DWUS vs. QVOY

Last updated Jun 4, 2026

DWUS (AdvisorShares Dorsey Wright FSM US Core ETF) and QVOY (Q3 All-Season Active Rotation ETF) are both Diversified Portfolio funds. Both are actively managed. Over the past 3 years, DWUS returned 21.40%/yr vs 15.66%/yr for QVOY. A 0.76 correlation means they provide meaningful diversification when combined. DWUS charges 1.17%/yr vs 1.30%/yr for QVOY.

Performance

DWUS vs. QVOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AdvisorShares Dorsey Wright FSM US Core ETF (DWUS) and Q3 All-Season Active Rotation ETF (QVOY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DWUS achieves a 15.72% return, which is significantly lower than QVOY's 17.87% return.

DWUS

• 1D: 0.53%
• 1M: 10.17%
• YTD: 15.72%
• 6M: 15.19%
• 1Y: 24.82%
• 3Y*: 21.40%
• 5Y*: 12.00%
• 10Y*: —

QVOY

• 1D: -0.40%
• 1M: 7.72%
• YTD: 17.87%
• 6M: 19.53%
• 1Y: 36.83%
• 3Y*: 15.66%
• 5Y*: —
• 10Y*: —

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

DWUS vs. QVOY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DWUS AdvisorShares Dorsey Wright FSM US Core ETF	15.72%	12.75%	20.26%	20.62%	-1.39%
QVOY Q3 All-Season Active Rotation ETF	17.87%	16.45%	1.55%	17.19%	-0.53%

Correlation

The correlation between DWUS and QVOY is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (All Time) Calculated using the full available price history since Dec 8, 2022	0.76

The correlation between DWUS and QVOY has been stable across timeframes, ranging from 0.67 to 0.76 - a consistent structural relationship.

DWUS vs. QVOY - Sectors Allocation Comparison

Sectors	DWUS	QVOY
Technology	45.9%	15.3%
Communication Services	13.4%	3.1%
Consumer Cyclical	10.8%	6.5%
Healthcare	6.4%	5.8%
Consumer Defensive	6.3%	3.6%
Financial Services	5.8%	11.4%
Industrials	5.3%	9.9%
Energy	2.3%	19.3%
Utilities	1.6%	18.7%
Basic Materials	1.4%	3.0%
Real Estate	0.9%	3.5%

Return for Risk

DWUS vs. QVOY — Risk / Return Rank

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

DWUS

DWUS Risk / Return Rank: 45
DWUS Sharpe Ratio Rank: 46
DWUS Sortino Ratio Rank: 45
DWUS Omega Ratio Rank: 45
DWUS Calmar Ratio Rank: 42
DWUS Martin Ratio Rank: 47

QVOY

QVOY Risk / Return Rank: 70
QVOY Sharpe Ratio Rank: 72
QVOY Sortino Ratio Rank: 63
QVOY Omega Ratio Rank: 71
QVOY Calmar Ratio Rank: 78
QVOY Martin Ratio Rank: 67

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. QVOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Dorsey Wright FSM US Core ETF (DWUS) and Q3 All-Season Active Rotation ETF (QVOY). 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	QVOY	Difference
Sharpe ratio: Return per unit of total volatility	1.61	2.33	-0.71
Sortino ratio: Return per unit of downside risk	2.23	2.90	-0.68
Omega ratio: Gain probability vs. loss probability	1.28	1.42	-0.14
Calmar ratio: Return relative to maximum drawdown	2.08	3.94	-1.86
Martin ratio: Return relative to average drawdown	7.89	12.07	-4.18
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. QVOY - Sharpe Ratio Comparison

The current DWUS Sharpe Ratio is 1.61, which is lower than the QVOY Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of DWUS and QVOY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DWUS	QVOY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.61	2.33	-0.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	1.01	-0.29

Drawdowns

DWUS vs. QVOY - Drawdown Comparison

The maximum DWUS drawdown since its inception was -30.47%, which is greater than QVOY's maximum drawdown of -17.05%. Use the drawdown chart below to compare losses from any high point for DWUS and QVOY.

Drawdown Indicators

	DWUS	QVOY	Difference
Max Drawdown Largest peak-to-trough decline	-30.47%	-17.05%	-13.42%
Max Drawdown (1Y) Largest decline over 1 year	-11.98%	-9.39%	-2.59%
Max Drawdown (3Y) Largest decline over 3 years	-19.63%	-17.05%	-2.58%
Max Drawdown (5Y) Largest decline over 5 years	-26.45%	—	—
Current Drawdown Current decline from peak	0.00%	-0.40%	+0.40%
Average Drawdown Average peak-to-trough decline	-6.86%	-3.74%	-3.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.16%	3.06%	+0.10%

Volatility

DWUS vs. QVOY - Volatility Comparison

AdvisorShares Dorsey Wright FSM US Core ETF (DWUS) has a higher volatility of 4.85% compared to Q3 All-Season Active Rotation ETF (QVOY) at 4.58%. This indicates that DWUS's price experiences larger fluctuations and is considered to be riskier than QVOY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DWUS	QVOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.85%	4.58%	+0.27%
Volatility (6M) Calculated over the trailing 6-month period	12.46%	12.58%	-0.12%
Volatility (1Y) Calculated over the trailing 1-year period	15.46%	15.90%	-0.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.82%	14.93%	+3.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.88%	14.93%	+6.95%

DWUS vs. QVOY - Expense Ratio Comparison

DWUS has a 1.17% expense ratio, which is lower than QVOY's 1.30% expense ratio.

Dividends

DWUS vs. QVOY - Dividend Comparison

DWUS's dividend yield for the trailing twelve months is around 0.03%, less than QVOY's 7.89% yield.

Position	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%
QVOY Q3 All-Season Active Rotation ETF	7.89%	9.30%	10.88%	6.03%	0.46%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DWUS and QVOY in my portfolio?

DWUS and QVOY have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DWUS or QVOY?

DWUS has higher volatility (4.85%) compared to QVOY (4.58%). In terms of maximum drawdown, DWUS dropped -30.47% vs QVOY's -17.05%.

Which ETF is better, DWUS or QVOY?

On 3-year performance, DWUS leads with 21.40% vs 15.66% for QVOY. On fees, DWUS is cheaper at 1.17% per year. On volatility, QVOY has been the lower-risk option at 4.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DWUS or QVOY?

Over the 3-year period, DWUS has performed better with a 21.40% return vs 15.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DWUS or QVOY?

DWUS is cheaper with a 1.17% expense ratio, compared with 1.30% for QVOY.

Which ETF pays a higher dividend yield, DWUS or QVOY?

QVOY has the higher dividend yield at 7.89%, compared with 0.03% for DWUS.

What is the main difference between DWUS and QVOY?

They also come from different issuers: AdvisorShares and Q3. Their fees differ too: 1.17% for DWUS and 1.30% for QVOY.

Which has better risk-adjusted returns?

QVOY currently has the higher Sharpe Ratio (2.33 vs 1.61), 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.