DWSH - AdvisorShares Dorsey Wright Short ETF

Insure Your Portfolio

Delivering protection to an investment portfolio during unexpected market downturns.

Symbol Exchange Inception Date CUSIP NAV Options Available
DWSH Nasdaq 7/10/2018 00768Y529 DWSH.NV Yes
About The ETF

While people often insure their most valuable possessions – cars, homes, jewelry, health, life – from loss or damage, they often overlook sheltering their investment portfolio from the harm of volatile markets. Using a short hedging strategy with a long equity portfolio may help to shield your financial investments from unexpected market downturns.

The AdvisorShares Dorsey Wright Short ETF (DWSH) uses an actively managed, relative strength investment strategy to sell short those securities demonstrating the lowest relative strength (aka highest relative weakness) within an investment universe comprised primarily of large-capitalization U.S.-traded equities. DWSH may be used to hedge long equity exposure and seek positive returns in declining equity markets. It is not an inverse fund.

What Is Relative Strength?

Relative strength is a way of recording historic performance patterns to identify momentum signals for current and future performance trends of a security versus an investment universe or benchmark. It is the comparison of price performance within a universe of securities to identify those that have appreciated more. Numerous studies by both academics and investment professionals have demonstrated that securities showing the greatest gains relative to their market often continue to outperform. Analyzing securities by their relative strength provides a way to identify the current market leaders – the securities leading the market and the ones you want to own. It also identifies those with the weakest relative strength – the laggards underperforming that you want to avoid or sell short. Nasdaq Dorsey Wright is recognized as a leader in relative strength analysis.

Why Invest in DWSH?
  • Hedging Tool – DWSH can be implemented as part of a long/short strategy, providing investors with a “buy and hold” alternative to hedge their long domestically-traded equity exposure against market downturns.
  • Alpha-Seeking Exposure – DWSH’s systematic and selective approach offers the potential to add alpha to an investment portfolio, especially during market corrections. Also, during severe market downturns and at certain technical levels, the strategy can seek to enhance its total return by allocating short exposure more broadly to the domestic equity market and shorting individual ETFs or futures contracts.
  • Different from Inverse Funds – Spreading your investment risk among equities not correlated to the broader market may help diversify and mitigate your overall portfolio risk. DWSH differs considerably from inverse fund investment strategies which are often subject to daily resets and indiscriminately sell short the top companies within a market-cap weighted index.
  • Strategy Diversification – DWSH’s systematic investment process seeks to limit unnecessary risk while maximizing relative weakness exposure. If a security becomes too large as a percentage of the portfolio, it is trimmed to bring it back in line with the other securities weights. The process also implements pre-determined stop prices for each position.
Where Can DWSH Fit in a Traditional Portfolio?

DWSH may be used to hedge long equity exposure and seek positive returns in declining equity markets.

Key Attributes
  • Dedicated Short Portfolio of Weakest Companies – DWSH typically has a modified equal weight portfolio of 75 – 100 U.S.-traded large cap equities that demonstrate the highest relative weakness according to Nasdaq Dorsey Wright’s proprietary relative strength model.
  • Systematic Approach –DWSH’s investment process is entirely systematic and designed to remove human emotion from the decision process. It allows for the ongoing analysis of a large universe of securities through diverse and changing markets.
  • Relative Strength/Weakness Analysis – DWSH uses relative strength investing, a repeatable process which compares price performance within a universe of stocks. Analyzing securities by their relative strength not only identifies the current market leaders, but also those with the weakest relative strength – the laggards underperforming the market that DWSH wants to sell short.
  • Disciplined Sell Process – Securities are automatically sold from the portfolio when they reach a predetermined sell price. This sell price is identified when the security is purchased and not adjusted for different market scenarios. The sell process is an entirely technical, systematic approach and takes the emotion out of the sell decision.
About the Portfolio Strategist

John G. Lewis, CMT | Nasdaq Dorsey Wright, Senior Portfolio Manager

Since joining Nasdaq Dorsey Wright in 2002, Mr. Lewis has developed relative strength and momentum strategies for the firm’s separately managed accounts, global asset allocation strategies, ETFs, and UITs. As one of the foremost experts on relative strength investing, Mr. Lewis has authored several original research papers on the subject. He is a Chartered Market Technician (CMT) and a member of the Market Technician’s Association and the American Association of Professional Technical Analysts. Mr. Lewis earned an M.B.A. in Finance from the University of Southern California and a B.A. from the University of San Diego. He began his career in the investment industry in 1994.

