OUSA vs VIG: Grades, Fees and Holdings Compared

ALPS Funds O’Shares U.S. Quality Dividend ETF

OUSACNYSE Arca

Vanguard Dividend Appreciation ETF

VIGANYSE Arca

Overlap

47.9%by weight

Expense ratio

VIG −0.44pt a year

OUSA0.48%VIG0.04%

Avg volume · 30D

VIG 49.2×the volume

OUSA20.8KVIG1.02M

10Y return · a year

VIG +2.6pt

OUSA+11.2%VIG+13.8%

OUSA vs VIG Performance

Oct 29, 2021 – Oct 30, 2026

+55.9%OUSA+65.3%VIG

Expense ratio: OUSA 0.48%; VIG 0.04%, better
Fund size: OUSA $735M; VIG $128B
1Y total return: OUSA +14.1%; VIG +16.0%, better
Yield (12M): OUSA 1.34%; VIG 1.47%, better
Holdings: OUSA 101; VIG 335
Avg volume (30D): OUSA 20.8K sh; VIG 1.02M sh, better
NAV per share: OUSA $62.95; VIG $247.72
52W range

ETF.net Grade

Pillar letters and Scores for OUSA, VIG, with each pillar’s weight
Pillar	OUSA	VIG
Cost30% weight	F22	A100Higher
Mission25% weight	A81	A84Higher
Risk15% weight	C54	B62Higher
Tradability15% weight	B55	B59Higher
Holdings10% weight	D36	C52Higher
Durability5% weight	B59	A92Higher

Rank among US Dividend Index funds

How we build Categories ›

Same Category. OUSA and VIG are both graded against the same 52 US Dividend Index funds, so their Grades compare head to head.

US Dividend Index⁠

Category · 52 funds

See all 52 ›

VIG ranks 5th and OUSA 37th of 52 funds in the US Dividend Index Category.

Rank 4ASPYDState Street SPDR Portfolio S&P 500 High Dividend ETFScore 79
Rank 5AVIGVanguard Dividend Appreciation ETFScore 78
Rank 6ADLNWisdomTree U.S. LargeCap Dividend FundScore 74
Rank 37CJHDVJohn Hancock U.S. High Dividend ETFScore 49
Rank 37COUSAALPS Funds O’Shares U.S. Quality Dividend ETFScore 49
Rank 37CQDFNorthern Trust Quality Dividend ETFScore 49

Our read on each fund

ETF.net Research

OUSACALPS Funds O’Shares U.S. Quality Dividend ETF

VIGAVanguard Dividend Appreciation ETF

In short

OUSA Three filters, one dividend fund: quality, low volatility and dividend growth, stacked on US large- and mid-caps, then paid out monthly. The boutique, premium-priced take in an aisle stocked with cheap giants.

VIG VIG buys dividend growth, not fat yields: about 300 US companies with a record of raising their payouts, tracked for 0.04% a year. Running since 2006 and now north of $100 billion, it is the plain-vanilla anchor of the dividend-screen aisle.

Stated mandate

OUSA OUSA seeks, before fees and expenses, to track the O'Shares U.S. Quality Dividend Index. It is designed to provide access to U.S. large- and mid-cap dividend-paying companies selected using quality, low-volatility and dividend-growth measures.

VIG The fund seeks to track the S&P U.S. Dividend Growers Index, which represents common stocks of companies with a record of increasing dividends over time.

Why people hold it

OUSA No yield chase. The index screens US large- and mid-caps on quality, low volatility and dividend growth, so the filters come before the payout.alpsfunds.com
Distributions land monthly, and the portfolio stays tight at roughly 100 names rather than sprawling across the whole dividend market.
Live since 2015, with real trading history through rate swings and drawdowns instead of a backtest. The holdings line up with the index it advertises.

VIG At 0.04% a year, the fee is roughly a tenth of the typical dividend-screen fund's 0.39%, and undercuts every other top-graded fund in the group, DGRO and SCHD included.
The screen rewards a record of increasing dividends rather than the biggest current payout, so the basket leans on payout discipline instead of stretched yields.
Live since 2006, over $100 billion in assets and actively traded, which shows up as easy fills rather than wide spreads.
About 300 holdings, cash paid quarterly, and one of the strongest overall implementations in its dividend-screen peer group.

Worth knowing

OUSA At 0.48% a year it costs more than the typical dividend screener, and index heavyweights like SCHD, VIG and DGRO charge a fraction of that.
Trading is thin next to the category's giants, which can mean wider spreads on the way in and on the way out.
In a crowded field of dividend screeners it sits in the lower stretch overall, with cost the main drag on an otherwise on-mandate portfolio.

