QPX vs. IBIT
QPX (AdvisorShares Q Dynamic Growth ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - QPX is a Large Cap Growth Equities fund actively managed by AdvisorShares, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. QPX is actively managed, while IBIT is passively managed. Over the past year, QPX returned 29.64% vs -39.85% for IBIT. At a 0.42 correlation, their price movements are largely independent. QPX charges 1.46%/yr vs 0.25%/yr for IBIT.
Performance
QPX vs. IBIT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, QPX achieves a 9.73% return, which is significantly higher than IBIT's -25.14% return.
QPX
- 1D
- -0.62%
- 1M
- 2.78%
- YTD
- 9.73%
- 6M
- 9.77%
- 1Y
- 29.64%
- 3Y*
- 19.86%
- 5Y*
- 12.24%
- 10Y*
- —
IBIT
- 1D
- -1.51%
- 1M
- -17.07%
- YTD
- -25.14%
- 6M
- -25.23%
- 1Y
- -39.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QPX vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QPX AdvisorShares Q Dynamic Growth ETF | 9.73% | 24.12% | 17.96% |
IBIT iShares Bitcoin Trust ETF | -25.14% | -6.41% | 89.87% |
Correlation
The correlation between QPX and IBIT is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.42 |
The correlation between QPX and IBIT has been stable across timeframes, ranging from 0.42 to 0.52 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
QPX vs. IBIT — Risk / Return Rank
QPX
IBIT
QPX vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Q Dynamic Growth ETF (QPX) and iShares Bitcoin Trust ETF (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.
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 | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.91 | ||
| Sortino ratioReturn per unit of downside risk | +3.93 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 0.86 | +0.49 |
| Calmar ratioReturn relative to maximum drawdown | 2.58 | -0.77 | +3.34 |
| Martin ratioReturn relative to average drawdown | 10.01 | -1.33 | +11.34 |
Loading charts...
Drawdowns
QPX vs. IBIT - Drawdown Comparison
The maximum QPX drawdown since its inception was -34.74%, smaller than the maximum IBIT drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for QPX and IBIT.
Loading charts...
Drawdown Indicators
| QPX | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.74% | -52.11% | +17.37% |
Max Drawdown (1Y)Largest decline over 1 year | -11.56% | -52.11% | +40.55% |
Max Drawdown (3Y)Largest decline over 3 years | -17.89% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -34.74% | — | — |
Current DrawdownCurrent decline from peak | -1.69% | -47.86% | +46.17% |
Average DrawdownAverage peak-to-trough decline | -8.04% | -16.63% | +8.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 29.94% | -26.97% |
Volatility
QPX vs. IBIT - Volatility Comparison
The current volatility for AdvisorShares Q Dynamic Growth ETF (QPX) is 6.17%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 12.78%. 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.
Loading charts...
Volatility by Period
| QPX | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.17% | 12.78% | -6.61% |
Volatility (6M)Calculated over the trailing 6-month period | 12.22% | 34.79% | -22.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.91% | 44.33% | -29.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.05% | 50.28% | -30.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.06% | 50.28% | -30.22% |
QPX vs. IBIT - Expense Ratio Comparison
QPX has a 1.46% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
QPX vs. IBIT - Dividend Comparison
Neither QPX nor IBIT has paid dividends to shareholders.
Frequently Asked Questions
QPX and IBIT have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (12.78%) compared to QPX (6.17%). In terms of maximum drawdown, QPX dropped -34.74% vs IBIT's -52.11%.
On 1-year performance, QPX leads with 29.64% vs -39.85% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, QPX has been the lower-risk option at 6.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QPX has performed better with a 29.64% return vs -39.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIT is cheaper with a 0.25% expense ratio, compared with 1.46% for QPX.
QPX and IBIT have nearly identical dividend yields, around 0.00%.
QPX is categorized as Large Cap Growth Equities, while IBIT is Cryptocurrency. They also come from different issuers: AdvisorShares and iShares. Their fees differ too: 1.46% for QPX and 0.25% for IBIT.
QPX currently has the higher Sharpe Ratio (2.00 vs -0.90), 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.
Find the right allocation for QPX and IBIT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer