QUSA vs. QQQM

Last updated Jun 3, 2026

QUSA (VistaShares Target 15™ USA Quality Income ETF) and QQQM (Invesco NASDAQ 100 ETF) are both exchange-traded funds - QUSA is a Derivative Income fund actively managed by VistaShares, while QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index. QUSA is actively managed, while QQQM is passively managed. Over the past year, QUSA returned 3.84% vs 43.37% for QQQM. A 0.61 correlation means they provide meaningful diversification when combined. QUSA charges 0.95%/yr vs 0.15%/yr for QQQM.

Performance

QUSA vs. QQQM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VistaShares Target 15™ USA Quality Income ETF (QUSA) and Invesco NASDAQ 100 ETF (QQQM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QUSA achieves a 9.80% return, which is significantly lower than QQQM's 21.64% return.

QUSA

• 1D: 0.40%
• 1M: 3.64%
• YTD: 9.80%
• 6M: 10.73%
• 1Y: 3.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQM

• 1D: 0.46%
• 1M: 10.70%
• YTD: 21.64%
• 6M: 20.29%
• 1Y: 43.37%
• 3Y*: 28.98%
• 5Y*: 18.52%
• 10Y*: —

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

QUSA vs. QQQM - Yearly Performance Comparison

	2026 (YTD)	2025
QUSA VistaShares Target 15™ USA Quality Income ETF	9.80%	-3.15%
QQQM Invesco NASDAQ 100 ETF	21.64%	28.11%

Correlation

The correlation between QUSA and QQQM 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 May 7, 2025	0.61

The correlation between QUSA and QQQM has been stable across timeframes, ranging from 0.61 to 0.63 - a consistent structural relationship.

QUSA vs. QQQM - Sectors Allocation Comparison

Sectors	QUSA	QQQM
Technology	36.9%	53.8%
Consumer Defensive	17.7%	7.7%
Communication Services	13.3%	15.8%
Financial Services	12.8%	0.2%
Industrials	11.1%	2.8%
Healthcare	8.2%	4.2%
Basic Materials	-	1.1%
Consumer Cyclical	-	12.3%
Energy	-	0.6%
Real Estate	-	0.1%
Utilities	-	1.4%

Return for Risk

QUSA vs. QQQM — Risk / Return Rank

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

QUSA

QUSA Risk / Return Rank: 13
QUSA Sharpe Ratio Rank: 14
QUSA Sortino Ratio Rank: 14
QUSA Omega Ratio Rank: 14
QUSA Calmar Ratio Rank: 13
QUSA Martin Ratio Rank: 13

QQQM

QQQM Risk / Return Rank: 77
QQQM Sharpe Ratio Rank: 83
QQQM Sortino Ratio Rank: 78
QQQM Omega Ratio Rank: 78
QQQM Calmar Ratio Rank: 73
QQQM Martin Ratio Rank: 74

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.

QUSA vs. QQQM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VistaShares Target 15™ USA Quality Income ETF (QUSA) and Invesco NASDAQ 100 ETF (QQQM). 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.

	QUSA	QQQM	Difference
Sharpe ratio Return per unit of total volatility	0.37	2.74	-2.37
Sortino ratio Return per unit of downside risk	0.61	3.56	-2.95
Omega ratio Gain probability vs. loss probability	1.07	1.47	-0.40
Calmar ratio Return relative to maximum drawdown	0.38	3.72	-3.34
Martin ratio Return relative to average drawdown	0.90	14.29	-13.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QUSA vs. QQQM - Sharpe Ratio Comparison

The current QUSA Sharpe Ratio is 0.37, which is lower than the QQQM Sharpe Ratio of 2.74. The chart below compares the historical Sharpe Ratios of QUSA and QQQM, 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

	QUSA	QQQM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.37	2.74	-2.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.84	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.85	-0.28

Drawdowns

QUSA vs. QQQM - Drawdown Comparison

The maximum QUSA drawdown since its inception was -10.64%, smaller than the maximum QQQM drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for QUSA and QQQM.

Drawdown Indicators

	QUSA	QQQM	Difference
Max Drawdown Largest peak-to-trough decline	-10.64%	-35.04%	+24.40%
Max Drawdown (1Y) Largest decline over 1 year	-10.12%	-11.96%	+1.84%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.70%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.04%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.87%	-8.26%	+4.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.25%	3.11%	+1.14%

Volatility

QUSA vs. QQQM - Volatility Comparison

The current volatility for VistaShares Target 15™ USA Quality Income ETF (QUSA) is 2.40%, while Invesco NASDAQ 100 ETF (QQQM) has a volatility of 4.47%. This indicates that QUSA experiences smaller price fluctuations and is considered to be less risky than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QUSA	QQQM	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.40%	4.47%	-2.07%
Volatility (6M) Calculated over the trailing 6-month period	8.17%	12.06%	-3.89%
Volatility (1Y) Calculated over the trailing 1-year period	10.35%	15.92%	-5.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.37%	22.24%	-11.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.37%	22.13%	-11.76%

QUSA vs. QQQM - Expense Ratio Comparison

QUSA has a 0.95% expense ratio, which is higher than QQQM's 0.15% expense ratio.

Dividends

QUSA vs. QQQM - Dividend Comparison

QUSA's dividend yield for the trailing twelve months is around 12.47%, more than QQQM's 0.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
QQQM Invesco NASDAQ 100 ETF	0.41%	0.50%	0.61%	0.65%	0.83%	0.40%	0.16%
QUSA VistaShares Target 15™ USA Quality Income ETF	12.47%	6.61%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QUSA and QQQM in my portfolio?

QUSA and QQQM 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, QUSA or QQQM?

QQQM has higher volatility (4.47%) compared to QUSA (2.40%). In terms of maximum drawdown, QUSA dropped -10.64% vs QQQM's -35.04%.

Which ETF is better, QUSA or QQQM?

On 1-year performance, QQQM leads with 43.37% vs 3.84% for QUSA. On fees, QQQM is cheaper at 0.15% per year. On volatility, QUSA has been the lower-risk option at 2.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QUSA or QQQM?

Over the 1-year period, QQQM has performed better with a 43.37% return vs 3.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QUSA or QQQM?

QQQM is cheaper with a 0.15% expense ratio, compared with 0.95% for QUSA.

Which ETF pays a higher dividend yield, QUSA or QQQM?

QUSA has the higher dividend yield at 12.47%, compared with 0.41% for QQQM.

What is the main difference between QUSA and QQQM?

QUSA is categorized as Derivative Income, while QQQM is Nasdaq-100. They also come from different issuers: VistaShares and Invesco. Their fees differ too: 0.95% for QUSA and 0.15% for QQQM.

Which has better risk-adjusted returns?

QQQM currently has the higher Sharpe Ratio (2.74 vs 0.37), 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.