DWSH vs. YQQQ

Last updated Jun 25, 2026

DWSH (AdvisorShares Dorsey Wright Short ETF) and YQQQ (YieldMax Short N100 Option Income Strategy ETF) are both exchange-traded funds - DWSH is a Inverse Equities fund actively managed by AdvisorShares, while YQQQ is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, DWSH returned -7.85% vs -11.37% for YQQQ. At a 0.36 correlation, their price movements are largely independent. DWSH charges 3.67%/yr vs 0.99%/yr for YQQQ.

Performance

DWSH vs. YQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AdvisorShares Dorsey Wright Short ETF (DWSH) and YieldMax Short N100 Option Income Strategy ETF (YQQQ). 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 YQQQ's -6.68% return.

DWSH

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

YQQQ

• 1D: 0.53%
• 1M: -0.38%
• YTD: -6.68%
• 6M: -5.49%
• 1Y: -11.37%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DWSH vs. YQQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DWSH AdvisorShares Dorsey Wright Short ETF	0.50%	-2.57%	-0.65%
YQQQ YieldMax Short N100 Option Income Strategy ETF	-6.68%	-9.97%	-5.17%

Correlation

The correlation between DWSH and YQQQ is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (All Time) Calculated using the full available price history since Aug 15, 2024	0.36

Return for Risk

DWSH vs. YQQQ — 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

YQQQ

YQQQ Risk / Return Rank: 3
YQQQ Sharpe Ratio Rank: 3
YQQQ Sortino Ratio Rank: 3
YQQQ Omega Ratio Rank: 3
YQQQ Calmar Ratio Rank: 5
YQQQ Martin Ratio Rank: 3

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. YQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Dorsey Wright Short ETF (DWSH) and YieldMax Short N100 Option Income Strategy ETF (YQQQ). 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	YQQQ	Difference
Sharpe ratio: Return per unit of total volatility	-0.38	-0.84	+0.46
Sortino ratio: Return per unit of downside risk	-0.38	-1.10	+0.72
Omega ratio: Gain probability vs. loss probability	0.95	0.87	+0.08
Calmar ratio: Return relative to maximum drawdown	-0.52	-0.52	0.00
Martin ratio: Return relative to average drawdown	-0.86	-1.30	+0.44

DWSH vs. YQQQ - Sharpe Ratio Comparison

The current DWSH Sharpe Ratio is -0.38, which is higher than the YQQQ Sharpe Ratio of -0.84. The chart below compares the historical Sharpe Ratios of DWSH and YQQQ, 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. YQQQ - Drawdown Comparison

The maximum DWSH drawdown since its inception was -82.73%, which is greater than YQQQ's maximum drawdown of -29.10%. Use the drawdown chart below to compare losses from any high point for DWSH and YQQQ.

Drawdown Indicators

	DWSH	YQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-82.73%	-29.10%	-53.63%
Max Drawdown (1Y) Largest decline over 1 year	-15.13%	-21.80%	+6.67%
Max Drawdown (3Y) Largest decline over 3 years	-29.23%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-32.87%	—	—
Current Drawdown Current decline from peak	-81.32%	-26.38%	-54.94%
Average Drawdown Average peak-to-trough decline	-63.70%	-14.60%	-49.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.10%	8.83%	+0.27%

Volatility

DWSH vs. YQQQ - Volatility Comparison

AdvisorShares Dorsey Wright Short ETF (DWSH) has a higher volatility of 6.86% compared to YieldMax Short N100 Option Income Strategy ETF (YQQQ) at 6.14%. This indicates that DWSH's price experiences larger fluctuations and is considered to be riskier than YQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DWSH	YQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.86%	6.14%	+0.72%
Volatility (6M) Calculated over the trailing 6-month period	14.48%	11.17%	+3.31%
Volatility (1Y) Calculated over the trailing 1-year period	21.03%	13.62%	+7.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.01%	16.58%	+9.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.15%	16.58%	+14.57%

DWSH vs. YQQQ - Expense Ratio Comparison

DWSH has a 3.67% expense ratio, which is higher than YQQQ's 0.99% expense ratio.

Dividends

DWSH vs. YQQQ - Dividend Comparison

DWSH's dividend yield for the trailing twelve months is around 6.28%, less than YQQQ's 29.95% yield.

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%
YQQQ YieldMax Short N100 Option Income Strategy ETF	29.95%	31.71%	7.88%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DWSH and YQQQ in my portfolio?

DWSH and YQQQ have a correlation of 0.27, 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 YQQQ?

DWSH has higher volatility (6.86%) compared to YQQQ (6.14%). In terms of maximum drawdown, DWSH dropped -82.73% vs YQQQ's -29.10%.

Which ETF is better, DWSH or YQQQ?

On 1-year performance, DWSH leads with -7.85% vs -11.37% for YQQQ. On fees, YQQQ is cheaper at 0.99% per year. On volatility, YQQQ has been the lower-risk option at 6.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DWSH or YQQQ?

Over the 1-year period, DWSH has performed better with a -7.85% return vs -11.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DWSH or YQQQ?

YQQQ is cheaper with a 0.99% expense ratio, compared with 3.67% for DWSH.

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

YQQQ has the higher dividend yield at 29.95%, compared with 6.28% for DWSH.

What is the main difference between DWSH and YQQQ?

DWSH is categorized as Inverse Equities, while YQQQ is Derivative Income. They also come from different issuers: AdvisorShares and YieldMax. Their fees differ too: 3.67% for DWSH and 0.99% for YQQQ.

Which has better risk-adjusted returns?

DWSH currently has the higher Sharpe Ratio (-0.38 vs -0.84), 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.