QUS vs. QARP

Last updated Jun 4, 2026

QUS (SPDR MSCI USA StrategicFactors ETF) and QARP (Xtrackers Russell 1000 US Quality at a Reasonable Price ETF) are both Large Cap Growth Equities funds - QUS tracks the MSCI USA Factor Mix A-Series Capped (USD) while QARP tracks the Russell 1000 2Qual/Val 5% Capped Factor Index. Both are passively managed. Over the past 5 years, QUS returned 11.08%/yr vs 12.06%/yr for QARP. Their correlation of 0.93 suggests significant overlap in exposure. QUS charges 0.15%/yr vs 0.19%/yr for QARP.

Performance

QUS vs. QARP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR MSCI USA StrategicFactors ETF (QUS) and Xtrackers Russell 1000 US Quality at a Reasonable Price ETF (QARP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QUS achieves a 6.67% return, which is significantly lower than QARP's 10.34% return.

QUS

• 1D: -0.43%
• 1M: 2.68%
• YTD: 6.67%
• 6M: 6.93%
• 1Y: 17.65%
• 3Y*: 17.53%
• 5Y*: 11.08%
• 10Y*: 13.67%

QARP

• 1D: -0.05%
• 1M: 2.39%
• YTD: 10.34%
• 6M: 10.57%
• 1Y: 25.02%
• 3Y*: 18.54%
• 5Y*: 12.06%
• 10Y*: —

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

QUS vs. QARP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
QUS SPDR MSCI USA StrategicFactors ETF	6.67%	14.13%	18.99%	21.78%	-14.15%	26.72%	12.40%	32.45%	-3.28%
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF	10.34%	13.99%	18.94%	23.03%	-14.62%	31.82%	14.83%	30.70%	-5.53%

Correlation

The correlation between QUS and QARP is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Apr 6, 2018	0.93

The correlation between QUS and QARP has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.

QUS vs. QARP - Sectors Allocation Comparison

Sectors	QUS	QARP
Technology	26.3%	21.9%
Financial Services	14.6%	9.9%
Healthcare	13.4%	11.3%
Communication Services	10.2%	14.7%
Consumer Defensive	9.2%	10.5%
Industrials	8.6%	9.0%
Consumer Cyclical	5.8%	13.2%
Energy	4.6%	6.5%
Utilities	3.6%	0.3%
Basic Materials	2.3%	2.1%
Real Estate	1.4%	0.6%

Return for Risk

QUS vs. QARP — 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: 56
QUS Sortino Ratio Rank: 58
QUS Omega Ratio Rank: 55
QUS Calmar Ratio Rank: 52
QUS Martin Ratio Rank: 63

QARP

QARP Risk / Return Rank: 75
QARP Sharpe Ratio Rank: 74
QARP Sortino Ratio Rank: 77
QARP Omega Ratio Rank: 72
QARP Calmar Ratio Rank: 70
QARP Martin Ratio Rank: 80

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. QARP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI USA StrategicFactors ETF (QUS) and Xtrackers Russell 1000 US Quality at a Reasonable Price ETF (QARP). 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	QARP	Difference
Sharpe ratio Return per unit of total volatility	1.95	2.43	-0.48
Sortino ratio Return per unit of downside risk	2.81	3.46	-0.66
Omega ratio Gain probability vs. loss probability	1.35	1.43	-0.08
Calmar ratio Return relative to maximum drawdown	2.59	3.46	-0.87
Martin ratio Return relative to average drawdown	11.54	15.79	-4.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QUS vs. QARP - Sharpe Ratio Comparison

The current QUS Sharpe Ratio is 1.95, which is comparable to the QARP Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of QUS and QARP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QUS	QARP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.95	2.43	-0.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.78	0.78	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.83	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.77	0.72	+0.05

Drawdowns

QUS vs. QARP - Drawdown Comparison

The maximum QUS drawdown since its inception was -33.78%, roughly equal to the maximum QARP drawdown of -35.44%. Use the drawdown chart below to compare losses from any high point for QUS and QARP.

Drawdown Indicators

	QUS	QARP	Difference
Max Drawdown Largest peak-to-trough decline	-33.78%	-35.44%	+1.66%
Max Drawdown (1Y) Largest decline over 1 year	-6.85%	-7.26%	+0.41%
Max Drawdown (3Y) Largest decline over 3 years	-13.94%	-15.65%	+1.71%
Max Drawdown (5Y) Largest decline over 5 years	-22.30%	-22.75%	+0.45%
Max Drawdown (10Y) Largest decline over 10 years	-33.78%	—	—
Current Drawdown Current decline from peak	-0.50%	-0.98%	+0.48%
Average Drawdown Average peak-to-trough decline	-3.70%	-4.44%	+0.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.53%	1.59%	-0.06%

Volatility

QUS vs. QARP - Volatility Comparison

The current volatility for SPDR MSCI USA StrategicFactors ETF (QUS) is 1.78%, while Xtrackers Russell 1000 US Quality at a Reasonable Price ETF (QARP) has a volatility of 2.21%. This indicates that QUS experiences smaller price fluctuations and is considered to be less risky than QARP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QUS	QARP	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.78%	2.21%	-0.43%
Volatility (6M) Calculated over the trailing 6-month period	6.66%	7.71%	-1.05%
Volatility (1Y) Calculated over the trailing 1-year period	9.09%	10.36%	-1.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.33%	15.51%	-1.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.42%	19.65%	-3.23%

QUS vs. QARP - Expense Ratio Comparison

QUS has a 0.15% expense ratio, which is lower than QARP's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

QUS vs. QARP - Dividend Comparison

QUS's dividend yield for the trailing twelve months is around 1.31%, more than QARP's 1.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF	1.03%	1.14%	1.39%	1.28%	1.68%	1.34%	1.61%	1.85%	1.39%	0.00%	0.00%	0.00%
QUS SPDR MSCI USA StrategicFactors ETF	1.31%	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 QARP in my portfolio?

With a correlation of 0.91, QUS and QARP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, QUS or QARP?

QARP has higher volatility (2.21%) compared to QUS (1.78%). In terms of maximum drawdown, QUS dropped -33.78% vs QARP's -35.44%.

Which ETF is better, QUS or QARP?

On 5-year performance, QARP leads with 12.06% vs 11.08% for QUS. On fees, QUS is cheaper at 0.15% per year. On volatility, QUS has been the lower-risk option at 1.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QUS or QARP?

Over the 5-year period, QARP has performed better with a 12.06% return vs 11.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QUS or QARP?

QUS is cheaper with a 0.15% expense ratio, compared with 0.19% for QARP.

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

QUS has the higher dividend yield at 1.31%, compared with 1.03% for QARP.

What is the main difference between QUS and QARP?

QUS tracks MSCI USA Factor Mix A-Series Capped (USD), while QARP tracks Russell 1000 2Qual/Val 5% Capped Factor Index. They also come from different issuers: State Street and Deutsche Bank. Their fees differ too: 0.15% for QUS and 0.19% for QARP.

Which has better risk-adjusted returns?

QARP currently has the higher Sharpe Ratio (2.43 vs 1.95), 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.