DWSH Overview 

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DWSH Overview

  Get a quick and easy introduction to the DWSH ETF.

Fund

Price History

Fund Data

10/30/2025
NAV $7.09
Change $0.15
Shares Outstanding 1,885,000
Assets Under Management $13,361,108.72

 

 

 

 

Market Data

10/29/2025
Closing Price $6.93
Close Change $0.15
Volume 45,830

Regulatory Data

10/29/2025
Premium Discount $-0.01
30-Day Median bid-ask Spread 0.002972
Premium/Discount Historical Data | NAV Historical Data | Daily Premium/Discount Historical Data

Shares are bought and sold at market price (closing price) not NAV and are not individually redeemed from the Fund. Market price returns are based on the midpoint of the bid/ask spread at 4:00 pm Eastern Time (when NAV is normally determined), and do not represent the return you would receive if you traded at other times.

FUND

Characteristics

As of 9/30/2025

Source: Morningstar & AdvisorShares

FUND

Performance

As of 9/30/2025

  NAV Market Price Return S&P 500 Index
1 Month 3.06 2.84 3.65
3 Months -7.22 -7.29 8.12
YTD -1.97 -2.14 14.83
1 Year 2.23 1.99 17.60
3 Years -10.25 -10.21 24.94
5 Years -15.81 -15.79 16.47
Since Inception (7/10/2018, Annualized) -14.49 -14.50 14.70

As of 9/30/2025

  NAV Market Price Return S&P 500 Index
1 Month 3.06 2.84 3.65
3 Months -7.22 -7.29 8.12
YTD -1.97 -2.14 14.83
1 Year 2.23 1.99 17.60
3 Years -10.25 -10.21 24.94
5 Years -15.81 -15.79 16.47
Since Inception (7/10/2018, Annualized) -14.49 -14.50 14.70

Performance data quoted represents past performance and is no guarantee of future results. All Fund data and performance data quoted is believed to be accurate, and unless otherwise stated, is sourced from the Fund administrator, the Advisor’s or Sub-Advisor’s proprietary data, and Morningstar. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost. Returns less than one year are not annualized.

