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ATFV vs. QPX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between ATFV and QPX is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


Performance

ATFV vs. QPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alger 35 ETF (ATFV) and AdvisorShares Q Dynamic Growth ETF (QPX). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

ATFV:

0.90

QPX:

0.65

Sortino Ratio

ATFV:

1.37

QPX:

1.12

Omega Ratio

ATFV:

1.19

QPX:

1.16

Calmar Ratio

ATFV:

1.01

QPX:

0.80

Martin Ratio

ATFV:

3.03

QPX:

3.04

Ulcer Index

ATFV:

9.64%

QPX:

4.68%

Daily Std Dev

ATFV:

31.36%

QPX:

20.29%

Max Drawdown

ATFV:

-45.34%

QPX:

-34.75%

Current Drawdown

ATFV:

-5.54%

QPX:

-1.08%

Returns By Period

In the year-to-date period, ATFV achieves a 4.49% return, which is significantly higher than QPX's 2.96% return.


ATFV

YTD

4.49%

1M

24.88%

6M

9.22%

1Y

27.96%

5Y*

N/A

10Y*

N/A

QPX

YTD

2.96%

1M

12.57%

6M

4.42%

1Y

13.07%

5Y*

N/A

10Y*

N/A

*Annualized

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ATFV vs. QPX - Expense Ratio Comparison

ATFV has a 0.55% expense ratio, which is lower than QPX's 1.46% expense ratio.


Risk-Adjusted Performance

ATFV vs. QPX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ATFV
The Risk-Adjusted Performance Rank of ATFV is 7777
Overall Rank
The Sharpe Ratio Rank of ATFV is 7979
Sharpe Ratio Rank
The Sortino Ratio Rank of ATFV is 7777
Sortino Ratio Rank
The Omega Ratio Rank of ATFV is 7777
Omega Ratio Rank
The Calmar Ratio Rank of ATFV is 8181
Calmar Ratio Rank
The Martin Ratio Rank of ATFV is 7171
Martin Ratio Rank

QPX
The Risk-Adjusted Performance Rank of QPX is 6969
Overall Rank
The Sharpe Ratio Rank of QPX is 6464
Sharpe Ratio Rank
The Sortino Ratio Rank of QPX is 6767
Sortino Ratio Rank
The Omega Ratio Rank of QPX is 6868
Omega Ratio Rank
The Calmar Ratio Rank of QPX is 7373
Calmar Ratio Rank
The Martin Ratio Rank of QPX is 7272
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

ATFV vs. QPX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Alger 35 ETF (ATFV) and AdvisorShares Q Dynamic Growth ETF (QPX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


The current ATFV Sharpe Ratio is 0.90, which is higher than the QPX Sharpe Ratio of 0.65. The chart below compares the historical Sharpe Ratios of ATFV and QPX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

ATFV vs. QPX - Dividend Comparison

ATFV's dividend yield for the trailing twelve months is around 0.16%, while QPX has not paid dividends to shareholders.


TTM202420232022
ATFV
Alger 35 ETF
0.16%0.16%0.01%0.05%
QPX
AdvisorShares Q Dynamic Growth ETF
0.00%0.00%0.00%0.00%

Drawdowns

ATFV vs. QPX - Drawdown Comparison

The maximum ATFV drawdown since its inception was -45.34%, which is greater than QPX's maximum drawdown of -34.75%. Use the drawdown chart below to compare losses from any high point for ATFV and QPX. For additional features, visit the drawdowns tool.


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Volatility

ATFV vs. QPX - Volatility Comparison

Alger 35 ETF (ATFV) has a higher volatility of 7.96% compared to AdvisorShares Q Dynamic Growth ETF (QPX) at 4.48%. This indicates that ATFV's price experiences larger fluctuations and is considered to be riskier than QPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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