DWSH vs. MSOX

Last updated Jun 25, 2026

DWSH (AdvisorShares Dorsey Wright Short ETF) and MSOX (Advisorshares Msos 2x Daily ETF) are both exchange-traded funds - DWSH is a Inverse Equities fund actively managed by AdvisorShares, while MSOX is a Leveraged Equities fund actively managed by AdvisorShares. Both are actively managed. Over the past 3 years, DWSH returned -4.46%/yr vs -65.71%/yr for MSOX. At a correlation of -0.27, they often move in opposite directions. DWSH charges 3.67%/yr vs 0.95%/yr for MSOX.

Performance

DWSH vs. MSOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AdvisorShares Dorsey Wright Short ETF (DWSH) and Advisorshares Msos 2x Daily ETF (MSOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DWSH achieves a 0.50% return, which is significantly higher than MSOX's -41.52% return.

DWSH

• 1D: -2.09%
• 1M: -0.20%
• YTD: 0.50%
• 6M: 0.96%
• 1Y: -7.85%
• 3Y*: -4.46%
• 5Y*: -1.16%
• 10Y*: —

MSOX

• 1D: -2.24%
• 1M: -4.73%
• YTD: -41.52%
• 6M: -42.16%
• 1Y: 14.91%
• 3Y*: -65.71%
• 5Y*: —
• 10Y*: —

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

DWSH vs. MSOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DWSH AdvisorShares Dorsey Wright Short ETF	0.50%	-2.57%	5.98%	-22.04%	7.39%
MSOX Advisorshares Msos 2x Daily ETF	-41.52%	-51.20%	-87.32%	-39.26%	-76.29%

Correlation

The correlation between DWSH and MSOX 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	-0.25
Correlation (All Time) Calculated using the full available price history since Aug 24, 2022	-0.27

DWSH vs. MSOX - Sectors Allocation Comparison

Sectors	DWSH	MSOX
Utilities	-	-
Basic Materials	-0.8%	-
Energy	-1.1%	-
Real Estate	-2.8%	-
Communication Services	-4.8%	-
Financial Services	-9.2%	181.2%
Consumer Defensive	-9.5%	-
Industrials	-12.5%	-
Healthcare	-12.5%	-
Consumer Cyclical	-18.0%	-
Technology	-23.8%	-

Return for Risk

DWSH vs. MSOX — Risk / Return Rank

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

DWSH

DWSH Risk / Return Rank: 6
DWSH Sharpe Ratio Rank: 6
DWSH Sortino Ratio Rank: 6
DWSH Omega Ratio Rank: 6
DWSH Calmar Ratio Rank: 5
DWSH Martin Ratio Rank: 6

MSOX

MSOX Risk / Return Rank: 21
MSOX Sharpe Ratio Rank: 10
MSOX Sortino Ratio Rank: 41
MSOX Omega Ratio Rank: 35
MSOX Calmar Ratio Rank: 11
MSOX Martin Ratio Rank: 10

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. MSOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Dorsey Wright Short ETF (DWSH) and Advisorshares Msos 2x Daily ETF (MSOX). 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.

	DWSH	MSOX	Difference
Sharpe ratio: Return per unit of total volatility	-0.38	0.07	-0.44
Sortino ratio: Return per unit of downside risk	-0.38	1.91	-2.29
Omega ratio: Gain probability vs. loss probability	0.95	1.22	-0.26
Calmar ratio: Return relative to maximum drawdown	-0.52	0.18	-0.70
Martin ratio: Return relative to average drawdown	-0.86	0.26	-1.13

DWSH vs. MSOX - Sharpe Ratio Comparison

The current DWSH Sharpe Ratio is -0.38, which is lower than the MSOX Sharpe Ratio of 0.07. The chart below compares the historical Sharpe Ratios of DWSH and MSOX, 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

DWSH vs. MSOX - Drawdown Comparison

The maximum DWSH drawdown since its inception was -82.73%, smaller than the maximum MSOX drawdown of -99.75%. Use the drawdown chart below to compare losses from any high point for DWSH and MSOX.

Drawdown Indicators

	DWSH	MSOX	Difference
Max Drawdown Largest peak-to-trough decline	-82.73%	-99.75%	+17.02%
Max Drawdown (1Y) Largest decline over 1 year	-15.13%	-84.89%	+69.76%
Max Drawdown (3Y) Largest decline over 3 years	-29.23%	-98.83%	+69.60%
Max Drawdown (5Y) Largest decline over 5 years	-32.87%	—	—
Current Drawdown Current decline from peak	-81.32%	-99.61%	+18.29%
Average Drawdown Average peak-to-trough decline	-63.70%	-88.91%	+25.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.10%	57.35%	-48.25%

Volatility

DWSH vs. MSOX - Volatility Comparison

The current volatility for AdvisorShares Dorsey Wright Short ETF (DWSH) is 6.86%, while Advisorshares Msos 2x Daily ETF (MSOX) has a volatility of 42.16%. This indicates that DWSH experiences smaller price fluctuations and is considered to be less risky than MSOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DWSH	MSOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.86%	42.16%	-35.30%
Volatility (6M) Calculated over the trailing 6-month period	14.48%	113.34%	-98.86%
Volatility (1Y) Calculated over the trailing 1-year period	21.03%	220.59%	-199.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.01%	168.01%	-142.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.15%	168.01%	-136.86%

DWSH vs. MSOX - Expense Ratio Comparison

DWSH has a 3.67% expense ratio, which is higher than MSOX's 0.95% expense ratio.

Dividends

DWSH vs. MSOX - Dividend Comparison

DWSH's dividend yield for the trailing twelve months is around 6.28%, while MSOX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DWSH AdvisorShares Dorsey Wright Short ETF	6.28%	6.31%	6.17%	10.28%	0.00%	0.00%	0.00%	0.14%	0.12%
MSOX Advisorshares Msos 2x Daily ETF	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 DWSH and MSOX in my portfolio?

DWSH and MSOX 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 MSOX?

MSOX has higher volatility (42.16%) compared to DWSH (6.86%). In terms of maximum drawdown, DWSH dropped -82.73% vs MSOX's -99.75%.

Which ETF is better, DWSH or MSOX?

On 3-year performance, DWSH leads with -4.46% vs -65.71% for MSOX. On fees, MSOX is cheaper at 0.95% per year. On volatility, DWSH has been the lower-risk option at 6.86%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DWSH or MSOX?

Over the 3-year period, DWSH has performed better with a -4.46% return vs -65.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DWSH or MSOX?

MSOX is cheaper with a 0.95% expense ratio, compared with 3.67% for DWSH.

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

DWSH has the higher dividend yield at 6.28%, compared with 0.00% for MSOX.

What is the main difference between DWSH and MSOX?

DWSH is categorized as Inverse Equities, while MSOX is Leveraged Equities. Their fees differ too: 3.67% for DWSH and 0.95% for MSOX.

Which has better risk-adjusted returns?

MSOX currently has the higher Sharpe Ratio (0.07 vs -0.38), 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.