CWS vs. GARY

Last updated Jul 14, 2026

CWS (AdvisorShares Focused Equity ETF) and GARY (Mango Growth ETF) are both Large Cap Growth Equities funds. Both are actively managed. A 0.50 correlation means they provide meaningful diversification when combined. Both charge a 0.77% expense ratio.

Performance

CWS vs. GARY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AdvisorShares Focused Equity ETF (CWS) and Mango Growth ETF (GARY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CWS achieves a -0.26% return, which is significantly lower than GARY's 30.03% return.

CWS

• 1D: 0.58%
• 1M: -0.56%
• 6M: -3.64%
• YTD: -0.26%
• 1Y: -1.11%
• 3Y*: 8.36%
• 5Y*: 8.08%
• 10Y*: —

GARY

• 1D: -1.55%
• 1M: -0.00%
• 6M: 22.99%
• YTD: 30.03%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CWS vs. GARY - Yearly Performance Comparison

	2026 (YTD)	2025
CWS AdvisorShares Focused Equity ETF	-0.26%	-1.15%
GARY Mango Growth ETF	30.03%	0.15%

Correlation

The correlation between CWS and GARY is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 22, 2025	0.50

Return for Risk

CWS vs. GARY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CWS

CWS Risk / Return Rank: 8
CWS Sharpe Ratio Rank: 8
CWS Sortino Ratio Rank: 8
CWS Omega Ratio Rank: 8
CWS Calmar Ratio Rank: 8
CWS Martin Ratio Rank: 8

GARY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CWS vs. GARY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Focused Equity ETF (CWS) and Mango Growth ETF (GARY). 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.

	CWS	GARY	Difference
Sharpe ratio: Return per unit of total volatility	-0.08	—	—
Sortino ratio: Return per unit of downside risk	-0.02	—	—
Omega ratio: Gain probability vs. loss probability	1.00	—	—
Calmar ratio: Return relative to maximum drawdown	-0.09	—	—
Martin ratio: Return relative to average drawdown	-0.23	—	—

Drawdowns

CWS vs. GARY - Drawdown Comparison

The maximum CWS drawdown since its inception was -33.82%, which is greater than GARY's maximum drawdown of -10.28%. Use the drawdown chart below to compare losses from any high point for CWS and GARY.

Drawdown Indicators

	CWS	GARY	Difference
Max Drawdown Largest peak-to-trough decline	-33.82%	-10.28%	-23.54%
Max Drawdown (1Y) Largest decline over 1 year	-11.92%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-16.56%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.87%	—	—
Current Drawdown Current decline from peak	-4.75%	-5.23%	+0.48%
Average Drawdown Average peak-to-trough decline	-4.55%	-1.87%	-2.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.80%	—	—

Volatility

Volatility by Period

	CWS	GARY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.55%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.41%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.48%	21.84%	-8.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.69%	21.84%	-6.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.87%	21.84%	-4.97%

CWS vs. GARY - Expense Ratio Comparison

Both CWS and GARY have an expense ratio of 0.77%.

Dividends

CWS vs. GARY - Dividend Comparison

CWS's dividend yield for the trailing twelve months is around 0.31%, more than GARY's 0.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CWS AdvisorShares Focused Equity ETF	0.31%	0.31%	0.59%	0.25%	0.50%	0.16%	0.27%	0.39%	2.07%	0.29%	0.03%
GARY Mango Growth ETF	0.04%	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CWS and GARY in my portfolio?

CWS and GARY have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CWS or GARY?

Both ETFs have the same 0.77% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CWS or GARY?

CWS and GARY have the same expense ratio: 0.77% per year.

Which ETF pays a higher dividend yield, CWS or GARY?

CWS has the higher dividend yield at 0.31%, compared with 0.04% for GARY.

What is the main difference between CWS and GARY?

They also come from different issuers: AdvisorShares and Mango.