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 

Get a quick and easy introduction to the DWSH ETF.

DWSH Overview

  Get a quick and easy introduction to the DWSH ETF.

Fund

Price History

Fund Data

10/2/2025
NAV $6.74
Change $-0.04
Shares Outstanding 1,885,000
Assets Under Management $12,699,812.83

 

 

 

 

Market Data

10/2/2025
Closing Price $6.75
Close Change $-0.04
Volume 25,242

Regulatory Data

10/2/2025
Premium Discount $0.01
30-Day Median bid-ask Spread 0.002981
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 8/31/2025

Source: Morningstar & AdvisorShares

FUND

Performance

As of 8/31/2025

  NAV Market Price Return S&P 500 Index
1 Month -6.52 -6.44 2.03
3 Months -15.13 -14.90 9.62
YTD -4.88 -4.84 10.79
1 Year -2.63 -2.60 15.88
3 Years -6.78 -6.87 19.54
5 Years -15.13 -15.07 14.74
Since Inception (7/10/2018, Annualized) -15.00 -14.99 14.31

As of 6/30/2025

  NAV Market Price Return S&P 500 Index
1 Month -5.73 -5.60 5.09
3 Months -1.29 -1.20 10.94
YTD 5.66 5.56 6.20
1 Year 4.78 5.01 15.16
3 Years -6.14 -6.02 19.71
5 Years -14.81 -14.83 16.64
Since Inception (7/10/2018, Annualized) -14.05 -14.05 13.99

