DWUS vs. QPX
DWUS (AdvisorShares Dorsey Wright FSM US Core ETF) and QPX (AdvisorShares Q Dynamic Growth ETF) are both exchange-traded funds - DWUS is a Diversified Portfolio fund actively managed by AdvisorShares, while QPX is a Large Cap Growth Equities fund actively managed by AdvisorShares. Both are actively managed. Over the past 5 years, DWUS returned 9.13%/yr vs 10.61%/yr for QPX. Their correlation of 0.86 means they have usually moved in the same direction. DWUS charges 1.17%/yr vs 1.46%/yr for QPX.
Performance
DWUS vs. QPX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with DWUS having a 6.13% return and QPX slightly higher at 6.38%.
DWUS
- 1D
- 0.52%
- 1M
- -4.34%
- 6M
- 4.31%
- YTD
- 6.13%
- 1Y
- 13.89%
- 3Y*
- 15.03%
- 5Y*
- 9.13%
- 10Y*
- —
- ALL TIME*
- 15.25%
QPX
- 1D
- 0.67%
- 1M
- -1.67%
- 6M
- 4.08%
- YTD
- 6.38%
- 1Y
- 21.40%
- 3Y*
- 17.19%
- 5Y*
- 10.61%
- 10Y*
- —
- ALL TIME*
- 12.04%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $25.53K | $18.52K | $88.59K | |
| $70.64K | $166.89K | $141.42K |
DWUS vs. QPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DWUS AdvisorShares Dorsey Wright FSM US Core ETF | 6.13% | 12.75% | 20.26% | 20.62% | -17.89% | 20.21% | 0.27% |
QPX AdvisorShares Q Dynamic Growth ETF | 6.38% | 24.12% | 17.28% | 44.63% | -30.90% | 22.29% | -0.31% |
Correlation
The correlation between DWUS and QPX is 0.90, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.90 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (All Time) Calculated using the full available price history since Dec 29, 2020 | 0.86 |
The correlation between DWUS and QPX has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.
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Return for Risk
DWUS vs. QPX — Risk / Return Rank
DWUS
QPX
DWUS vs. QPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Dorsey Wright FSM US Core ETF (DWUS) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DWUS | QPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.22 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 1.74 | -0.81 |
| Martin ratioReturn relative to average drawdown | 3.26 | 6.11 | -2.85 |
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Drawdowns
DWUS vs. QPX - Drawdown Comparison
The maximum DWUS drawdown since its inception was -30.47%, smaller than the maximum QPX drawdown of -34.74%. Use the drawdown chart below to compare losses from any high point for DWUS and QPX.
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Drawdown Indicators
| DWUS | QPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.47% | -34.74% | +4.27% |
Max Drawdown (1Y)Largest decline over 1 year | -14.35% | -11.56% | -2.79% |
Max Drawdown (3Y)Largest decline over 3 years | -19.63% | -17.89% | -1.74% |
Max Drawdown (5Y)Largest decline over 5 years | -26.45% | -34.74% | +8.29% |
Current DrawdownCurrent decline from peak | -10.02% | -4.69% | -5.33% |
Average DrawdownAverage peak-to-trough decline | -6.82% | -7.94% | +1.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.06% | 3.28% | +0.78% |
Volatility
DWUS vs. QPX - Volatility Comparison
AdvisorShares Dorsey Wright FSM US Core ETF (DWUS) has a higher volatility of 8.91% compared to AdvisorShares Q Dynamic Growth ETF (QPX) at 5.11%. This indicates that DWUS'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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Volatility by Period
| DWUS | QPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.91% | 5.11% | +3.80% |
Volatility (6M)Calculated over the trailing 6-month period | 17.97% | 13.00% | +4.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.62% | 15.89% | +4.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.61% | 20.16% | -0.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.60% | 20.01% | +2.59% |
DWUS vs. QPX - Expense Ratio Comparison
DWUS has a 1.17% expense ratio, which is lower than QPX's 1.46% expense ratio.
Dividends
DWUS vs. QPX - Dividend Comparison
DWUS's dividend yield for the trailing twelve months is around 0.03%, while QPX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
DWUS AdvisorShares Dorsey Wright FSM US Core ETF | 0.03% | 0.03% | 0.18% | 0.29% | 0.89% | 0.35% | 0.08% |
QPX AdvisorShares Q Dynamic Growth ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.90, DWUS and QPX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
DWUS has higher volatility (8.91%) compared to QPX (5.11%). In terms of maximum drawdown, DWUS dropped -30.47% vs QPX's -34.74%.
On 5-year performance, QPX leads with 10.61% vs 9.13% for DWUS. On fees, DWUS is cheaper at 1.17% per year. On volatility, QPX has been the lower-risk option at 5.11%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, QPX has performed better with a 10.61% return vs 9.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DWUS is cheaper with a 1.17% expense ratio, compared with 1.46% for QPX.
DWUS has the higher dividend yield at 0.03%, compared with 0.00% for QPX.
DWUS is categorized as Diversified Portfolio, while QPX is Large Cap Growth Equities. Their fees differ too: 1.17% for DWUS and 1.46% for QPX.
QPX currently has the higher Sharpe Ratio (1.26 vs 0.64), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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