MSOX vs. QPX

Last updated Jul 14, 2026

MSOX (Advisorshares Msos 2x Daily ETF) and QPX (AdvisorShares Q Dynamic Growth ETF) are both exchange-traded funds - MSOX is a Leveraged Equities 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 3 years, MSOX returned -66.53%/yr vs 18.22%/yr for QPX. At a 0.24 correlation, their price movements are largely independent. MSOX charges 0.95%/yr vs 1.46%/yr for QPX.

Performance

MSOX vs. QPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Advisorshares Msos 2x Daily ETF (MSOX) and AdvisorShares Q Dynamic Growth ETF (QPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSOX achieves a -37.05% return, which is significantly lower than QPX's 7.67% return.

MSOX

• 1D: 9.30%
• 1M: -17.54%
• 6M: -43.26%
• YTD: -37.05%
• 1Y: -29.50%
• 3Y*: -66.53%
• 5Y*: —
• 10Y*: —

QPX

• 1D: -1.64%
• 1M: -0.35%
• 6M: 4.15%
• YTD: 7.67%
• 1Y: 22.67%
• 3Y*: 18.22%
• 5Y*: 10.91%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MSOX vs. QPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
MSOX Advisorshares Msos 2x Daily ETF	-37.05%	-51.20%	-87.32%	-39.26%	-76.29%
QPX AdvisorShares Q Dynamic Growth ETF	7.67%	24.12%	17.28%	44.63%	-13.59%

Correlation

The correlation between MSOX and QPX is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (All Time) Calculated using the full available price history since Aug 24, 2022	0.24

Return for Risk

MSOX vs. QPX — Risk / Return Rank

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

MSOX

MSOX Risk / Return Rank: 17
MSOX Sharpe Ratio Rank: 8
MSOX Sortino Ratio Rank: 34
MSOX Omega Ratio Rank: 30
MSOX Calmar Ratio Rank: 6
MSOX Martin Ratio Rank: 7

QPX

QPX Risk / Return Rank: 52
QPX Sharpe Ratio Rank: 55
QPX Sortino Ratio Rank: 52
QPX Omega Ratio Rank: 52
QPX Calmar Ratio Rank: 49
QPX Martin Ratio Rank: 55

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MSOX vs. QPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Advisorshares Msos 2x Daily ETF (MSOX) 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.

	MSOX	QPX	Difference
Sharpe ratio: Return per unit of total volatility	-0.13	1.48	-1.62
Sortino ratio: Return per unit of downside risk	1.49	2.03	-0.54
Omega ratio: Gain probability vs. loss probability	1.17	1.26	-0.09
Calmar ratio: Return relative to maximum drawdown	-0.35	1.97	-2.32
Martin ratio: Return relative to average drawdown	-0.50	7.41	-7.91

MSOX vs. QPX - Sharpe Ratio Comparison

The current MSOX Sharpe Ratio is -0.13, which is lower than the QPX Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of MSOX and QPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MSOX vs. QPX - Drawdown Comparison

The maximum MSOX drawdown since its inception was -99.75%, which is greater than QPX's maximum drawdown of -34.74%. Use the drawdown chart below to compare losses from any high point for MSOX and QPX.

Drawdown Indicators

	MSOX	QPX	Difference
Max Drawdown Largest peak-to-trough decline	-99.75%	-34.74%	-65.01%
Max Drawdown (1Y) Largest decline over 1 year	-84.89%	-11.56%	-73.33%
Max Drawdown (3Y) Largest decline over 3 years	-98.83%	-17.89%	-80.94%
Max Drawdown (5Y) Largest decline over 5 years	—	-34.74%	—
Current Drawdown Current decline from peak	-99.58%	-3.53%	-96.05%
Average Drawdown Average peak-to-trough decline	-89.04%	-7.97%	-81.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	59.62%	3.07%	+56.55%

Volatility

MSOX vs. QPX - Volatility Comparison

Advisorshares Msos 2x Daily ETF (MSOX) has a higher volatility of 33.52% compared to AdvisorShares Q Dynamic Growth ETF (QPX) at 5.79%. This indicates that MSOX'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.

Volatility by Period

	MSOX	QPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	33.52%	5.79%	+27.73%
Volatility (6M) Calculated over the trailing 6-month period	112.31%	12.64%	+99.67%
Volatility (1Y) Calculated over the trailing 1-year period	220.61%	15.39%	+205.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	167.49%	20.13%	+147.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	167.49%	20.03%	+147.46%

MSOX vs. QPX - Expense Ratio Comparison

MSOX has a 0.95% expense ratio, which is lower than QPX's 1.46% expense ratio.

Dividends

MSOX vs. QPX - Dividend Comparison

Neither MSOX nor QPX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MSOX and QPX in my portfolio?

MSOX and QPX have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MSOX or QPX?

MSOX has higher volatility (33.52%) compared to QPX (5.79%). In terms of maximum drawdown, MSOX dropped -99.75% vs QPX's -34.74%.

Which ETF is better, MSOX or QPX?

On 3-year performance, QPX leads with 18.22% vs -66.53% for MSOX. On fees, MSOX is cheaper at 0.95% per year. On volatility, QPX has been the lower-risk option at 5.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSOX or QPX?

Over the 3-year period, QPX has performed better with a 18.22% return vs -66.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MSOX or QPX?

MSOX is cheaper with a 0.95% expense ratio, compared with 1.46% for QPX.

Which ETF pays a higher dividend yield, MSOX or QPX?

MSOX and QPX have nearly identical dividend yields, around 0.00%.

What is the main difference between MSOX and QPX?

MSOX is categorized as Leveraged Equities, while QPX is Large Cap Growth Equities. Their fees differ too: 0.95% for MSOX and 1.46% for QPX.

Which has better risk-adjusted returns?

QPX currently has the higher Sharpe Ratio (1.48 vs -0.13), 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.