OUSA vs SPY
O Shares US Quality Dividend ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, OUSA or SPY?
Large Cap Value against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.91. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 44.9%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | OUSA | SPY |
|---|---|---|
| Expense Ratio | 0.48% | 0.09%Best |
| AUM | $743M | $804.7B |
| Dividend Yield | 1.35% | 0.98% |
| Holdings | 101 | 505 |
| YTD Return | +5.74% | +11.52%Best |
| 1Y Return | +8.94% | +17.48%Best |
| 3Y Return (annualized) | +12.81% | +20.62%Best |
| 5Y Return (annualized) | +8.60% | +12.73%Best |
| Volatility (annualized) | 13.2%Best | 15.2% |
| Max Drawdown | -33.4%Best | -34.1% |
| $10,000 over 5 years | $15,106 | $18,205Best |
| Top 10 Weight | 44.9% | 38.0%Best |
| Fund Family | ALPS Advisors | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Jul 14, 2015 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Jul 14, 2015 to Sep 10, 2026 (11.2 years).
OUSA vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 11.2 years both funds cover.
OUSA vs SPY Performance
O Shares US Quality Dividend ETF (OUSA) is an ETF from ALPS Advisors and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year OUSA returned +8.94% while SPY returned +17.48%. Year to date, OUSA is up 5.74% versus a gain of 11.52% for SPY.
Over three years, OUSA compounded at +12.81% per year against +20.62% for SPY; over five years the annualized figures are +8.60% and +12.73% respectively. Across the full 11-year window we track, SPY has the edge at +12.90% annualized vs +9.10%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.2% compared with 13.2% for OUSA. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -33.4% for OUSA and -34.1% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
OUSA charges 0.48% per year while SPY charges 0.09%. On a $10,000 position that is $48 vs $9 annually, a gap of $39 per year that compounds over a long holding period. On income, OUSA currently yields 1.35% against 0.98% for SPY.
Holdings Overlap
99.7% of OUSA's money is in holdings SPY also owns. 41.3% of SPY's money is in holdings OUSA also owns.
Most of OUSA is already inside SPY. Owning both mostly buys the same companies twice.
99 positions in common, counted across the 100 positions we hold weights for in OUSA and 504 in SPY, against full books of 101 and 505.
What only one of them owns
Measured across the 100 and 504 positions we hold weights for.
SPY holds 395 positions OUSA does not, 58.2% of the fund.
Largest: NVDA 7.71%, AMZN 4.08%, AVGO 2.97%, GOOG 2.67%, MU 1.51%
Top Shared Holdings
| Stock | Weight in OUSA | Weight in SPY | Difference |
|---|---|---|---|
| AAPLApple, Inc | 5.33% | 6.83% | 1.50% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 4.77% | 5.50% | 0.73% |
| GOOGLAlphabet A Usd 0.001 | 5.08% | 3.33% | 1.75% |
| JNJJohnson & Johnson | 5.70% | 0.92% | 4.78% |
| VVisa Inc | 5.14% | 0.92% | 4.22% |
| MAMastercard Inc | 4.71% | 0.69% | 4.02% |
| CSCOCisco Systems Inc. - Ordinary Shares | 3.91% | 0.72% | 3.19% |
| HDHome Depot Inc/The | 3.65% | 0.52% | 3.13% |
| MRKMerck & Co. Inc. | 3.51% | 0.47% | 3.04% |
| MCDMcdonald'S Corp | 3.08% | 0.29% | 2.79% |
99.7% of OUSA is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, OUSA or SPY?
OUSA has an expense ratio of 0.48% while SPY charges 0.09%. SPY is the cheaper option, by $39 a year on a $10,000 investment.
Which performed better, OUSA or SPY?
Over the past year OUSA returned +8.94% vs +17.48% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (11 years), OUSA annualized +9.10% vs +12.90% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, OUSA or SPY?
SPY has been the more volatile fund at 15.2% annualized versus 13.2% for OUSA. Worst drawdown: OUSA -33.4% vs SPY -34.1%.
Should I hold both OUSA and SPY?
OUSA and SPY have a monthly-return correlation of 0.91, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between OUSA and SPY?
99.7% of OUSA's money is in holdings SPY also owns. 41.3% of SPY's is in holdings OUSA also owns. They hold 99 positions in common, counted across the 100 positions we hold weights for in OUSA and 504 in SPY.
Which pays a higher dividend, OUSA or SPY?
OUSA yields 1.35% while SPY yields 0.98%, so OUSA currently pays the higher dividend yield.
Is SPY better than OUSA?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.91. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 44.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.