DWUS vs SEIM

DWUSDAdvisorShares Dorsey Wright FSM U.S. Core ETF

SEIMASEI QiM U.S. Large Cap Momentum Active ETF

In short

DWUS Most 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.

SEIM Momentum with a chaperone. SEI's quant model buys U.S. large caps that have been running, then leans on quality, value and low volatility to sand off the edges, all for 0.15% a year.

Stated mandate

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

SEIM The Fund seeks long-term capital appreciation by investing primarily in U.S. common stocks with relatively strong recent performance, using quantitative active stock selection and portfolio optimization.

Why people hold it

• DWUS Built-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
• Rules 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
• Capital preservation sits in the mandate as a stated secondary objective, which is unusual company for a momentum strategy.advisorshares.com
• While 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

• SEIM Charges 0.15% a year, a fraction of the typical fund in its active momentum peer group and level with the cheapest brand-name momentum ETFs like MTUM.
• Not pure chase-the-winners: the prospectus model also weighs quality, value and low volatility, so recent strength gets vetted, not just ranked.
• Roughly 70 names, concentrated enough for the factor to actually show up, run as an active quant mandate rather than a fixed index rebuild.
• Stacks up as one of the stronger implementations among the systematic U.S. momentum funds we cover.

Worth knowing

• DWUS Cost 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.
• A small, thinly traded fund, so bid-ask spreads can run wider than on the big index momentum names.
• The strategy may involve frequent buying and selling, which the prospectus notes can lift transaction costs and taxable distributions.sec.gov

• SEIM Momentum buys what has already moved. When market leadership rotates, this style can turn over quickly and trail the broad market.
• Launched in 2022, so the live record is short and hasn't spanned many market regimes.
• Mid-sized and moderately traded, so bid-ask spreads are worth a glance at the moment you trade.

Full DWUS profile⁠

Full SEIM profile⁠