PBUS vs. QARP

Last updated Jul 17, 2026

PBUS (Invesco PureBeta MSCI USA ETF) and QARP (Xtrackers Russell 1000 US Quality at a Reasonable Price ETF) are both Large Cap Growth Equities funds - PBUS tracks the MSCI USA Index while QARP tracks the Russell 1000 2Qual/Val 5% Capped Factor Index. Both are passively managed. Over the past 5 years, PBUS returned 12.84%/yr vs 12.09%/yr for QARP. Their correlation of 0.87 suggests significant overlap in exposure. PBUS charges 0.04%/yr vs 0.19%/yr for QARP.

Performance

PBUS vs. QARP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco PureBeta MSCI USA ETF (PBUS) and Xtrackers Russell 1000 US Quality at a Reasonable Price ETF (QARP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PBUS achieves a 10.61% return, which is significantly lower than QARP's 12.78% return.

PBUS

• 1D: -0.54%
• 1M: 0.45%
• 6M: 8.97%
• YTD: 10.61%
• 1Y: 21.24%
• 3Y*: 20.13%
• 5Y*: 12.84%
• 10Y*: —

QARP

• 1D: 0.71%
• 1M: 1.10%
• 6M: 9.34%
• YTD: 12.78%
• 1Y: 25.00%
• 3Y*: 17.33%
• 5Y*: 12.09%
• 10Y*: —

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

PBUS vs. QARP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
PBUS Invesco PureBeta MSCI USA ETF	10.61%	17.58%	24.99%	27.33%	-19.64%	26.77%	21.75%	31.60%	-2.79%
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF	12.78%	13.99%	18.94%	23.03%	-14.62%	31.82%	14.83%	30.70%	-5.53%

Correlation

The correlation between PBUS and QARP is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since Apr 5, 2018	0.87

The correlation between PBUS and QARP has been stable across timeframes, ranging from 0.87 to 0.93 - a consistent structural relationship.

PBUS vs. QARP - Sectors Allocation Comparison

Sectors	PBUS	QARP
Technology	38.9%	23.5%
Financial Services	10.9%	12.1%
Communication Services	10.7%	11.3%
Consumer Cyclical	9.9%	9.6%
Healthcare	8.4%	13.9%
Industrials	8.1%	8.5%
Consumer Defensive	4.4%	9.6%
Energy	3.2%	5.8%
Utilities	2.0%	2.0%
Real Estate	1.8%	1.0%
Basic Materials	1.7%	2.3%

Return for Risk

PBUS vs. QARP — Risk / Return Rank

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

PBUS

PBUS Risk / Return Rank: 63
PBUS Sharpe Ratio Rank: 63
PBUS Sortino Ratio Rank: 61
PBUS Omega Ratio Rank: 63
PBUS Calmar Ratio Rank: 58
PBUS Martin Ratio Rank: 71

QARP

QARP Risk / Return Rank: 87
QARP Sharpe Ratio Rank: 90
QARP Sortino Ratio Rank: 89
QARP Omega Ratio Rank: 88
QARP Calmar Ratio Rank: 82
QARP Martin Ratio Rank: 89

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.

PBUS vs. QARP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco PureBeta MSCI USA ETF (PBUS) and Xtrackers Russell 1000 US Quality at a Reasonable Price ETF (QARP). 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.

	PBUS	QARP	Difference
Sharpe ratio: Return per unit of total volatility	1.67	2.38	-0.70
Sortino ratio: Return per unit of downside risk	2.31	3.34	-1.03
Omega ratio: Gain probability vs. loss probability	1.30	1.43	-0.13
Calmar ratio: Return relative to maximum drawdown	2.36	3.46	-1.09
Martin ratio: Return relative to average drawdown	10.09	15.38	-5.29

PBUS vs. QARP - Sharpe Ratio Comparison

The current PBUS Sharpe Ratio is 1.67, which is comparable to the QARP Sharpe Ratio of 2.38. The chart below compares the historical Sharpe Ratios of PBUS and QARP, 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

PBUS vs. QARP - Drawdown Comparison

The maximum PBUS drawdown since its inception was -33.15%, smaller than the maximum QARP drawdown of -35.44%. Use the drawdown chart below to compare losses from any high point for PBUS and QARP.

Drawdown Indicators

	PBUS	QARP	Difference
Max Drawdown Largest peak-to-trough decline	-33.15%	-35.44%	+2.29%
Max Drawdown (1Y) Largest decline over 1 year	-9.02%	-7.26%	-1.76%
Max Drawdown (3Y) Largest decline over 3 years	-19.07%	-15.65%	-3.42%
Max Drawdown (5Y) Largest decline over 5 years	-25.40%	-22.75%	-2.65%
Current Drawdown Current decline from peak	-0.83%	0.00%	-0.83%
Average Drawdown Average peak-to-trough decline	-5.09%	-4.39%	-0.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.11%	1.63%	+0.48%

Volatility

PBUS vs. QARP - Volatility Comparison

Invesco PureBeta MSCI USA ETF (PBUS) has a higher volatility of 3.22% compared to Xtrackers Russell 1000 US Quality at a Reasonable Price ETF (QARP) at 2.76%. This indicates that PBUS's price experiences larger fluctuations and is considered to be riskier than QARP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PBUS	QARP	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.22%	2.76%	+0.46%
Volatility (6M) Calculated over the trailing 6-month period	10.17%	8.22%	+1.95%
Volatility (1Y) Calculated over the trailing 1-year period	12.76%	10.58%	+2.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.16%	15.54%	+1.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.28%	19.55%	-0.27%

PBUS vs. QARP - Expense Ratio Comparison

PBUS has a 0.04% expense ratio, which is lower than QARP's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

PBUS vs. QARP - Dividend Comparison

PBUS's dividend yield for the trailing twelve months is around 1.02%, which matches QARP's 1.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
PBUS Invesco PureBeta MSCI USA ETF	1.02%	1.05%	1.20%	1.36%	1.71%	0.98%	1.35%	1.53%	2.33%	0.50%
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF	1.02%	1.14%	1.39%	1.28%	1.68%	1.34%	1.61%	1.85%	1.39%	0.00%

Frequently Asked Questions

Can I hold both PBUS and QARP in my portfolio?

PBUS and QARP have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PBUS or QARP?

PBUS has higher volatility (3.22%) compared to QARP (2.76%). In terms of maximum drawdown, PBUS dropped -33.15% vs QARP's -35.44%.

Which ETF is better, PBUS or QARP?

On 5-year performance, PBUS leads with 12.84% vs 12.09% for QARP. On fees, PBUS is cheaper at 0.04% per year. On volatility, QARP has been the lower-risk option at 2.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PBUS or QARP?

Over the 5-year period, PBUS has performed better with a 12.84% return vs 12.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PBUS or QARP?

PBUS is cheaper with a 0.04% expense ratio, compared with 0.19% for QARP.

Which ETF pays a higher dividend yield, PBUS or QARP?

PBUS and QARP have nearly identical dividend yields, around 1.02%.

What is the main difference between PBUS and QARP?

PBUS tracks MSCI USA Index, while QARP tracks Russell 1000 2Qual/Val 5% Capped Factor Index. They also come from different issuers: Invesco and Deutsche Bank. Their fees differ too: 0.04% for PBUS and 0.19% for QARP.

Which has better risk-adjusted returns?

QARP currently has the higher Sharpe Ratio (2.38 vs 1.67), 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.