OUSM vs. SQLV

Last updated Aug 4, 2026

OUSM (OShares U.S. Small-Cap Quality Dividend ETF) and SQLV (Royce Quant Small-Cap Quality Value ETF) are both Quality Factor funds. OUSM is passively managed, while SQLV is actively managed. Over the past 5 years, OUSM returned 8.65%/yr vs 8.73%/yr for SQLV. Their 0.73 correlation means they have sometimes moved together and sometimes differently. OUSM charges 0.48%/yr vs 0.60%/yr for SQLV.

Performance

OUSM vs. SQLV - 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 Royce Quant Small-Cap Quality Value ETF (SQLV). 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 SQLV's 26.53% 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%

SQLV

• 1D: 2.40%
• 1M: 3.42%
• 6M: 19.47%
• YTD: 26.53%
• 1Y: 40.94%
• 3Y*: 13.50%
• 5Y*: 8.73%
• 10Y*: —
• ALL TIME*: 10.20%

*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
SQLV Royce Quant Small-Cap Quality Value ETF	$1.21M	$631.84K	$254.10K

OUSM vs. SQLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%	-10.60%	7.49%
SQLV Royce Quant Small-Cap Quality Value ETF	26.53%	2.50%	4.76%	21.21%	-12.86%	37.14%	7.13%	17.41%	-10.55%	8.84%

Correlation

The correlation between OUSM and SQLV is 0.81, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.82
Correlation (3Y) Balances recent behavior with more history.	0.88
Correlation (5Y) Shows whether the relationship held over a longer period.	0.86
Correlation (All Time) Calculated using the full available price history since Jul 13, 2017	0.73

The correlation between OUSM and SQLV shifts across timeframes, from 0.73 (all time) to 0.88 (3 years), reflecting how their relationship changes across market environments.

OUSM vs. SQLV - Sectors Allocation Comparison

Sectors	OUSM	SQLV
Industrials	24.2%	10.3%
Financial Services	21.7%	19.0%
Consumer Cyclical	21.0%	13.8%
Technology	11.4%	15.9%
Healthcare	8.0%	18.7%
Consumer Defensive	4.3%	7.4%
Utilities	4.1%	0.2%
Communication Services	3.5%	6.0%
Basic Materials	1.5%	3.8%
Energy	0.3%	4.0%
Real Estate	-	0.9%

Return for Risk

OUSM vs. SQLV — 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

SQLV

SQLV Risk / Return Rank: 90
SQLV Sharpe Ratio Rank: 91
SQLV Sortino Ratio Rank: 92
SQLV Omega Ratio Rank: 87
SQLV Calmar Ratio Rank: 93
SQLV Martin Ratio Rank: 89

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. SQLV - 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 Royce Quant Small-Cap Quality Value ETF (SQLV). 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	SQLV	Difference
Sharpe ratio: Return per unit of total volatility	1.33	2.38	-1.05
Sortino ratio: Return per unit of downside risk	2.10	3.46	-1.37
Omega ratio: Gain probability vs. loss probability	1.24	1.40	-0.17
Calmar ratio: Return relative to maximum drawdown	1.89	4.65	-2.76
Martin ratio: Return relative to average drawdown	5.58	14.61	-9.03

OUSM vs. SQLV - Sharpe Ratio Comparison

The current OUSM Sharpe Ratio is 1.33, which is lower than the SQLV Sharpe Ratio of 2.38. The chart below compares the historical Sharpe Ratios of OUSM and SQLV, 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. SQLV - Drawdown Comparison

The maximum OUSM drawdown since its inception was -39.84%, smaller than the maximum SQLV drawdown of -48.34%. Use the drawdown chart below to compare losses from any high point for OUSM and SQLV.

Drawdown Indicators

	OUSM	SQLV	Difference
Max Drawdown Largest peak-to-trough decline	-39.84%	-48.34%	+8.50%
Max Drawdown (1Y) Largest decline over 1 year	-9.21%	-8.84%	-0.37%
Max Drawdown (3Y) Largest decline over 3 years	-19.44%	-26.86%	+7.42%
Max Drawdown (5Y) Largest decline over 5 years	-19.44%	-26.86%	+7.42%
Current Drawdown Current decline from peak	-0.75%	0.00%	-0.75%
Average Drawdown Average peak-to-trough decline	-5.14%	-8.80%	+3.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.11%	2.81%	+0.30%

Volatility

OUSM vs. SQLV - Volatility Comparison

The current volatility for OShares U.S. Small-Cap Quality Dividend ETF (OUSM) is 4.17%, while Royce Quant Small-Cap Quality Value ETF (SQLV) has a volatility of 4.92%. This indicates that OUSM experiences smaller price fluctuations and is considered to be less risky than SQLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OUSM	SQLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.17%	4.92%	-0.75%
Volatility (6M) Calculated over the trailing 6-month period	9.36%	11.82%	-2.46%
Volatility (1Y) Calculated over the trailing 1-year period	13.13%	17.32%	-4.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.27%	20.90%	-4.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.85%	23.25%	-4.40%

OUSM vs. SQLV - Expense Ratio Comparison

OUSM has a 0.48% expense ratio, which is lower than SQLV's 0.60% expense ratio.

Dividends

OUSM vs. SQLV - Dividend Comparison

OUSM's dividend yield for the trailing twelve months is around 1.91%, more than SQLV's 0.93% 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%
SQLV Royce Quant Small-Cap Quality Value ETF	0.93%	1.15%	1.11%	1.09%	1.24%	1.12%	1.22%	1.20%	1.08%	0.40%

Frequently Asked Questions

Can I hold both OUSM and SQLV in my portfolio?

OUSM and SQLV have a correlation of 0.81, 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 SQLV?

SQLV has higher volatility (4.92%) compared to OUSM (4.17%). In terms of maximum drawdown, OUSM dropped -39.84% vs SQLV's -48.34%.

Which ETF is better, OUSM or SQLV?

On 5-year performance, SQLV leads with 8.73% vs 8.65% for OUSM. On fees, OUSM is cheaper at 0.48% 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 SQLV?

Over the 5-year period, SQLV has performed better with a 8.73% return vs 8.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OUSM or SQLV?

OUSM is cheaper with a 0.48% expense ratio, compared with 0.60% for SQLV.

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

OUSM has the higher dividend yield at 1.91%, compared with 0.93% for SQLV.

What is the main difference between OUSM and SQLV?

They also come from different issuers: O'Shares Investments and Franklin Templeton. Their fees differ too: 0.48% for OUSM and 0.60% for SQLV.

Which has better risk-adjusted returns?

SQLV currently has the higher Sharpe Ratio (2.38 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.