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DWSH vs JMOM

AdvisorShares Dorsey Wright Short ETF

DWSHFNasdaq

JPMorgan U.S. Momentum Factor ETF

JMOMANYSE Arca

Overlap

Expense ratio

JMOM −3.41pt a year

DWSH3.53%JMOM0.12%

Avg volume · 30D

JMOM 2.1×the volume

DWSH64.8KJMOM133K

5Y return · a year

JMOM +16.4pt

DWSH−5.0%JMOM+11.4%

DWSH vs JMOM Performance

Nov 2, 2021 – Nov 2, 2026

−22.6%DWSH+71.3%JMOM

Nov 2, 2021 to Nov 2, 2026. DWSH −22.6%. JMOM +71.3%. Use the arrow keys to read each point.0%25%50%Nov 2021May 2024Nov 2026
Expense ratio
DWSH 3.53%
JMOM 0.12%, better
Fund size
DWSH $6M
JMOM $2.69B
1Y total return
DWSH −19.2%
JMOM +15.0%, better
Yield (12M)
DWSH 7.61%, better
JMOM 0.79%
Holdings
DWSH 2
JMOM 290
Avg volume (30D)
DWSH 64.8K sh
JMOM 133K sh, better
NAV per share
DWSH $5.33
JMOM $79.53
52W range

ETF.net Grade

DWSH: Cost 0, Risk 11, Mission not scored, Tradability 38, Holdings not scored, Durability 36. JMOM: Cost 100, Risk 84, Mission 93, Tradability 63, Holdings 82, Durability 93.
Pillar letters and Scores for DWSH, JMOM, with each pillar’s weight
PillarDWSHJMOM
Cost30% weightF0A100Higher
Mission25% weightNot scoredA93
Risk15% weightF11A84Higher
Tradability15% weightD38B63Higher
Holdings10% weightNot scoredA82
Durability5% weightD36A93Higher

Rank among US Active Momentum funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. DWSH and JMOM are both graded against the same 20 US Active Momentum funds, so their Grades compare head to head.

US Active Momentum⁠

Category · 20 funds
See all 20 ›

JMOM ranks 1st and DWSH 20th of 20 funds in the US Active Momentum Category.

  1. Rank 1AJMOMJPMorgan U.S. Momentum Factor ETFScore 86
  2. Rank 2ASEIMSEI QiM U.S. Large Cap Momentum Active ETFScore 81
  3. Rank 19DDWUSAdvisorShares Dorsey Wright FSM U.S. Core ETFScore 26
  4. Rank 20FDWSHAdvisorShares Dorsey Wright Short ETFScore 14

Our read on each fund

ETF.net Research

DWSHFAdvisorShares Dorsey Wright Short ETF

JMOMAJPMorgan U.S. Momentum Factor ETF

In short

DWSH A 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.

JMOM Momentum without the markup. JMOM screens US stocks for strong risk-adjusted momentum rather than raw price runs, and charges 0.12%, a fraction of what the typical fund in its category asks.

Stated mandate

DWSH 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.

JMOM The fund seeks domestic equity exposure focused on companies with strong risk-adjusted momentum and potential return enhancement.

Why people hold it

  • DWSH 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.
  • JMOM At 0.12%, the lowest fee among its momentum peers: it undercuts VFMO and SPMO (0.13%) and MTUM (0.15%), and sits far below the roughly 0.69% category median.
  • The screen targets risk-adjusted momentum, not just the biggest price runs, so how bumpy a stock's climb was factors into whether it makes the cut.jpmorgan.com
  • Holds roughly 300 US names, a wider net than momentum sleeves that concentrate in a few dozen winners, and it pays out quarterly.
  • Live since 2017 and now a multi-billion-dollar fund, it rates as one of the stronger implementations in the systematic US momentum group.

Worth knowing

  • DWSH 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.
  • JMOM Momentum by construction leans into what has already been working, which means the portfolio can be caught on the wrong side when market leadership flips.
  • The benchmark is J.P. Morgan's own US Momentum Factor Index, so methodology and rebalance rules sit with the issuer rather than an outside index provider.jpmorgan.com
  • Only moderately traded next to the category's headline tickers, so spreads are worth a look before placing size.

Full DWSH profile⁠

Full JMOM profile⁠

DWSH vs JMOM Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

DWSH vs JMOM Cost

Overpaying DWSH vs JMOM

$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%

    $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

Expense ratio

  • 3.53%DWSH
  • 0.12%JMOM, cheaper
  • Middle half of US Active Momentum funds
  • Median 0.64%

JMOM cheapest of 20 funds

DWSH 20th cheapest of 20 funds

DWSH vs JMOM Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
DWSH 7.61%, better
JMOM 0.79%
Payout (12M)
DWSH $0.41
JMOM $0.62
Last payment
DWSH $0.41
JMOM $0.18
Ex-dividend
DWSH Dec 22, 2025
JMOM Sep 22, 2026
Paid on
DWSH Dec 29, 2025
JMOM Sep 24, 2026
Frequency
DWSH Annual
JMOM Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DWSHAnnual · 5 paymentsAll DWSH payments⁠
One bar per payment. 5 payments from 2017 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.$0$0.502017202020232026YTD
JMOMQuarterly · 36 paymentsAll JMOM payments⁠
One bar per payment. 36 payments from 2017 to 2026 YTD. Dec 26, 2017 $0.08; Mar 21, 2018 $0.07; Jun 26, 2018 $0.10; Sep 25, 2018 $0.08; Dec 24, 2018 $0.08; Mar 20, 2019 $0.07; Jun 25, 2019 $0.10; Sep 24, 2019 $0.05; Dec 23, 2019 $0.12; Mar 24, 2020 $0.08; Jun 23, 2020 $0.07; Sep 22, 2020 $0.08; Dec 22, 2020 $0.11; Mar 23, 2021 $0.06; Jun 22, 2021 $0.06; Sep 21, 2021 $0.08; Dec 21, 2021 $0.11; Mar 22, 2022 $0.08; Jun 21, 2022 $0.13; Sep 20, 2022 $0.14; Dec 20, 2022 $0.18; Mar 21, 2023 $0.12; Jun 20, 2023 $0.14; Sep 19, 2023 $0.12; Dec 19, 2023 $0.18; Mar 19, 2024 $0.05; Jun 25, 2024 $0.10; Sep 24, 2024 $0.11; Dec 24, 2024 $0.18; Mar 25, 2025 $0.11; Jun 24, 2025 $0.14; Sep 23, 2025 $0.16; Dec 23, 2025 $0.17; Mar 24, 2026 $0.12; Jun 23, 2026 $0.15; Sep 22, 2026 $0.18. Use the arrow keys to read each point.$0$0.502017202020232026YTD

DWSH vs JMOM Risk

Fall from peak · 5 years

  • DWSH
  • JMOM
Nov 2, 2021 to Nov 2, 2026. Worst fall: DWSH −40.1% · Nov 2026. Use the arrow keys to read each point.−40%−30%−20%−10%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
DWSH 20.1%JMOM 15.1%, better
Return per unit of riskSharpe ratio, 3 years
DWSH −0.75JMOM 1.37, better
Worst fallMax drawdown, 5 years
DWSH −40.1%JMOM −28.3%, better
Market sensitivityBeta, 5 years
DWSH −1.07JMOM 1.07

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