BEDZ vs. DWAW

Last updated Aug 2, 2026

BEDZ (AdvisorShares Hotel ETF) and DWAW (AdvisorShares Dorsey Wright FSM All Cap World ETF) are both exchange-traded funds - BEDZ is a Consumer Discretionary Equities fund actively managed by AdvisorShares, while DWAW is a Large Cap Growth Equities fund actively managed by AdvisorShares. Both are actively managed. Over the past 5 years, BEDZ returned 10.99%/yr vs 7.35%/yr for DWAW. Their 0.60 correlation means they have sometimes moved together and sometimes differently. BEDZ charges 0.99%/yr vs 1.24%/yr for DWAW.

Performance

BEDZ vs. DWAW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AdvisorShares Hotel ETF (BEDZ) and AdvisorShares Dorsey Wright FSM All Cap World ETF (DWAW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with BEDZ having a 11.91% return and DWAW slightly higher at 12.39%.

BEDZ

• 1D: -0.13%
• 1M: 1.55%
• 6M: 14.32%
• YTD: 11.91%
• 1Y: 18.93%
• 3Y*: 13.22%
• 5Y*: 10.99%
• 10Y*: —
• ALL TIME*: 9.14%

DWAW

• 1D: -0.52%
• 1M: -1.23%
• 6M: 9.45%
• YTD: 12.39%
• 1Y: 21.26%
• 3Y*: 16.07%
• 5Y*: 7.35%
• 10Y*: —
• ALL TIME*: 15.57%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BEDZ AdvisorShares Hotel ETF	$65.74K	$44.95K	$74.21K
DWAW AdvisorShares Dorsey Wright FSM All Cap World ETF	$31.55K	$26.41K	$94.07K

BEDZ vs. DWAW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BEDZ AdvisorShares Hotel ETF	11.91%	3.46%	18.31%	23.88%	-13.40%	7.95%
DWAW AdvisorShares Dorsey Wright FSM All Cap World ETF	12.39%	10.85%	18.48%	11.18%	-17.80%	2.94%

Correlation

The correlation between BEDZ and DWAW is 0.42, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.42
Correlation (3Y) Balances recent behavior with more history.	0.54
Correlation (5Y) Shows whether the relationship held over a longer period.	0.59
Correlation (All Time) Calculated using the full available price history since Apr 21, 2021	0.60

The correlation between BEDZ and DWAW shifts across timeframes, from 0.42 (1 year) to 0.60 (all time), reflecting how their relationship changes across market environments.

BEDZ vs. DWAW - Sectors Allocation Comparison

Sectors	BEDZ	DWAW
Real Estate	50.6%	1.4%
Consumer Cyclical	44.5%	7.5%
Industrials	4.1%	10.9%
Communication Services	1.5%	6.3%
Basic Materials	-	4.3%
Consumer Defensive	-	3.8%
Energy	-	4.4%
Financial Services	-	18.4%
Healthcare	-	7.7%
Technology	-	32.6%
Utilities	-	2.8%

Return for Risk

BEDZ vs. DWAW — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BEDZ

BEDZ Risk / Return Rank: 34
BEDZ Sharpe Ratio Rank: 32
BEDZ Sortino Ratio Rank: 34
BEDZ Omega Ratio Rank: 30
BEDZ Calmar Ratio Rank: 38
BEDZ Martin Ratio Rank: 33

DWAW

DWAW Risk / Return Rank: 51
DWAW Sharpe Ratio Rank: 50
DWAW Sortino Ratio Rank: 48
DWAW Omega Ratio Rank: 48
DWAW Calmar Ratio Rank: 51
DWAW Martin Ratio Rank: 57

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BEDZ vs. DWAW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Hotel ETF (BEDZ) and AdvisorShares Dorsey Wright FSM All Cap World ETF (DWAW). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	BEDZ	DWAW	Difference
Sharpe ratio: Return per unit of total volatility	0.79	1.22	-0.43
Sortino ratio: Return per unit of downside risk	1.30	1.75	-0.45
Omega ratio: Gain probability vs. loss probability	1.15	1.22	-0.08
Calmar ratio: Return relative to maximum drawdown	1.34	1.82	-0.48
Martin ratio: Return relative to average drawdown	3.19	6.77	-3.59

