- ISIN
- US00768Y4796
- CUSIP
- 00768Y479
- Issuer
- AdvisorShares
- Inception Date
- Dec 26, 2019
- Region
- North America (U.S.)
- Category
- Large Cap Growth Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $96M
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
DWAW Performance Chart
AdvisorShares Dorsey Wright FSM All Cap World ETF (DWAW) is up 14.0% since the beginning of the year. DWAW is currently trading at $50 per share. Investors who bought $1,000 worth of DWAW shares 5 years ago would now be looking at an investment worth $1,439.
Loading charts...
Returns By Period
AdvisorShares Dorsey Wright FSM All Cap World ETF (DWAW) has returned 14.00% so far this year and 24.71% over the past 12 months.
AdvisorShares Dorsey Wright FSM All Cap World ETF
- 1D
- -3.01%
- 1M
- 1.62%
- YTD
- 14.00%
- 6M
- 13.09%
- 1Y
- 24.71%
- 3Y*
- 18.75%
- 5Y*
- 7.55%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
DWAW Monthly Returns History
Based on dividend-adjusted daily data since Dec 27, 2019, DWAW's average daily return is +0.07%, while the average monthly return is +1.41%. At this rate, an investment would double in approximately 4.1 years.
Historically, 59% of months were positive and 41% were negative. The best month was Dec 2019 with a return of +24.9%, while the worst month was Jan 2022 at -11.3%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 3 months.
On a daily basis, DWAW closed higher 55% of trading days. The best single day was Dec 27, 2019 with a return of +25.4%, while the worst single day was Mar 16, 2020 at -11.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.68% | 2.55% | -7.73% | 10.46% | 7.03% | -0.76% | 14.00% | ||||||
| 2025 | 3.99% | -3.88% | -7.80% | 1.43% | 8.13% | 2.44% | -0.57% | 1.27% | 4.85% | 0.84% | -0.84% | 1.43% | 10.85% |
| 2024 | 1.25% | 6.00% | 1.81% | -4.81% | 5.19% | 5.29% | -1.84% | 0.16% | 2.08% | -0.68% | 8.09% | -4.55% | 18.48% |
| 2023 | 9.51% | -4.65% | -3.85% | 0.26% | -3.66% | 5.19% | 3.64% | -2.96% | -4.81% | -3.47% | 10.85% | 6.41% | 11.18% |
| 2022 | -11.31% | -2.11% | 3.59% | -5.63% | 2.08% | -7.86% | 4.30% | -2.66% | -8.85% | 10.93% | 5.68% | -5.08% | -17.80% |
| 2021 | 1.95% | 1.12% | -4.16% | 4.33% | -2.51% | -1.83% | -0.75% | 2.53% | -4.63% | 7.41% | 0.33% | 0.30% | 3.49% |
Benchmark Metrics
AdvisorShares Dorsey Wright FSM All Cap World ETF has an annualized alpha of 3.53%, beta of 0.98, and R2 of 0.66 versus S&P 500 Index. Calculated based on daily prices since December 27, 2019.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (87.94%) than losses (75.97%) - typical of diversified or defensive assets.
- This ETF generated an annualized alpha of 3.53% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.98 and R2 of 0.66, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 3.53%
- Beta
- 0.98
- R²
- 0.66
- Upside Capture
- 87.94%
- Downside Capture
- 75.97%
Expense Ratio
DWAW has a high expense ratio of 1.24%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
DWAW ranks 47 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for AdvisorShares Dorsey Wright FSM All Cap World ETF (DWAW) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DWAW | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.32 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 2.46 | -0.31 |
| Martin ratioReturn relative to average drawdown | 8.53 | 10.92 | -2.39 |
Dividends
Dividend History
AdvisorShares Dorsey Wright FSM All Cap World ETF provided a 0.67% dividend yield over the last twelve months, with an annual payout of $0.34 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.34 | $0.34 | $0.00 | $0.58 | $0.16 | $0.55 | $0.06 |
Dividend yield | 0.67% | 0.76% | 0.00% | 1.70% | 0.53% | 1.45% | 0.16% |
Monthly Dividends
The table displays the monthly dividend distributions for AdvisorShares Dorsey Wright FSM All Cap World ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.34 | $0.34 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.58 | $0.58 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.16 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.55 | $0.55 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the AdvisorShares Dorsey Wright FSM All Cap World ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the AdvisorShares Dorsey Wright FSM All Cap World ETF was 31.55%, occurring on Sep 30, 2022. Recovery took 441 trading sessions.
The current AdvisorShares Dorsey Wright FSM All Cap World ETF drawdown is 3.01%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -31.55%Sep 2022 | 1y 7mo | 1y 9mo | 3y 4moFeb 2021 - Jul 2024 |
COVID crash2020 | -29.02%Mar 2020 | 1mo 1d | 2mo 14d | 3mo 15dFeb 2020 - Jun 2020 |
2025 selloff2025 | -22.91%Apr 2025 | 4mo | 4mo 6d | 8mo 6dDec 2024 - Aug 2025 |
2024 correction2024 | -13.08%Aug 2024 | 27d | 3mo 2d | 3mo 29dJul 2024 - Nov 2024 |
2026 correction2026 | -11.58%Mar 2026 | 1mo 2d | 18d | 1mo 20dFeb 2026 - Apr 2026 |
Drawdown Indicators
| DWAW | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.55% | -56.78% | +25.23% |
Max Drawdown (1Y)Largest decline over 1 year | -11.58% | -9.10% | -2.48% |
Max Drawdown (3Y)Largest decline over 3 years | -22.91% | -18.90% | -4.01% |
Max Drawdown (5Y)Largest decline over 5 years | -28.43% | -25.43% | -3.00% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -3.01% | -3.21% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -10.90% | -10.71% | -0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 2.04% | +0.86% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with DWAW
Add AdvisorShares Dorsey Wright FSM All Cap World ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with DWAW