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 10.80%/yr vs -4.38%/yr for DWSH. Their -0.59 correlation means they have often moved in opposite directions in the past. 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 7.94% return, which is significantly higher than DWSH's -11.96% return.
QPX
- 1D
- 1.47%
- 1M
- -0.23%
- 6M
- 5.39%
- YTD
- 7.94%
- 1Y
- 23.19%
- 3Y*
- 18.77%
- 5Y*
- 10.80%
- 10Y*
- —
- ALL TIME*
- 12.31%
DWSH
- 1D
- -2.20%
- 1M
- -5.81%
- 6M
- -8.92%
- YTD
- -11.96%
- 1Y
- -17.15%
- 3Y*
- -4.29%
- 5Y*
- -4.38%
- 10Y*
- —
- ALL TIME*
- -14.49%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $237.81K | $562.58K | $421.31K | |
| $71.42K | $154.86K | $125.10K |
QPX vs. DWSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
QPX AdvisorShares Q Dynamic Growth ETF | 7.94% | 24.12% | 17.28% | 44.63% | -30.90% | 22.29% | -0.31% |
DWSH AdvisorShares Dorsey Wright Short ETF | -11.96% | -2.57% | 5.98% | -22.04% | 17.45% | -25.74% | -0.58% |
Correlation
The correlation between QPX and DWSH is -0.28, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.28 |
Correlation (3Y) Balances recent behavior with more history. | -0.45 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.61 |
Correlation (All Time) Calculated using the full available price history since Dec 29, 2020 | -0.59 |
Over the past year, the inverse relationship between QPX and DWSH has weakened: their correlation has moved from -0.59 to -0.28, 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 | +2.23 | ||
| Sortino ratioReturn per unit of downside risk | +2.97 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.89 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 2.02 | -0.86 | +2.87 |
| Martin ratioReturn relative to average drawdown | 7.07 | -1.88 | +8.95 |
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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 -83.80%. 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% | -83.80% | +49.06% |
Max Drawdown (1Y)Largest decline over 1 year | -11.56% | -20.08% | +8.52% |
Max Drawdown (3Y)Largest decline over 3 years | -17.89% | -33.61% | +15.72% |
Max Drawdown (5Y)Largest decline over 5 years | -34.74% | -37.03% | +2.29% |
Current DrawdownCurrent decline from peak | -3.29% | -83.64% | +80.35% |
Average DrawdownAverage peak-to-trough decline | -7.94% | -63.95% | +56.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.29% | 9.24% | -5.95% |
Volatility
QPX vs. DWSH - Volatility Comparison
The current volatility for AdvisorShares Q Dynamic Growth ETF (QPX) is 5.27%, while AdvisorShares Dorsey Wright Short ETF (DWSH) has a volatility of 12.14%. 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 | 5.27% | 12.14% | -6.87% |
Volatility (6M)Calculated over the trailing 6-month period | 12.92% | 18.18% | -5.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.93% | 22.70% | -6.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.18% | 26.59% | -6.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.01% | 31.27% | -11.26% |
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 7.17%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DWSH AdvisorShares Dorsey Wright Short ETF | 7.17% | 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 -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DWSH has higher volatility (12.14%) compared to QPX (5.27%). In terms of maximum drawdown, QPX dropped -34.74% vs DWSH's -83.80%.
On 5-year performance, QPX leads with 10.80% vs -4.38% for DWSH. On fees, QPX is cheaper at 1.46% per year. On volatility, QPX has been the lower-risk option at 5.27%. 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 10.80% return vs -4.38%. 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 7.17%, 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 (1.47 vs -0.76), 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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