QUS vs. GQGU

Last updated Apr 2, 2026

Compare and contrast key facts about SPDR MSCI USA StrategicFactors ETF (QUS) and GQG US Equity ETF (GQGU).

QUS and GQGU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QUS is a passively managed fund by State Street that tracks the performance of the MSCI USA Factor Mix A-Series Capped (USD). It was launched on Apr 16, 2015. GQGU is an actively managed fund by GQG Partners. It was launched on Jul 14, 2025.

Performance

QUS vs. GQGU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR MSCI USA StrategicFactors ETF (QUS) and GQG US Equity ETF (GQGU). The values are adjusted to include any dividend payments, if applicable.

QUS vs. GQGU - Yearly Performance Comparison

	2026 (YTD)	2025
QUS SPDR MSCI USA StrategicFactors ETF	-1.11%	7.50%
GQGU GQG US Equity ETF	8.19%	-1.14%

Returns By Period

In the year-to-date period, QUS achieves a -1.11% return, which is significantly lower than GQGU's 8.19% return.

QUS

• 1D: 0.36%
• 1M: -4.55%
• YTD: -1.11%
• 6M: 1.20%
• 1Y: 11.64%
• 3Y*: 15.88%
• 5Y*: 10.63%
• 10Y*: 12.92%

GQGU

• 1D: -1.30%
• 1M: -3.10%
• YTD: 8.19%
• 6M: 6.64%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QUS vs. GQGU - Expense Ratio Comparison

QUS has a 0.15% expense ratio, which is lower than GQGU's 0.49% expense ratio.

GQGU

GQG US Equity ETF

QUS

SPDR MSCI USA StrategicFactors ETF

Return for Risk

QUS vs. GQGU — Risk / Return Rank

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

QUS

QUS Risk / Return Rank: 44
QUS Sharpe Ratio Rank: 41
QUS Sortino Ratio Rank: 42
QUS Omega Ratio Rank: 45
QUS Calmar Ratio Rank: 41
QUS Martin Ratio Rank: 53

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 vs. GQGU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI USA StrategicFactors ETF (QUS) and GQG US Equity ETF (GQGU). 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.

	QUS	GQGU	Difference
Sharpe ratio Return per unit of total volatility	0.81	—	—
Sortino ratio Return per unit of downside risk	1.23	—	—
Omega ratio Gain probability vs. loss probability	1.18	—	—
Calmar ratio Return relative to maximum drawdown	1.11	—	—
Martin ratio Return relative to average drawdown	5.43	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	QUS	GQGU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.81	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.79	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	1.02	-0.29

Correlation

The correlation between QUS and GQGU is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

QUS vs. GQGU - Dividend Comparison

QUS's dividend yield for the trailing twelve months is around 1.40%, more than GQGU's 0.94% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QUS SPDR MSCI USA StrategicFactors ETF	1.40%	1.38%	1.49%	1.57%	1.68%	1.27%	1.73%	1.81%	2.12%	1.86%	2.07%	1.48%
GQGU GQG US Equity ETF	0.94%	1.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

QUS vs. GQGU - Drawdown Comparison

The maximum QUS drawdown since its inception was -33.78%, which is greater than GQGU's maximum drawdown of -6.65%. Use the drawdown chart below to compare losses from any high point for QUS and GQGU.

Drawdown Indicators

	QUS	GQGU	Difference
Max Drawdown Largest peak-to-trough decline	-33.78%	-6.65%	-27.13%
Max Drawdown (1Y) Largest decline over 1 year	-10.42%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-22.30%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.78%	—	—
Current Drawdown Current decline from peak	-4.68%	-3.24%	-1.44%
Average Drawdown Average peak-to-trough decline	-3.75%	-2.21%	-1.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.13%	—	—

Volatility

Volatility by Period

	QUS	GQGU	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.78%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.13%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.48%	9.66%	+4.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.37%	9.66%	+4.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.41%	9.66%	+6.75%