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Fund

Holdings

As of

Excel    CSV

Date Account Symbol Stock Ticker Security ID Security Description Shares Share Price Market Value Portfolio Weight Asset Group
10/30/2025 DWSH HP 423452101 HELMERICH & PAYNE -7,650 26.68 -204,102.00 -1.53% S
RIG H8817H100 TRANSOCEAN LTD -44,613 3.91 -174,436.83 -1.30% FS
SRPT 803607100 SAREPTA THERAPEUTICS INC -7,300 23.25 -169,725.00 -1.27% S
CNC 15135B101 CENTENE CORP -4,840 35.02 -169,496.80 -1.27% S
KEX 497266106 KIRBY CORP -1,510 104.33 -157,538.30 -1.18% S
BRKR 116794108 BRUKER CORP -4,240 36.40 -154,336.00 -1.15% S
HAL 406216101 HALLIBURTON CO -5,691 26.96 -153,429.36 -1.15% S
REGN 75886F107 REGENERON PHARMACEUTICALS -228 654.04 -149,121.12 -1.12% S
WAT 941848103 WATERS CORP -430 342.90 -147,447.00 -1.10% S
WU 959802109 WESTERN UNION CO -15,330 9.42 -144,408.60 -1.08% S
PTEN 703481101 PATTERSON-UTI ENERGY INC -22,710 6.30 -143,073.00 -1.07% S
SNAP 83304A106 SNAP INC - A -18,720 7.60 -142,272.00 -1.06% S
JELD 47580P103 JELD-WEN HOLDING INC -31,850 4.39 -139,821.50 -1.05% S
ILMN 452327109 ILLUMINA INC -1,410 99.01 -139,604.10 -1.04% S
UPS 911312106 UNITED PARCEL SERVICE-CL B -1,451 95.06 -137,932.06 -1.03% S
RVTY 714046109 REVVITY INC -1,500 91.02 -136,530.00 -1.02% S
ELV 036752103 ELEVANCE HEALTH INC -406 321.95 -130,711.70 -0.98% S
IEX 45167R104 IDEX CORP -760 170.30 -129,428.00 -0.97% S
IT 366651107 GARTNER INC -520 248.40 -129,168.00 -0.97% S
UNH 91324P102 UNITEDHEALTH GROUP INC -370 344.75 -127,557.50 -0.95% S
CHE 16359R103 CHEMED CORP -278 454.44 -126,334.32 -0.95% S
TECH 09073M104 BIO-TECHNE CORP -2,070 60.96 -126,187.20 -0.94% S
LKQ 501889208 LKQ CORP -4,000 31.16 -124,640.00 -0.93% S
ACN G1151C101 ACCENTURE PLC-CL A -500 249.25 -124,625.00 -0.93% FS
IFF 459506101 INTL FLAVORS & FRAGRANCES -1,960 63.13 -123,734.80 -0.93% S
TGT 87612E106 TARGET CORP -1,330 92.92 -123,583.60 -0.92% S
GT 382550101 GOODYEAR TIRE & RUBBER CO -17,800 6.91 -122,998.00 -0.92% S
TFX 879369106 TELEFLEX INC -982 124.84 -122,592.88 -0.92% S
BF/B 115637209 BROWN-FORMAN CORP-CLASS B -4,589 26.67 -122,388.63 -0.92% S
ENOV 194014502 ENOVIS CORP -3,985 30.69 -122,299.65 -0.91% S
ADBE 00724F101 ADOBE INC -360 339.24 -122,126.40 -0.91% S
OKE 682680103 ONEOK INC -1,830 66.72 -122,097.60 -0.91% S
VFC 918204108 VF CORP -8,680 14.06 -122,040.80 -0.91% S
AKAM 00971T101 AKAMAI TECHNOLOGIES INC -1,650 73.93 -121,984.50 -0.91% S
LSTR 515098101 LANDSTAR SYSTEM INC -970 125.35 -121,589.50 -0.91% S
WEN 95058W100 WENDY'S CO/THE -14,230 8.51 -121,097.30 -0.91% S
BDX 075887109 BECTON DICKINSON AND CO -675 179.38 -121,081.50 -0.91% S
ZD 48123V102 ZIFF DAVIS INC -3,555 33.88 -120,443.40 -0.90% S
GDDY 380237107 GODADDY INC - CLASS A -950 126.74 -120,403.00 -0.90% S
CHH 169905106 CHOICE HOTELS INTL INC -1,300 92.59 -120,367.00 -0.90% S
PRGO G97822103 PERRIGO CO PLC -5,830 20.64 -120,331.20 -0.90% FS
CPB 134429109 THE CAMPBELL'S COMPANY -3,970 30.29 -120,251.30 -0.90% S
MORN 617700109 MORNINGSTAR INC -560 214.43 -120,080.80 -0.90% S
MKTX 57060D108 MARKETAXESS HOLDINGS INC -750 159.98 -119,985.00 -0.90% S
BBWI 070830104 BATH & BODY WORKS INC -5,000 23.93 -119,650.00 -0.90% S
NOV 62955J103 NOV INC -7,904 15.12 -119,508.48 -0.89% S
LEG 524660107 LEGGETT & PLATT INC -12,528 9.53 -119,391.84 -0.89% S
KMX 143130102 CARMAX INC -2,850 41.87 -119,329.50 -0.89% S
GIS 370334104 GENERAL MILLS INC -2,530 47.05 -119,036.50 -0.89% S
FDS 303075105 FACTSET RESEARCH SYSTEMS INC -442 269.04 -118,915.68 -0.89% S
