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USXF vs. QUS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

USXF vs. QUS

Last updated Jun 23, 2026

USXF (iShares ESG Advanced MSCI USA ETF) and QUS (SPDR MSCI USA StrategicFactors ETF) are both Large Cap Growth Equities funds - USXF tracks the MSCI USA Choice ESG Screened Index while QUS tracks the MSCI USA Factor Mix A-Series Capped (USD). Both are passively managed. Over the past 5 years, USXF returned 15.57%/yr vs 10.96%/yr for QUS. Their correlation of 0.87 suggests significant overlap in exposure. USXF charges 0.10%/yr vs 0.15%/yr for QUS.

Performance

USXF vs. QUS - Performance Comparison

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

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Returns By Period

In the year-to-date period, USXF achieves a 21.17% return, which is significantly higher than QUS's 6.05% return.

USXF

1D
0.37%
1M
4.92%
YTD
21.17%
6M
20.48%
1Y
36.70%
3Y*
26.99%
5Y*
15.57%
10Y*
—

QUS

1D
-0.07%
1M
-0.89%
YTD
6.05%
6M
5.54%
1Y
17.94%
3Y*
16.88%
5Y*
10.96%
10Y*
13.72%
*Multi-year figures are annualized to reflect compound growth (CAGR)

USXF vs. QUS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
USXF
iShares ESG Advanced MSCI USA ETF		21.17%16.97%26.16%31.65%-21.20%27.14%23.07%
QUS
SPDR MSCI USA StrategicFactors ETF		6.05%14.13%18.99%21.78%-14.15%26.72%18.26%

Correlation

The correlation between USXF and QUS 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 (3Y)
Calculated over the trailing 3-year period

0.81

Correlation (5Y)
Calculated over the trailing 5-year period

0.88

Correlation (All Time)
Calculated using the full available price history since Jun 18, 2020

0.87

The correlation between USXF and QUS shifts across timeframes, from 0.70 (1 year) to 0.88 (5 years), reflecting how their relationship changes across market environments.

USXF vs. QUS - Sectors Allocation Comparison

Sectors
USXF
QUS

Technology

55.7%
29.2%

Financial Services

14.5%
14.0%

Industrials

7.8%
8.2%

Consumer Cyclical

6.4%
5.5%

Healthcare

5.3%
13.4%

Real Estate

3.7%
1.3%

Basic Materials

2.2%
2.2%

Communication Services

1.9%
9.9%

Utilities

1.3%
3.4%

Consumer Defensive

0.9%
8.7%

Energy

0.1%
4.2%

Technology

USXF
55.7%
QUS
29.2%

Financial Services

USXF
14.5%
QUS
14.0%

Industrials

USXF
7.8%
QUS
8.2%

Consumer Cyclical

USXF
6.4%
QUS
5.5%

Healthcare

USXF
5.3%
QUS
13.4%

Real Estate

USXF
3.7%
QUS
1.3%

Basic Materials

USXF
2.2%
QUS
2.2%

Communication Services

USXF
1.9%
QUS
9.9%

Utilities

USXF
1.3%
QUS
3.4%

Consumer Defensive

USXF
0.9%
QUS
8.7%

Energy

USXF
0.1%
QUS
4.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares ESG Advanced MSCI USA ETF

SPDR MSCI USA StrategicFactors ETF

Often compared with USXF:
USXF vs. SCHGUSXF vs. QQQUSXF vs. SPYXUSXF vs. SPYUSXF vs. ESGVUSXF vs. VOOUSXF vs. SMH
Often compared with QUS:
QUS vs. QUALQUS vs. IVVQUS vs. JQUAQUS vs. SPYQUS vs. VOOQUS vs. DGTQUS vs. BERZ

Return for Risk

USXF vs. QUS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
USXF
USXF Risk / Return Rank: 6868
Overall Rank
USXF Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
USXF Sortino Ratio Rank: 6262
Sortino Ratio Rank
USXF Omega Ratio Rank: 6464
Omega Ratio Rank
USXF Calmar Ratio Rank: 7474
Calmar Ratio Rank
USXF Martin Ratio Rank: 7676
Martin Ratio Rank
QUS
QUS Risk / Return Rank: 6060
Overall Rank
QUS Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
QUS Sortino Ratio Rank: 6161
Sortino Ratio Rank
QUS Omega Ratio Rank: 5959
Omega Ratio Rank
QUS Calmar Ratio Rank: 5454
Calmar Ratio Rank
QUS Martin Ratio Rank: 6666
Martin Ratio Rank
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.

