DWAW AdvisorShares Dorsey Wright FSM All Cap World Equity ETF
Quote as of Aug 26, 2026 20:00 UTC · Market data delayed approximately 15–20 minutes unless otherwise indicated.
| Previous Close | 51.14 | Day Range | 51.07 – 51.11 |
| 52-Week Range | 41.29 – 51.92 | Volume | 920 |
| Avg Volume | 1.99K | AUM | $93.5M (Aug 26, 2026) |
| Expense Ratio | 1.23% | Yield (TTM) | 0.66% |
| NAV | 50.96 | Premium/Discount | +0.29% indicative |
| Inception | Dec 26, 2019 | Holdings | 4 |
| Issuer | AdvisorShares | Exchange | NASDAQ |
| Category | Global | Index Tracked | Not stated in source data |
| CUSIP | 00768Y479 | ISIN | US00768Y4796 |
| Management | Passive / index-tracking (per issuer description) | ||
About this ETF
The AdvisorShares Dorsey Wright FSM All Cap World Equity ETF (DWAW) endeavors to generate superior returns beyond broad market benchmarks, which inherently include both thriving and struggling investments. It achieves this by employing Dorsey Wright’s proven trend-following methodology and advanced investment models, specifically designed to identify leading asset classes and divest from underperforming ones. Distinct from many passively managed ETFs that merely replicate an index—thereby holding numerous less attractive securities—DWAW benefits from an active management strategy. Its rigorous investment framework systematically assesses a wide spectrum of asset classes within the FSM All Cap World universe, making deliberate choices for their inclusion in or exclusion from its dynamic, tactical portfolio. Successfully navigating portfolio performance largely depends on judiciously allocating to or avoiding specific asset classes—be they domestic or international, small or large capitalization, growth or value-oriented, or based on particular factors or market segments. As market conditions evolve, certain asset classes fall into favor while others decline, with trends varying in duration from months to years. DWAW capitalizes on these shifts by investing in top-ranked FSM funds, aiming to capture the growth of those exhibiting the most significant relative strength while steering clear of the weakest. Moreover, DWAW integrates a systematic defensive mechanism, grounded in the belief that mitigating substantial losses is paramount for capital preservation and sustained long-term gains. This rules-based approach strategically increases the portfolio’s allocation to cash or short-term fixed income when momentum indicators signal potential market instability. This temporary defensive posture is designed to protect the portfolio from severe market downturns.
Description from the fund data provider · profile as of Aug 26, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | +2.49% | +0.95% | +10.16% | +15.85% | +22.39% | +18.57% | +6.81% | — | +11.28% |
| Total return | +2.48% | +0.95% | +10.16% | +15.85% | +23.33% | +19.54% | +7.77% | — | +12.05% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Aug 25, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 1.23% | Annual cost of a $10,000 investment | $123.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Holdings as of Aug 22, 2026 — portfolio reporting date from the data provider; holdings are not live positions. 7 rows in database.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | ISHARES MSCI USA VALUE FACTO | VLUE | 20.48% | 95.01K | $19.2M |
| 2 | ISHARES RUSSELL 2000 GROWTH | IWO | 20.20% | 49.00K | $19.0M |
| 3 | ISHARES MSCI INTERNATIONAL V | IVLU | 20.05% | 423.70K | $18.8M |
| 4 | ISHARES MSCI USA QUALITY FAC | QUAL | 19.80% | 83.34K | $18.6M |
| 5 | ISHARES RUSSELL 2000 VALUE E | IWN | 19.38% | 81.00K | $18.2M |
| 6 | BLACKROCK TREASURY TRUST INSTL 62 | — | 0.25% | 236.35K | $236.3K |
| 7 | CASH | — | -0.16% | -148.39K | -$148.4K |
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Sector Exposure
Geographic Exposure
Country weights as reported by the data provider. Developed/emerging/frontier labels follow the classification on the Methodology page. Currency hedged: No hedging indicated in the fund name.
Distributions
| Yield (TTM) | 0.66% | Paid (last 12 months) | $0.3400 |
| Frequency | Irregular | SEC yield | Not provided by our data source — see the issuer page |
| Last ex-date | Dec 22, 2025 | Last payment | $0.3400 (Dec 29, 2025) |
| Growth 1Y | — | Growth 3Y / 5Y (ann.) | +27.25% / — |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| Dec 22, 2025 | Dec 22, 2025 | Dec 29, 2025 | $0.3400 |
| Dec 26, 2023 | Dec 27, 2023 | Dec 29, 2023 | $0.5758 |
| Dec 23, 2022 | Dec 27, 2022 | Dec 30, 2022 | $0.1650 |
| Dec 23, 2021 | Dec 27, 2021 | Dec 31, 2021 | $0.5490 |
| Dec 24, 2020 | Dec 28, 2020 | Dec 31, 2020 | $0.0600 |
Trailing distribution yield = last 12 months of cash ÷ current price. It is NOT the SEC 30-day yield and distributions are not guaranteed to continue. The difference explained →
Risk Statistics
| Volatility 1Y / 3Y | 17.38% / 18.80% | Sharpe 1Y / 3Y | 1.24 / 0.963 |
| Max drawdown 1Y / 3Y | -11.60% / -22.90% | Sortino 1Y | 1.83 |
| Beta vs S&P 500 (3Y) | 1.13 | Correlation vs S&P 500 (1Y) | 0.898 |
| Downside deviation 1Y | 11.80% | Risk-free rate used | 3.72% (3M T-bill, FRED) |
Computed by ETF Explorer from daily dividend-adjusted closes; volatility and drawdown are annualized/period figures; S&P 500 exposure proxied by SPY. As of Aug 26, 2026. Formulas →
Liquidity
| Volume today | 920 | Average volume | 1.99K |
| AUM | $93.5M | Premium/Discount | +0.29% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV — an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Fund Flows (estimated)
| Period | Est. net flow | % of starting AUM | AUM start → end |
|---|---|---|---|
| 1 Day | -$451.3K | -0.48% | $94.0M → $93.5M |
| 1 Week | -$1.2M | -1.22% | $94.7M → $93.5M |
ETF Explorer estimate: change in reported AUM minus the market-move effect, from our own daily snapshots. Not official issuer creation/redemption data.
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source — review them before investing.
Latest News for DWAW
No articles mention this fund directly in the last 7 days — showing general ETF coverage.
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.