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
10/02/2025 DWSH HP 423452101 HELMERICH & PAYNE -7,650 22.90 -175,185.00 -1.38% S
CNC 15135B101 CENTENE CORP -4,640 36.82 -170,844.80 -1.34% S
WFRD G48833118 WEATHERFORD INTERNATIONAL PL -2,558 66.29 -169,569.82 -1.33% FS
JELD 47580P103 JELD-WEN HOLDING INC -33,050 4.83 -159,631.50 -1.26% S
MUR 626717102 MURPHY OIL CORP -5,144 29.22 -150,307.68 -1.18% S
BRKR 116794108 BRUKER CORP -4,240 34.83 -147,679.20 -1.16% S
SNAP 83304A106 SNAP INC - A -17,820 8.22 -146,480.40 -1.15% S
HAL 406216101 HALLIBURTON CO -5,991 24.38 -146,060.58 -1.15% S
ILMN 452327109 ILLUMINA INC -1,440 99.30 -142,992.00 -1.13% S
IART 457985208 INTEGRA LIFESCIENCES HOLDING -10,228 13.97 -142,885.16 -1.12% S
ENTG 29362U104 ENTEGRIS INC -1,460 96.81 -141,342.60 -1.11% S
RIG H8817H100 TRANSOCEAN LTD -42,813 3.30 -141,282.90 -1.11% FS
VFC 918204108 VF CORP -9,180 15.39 -141,280.20 -1.11% S
WAT 941848103 WATERS CORP -430 321.92 -138,425.60 -1.09% S
ELV 036752103 ELEVANCE HEALTH INC -406 340.24 -138,137.44 -1.09% S
ZD 48123V102 ZIFF DAVIS INC -3,555 38.76 -137,791.80 -1.08% S
SRPT 803607100 SAREPTA THERAPEUTICS INC -6,150 22.35 -137,452.50 -1.08% S
RVTY 714046109 REVVITY INC -1,500 91.46 -137,190.00 -1.08% S
REGN 75886F107 REGENERON PHARMACEUTICALS -228 600.00 -136,800.00 -1.08% S
SVC 81761L102 SERVICE PROPERTIES TRUST -51,905 2.63 -136,510.15 -1.07% S
MOH 60855R100 MOLINA HEALTHCARE INC -700 194.25 -135,975.00 -1.07% S
PCG 69331C108 P G & E CORP -8,660 15.63 -135,355.80 -1.07% S
WST 955306105 WEST PHARMACEUTICAL SERVICES -495 273.16 -135,214.20 -1.06% S
LW 513272104 LAMB WESTON HOLDINGS INC -2,172 62.14 -134,968.08 -1.06% S
IT 366651107 GARTNER INC -520 257.23 -133,759.60 -1.05% S
MRK 58933Y105 MERCK & CO. INC. -1,470 89.51 -131,579.70 -1.04% S
CAG 205887102 CONAGRA BRANDS INC -6,850 19.18 -131,383.00 -1.03% S
UNH 91324P102 UNITEDHEALTH GROUP INC -370 353.72 -130,876.40 -1.03% S
CABO 12685J105 CABLE ONE INC -762 170.17 -129,669.54 -1.02% S
BDX 075887109 BECTON DICKINSON AND CO -675 191.60 -129,330.00 -1.02% S
AKAM 00971T101 AKAMAI TECHNOLOGIES INC -1,650 78.01 -128,716.50 -1.01% S
TECH 09073M104 BIO-TECHNE CORP -2,070 62.09 -128,526.30 -1.01% S
GPN 37940X102 GLOBAL PAYMENTS INC -1,480 86.42 -127,901.60 -1.01% S
BAX 071813109 BAXTER INTERNATIONAL INC -5,500 23.23 -127,765.00 -1.01% S
GIS 370334104 GENERAL MILLS INC -2,530 50.32 -127,309.60 -1.00% S
GDDY 380237107 GODADDY INC - CLASS A -950 134.00 -127,300.00 -1.00% S
MKTX 57060D108 MARKETAXESS HOLDINGS INC -750 169.59 -127,192.50 -1.00% S
CLX 189054109 CLOROX COMPANY -1,040 122.25 -127,140.00 -1.00% S
BF/B 115637209 BROWN-FORMAN CORP-CLASS B -4,589 27.68 -127,023.52 -1.00% S
CMG 169656105 CHIPOTLE MEXICAN GRILL INC -3,150 40.27 -126,850.50 -1.00% S
FDS 303075105 FACTSET RESEARCH SYSTEMS INC -450 281.88 -126,846.00 -1.00% S
MORN 617700109 MORNINGSTAR INC -560 226.26 -126,705.60 -1.00% S
ADBE 00724F101 ADOBE INC -360 351.48 -126,532.80 -1.00% S
CE 150870103 CELANESE CORP -2,790 45.31 -126,414.90 -1.00% S
UHAL 023586100 U-HAUL HOLDING CO -2,200 57.43 -126,346.00 -0.99% S
TGT 87612E106 TARGET CORP -1,410 89.51 -126,209.10 -0.99% S
STZ 21036P108 CONSTELLATION BRANDS INC-A -895 140.51 -125,756.45 -0.99% S
WU 959802109 WESTERN UNION CO -15,600 8.06 -125,736.00 -0.99% S
IEX 45167R104 IDEX CORP -760 165.18 -125,536.80 -0.99% S
CPB 134429109 THE CAMPBELL'S COMPANY -3,970 31.60 -125,452.00 -0.99% S
