DWSH vs. HIPS
Compare and contrast key facts about AdvisorShares Dorsey Wright Short ETF (DWSH) and GraniteShares HIPS US High Income ETF (HIPS).
DWSH and HIPS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DWSH is an actively managed fund by AdvisorShares. It was launched on Jul 10, 2018. HIPS is a passively managed fund by GraniteShares that tracks the performance of the TFMS HIPS Index. It was launched on Jan 6, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DWSH or HIPS.
Correlation
The correlation between DWSH and HIPS is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
DWSH vs. HIPS - Performance Comparison
Key characteristics
DWSH:
0.71
HIPS:
0.21
DWSH:
1.15
HIPS:
0.38
DWSH:
1.16
HIPS:
1.06
DWSH:
0.22
HIPS:
0.22
DWSH:
3.90
HIPS:
0.90
DWSH:
4.53%
HIPS:
3.72%
DWSH:
24.91%
HIPS:
14.78%
DWSH:
-82.33%
HIPS:
-53.14%
DWSH:
-78.05%
HIPS:
-8.70%
Returns By Period
In the year-to-date period, DWSH achieves a 15.08% return, which is significantly higher than HIPS's -4.27% return.
DWSH
15.08%
-10.05%
20.59%
17.62%
-17.60%
N/A
HIPS
-4.27%
7.93%
-3.35%
3.06%
12.29%
3.79%
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DWSH vs. HIPS - Expense Ratio Comparison
DWSH has a 3.67% expense ratio, which is higher than HIPS's 3.19% expense ratio.
Risk-Adjusted Performance
DWSH vs. HIPS — Risk-Adjusted Performance Rank
DWSH
HIPS
DWSH vs. HIPS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Dorsey Wright Short ETF (DWSH) and GraniteShares HIPS US High Income ETF (HIPS). 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.
Dividends
DWSH vs. HIPS - Dividend Comparison
DWSH's dividend yield for the trailing twelve months is around 5.36%, less than HIPS's 10.84% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
DWSH AdvisorShares Dorsey Wright Short ETF | 5.36% | 6.17% | 10.28% | 0.00% | 0.00% | 0.00% | 0.14% | 0.12% | 0.00% | 0.00% | 0.00% |
HIPS GraniteShares HIPS US High Income ETF | 10.84% | 10.04% | 10.32% | 10.76% | 8.43% | 9.50% | 7.56% | 8.66% | 7.28% | 7.20% | 7.44% |
Drawdowns
DWSH vs. HIPS - Drawdown Comparison
The maximum DWSH drawdown since its inception was -82.33%, which is greater than HIPS's maximum drawdown of -53.14%. Use the drawdown chart below to compare losses from any high point for DWSH and HIPS. For additional features, visit the drawdowns tool.
Volatility
DWSH vs. HIPS - Volatility Comparison
AdvisorShares Dorsey Wright Short ETF (DWSH) has a higher volatility of 14.45% compared to GraniteShares HIPS US High Income ETF (HIPS) at 8.36%. This indicates that DWSH's price experiences larger fluctuations and is considered to be riskier than HIPS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.