DWSH vs. YQQQ

Last updated Apr 2, 2026

Compare and contrast key facts about AdvisorShares Dorsey Wright Short ETF (DWSH) and YieldMax Short N100 Option Income Strategy ETF (YQQQ).

DWSH and YQQQ 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. YQQQ is an actively managed fund by YieldMax. It was launched on Aug 14, 2024.

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.

DWSH vs. YQQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DWSH AdvisorShares Dorsey Wright Short ETF	2.10%	-2.57%	1.51%
YQQQ YieldMax Short N100 Option Income Strategy ETF	10.57%	-9.97%	-4.06%

Returns By Period

In the year-to-date period, DWSH achieves a 2.10% return, which is significantly lower than YQQQ's 10.57% return.

DWSH

• 1D: 0.31%
• 1M: 5.78%
• YTD: 2.10%
• 6M: 3.06%
• 1Y: -6.76%
• 3Y*: -3.33%
• 5Y*: -2.29%
• 10Y*: —

YQQQ

• 1D: -1.10%
• 1M: 5.50%
• YTD: 10.57%
• 6M: 12.35%
• 1Y: -7.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DWSH vs. YQQQ - Expense Ratio Comparison

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

DWSH

AdvisorShares Dorsey Wright Short ETF

YQQQ

YieldMax Short N100 Option Income Strategy ETF

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: 8
DWSH Sharpe Ratio Rank: 7
DWSH Sortino Ratio Rank: 8
DWSH Omega Ratio Rank: 8
DWSH Calmar Ratio Rank: 8
DWSH Martin Ratio Rank: 10

YQQQ

YQQQ Risk / Return Rank: 6
YQQQ Sharpe Ratio Rank: 5
YQQQ Sortino Ratio Rank: 5
YQQQ Omega Ratio Rank: 4
YQQQ Calmar Ratio Rank: 7
YQQQ Martin Ratio Rank: 9

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.

	DWSH	YQQQ	Difference
Sharpe ratio Return per unit of total volatility	-0.24	-0.42	+0.17
Sortino ratio Return per unit of downside risk	-0.15	-0.44	+0.29
Omega ratio Gain probability vs. loss probability	0.98	0.93	+0.04
Calmar ratio Return relative to maximum drawdown	-0.24	-0.31	+0.07
Martin ratio Return relative to average drawdown	-0.32	-0.41	+0.09
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. YQQQ - Sharpe Ratio Comparison

The current DWSH Sharpe Ratio is -0.24, which is higher than the YQQQ Sharpe Ratio of -0.42. The chart below compares the historical Sharpe Ratios of DWSH and YQQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DWSH	YQQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.24	-0.42	+0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.09	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.43	-0.17	-0.26

Correlation

The correlation between DWSH and YQQQ is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

DWSH vs. YQQQ - Dividend Comparison

DWSH's dividend yield for the trailing twelve months is around 6.18%, less than YQQQ's 27.65% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DWSH AdvisorShares Dorsey Wright Short ETF	6.18%	6.31%	6.17%	10.28%	0.00%	0.00%	0.00%	0.14%	0.12%
YQQQ YieldMax Short N100 Option Income Strategy ETF	27.65%	31.71%	7.88%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

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 -24.85%. 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%	-24.85%	-57.88%
Max Drawdown (1Y) Largest decline over 1 year	-29.23%	-24.85%	-4.38%
Max Drawdown (5Y) Largest decline over 5 years	-32.87%	—	—
Current Drawdown Current decline from peak	-81.02%	-12.77%	-68.25%
Average Drawdown Average peak-to-trough decline	-63.21%	-13.36%	-49.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.82%	18.68%	+3.14%

Volatility

DWSH vs. YQQQ - Volatility Comparison

AdvisorShares Dorsey Wright Short ETF (DWSH) and YieldMax Short N100 Option Income Strategy ETF (YQQQ) have volatilities of 5.19% and 5.37%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. 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	5.19%	5.37%	-0.18%
Volatility (6M) Calculated over the trailing 6-month period	13.92%	9.43%	+4.49%
Volatility (1Y) Calculated over the trailing 1-year period	27.77%	17.32%	+10.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.72%	16.38%	+9.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.42%	16.38%	+15.04%