SHUS vs. QCLR

Last updated Jun 25, 2026

SHUS (Syntax Stratified U.S. Total Market Hedged ETF) and QCLR (Global X NASDAQ 100 Collar 95-110 ETF) are both exchange-traded funds - SHUS is a Hedge Fund fund actively managed by Syntax Advisors, while QCLR is a Nasdaq-100 fund tracking the NASDAQ-100 Quarterly Collar 95-110 Index. SHUS is actively managed, while QCLR is passively managed. Over the past year, SHUS returned 16.72% vs 7.72% for QCLR. A 0.52 correlation means they provide meaningful diversification when combined. SHUS charges 0.65%/yr vs 0.60%/yr for QCLR.

Performance

SHUS vs. QCLR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Syntax Stratified U.S. Total Market Hedged ETF (SHUS) and Global X NASDAQ 100 Collar 95-110 ETF (QCLR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SHUS achieves a 9.37% return, which is significantly higher than QCLR's -0.24% return.

SHUS

• 1D: 0.58%
• 1M: 1.33%
• YTD: 9.37%
• 6M: 8.27%
• 1Y: 16.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QCLR

• 1D: -0.45%
• 1M: -1.31%
• YTD: -0.24%
• 6M: -1.20%
• 1Y: 7.72%
• 3Y*: 13.69%
• 5Y*: —
• 10Y*: —

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

SHUS vs. QCLR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SHUS Syntax Stratified U.S. Total Market Hedged ETF	9.37%	10.89%	-2.65%
QCLR Global X NASDAQ 100 Collar 95-110 ETF	-0.24%	11.27%	5.52%

Correlation

The correlation between SHUS and QCLR is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (All Time) Calculated using the full available price history since Sep 30, 2024	0.52

The correlation between SHUS and QCLR has been stable across timeframes, ranging from 0.50 to 0.52 - a consistent structural relationship.

SHUS vs. QCLR - Sectors Allocation Comparison

Sectors	SHUS	QCLR
Technology	20.2%	58.7%
Consumer Cyclical	12.8%	11.4%
Healthcare	11.9%	3.7%
Consumer Defensive	11.7%	6.4%
Industrials	10.2%	2.6%
Financial Services	10.0%	0.2%
Communication Services	6.0%	14.3%
Energy	5.8%	0.5%
Utilities	5.6%	1.2%
Real Estate	3.4%	0.1%
Basic Materials	2.5%	1.0%

Return for Risk

SHUS vs. QCLR — Risk / Return Rank

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

SHUS

SHUS Risk / Return Rank: 55
SHUS Sharpe Ratio Rank: 55
SHUS Sortino Ratio Rank: 58
SHUS Omega Ratio Rank: 52
SHUS Calmar Ratio Rank: 56
SHUS Martin Ratio Rank: 55

QCLR

QCLR Risk / Return Rank: 23
QCLR Sharpe Ratio Rank: 24
QCLR Sortino Ratio Rank: 22
QCLR Omega Ratio Rank: 24
QCLR Calmar Ratio Rank: 19
QCLR Martin Ratio Rank: 23

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.

SHUS vs. QCLR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Syntax Stratified U.S. Total Market Hedged ETF (SHUS) and Global X NASDAQ 100 Collar 95-110 ETF (QCLR). 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.

	SHUS	QCLR	Difference
Sharpe ratio: Return per unit of total volatility	1.65	0.81	+0.85
Sortino ratio: Return per unit of downside risk	2.42	1.12	+1.30
Omega ratio: Gain probability vs. loss probability	1.29	1.15	+0.14
Calmar ratio: Return relative to maximum drawdown	2.41	0.76	+1.66
Martin ratio: Return relative to average drawdown	8.56	2.72	+5.85

SHUS vs. QCLR - Sharpe Ratio Comparison

The current SHUS Sharpe Ratio is 1.65, which is higher than the QCLR Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of SHUS and QCLR, 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

SHUS vs. QCLR - Drawdown Comparison

The maximum SHUS drawdown since its inception was -14.09%, smaller than the maximum QCLR drawdown of -21.77%. Use the drawdown chart below to compare losses from any high point for SHUS and QCLR.

Drawdown Indicators

	SHUS	QCLR	Difference
Max Drawdown Largest peak-to-trough decline	-14.09%	-21.77%	+7.68%
Max Drawdown (1Y) Largest decline over 1 year	-6.95%	-10.22%	+3.27%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.58%	—
Current Drawdown Current decline from peak	-0.76%	-2.49%	+1.73%
Average Drawdown Average peak-to-trough decline	-2.59%	-6.13%	+3.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.96%	2.85%	-0.89%

Volatility

SHUS vs. QCLR - Volatility Comparison

Syntax Stratified U.S. Total Market Hedged ETF (SHUS) has a higher volatility of 3.07% compared to Global X NASDAQ 100 Collar 95-110 ETF (QCLR) at 1.63%. This indicates that SHUS's price experiences larger fluctuations and is considered to be riskier than QCLR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SHUS	QCLR	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.07%	1.63%	+1.44%
Volatility (6M) Calculated over the trailing 6-month period	7.39%	6.50%	+0.89%
Volatility (1Y) Calculated over the trailing 1-year period	10.18%	9.67%	+0.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.59%	12.37%	+0.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.59%	12.37%	+0.22%

SHUS vs. QCLR - Expense Ratio Comparison

SHUS has a 0.65% expense ratio, which is higher than QCLR's 0.60% expense ratio.

Dividends

SHUS vs. QCLR - Dividend Comparison

SHUS's dividend yield for the trailing twelve months is around 1.26%, less than QCLR's 14.92% yield.

Position	TTM	2025	2024	2023	2022	2021
QCLR Global X NASDAQ 100 Collar 95-110 ETF	14.92%	14.89%	8.89%	0.47%	0.27%	1.64%
SHUS Syntax Stratified U.S. Total Market Hedged ETF	1.26%	1.37%	0.26%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SHUS and QCLR in my portfolio?

SHUS and QCLR have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SHUS or QCLR?

SHUS has higher volatility (3.07%) compared to QCLR (1.63%). In terms of maximum drawdown, SHUS dropped -14.09% vs QCLR's -21.77%.

Which ETF is better, SHUS or QCLR?

On 1-year performance, SHUS leads with 16.72% vs 7.72% for QCLR. On fees, QCLR is cheaper at 0.60% per year. On volatility, QCLR has been the lower-risk option at 1.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SHUS or QCLR?

Over the 1-year period, SHUS has performed better with a 16.72% return vs 7.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SHUS or QCLR?

QCLR is cheaper with a 0.60% expense ratio, compared with 0.65% for SHUS.

Which ETF pays a higher dividend yield, SHUS or QCLR?

QCLR has the higher dividend yield at 14.92%, compared with 1.26% for SHUS.

What is the main difference between SHUS and QCLR?

SHUS is categorized as Hedge Fund, while QCLR is Nasdaq-100. They also come from different issuers: Syntax Advisors and Global X. Their fees differ too: 0.65% for SHUS and 0.60% for QCLR.

Which has better risk-adjusted returns?

SHUS currently has the higher Sharpe Ratio (1.65 vs 0.81), 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.