QPX vs. DWUS

Last updated Jun 3, 2026

QPX (AdvisorShares Q Dynamic Growth ETF) and DWUS (AdvisorShares Dorsey Wright FSM US Core ETF) are both exchange-traded funds - QPX is a Large Cap Growth Equities fund actively managed by AdvisorShares, while DWUS is a Diversified Portfolio fund actively managed by AdvisorShares. Both are actively managed. Over the past 5 years, QPX returned 13.56%/yr vs 12.14%/yr for DWUS. Their correlation of 0.86 suggests significant overlap in exposure. QPX charges 1.46%/yr vs 1.17%/yr for DWUS.

Performance

QPX vs. DWUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AdvisorShares Q Dynamic Growth ETF (QPX) and AdvisorShares Dorsey Wright FSM US Core ETF (DWUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QPX achieves a 11.61% return, which is significantly lower than DWUS's 15.11% return.

QPX

• 1D: 0.38%
• 1M: 7.17%
• YTD: 11.61%
• 6M: 12.59%
• 1Y: 34.26%
• 3Y*: 21.88%
• 5Y*: 13.56%
• 10Y*: —

DWUS

• 1D: 1.49%
• 1M: 9.16%
• YTD: 15.11%
• 6M: 14.84%
• 1Y: 24.38%
• 3Y*: 21.18%
• 5Y*: 12.14%
• 10Y*: —

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

QPX vs. DWUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
QPX AdvisorShares Q Dynamic Growth ETF	11.61%	24.12%	17.28%	44.63%	-30.90%	22.29%	0.38%
DWUS AdvisorShares Dorsey Wright FSM US Core ETF	15.11%	12.75%	20.26%	20.62%	-17.89%	20.21%	-0.06%

Correlation

The correlation between QPX and DWUS is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (All Time) Calculated using the full available price history since Dec 30, 2020	0.86

The correlation between QPX and DWUS has been stable across timeframes, ranging from 0.86 to 0.91 - a consistent structural relationship.

QPX vs. DWUS - Sectors Allocation Comparison

Sectors	QPX	DWUS
Technology	49.8%	45.9%
Consumer Cyclical	25.6%	10.8%
Communication Services	14.9%	13.4%
Real Estate	6.4%	0.9%
Industrials	1.0%	5.3%
Financial Services	0.9%	5.8%
Healthcare	0.6%	6.4%
Energy	0.3%	2.3%
Basic Materials	0.3%	1.4%
Consumer Defensive	0.2%	6.3%
Utilities	0.1%	1.6%

Return for Risk

QPX vs. DWUS — Risk / Return Rank

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

QPX

QPX Risk / Return Rank: 68
QPX Sharpe Ratio Rank: 75
QPX Sortino Ratio Rank: 71
QPX Omega Ratio Rank: 70
QPX Calmar Ratio Rank: 60
QPX Martin Ratio Rank: 64

DWUS

DWUS Risk / Return Rank: 44
DWUS Sharpe Ratio Rank: 45
DWUS Sortino Ratio Rank: 43
DWUS Omega Ratio Rank: 43
DWUS Calmar Ratio Rank: 41
DWUS Martin Ratio Rank: 46

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.

QPX vs. DWUS - 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 FSM US Core ETF (DWUS). 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.

	QPX	DWUS	Difference
Sharpe ratio Return per unit of total volatility	2.47	1.58	+0.88
Sortino ratio Return per unit of downside risk	3.26	2.19	+1.07
Omega ratio Gain probability vs. loss probability	1.43	1.28	+0.15
Calmar ratio Return relative to maximum drawdown	3.02	2.06	+0.96
Martin ratio Return relative to average drawdown	12.01	7.80	+4.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QPX vs. DWUS - Sharpe Ratio Comparison

The current QPX Sharpe Ratio is 2.47, which is higher than the DWUS Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of QPX and DWUS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QPX	DWUS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.47	1.58	+0.88
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	0.65	+0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.71	-0.03

Drawdowns

QPX vs. DWUS - Drawdown Comparison

The maximum QPX drawdown since its inception was -34.74%, which is greater than DWUS's maximum drawdown of -30.47%. Use the drawdown chart below to compare losses from any high point for QPX and DWUS.

Drawdown Indicators

	QPX	DWUS	Difference
Max Drawdown Largest peak-to-trough decline	-34.74%	-30.47%	-4.27%
Max Drawdown (1Y) Largest decline over 1 year	-11.56%	-11.98%	+0.42%
Max Drawdown (3Y) Largest decline over 3 years	-17.89%	-19.63%	+1.74%
Max Drawdown (5Y) Largest decline over 5 years	-34.74%	-26.45%	-8.29%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-8.08%	-6.86%	-1.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.90%	3.16%	-0.26%

Volatility

QPX vs. DWUS - Volatility Comparison

The current volatility for AdvisorShares Q Dynamic Growth ETF (QPX) is 4.18%, while AdvisorShares Dorsey Wright FSM US Core ETF (DWUS) has a volatility of 4.92%. This indicates that QPX experiences smaller price fluctuations and is considered to be less risky than DWUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QPX	DWUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.18%	4.92%	-0.74%
Volatility (6M) Calculated over the trailing 6-month period	10.98%	12.48%	-1.50%
Volatility (1Y) Calculated over the trailing 1-year period	13.95%	15.46%	-1.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.93%	18.82%	+1.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.00%	21.89%	-1.89%

QPX vs. DWUS - Expense Ratio Comparison

QPX has a 1.46% expense ratio, which is higher than DWUS's 1.17% expense ratio.

Dividends

QPX vs. DWUS - Dividend Comparison

QPX has not paid dividends to shareholders, while DWUS's dividend yield for the trailing twelve months is around 0.03%.

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

Can I hold both QPX and DWUS in my portfolio?

QPX and DWUS have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QPX or DWUS?

DWUS has higher volatility (4.92%) compared to QPX (4.18%). In terms of maximum drawdown, QPX dropped -34.74% vs DWUS's -30.47%.

Which ETF is better, QPX or DWUS?

On 5-year performance, QPX leads with 13.56% vs 12.14% for DWUS. On fees, DWUS is cheaper at 1.17% per year. On volatility, QPX has been the lower-risk option at 4.18%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QPX or DWUS?

Over the 5-year period, QPX has performed better with a 13.56% return vs 12.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QPX or DWUS?

DWUS is cheaper with a 1.17% expense ratio, compared with 1.46% for QPX.

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

DWUS has the higher dividend yield at 0.03%, compared with 0.00% for QPX.

What is the main difference between QPX and DWUS?

QPX is categorized as Large Cap Growth Equities, while DWUS is Diversified Portfolio. Their fees differ too: 1.46% for QPX and 1.17% for DWUS.

Which has better risk-adjusted returns?

QPX currently has the higher Sharpe Ratio (2.47 vs 1.58), 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.