QPX vs. IBIT
Compare and contrast key facts about AdvisorShares Q Dynamic Growth ETF (QPX) and iShares Bitcoin Trust (IBIT).
QPX and IBIT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QPX is an actively managed fund by AdvisorShares. It was launched on Dec 28, 2020. IBIT is a passively managed fund by iShares that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 5, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QPX or IBIT.
Correlation
The correlation between QPX and IBIT is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
QPX vs. IBIT - Performance Comparison
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Key characteristics
QPX:
0.65
IBIT:
1.12
QPX:
1.12
IBIT:
1.93
QPX:
1.16
IBIT:
1.23
QPX:
0.80
IBIT:
2.44
QPX:
3.04
IBIT:
5.33
QPX:
4.68%
IBIT:
12.91%
QPX:
20.29%
IBIT:
53.31%
QPX:
-34.75%
IBIT:
-28.22%
QPX:
-1.08%
IBIT:
-2.52%
Returns By Period
In the year-to-date period, QPX achieves a 2.96% return, which is significantly lower than IBIT's 11.59% return.
QPX
2.96%
12.50%
4.42%
12.83%
N/A
N/A
IBIT
11.59%
22.67%
13.56%
54.65%
N/A
N/A
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QPX vs. IBIT - Expense Ratio Comparison
QPX has a 1.46% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Risk-Adjusted Performance
QPX vs. IBIT — Risk-Adjusted Performance Rank
QPX
IBIT
QPX vs. IBIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Q Dynamic Growth ETF (QPX) and iShares Bitcoin Trust (IBIT). 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.
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Dividends
QPX vs. IBIT - Dividend Comparison
Neither QPX nor IBIT has paid dividends to shareholders.
Drawdowns
QPX vs. IBIT - Drawdown Comparison
The maximum QPX drawdown since its inception was -34.75%, which is greater than IBIT's maximum drawdown of -28.22%. Use the drawdown chart below to compare losses from any high point for QPX and IBIT. For additional features, visit the drawdowns tool.
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Volatility
QPX vs. IBIT - Volatility Comparison
The current volatility for AdvisorShares Q Dynamic Growth ETF (QPX) is 4.48%, while iShares Bitcoin Trust (IBIT) has a volatility of 9.29%. This indicates that QPX experiences smaller price fluctuations and is considered to be less risky than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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