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ETFs

AdvisorShares Trust AdvisorShares Dorsey Wright Micro-Cap ETF

DWMC
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 10 2018
Expense Ratio
1.25%
Type
US Equities
Fund Owner
Advisor Shares
Volume (1m avg. daily)
$20,003
AUM
$4,585,733
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

CBAY
Cymabay Therapeutics Inc
1.91%
MOD
Modine Manufacturing Co.
1.77%
SPLP
Steel Partners Holdings LP - Unit
1.77%
PBT
Permian Basin Royalty Trust
1.61%
AMR
Alpha Metallurgical Resources Inc
1.61%
STRL
Sterling Infrastructure Inc
1.56%
BELFB
Bel Fuse Inc. - Ordinary Shares - Class B
1.53%
NRP
Natural Resource Partners LP - Unit
1.44%
DFIN
Donnelley Financial Solutions Inc
1.32%
PLPC
Preformed Line Products Co.
1.28%
Invest with DWMC

What is DWMC?

The AdvisorShares Dorsey Wright Micro Cap ETF (Ticker: DWMC) is an actively managed ETF that seeks long-term capital appreciation by investing in exchange-listed, micro-cap equities with sufficient liquidity that generally have a market capitalization of less than $1 billion.DWMC s investment strategy follows Nasdaq Dorsey Wrights core philosophy of relative strength investing a proprietary systematically-driven methodology that buys securities that have appreciated in price more than other equities within its investment universe and holding those securities until they exhibit sell signals. No company fundamental data is involved in the analysis and the systematic nature of Dorsey Wright s process removes emotion from the day-to-day decision making. Stock selection is strictly based on the highest ranked securities as measured by the relative strength investment process.

ETFs related toDWMC

ETFs correlated to DWMC include DWAS, AVUV, AVSC

DWMC
Advisorshares Trust - AdvisorShares Dorsey Wright Small Co ETF
DWAS
Invesco Capital Management LLC - Invesco Dorsey Wright SmallCap Momentum ETF
AVUV
American Century ETF Trust - Avantis U.S. Small Cap Value ETF
AVSC
American Century ETF Trust - Avantis U.S Small Cap Equity ETF
PRFZ
Invesco Capital Management LLC - Invesco FTSE RAFI US 1500 Small-Mid ETF
XSVM
Invesco Capital Management LLC - Invesco S&P SmallCap Value with Momentum ETF
DFAS
Dimensional ETF Trust - Dimensional U.S. Small Cap ETF
DFAT
Dimensional ETF Trust - Dimensional U.S. Targeted Value ETF
CALF
Pacer Funds Trust - Pacer US Small Cap Cash Cows 100 ETF
SMLF
BlackRock Institutional Trust Company N.A. - iShares U.S. Small-Cap Equity Factor ETF
GSSC
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF

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.

Automated Strategies
Related toDWMC

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

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Create your own algorithmic trading strategy with DWMC using Composer

FAQ

DWMC is a US Equities ETF. The AdvisorShares Dorsey Wright Micro Cap ETF (Ticker: DWMC) is an actively managed ETF that seeks long-term capital appreciation by investing in exchange-listed, micro-cap equities with sufficient liquidity that generally have a market capitalization of less than $1 billion.DWMC s investment strategy follows Nasdaq Dorsey Wrights core philosophy of relative strength investing a proprietary systematically-driven methodology that buys securities that have appreciated in price more than other equities within its investment universe and holding those securities until they exhibit sell signals. No company fundamental data is involved in the analysis and the systematic nature of Dorsey Wright s process removes emotion from the day-to-day decision making. Stock selection is strictly based on the highest ranked securities as measured by the relative strength investment process.

Yes, DWMC 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, DWMC 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 DWMC is -0.0119%. This is the percent change in the value of DWMC over the most recent 1-month period. The 3-month return on DWMC is 0.0182%. This is the percent change in the value of DWMC over the most recent 3-month period.

The standard deviation of DWMC for the past year is 0.1915%. 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 DWMC include IVV, MDY, and IJR.

ETFs correlated to DWMC include DWAS, AVUV, and AVSC.

ETFs that are inversely correlated to DWMC include TZA, SRTY, and RWM.

Disclaimers

*

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.