QUS invests in the 500 companies of the S&P 500, giving each roughly the same weight rather than weighting by size. It charges 0.29% a year, has $1.4b invested and returned +6.6% over the past year. The most similar ETF is HQUS, which overlaps with it by about 83%.
📅 As at 30 September 2026: fee, size and 1-year return from the TMX Australia funds report; holdings and overlap from QUS’s published holdings as at 30 October 2026.
Is it a good time to buy QUS?
Nobody can time the market perfectly, but you can check the trend before you buy. Here’s where QUS stands right now.
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| Net flow, September | +$21m |
| Net flow, 2026 so far | +$441m |
| Average month in 2026 | +$49m |
Is the whole market risk on, caution or risk off this week? Members see it every Sunday, with the core ETF check-up.
🔒 See it free for 30 days →QUS is in an uptrend. That doesn’t mean it will keep rising, but buying into an uptrend means the trend is currently on your side. Many investors still prefer to add gradually rather than all at once.
General information only, not a recommendation to buy or sell QUS. Whether it suits you depends on your goals and the rest of your portfolio. Trend updated weekly; flows from the TMX Australia funds report (September 2026) and the Global X weekly market monitor. See every ETF’s trend in the ETF trend scanner, or read when to buy an ETF.
What is QUS?
Index: S&P 500 Equal Weight Index · Issuer: Betashares · Exchange: ASX
Top 10 holdings
The 10 largest companies make up 3% of QUS.
| # | Company | Weight | |
|---|---|---|---|
| 1 | Moderna IncHealth Care | 0.33% | |
| 2 | PTC IncInformation Technology | 0.29% | |
| 3 | Accenture PLCInformation Technology | 0.28% | |
| 4 | Hasbro IncConsumer Discretionary | 0.26% | |
| 5 | Gartner IncInformation Technology | 0.26% | |
| 6 | Mettler-Toledo International IncHealth Care | 0.26% | |
| 7 | Everpure IncInformation Technology | 0.26% | |
| 8 | Dow Hldgs IncMaterials | 0.25% | |
| 9 | Charles River Laboratories International IncHealth Care | 0.25% | |
| 10 | Biogen IncHealth Care | 0.25% |
Sector breakdown
ETFs most similar to QUS
How much each ETF’s holdings overlap with QUS, by weight. High overlap means owning both mostly doubles up.
| ETF | Overlap | |
|---|---|---|
| HQUSBeta S&P 500 Equal Weight Currency Hedged ETF | 83% | Compare in calculator → |
| SPYState Street SPDR S&P 500 ETF | 33% | Compare in calculator → |
| UYLDGlobal X S&P 500 Covered Call Complex ETF | 33% | Compare in calculator → |
| VTSVanguard Morningstar Us Total Mkt Shares Index ETF | 31% | Compare in calculator → |
| V5AHVanguard S&P 500 Us Shares Index (Hedged) ETF | 31% | Compare in calculator → |
| V500Vanguard S&P 500 Us Shares Index ETF | 31% | Compare in calculator → |
Core or satellite?
CORE US shares
QUS can be a US core holding, or used beside IVV to reduce concentration. Read more in core and satellite investing.
Read more: Best ETFs in Australia
QUS FAQs
Is QUS a good ETF?
QUS is a well-established way to own the US market without leaning on the largest tech companies. It has lagged in recent years as those companies led. Whether it suits you depends on your goals and the rest of your portfolio.
What does QUS invest in?
QUS invests in the 500 companies of the S&P 500, giving each roughly the same weight rather than weighting by size. Its largest holdings are Moderna Inc, PTC Inc, Accenture PLC, and its biggest sector is health care at about 16%.
What ETFs are similar to QUS?
The ETFs with the most overlap with QUS are HQUS (about 83%) and SPY (about 33%). Use the free ETF overlap calculator to check your own mix.
Should I own QUS and HQUS together?
Usually there is little point: their holdings overlap by about 83%, so owning both mostly doubles up.
Fee, size and returns: TMX Australia Funds Report to 30 September 2026; returns are total returns, 5-year figure is cumulative. Holdings from Betashares as at 30 October 2026; sector split based on the holdings we can see, about 83% of the fund. Chart: TradingView. General information only, not a recommendation to buy or sell QUS. Consider the PDS and TMD before investing.