TUSA vs. IQSM
Compare and contrast key facts about First Trust Total US Market AlphaDEX ETF (TUSA) and IQ Candriam U.S. Mid Cap Equity ETF (IQSM).
TUSA and IQSM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TUSA is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX Total US Market Index. It was launched on Dec 5, 2006. IQSM is a passively managed fund by IndexIQ that tracks the performance of the IQ Candriam ESG U.S. Mid Cap Equity Index - Benchmark TR Net. It was launched on Oct 24, 2022. Both TUSA and IQSM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
TUSA vs. IQSM - Performance Comparison
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TUSA vs. IQSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TUSA First Trust Total US Market AlphaDEX ETF | 7.05% | 13.64% | 11.12% | 11.75% | 3.29% |
IQSM IQ Candriam U.S. Mid Cap Equity ETF | 1.34% | 7.97% | 9.15% | 15.82% | 2.29% |
Returns By Period
In the year-to-date period, TUSA achieves a 7.05% return, which is significantly higher than IQSM's 1.34% return.
TUSA
- 1D
- -0.28%
- 1M
- -4.01%
- YTD
- 7.05%
- 6M
- 9.20%
- 1Y
- 19.97%
- 3Y*
- 14.76%
- 5Y*
- 7.51%
- 10Y*
- 11.03%
IQSM
- 1D
- 0.82%
- 1M
- -5.15%
- YTD
- 1.34%
- 6M
- 3.59%
- 1Y
- 15.47%
- 3Y*
- 10.22%
- 5Y*
- —
- 10Y*
- —
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TUSA vs. IQSM - Expense Ratio Comparison
TUSA has a 0.70% expense ratio, which is higher than IQSM's 0.15% expense ratio.
Return for Risk
TUSA vs. IQSM — Risk / Return Rank
TUSA
IQSM
TUSA vs. IQSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Total US Market AlphaDEX ETF (TUSA) and IQ Candriam U.S. Mid Cap Equity ETF (IQSM). 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.
| TUSA | IQSM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.12 | 0.76 | +0.36 |
Sortino ratioReturn per unit of downside risk | 1.69 | 1.20 | +0.49 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.16 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.56 | 1.14 | +0.42 |
Martin ratioReturn relative to average drawdown | 6.97 | 4.83 | +2.14 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TUSA | IQSM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.12 | 0.76 | +0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.59 | -0.27 |
Correlation
The correlation between TUSA and IQSM is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
TUSA vs. IQSM - Dividend Comparison
TUSA's dividend yield for the trailing twelve months is around 1.65%, more than IQSM's 1.17% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TUSA First Trust Total US Market AlphaDEX ETF | 1.65% | 1.59% | 2.05% | 2.15% | 2.31% | 0.72% | 0.99% | 1.13% | 1.14% | 0.79% | 1.24% | 0.95% |
IQSM IQ Candriam U.S. Mid Cap Equity ETF | 1.17% | 1.18% | 1.22% | 1.11% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TUSA vs. IQSM - Drawdown Comparison
The maximum TUSA drawdown since its inception was -56.53%, which is greater than IQSM's maximum drawdown of -23.66%. Use the drawdown chart below to compare losses from any high point for TUSA and IQSM.
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Drawdown Indicators
| TUSA | IQSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.53% | -23.66% | -32.87% |
Max Drawdown (1Y)Largest decline over 1 year | -12.98% | -13.94% | +0.96% |
Max Drawdown (5Y)Largest decline over 5 years | -23.35% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -42.47% | — | — |
Current DrawdownCurrent decline from peak | -4.01% | -5.47% | +1.46% |
Average DrawdownAverage peak-to-trough decline | -9.92% | -5.04% | -4.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 3.30% | -0.39% |
Volatility
TUSA vs. IQSM - Volatility Comparison
The current volatility for First Trust Total US Market AlphaDEX ETF (TUSA) is 2.78%, while IQ Candriam U.S. Mid Cap Equity ETF (IQSM) has a volatility of 6.35%. This indicates that TUSA experiences smaller price fluctuations and is considered to be less risky than IQSM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TUSA | IQSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.78% | 6.35% | -3.57% |
Volatility (6M)Calculated over the trailing 6-month period | 9.68% | 11.35% | -1.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.98% | 20.51% | -2.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.64% | 18.05% | -0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.14% | 18.05% | +2.09% |