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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in AdvisorShares Dorsey Wright Short ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
AdvisorShares Dorsey Wright Short ETF (DWSH) has returned 1.79% so far this year and -7.29% over the past 12 months.
AdvisorShares Dorsey Wright Short ETF
- 1D
- -1.75%
- 1M
- 6.00%
- YTD
- 1.79%
- 6M
- 1.48%
- 1Y
- -7.29%
- 3Y*
- -3.43%
- 5Y*
- -2.35%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Jul 11, 2018, DWSH's average daily return is -0.04%, while the average monthly return is -0.78%.
Historically, 46% of months were positive and 54% were negative. The best month was Mar 2020 with a return of +29.4%, while the worst month was Nov 2020 at -30.6%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 9 months.
On a daily basis, DWSH closed higher 50% of trading days. The best single day was Mar 9, 2020 with a return of +12.8%, while the worst single day was Nov 9, 2020 at -15.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -3.42% | -0.58% | 6.00% | 1.79% | |||||||||
| 2025 | -1.56% | 4.91% | 3.58% | 9.31% | -4.26% | -5.59% | -3.92% | -6.49% | 2.92% | 2.27% | -1.38% | -1.14% | -2.57% |
| 2024 | 4.69% | -1.49% | -3.72% | 7.15% | -2.40% | 2.74% | -6.79% | 4.14% | -1.99% | 4.41% | -5.76% | 6.13% | 5.98% |
| 2023 | -17.47% | 4.73% | 5.24% | 1.10% | 5.14% | -9.16% | -9.80% | 7.10% | 8.64% | 8.71% | -10.12% | -13.44% | -22.04% |
| 2022 | 1.53% | 1.16% | -4.00% | 11.58% | 1.29% | 10.79% | -10.32% | 2.66% | 15.15% | -10.54% | -7.35% | 8.26% | 17.45% |
| 2021 | -6.65% | -6.47% | -7.02% | -2.91% | -2.50% | -2.68% | 2.46% | -1.49% | 1.86% | -1.03% | 7.36% | -9.11% | -25.74% |
Benchmark Metrics
AdvisorShares Dorsey Wright Short ETF has an annualized alpha of 5.72%, beta of -1.16, and R² of 0.52 versus S&P 500 Index. Calculated based on daily prices since July 12, 2018.
- This ETF tended to rise when S&P 500 Index fell (downside capture of -298.42%), but participation in market rallies was also limited (-83.85%) — a profile typical of counter-cyclical assets.
- This ETF generated an annualized alpha of 5.72% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
- Beta of -1.16 indicates this ETF moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 5.72%
- Beta
- -1.16
- R²
- 0.52
- Upside Capture
- -83.85%
- Downside Capture
- -298.42%
Expense Ratio
DWSH has a high expense ratio of 3.67%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
DWSH ranks 8 for risk / return — in the bottom 8% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for AdvisorShares Dorsey Wright Short ETF (DWSH) and compare them to a chosen benchmark (S&P 500 Index).
| DWSH | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.26 | 0.90 | -1.16 |
Sortino ratioReturn per unit of downside risk | -0.18 | 1.39 | -1.57 |
Omega ratioGain probability vs. loss probability | 0.98 | 1.21 | -0.23 |
Calmar ratioReturn relative to maximum drawdown | -0.22 | 1.40 | -1.62 |
Martin ratioReturn relative to average drawdown | -0.30 | 6.61 | -6.91 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore DWSH risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
AdvisorShares Dorsey Wright Short ETF provided a 6.20% dividend yield over the last twelve months, with an annual payout of $0.41 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.41 | $0.41 | $0.43 | $0.72 | $0.00 | $0.00 | $0.00 | $0.03 | $0.04 |
Dividend yield | 6.20% | 6.31% | 6.17% | 10.28% | 0.00% | 0.00% | 0.00% | 0.14% | 0.12% |
Monthly Dividends
The table displays the monthly dividend distributions for AdvisorShares Dorsey Wright Short 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 | |||||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.41 | $0.41 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.43 | $0.43 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.72 | $0.72 |
| 2022 | $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 |
| 2021 | $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 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the AdvisorShares Dorsey Wright Short 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 Short ETF was 82.73%, occurring on Jan 22, 2026. The portfolio has not yet recovered.
The current AdvisorShares Dorsey Wright Short ETF drawdown is 81.08%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -82.73% | Mar 19, 2020 | 1469 | Jan 22, 2026 | — | — | — |
| -30.79% | Dec 26, 2018 | 267 | Jan 16, 2020 | 35 | Mar 9, 2020 | 302 |
| -8.99% | Oct 30, 2018 | 7 | Nov 7, 2018 | 21 | Dec 10, 2018 | 28 |
| -6.04% | Mar 13, 2020 | 1 | Mar 13, 2020 | 1 | Mar 16, 2020 | 2 |
| -4.42% | Mar 10, 2020 | 1 | Mar 10, 2020 | 1 | Mar 11, 2020 | 2 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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