VIG Growth of payouts, not maximum income, is the mandate. That puts it on a different axis than high-dividend funds such as SPYD.
US stocks only, no bonds and no overseas payers, and sector weights are whatever the index screen spits out.
Portfolio risk and concentration measures land mid-pack for the category: it is fully invested in equities and drops when the market drops.

Full OUSA profile⁠

Full VIG profile⁠

OUSA vs VIG Holdings

How OUSA and VIG differ

Overlap by weight

47.9%

Shared holdings make up 75.2% of OUSA and 66.1% of VIG.

Level by level

Holdings66 in both47.9%
Sector10 Sectors78.7%
Countryby domicile98.5%
Asset classEquity100%

Sector

Sector weights in OUSA and VIG, widest gap first
Sector	More in OUSAMore in VIG	OUSA	VIG
Communication	OUSA +13.1 points	13.1%	0.0%
Consumer Discretionary	OUSA +8.2 points	12.1%	3.9%
Health Care	VIG +5.3 points	13.4%	18.7%
Energy	VIG +3.6 points	0.0%	3.6%
Materials	VIG +3.2 points	0.0%	3.2%
Financials	VIG +2.9 points	17.8%	20.7%
Technology	VIG +2.7 points	24.7%	27.4%
Consumer Staples	VIG +2.7 points	6.4%	9.1%
Utilities	VIG +0.7 points	2.0%	2.7%
Industrials	VIG +0.3 points	10.5%	10.8%

Country, concentration and asset class

Country by domicile

Country weights in OUSA and VIG, widest gap first
Country	More in OUSAMore in VIG	OUSA	VIG
United States	VIG +1.4 points	98.5%	100.0%
China	OUSA +0.7 points	0.7%	0.0%
Switzerland	OUSA +0.7 points	0.7%	0.0%

Concentration

Weight in the 10 largest Holdings

OUSA41.8%
VIG34.6%

Securities held

OUSA100
VIG334

Asset class

OUSA: Equity
VIG: Equity

Holdings

Only in OUSA34
In both66
Only in VIG268

Only in OUSA

34 securities, 24.6% of OUSA by weight

Alphabet Inc.4.01%
TJX Cos. Inc.3.04%
Meta Platforms Inc.2.05%
AT&T Inc.1.77%
Walt Disney Co.1.30%
Verizon Communications Inc.1.25%
T-Mobile US Inc.1.22%
Bristol-Myers Squibb Co.1.09%
Comcast Corp.0.95%
Yum! Brands Inc.0.70%
Philip Morris International Inc.0.70%
Altria Group Inc.0.59%
Paychex Inc.0.55%
NVIDIA Corp.0.47%
VeriSign Inc.0.44%
Otis Worldwide Corp.0.39%
RTX Corp.0.38%
Booking Holdings Inc.0.38%
Cognizant Technology Solutions Corp.0.36%
Trane Technologies PLC0.33%
Parker-Hannifin Corp.0.32%
Ross Stores Inc.0.29%
Cigna Group0.24%
T Rowe Price Group Inc.0.22%
eBay Inc.0.22%
General Electric Co.0.22%
Garmin Ltd.0.20%
AMETEK Inc.0.20%
American Express Co.0.20%
3M Co.0.17%
PACCAR Inc.0.13%
Kimberly-Clark Corp.0.10%
Kenvue Inc.0.07%
Hershey Co.0.06%

Only in VIG

268 securities, 33.8% of VIG by weight

ExxonMobil Holdings Corp2.98%
Walmart Inc2.06%
Lam Research Corp1.83%
Bank of America Corp1.57%
KLA Corp1.13%
Goldman Sachs Group Inc/The1.09%
Oracle Corp1.06%
Morgan Stanley1.00%
Linde PLC0.97%
Gilead Sciences Inc0.82%
Danaher Corp0.62%
Starbucks Corp0.48%
Phillips 660.45%
McKesson Corp0.44%
Bank of New York Mellon Corp/The0.44%
CME Group Inc0.42%
Emerson Electric Co0.38%
PNC Financial Services Group Inc/The0.38%
Intercontinental Exchange Inc0.38%
Elevance Health Inc0.36%
Sherwin-Williams Co/The0.33%
Ecolab Inc0.31%
American Electric Power Co Inc0.29%
Air Products and Chemicals Inc0.28%
Arthur J Gallagher & Co0.26%
Comfort Systems USA Inc0.26%
Cencora Inc0.25%
Nucor Corp0.24%
Cardinal Health Inc0.23%
Sempra0.23%
MetLife Inc0.22%
Honeywell Aerospace Inc0.22%
Becton Dickinson & Co0.22%
Agilent Technologies Inc0.22%
Rockwell Automation Inc0.21%
State Street Corp0.21%
Entergy Corp0.21%
Fifth Third Bancorp0.20%
L3Harris Technologies Inc0.20%
Xcel Energy Inc0.20%
Ameriprise Financial Inc0.19%
NIKE Inc0.19%
Microchip Technology Inc0.19%
Republic Services Inc0.18%
Nasdaq Inc0.18%
Archer-Daniels-Midland Co0.17%
Sysco Corp0.17%
DR Horton Inc0.15%
Roper Technologies Inc0.15%
Public Service Enterprise Group Inc0.15%

Weight gaps

All 66 Holdings in both funds, largest gap first.

