DWUS vs. MKAM

Last updated Apr 2, 2026

Compare and contrast key facts about AdvisorShares Dorsey Wright FSM US Core ETF (DWUS) and MKAM ETF (MKAM).

DWUS and MKAM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DWUS is an actively managed fund by AdvisorShares. It was launched on Dec 26, 2019. MKAM is an actively managed fund by MKAM. It was launched on Apr 11, 2023.

Performance

DWUS vs. MKAM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AdvisorShares Dorsey Wright FSM US Core ETF (DWUS) and MKAM ETF (MKAM). The values are adjusted to include any dividend payments, if applicable.

DWUS vs. MKAM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DWUS AdvisorShares Dorsey Wright FSM US Core ETF	-5.24%	12.75%	20.26%	20.18%
MKAM MKAM ETF	-1.48%	8.07%	12.15%	8.23%

Returns By Period

In the year-to-date period, DWUS achieves a -5.24% return, which is significantly lower than MKAM's -1.48% return.

DWUS

• 1D: 0.89%
• 1M: -5.46%
• YTD: -5.24%
• 6M: -5.54%
• 1Y: 9.65%
• 3Y*: 15.43%
• 5Y*: 8.34%
• 10Y*: —

MKAM

• 1D: 0.94%
• 1M: -1.85%
• YTD: -1.48%
• 6M: 0.34%
• 1Y: 7.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DWUS vs. MKAM - Expense Ratio Comparison

DWUS has a 1.17% expense ratio, which is higher than MKAM's 0.96% expense ratio.

DWUS

AdvisorShares Dorsey Wright FSM US Core ETF

MKAM

MKAM ETF

Return for Risk

DWUS vs. MKAM — Risk / Return Rank

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

DWUS

DWUS Risk / Return Rank: 28
DWUS Sharpe Ratio Rank: 25
DWUS Sortino Ratio Rank: 25
DWUS Omega Ratio Rank: 26
DWUS Calmar Ratio Rank: 33
DWUS Martin Ratio Rank: 33

MKAM

MKAM Risk / Return Rank: 68
MKAM Sharpe Ratio Rank: 69
MKAM Sortino Ratio Rank: 66
MKAM Omega Ratio Rank: 62
MKAM Calmar Ratio Rank: 75
MKAM Martin Ratio Rank: 68

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.

DWUS vs. MKAM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Dorsey Wright FSM US Core ETF (DWUS) and MKAM ETF (MKAM). 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.

	DWUS	MKAM	Difference
Sharpe ratio Return per unit of total volatility	0.48	1.23	-0.75
Sortino ratio Return per unit of downside risk	0.80	1.71	-0.90
Omega ratio Gain probability vs. loss probability	1.11	1.24	-0.12
Calmar ratio Return relative to maximum drawdown	0.88	2.02	-1.14
Martin ratio Return relative to average drawdown	3.07	7.08	-4.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DWUS vs. MKAM - Sharpe Ratio Comparison

The current DWUS Sharpe Ratio is 0.48, which is lower than the MKAM Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of DWUS and MKAM, 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

	DWUS	MKAM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.48	1.23	-0.75
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.45	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	1.45	-0.88

Correlation

The correlation between DWUS and MKAM is 0.88, 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.

Dividends

DWUS vs. MKAM - Dividend Comparison

DWUS's dividend yield for the trailing twelve months is around 0.03%, less than MKAM's 3.10% yield.

	TTM	2025	2024	2023	2022	2021	2020
DWUS AdvisorShares Dorsey Wright FSM US Core ETF	0.03%	0.03%	0.18%	0.29%	0.89%	0.35%	0.08%
MKAM MKAM ETF	3.10%	2.56%	1.88%	1.70%	0.00%	0.00%	0.00%

Drawdowns

DWUS vs. MKAM - Drawdown Comparison

The maximum DWUS drawdown since its inception was -30.47%, which is greater than MKAM's maximum drawdown of -5.01%. Use the drawdown chart below to compare losses from any high point for DWUS and MKAM.

Drawdown Indicators

	DWUS	MKAM	Difference
Max Drawdown Largest peak-to-trough decline	-30.47%	-5.01%	-25.46%
Max Drawdown (1Y) Largest decline over 1 year	-11.98%	-3.72%	-8.26%
Max Drawdown (5Y) Largest decline over 5 years	-26.45%	—	—
Current Drawdown Current decline from peak	-8.43%	-2.82%	-5.61%
Average Drawdown Average peak-to-trough decline	-7.00%	-1.17%	-5.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.42%	1.06%	+2.36%

Volatility

DWUS vs. MKAM - Volatility Comparison

AdvisorShares Dorsey Wright FSM US Core ETF (DWUS) has a higher volatility of 5.90% compared to MKAM ETF (MKAM) at 1.96%. This indicates that DWUS's price experiences larger fluctuations and is considered to be riskier than MKAM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DWUS	MKAM	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.90%	1.96%	+3.94%
Volatility (6M) Calculated over the trailing 6-month period	12.75%	5.05%	+7.70%
Volatility (1Y) Calculated over the trailing 1-year period	20.30%	6.06%	+14.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.79%	6.28%	+12.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.01%	6.28%	+15.73%