QSML vs. OUSM

Last updated Jun 23, 2026

QSML (Wisdomtree U.S. Smallcap Quality Growth Fund) and OUSM (OShares U.S. Small-Cap Quality Dividend ETF) are both exchange-traded funds - QSML is a Small Cap Growth Equities fund tracking the WisdomTree US SmallCap Quality Growth Index - Benchmark TR Gross, while OUSM is a Small Cap Blend Equities fund tracking the O'Shares US Small-Cap Quality Dividend Index. Both are passively managed. Over the past year, QSML returned 24.76% vs 13.79% for OUSM. Their correlation of 0.87 suggests significant overlap in exposure. QSML charges 0.38%/yr vs 0.48%/yr for OUSM.

Performance

QSML vs. OUSM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wisdomtree U.S. Smallcap Quality Growth Fund (QSML) and OShares U.S. Small-Cap Quality Dividend ETF (OUSM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QSML achieves a 10.29% return, which is significantly higher than OUSM's 8.33% return.

QSML

• 1D: -0.94%
• 1M: 2.97%
• YTD: 10.29%
• 6M: 7.69%
• 1Y: 24.76%
• 3Y*: —
• 5Y*: —
• 10Y*: —

OUSM

• 1D: 0.02%
• 1M: 1.06%
• YTD: 8.33%
• 6M: 6.41%
• 1Y: 13.79%
• 3Y*: 12.00%
• 5Y*: 8.27%
• 10Y*: —

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

QSML vs. OUSM - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QSML Wisdomtree U.S. Smallcap Quality Growth Fund	10.29%	5.49%	9.93%
OUSM OShares U.S. Small-Cap Quality Dividend ETF	8.33%	2.17%	13.42%

Correlation

The correlation between QSML and OUSM is 0.83, 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	0.83
Correlation (All Time) Calculated using the full available price history since Jan 25, 2024	0.87

The correlation between QSML and OUSM has been stable across timeframes, ranging from 0.83 to 0.87 - a consistent structural relationship.

QSML vs. OUSM - Sectors Allocation Comparison

Sectors	QSML	OUSM
Technology	20.1%	14.5%
Industrials	17.7%	22.2%
Consumer Cyclical	15.9%	19.5%
Financial Services	13.8%	20.4%
Healthcare	9.4%	9.9%
Energy	8.6%	0.3%
Consumer Defensive	7.0%	4.6%
Communication Services	3.8%	3.5%
Basic Materials	3.1%	1.3%
Real Estate	0.3%	-
Utilities	0.3%	3.8%

Return for Risk

QSML vs. OUSM — Risk / Return Rank

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

QSML

QSML Risk / Return Rank: 43
QSML Sharpe Ratio Rank: 41
QSML Sortino Ratio Rank: 43
QSML Omega Ratio Rank: 37
QSML Calmar Ratio Rank: 48
QSML Martin Ratio Rank: 47

OUSM

OUSM Risk / Return Rank: 30
OUSM Sharpe Ratio Rank: 30
OUSM Sortino Ratio Rank: 32
OUSM Omega Ratio Rank: 28
OUSM Calmar Ratio Rank: 31
OUSM Martin Ratio Rank: 31

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.

QSML vs. OUSM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wisdomtree U.S. Smallcap Quality Growth Fund (QSML) and OShares U.S. Small-Cap Quality Dividend ETF (OUSM). 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.

	QSML	OUSM	Difference
Sharpe ratio: Return per unit of total volatility	1.41	1.05	+0.36
Sortino ratio: Return per unit of downside risk	2.13	1.65	+0.48
Omega ratio: Gain probability vs. loss probability	1.24	1.19	+0.05
Calmar ratio: Return relative to maximum drawdown	2.32	1.50	+0.82
Martin ratio: Return relative to average drawdown	7.72	4.39	+3.33

QSML vs. OUSM - Sharpe Ratio Comparison

The current QSML Sharpe Ratio is 1.41, which is higher than the OUSM Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of QSML and OUSM, 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

QSML vs. OUSM - Drawdown Comparison

The maximum QSML drawdown since its inception was -28.54%, smaller than the maximum OUSM drawdown of -39.84%. Use the drawdown chart below to compare losses from any high point for QSML and OUSM.

Drawdown Indicators

	QSML	OUSM	Difference
Max Drawdown Largest peak-to-trough decline	-28.54%	-39.84%	+11.30%
Max Drawdown (1Y) Largest decline over 1 year	-10.72%	-9.21%	-1.51%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.44%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.44%	—
Current Drawdown Current decline from peak	-0.94%	-0.35%	-0.59%
Average Drawdown Average peak-to-trough decline	-5.87%	-5.19%	-0.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.22%	3.15%	+0.07%

Volatility

QSML vs. OUSM - Volatility Comparison

Wisdomtree U.S. Smallcap Quality Growth Fund (QSML) has a higher volatility of 4.69% compared to OShares U.S. Small-Cap Quality Dividend ETF (OUSM) at 3.30%. This indicates that QSML's price experiences larger fluctuations and is considered to be riskier than OUSM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QSML	OUSM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.69%	3.30%	+1.39%
Volatility (6M) Calculated over the trailing 6-month period	12.14%	9.33%	+2.81%
Volatility (1Y) Calculated over the trailing 1-year period	17.65%	13.19%	+4.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.79%	16.29%	+4.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.79%	18.91%	+1.88%

QSML vs. OUSM - Expense Ratio Comparison

QSML has a 0.38% expense ratio, which is lower than OUSM's 0.48% expense ratio.

Dividends

QSML vs. OUSM - Dividend Comparison

QSML's dividend yield for the trailing twelve months is around 0.56%, less than OUSM's 2.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
OUSM OShares U.S. Small-Cap Quality Dividend ETF	2.03%	2.09%	1.62%	1.64%	1.98%	1.55%	2.02%	1.99%	2.63%	2.17%
QSML Wisdomtree U.S. Smallcap Quality Growth Fund	0.56%	0.62%	0.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QSML and OUSM in my portfolio?

QSML and OUSM have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QSML or OUSM?

QSML has higher volatility (4.69%) compared to OUSM (3.30%). In terms of maximum drawdown, QSML dropped -28.54% vs OUSM's -39.84%.

Which ETF is better, QSML or OUSM?

On 1-year performance, QSML leads with 24.76% vs 13.79% for OUSM. On fees, QSML is cheaper at 0.38% per year. On volatility, OUSM has been the lower-risk option at 3.30%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QSML or OUSM?

Over the 1-year period, QSML has performed better with a 24.76% return vs 13.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QSML or OUSM?

QSML is cheaper with a 0.38% expense ratio, compared with 0.48% for OUSM.

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

OUSM has the higher dividend yield at 2.03%, compared with 0.56% for QSML.

What is the main difference between QSML and OUSM?

QSML is categorized as Small Cap Growth Equities, while OUSM is Small Cap Blend Equities. QSML tracks WisdomTree US SmallCap Quality Growth Index - Benchmark TR Gross, while OUSM tracks O'Shares US Small-Cap Quality Dividend Index. They also come from different issuers: WisdomTree and O'Shares Investments. Their fees differ too: 0.38% for QSML and 0.48% for OUSM.

Which has better risk-adjusted returns?

QSML currently has the higher Sharpe Ratio (1.41 vs 1.05), 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.