DWSH vs VYM
AdvisorShares Dorsey Wright Short ETF vs Vanguard High Dividend Yield ETF
Which is better, DWSH or VYM?
Opposite sides of the same exposure.
VYM has a lower expense ratio. VYM led over 1Y, 3Y, 5Y and the full window. The two move opposite each other, correlation -0.84, so holding both offsets the exposure while paying both fees.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | DWSH | VYM |
|---|---|---|
| Expense Ratio | 6.22% | 0.04%Best |
| AUM | $6M | $81.6B |
| Dividend Yield | 6.98% | 2.22% |
| Holdings | 101 | 613 |
| YTD Return | -11.02% | +11.71%Best |
| 1Y Return | -9.18% | +16.24%Best |
| 3Y Return (annualized) | -6.88% | +17.24%Best |
| 5Y Return (annualized) | -4.00% | +11.86%Best |
| Volatility (annualized) | 30.6% | 15.4%Best |
| Max Drawdown | -84.5% | -35.7%Best |
| $10,000 over 5 years | $8,154 | $17,514Best |
| Fund Family | Advisor Shares | Vanguard (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Value |
| Inception | Jul 10, 2018 | Nov 10, 2006 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jul 11, 2018 to Sep 16, 2026 (8.2 years).
DWSH vs VYM growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 8.2 years both funds cover.
DWSH vs VYM Performance
AdvisorShares Dorsey Wright Short ETF (DWSH) is an ETF from Advisor Shares and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year DWSH returned -9.18% while VYM returned +16.24%. Year to date, DWSH is down 11.02% versus a gain of 11.71% for VYM.
Over three years, DWSH compounded at -6.88% per year against +17.24% for VYM; over five years the annualized figures are -4.00% and +11.86% respectively. Across the full 8-year window we track, VYM has the edge at +10.23% annualized vs -14.19%.
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 15.4% for VYM. 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 -84.5% for DWSH and -35.7% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.84. They move opposite each other. Holding both offsets the exposure rather than spreading it, while paying both funds' fees.
Fees and Cost Over Time
DWSH charges 6.22% per year while VYM charges 0.04%. On a $10,000 position that is $622 vs $4 annually, a gap of $618 per year that compounds over a long holding period. On income, DWSH currently yields 6.98% against 2.22% for VYM.
Holdings Overlap
At least 2.8% of VYM's money is in holdings DWSH also owns.
Stated as a floor: for DWSH, our book for it covers 0.0% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
They hold the same names on opposite sides, so owning both offsets the exposure rather than doubling it.
33 positions in common, counted across the 99 positions we hold weights for in DWSH and 557 in VYM, against full books of 101 and 613.
Top Shared Holdings
| Stock | Weight in DWSH | Weight in VYM | Difference |
|---|---|---|---|
| ORCLOracle Corp - Common | -1.06% | 0.90% | 1.96% |
| ZTSZoetis Inc, Class A | -0.79% | 0.13% | 0.92% |
| CMCSAComcast Corp-class A Cmcsa | -1.05% | 0.34% | 1.39% |
| LENLennar Corp. Class A | -0.80% | 0.07% | 0.87% |
| CPBCampbell Soup Co. | -0.79% | 0.02% | 0.81% |
| THOThor Industries | -0.79% | 0.02% | 0.81% |
| MMSMaximus | -0.80% | 0.01% | 0.81% |
| NKENike Inc | -1.00% | 0.20% | 1.20% |
| BRBroadridge Financial Solutions, Inc. | -0.88% | 0.07% | 0.95% |
| FLOFlowers Foods Inc | -0.83% | 0.01% | 0.84% |
You are not choosing between two funds in isolation.
Whichever of DWSH and VYM you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DWSH or VYM?
DWSH has an expense ratio of 6.22% while VYM charges 0.04%. VYM is the cheaper option, by $618 a year on a $10,000 investment.
Which performed better, DWSH or VYM?
Over the past year DWSH returned -9.18% vs +16.24% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (8 years), DWSH annualized -14.19% vs +10.23% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DWSH or VYM?
DWSH has been the more volatile fund at 30.6% annualized versus 15.4% for VYM. Worst drawdown: DWSH -84.5% vs VYM -35.7%.
Should I hold both DWSH and VYM?
DWSH and VYM have a monthly-return correlation of -0.84, so they move opposite each other. Holding both offsets the exposure rather than spreading it, and pays both funds' fees on the way. This is information, not a recommendation.
What is the holdings overlap between DWSH and VYM?
At least 2.8% of VYM's money is in holdings DWSH also owns. Our book for DWSH is partial, so the real figure is this or higher. They hold 33 positions in common, counted across the 99 positions we hold weights for in DWSH and 557 in VYM.
Which pays a higher dividend, DWSH or VYM?
DWSH yields 6.98% while VYM yields 2.22%, so DWSH currently pays the higher dividend yield.
Is VYM better than DWSH?
VYM has a lower expense ratio. VYM led over 1Y, 3Y, 5Y and the full window. The two move opposite each other, correlation -0.84, so holding both offsets the exposure while paying both fees. Which one suits a particular account depends on what it is for. This is information, not a recommendation.