QUS vs. NITE

Last updated Jun 24, 2026

QUS (SPDR MSCI USA StrategicFactors ETF) and NITE (The Nightview Fund) are both Large Cap Growth Equities funds. QUS is passively managed, while NITE is actively managed. Over the past year, QUS returned 16.61% vs 20.23% for NITE. A 0.66 correlation means they provide meaningful diversification when combined. QUS charges 0.15%/yr vs 1.25%/yr for NITE.

Performance

QUS vs. NITE - Performance Comparison

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

Returns By Period

In the year-to-date period, QUS achieves a 5.81% return, which is significantly higher than NITE's -0.70% return.

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%

NITE

• 1D: -1.06%
• 1M: -4.33%
• YTD: -0.70%
• 6M: -2.70%
• 1Y: 20.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QUS vs. NITE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QUS SPDR MSCI USA StrategicFactors ETF	5.81%	14.13%	5.67%
NITE The Nightview Fund	-0.70%	22.57%	19.07%

Correlation

The correlation between QUS and NITE is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.63
Correlation (All Time) Calculated using the full available price history since Jun 24, 2024	0.66

The correlation between QUS and NITE has been stable across timeframes, ranging from 0.63 to 0.66 - a consistent structural relationship.

QUS vs. NITE - Sectors Allocation Comparison

Sectors	QUS	NITE
Technology	29.2%	29.8%
Financial Services	14.0%	16.3%
Healthcare	13.4%	3.8%
Communication Services	9.9%	11.9%
Consumer Defensive	8.7%	-
Industrials	8.2%	4.1%
Consumer Cyclical	5.5%	33.9%
Energy	4.2%	-
Utilities	3.4%	4.0%
Basic Materials	2.2%	-
Real Estate	1.3%	-

Return for Risk

QUS vs. NITE — Risk / Return Rank

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

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

NITE

NITE Risk / Return Rank: 29
NITE Sharpe Ratio Rank: 30
NITE Sortino Ratio Rank: 28
NITE Omega Ratio Rank: 28
NITE Calmar Ratio Rank: 29
NITE 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.

QUS vs. NITE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI USA StrategicFactors ETF (QUS) and The Nightview Fund (NITE). 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	NITE	Difference
Sharpe ratio: Return per unit of total volatility	1.81	0.99	+0.82
Sortino ratio: Return per unit of downside risk	2.58	1.44	+1.14
Omega ratio: Gain probability vs. loss probability	1.32	1.18	+0.15
Calmar ratio: Return relative to maximum drawdown	2.43	1.34	+1.09
Martin ratio: Return relative to average drawdown	10.76	4.12	+6.64

QUS vs. NITE - Sharpe Ratio Comparison

The current QUS Sharpe Ratio is 1.81, which is higher than the NITE Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of QUS and NITE, 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 vs. NITE - Drawdown Comparison

The maximum QUS drawdown since its inception was -33.78%, which is greater than NITE's maximum drawdown of -29.57%. Use the drawdown chart below to compare losses from any high point for QUS and NITE.

Drawdown Indicators

	QUS	NITE	Difference
Max Drawdown Largest peak-to-trough decline	-33.78%	-29.57%	-4.21%
Max Drawdown (1Y) Largest decline over 1 year	-6.85%	-15.16%	+8.31%
Max Drawdown (3Y) Largest decline over 3 years	-13.94%	—	—
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	-1.84%	-10.38%	+8.54%
Average Drawdown Average peak-to-trough decline	-3.69%	-5.38%	+1.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.55%	4.92%	-3.37%

Volatility

QUS vs. NITE - Volatility Comparison

The current volatility for SPDR MSCI USA StrategicFactors ETF (QUS) is 2.84%, while The Nightview Fund (NITE) has a volatility of 7.50%. This indicates that QUS experiences smaller price fluctuations and is considered to be less risky than NITE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QUS	NITE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.84%	7.50%	-4.66%
Volatility (6M) Calculated over the trailing 6-month period	6.98%	15.85%	-8.87%
Volatility (1Y) Calculated over the trailing 1-year period	9.24%	20.57%	-11.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.34%	26.72%	-12.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.43%	26.72%	-10.29%

QUS vs. NITE - Expense Ratio Comparison

QUS has a 0.15% expense ratio, which is lower than NITE's 1.25% expense ratio.

Dividends

QUS vs. NITE - Dividend Comparison

QUS's dividend yield for the trailing twelve months is around 1.32%, while NITE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NITE The Nightview Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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 QUS and NITE in my portfolio?

QUS and NITE have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QUS or NITE?

NITE has higher volatility (7.50%) compared to QUS (2.84%). In terms of maximum drawdown, QUS dropped -33.78% vs NITE's -29.57%.

Which ETF is better, QUS or NITE?

On 1-year performance, NITE leads with 20.23% vs 16.61% 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, QUS or NITE?

Over the 1-year period, NITE has performed better with a 20.23% return vs 16.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QUS or NITE?

QUS is cheaper with a 0.15% expense ratio, compared with 1.25% for NITE.

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

QUS has the higher dividend yield at 1.32%, compared with 0.00% for NITE.

What is the main difference between QUS and NITE?

They also come from different issuers: State Street and Nightview. Their fees differ too: 0.15% for QUS and 1.25% for NITE.

Which has better risk-adjusted returns?

QUS currently has the higher Sharpe Ratio (1.81 vs 0.99), 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.