XTR vs. SHUS

Last updated Aug 5, 2026

XTR (Global X S&P 500 Tail Risk ETF) and SHUS (Stratified LargeCap Hedged ETF) are both Equity Hedged funds. XTR is passively managed, while SHUS is actively managed. Over the past year, XTR returned 18.95% vs 19.00% for SHUS. Their 0.70 correlation means they have sometimes moved together and sometimes differently. XTR charges 0.25%/yr vs 0.79%/yr for SHUS.

Performance

XTR vs. SHUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X S&P 500 Tail Risk ETF (XTR) and Stratified LargeCap Hedged ETF (SHUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XTR achieves a 10.63% return, which is significantly lower than SHUS's 13.24% return.

XTR

• 1D: 1.77%
• 1M: 3.11%
• 6M: 9.54%
• YTD: 10.63%
• 1Y: 18.95%
• 3Y*: 17.61%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 9.89%

SHUS

• 1D: 1.12%
• 1M: 2.09%
• 6M: 9.15%
• YTD: 13.24%
• 1Y: 19.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.52%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SHUS Stratified LargeCap Hedged ETF	$352.67	$473.94	$2.75K
XTR Global X S&P 500 Tail Risk ETF	$36.06K	$55.09K	$61.90K

XTR vs. SHUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
XTR Global X S&P 500 Tail Risk ETF	10.63%	13.66%	1.80%
SHUS Stratified LargeCap Hedged ETF	13.24%	10.89%	-2.65%

Correlation

The correlation between XTR and SHUS is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.65
Correlation (All Time) Calculated using the full available price history since Sep 30, 2024	0.70

The correlation between XTR and SHUS has been stable across timeframes, ranging from 0.65 to 0.70 - a consistent structural relationship.

Return for Risk

XTR vs. SHUS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

XTR

XTR Risk / Return Rank: 60
XTR Sharpe Ratio Rank: 61
XTR Sortino Ratio Rank: 60
XTR Omega Ratio Rank: 58
XTR Calmar Ratio Rank: 56
XTR Martin Ratio Rank: 65

SHUS

SHUS Risk / Return Rank: 72
SHUS Sharpe Ratio Rank: 73
SHUS Sortino Ratio Rank: 76
SHUS Omega Ratio Rank: 71
SHUS Calmar Ratio Rank: 70
SHUS Martin Ratio Rank: 71

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

XTR vs. SHUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 Tail Risk ETF (XTR) and Stratified LargeCap Hedged ETF (SHUS). 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.

	XTR	SHUS	Difference
Sharpe ratio: Return per unit of total volatility	1.62	1.89	-0.27
Sortino ratio: Return per unit of downside risk	2.29	2.78	-0.49
Omega ratio: Gain probability vs. loss probability	1.29	1.34	-0.05
Calmar ratio: Return relative to maximum drawdown	2.24	2.74	-0.51
Martin ratio: Return relative to average drawdown	8.75	9.90	-1.15

XTR vs. SHUS - Sharpe Ratio Comparison

The current XTR Sharpe Ratio is 1.62, which is comparable to the SHUS Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of XTR and SHUS, 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

XTR vs. SHUS - Drawdown Comparison

The maximum XTR drawdown since its inception was -20.83%, which is greater than SHUS's maximum drawdown of -14.09%. Use the drawdown chart below to compare losses from any high point for XTR and SHUS.

Drawdown Indicators

	XTR	SHUS	Difference
Max Drawdown Largest peak-to-trough decline	-20.83%	-14.09%	-6.74%
Max Drawdown (1Y) Largest decline over 1 year	-8.51%	-6.95%	-1.56%
Max Drawdown (3Y) Largest decline over 3 years	-14.35%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.81%	-2.47%	-3.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.17%	1.92%	+0.25%

Volatility

XTR vs. SHUS - Volatility Comparison

Global X S&P 500 Tail Risk ETF (XTR) has a higher volatility of 3.76% compared to Stratified LargeCap Hedged ETF (SHUS) at 3.07%. This indicates that XTR's price experiences larger fluctuations and is considered to be riskier than SHUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XTR	SHUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.76%	3.07%	+0.69%
Volatility (6M) Calculated over the trailing 6-month period	9.39%	7.46%	+1.93%
Volatility (1Y) Calculated over the trailing 1-year period	11.78%	10.13%	+1.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.80%	12.42%	+1.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.80%	12.42%	+1.38%

XTR vs. SHUS - Expense Ratio Comparison

XTR has a 0.25% expense ratio, which is lower than SHUS's 0.79% expense ratio.

Dividends

XTR vs. SHUS - Dividend Comparison

XTR's dividend yield for the trailing twelve months is around 16.08%, more than SHUS's 1.21% yield.

Position	TTM	2025	2024	2023	2022	2021
SHUS Stratified LargeCap Hedged ETF	1.21%	1.37%	0.26%	0.00%	0.00%	0.00%
XTR Global X S&P 500 Tail Risk ETF	16.08%	17.82%	20.89%	1.09%	1.08%	2.32%

Frequently Asked Questions

Can I hold both XTR and SHUS in my portfolio?

XTR and SHUS have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XTR or SHUS?

XTR has higher volatility (3.76%) compared to SHUS (3.07%). In terms of maximum drawdown, XTR dropped -20.83% vs SHUS's -14.09%.

Which ETF is better, XTR or SHUS?

On 1-year performance, SHUS leads with 19.00% vs 18.95% for XTR. On fees, XTR is cheaper at 0.25% per year. On volatility, SHUS has been the lower-risk option at 3.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XTR or SHUS?

Over the 1-year period, SHUS has performed better with a 19.00% return vs 18.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XTR or SHUS?

XTR is cheaper with a 0.25% expense ratio, compared with 0.79% for SHUS.

Which ETF pays a higher dividend yield, XTR or SHUS?

XTR has the higher dividend yield at 16.08%, compared with 1.21% for SHUS.

What is the main difference between XTR and SHUS?

They also come from different issuers: Global X and Exchange Traded Concepts. Their fees differ too: 0.25% for XTR and 0.79% for SHUS.

Which has better risk-adjusted returns?

SHUS currently has the higher Sharpe Ratio (1.89 vs 1.62), 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.