QARP vs. QUS

Last updated Jun 24, 2026

QARP (Xtrackers Russell 1000 US Quality at a Reasonable Price ETF) and QUS (SPDR MSCI USA StrategicFactors ETF) are both Large Cap Growth Equities funds - QARP tracks the Russell 1000 2Qual/Val 5% Capped Factor Index while QUS tracks the MSCI USA Factor Mix A-Series Capped (USD). Both are passively managed. Over the past 5 years, QARP returned 11.76%/yr vs 10.77%/yr for QUS. Their correlation of 0.93 suggests significant overlap in exposure. QARP charges 0.19%/yr vs 0.15%/yr for QUS.

Performance

QARP vs. QUS - Performance Comparison

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

Returns By Period

In the year-to-date period, QARP achieves a 9.07% return, which is significantly higher than QUS's 5.81% return.

QARP

• 1D: -0.90%
• 1M: -1.62%
• YTD: 9.07%
• 6M: 8.59%
• 1Y: 23.23%
• 3Y*: 17.59%
• 5Y*: 11.76%
• 10Y*: —

QUS

• 1D: -0.23%
• 1M: -1.12%
• YTD: 5.81%
• 6M: 5.18%
• 1Y: 16.61%
• 3Y*: 16.79%
• 5Y*: 10.77%
• 10Y*: 13.70%

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

QARP vs. QUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF	9.07%	13.99%	18.94%	23.03%	-14.62%	31.82%	14.83%	30.70%	-5.53%
QUS SPDR MSCI USA StrategicFactors ETF	5.81%	14.13%	18.99%	21.78%	-14.15%	26.72%	12.40%	32.45%	-2.78%

Correlation

The correlation between QARP and QUS is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Apr 5, 2018	0.93

The correlation between QARP and QUS has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.

QARP vs. QUS - Sectors Allocation Comparison

Sectors	QARP	QUS
Technology	24.6%	29.2%
Communication Services	14.4%	9.9%
Consumer Cyclical	13.1%	5.5%
Healthcare	10.9%	13.4%
Consumer Defensive	9.8%	8.7%
Financial Services	9.6%	14.0%
Industrials	8.8%	8.2%
Energy	6.0%	4.2%
Basic Materials	2.1%	2.2%
Real Estate	0.6%	1.3%
Utilities	0.3%	3.4%

Return for Risk

QARP vs. QUS — Risk / Return Rank

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

QARP

QARP Risk / Return Rank: 73
QARP Sharpe Ratio Rank: 73
QARP Sortino Ratio Rank: 74
QARP Omega Ratio Rank: 70
QARP Calmar Ratio Rank: 68
QARP Martin Ratio Rank: 79

QUS

QUS Risk / Return Rank: 57
QUS Sharpe Ratio Rank: 57
QUS Sortino Ratio Rank: 57
QUS Omega Ratio Rank: 55
QUS Calmar Ratio Rank: 52
QUS Martin Ratio Rank: 63

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.

QARP vs. QUS - Risk-Adjusted Trends Comparison

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

	QARP	QUS	Difference
Sharpe ratio: Return per unit of total volatility	2.18	1.81	+0.37
Sortino ratio: Return per unit of downside risk	3.08	2.58	+0.49
Omega ratio: Gain probability vs. loss probability	1.39	1.32	+0.06
Calmar ratio: Return relative to maximum drawdown	3.21	2.43	+0.78
Martin ratio: Return relative to average drawdown	14.41	10.76	+3.65

QARP vs. QUS - Sharpe Ratio Comparison

The current QARP Sharpe Ratio is 2.18, which is comparable to the QUS Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of QARP and QUS, 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

QARP vs. QUS - Drawdown Comparison

The maximum QARP drawdown since its inception was -35.44%, roughly equal to the maximum QUS drawdown of -33.78%. Use the drawdown chart below to compare losses from any high point for QARP and QUS.

Drawdown Indicators

	QARP	QUS	Difference
Max Drawdown Largest peak-to-trough decline	-35.44%	-33.78%	-1.66%
Max Drawdown (1Y) Largest decline over 1 year	-7.26%	-6.85%	-0.41%
Max Drawdown (3Y) Largest decline over 3 years	-15.65%	-13.94%	-1.71%
Max Drawdown (5Y) Largest decline over 5 years	-22.75%	-22.30%	-0.45%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.78%	—
Current Drawdown Current decline from peak	-2.39%	-1.84%	-0.55%
Average Drawdown Average peak-to-trough decline	-4.42%	-3.69%	-0.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.62%	1.55%	+0.07%

Volatility

QARP vs. QUS - Volatility Comparison

Xtrackers Russell 1000 US Quality at a Reasonable Price ETF (QARP) has a higher volatility of 3.65% compared to SPDR MSCI USA StrategicFactors ETF (QUS) at 2.84%. This indicates that QARP's price experiences larger fluctuations and is considered to be riskier than QUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QARP	QUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.65%	2.84%	+0.81%
Volatility (6M) Calculated over the trailing 6-month period	8.26%	6.98%	+1.28%
Volatility (1Y) Calculated over the trailing 1-year period	10.71%	9.24%	+1.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.55%	14.34%	+1.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.62%	16.43%	+3.19%

QARP vs. QUS - Expense Ratio Comparison

QARP has a 0.19% expense ratio, which is higher than QUS's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

QARP vs. QUS - Dividend Comparison

QARP's dividend yield for the trailing twelve months is around 1.05%, less than QUS's 1.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF	1.05%	1.14%	1.39%	1.28%	1.68%	1.34%	1.61%	1.85%	1.39%	0.00%	0.00%	0.00%
QUS SPDR MSCI USA StrategicFactors ETF	1.32%	1.38%	1.49%	1.57%	1.68%	1.27%	1.73%	1.81%	2.12%	1.86%	2.07%	1.48%

Frequently Asked Questions

Can I hold both QARP and QUS in my portfolio?

With a correlation of 0.91, QARP and QUS move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, QARP or QUS?

QARP has higher volatility (3.65%) compared to QUS (2.84%). In terms of maximum drawdown, QARP dropped -35.44% vs QUS's -33.78%.

Which ETF is better, QARP or QUS?

On 5-year performance, QARP leads with 11.76% vs 10.77% for QUS. On fees, QUS is cheaper at 0.15% per year. On volatility, QUS has been the lower-risk option at 2.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QARP or QUS?

Over the 5-year period, QARP has performed better with a 11.76% return vs 10.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QARP or QUS?

QUS is cheaper with a 0.15% expense ratio, compared with 0.19% for QARP.

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

QUS has the higher dividend yield at 1.32%, compared with 1.05% for QARP.

What is the main difference between QARP and QUS?

QARP tracks Russell 1000 2Qual/Val 5% Capped Factor Index, while QUS tracks MSCI USA Factor Mix A-Series Capped (USD). They also come from different issuers: Deutsche Bank and State Street. Their fees differ too: 0.19% for QARP and 0.15% for QUS.

Which has better risk-adjusted returns?

QARP currently has the higher Sharpe Ratio (2.18 vs 1.81), 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.