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.
Performance
DWSH vs. SPMO - Performance Comparison
Loading graphics...
DWSH vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DWSH AdvisorShares Dorsey Wright Short ETF | 1.79% | -2.57% | 5.98% | -22.04% | 17.45% | -25.74% | -49.95% | -25.27% | 22.28% |
SPMO Invesco S&P 500 Momentum ETF | -5.78% | 26.58% | 45.82% | 17.56% | -10.45% | 22.64% | 28.25% | 25.93% | -10.71% |
Returns By Period
In the year-to-date period, DWSH achieves a 1.79% return, which is significantly higher than SPMO's -5.78% return.
DWSH
- 1D
- -1.75%
- 1M
- 6.00%
- YTD
- 1.79%
- 6M
- 1.48%
- 1Y
- -7.29%
- 3Y*
- -3.43%
- 5Y*
- -2.35%
- 10Y*
- —
SPMO
- 1D
- 3.96%
- 1M
- -5.89%
- YTD
- -5.78%
- 6M
- -6.90%
- 1Y
- 22.23%
- 3Y*
- 28.36%
- 5Y*
- 17.17%
- 10Y*
- 17.16%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
DWSH vs. SPMO - Expense Ratio Comparison
DWSH has a 3.67% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Return for Risk
DWSH vs. SPMO — Risk / Return Rank
DWSH
SPMO
DWSH vs. SPMO - Risk-Adjusted Trends 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.
| DWSH | SPMO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.26 | 0.98 | -1.25 |
Sortino ratioReturn per unit of downside risk | -0.18 | 1.51 | -1.69 |
Omega ratioGain probability vs. loss probability | 0.98 | 1.22 | -0.25 |
Calmar ratioReturn relative to maximum drawdown | -0.22 | 1.79 | -2.01 |
Martin ratioReturn relative to average drawdown | -0.30 | 6.36 | -6.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| DWSH | SPMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.26 | 0.98 | -1.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.09 | 0.91 | -1.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.86 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.43 | 0.85 | -1.28 |
Correlation
The correlation between DWSH and SPMO is -0.46. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
DWSH vs. SPMO - Dividend Comparison
DWSH's dividend yield for the trailing twelve months is around 6.20%, more than SPMO's 0.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DWSH AdvisorShares Dorsey Wright Short ETF | 6.20% | 6.31% | 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 | 0.91% | 0.73% | 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 -82.73%, 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.
Loading graphics...
Drawdown Indicators
| DWSH | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.73% | -30.95% | -51.78% |
Max Drawdown (1Y)Largest decline over 1 year | -29.23% | -12.70% | -16.53% |
Max Drawdown (5Y)Largest decline over 5 years | -32.87% | -22.74% | -10.13% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.95% | — |
Current DrawdownCurrent decline from peak | -81.08% | -9.24% | -71.84% |
Average DrawdownAverage peak-to-trough decline | -63.20% | -4.66% | -58.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.78% | 3.57% | +18.21% |
Volatility
DWSH vs. SPMO - Volatility Comparison
The current volatility for AdvisorShares Dorsey Wright Short ETF (DWSH) is 5.21%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 6.82%. This indicates that DWSH experiences smaller price fluctuations and is considered to be less risky than SPMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| DWSH | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.21% | 6.82% | -1.61% |
Volatility (6M)Calculated over the trailing 6-month period | 13.92% | 12.62% | +1.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.78% | 22.68% | +5.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.73% | 19.06% | +6.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.43% | 20.08% | +11.35% |