SPDR MSCI USA StrategicFactors ETF (QUS) Performance
QUS total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +13.1% since Dec 31, 2025
- 1 year
- +15.5% total return
- 5 years
- +11.0% a year
- 10 years
- +14.1% a year
- Since first price
- +12.8% a year since 2015
QUS trailing returns vs SPY, QQQ, AGG
| Period | QUS total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +2.2% | +2.2% | −1.0% | −5.0% | +0.9% |
| 3 months | +5.3% | +5.3% | +3.2% | +1.9% | −0.4% |
| 6 months | +9.3% | +8.7% | +7.8% | +8.4% | −1.5% |
| YTD | +13.1% | +12.5% | +12.3% | +15.1% | −1.0% |
| 1 year | +15.5% | +14.0% | +14.4% | +15.9% | −1.1% |
| 3 years | +72.5%+19.9%/yr | +64.7% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +68.3%+11.0%/yr | +55.8% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +273.9%+14.1%/yr | +216.1% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionApr 16, 2015 | +298.6%+12.8%/yr | +226.8% | — | — | — |
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: QUS vs SPY
From Apr 16, 2015: QUS grew to $39,861, SPY to $43,649.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
QUS returns by calendar year
8 of 10 full years positive. Best 2019 (+32.4%), worst 2022 (−14.2%). 2026 is year to date.
QUS annual returns table
| Year | QUS | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +13.1% | −6.9% | +12.3% | +15.1% | −1.0% |
| 2025 | +14.1% | −13.9% | +17.7% | +20.8% | +7.2% |
| 2024 | +19.2% | −5.6% | +24.9% | +25.6% | +1.3% |
| 2023 | +21.8% | −8.2% | +26.2% | +54.9% | +5.7% |
| 2022 | −14.2% | −22.1% | −18.2% | −32.6% | −13.0% |
| 2021 | +26.7% | −5.7% | +28.7% | +27.4% | −1.8% |
| 2020 | +12.4% | −33.8% | +18.3% | +48.6% | +7.5% |
| 2019 | +32.4% | −5.6% | +31.2% | +39.0% | +8.5% |
| 2018 | −3.7% | −17.4% | −4.6% | −0.1% | +0.1% |
| 2017 | +21.7% | −2.3% | +21.7% | +32.7% | +3.6% |
| 2016 | +9.7% | −7.6% | +12.0% | +7.1% | +2.4% |
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.
QUS largest drawdowns
Now 0.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 19, 2020 | −33.8% | Mar 23, 2020 | Sep 2, 2020 | 33 days | 6 months |
| Dec 29, 2021 | −22.3% | Oct 12, 2022 | Dec 1, 2023 | 9 months | 1.9 years |
| Sep 21, 2018 | −17.4% | Dec 24, 2018 | Apr 1, 2019 | 3 months | 6 months |
| Feb 19, 2025 | −13.9% | Apr 8, 2025 | Jun 30, 2025 | 48 days | 4 months |
| Nov 2, 2015 | −11.5% | Jan 20, 2016 | Mar 30, 2016 | 3 months | 5 months |
| May 21, 2015 | −10.5% | Aug 24, 2015 | Oct 23, 2015 | 3 months | 5 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
QUS risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2015 |
|---|---|---|---|---|
| Annualized return | +18.2% | +11.5% | +13.5% | +12.7% |
| Volatility (annualized) | 10.2% | 13.6% | 13.9% | 13.8% |
| Sharpe ratio | 1.27 | 0.61 | 0.83 | 0.79 |
| Sortino ratio | 2.20 | 0.93 | 1.27 | 1.23 |
| Best month | +7.7% | +8.3% | +11.2% | +11.2% |
| Worst month | −5.0% | −8.6% | −12.2% | −12.2% |
| Best 12 months | +33.4% | +33.4% | +48.2% | +48.2% |
| Worst 12 months | +8.5% | −14.2% | −14.2% | −14.2% |
| Positive months | 78% | 67% | 71% | 69% |
| Beta vs S&P 500 | 0.73 | 0.83 | 0.88 | — |
| Correlation with S&P 500 | 0.89 | 0.95 | 0.97 | — |
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.
QUS rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 127 | −14.2% | +13.6% | +48.2% | 90% |
| 3-year (a year) | 103 | +5.8% | +12.8% | +23.6% | 100% |
| 5-year (a year) | 79 | +8.8% | +13.2% | +17.5% | 100% |
| 10-year (a year) | 19 | +12.0% | +13.5% | +14.3% | 100% |
Every holding period starting at a month-end since 2015. Returns for 3 years and longer are annualized.
QUS performance overview
SPDR MSCI USA StrategicFactors ETF (QUS) returned +15.5% over the past year and +14.1% a year over ten years, with distributions reinvested. Since its first recorded price in 2015 it has returned +12.8% a year, turning $10,000 into about $39,861. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −33.8%, from Feb 19, 2020 to Mar 23, 2020, and it took 5 months to get back to the old high. QUS finished 8 of its 10 full calendar years with a gain; the best year was 2019 (+32.4%) and the worst 2022 (−14.2%). Volatility has been 13.8% a year.
Related: QUS chart, QUS holdings, QUS dividends, QUS valuation. See the QUS overview for the latest quote and fund facts.
QUS performance FAQ
What is the QUS return over the past year?
QUS returned +15.5% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 14.0%.
What is the average annual return of QUS?
QUS has returned +11.0% a year over 5 years, +14.1% a year over 10 years, +12.8% a year since April 16, 2015 (total return, distributions reinvested).
How much would $10,000 invested in QUS be worth?
$10,000 invested in QUS at its first recorded close on April 16, 2015 would be worth about $39,861 on October 23, 2026 with distributions reinvested.
What was the worst year for QUS?
The worst calendar year was 2022, with a total return of −14.2%. The best was 2019 at +32.4%.
What is the biggest drawdown of QUS?
The largest peak-to-trough decline was −33.8% between February 19, 2020 and March 23, 2020. It recovered to the old high on September 2, 2020, 5 months after the bottom.
How volatile is QUS?
Over the past 3 years QUS had an annualized volatility of 10.2% and a Sharpe ratio of 1.27 (excess return over 1–3 month T-bills per unit of risk).