Holding weights in OUSA and VIG, widest gap first
Holding	More in OUSAMore in VIG	OUSA	VIG
Broadcom Inc.AVGO	VIG +3.68 points	0.64%	4.32%
JPMorgan Chase & Co.JPM	VIG +3.32 points	0.59%	3.91%
Mastercard Inc.MA	OUSA +3.05 points	5.03%	1.98%
Visa Inc.V	OUSA +2.84 points	5.38%	2.54%
Home Depot Inc.HD	OUSA +2.56 points	3.82%	1.26%
Eli Lilly & Co.LLY	VIG +2.47 points	1.65%	4.12%
Johnson & JohnsonJNJ	OUSA +2.06 points	4.90%	2.84%
McDonald's Corp.MCD	OUSA +1.95 points	2.68%	0.73%
Accenture PLCACN	OUSA +1.59 points	2.09%	0.50%
NextEra Energy Inc.NEE	OUSA +1.31 points	2.01%	0.70%
Merck & Co. Inc.MRK	VIG +1.29 points	0.30%	1.59%
Caterpillar Inc.CAT	VIG +1.29 points	0.37%	1.66%
UnitedHealth Group Inc.UNH	VIG +1.10 points	0.37%	1.47%
Costco Wholesale Corp.COST	VIG +1.03 points	0.77%	1.80%
Cisco Systems Inc.CSCO	OUSA +0.98 points	2.87%	1.89%
AbbVie Inc.ABBV	VIG +0.92 points	1.14%	2.06%
Amgen Inc.AMGN	OUSA +0.91 points	1.92%	1.01%
Allstate Corp.ALL	OUSA +0.80 points	1.05%	0.25%
Automatic Data Processing Inc.ADP	OUSA +0.79 points	1.25%	0.46%
Illinois Tool Works Inc.ITW	OUSA +0.78 points	1.08%	0.30%
Lowe's Cos. Inc.LOW	OUSA +0.74 points	1.20%	0.46%
Marsh & McLennan Cos. Inc.MRSH	OUSA +0.69 points	1.05%	0.36%
International Business Machines Corp.IBM	VIG +0.59 points	0.33%	0.92%
Fastenal Co.FAST	OUSA +0.56 points	0.81%	0.25%
Eaton Corp. PLCETN	VIG +0.55 points	0.19%	0.74%
Motorola Solutions Inc.MSI	OUSA +0.52 points	0.85%	0.33%
QUALCOMM Inc.QCOM	VIG +0.51 points	0.36%	0.87%
Blackrock Inc.BLK	VIG +0.43 points	0.25%	0.68%
TE Connectivity PLCTEL	OUSA +0.43 points	0.70%	0.27%
Cintas Corp.CTAS	OUSA +0.40 points	0.70%	0.30%
Moody's Corp.MCO	OUSA +0.40 points	0.70%	0.30%
Texas Instruments Inc.TXN	OUSA +0.30 points	1.44%	1.14%
Cboe Global Markets Inc.CBOE	OUSA +0.29 points	0.42%	0.13%
General Dynamics Corp.GD	OUSA +0.29 points	0.66%	0.37%
Snap-on Inc.SNA	OUSA +0.29 points	0.37%	0.08%
MSCI Inc.MSCI	OUSA +0.29 points	0.46%	0.17%
Lockheed Martin Corp.LMT	OUSA +0.28 points	0.74%	0.46%
Union Pacific Corp.UNP	OUSA +0.27 points	0.98%	0.72%
Procter & Gamble Co.PG	OUSA +0.26 points	1.76%	1.50%
Zoetis Inc.ZTS	OUSA +0.25 points	0.38%	0.13%
Travelers Cos. Inc.TRV	OUSA +0.24 points	0.57%	0.33%
Mondelez International Inc.MDLZ	VIG +0.21 points	0.12%	0.33%
Aon PLCAON	OUSA +0.18 points	0.44%	0.26%
Cincinnati Financial Corp.CINF	OUSA +0.18 points	0.29%	0.11%
Amphenol Corp.APH	VIG +0.17 points	0.75%	0.92%
Hartford Insurance Group Inc.HIG	OUSA +0.16 points	0.31%	0.15%
Broadridge Financial Solutions Inc.BR	OUSA +0.15 points	0.23%	0.08%
Microsoft Corp.MSFT	OUSA +0.14 points	5.06%	4.92%
Apple Inc.AAPL	OUSA +0.13 points	5.04%	4.91%
Analog Devices Inc.ADI	VIG +0.12 points	0.74%	0.86%
Abbott LaboratoriesABT	OUSA +0.12 points	0.88%	0.76%
Medtronic PLCMDT	VIG +0.11 points	0.38%	0.49%
Honeywell International Inc.HON	VIG +0.11 points	0.19%	0.30%
Colgate-Palmolive Co.CL	VIG +0.09 points	0.21%	0.30%
Northrop Grumman Corp.NOC	OUSA +0.09 points	0.38%	0.29%
CSX Corp.CSX	VIG +0.08 points	0.30%	0.38%
WW Grainger Inc.GWW	OUSA +0.07 points	0.31%	0.24%
PepsiCo Inc.PEP	VIG +0.07 points	0.70%	0.77%
Cummins Inc.CMI	VIG +0.07 points	0.25%	0.32%
S&P Global Inc.SPGI	VIG +0.03 points	0.50%	0.53%
Aflac Inc.AFL	OUSA +0.03 points	0.25%	0.22%
Stryker Corp.SYK	VIG +0.02 points	0.41%	0.43%
Intuit Inc.INTU	OUSA +0.01 points	0.35%	0.34%
Waste Management Inc.WM	Same weight	0.34%	0.34%
Chubb Ltd.CB	Same weight	0.51%	0.51%
Coca-Cola Co.KO	Same weight	1.48%	1.48%

