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 21.40% vs -44.50% for IBIT. Their 0.42 correlation means their historical movements had little consistent relationship. QPX charges 1.46%/yr vs 0.25%/yr for IBIT.
Performance
QPX vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, QPX achieves a 6.38% return, which is significantly higher than IBIT's -28.22% return.
QPX
- 1D
- 0.67%
- 1M
- -1.67%
- 6M
- 4.08%
- YTD
- 6.38%
- 1Y
- 21.40%
- 3Y*
- 17.19%
- 5Y*
- 10.61%
- 10Y*
- —
- ALL TIME*
- 12.04%
IBIT
- 1D
- -2.89%
- 1M
- 2.21%
- 6M
- -24.95%
- YTD
- -28.22%
- 1Y
- -44.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.01%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.30B | $1.34B | $1.68B | |
| $70.64K | $166.89K | $141.42K |
QPX vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QPX AdvisorShares Q Dynamic Growth ETF | 6.38% | 24.12% | 17.96% |
IBIT iShares Bitcoin Trust ETF | -28.22% | -6.41% | 89.87% |
Correlation
The correlation between QPX and IBIT is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.51 |
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 0.51 - a consistent structural relationship.
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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 | +2.31 | ||
| Sortino ratioReturn per unit of downside risk | +3.34 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 0.83 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | -0.87 | +2.61 |
| Martin ratioReturn relative to average drawdown | 6.11 | -1.34 | +7.44 |
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Drawdowns
QPX vs. IBIT - Drawdown Comparison
The maximum QPX drawdown since its inception was -34.74%, smaller than the maximum IBIT drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for QPX and IBIT.
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Drawdown Indicators
| QPX | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.74% | -53.30% | +18.56% |
Max Drawdown (1Y)Largest decline over 1 year | -11.56% | -53.30% | +41.74% |
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 | -4.69% | -50.01% | +45.32% |
Average DrawdownAverage peak-to-trough decline | -7.94% | -18.24% | +10.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.28% | 34.66% | -31.38% |
Volatility
QPX vs. IBIT - Volatility Comparison
The current volatility for AdvisorShares Q Dynamic Growth ETF (QPX) is 5.11%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.21%. 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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Volatility by Period
| QPX | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 9.21% | -4.10% |
Volatility (6M)Calculated over the trailing 6-month period | 13.00% | 33.74% | -20.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.89% | 44.46% | -28.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.16% | 49.60% | -29.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.01% | 49.60% | -29.59% |
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 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (9.21%) compared to QPX (5.11%). In terms of maximum drawdown, QPX dropped -34.74% vs IBIT's -53.30%.
On 1-year performance, QPX leads with 21.40% vs -44.50% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, QPX has been the lower-risk option at 5.11%. 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 21.40% return vs -44.50%. 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 (1.26 vs -1.04), 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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