OUSA: High-Quality, Low-Beta Dividend Stocks With Unconvincing Returns And High Fee

  • OUSA is a passively managed ETF tracking the O'Shares U.S. Quality Dividend Index. I have been covering OUSA since 2021, and today I maintain my Hold rating due to its underperformance, low dividend yield, and high expense ratio of 48 bps. Compared to SCHD, OUSA is more expensive but growthier. Its quality characteristics are stronger, yet on the dividend front, it is mostly behind SCHD.