETF (SDOG). 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	SDOG	Difference
Sharpe ratio: Return per unit of total volatility	0.89	2.30	-1.41
Sortino ratio: Return per unit of downside risk	1.42	3.45	-2.02
Omega ratio: Gain probability vs. loss probability	1.16	1.40	-0.24
Calmar ratio: Return relative to maximum drawdown	1.29	4.25	-2.96
Martin ratio: Return relative to average drawdown	3.76	13.63	-9.87

OUSM vs. SDOG - Sharpe Ratio Comparison

The current OUSM Sharpe Ratio is 0.89, which is lower than the SDOG Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of OUSM and SDOG, 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. SDOG - Drawdown Comparison

The maximum OUSM drawdown since its inception was -39.84%, smaller than the maximum SDOG drawdown of -43.56%. Use the drawdown chart below to compare losses from any high point for OUSM and SDOG.

Drawdown Indicators

	OUSM	SDOG	Difference
Max Drawdown Largest peak-to-trough decline	-39.84%	-43.56%	+3.72%
Max Drawdown (1Y) Largest decline over 1 year	-9.21%	-6.24%	-2.97%
Max Drawdown (3Y) Largest decline over 3 years	-19.44%	-16.00%	-3.44%
Max Drawdown (5Y) Largest decline over 5 years	-19.44%	-19.84%	+0.40%
Max Drawdown (10Y) Largest decline over 10 years	—	-43.56%	—
Current Drawdown Current decline from peak	-0.33%	0.00%	-0.33%
Average Drawdown Average peak-to-trough decline	-5.20%	-4.91%	-0.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.15%	1.94%	+1.21%

Volatility

OUSM vs. SDOG - Volatility Comparison

OShares U.S. Small-Cap Quality Dividend ETF (OUSM) has a higher volatility of 3.89% compared to ALPS Sector Dividend Dogs ETF (SDOG) at 3.34%. This indicates that OUSM's price experiences larger fluctuations and is considered to be riskier than SDOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OUSM	SDOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.89%	3.34%	+0.55%
Volatility (6M) Calculated over the trailing 6-month period	9.31%	8.02%	+1.29%
Volatility (1Y) Calculated over the trailing 1-year period	13.26%	11.52%	+1.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.32%	15.44%	+0.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.92%	19.06%	-0.14%

OUSM vs. SDOG - Expense Ratio Comparison

OUSM has a 0.48% expense ratio, which is higher than SDOG's 0.36% expense ratio.

Dividends

OUSM vs. SDOG - Dividend Comparison

OUSM's dividend yield for the trailing twelve months is around 2.04%, less than SDOG's 3.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OUSM OShares U.S. Small-Cap Quality Dividend ETF	2.04%	2.09%	1.62%	1.64%	1.98%	1.55%	2.02%	1.99%	2.63%	2.17%	0.00%	0.00%
SDOG ALPS Sector Dividend Dogs ETF	3.26%	3.68%	3.86%	4.29%	3.87%	3.62%	3.63%	3.37%	4.03%	3.27%	3.32%	3.61%

Frequently Asked Questions

Can I hold both OUSM and SDOG in my portfolio?

OUSM and SDOG have a correlation of 0.76, 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 SDOG?

OUSM has higher volatility (3.89%) compared to SDOG (3.34%). In terms of maximum drawdown, OUSM dropped -39.84% vs SDOG's -43.56%.

Which ETF is better, OUSM or SDOG?

On 5-year performance, SDOG leads with 9.08% vs 7.57% for OUSM. On fees, SDOG is cheaper at 0.36% per year. On volatility, SDOG has been the lower-risk option at 3.34%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OUSM or SDOG?

Over the 5-year period, SDOG has performed better with a 9.08% return vs 7.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OUSM or SDOG?

SDOG is cheaper with a 0.36% expense ratio, compared with 0.48% for OUSM.

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

SDOG has the higher dividend yield at 3.26%, compared with 2.04% for OUSM.

What is the main difference between OUSM and SDOG?

OUSM is categorized as Small Cap Blend Equities, while SDOG is Large Cap Value Equities. OUSM tracks O'Shares US Small-Cap Quality Dividend Index, while SDOG tracks S-Network Sector Dividend Dogs Index. They also come from different issuers: O'Shares Investments and SS&C. Their fees differ too: 0.48% for OUSM and 0.36% for SDOG.

Which has better risk-adjusted returns?

SDOG currently has the higher Sharpe Ratio (2.30 vs 0.89), 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.