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- Upturn Summary
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Upturn AI Summary
AdvisorShares Dorsey Wright FSM All Cap World ETF(DWAW)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for DWAW
11/06/2026: DWAW (2-star) is currently NOT-A-BUY. Pass it for now.
DWAW provides active, momentum-based global equity exposure by using a proprietary relative strength methodology to select leading securities across all capitalizations. Its primary strength lies in its disciplined, systematic approach which aims to identify and capture positive market trends globally. The fund is best suited as a satellite component for investors seeking to outperform the broad market, though it carries risks related to its higher expense ratio, potential for style drift, and the inherent volatility of momentum investing. Investors should monitor market leadership trends closely, as the strategy thrives when trends are strong but may face challenges during periods of mean reversion.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | The momentum-based selection process naturally favors stocks with high growth potential and price appreciation. |
| Momentum investor | Strong fit while signal remains positive | This fund is specifically engineered to harvest momentum factors across global markets. |
| Value investor | Weak fit | Momentum strategies often ignore valuation, which may lead to exposure in overvalued securities. |
| Dividend/Income investor | Weak fit | The fund prioritizes price trends over yield or income generation. |
| Low-risk investor | Weak fit | The active, momentum-based nature of the fund can lead to higher volatility and sector concentration. |
Investor Profile
Ideal Investor Profile
The ideal investor is an intermediate to advanced market participant who believes in momentum as an investment factor and seeks active, systematic global equity exposure.
Suitability
It is best suited for long-term investors willing to tolerate the volatility of an active strategy, rather than passive index trackers or day traders.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | Medium / high | Momentum strategies can experience sharp drawdowns when market trends reverse abruptly. |
| Market risk | High | As a global equity fund, it is fully exposed to systemic market declines. |
| Concentration | Medium | The strategy may occasionally concentrate capital in specific sectors or regions showing strong momentum. |
| Tracking/expense | Medium | The higher expense ratio and active management style create a hurdle for outperforming lower-cost passive alternatives. |
| Liquidity | Medium | Lower trading volume can make it costlier to enter or exit large positions during market stress. |
| Business/sector quality | Medium | The fund relies on momentum, which does not always correlate with high-quality or fundamentally sound companies. |
Risk Analysis
Volatility
DWAW exhibits higher volatility due to its active management and momentum mandate, which may result in sharper drawdowns during market corrections.
Market Risk
The fund is subject to full equity market risk; changes in global economic conditions or geopolitical stability will directly impact the underlying security prices.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Geography | United States Equities | 65 | The portfolio maintains a significant tilt toward U.S. markets where momentum signals are historically strong. |
| Geography | International Developed Markets | 25 | Exposure to developed international markets allows the fund to capture momentum-based opportunities outside of the U.S. |
| Geography | Emerging Markets | 8 | A small allocation provides potential for growth in higher-beta, momentum-leading emerging market equities. |
| Cash/collateral | Cash and Cash Equivalents | 2 | Residual cash is held for operational liquidity and trade execution purposes. |
Analysis of Past Performance
Type ETF | Historic Profit 28.06% | Avg. Invested days 74 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  4.0 | ETF Returns Performance  4.0 |
| Profits based on simulation | Last Close 11/06/2026 |
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