DWUS vs. SPY
Compare and contrast key facts about AdvisorShares Dorsey Wright FSM US Core ETF (DWUS) and State Street SPDR S&P 500 ETF (SPY).
DWUS and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
DWUS vs. SPY - Performance Comparison
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DWUS vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DWUS AdvisorShares Dorsey Wright FSM US Core ETF | -6.08% | 12.75% | 20.26% | 20.62% | -17.89% | 20.21% | 35.99% | -0.10% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | -0.31% |
Returns By Period
In the year-to-date period, DWUS achieves a -6.08% return, which is significantly lower than SPY's -4.37% return.
DWUS
- 1D
- 3.11%
- 1M
- -6.05%
- YTD
- -6.08%
- 6M
- -6.24%
- 1Y
- 9.52%
- 3Y*
- 15.08%
- 5Y*
- 8.15%
- 10Y*
- —
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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DWUS vs. SPY - Expense Ratio Comparison
DWUS has a 1.17% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
DWUS vs. SPY — Risk / Return Rank
DWUS
SPY
DWUS vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Dorsey Wright FSM US Core ETF (DWUS) and State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.47 | 0.93 | -0.46 |
Sortino ratioReturn per unit of downside risk | 0.79 | 1.45 | -0.66 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.22 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.83 | 1.53 | -0.69 |
Martin ratioReturn relative to average drawdown | 2.95 | 7.30 | -4.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DWUS | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.47 | 0.93 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.69 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.56 | 0.00 |
Correlation
The correlation between DWUS and SPY is 0.86, 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. SPY - Dividend Comparison
DWUS's dividend yield for the trailing twelve months is around 0.03%, less than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DWUS AdvisorShares Dorsey Wright FSM US Core ETF | 0.03% | 0.03% | 0.18% | 0.29% | 0.89% | 0.35% | 0.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
DWUS vs. SPY - Drawdown Comparison
The maximum DWUS drawdown since its inception was -30.47%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for DWUS and SPY.
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Drawdown Indicators
| DWUS | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.47% | -55.19% | +24.72% |
Max Drawdown (1Y)Largest decline over 1 year | -11.98% | -12.05% | +0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -26.45% | -24.50% | -1.95% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -9.24% | -6.24% | -3.00% |
Average DrawdownAverage peak-to-trough decline | -7.00% | -9.09% | +2.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.37% | 2.52% | +0.85% |
Volatility
DWUS vs. SPY - Volatility Comparison
AdvisorShares Dorsey Wright FSM US Core ETF (DWUS) has a higher volatility of 6.03% compared to State Street SPDR S&P 500 ETF (SPY) at 5.31%. This indicates that DWUS's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DWUS | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.03% | 5.31% | +0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 12.72% | 9.47% | +3.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.29% | 19.05% | +1.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.80% | 17.06% | +1.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.02% | 17.92% | +4.10% |