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Launched · SEC filings

AdvisorShares Dorsey Wright FSM U.S. Core ETF

DWUSNasdaqD

$59.63+0.02 (+0.04%)

At close: Oct 13, 2026, 4:00 PM

D27/ 100

Rank 20 of 22 in US Active Momentum

D27/100Rank 20 of 22inUS Active Momentum
Intraday session: up, 9 prints from 59.61 to 59.63. Range 59.52 to 59.71. Use the arrow keys to read each point.59.5559.7010 AM12 PM2 PM4 PM
Expense ratio
1.08%
Fund size
$122M
1Y total return
+12.4%
Yield · Last 12 months
0.03%
Holdings
4
Avg volume · 30D
0M sh
NAV per share
$59.66
52W range
low $49.38high $63.93
Launched
Filings
SEC EDGAR

The ETF.net DWUS Grade

D

Score 27 out of 100

Category
US Active Momentum⁠
Rank
20 of 22
Six-pillar profile for DWUS. Scores out of 100: Cost 7, Risk 55, Mission 32, Tradability 29, Holdings 27, Durability 65. Strongest: Durability (65). Weakest: Cost (7). Leans toward Durability.

Score 27 of 100 falls in the D 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.
    F7 out of 100
    Rank 20 of 22

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    D32 out of 100
    Rank 6 of 6

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B55 out of 100
    Rank 9 of 22

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D29 out of 100
    Rank 20 of 22

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D27 out of 100
    Rank 21 of 21

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B65 out of 100
    Rank 7 of 22

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 Oct 13, 2026
Asset class
Stocks
Holdings
4
Top-10 weight
100%
Largest holding
SHV48.7%

Sectors

  • Technology40.3%
  • Financials11.3%
  • Communication10.3%
  • Health Care9.4%
  • Consumer Discretionary8.5%
  • Industrials7.3%
  • Consumer Staples4.3%
  • Energy3.3%
  • Utilities1.9%
  • Materials1.6%
  • Real Estate1.6%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001SHVIshares 0-1 Year Treasury Bo48.74%539,781$59M7
002QUALIshares Msci Usa Quality Fac25.62%137,265$31M6
003SPYMSte Str Spdr Pt S&P 500 Etf25.34%337,575$31M26
004—BlackRock Treasury Trust Instl 620.38%463,104$463K8

Showing 1–4 of 4 holdings

DWUS Performance

Launched Dec 26, 2019

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.
DWUS$11,237
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. DWUS $11,237. SPY $12,044. Use the arrow keys to read each point.$9,148$10,711$12,275Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 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+10.1%
1 month+1.1%
3 months−2.5%
1 year+12.4%
3 yearsper year+18.1%
5 yearsper year+10.2%
10 yearsFund is under 10 years oldper 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+10.1%
2025+12.8%
2024+20.3%
2023+20.6%
2022−17.9%
2021+20.2%
2020+36.1%

DWUS in the news

Filtered to DWUS · US Active Momentum

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 Oct 12, 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.
16.0%
Annualised · 36 months to Sep 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.
0.86
vs 3-month T-bills · to Sep 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.

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