Is ALPS (OUSA) a Strong ETF Right Now?

Core Viewpoint - The ALPS (OUSA) is a smart beta ETF launched to provide broad exposure to the Style Box - Large Cap Value category, with a focus on outperforming traditional market cap weighted indexes [1][5]. Fund Overview - OUSA was launched on July 14, 2015, and is designed to match the performance of the FTSE US Qual / Vol / Yield Factor 5% Capped Index [1][5]. - The fund is managed by Alps and has accumulated over $810.22 million in assets, categorizing it as an average-sized ETF in its segment [5]. Cost Structure - The annual operating expenses for OUSA are 0.48%, which is competitive with most peer products in the same space [6]. - The ETF has a 12-month trailing dividend yield of 1.32% [6]. Sector Exposure and Holdings - OUSA has a significant allocation in the Financials sector, comprising approximately 26.6% of the portfolio, followed by Information Technology and Healthcare [7]. - Microsoft Corp. (MSFT) is the largest holding at about 5.74%, with the top 10 holdings accounting for approximately 43.56% of total assets [8]. Performance Metrics - As of August 7, 2025, OUSA has gained about 3.13% year-to-date and 11.88% over the past year [10]. - The ETF has traded between $47.97 and $55.50 in the past 52 weeks, with a beta of 0.83 and a standard deviation of 13.53% over the trailing three-year period, indicating medium risk [10]. Alternatives - Other ETFs in the same space include Schwab U.S. Dividend Equity ETF (SCHD) and Vanguard Value ETF (VTV), with SCHD having $69.59 billion in assets and an expense ratio of 0.06%, while VTV has $138.9 billion and an expense ratio of 0.04% [12].