DWSH vs VOO
AdvisorShares Dorsey Wright Short ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | DWSH | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 6.22% | 0.03% | |
| AUM | $6M | $997.4B | |
| Dividend Yield | 6.98% | 1.08% | |
| Holdings | 101 | 509 | |
| YTD Return | -15.76% | +12.73% | |
| 1Y Return | -13.89% | +20.59% | |
| 3Y Return (annualized) | -7.54% | +21.70% | |
| 5Y Return (annualized) | -4.92% | +12.87% | |
| Volatility (annualized) | 30.6% | 14.1% | |
| Max Drawdown | -84.4% | -34.3% | |
| Fund Family | Advisor Shares | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Jul 10, 2018 | Sep 7, 2010 |
DWSH vs VOO Performance
AdvisorShares Dorsey Wright Short ETF (DWSH) is a ETF from Advisor Shares and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year DWSH returned -13.89% while VOO returned +20.59%. Year to date, DWSH is down 15.76% versus a gain of 12.73% for VOO.
Over three years, DWSH compounded at -7.54% per year against +21.70% for VOO; over five years the annualized figures are -4.92% and +12.87% respectively. Across the full 8-year window we track, VOO has the edge at +13.47% annualized vs -14.87%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DWSH has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 14.1% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -84.4% for DWSH and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at -0.80. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DWSH charges 6.22% per year while VOO charges 0.03%. On a $10,000 position that is $622 vs $3 annually, a gap of $619 per year that compounds over a long holding period. On income, DWSH currently yields 6.98% against 1.08% for VOO.
Holdings Overlap
DWSH and VOO share 52 holdings out of 552 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DWSH or VOO?
DWSH has an expense ratio of 6.22% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $619 per year of difference.
Which performed better, DWSH or VOO?
Over the past year DWSH returned -13.89% vs +20.59% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (8 years), DWSH annualized -14.87% vs +13.47% for VOO. Past performance does not guarantee future results.
Which is riskier, DWSH or VOO?
DWSH has been the more volatile fund at 30.6% annualized versus 14.1% for VOO. Worst drawdown: DWSH -84.4% vs VOO -34.3%.
Should I hold both DWSH and VOO?
DWSH and VOO have a monthly-return correlation of -0.80, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DWSH and VOO?
DWSH and VOO share 52 common holdings with a 0.0% weight overlap. Combined, they hold 552 unique securities.
Which pays a higher dividend, DWSH or VOO?
DWSH yields 6.98% while VOO yields 1.08%, so DWSH currently pays the higher dividend yield.
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