QUS.AX vs. QOZ.AX

Last updated Jul 16, 2026

QUS.AX (BetaShares S&P 500 Equal Weight ETF) and QOZ.AX (BetaShares FTSE RAFI Australia 200 ETF) are both exchange-traded funds - QUS.AX is a Global Equities fund tracking the BetaShares S&P 500 Equal Weight Index, while QOZ.AX is a Large Cap Value Equities fund tracking the FTSE RAFI Australia 200 Index. Both are passively managed. Over the past 10 years, QUS.AX returned 11.02%/yr vs 8.91%/yr for QOZ.AX. At a 0.44 correlation, their price movements are largely independent.

Performance

QUS.AX vs. QOZ.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in BetaShares S&P 500 Equal Weight ETF (QUS.AX) and BetaShares FTSE RAFI Australia 200 ETF (QOZ.AX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with QUS.AX having a 5.22% return and QOZ.AX slightly higher at 5.36%. Over the past 10 years, QUS.AX has outperformed QOZ.AX with an annualized return of 11.02%, while QOZ.AX has yielded a comparatively lower 8.91% annualized return.

QUS.AX

• 1D: -0.38%
• 1M: 1.18%
• 6M: 3.68%
• YTD: 5.22%
• 1Y: 8.63%
• 3Y*: 11.82%
• 5Y*: 9.37%
• 10Y*: 11.02%

QOZ.AX

• 1D: -0.13%
• 1M: -0.89%
• 6M: 4.91%
• YTD: 5.36%
• 1Y: 14.79%
• 3Y*: 11.72%
• 5Y*: 8.47%
• 10Y*: 8.91%

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

QUS.AX vs. QOZ.AX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QUS.AX BetaShares S&P 500 Equal Weight ETF	5.22%	4.12%	21.90%	11.82%	-5.88%	37.47%	-3.71%	28.14%	-0.86%	7.24%
QOZ.AX BetaShares FTSE RAFI Australia 200 ETF	5.36%	14.57%	8.09%	8.49%	3.17%	17.17%	-0.13%	18.60%	-5.96%	9.73%

Correlation

The correlation between QUS.AX and QOZ.AX is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.46
Correlation (10Y) Calculated over the trailing 10-year period	0.47
Correlation (All Time) Calculated using the full available price history since Dec 17, 2014	0.44

The correlation between QUS.AX and QOZ.AX shifts across timeframes, from 0.36 (1 year) to 0.47 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

QUS.AX vs. QOZ.AX — Risk / Return Rank

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

QUS.AX

QUS.AX Risk / Return Rank: 27
QUS.AX Sharpe Ratio Rank: 29
QUS.AX Sortino Ratio Rank: 27
QUS.AX Omega Ratio Rank: 26
QUS.AX Calmar Ratio Rank: 26
QUS.AX Martin Ratio Rank: 25

QOZ.AX

QOZ.AX Risk / Return Rank: 42
QOZ.AX Sharpe Ratio Rank: 45
QOZ.AX Sortino Ratio Rank: 43
QOZ.AX Omega Ratio Rank: 42
QOZ.AX Calmar Ratio Rank: 43
QOZ.AX Martin Ratio Rank: 36

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.

QUS.AX vs. QOZ.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BetaShares S&P 500 Equal Weight ETF (QUS.AX) and BetaShares FTSE RAFI Australia 200 ETF (QOZ.AX). 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.

	QUS.AX	QOZ.AX	Difference
Sharpe ratio: Return per unit of total volatility	0.89	1.32	-0.42
Sortino ratio: Return per unit of downside risk	1.30	1.85	-0.56
Omega ratio: Gain probability vs. loss probability	1.15	1.23	-0.08
Calmar ratio: Return relative to maximum drawdown	1.07	1.82	-0.75
Martin ratio: Return relative to average drawdown	2.72	4.58	-1.86

QUS.AX vs. QOZ.AX - Sharpe Ratio Comparison

The current QUS.AX Sharpe Ratio is 0.89, which is lower than the QOZ.AX Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of QUS.AX and QOZ.AX, 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

QUS.AX vs. QOZ.AX - Drawdown Comparison

The maximum QUS.AX drawdown since its inception was -29.54%, smaller than the maximum QOZ.AX drawdown of -37.05%. Use the drawdown chart below to compare losses from any high point for QUS.AX and QOZ.AX.

Drawdown Indicators

	QUS.AX	QOZ.AX	Difference
Max Drawdown Largest peak-to-trough decline	-29.54%	-37.05%	+7.51%
Max Drawdown (1Y) Largest decline over 1 year	-8.93%	-8.60%	-0.33%
Max Drawdown (3Y) Largest decline over 3 years	-14.85%	-13.67%	-1.18%
Max Drawdown (5Y) Largest decline over 5 years	-16.76%	-14.87%	-1.89%
Max Drawdown (10Y) Largest decline over 10 years	-29.54%	-37.05%	+7.51%
Current Drawdown Current decline from peak	-2.25%	-3.17%	+0.92%
Average Drawdown Average peak-to-trough decline	-4.40%	-4.61%	+0.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.57%	3.44%	+0.13%

Volatility

QUS.AX vs. QOZ.AX - Volatility Comparison

BetaShares S&P 500 Equal Weight ETF (QUS.AX) has a higher volatility of 3.06% compared to BetaShares FTSE RAFI Australia 200 ETF (QOZ.AX) at 2.43%. This indicates that QUS.AX's price experiences larger fluctuations and is considered to be riskier than QOZ.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QUS.AX	QOZ.AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.06%	2.43%	+0.63%
Volatility (6M) Calculated over the trailing 6-month period	8.40%	9.38%	-0.98%
Volatility (1Y) Calculated over the trailing 1-year period	10.77%	11.91%	-1.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.51%	12.87%	+0.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.83%	14.67%	+0.16%

Dividends

QUS.AX vs. QOZ.AX - Dividend Comparison

QUS.AX's dividend yield for the trailing twelve months is around 1.98%, less than QOZ.AX's 2.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QOZ.AX BetaShares FTSE RAFI Australia 200 ETF	2.26%	2.07%	2.42%	2.75%	4.97%	3.96%	3.30%	6.45%	4.28%	1.82%	3.62%	6.33%
QUS.AX BetaShares S&P 500 Equal Weight ETF	1.98%	2.10%	2.33%	2.28%	3.29%	1.85%	12.79%	4.07%	2.57%	1.47%	2.58%	1.68%

Frequently Asked Questions

Can I hold both QUS.AX and QOZ.AX in my portfolio?

QUS.AX and QOZ.AX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between QUS.AX and QOZ.AX?

QUS.AX is categorized as Global Equities, while QOZ.AX is Large Cap Value Equities. QUS.AX tracks BetaShares S&P 500 Equal Weight Index, while QOZ.AX tracks FTSE RAFI Australia 200 Index.