USXF vs. QUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares ESG Advanced MSCI USA ETF (USXF) 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.

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.

USXFQUSDifference
Sharpe ratioReturn per unit of total volatility
2.12
1.95

+0.17

Sortino ratioReturn per unit of downside risk
2.79
2.77

+0.02

Omega ratioGain probability vs. loss probability

1.37

1.35

+0.02

Calmar ratioReturn relative to maximum drawdown

3.62

2.63

+0.99

Martin ratioReturn relative to average drawdown

13.89

11.66

+2.24

USXF vs. QUS - Sharpe Ratio Comparison

The current USXF Sharpe Ratio is 2.12, which is comparable to the QUS Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of USXF 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.

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Drawdowns

USXF vs. QUS - Drawdown Comparison

The maximum USXF drawdown since its inception was -29.54%, smaller than the maximum QUS drawdown of -33.78%. Use the drawdown chart below to compare losses from any high point for USXF and QUS.

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Drawdown Indicators

USXFQUSDifference

Max Drawdown

Largest peak-to-trough decline

-29.54%

-33.78%

+4.24%

Max Drawdown (1Y)

Largest decline over 1 year

-10.19%

-6.85%

-3.34%

Max Drawdown (3Y)

Largest decline over 3 years

-20.93%

-13.94%

-6.99%

Max Drawdown (5Y)

Largest decline over 5 years

-29.54%

-22.30%

-7.24%

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.78%

—

Current Drawdown

Current decline from peak

-0.18%

-1.61%

+1.43%

Average Drawdown

Average peak-to-trough decline

-6.39%

-3.69%

-2.70%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.65%

1.54%

+1.11%

Volatility

USXF vs. QUS - Volatility Comparison

iShares ESG Advanced MSCI USA ETF (USXF) has a higher volatility of 7.80% compared to SPDR MSCI USA StrategicFactors ETF (QUS) at 2.83%. This indicates that USXF'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.

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Volatility by Period

USXFQUSDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.80%

2.83%

+4.97%

Volatility (6M)

Calculated over the trailing 6-month period

14.29%

6.98%

+7.31%

Volatility (1Y)

Calculated over the trailing 1-year period

17.45%

9.25%

+8.20%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.79%

14.34%

+5.45%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.32%

16.44%

+2.88%

USXF vs. QUS - Expense Ratio Comparison

USXF 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

USXF vs. QUS - Dividend Comparison

USXF's dividend yield for the trailing twelve months is around 0.79%, less than QUS's 1.32% yield.

PositionTTM20252024202320222021202020192018201720162015
QUS
SPDR MSCI USA StrategicFactors ETF		1.32%1.38%1.49%1.57%1.68%1.27%1.73%1.81%2.12%1.86%2.07%1.48%
USXF
iShares ESG Advanced MSCI USA ETF		0.79%0.93%1.00%1.21%1.39%0.86%0.58%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

USXF and QUS 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.

USXF has higher volatility (7.80%) compared to QUS (2.83%). In terms of maximum drawdown, USXF dropped -29.54% vs QUS's -33.78%.

On 5-year performance, USXF leads with 15.57% vs 10.96% for QUS. On fees, USXF is cheaper at 0.10% per year. On volatility, QUS has been the lower-risk option at 2.83%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, USXF has performed better with a 15.57% return vs 10.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

QUS has the higher dividend yield at 1.32%, compared with 0.79% for USXF.

USXF tracks MSCI USA Choice ESG Screened Index, while QUS tracks MSCI USA Factor Mix A-Series Capped (USD). They also come from different issuers: iShares and State Street. Their fees differ too: 0.10% for USXF and 0.15% for QUS.

USXF currently has the higher Sharpe Ratio (2.12 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.

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