ROE vs. OUSA

Last updated Aug 4, 2026

ROE (Astoria US Equal Weight Quality Kings ETF) and OUSA (OShares U.S. Quality Dividend ETF) are both Quality Factor funds. ROE is actively managed, while OUSA is passively managed. Over the past 3 years, ROE returned 21.23%/yr vs 13.56%/yr for OUSA. Their 0.72 correlation means they have sometimes moved together and sometimes differently. ROE charges 0.49%/yr vs 0.48%/yr for OUSA.

Performance

ROE vs. OUSA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Astoria US Equal Weight Quality Kings ETF (ROE) and OShares U.S. Quality Dividend ETF (OUSA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ROE achieves a 21.52% return, which is significantly higher than OUSA's 7.09% return.

ROE

• 1D: 0.98%
• 1M: 1.61%
• 6M: 15.98%
• YTD: 21.52%
• 1Y: 34.66%
• 3Y*: 21.23%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 20.65%

OUSA

• 1D: 0.53%
• 1M: 2.40%
• 6M: 3.84%
• YTD: 7.09%
• 1Y: 16.21%
• 3Y*: 13.56%
• 5Y*: 8.96%
• 10Y*: 10.40%
• ALL TIME*: 10.73%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
OUSA OShares U.S. Quality Dividend ETF	$872.37K	$1.31M	$1.44M
ROE Astoria US Equal Weight Quality Kings ETF	$1.14M	$1.17M	$931.17K

ROE vs. OUSA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ROE Astoria US Equal Weight Quality Kings ETF	21.52%	17.20%	18.34%	4.31%
OUSA OShares U.S. Quality Dividend ETF	7.09%	10.23%	17.09%	3.68%

Correlation

The correlation between ROE and OUSA is 0.46, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.46
Correlation (3Y) Balances recent behavior with more history.	0.72
Correlation (All Time) Calculated using the full available price history since Aug 1, 2023	0.72

Over the past year, the correlation between ROE and OUSA has dropped to 0.46 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.

ROE vs. OUSA - Sectors Allocation Comparison

Sectors	ROE	OUSA
Technology	33.9%	23.7%
Financial Services	11.9%	18.6%
Communication Services	11.1%	10.3%
Consumer Cyclical	11.0%	13.1%
Healthcare	10.2%	15.1%
Industrials	9.0%	11.9%
Consumer Defensive	4.9%	7.4%
Energy	2.9%	-
Real Estate	2.0%	-
Utilities	2.0%	-
Basic Materials	1.0%	-

Return for Risk

ROE vs. OUSA — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ROE

ROE Risk / Return Rank: 90
ROE Sharpe Ratio Rank: 90
ROE Sortino Ratio Rank: 88
ROE Omega Ratio Rank: 87
ROE Calmar Ratio Rank: 90
ROE Martin Ratio Rank: 93

OUSA

OUSA Risk / Return Rank: 62
OUSA Sharpe Ratio Rank: 67
OUSA Sortino Ratio Rank: 72
OUSA Omega Ratio Rank: 65
OUSA Calmar Ratio Rank: 53
OUSA Martin Ratio Rank: 55

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ROE vs. OUSA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Astoria US Equal Weight Quality Kings ETF (ROE) and OShares U.S. Quality Dividend ETF (OUSA). 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.

	ROE	OUSA	Difference
Sharpe ratio: Return per unit of total volatility	2.32	1.59	+0.73
Sortino ratio: Return per unit of downside risk	3.09	2.41	+0.68
Omega ratio: Gain probability vs. loss probability	1.40	1.28	+0.12
Calmar ratio: Return relative to maximum drawdown	4.02	1.95	+2.08
Martin ratio: Return relative to average drawdown	17.11	6.80	+10.32

ROE vs. OUSA - Sharpe Ratio Comparison

The current ROE Sharpe Ratio is 2.32, which is higher than the OUSA Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of ROE and OUSA, 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

ROE vs. OUSA - Drawdown Comparison

The maximum ROE drawdown since its inception was -19.10%, smaller than the maximum OUSA drawdown of -33.12%. Use the drawdown chart below to compare losses from any high point for ROE and OUSA.

Drawdown Indicators

	ROE	OUSA	Difference
Max Drawdown Largest peak-to-trough decline	-19.10%	-33.12%	+14.02%
Max Drawdown (1Y) Largest decline over 1 year	-8.66%	-8.36%	-0.30%
Max Drawdown (3Y) Largest decline over 3 years	-19.10%	-13.14%	-5.96%
Max Drawdown (5Y) Largest decline over 5 years	—	-19.54%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.12%	—
Current Drawdown Current decline from peak	-0.34%	-0.23%	-0.11%
Average Drawdown Average peak-to-trough decline	-2.54%	-3.50%	+0.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	2.39%	-0.36%

Volatility

ROE vs. OUSA - Volatility Comparison

Astoria US Equal Weight Quality Kings ETF (ROE) and OShares U.S. Quality Dividend ETF (OUSA) have volatilities of 3.61% and 3.65%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ROE	OUSA	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.61%	3.65%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	11.74%	8.12%	+3.62%
Volatility (1Y) Calculated over the trailing 1-year period	15.05%	10.25%	+4.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.87%	13.38%	+2.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.87%	15.19%	+0.68%

ROE vs. OUSA - Expense Ratio Comparison

ROE has a 0.49% expense ratio, which is higher than OUSA's 0.48% expense ratio.

Dividends

ROE vs. OUSA - Dividend Comparison

ROE's dividend yield for the trailing twelve months is around 1.00%, less than OUSA's 1.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OUSA OShares U.S. Quality Dividend ETF	1.35%	1.39%	1.50%	1.81%	1.92%	1.56%	2.03%	2.31%	3.06%	2.15%	2.32%	1.17%
ROE Astoria US Equal Weight Quality Kings ETF	1.00%	0.97%	1.18%	0.68%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ROE and OUSA in my portfolio?

ROE and OUSA have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ROE or OUSA?

OUSA has higher volatility (3.65%) compared to ROE (3.61%). In terms of maximum drawdown, ROE dropped -19.10% vs OUSA's -33.12%.

Which ETF is better, ROE or OUSA?

On 3-year performance, ROE leads with 21.23% vs 13.56% for OUSA. On fees, OUSA is cheaper at 0.48% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ROE or OUSA?

Over the 3-year period, ROE has performed better with a 21.23% return vs 13.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ROE or OUSA?

OUSA is cheaper with a 0.48% expense ratio, compared with 0.49% for ROE.

Which ETF pays a higher dividend yield, ROE or OUSA?

OUSA has the higher dividend yield at 1.35%, compared with 1.00% for ROE.

What is the main difference between ROE and OUSA?

They also come from different issuers: Astoria and O'Shares Investments. Their fees differ too: 0.49% for ROE and 0.48% for OUSA.

Which has better risk-adjusted returns?

ROE currently has the higher Sharpe Ratio (2.32 vs 1.59), 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.