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DWUS

GradeDNASDAQ Global Market

AdvisorShares Dorsey Wright FSM U.S. Core ETF

Active Equity · AdvisorShares · Inception 2019-12-26 · SEC filings

$59.05−0.19 (−0.33%)

As of Sep 23, 2026, 1:24 PM EDT

Intraday session: down, 6 prints from 59.24 to 59.05. Range 59.05 to 59.19. Use the arrow keys to read each point.$59.10$59.15$59.2010 AM12 PM2 PM4 PM
Expense ratio
1.08%
Fund size
$120M
1Y return
+8.7%
Yield · Last 12 months
0.03%
Holdings
4
Volume · 30D
0M sh
NAV per share
$58.73
52W range
low $49.38high $63.93

The ETF.net DWUS Grade

D

27/ 100

Rank 19 of 22 in US Active Momentum⁠

Confidence High

Six-pillar profile for DWUS. Scores out of 100: Cost 7, Risk 54, Mission 33, Tradability 27, Holdings 27, Durability 66. Strongest: Durability (66). Weakest: Cost (7). Leans toward Durability.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 27 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 7
    Category rank20/22 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    DScore 33
    Category rank6/6 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 54
    Category rank9/21 · top 43%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 27
    Category rank18/22 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 27
    Category rank21/21 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 66
    Category rank7/22 · top 32%

Graded as of Sep 22, 2026

Our read on DWUS

ETF.net Research

DMost momentum ETFs stay fully invested. DWUS is a fund of ETFs that follows Dorsey Wright relative-strength rankings into top-ranked US large-cap sectors, then shifts toward cash and short-term bonds when the model flags broad equity weakness.

Stated mandate

The Fund seeks long-term capital appreciation, with capital preservation as a secondary objective.

Why people hold it

  1. 01Built-in defensive switch: when the model reads broad equity weakness and cash strength, the advisor can move some or all of the portfolio to short-duration bond ETFs, money market funds and cash.sec.gov
  2. 02Rules over hunches: the model ranks a pre-set universe of US large-cap ETFs on technical indicators, holds the top tier, and swaps anything that drops out into a defensive position.sec.gov
  3. 03Capital preservation sits in the mandate as a stated secondary objective, which is unusual company for a momentum strategy.advisorshares.com
  4. 04While parked in defensives, the fund shortens its rebalancing schedule to look for a route back into equity ETFs once the model turns favorable again.sec.gov

Worth knowing

  1. 01Cost is the headline trade-off: 1.08% a year versus a momentum-peer median near 0.69%, with index-based peers like MTUM, SPMO, VFMO and JMOM at 0.15% or less.
  2. 02A small, thinly traded fund, so bid-ask spreads can run wider than on the big index momentum names.
  3. 03The strategy may involve frequent buying and selling, which the prospectus notes can lift transaction costs and taxable distributions.sec.gov

DWUS Holdings

As of Sep 20, 2026, 6:06 AM
Asset class
Stocks
Holdings
4
Top-10 weight
100%
Largest holding
SHV49.5%

Sectors

Geography

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001SHVISHARES 0-1 YEAR TREASURY BO49.53%539,781$59M5
002SPYMSTE STR SPDR PT S&P 500 ETF25.20%337,575$30M25
003QUALISHARES MSCI USA QUALITY FAC25.05%137,265$30M5
004—BLACKROCK TREASURY TRUST INSTL 620.32%386,142$386K9

Showing 1–4 of 4 holdings

DWUS Performance

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

DWUS$10,865
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. DWUS $10,865. SPY $11,723. Use the arrow keys to read each point.$8,841$10,409$11,978Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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 DWUS. Periods over one year show the average yearly return.
PeriodDWUS
Year to date+9.3%
1 month−0.6%
3 months−7.3%
1 year+8.7%
3 years+18.5%per year
5 years+9.9%per year
10 yearsFund is under 10 years old—per year

As of the close, 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 DWUS
YearReturn barDWUS
2026 YTD+9.3%
2025+12.8%
2024+20.3%
2023+20.6%
2022−17.9%
2021+20.2%
2020+36.1%

DWUS in the news

ETF.net Research hasn’t filed on DWUS yet — coverage lands here as it’s written.

DWUS 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 Sep 22, 2026.
0.03%Last 12 months
Payout per share
$0.02Last 12 months
Last payment
$0.02 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2020–2026

One bar per payment. 6 payments from 2020 to 2026 YTD. Dec 24, 2020 $0.07; Dec 23, 2021 $0.14; Dec 23, 2022 $0.30; Dec 26, 2023 $0.12; Dec 23, 2024 $0.09; Dec 22, 2025 $0.02. Use the arrow keys to read each point.2020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 22, 2025Dec 29, 2025$0.02
Dec 23, 2024Dec 30, 2024$0.09
Dec 26, 2023Dec 29, 2023$0.12
Dec 23, 2022Dec 30, 2022$0.30
Dec 23, 2021Dec 31, 2021$0.14
Dec 24, 2020Dec 31, 2020$0.07

DWUS Risk

How much the fund’s monthly returns vary, scaled to a year.
16.4%
Annualised · 36 months to Aug 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.
0.77
vs 3-month T-bills · to Aug 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.
−26.5%
Trough Oct 2022
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.
0.99
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.

DWUS Cost

Expense ratio1.08%
  • The middle half of US Active Momentum funds
  • Median 0.63%

19 of the 21 US Active Momentum funds charge less.

DWUS costs $108.00 a year on $10,000. The median US Active Momentum fund costs $63.00.