YOLO vs. DWSH

Last updated Jun 4, 2026

YOLO (AdvisorShares Pure Cannabis ETF) and DWSH (AdvisorShares Dorsey Wright Short ETF) are both exchange-traded funds - YOLO is a Cannabis fund actively managed by AdvisorShares, while DWSH is a Inverse Equities fund actively managed by AdvisorShares. Both are actively managed. Over the past 5 years, YOLO returned -31.60%/yr vs -1.61%/yr for DWSH. At a correlation of -0.45, they often move in opposite directions. YOLO charges 0.75%/yr vs 3.67%/yr for DWSH.

Performance

YOLO vs. DWSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AdvisorShares Pure Cannabis ETF (YOLO) and AdvisorShares Dorsey Wright Short ETF (DWSH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, YOLO achieves a -11.82% return, which is significantly lower than DWSH's 0.85% return.

YOLO

• 1D: -5.83%
• 1M: -4.95%
• YTD: -11.82%
• 6M: 0.34%
• 1Y: 48.47%
• 3Y*: 5.27%
• 5Y*: -31.60%
• 10Y*: —

DWSH

• 1D: 2.36%
• 1M: 0.62%
• YTD: 0.85%
• 6M: 1.07%
• 1Y: -10.40%
• 3Y*: -4.14%
• 5Y*: -1.61%
• 10Y*: —

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

YOLO vs. DWSH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
YOLO AdvisorShares Pure Cannabis ETF	-11.82%	36.36%	-17.81%	-15.10%	-72.21%	-20.48%	47.17%	-50.02%
DWSH AdvisorShares Dorsey Wright Short ETF	0.85%	-2.57%	5.98%	-22.04%	17.45%	-25.74%	-49.95%	-1.32%

Correlation

The correlation between YOLO and DWSH is -0.33, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.33
Correlation (3Y) Calculated over the trailing 3-year period	-0.34
Correlation (5Y) Calculated over the trailing 5-year period	-0.45
Correlation (All Time) Calculated using the full available price history since Apr 22, 2019	-0.45

The correlation between YOLO and DWSH shifts across timeframes, from -0.45 (5 years) to -0.33 (1 year), reflecting how their relationship changes across market environments.

YOLO vs. DWSH - Sectors Allocation Comparison

Sectors	YOLO	DWSH
Financial Services	61.5%	-8.9%
Healthcare	24.3%	-12.0%
Consumer Defensive	13.4%	-7.7%
Consumer Cyclical	0.9%	-12.6%
Real Estate	0.7%	-5.9%
Basic Materials	-	-0.8%
Communication Services	-	-4.5%
Energy	-	-1.1%
Industrials	-	-13.5%
Technology	-	-25.6%
Utilities	-	-

Return for Risk

YOLO vs. DWSH — Risk / Return Rank

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

YOLO

YOLO Risk / Return Rank: 24
YOLO Sharpe Ratio Rank: 19
YOLO Sortino Ratio Rank: 29
YOLO Omega Ratio Rank: 28
YOLO Calmar Ratio Rank: 25
YOLO Martin Ratio Rank: 20

DWSH

DWSH Risk / Return Rank: 4
DWSH Sharpe Ratio Rank: 4
DWSH Sortino Ratio Rank: 5
DWSH Omega Ratio Rank: 4
DWSH Calmar Ratio Rank: 4
DWSH Martin Ratio Rank: 5

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.

YOLO vs. DWSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Pure Cannabis ETF (YOLO) 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.

