DWSH vs. MSOS

Last updated Jun 4, 2026

DWSH (AdvisorShares Dorsey Wright Short ETF) and MSOS (AdvisorShares Pure US Cannabis ETF) are both exchange-traded funds - DWSH is a Inverse Equities fund actively managed by AdvisorShares, while MSOS is a Small Cap Blend Equities fund actively managed by AdvisorShares. Both are actively managed. Over the past 5 years, DWSH returned -1.61%/yr vs -35.03%/yr for MSOS. At a correlation of -0.30, they often move in opposite directions. DWSH charges 3.67%/yr vs 0.74%/yr for MSOS.

Performance

DWSH vs. MSOS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AdvisorShares Dorsey Wright Short ETF (DWSH) and AdvisorShares Pure US Cannabis ETF (MSOS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DWSH achieves a 0.85% return, which is significantly higher than MSOS's 0.42% return.

DWSH

• 1D: 2.36%
• 1M: 0.62%
• YTD: 0.85%
• 6M: 1.07%
• 1Y: -10.40%
• 3Y*: -4.14%
• 5Y*: -1.61%
• 10Y*: —

MSOS

• 1D: -6.14%
• 1M: -2.07%
• YTD: 0.42%
• 6M: 28.46%
• 1Y: 99.16%
• 3Y*: -4.01%
• 5Y*: -35.03%
• 10Y*: —

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

DWSH vs. MSOS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
DWSH AdvisorShares Dorsey Wright Short ETF	0.85%	-2.57%	5.98%	-22.04%	17.45%	-25.74%	-34.97%
MSOS AdvisorShares Pure US Cannabis ETF	0.42%	23.88%	-45.65%	0.29%	-72.68%	-29.69%	47.95%

Correlation

The correlation between DWSH and MSOS is -0.29, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.29
Correlation (3Y) Calculated over the trailing 3-year period	-0.24
Correlation (5Y) Calculated over the trailing 5-year period	-0.30
Correlation (All Time) Calculated using the full available price history since Sep 3, 2020	-0.30

DWSH vs. MSOS - Sectors Allocation Comparison

Sectors	DWSH	MSOS
Utilities	-	-
Basic Materials	-0.8%	-
Energy	-1.1%	-
Communication Services	-4.5%	-
Real Estate	-5.9%	50.2%
Consumer Defensive	-7.7%	-
Financial Services	-8.9%	-
Healthcare	-12.0%	2.5%
Consumer Cyclical	-12.6%	17.8%
Industrials	-13.5%	29.6%
Technology	-25.6%	-

Return for Risk

DWSH vs. MSOS — Risk / Return Rank

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

DWSH

DWSH Risk / Return Rank: 4
DWSH Sharpe Ratio Rank: 4
DWSH Sortino Ratio Rank: 5
DWSH Omega Ratio Rank: 4
DWSH Calmar Ratio Rank: 4
DWSH Martin Ratio Rank: 5

MSOS

MSOS Risk / Return Rank: 32
MSOS Sharpe Ratio Rank: 24
MSOS Sortino Ratio Rank: 39
MSOS Omega Ratio Rank: 35
MSOS Calmar Ratio Rank: 38
MSOS Martin Ratio Rank: 26

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.

DWSH vs. MSOS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Dorsey Wright Short ETF (DWSH) and AdvisorShares Pure US Cannabis ETF (MSOS). 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.

	DWSH	MSOS	Difference
Sharpe ratio Return per unit of total volatility	-0.50	0.89	-1.39
Sortino ratio Return per unit of downside risk	-0.55	2.04	-2.59
Omega ratio Gain probability vs. loss probability	0.93	1.24	-0.31
Calmar ratio Return relative to maximum drawdown	-0.58	1.88	-2.46
Martin ratio Return relative to average drawdown	-0.88	3.58	-4.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DWSH vs. MSOS - Sharpe Ratio Comparison

The current DWSH Sharpe Ratio is -0.50, which is lower than the MSOS Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of DWSH and MSOS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DWSH	MSOS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.50	0.89	-1.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.06	-0.45	+0.39
Sharpe Ratio (All Time) Calculated using the full available price history	-0.43	-0.34	-0.09

Drawdowns

DWSH vs. MSOS - Drawdown Comparison

The maximum DWSH drawdown since its inception was -82.73%, smaller than the maximum MSOS drawdown of -96.25%. Use the drawdown chart below to compare losses from any high point for DWSH and MSOS.

Drawdown Indicators

	DWSH	MSOS	Difference
Max Drawdown Largest peak-to-trough decline	-82.73%	-96.25%	+13.52%
Max Drawdown (1Y) Largest decline over 1 year	-18.08%	-52.91%	+34.83%
Max Drawdown (3Y) Largest decline over 3 years	-29.23%	-81.71%	+52.48%
Max Drawdown (5Y) Largest decline over 5 years	-32.87%	-94.99%	+62.12%
Current Drawdown Current decline from peak	-81.25%	-91.37%	+10.12%
Average Drawdown Average peak-to-trough decline	-63.61%	-71.71%	+8.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.82%	27.78%	-15.96%

Volatility

DWSH vs. MSOS - Volatility Comparison

The current volatility for AdvisorShares Dorsey Wright Short ETF (DWSH) is 6.08%, while AdvisorShares Pure US Cannabis ETF (MSOS) has a volatility of 20.45%. This indicates that DWSH experiences smaller price fluctuations and is considered to be less risky than MSOS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DWSH	MSOS	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.08%	20.45%	-14.37%
Volatility (6M) Calculated over the trailing 6-month period	13.93%	80.61%	-66.68%
Volatility (1Y) Calculated over the trailing 1-year period	21.19%	112.00%	-90.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.93%	77.81%	-51.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.22%	74.04%	-42.82%

DWSH vs. MSOS - Expense Ratio Comparison

DWSH has a 3.67% expense ratio, which is higher than MSOS's 0.74% expense ratio.

Dividends

DWSH vs. MSOS - Dividend Comparison

DWSH's dividend yield for the trailing twelve months is around 6.26%, while MSOS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DWSH AdvisorShares Dorsey Wright Short ETF	6.26%	6.31%	6.17%	10.28%	0.00%	0.00%	0.00%	0.14%	0.12%
MSOS AdvisorShares Pure US Cannabis ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.27%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DWSH and MSOS in my portfolio?

DWSH and MSOS have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DWSH or MSOS?

MSOS has higher volatility (20.45%) compared to DWSH (6.08%). In terms of maximum drawdown, DWSH dropped -82.73% vs MSOS's -96.25%.

Which ETF is better, DWSH or MSOS?

On 5-year performance, DWSH leads with -1.61% vs -35.03% for MSOS. On fees, MSOS is cheaper at 0.74% per year. On volatility, DWSH has been the lower-risk option at 6.08%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DWSH or MSOS?

Over the 5-year period, DWSH has performed better with a -1.61% return vs -35.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DWSH or MSOS?

MSOS is cheaper with a 0.74% expense ratio, compared with 3.67% for DWSH.

Which ETF pays a higher dividend yield, DWSH or MSOS?

DWSH has the higher dividend yield at 6.26%, compared with 0.00% for MSOS.

What is the main difference between DWSH and MSOS?

DWSH is categorized as Inverse Equities, while MSOS is Small Cap Blend Equities. Their fees differ too: 3.67% for DWSH and 0.74% for MSOS.

Which has better risk-adjusted returns?

MSOS currently has the higher Sharpe Ratio (0.89 vs -0.50), 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.