CRI 146229109 CARTER'S INC -3,710 32.03 -118,831.30 -0.89% S
IART 457985208 INTEGRA LIFESCIENCES HOLDING -9,978 11.81 -117,840.18 -0.88% S
EPAM 29414B104 EPAM SYSTEMS INC -740 159.15 -117,771.00 -0.88% S
ALGN 016255101 ALIGN TECHNOLOGY INC -846 138.43 -117,111.78 -0.88% S
CLX 189054109 CLOROX COMPANY -1,040 112.46 -116,958.40 -0.87% S
GPK 388689101 GRAPHIC PACKAGING HOLDING CO -7,260 16.07 -116,668.20 -0.87% S
GPN 37940X102 GLOBAL PAYMENTS INC -1,480 78.69 -116,461.20 -0.87% S
EMN 277432100 EASTMAN CHEMICAL CO -1,950 59.72 -116,454.00 -0.87% S
EIX 281020107 EDISON INTERNATIONAL -2,090 55.64 -116,287.60 -0.87% S
ASH 044186104 ASHLAND INC -2,382 48.67 -115,931.94 -0.87% S
UHAL 023586100 U-HAUL HOLDING CO -2,200 52.60 -115,720.00 -0.87% S
STZ 21036P108 CONSTELLATION BRANDS INC-A -895 128.88 -115,347.60 -0.86% S
XRAY 24906P109 DENTSPLY SIRONA INC -9,106 12.59 -114,644.54 -0.86% S
CHDN 171484108 CHURCHILL DOWNS INC -1,140 100.40 -114,456.00 -0.86% S
HRL 440452100 HORMEL FOODS CORP -5,375 21.29 -114,433.75 -0.86% S
CAG 205887102 CONAGRA BRANDS INC -6,550 17.42 -114,101.00 -0.85% S
COO 216648501 COOPER COS INC/THE -1,620 70.11 -113,578.20 -0.85% S
SIRI 829933100 SIRIUS XM HOLDINGS INC -4,873 23.19 -113,004.87 -0.85% S
SVC 81761L102 SERVICE PROPERTIES TRUST -51,905 2.16 -112,114.80 -0.84% S
MOH 60855R100 MOLINA HEALTHCARE INC -737 151.10 -111,360.70 -0.83% S
CPRT 217204106 COPART INC -2,600 42.48 -110,448.00 -0.83% S
FBIN 34964C106 FORTUNE BRANDS INNOVATIONS I -2,240 48.79 -109,289.60 -0.82% S
BMRN 09061G101 BIOMARIN PHARMACEUTICAL INC -2,105 51.91 -109,270.55 -0.82% S
CABO 12685J105 CABLE ONE INC -762 142.83 -108,836.46 -0.81% S
LYB N53745100 LYONDELLBASELL INDU-CL A -2,400 45.20 -108,480.00 -0.81% FS
FICO 303250104 FAIR ISAAC CORP -68 1,585.36 -107,804.48 -0.81% S
CE 150870103 CELANESE CORP -2,810 38.00 -106,780.00 -0.80% S
LBRDK 530307305 LIBERTY BROADBAND-C -2,000 53.20 -106,400.00 -0.80% S
CHTR 16119P108 CHARTER COMMUNICATIONS INC-A -460 230.92 -106,223.20 -0.79% S
BAX 071813109 BAXTER INTERNATIONAL INC -5,500 19.16 -105,380.00 -0.79% S
ASGN 00191U102 ASGN INC -2,390 43.83 -104,753.70 -0.78% S
TDC 88076W103 TERADATA CORP -4,957 20.89 -103,551.73 -0.77% S
CMG 169656105 CHIPOTLE MEXICAN GRILL INC -3,150 32.53 -102,469.50 -0.77% S
COLM 198516106 COLUMBIA SPORTSWEAR CO -1,980 51.50 -101,970.00 -0.76% S
WLK 960413102 WESTLAKE CORP -1,484 68.29 -101,342.36 -0.76% S
ODFL 679580100 OLD DOMINION FREIGHT LINE -735 137.25 -100,878.75 -0.75% S
FND 339750101 FLOOR & DECOR HOLDINGS INC-A -1,540 65.01 -100,115.40 -0.75% S
BAH 099502106 BOOZ ALLEN HAMILTON HOLDINGS -1,170 82.82 -96,899.40 -0.72% S
FLO 343498101 FLOWERS FOODS INC -7,990 12.08 -96,519.20 -0.72% S
DXC 23355L106 DXC TECHNOLOGY CO -7,450 12.94 -96,403.00 -0.72% S
OLN 680665205 OLIN CORP -4,617 20.77 -95,895.09 -0.72% S
COTY 222070203 COTY INC-CL A -23,990 3.93 -94,280.70 -0.71% S
MAN 56418H100 MANPOWERGROUP INC -3,066 30.14 -92,409.24 -0.69% S
RHI 770323103 ROBERT HALF INC -3,470 26.56 -92,163.20 -0.69% S
XRX 98421M106 XEROX HOLDINGS CORP -29,276 3.09 -90,462.84 -0.68% S
HUN 447011107 HUNTSMAN CORP -10,569 8.18 -86,454.42 -0.65% S
ARE 015271109 ALEXANDRIA REAL ESTATE EQUIT -1,315 56.37 -74,126.55 -0.55% S
FI 337738108 FISERV INC -950 65.19 -61,930.50 -0.46% S
FMC 302491303 FMC CORP -3,943 15.53 -61,234.79 -0.46% S
CASH 355,566.95 100.00 355,566.95 2.66% CA
X9USDISLQ INVESCO GOVT AGENCY INSTL 1901 24,784,075.09 1.00 24,784,075.09 185.39% MM
Holdings and allocations are subject to risks and to change.

