EMTY vs. DWSH
EMTY (ProShares Decline of the Retail Store ETF) and DWSH (AdvisorShares Dorsey Wright Short ETF) are both Inverse Equities funds. EMTY is passively managed, while DWSH is actively managed. Over the past 5 years, EMTY returned -2.87%/yr vs -1.61%/yr for DWSH. A 0.72 correlation means they provide meaningful diversification when combined. EMTY charges 0.66%/yr vs 3.67%/yr for DWSH.
Performance
EMTY vs. DWSH - Performance Comparison
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Returns By Period
In the year-to-date period, EMTY achieves a 1.09% return, which is significantly higher than DWSH's 0.85% return.
EMTY
- 1D
- -0.32%
- 1M
- 1.81%
- YTD
- 1.09%
- 6M
- 3.80%
- 1Y
- 1.60%
- 3Y*
- -4.69%
- 5Y*
- -2.87%
- 10Y*
- —
DWSH
- 1D
- 2.36%
- 1M
- 0.62%
- YTD
- 0.85%
- 6M
- 1.07%
- 1Y
- -10.40%
- 3Y*
- -4.14%
- 5Y*
- -1.61%
- 10Y*
- —
EMTY vs. DWSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EMTY ProShares Decline of the Retail Store ETF | 1.09% | -1.76% | -4.13% | 0.27% | 4.32% | -37.39% | -31.92% | -8.65% | 16.13% |
DWSH AdvisorShares Dorsey Wright Short ETF | 0.85% | -2.57% | 5.98% | -22.04% | 17.45% | -25.74% | -49.95% | -25.27% | 22.28% |
Correlation
The correlation between EMTY and DWSH is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2018 | 0.72 |
The correlation between EMTY and DWSH shifts across timeframes, from 0.59 (1 year) to 0.72 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EMTY vs. DWSH — Risk / Return Rank
EMTY
DWSH
EMTY vs. DWSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Decline of the Retail Store ETF (EMTY) and AdvisorShares Dorsey Wright Short ETF (DWSH). 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.
| EMTY | DWSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 0.93 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.11 | -0.58 | +0.69 |
| Martin ratioReturn relative to average drawdown | 0.20 | -0.88 | +1.08 |
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
| EMTY | DWSH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.09 | -0.50 | +0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.13 | -0.06 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.43 | -0.43 | 0.00 |
Drawdowns
EMTY vs. DWSH - Drawdown Comparison
The maximum EMTY drawdown since its inception was -77.62%, smaller than the maximum DWSH drawdown of -82.73%. Use the drawdown chart below to compare losses from any high point for EMTY and DWSH.
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Drawdown Indicators
| EMTY | DWSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.62% | -82.73% | +5.11% |
Max Drawdown (1Y)Largest decline over 1 year | -14.00% | -18.08% | +4.08% |
Max Drawdown (3Y)Largest decline over 3 years | -30.83% | -29.23% | -1.60% |
Max Drawdown (5Y)Largest decline over 5 years | -30.83% | -32.87% | +2.04% |
Current DrawdownCurrent decline from peak | -74.77% | -81.25% | +6.48% |
Average DrawdownAverage peak-to-trough decline | -54.01% | -63.61% | +9.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.11% | 11.82% | -3.71% |
Volatility
EMTY vs. DWSH - Volatility Comparison
ProShares Decline of the Retail Store ETF (EMTY) and AdvisorShares Dorsey Wright Short ETF (DWSH) have volatilities of 6.00% and 6.08%, 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.
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Volatility by Period
| EMTY | DWSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.00% | 6.08% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 12.40% | 13.93% | -1.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.71% | 21.19% | -3.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.36% | 25.93% | -3.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.67% | 31.22% | -5.55% |
EMTY vs. DWSH - Expense Ratio Comparison
EMTY has a 0.66% expense ratio, which is lower than DWSH's 3.67% expense ratio.
Dividends
EMTY vs. DWSH - Dividend Comparison
EMTY's dividend yield for the trailing twelve months is around 3.45%, less than DWSH's 6.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DWSH AdvisorShares Dorsey Wright Short ETF | 6.26% | 6.31% | 6.17% | 10.28% | 0.00% | 0.00% | 0.00% | 0.14% | 0.12% | 0.00% |
EMTY ProShares Decline of the Retail Store ETF | 3.45% | 3.83% | 6.00% | 4.41% | 0.65% | 0.00% | 0.07% | 0.82% | 0.62% | 0.03% |
Frequently Asked Questions
EMTY and DWSH have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DWSH has higher volatility (6.08%) compared to EMTY (6.00%). In terms of maximum drawdown, EMTY dropped -77.62% vs DWSH's -82.73%.
On 5-year performance, DWSH leads with -1.61% vs -2.87% for EMTY. On fees, EMTY is cheaper at 0.66% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DWSH has performed better with a -1.61% return vs -2.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EMTY is cheaper with a 0.66% expense ratio, compared with 3.67% for DWSH.
DWSH has the higher dividend yield at 6.26%, compared with 3.45% for EMTY.
They also come from different issuers: ProShares and AdvisorShares. Their fees differ too: 0.66% for EMTY and 3.67% for DWSH.
EMTY currently has the higher Sharpe Ratio (0.09 vs -0.50), 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.
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