WINN vs. QUS

Last updated Jun 3, 2026

WINN (Harbor Long-Term Growers ETF) and QUS (SPDR MSCI USA StrategicFactors ETF) are both Large Cap Growth Equities funds. WINN is actively managed, while QUS is passively managed. Over the past 3 years, WINN returned 23.93%/yr vs 17.53%/yr for QUS. Their correlation of 0.80 suggests significant overlap in exposure. WINN charges 0.57%/yr vs 0.15%/yr for QUS.

Performance

WINN vs. QUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Long-Term Growers ETF (WINN) 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, WINN achieves a 8.60% return, which is significantly higher than QUS's 6.67% return.

WINN

• 1D: -0.68%
• 1M: 6.86%
• YTD: 8.60%
• 6M: 7.07%
• 1Y: 22.26%
• 3Y*: 23.93%
• 5Y*: —
• 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)

WINN vs. QUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
WINN Harbor Long-Term Growers ETF	8.60%	14.31%	31.64%	52.44%	-26.67%
QUS SPDR MSCI USA StrategicFactors ETF	6.67%	14.13%	18.99%	21.78%	-9.09%

Correlation

The correlation between WINN and QUS is 0.67, 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	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (All Time) Calculated using the full available price history since Feb 4, 2022	0.80

The correlation between WINN and QUS shifts across timeframes, from 0.67 (1 year) to 0.80 (all time), reflecting how their relationship changes across market environments.

WINN vs. QUS - Sectors Allocation Comparison

Sectors	WINN	QUS
Technology	49.2%	26.3%
Communication Services	15.9%	10.2%
Consumer Cyclical	13.3%	5.8%
Healthcare	6.8%	13.4%
Financial Services	5.1%	14.6%
Industrials	4.9%	8.6%
Consumer Defensive	2.9%	9.2%
Utilities	1.4%	3.6%
Real Estate	0.4%	1.4%
Basic Materials	-	2.3%
Energy	-	4.6%

Return for Risk

WINN vs. QUS — Risk / Return Rank

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

WINN

WINN Risk / Return Rank: 33
WINN Sharpe Ratio Rank: 38
WINN Sortino Ratio Rank: 37
WINN Omega Ratio Rank: 37
WINN Calmar Ratio Rank: 27
WINN Martin Ratio Rank: 28

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.

WINN vs. QUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Long-Term Growers ETF (WINN) 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.

	WINN	QUS	Difference
Sharpe ratio Return per unit of total volatility	1.39	1.95	-0.56
Sortino ratio Return per unit of downside risk	1.94	2.81	-0.87
Omega ratio Gain probability vs. loss probability	1.25	1.35	-0.10
Calmar ratio Return relative to maximum drawdown	1.29	2.59	-1.29
Martin ratio Return relative to average drawdown	4.05	11.54	-7.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WINN vs. QUS - Sharpe Ratio Comparison

The current WINN Sharpe Ratio is 1.39, which is comparable to the QUS Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of WINN 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

	WINN	QUS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.39	1.95	-0.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.78	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.83	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.77	-0.14

Drawdowns

WINN vs. QUS - Drawdown Comparison

The maximum WINN drawdown since its inception was -32.07%, smaller than the maximum QUS drawdown of -33.78%. Use the drawdown chart below to compare losses from any high point for WINN and QUS.

Drawdown Indicators

	WINN	QUS	Difference
Max Drawdown Largest peak-to-trough decline	-32.07%	-33.78%	+1.71%
Max Drawdown (1Y) Largest decline over 1 year	-18.06%	-6.85%	-11.21%
Max Drawdown (3Y) Largest decline over 3 years	-23.66%	-13.94%	-9.72%
Max Drawdown (5Y) Largest decline over 5 years	—	-22.30%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.78%	—
Current Drawdown Current decline from peak	-0.68%	-0.50%	-0.18%
Average Drawdown Average peak-to-trough decline	-9.10%	-3.70%	-5.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.77%	1.53%	+4.24%

Volatility

WINN vs. QUS - Volatility Comparison

Harbor Long-Term Growers ETF (WINN) has a higher volatility of 3.71% compared to SPDR MSCI USA StrategicFactors ETF (QUS) at 1.78%. This indicates that WINN'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

	WINN	QUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.71%	1.78%	+1.93%
Volatility (6M) Calculated over the trailing 6-month period	12.19%	6.66%	+5.53%
Volatility (1Y) Calculated over the trailing 1-year period	16.09%	9.09%	+7.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.74%	14.33%	+9.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.74%	16.42%	+7.32%

WINN vs. QUS - Expense Ratio Comparison

WINN has a 0.57% expense ratio, which is higher than QUS's 0.15% expense ratio.

Dividends

WINN vs. QUS - Dividend Comparison

WINN has not paid dividends to shareholders, while QUS's dividend yield for the trailing twelve months is around 1.31%.

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%
WINN Harbor Long-Term Growers ETF	0.00%	0.00%	0.00%	0.06%	0.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WINN and QUS in my portfolio?

WINN and QUS have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WINN or QUS?

WINN has higher volatility (3.71%) compared to QUS (1.78%). In terms of maximum drawdown, WINN dropped -32.07% vs QUS's -33.78%.

Which ETF is better, WINN or QUS?

On 3-year performance, WINN leads with 23.93% vs 17.53% for QUS. On fees, QUS is cheaper at 0.15% 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, WINN or QUS?

Over the 3-year period, WINN has performed better with a 23.93% return vs 17.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WINN or QUS?

QUS is cheaper with a 0.15% expense ratio, compared with 0.57% for WINN.

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

QUS has the higher dividend yield at 1.31%, compared with 0.00% for WINN.

What is the main difference between WINN and QUS?

They also come from different issuers: Harbor and State Street. Their fees differ too: 0.57% for WINN and 0.15% for QUS.

Which has better risk-adjusted returns?

QUS currently has the higher Sharpe Ratio (1.95 vs 1.39), 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.