SEF vs. DWSH
Compare and contrast key facts about ProShares Short Financials (SEF) and AdvisorShares Dorsey Wright Short ETF (DWSH).
SEF and DWSH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SEF is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Financials Index (-100%). It was launched on Jun 12, 2008. DWSH is an actively managed fund by AdvisorShares. It was launched on Jul 10, 2018.
Performance
SEF vs. DWSH - Performance Comparison
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SEF vs. DWSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SEF ProShares Short Financials | 11.27% | -9.82% | -17.81% | -8.81% | 11.85% | -27.02% | -16.93% | -23.51% | 11.74% |
DWSH AdvisorShares Dorsey Wright Short ETF | 1.79% | -2.57% | 5.98% | -22.04% | 17.45% | -25.74% | -49.95% | -25.27% | 22.28% |
Returns By Period
In the year-to-date period, SEF achieves a 11.27% return, which is significantly higher than DWSH's 1.79% return.
SEF
- 1D
- -2.13%
- 1M
- 3.96%
- YTD
- 11.27%
- 6M
- 10.38%
- 1Y
- 2.76%
- 3Y*
- -10.01%
- 5Y*
- -6.70%
- 10Y*
- -11.67%
DWSH
- 1D
- -1.75%
- 1M
- 6.00%
- YTD
- 1.79%
- 6M
- 1.48%
- 1Y
- -7.29%
- 3Y*
- -3.43%
- 5Y*
- -2.35%
- 10Y*
- —
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SEF vs. DWSH - Expense Ratio Comparison
SEF has a 0.95% expense ratio, which is lower than DWSH's 3.67% expense ratio.
Return for Risk
SEF vs. DWSH — Risk / Return Rank
SEF
DWSH
SEF vs. DWSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short Financials (SEF) 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.
| SEF | DWSH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.14 | -0.26 | +0.41 |
Sortino ratioReturn per unit of downside risk | 0.36 | -0.18 | +0.54 |
Omega ratioGain probability vs. loss probability | 1.05 | 0.98 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.08 | -0.22 | +0.30 |
Martin ratioReturn relative to average drawdown | 0.11 | -0.30 | +0.41 |
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
| SEF | DWSH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | -0.26 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.37 | -0.09 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.57 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.49 | -0.43 | -0.06 |
Correlation
The correlation between SEF and DWSH is 0.72, 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
SEF vs. DWSH - Dividend Comparison
SEF's dividend yield for the trailing twelve months is around 3.27%, less than DWSH's 6.20% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SEF ProShares Short Financials | 3.27% | 4.33% | 5.72% | 4.43% | 0.39% | 0.00% | 0.12% | 1.25% | 0.41% |
DWSH AdvisorShares Dorsey Wright Short ETF | 6.20% | 6.31% | 6.17% | 10.28% | 0.00% | 0.00% | 0.00% | 0.14% | 0.12% |
Drawdowns
SEF vs. DWSH - Drawdown Comparison
The maximum SEF drawdown since its inception was -96.51%, which is greater than DWSH's maximum drawdown of -82.73%. Use the drawdown chart below to compare losses from any high point for SEF and DWSH.
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Drawdown Indicators
| SEF | DWSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.51% | -82.73% | -13.78% |
Max Drawdown (1Y)Largest decline over 1 year | -20.21% | -29.23% | +9.02% |
Max Drawdown (5Y)Largest decline over 5 years | -41.62% | -32.87% | -8.75% |
Max Drawdown (10Y)Largest decline over 10 years | -75.66% | — | — |
Current DrawdownCurrent decline from peak | -96.00% | -81.08% | -14.92% |
Average DrawdownAverage peak-to-trough decline | -82.58% | -63.20% | -19.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.44% | 21.78% | -7.34% |
Volatility
SEF vs. DWSH - Volatility Comparison
The current volatility for ProShares Short Financials (SEF) is 4.86%, while AdvisorShares Dorsey Wright Short ETF (DWSH) has a volatility of 5.21%. This indicates that SEF experiences smaller price fluctuations and is considered to be less risky than DWSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SEF | DWSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.86% | 5.21% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 11.37% | 13.92% | -2.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.28% | 27.78% | -8.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.99% | 25.73% | -7.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.55% | 31.43% | -10.88% |