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Launched · SEC filings

AdvisorShares Dorsey Wright Short ETF

DWSHNasdaqAdvisorSharesFThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$5.34−0.16 (−2.84%)

At close: Nov 2, 2026, 4:00 PM ET

F14/ 100

Rank 22 of 22 in US Active Momentum

F14/100Rank 22 of 22inUS Active Momentum
Intraday session: down, 79 prints from 5.49 to 5.34. Range 5.31 to 5.44. Use the arrow keys to read each point.5.305.405.4510 AM12 PM2 PM4 PM
Expense ratio
3.53%*
Fund size
$6M
1Y total return
−16.9%
Yield · Last 12 months
7.40%
Holdings
2
Avg volume · 30D
64.8K sh
52W range
low $5.34high $7.50
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Nov 1, 2027. Without it: 4.07%.

The ETF.net DWSH Grade

Based on 4 of 6 pillars

F

Score 14 out of 100

Category
US Active Momentum⁠
Rank
22 of 22
Six-pillar profile for DWSH. Scores out of 100: Cost 0, Risk 11, Mission not scored, Tradability 38, Holdings not scored, Durability 36. Strongest: Tradability (38). Weakest: Cost (0). Based on 4 of 6 pillars.

Score 14 of 100 falls in the F band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F0 out of 100
    Rank 22 of 22

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F11 out of 100
    Rank 20 of 22

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D38 out of 100
    Rank 17 of 22

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D36 out of 100
    Rank 17 of 22

Our read on DWSH

ETF.net Research

In short

FA momentum toolkit pointed the other way. DWSH is an actively managed, short-only ETF that uses Dorsey Wright relative strength to short the weakest large-cap US names, framed by its issuer as a hedge for a long stock book rather than a core holding.

Stated mandate

DWSH uses an actively managed relative-strength process to short securities with the weakest relative strength, primarily among large-cap U.S.-traded equities. It is intended to hedge long equity exposure and pursue positive returns when equity markets decline.

Why people hold it

  • Short-only and actively managed: the same relative-strength ranking momentum funds use to buy leaders, run in reverse to short the weakest large-cap US names.
  • Roughly 100 short positions handled inside one brokerage ticket, with no margin account or stock borrow for you to arrange.
  • The fund's own objective frames it as a counterweight to long equity exposure, aiming to gain ground when stocks fall.
  • Trading since 2018, so there is a multi-year live record of how this short book behaves in real markets.

Worth knowing

  • Cost is the headline trade-off: a 6.66% expense ratio, against index momentum funds like MTUM at 0.15% and SPMO at 0.13%.
  • A short book is built to move against the market, so rising equity prices work against it by design.
  • Small asset base and only moderate trading activity, so bid-ask spreads can run wider than in the large momentum ETFs.

DWSH Holdings

Asset class
Other
Holdings
2
Top-10 weight
213%
Largest holding
Invesco Govt Agency Instl 1901107.0%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataInvesco Govt Agency Instl 1901106.96%6,826,763$6.83M1
2No dataCash106.32%6,785,988$6.79M422

Showing 1–2 of 2 holdings

DWSH Performance

Launched Jul 10, 2018

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.
DWSH$8,312
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. DWSH $8,312. SPY $11,199. Use the arrow keys to read each point.$8,000$9,000$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for DWSH. Periods over one year show the average yearly return.
PeriodDWSH
Year to date−14.7%
1 month−9.3%
3 months−5.3%
1 year−16.9%
3 yearsper year−11.8%
5 yearsper year−4.7%
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for DWSH
YearReturn barDWSH
2026 YTD−14.7%
2025−2.6%
2024+6.0%
2023−22.0%

DWSH in the news

DWSH Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
7.40%Last 12 months
Payout per share
$0.41Last 12 months
Last payment
$0.41 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2018–2026

One bar per payment. 5 payments from 2018 to 2026 YTD. Dec 27, 2018 $0.04; Dec 27, 2019 $0.03; Dec 26, 2023 $0.72; Dec 23, 2024 $0.43; Dec 22, 2025 $0.41. Use the arrow keys to read each point.201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 22, 2025Dec 29, 2025$0.41
Dec 23, 2024Dec 30, 2024$0.43
Dec 26, 2023Dec 29, 2023$0.72
Dec 27, 2019Dec 31, 2019$0.03
Dec 27, 2018Dec 31, 2018$0.04

$10,000 in DWSH 5 years ago paid $1,851 in dividends.

DWSH Risk

Risk pillarF11 out of 100Rank 20 of 22 in US Active Momentum

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
20.1%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
−0.75
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−39.9%
Trough Aug 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
−1.07
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

DWSH Cost

Compare DWSH and JMOM

Overpaying vs JMOM, cheapest in US Active Momentum

$45,778

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • DWSH 3.53%

    $48,298

  • JMOM 0.12% Cheapest

    $2,520

$10,000
30 years

Cost over time

  • DWSH 3.53%
  • JMOM 0.12%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K$40K$50K051015202530DWSH $48,298JMOM $2,520

Year by year

YearDWSHJMOMOverpaying
10$5,606$220$5,386
20$18,914$859$18,055
30$48,298$2,520$45,778
How the 3.53% is worked out

Full fee 4.07%− waiver 0.54%= you pay 3.53%

The waiver ends Nov 1, 2027. After that the fee is 4.07% unless AdvisorShares renews it. Source: prospectus, Oct 2026.

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