LKQ 501889208 LKQ CORP -4,000 31.31 -125,240.00 -0.99% S
UPS 911312106 UNITED PARCEL SERVICE-CL B -1,451 85.57 -124,162.07 -0.98% S
CHTR 16119P108 CHARTER COMMUNICATIONS INC-A -460 269.61 -124,020.60 -0.98% S
FMC 302491303 FMC CORP -3,943 31.43 -123,928.49 -0.98% S
TFX 879369106 TELEFLEX INC -982 125.50 -123,241.00 -0.97% S
CHE 16359R103 CHEMED CORP -278 442.04 -122,887.12 -0.97% S
ACN G1151C101 ACCENTURE PLC-CL A -500 244.34 -122,170.00 -0.96% FS
ENOV 194014502 ENOVIS CORP -3,985 30.55 -121,741.75 -0.96% S
FICO 303250104 FAIR ISAAC CORP -68 1,784.68 -121,358.24 -0.96% S
PTEN 703481101 PATTERSON-UTI ENERGY INC -22,710 5.34 -121,271.40 -0.95% S
FBIN 34964C106 FORTUNE BRANDS INNOVATIONS I -2,270 53.24 -120,854.80 -0.95% S
MAN 56418H100 MANPOWERGROUP INC -3,126 38.63 -120,757.38 -0.95% S
BAH 099502106 BOOZ ALLEN HAMILTON HOLDINGS -1,170 103.11 -120,638.70 -0.95% S
IFF 459506101 INTL FLAVORS & FRAGRANCES -1,960 61.51 -120,559.60 -0.95% S
FI 337738108 FISERV INC -950 125.76 -119,472.00 -0.94% S
EMN 277432100 EASTMAN CHEMICAL CO -1,850 64.37 -119,084.50 -0.94% S
RHI 770323103 ROBERT HALF INC -3,470 34.24 -118,812.80 -0.94% S
WLK 960413102 WESTLAKE CORP -1,484 79.87 -118,527.08 -0.93% S
LYB N53745100 LYONDELLBASELL INDU-CL A -2,400 49.33 -118,392.00 -0.93% FS
XRAY 24906P109 DENTSPLY SIRONA INC -9,106 12.96 -118,013.76 -0.93% S
LSTR 515098101 LANDSTAR SYSTEM INC -970 121.23 -117,593.10 -0.93% S
BMRN 09061G101 BIOMARIN PHARMACEUTICAL INC -2,105 55.57 -116,974.85 -0.92% S
CRI 146229109 CARTER'S INC -3,940 29.60 -116,624.00 -0.92% S
CPRT 217204106 COPART INC -2,600 44.57 -115,882.00 -0.91% S
ASH 044186104 ASHLAND INC -2,382 48.54 -115,622.28 -0.91% S
OLN 680665205 OLIN CORP -4,587 25.19 -115,546.53 -0.91% S
ASGN 00191U102 ASGN INC -2,390 47.90 -114,481.00 -0.90% S
EIX 281020107 EDISON INTERNATIONAL -2,090 54.49 -113,884.10 -0.90% S
FND 339750101 FLOOR & DECOR HOLDINGS INC-A -1,540 73.68 -113,467.20 -0.89% S
EPAM 29414B104 EPAM SYSTEMS INC -740 152.77 -113,049.80 -0.89% S
COO 216648501 COOPER COS INC/THE -1,620 69.12 -111,974.40 -0.88% S
XRX 98421M106 XEROX HOLDINGS CORP -29,276 3.78 -110,663.28 -0.87% S
LEG 524660107 LEGGETT & PLATT INC -12,528 8.83 -110,622.24 -0.87% S
SIRI 829933100 SIRIUS XM HOLDINGS INC -4,873 22.60 -110,129.80 -0.87% S
ARE 015271109 ALEXANDRIA REAL ESTATE EQUIT -1,315 83.70 -110,065.50 -0.87% S
SWKS 83088M102 SKYWORKS SOLUTIONS INC -1,422 77.37 -110,020.14 -0.87% S
CHDN 171484108 CHURCHILL DOWNS INC -1,140 96.02 -109,462.80 -0.86% S
TDC 88076W103 TERADATA CORP -4,957 21.97 -108,905.29 -0.86% S
ALGN 016255101 ALIGN TECHNOLOGY INC -846 128.70 -108,880.20 -0.86% S
GPK 388689101 GRAPHIC PACKAGING HOLDING CO -5,500 19.45 -106,975.00 -0.84% S
COLM 198516106 COLUMBIA SPORTSWEAR CO -1,970 53.70 -105,789.00 -0.83% S
NOV 62955J103 NOV INC -7,904 13.23 -104,569.92 -0.82% S
FLO 343498101 FLOWERS FOODS INC -7,990 13.01 -103,949.90 -0.82% S
ODFL 679580100 OLD DOMINION FREIGHT LINE -735 140.60 -103,341.00 -0.81% S
DXC 23355L106 DXC TECHNOLOGY CO -7,450 13.59 -101,245.50 -0.80% S
KMX 143130102 CARMAX INC -2,150 46.07 -99,050.50 -0.78% S
HUN 447011107 HUNTSMAN CORP -10,569 9.29 -98,186.01 -0.77% S
WEN 95058W100 WENDY'S CO/THE -10,230 9.41 -96,264.30 -0.76% S
COTY 222070203 COTY INC-CL A -23,990 3.94 -94,520.60 -0.74% S
CASH -4,203,565.7 100.00 -4,203,565.70 -33.09% CA
X9USDISLQ INVESCO GOVT AGENCY INSTL 1901 29,294,557.97 1.00 29,294,557.97 230.58% 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.