RECS vs. QARP

Last updated Jul 17, 2026

RECS (Columbia Research Enhanced Core ETF) and QARP (Xtrackers Russell 1000 US Quality at a Reasonable Price ETF) are both Large Cap Growth Equities funds - RECS tracks the Beta Advantage Research Enhanced U.S. Equity Index while QARP tracks the Russell 1000 2Qual/Val 5% Capped Factor Index. Both are passively managed. Over the past 5 years, RECS returned 14.04%/yr vs 12.09%/yr for QARP. Their correlation of 0.81 suggests significant overlap in exposure. RECS charges 0.15%/yr vs 0.19%/yr for QARP.

Performance

RECS vs. QARP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Research Enhanced Core ETF (RECS) 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, RECS achieves a 9.33% return, which is significantly lower than QARP's 12.78% return.

RECS

• 1D: 0.20%
• 1M: 1.96%
• 6M: 7.93%
• YTD: 9.33%
• 1Y: 21.22%
• 3Y*: 20.63%
• 5Y*: 14.04%
• 10Y*: 10.17%

QARP

• 1D: 0.71%
• 1M: 1.10%
• 6M: 9.34%
• YTD: 12.78%
• 1Y: 25.00%
• 3Y*: 17.33%
• 5Y*: 12.09%
• 10Y*: —

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

RECS vs. QARP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
RECS Columbia Research Enhanced Core ETF	9.33%	19.30%	26.27%	23.19%	-14.39%	32.73%	15.35%	-0.93%	0.00%
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF	12.78%	13.99%	18.94%	23.03%	-14.62%	31.82%	14.83%	30.70%	-5.53%

Correlation

The correlation between RECS and QARP is 0.86, 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	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (All Time) Calculated using the full available price history since Apr 5, 2018	0.81

The correlation between RECS and QARP shifts across timeframes, from 0.81 (all time) to 0.92 (5 years), reflecting how their relationship changes across market environments.

RECS vs. QARP - Sectors Allocation Comparison

Sectors	RECS	QARP
Technology	36.5%	23.5%
Financial Services	11.9%	12.1%
Communication Services	10.9%	11.3%
Consumer Cyclical	10.3%	9.6%
Healthcare	9.0%	13.9%
Industrials	6.6%	8.5%
Consumer Defensive	4.6%	9.6%
Energy	3.6%	5.8%
Real Estate	2.3%	1.0%
Utilities	2.2%	2.0%
Basic Materials	2.2%	2.3%

Return for Risk

RECS vs. QARP — Risk / Return Rank

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

RECS

RECS Risk / Return Rank: 66
RECS Sharpe Ratio Rank: 68
RECS Sortino Ratio Rank: 68
RECS Omega Ratio Rank: 65
RECS Calmar Ratio Rank: 60
RECS Martin Ratio Rank: 70

QARP

QARP Risk / Return Rank: 87
QARP Sharpe Ratio Rank: 90
QARP Sortino Ratio Rank: 89
QARP Omega Ratio Rank: 88
QARP Calmar Ratio Rank: 82
QARP Martin Ratio Rank: 89

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.

RECS vs. QARP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Research Enhanced Core ETF (RECS) 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.

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.

	RECS	QARP	Difference
Sharpe ratio: Return per unit of total volatility	1.77	2.38	-0.61
Sortino ratio: Return per unit of downside risk	2.46	3.34	-0.87
Omega ratio: Gain probability vs. loss probability	1.31	1.43	-0.12
Calmar ratio: Return relative to maximum drawdown	2.42	3.46	-1.04
Martin ratio: Return relative to average drawdown	10.06	15.38	-5.33

RECS vs. QARP - Sharpe Ratio Comparison

The current RECS Sharpe Ratio is 1.77, which is comparable to the QARP Sharpe Ratio of 2.38. The chart below compares the historical Sharpe Ratios of RECS 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.

Drawdowns

RECS vs. QARP - Drawdown Comparison

The maximum RECS drawdown since its inception was -34.29%, roughly equal to the maximum QARP drawdown of -35.44%. Use the drawdown chart below to compare losses from any high point for RECS and QARP.

Drawdown Indicators

	RECS	QARP	Difference
Max Drawdown Largest peak-to-trough decline	-34.29%	-35.44%	+1.15%
Max Drawdown (1Y) Largest decline over 1 year	-8.82%	-7.26%	-1.56%
Max Drawdown (3Y) Largest decline over 3 years	-18.60%	-15.65%	-2.95%
Max Drawdown (5Y) Largest decline over 5 years	-22.08%	-22.75%	+0.67%
Max Drawdown (10Y) Largest decline over 10 years	-34.29%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.28%	-4.39%	+3.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.11%	1.63%	+0.48%

Volatility

RECS vs. QARP - Volatility Comparison

Columbia Research Enhanced Core ETF (RECS) has a higher volatility of 2.96% compared to Xtrackers Russell 1000 US Quality at a Reasonable Price ETF (QARP) at 2.76%. This indicates that RECS's price experiences larger fluctuations and is considered to be riskier than QARP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RECS	QARP	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.96%	2.76%	+0.20%
Volatility (6M) Calculated over the trailing 6-month period	9.47%	8.22%	+1.25%
Volatility (1Y) Calculated over the trailing 1-year period	12.08%	10.58%	+1.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.43%	15.54%	+0.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.27%	19.55%	-3.28%

RECS vs. QARP - Expense Ratio Comparison

RECS 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

RECS vs. QARP - Dividend Comparison

RECS's dividend yield for the trailing twelve months is around 1.02%, which matches QARP's 1.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF	1.02%	1.14%	1.39%	1.28%	1.68%	1.34%	1.61%	1.85%	1.39%
RECS Columbia Research Enhanced Core ETF	1.02%	1.11%	1.09%	1.00%	1.41%	20.64%	1.09%	0.49%	0.00%

Frequently Asked Questions

Can I hold both RECS and QARP in my portfolio?

RECS and QARP have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RECS or QARP?

RECS has higher volatility (2.96%) compared to QARP (2.76%). In terms of maximum drawdown, RECS dropped -34.29% vs QARP's -35.44%.

Which ETF is better, RECS or QARP?

On 5-year performance, RECS leads with 14.04% vs 12.09% for QARP. On fees, RECS is cheaper at 0.15% per year. On volatility, QARP has been the lower-risk option at 2.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RECS or QARP?

Over the 5-year period, RECS has performed better with a 14.04% return vs 12.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RECS or QARP?

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

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

RECS and QARP have nearly identical dividend yields, around 1.02%.

What is the main difference between RECS and QARP?

RECS tracks Beta Advantage Research Enhanced U.S. Equity Index, while QARP tracks Russell 1000 2Qual/Val 5% Capped Factor Index. They also come from different issuers: Ameriprise Financial and Deutsche Bank. Their fees differ too: 0.15% for RECS and 0.19% for QARP.

Which has better risk-adjusted returns?

QARP currently has the higher Sharpe Ratio (2.38 vs 1.77), 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.