DWAW vs. BEDZ

Last updated Aug 2, 2026

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

Performance

DWAW vs. BEDZ - Performance Comparison

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

Returns By Period

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

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%

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%

*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

DWAW vs. BEDZ - Yearly Performance Comparison

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

Correlation

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

DWAW vs. BEDZ - Sectors Allocation Comparison

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

Return for Risk

DWAW vs. BEDZ — Risk / Return Rank

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

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

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

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.

DWAW vs. BEDZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Dorsey Wright FSM All Cap World ETF (DWAW) and AdvisorShares Hotel ETF (BEDZ). 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.

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

DWAW vs. BEDZ - Sharpe Ratio Comparison

The current DWAW Sharpe Ratio is 1.22, which is higher than the BEDZ Sharpe Ratio of 0.79. The chart below compares the historical Sharpe Ratios of DWAW and BEDZ, 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

DWAW vs. BEDZ - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

DWAW vs. BEDZ - Volatility Comparison

The current volatility for AdvisorShares Dorsey Wright FSM All Cap World ETF (DWAW) is 4.70%, while AdvisorShares Hotel ETF (BEDZ) has a volatility of 5.40%. This indicates that DWAW experiences smaller price fluctuations and is considered to be less risky than BEDZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

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

DWAW vs. BEDZ - Expense Ratio Comparison

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

Dividends

DWAW vs. BEDZ - Dividend Comparison

DWAW's dividend yield for the trailing twelve months is around 0.68%, less than BEDZ's 2.06% 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 DWAW and BEDZ in my portfolio?

DWAW and BEDZ 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, DWAW or BEDZ?

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

Which ETF is better, DWAW or BEDZ?

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, DWAW or BEDZ?

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, DWAW or BEDZ?

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

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

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

What is the main difference between DWAW and BEDZ?

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

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.