USSG vs. QUS

Last updated Jun 4, 2026

USSG (Xtrackers MSCI USA ESG Leaders Equity ETF) and QUS (SPDR MSCI USA StrategicFactors ETF) are both Large Cap Growth Equities funds - USSG tracks the MSCI USA ESG Leaders while QUS tracks the MSCI USA Factor Mix A-Series Capped (USD). Both are passively managed. Over the past 5 years, USSG returned 13.79%/yr vs 11.08%/yr for QUS. Their correlation of 0.93 suggests significant overlap in exposure. USSG charges 0.10%/yr vs 0.15%/yr for QUS.

Performance

USSG vs. QUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers MSCI USA ESG Leaders Equity ETF (USSG) and SPDR MSCI USA StrategicFactors ETF (QUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USSG achieves a 9.51% return, which is significantly higher than QUS's 6.67% return.

USSG

• 1D: -0.80%
• 1M: 4.67%
• YTD: 9.51%
• 6M: 10.19%
• 1Y: 27.90%
• 3Y*: 22.38%
• 5Y*: 13.79%
• 10Y*: —

QUS

• 1D: -0.43%
• 1M: 2.68%
• YTD: 6.67%
• 6M: 6.93%
• 1Y: 17.65%
• 3Y*: 17.53%
• 5Y*: 11.08%
• 10Y*: 13.67%

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

USSG vs. QUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
USSG Xtrackers MSCI USA ESG Leaders Equity ETF	9.51%	18.97%	23.45%	29.17%	-20.33%	31.83%	18.71%	19.24%
QUS SPDR MSCI USA StrategicFactors ETF	6.67%	14.13%	18.99%	21.78%	-14.15%	26.72%	12.40%	19.85%

Correlation

The correlation between USSG and QUS is 0.80, 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	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (All Time) Calculated using the full available price history since Mar 8, 2019	0.93

The correlation between USSG and QUS shifts across timeframes, from 0.80 (1 year) to 0.93 (all time), reflecting how their relationship changes across market environments.

USSG vs. QUS - Sectors Allocation Comparison

Sectors	USSG	QUS
Technology	36.9%	26.3%
Communication Services	14.5%	10.2%
Financial Services	10.6%	14.6%
Healthcare	9.6%	13.4%
Consumer Cyclical	8.6%	5.8%
Industrials	8.1%	8.6%
Consumer Defensive	4.2%	9.2%
Real Estate	2.2%	1.4%
Basic Materials	2.1%	2.3%
Energy	2.1%	4.6%
Utilities	1.1%	3.6%

Return for Risk

USSG vs. QUS — Risk / Return Rank

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

USSG

USSG Risk / Return Rank: 60
USSG Sharpe Ratio Rank: 64
USSG Sortino Ratio Rank: 64
USSG Omega Ratio Rank: 61
USSG Calmar Ratio Rank: 50
USSG Martin Ratio Rank: 60

QUS

QUS Risk / Return Rank: 57
QUS Sharpe Ratio Rank: 56
QUS Sortino Ratio Rank: 58
QUS Omega Ratio Rank: 55
QUS Calmar Ratio Rank: 52
QUS Martin Ratio Rank: 63

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.

USSG vs. QUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI USA ESG Leaders Equity ETF (USSG) and SPDR MSCI USA StrategicFactors ETF (QUS). 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.

	USSG	QUS	Difference
Sharpe ratio: Return per unit of total volatility	2.14	1.95	+0.19
Sortino ratio: Return per unit of downside risk	3.00	2.81	+0.20
Omega ratio: Gain probability vs. loss probability	1.38	1.35	+0.03
Calmar ratio: Return relative to maximum drawdown	2.50	2.59	-0.09
Martin ratio: Return relative to average drawdown	10.72	11.54	-0.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USSG vs. QUS - Sharpe Ratio Comparison

The current USSG Sharpe Ratio is 2.14, which is comparable to the QUS Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of USSG and QUS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	USSG	QUS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.14	1.95	+0.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	0.78	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.83	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	0.77	+0.07

Drawdowns

USSG vs. QUS - Drawdown Comparison

The maximum USSG drawdown since its inception was -34.10%, roughly equal to the maximum QUS drawdown of -33.78%. Use the drawdown chart below to compare losses from any high point for USSG and QUS.

Drawdown Indicators

	USSG	QUS	Difference
Max Drawdown Largest peak-to-trough decline	-34.10%	-33.78%	-0.32%
Max Drawdown (1Y) Largest decline over 1 year	-11.20%	-6.85%	-4.35%
Max Drawdown (3Y) Largest decline over 3 years	-20.00%	-13.94%	-6.06%
Max Drawdown (5Y) Largest decline over 5 years	-27.00%	-22.30%	-4.70%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.78%	—
Current Drawdown Current decline from peak	-1.21%	-0.50%	-0.71%
Average Drawdown Average peak-to-trough decline	-5.60%	-3.70%	-1.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.61%	1.53%	+1.08%

Volatility

USSG vs. QUS - Volatility Comparison

Xtrackers MSCI USA ESG Leaders Equity ETF (USSG) has a higher volatility of 3.77% compared to SPDR MSCI USA StrategicFactors ETF (QUS) at 1.78%. This indicates that USSG's price experiences larger fluctuations and is considered to be riskier than QUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USSG	QUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.77%	1.78%	+1.99%
Volatility (6M) Calculated over the trailing 6-month period	10.04%	6.66%	+3.38%
Volatility (1Y) Calculated over the trailing 1-year period	13.12%	9.09%	+4.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.59%	14.33%	+3.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.16%	16.42%	+3.74%

USSG vs. QUS - Expense Ratio Comparison

USSG has a 0.10% expense ratio, which is lower than QUS's 0.15% 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

USSG vs. QUS - Dividend Comparison

USSG's dividend yield for the trailing twelve months is around 0.95%, less than QUS's 1.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QUS SPDR MSCI USA StrategicFactors ETF	1.31%	1.38%	1.49%	1.57%	1.68%	1.27%	1.73%	1.81%	2.12%	1.86%	2.07%	1.48%
USSG Xtrackers MSCI USA ESG Leaders Equity ETF	0.95%	1.02%	1.13%	1.60%	1.52%	1.13%	1.42%	1.21%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both USSG and QUS in my portfolio?

USSG and QUS have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USSG or QUS?

USSG has higher volatility (3.77%) compared to QUS (1.78%). In terms of maximum drawdown, USSG dropped -34.10% vs QUS's -33.78%.

Which ETF is better, USSG or QUS?

On 5-year performance, USSG leads with 13.79% vs 11.08% for QUS. On fees, USSG is cheaper at 0.10% per year. On volatility, QUS has been the lower-risk option at 1.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, USSG or QUS?

Over the 5-year period, USSG has performed better with a 13.79% return vs 11.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, USSG or QUS?

USSG is cheaper with a 0.10% expense ratio, compared with 0.15% for QUS.

Which ETF pays a higher dividend yield, USSG or QUS?

QUS has the higher dividend yield at 1.31%, compared with 0.95% for USSG.

What is the main difference between USSG and QUS?

USSG tracks MSCI USA ESG Leaders, while QUS tracks MSCI USA Factor Mix A-Series Capped (USD). They also come from different issuers: Deutsche Bank and State Street. Their fees differ too: 0.10% for USSG and 0.15% for QUS.

Which has better risk-adjusted returns?

USSG currently has the higher Sharpe Ratio (2.14 vs 1.95), 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.