QPX vs. IBIT

Last updated Apr 1, 2026

Compare and contrast key facts about AdvisorShares Q Dynamic Growth ETF (QPX) and iShares Bitcoin Trust ETF (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.

Performance

QPX vs. IBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AdvisorShares Q Dynamic Growth ETF (QPX) and iShares Bitcoin Trust ETF (IBIT). The values are adjusted to include any dividend payments, if applicable.

QPX vs. IBIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QPX AdvisorShares Q Dynamic Growth ETF	-4.88%	24.12%	17.96%
IBIT iShares Bitcoin Trust ETF	-22.62%	-6.41%	99.21%

Returns By Period

In the year-to-date period, QPX achieves a -4.88% return, which is significantly higher than IBIT's -22.62% return.

QPX

• 1D: 2.67%
• 1M: -6.68%
• YTD: -4.88%
• 6M: -1.44%
• 1Y: 23.30%
• 3Y*: 18.93%
• 5Y*: 10.17%
• 10Y*: —

IBIT

• 1D: 1.96%
• 1M: 3.31%
• YTD: -22.62%
• 6M: -40.89%
• 1Y: -17.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QPX vs. IBIT - Expense Ratio Comparison

QPX has a 1.46% expense ratio, which is higher than IBIT's 0.25% expense ratio.

QPX

AdvisorShares Q Dynamic Growth ETF

IBIT

iShares Bitcoin Trust ETF

Return for Risk

QPX vs. IBIT — Risk / Return Rank

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

QPX

QPX Risk / Return Rank: 74
QPX Sharpe Ratio Rank: 70
QPX Sortino Ratio Rank: 74
QPX Omega Ratio Rank: 73
QPX Calmar Ratio Rank: 76
QPX Martin Ratio Rank: 76

IBIT

IBIT Risk / Return Rank: 6
IBIT Sharpe Ratio Rank: 5
IBIT Sortino Ratio Rank: 6
IBIT Omega Ratio Rank: 7
IBIT Calmar Ratio Rank: 6
IBIT Martin Ratio Rank: 6

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. 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.

	QPX	IBIT	Difference
Sharpe ratio Return per unit of total volatility	1.22	-0.40	+1.61
Sortino ratio Return per unit of downside risk	1.84	-0.29	+2.13
Omega ratio Gain probability vs. loss probability	1.27	0.97	+0.30
Calmar ratio Return relative to maximum drawdown	1.98	-0.39	+2.37
Martin ratio Return relative to average drawdown	7.90	-0.83	+8.73
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. IBIT - Sharpe Ratio Comparison

The current QPX Sharpe Ratio is 1.22, which is higher than the IBIT Sharpe Ratio of -0.40. The chart below compares the historical Sharpe Ratios of QPX and IBIT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	QPX	IBIT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.22	-0.40	+1.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.35	+0.18

Correlation

The correlation between QPX and IBIT is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

QPX vs. IBIT - Dividend Comparison

Neither QPX nor IBIT has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

QPX vs. IBIT - Drawdown Comparison

The maximum QPX drawdown since its inception was -34.74%, smaller than the maximum IBIT drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for QPX and IBIT.

Drawdown Indicators

	QPX	IBIT	Difference
Max Drawdown Largest peak-to-trough decline	-34.74%	-49.36%	+14.62%
Max Drawdown (1Y) Largest decline over 1 year	-12.02%	-49.36%	+37.34%
Max Drawdown (5Y) Largest decline over 5 years	-34.74%	—	—
Current Drawdown Current decline from peak	-9.19%	-46.11%	+36.92%
Average Drawdown Average peak-to-trough decline	-8.27%	-14.13%	+5.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.02%	23.09%	-20.07%

Volatility

QPX vs. IBIT - Volatility Comparison

The current volatility for AdvisorShares Q Dynamic Growth ETF (QPX) is 5.31%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 12.99%. 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.

Volatility by Period

	QPX	IBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.31%	12.99%	-7.68%
Volatility (6M) Calculated over the trailing 6-month period	11.42%	36.75%	-25.33%
Volatility (1Y) Calculated over the trailing 1-year period	19.24%	45.42%	-26.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.00%	51.26%	-31.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.15%	51.26%	-31.11%