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FUND

Fees & Expenses

Management Fee 0.75%
Total Annual Operating Expenses 4.17%
Total Annual Operating Expenses After Recapture* 4.05%

*Total Annual Operating Expenses and Total Annual Operating Expenses After Recapture in this fee table may not correlate to the expense ratios in the Fund’s financial highlights. The Advisor has contractually agreed to reduce its fees and/or reimburse expenses to keep net expenses from exceeding 1.25% of the Fund’s average daily net assets for at least one year from the date of the Prospectus. The prospectus shows that the Advisor recaptured 0.05% during the most recent fiscal year, which is an expense of the Fund. For more information, please read the full prospectus.

Last Ten

Fund Distributions

        • Definitions:

          Alpha: One of the most commonly quoted indicators of investment performance, alpha, is defined as the excess return on an investment relative to the return on a benchmark index. 

          Short: A short, or a short position, is created when a trader sells a security first with the intention of repurchasing it or covering it later at a lower price.

          Before investing you should carefully consider the Fund’s investment objectives, risks, charges, and expenses. This and other information is in the prospectus or summary prospectus, a copy of which may be obtained by visiting the Fund’s website at www.AdvisorShares.com. Please read the prospectus carefully before you invest. Foreside Fund Services, LLC, Distributor.

          The Fund is subject to a number of risks that may affect the value of its shares, including the possible loss of principal. Short sales are transactions in which the Fund sells a security it does not own. To complete the transaction, the Fund must borrow the security to make delivery to the buyer. The Fund is then obligated to replace the security borrowed by purchasing the security at the market price at the time of replacement. If the underlying security goes down in price between the time the Fund sells the security and buys it back, the Fund will realize a gain on the transaction. Conversely, if the underlying security goes up in price during the period, the Fund will realize a loss on the transaction. Any such loss is increased by the amount of premium or interest the Fund must pay to the lender of the security. Likewise, any gain will be decreased by the amount of premium or interest the Fund must pay to the lender of the security. Because a short position loses value as the security’s price increases, the loss on a short sale is theoretically unlimited. Short sales involve leverage because the Fund borrows securities and then sells them, effectively leveraging its assets. The use of leverage may magnify gains or losses for the Fund. As with any fund, there is no guarantee that the Fund will achieve its investment objective.