DWAW vs. GARY

Last updated Jul 14, 2026

DWAW (AdvisorShares Dorsey Wright FSM All Cap World ETF) and GARY (Mango Growth ETF) are both Large Cap Growth Equities funds. Both are actively managed. Their correlation of 0.87 suggests significant overlap in exposure. DWAW charges 1.24%/yr vs 0.77%/yr for GARY.

Performance

DWAW vs. GARY - 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 Mango Growth ETF (GARY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DWAW achieves a 13.27% return, which is significantly lower than GARY's 30.03% return.

DWAW

• 1D: -1.34%
• 1M: -1.48%
• 6M: 10.28%
• YTD: 13.27%
• 1Y: 22.58%
• 3Y*: 16.73%
• 5Y*: 7.63%
• 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)

DWAW vs. GARY - Yearly Performance Comparison

	2026 (YTD)	2025
DWAW AdvisorShares Dorsey Wright FSM All Cap World ETF	13.27%	0.22%
GARY Mango Growth ETF	30.03%	0.15%

Correlation

The correlation between DWAW and GARY is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 22, 2025	0.87

Return for Risk

DWAW vs. GARY — Risk / Return Rank

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

DWAW

DWAW Risk / Return Rank: 49
DWAW Sharpe Ratio Rank: 48
DWAW Sortino Ratio Rank: 46
DWAW Omega Ratio Rank: 48
DWAW Calmar Ratio Rank: 49
DWAW Martin Ratio Rank: 56

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.

DWAW vs. GARY - 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 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.

	DWAW	GARY	Difference
Sharpe ratio: Return per unit of total volatility	1.34	—	—
Sortino ratio: Return per unit of downside risk	1.88	—	—
Omega ratio: Gain probability vs. loss probability	1.25	—	—
Calmar ratio: Return relative to maximum drawdown	1.96	—	—
Martin ratio: Return relative to average drawdown	7.63	—	—

Drawdowns

DWAW vs. GARY - Drawdown Comparison

The maximum DWAW drawdown since its inception was -31.55%, which is greater than GARY's maximum drawdown of -10.28%. Use the drawdown chart below to compare losses from any high point for DWAW and GARY.

Drawdown Indicators

	DWAW	GARY	Difference
Max Drawdown Largest peak-to-trough decline	-31.55%	-10.28%	-21.27%
Max Drawdown (1Y) Largest decline over 1 year	-11.58%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-22.91%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-28.43%	—	—
Current Drawdown Current decline from peak	-3.64%	-5.23%	+1.59%
Average Drawdown Average peak-to-trough decline	-10.84%	-1.87%	-8.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.97%	—	—

Volatility

Volatility by Period

	DWAW	GARY	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.26%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.59%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.99%	21.84%	-4.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.29%	21.84%	-2.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.51%	21.84%	+2.67%

DWAW vs. GARY - Expense Ratio Comparison

DWAW has a 1.24% expense ratio, which is higher than GARY's 0.77% expense ratio.

Dividends

DWAW vs. GARY - Dividend Comparison

DWAW's dividend yield for the trailing twelve months is around 0.67%, more than GARY's 0.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
DWAW AdvisorShares Dorsey Wright FSM All Cap World ETF	0.67%	0.76%	0.00%	1.70%	0.53%	1.45%	0.16%
GARY Mango Growth ETF	0.04%	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DWAW and GARY in my portfolio?

DWAW and GARY have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DWAW or GARY?

On fees, GARY is cheaper at 0.77% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DWAW or GARY?

GARY is cheaper with a 0.77% expense ratio, compared with 1.24% for DWAW.

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

DWAW has the higher dividend yield at 0.67%, compared with 0.04% for GARY.

What is the main difference between DWAW and GARY?

They also come from different issuers: AdvisorShares and Mango. Their fees differ too: 1.24% for DWAW and 0.77% for GARY.