QPX vs. DWSH
QPX (AdvisorShares Q Dynamic Growth ETF) and DWSH (AdvisorShares Dorsey Wright Short ETF) are both exchange-traded funds - QPX is a Large Cap Growth Equities fund actively managed by AdvisorShares, while DWSH is a Inverse Equities fund actively managed by AdvisorShares. Both are actively managed. Over the past 5 years, QPX returned 11.26%/yr vs -2.43%/yr for DWSH. At a correlation of -0.60, they often move in opposite directions. QPX charges 1.46%/yr vs 3.67%/yr for DWSH.
Performance
QPX vs. DWSH - Performance Comparison
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Returns By Period
In the year-to-date period, QPX achieves a 8.53% return, which is significantly higher than DWSH's -4.04% return.
QPX
- 1D
- 0.79%
- 1M
- 0.44%
- 6M
- 5.65%
- YTD
- 8.53%
- 1Y
- 23.45%
- 3Y*
- 18.53%
- 5Y*
- 11.26%
- 10Y*
- —
DWSH
- 1D
- 1.79%
- 1M
- -2.21%
- 6M
- 0.73%
- YTD
- -4.04%
- 1Y
- -6.37%
- 3Y*
- -2.81%
- 5Y*
- -2.43%
- 10Y*
- —
QPX vs. DWSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
QPX AdvisorShares Q Dynamic Growth ETF | 8.53% | 24.12% | 17.28% | 44.63% | -30.90% | 22.29% | -0.31% |
DWSH AdvisorShares Dorsey Wright Short ETF | -4.04% | -2.57% | 5.98% | -22.04% | 17.45% | -25.74% | -0.58% |
Correlation
The correlation between QPX and DWSH is -0.34, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.62 |
Correlation (All Time) Calculated using the full available price history since Dec 29, 2020 | -0.60 |
Over the past year, the inverse relationship between QPX and DWSH has weakened: their correlation has moved from -0.60 to -0.34, meaning they move in opposite directions less often than they have historically.
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Return for Risk
QPX vs. DWSH — Risk / Return Rank
QPX
DWSH
QPX vs. DWSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Q Dynamic Growth ETF (QPX) and AdvisorShares Dorsey Wright Short ETF (DWSH). 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.
| QPX | DWSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.82 | ||
| Sortino ratioReturn per unit of downside risk | +2.34 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 0.97 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | -0.34 | +2.38 |
| Martin ratioReturn relative to average drawdown | 7.65 | -0.75 | +8.41 |
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Drawdowns
QPX vs. DWSH - Drawdown Comparison
The maximum QPX drawdown since its inception was -34.74%, smaller than the maximum DWSH drawdown of -83.55%. Use the drawdown chart below to compare losses from any high point for QPX and DWSH.
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Drawdown Indicators
| QPX | DWSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.74% | -83.55% | +48.81% |
Max Drawdown (1Y)Largest decline over 1 year | -11.56% | -18.88% | +7.32% |
Max Drawdown (3Y)Largest decline over 3 years | -17.89% | -32.61% | +14.72% |
Max Drawdown (5Y)Largest decline over 5 years | -34.74% | -36.09% | +1.35% |
Current DrawdownCurrent decline from peak | -2.76% | -82.16% | +79.40% |
Average DrawdownAverage peak-to-trough decline | -7.97% | -63.82% | +55.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | 8.50% | -5.43% |
Volatility
QPX vs. DWSH - Volatility Comparison
The current volatility for AdvisorShares Q Dynamic Growth ETF (QPX) is 5.17%, while AdvisorShares Dorsey Wright Short ETF (DWSH) has a volatility of 11.00%. This indicates that QPX experiences smaller price fluctuations and is considered to be less risky than DWSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QPX | DWSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.17% | 11.00% | -5.83% |
Volatility (6M)Calculated over the trailing 6-month period | 12.63% | 16.82% | -4.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.38% | 22.31% | -6.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.13% | 26.36% | -6.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.02% | 31.24% | -11.22% |
QPX vs. DWSH - Expense Ratio Comparison
QPX has a 1.46% expense ratio, which is lower than DWSH's 3.67% expense ratio.
Dividends
QPX vs. DWSH - Dividend Comparison
QPX has not paid dividends to shareholders, while DWSH's dividend yield for the trailing twelve months is around 6.58%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DWSH AdvisorShares Dorsey Wright Short ETF | 6.58% | 6.31% | 6.17% | 10.28% | 0.00% | 0.00% | 0.00% | 0.14% | 0.12% |
QPX AdvisorShares Q Dynamic Growth ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QPX and DWSH have a correlation of -0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DWSH has higher volatility (11.00%) compared to QPX (5.17%). In terms of maximum drawdown, QPX dropped -34.74% vs DWSH's -83.55%.
On 5-year performance, QPX leads with 11.26% vs -2.43% for DWSH. On fees, QPX is cheaper at 1.46% per year. On volatility, QPX has been the lower-risk option at 5.17%. 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 11.26% return vs -2.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QPX is cheaper with a 1.46% expense ratio, compared with 3.67% for DWSH.
DWSH has the higher dividend yield at 6.58%, compared with 0.00% for QPX.
QPX is categorized as Large Cap Growth Equities, while DWSH is Inverse Equities. Their fees differ too: 1.46% for QPX and 3.67% for DWSH.
QPX currently has the higher Sharpe Ratio (1.53 vs -0.29), 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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