	YOLO	DWSH	Difference
Sharpe ratio: Return per unit of total volatility	0.65	-0.50	+1.15
Sortino ratio: Return per unit of downside risk	1.60	-0.55	+2.15
Omega ratio: Gain probability vs. loss probability	1.19	0.93	+0.26
Calmar ratio: Return relative to maximum drawdown	1.19	-0.58	+1.76
Martin ratio: Return relative to average drawdown	2.23	-0.88	+3.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

YOLO vs. DWSH - Sharpe Ratio Comparison

The current YOLO Sharpe Ratio is 0.65, which is higher than the DWSH Sharpe Ratio of -0.50. The chart below compares the historical Sharpe Ratios of YOLO and DWSH, 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

	YOLO	DWSH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.65	-0.50	+1.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.59	-0.06	-0.53
Sharpe Ratio (All Time) Calculated using the full available price history	-0.48	-0.43	-0.05

Drawdowns

YOLO vs. DWSH - Drawdown Comparison

The maximum YOLO drawdown since its inception was -94.68%, which is greater than DWSH's maximum drawdown of -82.73%. Use the drawdown chart below to compare losses from any high point for YOLO and DWSH.

Drawdown Indicators

	YOLO	DWSH	Difference
Max Drawdown Largest peak-to-trough decline	-94.68%	-82.73%	-11.95%
Max Drawdown (1Y) Largest decline over 1 year	-41.09%	-18.08%	-23.01%
Max Drawdown (3Y) Largest decline over 3 years	-66.45%	-29.23%	-37.22%
Max Drawdown (5Y) Largest decline over 5 years	-92.47%	-32.87%	-59.60%
Current Drawdown Current decline from peak	-89.68%	-81.25%	-8.43%
Average Drawdown Average peak-to-trough decline	-68.94%	-63.61%	-5.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.83%	11.82%	+10.01%

Volatility

YOLO vs. DWSH - Volatility Comparison

AdvisorShares Pure Cannabis ETF (YOLO) has a higher volatility of 12.79% compared to AdvisorShares Dorsey Wright Short ETF (DWSH) at 6.08%. This indicates that YOLO's price experiences larger fluctuations and is considered to be riskier than DWSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YOLO	DWSH	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.79%	6.08%	+6.71%
Volatility (6M) Calculated over the trailing 6-month period	52.52%	13.93%	+38.59%
Volatility (1Y) Calculated over the trailing 1-year period	74.56%	21.19%	+53.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.64%	25.93%	+27.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.36%	31.22%	+20.14%

YOLO vs. DWSH - Expense Ratio Comparison

YOLO has a 0.75% expense ratio, which is lower than DWSH's 3.67% expense ratio.

Dividends

YOLO vs. DWSH - Dividend Comparison

YOLO has not paid dividends to shareholders, while DWSH's dividend yield for the trailing twelve months is around 6.26%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DWSH AdvisorShares Dorsey Wright Short ETF	6.26%	6.31%	6.17%	10.28%	0.00%	0.00%	0.00%	0.14%	0.12%
YOLO AdvisorShares Pure Cannabis ETF	0.00%	0.00%	3.57%	1.17%	0.55%	3.93%	2.03%	4.52%	0.00%

Frequently Asked Questions

Can I hold both YOLO and DWSH in my portfolio?

YOLO and DWSH have a correlation of -0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YOLO or DWSH?

YOLO has higher volatility (12.79%) compared to DWSH (6.08%). In terms of maximum drawdown, YOLO dropped -94.68% vs DWSH's -82.73%.

Which ETF is better, YOLO or DWSH?

On 5-year performance, DWSH leads with -1.61% vs -31.60% for YOLO. On fees, YOLO is cheaper at 0.75% per year. On volatility, DWSH has been the lower-risk option at 6.08%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YOLO or DWSH?

Over the 5-year period, DWSH has performed better with a -1.61% return vs -31.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YOLO or DWSH?

YOLO is cheaper with a 0.75% expense ratio, compared with 3.67% for DWSH.

Which ETF pays a higher dividend yield, YOLO or DWSH?

DWSH has the higher dividend yield at 6.26%, compared with 0.00% for YOLO.

What is the main difference between YOLO and DWSH?

YOLO is categorized as Cannabis, while DWSH is Inverse Equities. Their fees differ too: 0.75% for YOLO and 3.67% for DWSH.

Which has better risk-adjusted returns?

YOLO currently has the higher Sharpe Ratio (0.65 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.