All 101 OUSA holdings⁠All 338 VIG holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

OUSA vs VIG Cost

Overpaying OUSA vs VIG

$8,756

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

OUSA 0.48%
$9,605
VIG 0.04%
$849

Amount$10,000

Years30 years

Cost over time

OUSA 0.48%
VIG 0.04%
Overpaying

Year by year

Year	OUSA	VIG	Overpaying
10	$865	$73	$792
20	$3,328	$288	$3,040
30	$9,605	$849	$8,756

Expense ratio

0.48%OUSA
0.04%VIG, cheaper

VIG0.04%OUSA0.48%

0.04%0.70%

Middle half of US Dividend Index funds
Median 0.35%

VIG cheapest of 52 funds

OUSA 41st cheapest of 52 funds

OUSA vs VIG Dividends

Last 12 months to Oct 30, 2026

Yield (12M): OUSA 1.34%; VIG 1.47%, better
Payout (12M): OUSA $0.85; VIG $3.65
Last payment: OUSA $0.09; VIG $0.93
Ex-dividend: OUSA Oct 22, 2026; VIG Sep 28, 2026
Paid on: OUSA Oct 27, 2026; VIG Sep 30, 2026
Frequency: OUSA Monthly; VIG Quarterly

Distribution history

Per share, 2023 to 2026, same scale for both

OUSAMonthly · 46 paymentsAll OUSA payments⁠

VIGQuarterly · 15 paymentsAll VIG payments⁠

OUSA vs VIG Risk

Fall from peak · 5 years

OUSA
VIG

Risk facts

VolatilityStd dev, 3 years: OUSA 10.7%VIG 10.6%, better
Return per unit of riskSharpe ratio, 3 years: OUSA 1.10VIG 1.33, better
Worst fallMax drawdown, 5 years: OUSA −19.5%, betterVIG −20.4%
Market sensitivityBeta, 5 years: OUSA 0.72VIG 0.82; Market = 1

OUSA and VIG in the news

All news⁠

Best ETFs
For a rising dividend, iShares Core Dividend Growth ETF ranks first
Updated Nov 2, 2026VIG
New ETFs
Eventide lists two ETFs at 0.75% and 0.95% for strategies it already runs
Oct 30, 2026VIG
Head-to-Head
SCHD yields twice what VIG does. Over 10 years, VIG still leads.
Oct 22, 2026VIG
Best ETFs
Schwab's dividend ETF returned 22.8% in a year. Its income rate still trails a one-month bill.
Updated Oct 2, 2026VIG
First-Year Review
EASY's first year trailed the defensive index it names
Sep 30, 2026VIG
New ETFs
Raub Brock lists HQDG, an active dividend-growth ETF priced at 0.50%
Sep 8, 2026VIG

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OUSA vs VIG

In short

Stated mandate

Why people hold it