VEGN vs. QARP

Last updated Jul 17, 2026

VEGN (US Vegan Climate ETF) and QARP (Xtrackers Russell 1000 US Quality at a Reasonable Price ETF) are both Large Cap Growth Equities funds - VEGN tracks the US Vegan Climate Index while QARP tracks the Russell 1000 2Qual/Val 5% Capped Factor Index. Both are passively managed. Over the past 5 years, VEGN returned 14.77%/yr vs 12.09%/yr for QARP. Their correlation of 0.86 suggests significant overlap in exposure. VEGN charges 0.60%/yr vs 0.19%/yr for QARP.

Performance

VEGN vs. QARP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in US Vegan Climate ETF (VEGN) and Xtrackers Russell 1000 US Quality at a Reasonable Price ETF (QARP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VEGN achieves a 25.39% return, which is significantly higher than QARP's 12.78% return.

VEGN

• 1D: -1.68%
• 1M: -3.93%
• 6M: 23.88%
• YTD: 25.39%
• 1Y: 36.60%
• 3Y*: 24.42%
• 5Y*: 14.77%
• 10Y*: —

QARP

• 1D: 0.71%
• 1M: 1.10%
• 6M: 9.34%
• YTD: 12.78%
• 1Y: 25.00%
• 3Y*: 17.33%
• 5Y*: 12.09%
• 10Y*: —

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

VEGN vs. QARP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
VEGN US Vegan Climate ETF	25.39%	13.71%	25.42%	38.10%	-26.87%	26.01%	27.72%	9.45%
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF	12.78%	13.99%	18.94%	23.03%	-14.62%	31.82%	14.83%	9.77%

Correlation

The correlation between VEGN and QARP is 0.68, 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	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (All Time) Calculated using the full available price history since Sep 10, 2019	0.86

The correlation between VEGN and QARP shifts across timeframes, from 0.68 (1 year) to 0.86 (all time), reflecting how their relationship changes across market environments.

VEGN vs. QARP - Sectors Allocation Comparison

Sectors	VEGN	QARP
Technology	63.2%	23.5%
Financial Services	13.2%	12.1%
Communication Services	7.8%	11.3%
Industrials	5.0%	8.5%
Healthcare	4.0%	13.9%
Real Estate	3.9%	1.0%
Consumer Cyclical	1.7%	9.6%
Basic Materials	0.5%	2.3%
Energy	0.1%	5.8%
Utilities	0.1%	2.0%
Consumer Defensive	0.1%	9.6%

Return for Risk

VEGN vs. QARP — Risk / Return Rank

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

VEGN

VEGN Risk / Return Rank: 72
VEGN Sharpe Ratio Rank: 73
VEGN Sortino Ratio Rank: 68
VEGN Omega Ratio Rank: 67
VEGN Calmar Ratio Rank: 76
VEGN Martin Ratio Rank: 77

QARP

QARP Risk / Return Rank: 87
QARP Sharpe Ratio Rank: 90
QARP Sortino Ratio Rank: 89
QARP Omega Ratio Rank: 88
QARP Calmar Ratio Rank: 82
QARP Martin Ratio Rank: 89

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.

VEGN vs. QARP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for US Vegan Climate ETF (VEGN) and Xtrackers Russell 1000 US Quality at a Reasonable Price ETF (QARP). 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.

	VEGN	QARP	Difference
Sharpe ratio: Return per unit of total volatility	1.88	2.38	-0.50
Sortino ratio: Return per unit of downside risk	2.48	3.34	-0.85
Omega ratio: Gain probability vs. loss probability	1.32	1.43	-0.11
Calmar ratio: Return relative to maximum drawdown	3.10	3.46	-0.35
Martin ratio: Return relative to average drawdown	11.41	15.38	-3.97

VEGN vs. QARP - Sharpe Ratio Comparison

The current VEGN Sharpe Ratio is 1.88, which is comparable to the QARP Sharpe Ratio of 2.38. The chart below compares the historical Sharpe Ratios of VEGN and QARP, 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

VEGN vs. QARP - Drawdown Comparison

The maximum VEGN drawdown since its inception was -34.14%, roughly equal to the maximum QARP drawdown of -35.44%. Use the drawdown chart below to compare losses from any high point for VEGN and QARP.

Drawdown Indicators

	VEGN	QARP	Difference
Max Drawdown Largest peak-to-trough decline	-34.14%	-35.44%	+1.30%
Max Drawdown (1Y) Largest decline over 1 year	-11.85%	-7.26%	-4.59%
Max Drawdown (3Y) Largest decline over 3 years	-20.91%	-15.65%	-5.26%
Max Drawdown (5Y) Largest decline over 5 years	-33.40%	-22.75%	-10.65%
Current Drawdown Current decline from peak	-7.54%	0.00%	-7.54%
Average Drawdown Average peak-to-trough decline	-7.52%	-4.39%	-3.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.22%	1.63%	+1.59%

Volatility

VEGN vs. QARP - Volatility Comparison

US Vegan Climate ETF (VEGN) has a higher volatility of 8.89% compared to Xtrackers Russell 1000 US Quality at a Reasonable Price ETF (QARP) at 2.76%. This indicates that VEGN's price experiences larger fluctuations and is considered to be riskier than QARP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VEGN	QARP	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.89%	2.76%	+6.13%
Volatility (6M) Calculated over the trailing 6-month period	17.21%	8.22%	+8.99%
Volatility (1Y) Calculated over the trailing 1-year period	19.57%	10.58%	+8.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.85%	15.54%	+5.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.00%	19.55%	+3.45%

VEGN vs. QARP - Expense Ratio Comparison

VEGN has a 0.60% expense ratio, which is higher than QARP's 0.19% expense ratio.

Dividends

VEGN vs. QARP - Dividend Comparison

VEGN's dividend yield for the trailing twelve months is around 0.51%, less than QARP's 1.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF	1.02%	1.14%	1.39%	1.28%	1.68%	1.34%	1.61%	1.85%	1.39%
VEGN US Vegan Climate ETF	0.51%	0.51%	0.51%	0.67%	0.81%	0.41%	0.71%	0.29%	0.00%

Frequently Asked Questions

Can I hold both VEGN and QARP in my portfolio?

VEGN and QARP have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VEGN or QARP?

VEGN has higher volatility (8.89%) compared to QARP (2.76%). In terms of maximum drawdown, VEGN dropped -34.14% vs QARP's -35.44%.

Which ETF is better, VEGN or QARP?

On 5-year performance, VEGN leads with 14.77% vs 12.09% for QARP. On fees, QARP is cheaper at 0.19% per year. On volatility, QARP has been the lower-risk option at 2.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VEGN or QARP?

Over the 5-year period, VEGN has performed better with a 14.77% return vs 12.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VEGN or QARP?

QARP is cheaper with a 0.19% expense ratio, compared with 0.60% for VEGN.

Which ETF pays a higher dividend yield, VEGN or QARP?

QARP has the higher dividend yield at 1.02%, compared with 0.51% for VEGN.

What is the main difference between VEGN and QARP?

VEGN tracks US Vegan Climate Index, while QARP tracks Russell 1000 2Qual/Val 5% Capped Factor Index. They also come from different issuers: Beyond Investing and Deutsche Bank. Their fees differ too: 0.60% for VEGN and 0.19% for QARP.

Which has better risk-adjusted returns?

QARP currently has the higher Sharpe Ratio (2.38 vs 1.88), 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.