TUSA vs. QIDX

Last updated Jun 26, 2026

TUSA (First Trust Total US Market AlphaDEX ETF) and QIDX (Indexperts Quality Earnings Focused ETF) are both Mid Cap Blend Equities funds. TUSA is passively managed, while QIDX is actively managed. Over the past year, TUSA returned 21.34% vs 13.13% for QIDX. A 0.74 correlation means they provide meaningful diversification when combined. TUSA charges 0.70%/yr vs 0.50%/yr for QIDX.

Performance

TUSA vs. QIDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Total US Market AlphaDEX ETF (TUSA) and Indexperts Quality Earnings Focused ETF (QIDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with TUSA having a 8.91% return and QIDX slightly lower at 8.81%.

TUSA

• 1D: 0.98%
• 1M: 1.82%
• YTD: 8.91%
• 6M: 7.64%
• 1Y: 21.34%
• 3Y*: 16.39%
• 5Y*: 6.87%
• 10Y*: 11.65%

QIDX

• 1D: 0.56%
• 1M: 1.79%
• YTD: 8.81%
• 6M: 7.39%
• 1Y: 13.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TUSA vs. QIDX - Yearly Performance Comparison

	2026 (YTD)	2025
TUSA First Trust Total US Market AlphaDEX ETF	8.91%	13.64%
QIDX Indexperts Quality Earnings Focused ETF	8.81%	6.60%

Correlation

The correlation between TUSA and QIDX is 0.70, 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	0.70
Correlation (All Time) Calculated using the full available price history since Jan 2, 2025	0.74

The correlation between TUSA and QIDX has been stable across timeframes, ranging from 0.70 to 0.74 - a consistent structural relationship.

Return for Risk

TUSA vs. QIDX — Risk / Return Rank

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

TUSA

TUSA Risk / Return Rank: 58
TUSA Sharpe Ratio Rank: 55
TUSA Sortino Ratio Rank: 58
TUSA Omega Ratio Rank: 51
TUSA Calmar Ratio Rank: 73
TUSA Martin Ratio Rank: 54

QIDX

QIDX Risk / Return Rank: 38
QIDX Sharpe Ratio Rank: 36
QIDX Sortino Ratio Rank: 36
QIDX Omega Ratio Rank: 33
QIDX Calmar Ratio Rank: 41
QIDX Martin Ratio Rank: 42

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.

TUSA vs. QIDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Total US Market AlphaDEX ETF (TUSA) and Indexperts Quality Earnings Focused ETF (QIDX). 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.

	TUSA	QIDX	Difference
Sharpe ratio: Return per unit of total volatility	1.64	1.19	+0.45
Sortino ratio: Return per unit of downside risk	2.45	1.76	+0.68
Omega ratio: Gain probability vs. loss probability	1.29	1.21	+0.08
Calmar ratio: Return relative to maximum drawdown	3.26	1.90	+1.36
Martin ratio: Return relative to average drawdown	8.28	6.30	+1.99

TUSA vs. QIDX - Sharpe Ratio Comparison

The current TUSA Sharpe Ratio is 1.64, which is higher than the QIDX Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of TUSA and QIDX, 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

TUSA vs. QIDX - Drawdown Comparison

The maximum TUSA drawdown since its inception was -56.53%, which is greater than QIDX's maximum drawdown of -14.99%. Use the drawdown chart below to compare losses from any high point for TUSA and QIDX.

Drawdown Indicators

	TUSA	QIDX	Difference
Max Drawdown Largest peak-to-trough decline	-56.53%	-14.99%	-41.54%
Max Drawdown (1Y) Largest decline over 1 year	-6.57%	-6.92%	+0.35%
Max Drawdown (3Y) Largest decline over 3 years	-18.04%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-23.35%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-42.47%	—	—
Current Drawdown Current decline from peak	-2.33%	-0.40%	-1.93%
Average Drawdown Average peak-to-trough decline	-9.85%	-2.23%	-7.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.58%	2.09%	+0.49%

Volatility

TUSA vs. QIDX - Volatility Comparison

First Trust Total US Market AlphaDEX ETF (TUSA) has a higher volatility of 3.24% compared to Indexperts Quality Earnings Focused ETF (QIDX) at 2.97%. This indicates that TUSA's price experiences larger fluctuations and is considered to be riskier than QIDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TUSA	QIDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.24%	2.97%	+0.27%
Volatility (6M) Calculated over the trailing 6-month period	8.72%	8.53%	+0.19%
Volatility (1Y) Calculated over the trailing 1-year period	13.05%	11.07%	+1.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.64%	14.51%	+3.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.12%	14.51%	+5.61%

TUSA vs. QIDX - Expense Ratio Comparison

TUSA has a 0.70% expense ratio, which is higher than QIDX's 0.50% expense ratio.

Dividends

TUSA vs. QIDX - Dividend Comparison

TUSA's dividend yield for the trailing twelve months is around 1.94%, more than QIDX's 0.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QIDX Indexperts Quality Earnings Focused ETF	0.85%	0.84%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TUSA First Trust Total US Market AlphaDEX ETF	1.94%	1.59%	2.05%	2.15%	2.31%	0.72%	0.99%	1.13%	1.14%	0.79%	1.24%	0.95%

Frequently Asked Questions

Can I hold both TUSA and QIDX in my portfolio?

TUSA and QIDX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TUSA or QIDX?

TUSA has higher volatility (3.24%) compared to QIDX (2.97%). In terms of maximum drawdown, TUSA dropped -56.53% vs QIDX's -14.99%.

Which ETF is better, TUSA or QIDX?

On 1-year performance, TUSA leads with 21.34% vs 13.13% for QIDX. On fees, QIDX is cheaper at 0.50% per year. On volatility, QIDX has been the lower-risk option at 2.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TUSA or QIDX?

Over the 1-year period, TUSA has performed better with a 21.34% return vs 13.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TUSA or QIDX?

QIDX is cheaper with a 0.50% expense ratio, compared with 0.70% for TUSA.

Which ETF pays a higher dividend yield, TUSA or QIDX?

TUSA has the higher dividend yield at 1.94%, compared with 0.85% for QIDX.

What is the main difference between TUSA and QIDX?

They also come from different issuers: First Trust and Indexperts. Their fees differ too: 0.70% for TUSA and 0.50% for QIDX.

Which has better risk-adjusted returns?

TUSA currently has the higher Sharpe Ratio (1.64 vs 1.19), 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.