DWAW
AdvisorShares Dorsey Wright FSM All Cap World ETF
DWAW is an actively managed fund of funds that follows a proprietary rules-based momentum strategy and seeks long-term capital appreciation.
Global
EQUITY
Active
MANAGEMENT STYLE
$ 86.3 M
ASSETS UNDER MGMT
123 bp
EXPENSES
Fund Basics
| Inception date | Dec 26, 2019 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Annually |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | Yes |
Top 10 Holdings
| ISHARES MSCI USA VALUE FACTOR ETF | 20.4 % |
| ISHARES MSCI INTL VALUE FACTOR ETF | 20.2 % |
| ISHARES MSCI USA QUALITY FACTOR ETF | 19.9 % |
| INVESCO NASDAQ 100 ETF | 19.5 % |
| ISHARES MSCI USA MOMENTUM FACTOR ETF | 19.5 % |
Constituent Breakdown
| Number of holdings | 6 |
| Herfindahl-Hirschman Index | 252 |
| Wgt avg mkt cap (mns) | $772,685 |
| Large cap (>$10bn) | 96.5% |
| Mid cap ($2-10bn) | 0.7% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 97.7% |
| Emerging mkts. | 0.2% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 75.4 % |
 |
JAPAN | 5.7 % |
 |
BRITAIN | 3.7 % |
 |
GERMANY | 2.2 % |
 |
FRANCE | 2.1 % |
 |
IRELAND | 1.6 % |
 |
SWITZERLAND | 0.9 % |
 |
CANADA | 0.9 % |
 |
NETHERLANDS | 0.8 % |
 |
SPAIN | 0.8 % |
Historical Performance
Standardized Performance (as of 10/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 9.9% | 9.7% | 11.7% | 18.4% | 4.9% | -- | -- | 10.1% |
| Dividend Yield | 0.0% | 0.8% | 0.4% | 1.0% | 0.9% | -- | -- | 0.7% |
| Total Returns | 9.9% | 10.5% | 12.1% | 19.4% | 5.8% | -- | -- | 10.9% | Ann. Volatility | 17.7% | 17.1% | 19.5% | 18.5% | 19.2% | -- | -- | 22.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.18 | 77% |
| MSCI EAFE | 0.93 | 74% |
| MSCI Emg Mkts | 0.59 | 76% |
Liquidity Measures
| Avg. volume (000) | 3 |
| ADV traded (mns) | $0 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.08% |
Technical Indicators
| 30d moving avg. (EMA) | $49.08 |
| Relative strength (RSI) | 33 |
| MACD/Signal | -0.65/-0.39 |
| Bollinger Bands (Upper/Lower) | $51.01/$47.04 |
| Short interest (% of AUM) | 0.1% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. DWAW |
Expenses vs. DWAW |
ALTAR Score™ vs. DWAW |
|---|---|---|---|---|
| DWUS | AdvisorShares Dorsey Wright FSM US Core ETF | 39.4% | -15 bp | -1.0% |
| XCOR | FundX ETF | 19.7% | -8 bp | -1.0% |
| XNAV | FundX Aggressive ETF | 17.0% | +4 bp | -1.6% |
| DDXX | Defined Duration 20 ETF | 11.1% | -89 bp | +1.3% |
Risk and Returns: DWAW vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/15/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
5.3%
ALTAR SCORE™
59th
PERCENTILE
NEUTRAL
ETFRC RATING
There are 764 funds in the Global Equity category with an average
ALTAR Score™ of 4.7% and a standard deviation
of 2.6%. DWAW's ALTAR Score™ is approximately 0.2 standard
deviations above the category average. This places DWAW in the 59th percentile
among funds in the category.
Sell-Side Consensus
$60.8
PRICE TARGET
+26.5%
UPSIDE