QPX vs. OGIG
Compare and contrast key facts about AdvisorShares Q Dynamic Growth ETF (QPX) and O’Shares Global Internet Giants ETF (OGIG).
QPX and OGIG 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. OGIG is a passively managed fund by O'Shares Investments that tracks the performance of the O’Shares Global Internet Giants Index. It was launched on Jun 5, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QPX or OGIG.
Key characteristics
| QPX | OGIG | |
|---|---|---|
| YTD Return | 19.51% | 25.56% |
| 1Y Return | 30.75% | 45.90% |
| 3Y Return (Ann) | 6.04% | -7.24% |
| Sharpe Ratio | 2.15 | 2.31 |
| Sortino Ratio | 2.90 | 2.99 |
| Omega Ratio | 1.39 | 1.39 |
| Calmar Ratio | 2.82 | 0.88 |
| Martin Ratio | 11.58 | 12.39 |
| Ulcer Index | 2.59% | 3.59% |
| Daily Std Dev | 13.95% | 19.27% |
| Max Drawdown | -34.75% | -66.05% |
| Current Drawdown | 0.00% | -28.01% |
Correlation
The correlation between QPX and OGIG is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
QPX vs. OGIG - Performance Comparison
In the year-to-date period, QPX achieves a 19.51% return, which is significantly lower than OGIG's 25.56% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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QPX vs. OGIG - Expense Ratio Comparison
QPX has a 1.46% expense ratio, which is higher than OGIG's 0.48% expense ratio.
Risk-Adjusted Performance
QPX vs. OGIG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Q Dynamic Growth ETF (QPX) and O’Shares Global Internet Giants ETF (OGIG). 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.
Dividends
QPX vs. OGIG - Dividend Comparison
Neither QPX nor OGIG has paid dividends to shareholders.
Drawdowns
QPX vs. OGIG - Drawdown Comparison
The maximum QPX drawdown since its inception was -34.75%, smaller than the maximum OGIG drawdown of -66.05%. Use the drawdown chart below to compare losses from any high point for QPX and OGIG. For additional features, visit the drawdowns tool.
Volatility
QPX vs. OGIG - Volatility Comparison
The current volatility for AdvisorShares Q Dynamic Growth ETF (QPX) is 3.71%, while O’Shares Global Internet Giants ETF (OGIG) has a volatility of 5.65%. This indicates that QPX experiences smaller price fluctuations and is considered to be less risky than OGIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.