ALPS O'Shares U.S. Small-Cap Quality Dividend… (OUSM) Performance
OUSM total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +12.1% since Dec 31, 2025
- 1 year
- +10.9% total return
- 5 years
- +7.8% a year
- Since first price
- +9.1% a year since 2016
OUSM trailing returns vs SPY, QQQ, AGG
| Period | OUSM total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +3.2% | +3.1% | −1.0% | −5.0% | +0.9% |
| 3 months | +1.6% | +1.1% | +3.2% | +1.9% | −0.4% |
| 6 months | +4.1% | +3.1% | +7.8% | +8.4% | −1.5% |
| YTD | +12.1% | +10.5% | +12.3% | +15.1% | −1.0% |
| 1 year | +10.9% | +8.5% | +14.4% | +15.9% | −1.1% |
| 3 years | +50.9%+14.7%/yr | +42.6% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +45.4%+7.8%/yr | +32.2% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionDec 30, 2016 | +135.9%+9.1%/yr | +93.7% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: OUSM vs SPY
From Dec 30, 2016: OUSM grew to $23,587, SPY to $39,578.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
OUSM returns by calendar year
7 of 9 full years positive. Best 2019 (+28.0%), worst 2018 (−10.6%). 2026 is year to date.
OUSM annual returns table
| Year | OUSM | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +12.1% | −9.2% | +12.3% | +15.1% | −1.0% |
| 2025 | +2.2% | −15.7% | +17.7% | +20.8% | +7.2% |
| 2024 | +13.5% | −7.3% | +24.9% | +25.6% | +1.3% |
| 2023 | +18.8% | −11.0% | +26.2% | +54.9% | +5.7% |
| 2022 | −7.9% | −19.1% | −18.2% | −32.6% | −13.0% |
| 2021 | +21.4% | −7.4% | +28.7% | +27.4% | −1.8% |
| 2020 | +7.6% | −39.8% | +18.3% | +48.6% | +7.5% |
| 2019 | +28.0% | −9.0% | +31.2% | +39.0% | +8.5% |
| 2018 | −10.6% | −22.5% | −4.6% | −0.1% | +0.1% |
| 2017 | +10.9% | −4.0% | +21.7% | +32.7% | +3.6% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
OUSM largest drawdowns
Now 3.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 16, 2020 | −39.8% | Mar 23, 2020 | Nov 16, 2020 | 2 months | 10 months |
| Sep 14, 2018 | −22.5% | Dec 24, 2018 | Oct 28, 2019 | 3 months | 1.1 years |
| Nov 25, 2024 | −19.4% | Apr 8, 2025 | Feb 4, 2026 | 4 months | 1.2 years |
| Jan 4, 2022 | −19.1% | Sep 30, 2022 | Feb 1, 2023 | 9 months | 1.1 years |
| Jul 19, 2023 | −11.0% | Oct 27, 2023 | Dec 11, 2023 | 3 months | 5 months |
| Feb 2, 2023 | −10.3% | Mar 13, 2023 | Jul 13, 2023 | 39 days | 5 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
OUSM risk statistics
| Statistic | 3 years | 5 years | Since 2016 |
|---|---|---|---|
| Annualized return | +11.4% | +7.8% | +8.6% |
| Volatility (annualized) | 13.8% | 16.2% | 17.2% |
| Sharpe ratio | 0.54 | 0.33 | 0.43 |
| Sortino ratio | 0.87 | 0.52 | 0.63 |
| Best month | +8.1% | +10.5% | +13.1% |
| Worst month | −6.5% | −8.5% | −19.4% |
| Best 12 months | +32.2% | +32.2% | +66.2% |
| Worst 12 months | −4.8% | −11.8% | −19.2% |
| Positive months | 61% | 55% | 61% |
| Beta vs S&P 500 | 0.80 | 0.86 | — |
| Correlation with S&P 500 | 0.72 | 0.84 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
OUSM rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 107 | −19.2% | +7.6% | +66.2% | 80% |
| 3-year (a year) | 83 | −3.9% | +10.0% | +21.3% | 98% |
| 5-year (a year) | 59 | +4.9% | +9.0% | +17.1% | 100% |
Every holding period starting at a month-end since 2016. Returns for 3 years and longer are annualized.
OUSM performance overview
ALPS O'Shares U.S. Small-Cap Quality Dividend… (OUSM) returned +10.9% over the past year and +7.8% a year over five years, with distributions reinvested. Since its first recorded price in 2016 it has returned +9.1% a year, turning $10,000 into about $23,587. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −39.8%, from Jan 16, 2020 to Mar 23, 2020, and it took 8 months to get back to the old high. OUSM finished 7 of its 9 full calendar years with a gain; the best year was 2019 (+28.0%) and the worst 2018 (−10.6%). Volatility has been 17.2% a year.
Related: OUSM chart, OUSM holdings, OUSM dividends, OUSM valuation. See the OUSM overview for the latest quote and fund facts.
OUSM performance FAQ
What is the OUSM return over the past year?
OUSM returned +10.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 8.5%.
What is the average annual return of OUSM?
OUSM has returned +7.8% a year over 5 years, +9.1% a year since December 30, 2016 (total return, distributions reinvested).
How much would $10,000 invested in OUSM be worth?
$10,000 invested in OUSM at its first recorded close on December 30, 2016 would be worth about $23,587 on October 23, 2026 with distributions reinvested.
What was the worst year for OUSM?
The worst calendar year was 2018, with a total return of −10.6%. The best was 2019 at +28.0%.
What is the biggest drawdown of OUSM?
The largest peak-to-trough decline was −39.8% between January 16, 2020 and March 23, 2020. It recovered to the old high on November 16, 2020, 8 months after the bottom.
How volatile is OUSM?
Over the past 3 years OUSM had an annualized volatility of 13.8% and a Sharpe ratio of 0.54 (excess return over 1–3 month T-bills per unit of risk).