QNXT vs. OUSA
QNXT (iShares Nasdaq-100 ex Top 30 ETF) and OUSA (OShares U.S. Quality Dividend ETF) are both exchange-traded funds - QNXT is a Nasdaq-100 fund tracking the Nasdaq-100 ex Top 30 UCITS Index, while OUSA is a Quality Factor fund tracking the O'Shares US Quality Dividend Index. Both are passively managed. Over the past year, QNXT returned 19.18% vs 15.60% for OUSA. Their 0.60 correlation means they have sometimes moved together and sometimes differently. QNXT charges 0.20%/yr vs 0.48%/yr for OUSA.
Performance
QNXT vs. OUSA - Performance Comparison
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Returns By Period
In the year-to-date period, QNXT achieves a 11.66% return, which is significantly higher than OUSA's 6.53% return.
QNXT
- 1D
- 0.31%
- 1M
- -1.59%
- 6M
- 10.52%
- YTD
- 11.66%
- 1Y
- 19.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.50%
OUSA
- 1D
- 0.11%
- 1M
- 1.87%
- 6M
- 4.63%
- YTD
- 6.53%
- 1Y
- 15.60%
- 3Y*
- 12.64%
- 5Y*
- 8.87%
- 10Y*
- 10.36%
- ALL TIME*
- 10.68%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $914.72K | $1.31M | $1.45M | |
| $144.28K | $565.98K | $233.71K |
QNXT vs. OUSA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QNXT iShares Nasdaq-100 ex Top 30 ETF | 11.66% | 14.97% | -2.58% |
OUSA OShares U.S. Quality Dividend ETF | 6.53% | 10.23% | -1.23% |
Correlation
The correlation between QNXT and OUSA is 0.54, 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. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2024 | 0.60 |
The correlation between QNXT and OUSA has been stable across timeframes, ranging from 0.54 to 0.60 - a consistent structural relationship.
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Return for Risk
QNXT vs. OUSA — Risk / Return Rank
QNXT
OUSA
QNXT vs. OUSA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Nasdaq-100 ex Top 30 ETF (QNXT) and OShares U.S. Quality Dividend ETF (OUSA). 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.
| QNXT | OUSA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.26 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 1.78 | -0.06 |
| Martin ratioReturn relative to average drawdown | 5.22 | 6.23 | -1.01 |
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Drawdowns
QNXT vs. OUSA - Drawdown Comparison
The maximum QNXT drawdown since its inception was -22.25%, smaller than the maximum OUSA drawdown of -33.12%. Use the drawdown chart below to compare losses from any high point for QNXT and OUSA.
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Drawdown Indicators
| QNXT | OUSA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.25% | -33.12% | +10.87% |
Max Drawdown (1Y)Largest decline over 1 year | -10.16% | -8.36% | -1.80% |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.14% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.54% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.12% | — |
Current DrawdownCurrent decline from peak | -4.06% | -0.75% | -3.31% |
Average DrawdownAverage peak-to-trough decline | -3.75% | -3.50% | -0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.35% | 2.39% | +0.96% |
Volatility
QNXT vs. OUSA - Volatility Comparison
The current volatility for iShares Nasdaq-100 ex Top 30 ETF (QNXT) is 3.59%, while OShares U.S. Quality Dividend ETF (OUSA) has a volatility of 4.00%. This indicates that QNXT experiences smaller price fluctuations and is considered to be less risky than OUSA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QNXT | OUSA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.59% | 4.00% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 12.02% | 8.11% | +3.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.12% | 10.27% | +5.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.55% | 13.38% | +6.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.55% | 15.19% | +4.36% |
QNXT vs. OUSA - Expense Ratio Comparison
QNXT has a 0.20% expense ratio, which is lower than OUSA's 0.48% expense ratio.
Dividends
QNXT vs. OUSA - Dividend Comparison
QNXT's dividend yield for the trailing twelve months is around 0.68%, less than OUSA's 1.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OUSA OShares U.S. Quality Dividend ETF | 1.36% | 1.39% | 1.50% | 1.81% | 1.92% | 1.56% | 2.03% | 2.31% | 3.06% | 2.15% | 2.32% | 1.17% |
QNXT iShares Nasdaq-100 ex Top 30 ETF | 0.68% | 0.64% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QNXT and OUSA have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OUSA has higher volatility (4.00%) compared to QNXT (3.59%). In terms of maximum drawdown, QNXT dropped -22.25% vs OUSA's -33.12%.
On 1-year performance, QNXT leads with 19.18% vs 15.60% for OUSA. On fees, QNXT is cheaper at 0.20% per year. On volatility, QNXT has been the lower-risk option at 3.59%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QNXT has performed better with a 19.18% return vs 15.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QNXT is cheaper with a 0.20% expense ratio, compared with 0.48% for OUSA.
OUSA has the higher dividend yield at 1.36%, compared with 0.68% for QNXT.
QNXT is categorized as Nasdaq-100, while OUSA is Quality Factor. QNXT tracks Nasdaq-100 ex Top 30 UCITS Index, while OUSA tracks O'Shares US Quality Dividend Index. They also come from different issuers: iShares and O'Shares Investments. Their fees differ too: 0.20% for QNXT and 0.48% for OUSA.
OUSA currently has the higher Sharpe Ratio (1.46 vs 1.09), 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.
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