BEDZ vs. DWAW - Sharpe Ratio Comparison

The current BEDZ Sharpe Ratio is 0.79, which is lower than the DWAW Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of BEDZ and DWAW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BEDZ vs. DWAW - Drawdown Comparison

The maximum BEDZ drawdown since its inception was -29.70%, smaller than the maximum DWAW drawdown of -31.55%. Use the drawdown chart below to compare losses from any high point for BEDZ and DWAW.

Drawdown Indicators

	BEDZ	DWAW	Difference
Max Drawdown Largest peak-to-trough decline	-29.70%	-31.55%	+1.85%
Max Drawdown (1Y) Largest decline over 1 year	-12.06%	-11.58%	-0.48%
Max Drawdown (3Y) Largest decline over 3 years	-28.31%	-22.91%	-5.40%
Max Drawdown (5Y) Largest decline over 5 years	-29.70%	-28.43%	-1.27%
Current Drawdown Current decline from peak	-2.43%	-4.38%	+1.95%
Average Drawdown Average peak-to-trough decline	-7.89%	-10.78%	+2.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.08%	3.11%	+1.97%

Volatility

BEDZ vs. DWAW - Volatility Comparison

AdvisorShares Hotel ETF (BEDZ) has a higher volatility of 5.40% compared to AdvisorShares Dorsey Wright FSM All Cap World ETF (DWAW) at 4.70%. This indicates that BEDZ's price experiences larger fluctuations and is considered to be riskier than DWAW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BEDZ	DWAW	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.40%	4.70%	+0.70%
Volatility (6M) Calculated over the trailing 6-month period	15.18%	14.82%	+0.36%
Volatility (1Y) Calculated over the trailing 1-year period	20.40%	17.33%	+3.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.60%	19.27%	+5.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.66%	24.46%	+0.20%

BEDZ vs. DWAW - Expense Ratio Comparison

BEDZ has a 0.99% expense ratio, which is lower than DWAW's 1.24% expense ratio.

Dividends

BEDZ vs. DWAW - Dividend Comparison

BEDZ's dividend yield for the trailing twelve months is around 2.06%, more than DWAW's 0.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
BEDZ AdvisorShares Hotel ETF	2.06%	2.31%	0.00%	1.67%	0.21%	0.36%	0.00%
DWAW AdvisorShares Dorsey Wright FSM All Cap World ETF	0.68%	0.76%	0.00%	1.70%	0.53%	1.45%	0.16%

Frequently Asked Questions

Can I hold both BEDZ and DWAW in my portfolio?

BEDZ and DWAW have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BEDZ or DWAW?

BEDZ has higher volatility (5.40%) compared to DWAW (4.70%). In terms of maximum drawdown, BEDZ dropped -29.70% vs DWAW's -31.55%.

Which ETF is better, BEDZ or DWAW?

On 5-year performance, BEDZ leads with 10.99% vs 7.35% for DWAW. On fees, BEDZ is cheaper at 0.99% per year. On volatility, DWAW has been the lower-risk option at 4.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BEDZ or DWAW?

Over the 5-year period, BEDZ has performed better with a 10.99% return vs 7.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BEDZ or DWAW?

BEDZ is cheaper with a 0.99% expense ratio, compared with 1.24% for DWAW.

Which ETF pays a higher dividend yield, BEDZ or DWAW?

BEDZ has the higher dividend yield at 2.06%, compared with 0.68% for DWAW.

What is the main difference between BEDZ and DWAW?

BEDZ is categorized as Consumer Discretionary Equities, while DWAW is Large Cap Growth Equities. Their fees differ too: 0.99% for BEDZ and 1.24% for DWAW.

Which has better risk-adjusted returns?

DWAW currently has the higher Sharpe Ratio (1.22 vs 0.79), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.