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ETFs

AdvisorShares Trust AdvisorShares Dorsey Wright FSM All Cap World ETF

DWAW
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 26 2019
Expense Ratio
1.28%
Type
Global Diversified
Fund Owner
Advisor Shares
Volume (1m avg. daily)
$94,369
AUM
$78,730,029
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

QQQ
Invesco Capital Management LLC - Invesco QQQ Trust Series 1
50.13%
QQEW
First Trust Exchange-Traded Fund III - First Trust NASDAQ-100 Equal Weighted Index Fund
49.76%
n/a
BLACKROCK TREASURY TRUST INSTL 62
0.12%
n/a
CASH
0.00%
Invest with DWAW

What is DWAW?

The AdvisorShares Dorsey Wright FSM All Cap World ETF (Ticker: DWAW) is an actively managed global rotation strategy using a technical and systematically-driven investment process to invest in domestic and foreign equity asset classes across any market cap, including emerging markets, within the tax-efficient structure of an ETF. The Fund is an actively managed exchange-traded fund ( ETF ) that is primarily a fund of funds. The Advisor seeks to achieve the Fund s investment objective by investing in ETFs that invest primarily in domestic large capitalization equity securities. During periods in which the Advisor believes the market indicates broad equity weakness and cash strength, the Fund invests in fixed income ETFs with a short or ultra-short duration, money market funds, cash and cash equivalents ( Defensive Investments ).

ETFs related toDWAW

ETFs correlated to DWAW include GAUG, LGRO, IUSV

DWAW
Advisorshares Trust - AdvisorShares Dorsey Wright FSM All Cap World ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
IUSV
BlackRock Institutional Trust Company N.A. - iShares Core S&P U.S.Value ETF
SPYV
SPDR Series Trust - SPDR Portfolio S&P 500 Value ETF
IVE
BlackRock Institutional Trust Company N.A. - iShares S&P 500 Value ETF
VOOV
Vanguard Group, Inc. - Vanguard S&P 500 Value ETF
AVUS
American Century ETF Trust - Avantis U.S. Equity ETF
AVSU
American Century ETF Trust - Avantis Responsible U.S. Equity ETF
FEX
First Trust Exchange-Traded Fund III - First Trust Large Cap Core AlphaDEX Fund
TILT
FlexShares Trust - FlexShares Morningstar US Market Factors Tilt Index Fund

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

DWAW is a Global Diversified ETF. The AdvisorShares Dorsey Wright FSM All Cap World ETF (Ticker: DWAW) is an actively managed global rotation strategy using a technical and systematically-driven investment process to invest in domestic and foreign equity asset classes across any market cap, including emerging markets, within the tax-efficient structure of an ETF. The Fund is an actively managed exchange-traded fund ( ETF ) that is primarily a fund of funds. The Advisor seeks to achieve the Fund s investment objective by investing in ETFs that invest primarily in domestic large capitalization equity securities. During periods in which the Advisor believes the market indicates broad equity weakness and cash strength, the Fund invests in fixed income ETFs with a short or ultra-short duration, money market funds, cash and cash equivalents ( Defensive Investments ).

Yes, DWAW is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, DWAW is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on DWAW is -0.0049%. This is the percent change in the value of DWAW over the most recent 1-month period. The 3-month return on DWAW is -0.015%. This is the percent change in the value of DWAW over the most recent 3-month period.

The standard deviation of DWAW for the past year is 0.1858%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to DWAW include AOR, DRSK, and FPEI.

ETFs correlated to DWAW include GAUG, LGRO, and IUSV.

ETFs that are inversely correlated to DWAW include SDS, SH, and SPXS.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.