DWSH vs. SPMO
Compare and contrast key facts about AdvisorShares Dorsey Wright Short ETF (DWSH) and Invesco S&P 500® Momentum ETF (SPMO).
DWSH and SPMO 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. SPMO is a passively managed fund by Invesco that tracks the performance of the S&P 500 Momentum Index. It was launched on Oct 9, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DWSH or SPMO.
Correlation
The correlation between DWSH and SPMO is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
DWSH vs. SPMO - Performance Comparison
Key characteristics
DWSH:
0.71
SPMO:
1.02
DWSH:
1.15
SPMO:
1.51
DWSH:
1.16
SPMO:
1.22
DWSH:
0.22
SPMO:
1.25
DWSH:
3.90
SPMO:
4.52
DWSH:
4.53%
SPMO:
5.57%
DWSH:
24.91%
SPMO:
24.70%
DWSH:
-82.33%
SPMO:
-30.95%
DWSH:
-78.05%
SPMO:
-4.43%
Returns By Period
In the year-to-date period, DWSH achieves a 15.08% return, which is significantly higher than SPMO's 3.87% return.
DWSH
15.08%
-10.05%
20.59%
17.62%
-17.60%
N/A
SPMO
3.87%
19.16%
2.96%
25.00%
20.72%
N/A
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DWSH vs. SPMO - Expense Ratio Comparison
DWSH has a 3.67% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Risk-Adjusted Performance
DWSH vs. SPMO — Risk-Adjusted Performance Rank
DWSH
SPMO
DWSH vs. SPMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Dorsey Wright Short ETF (DWSH) and Invesco S&P 500® Momentum ETF (SPMO). 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. SPMO - Dividend Comparison
DWSH's dividend yield for the trailing twelve months is around 5.36%, more than SPMO's 0.52% 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% |
SPMO Invesco S&P 500® Momentum ETF | 0.52% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
DWSH vs. SPMO - Drawdown Comparison
The maximum DWSH drawdown since its inception was -82.33%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for DWSH and SPMO. For additional features, visit the drawdowns tool.
Volatility
DWSH vs. SPMO - Volatility Comparison
AdvisorShares Dorsey Wright Short ETF (DWSH) has a higher volatility of 14.45% compared to Invesco S&P 500® Momentum ETF (SPMO) at 13.05%. This indicates that DWSH's price experiences larger fluctuations and is considered to be riskier than SPMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.