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AdvisorShares Dorsey Wright FSM All Cap World ETF (DWAW)



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Upturn Advisory Summary
08/14/2025: DWAW (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type ETF | Historic Profit 17.82% | Avg. Invested days 52 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | ETF Returns Performance ![]() |
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Key Highlights
Volume (30-day avg) - | Beta 1.06 | 52 Weeks Range 32.66 - 42.54 | Updated Date 06/30/2025 |
52 Weeks Range 32.66 - 42.54 | Updated Date 06/30/2025 |
Upturn AI SWOT
AdvisorShares Dorsey Wright FSM All Cap World ETF
ETF Overview
Overview
The AdvisorShares Dorsey Wright FSM All Cap World ETF (DWAC) is an actively managed ETF that seeks capital appreciation by investing in global equities, utilizing a relative strength-based methodology.
Reputation and Reliability
AdvisorShares is known for its actively managed ETFs, offering unique strategies. Their reliability is generally considered moderate, dependent on the success of their active management.
Management Expertise
Dorsey Wright & Associates provides the sub-advisory role, bringing expertise in relative strength investing.
Investment Objective
Goal
To seek capital appreciation by employing a relative strength-based methodology to invest in global equities.
Investment Approach and Strategy
Strategy: The ETF does not track a specific index. It uses a proprietary relative strength strategy developed by Dorsey Wright & Associates.
Composition Primarily invests in global equities across all market capitalizations. Sector allocation varies based on the relative strength analysis.
Market Position
Market Share: DWAC's market share in the global equity ETF space is relatively small.
Total Net Assets (AUM): 31857144
Competitors
Key Competitors
- ACWI
- VT
- URTH
Competitive Landscape
The global equity ETF market is highly competitive, dominated by large, passively managed funds. DWAC differentiates itself through its active, relative strength-based approach, which may offer potential outperformance but also carries higher risk and fees compared to passive strategies. The advantage of DWAC is active management, while the disadvantage is higher expense ratios.
Financial Performance
Historical Performance: Historical performance data needs to be gathered to accurately reflect ETF performance over various time horizons. Return data would be structured numerically for graphing.
Benchmark Comparison: Benchmark comparisons need to be conducted against relevant global equity benchmarks (e.g., MSCI ACWI) to assess DWAC's performance. Data would be structured numerically.
Expense Ratio: 0.98
Liquidity
Average Trading Volume
The ETF exhibits moderate trading volume, reflecting its size and investor interest.
Bid-Ask Spread
The bid-ask spread is influenced by trading volume and can fluctuate depending on market conditions; historical data would be required to calculate.
Market Dynamics
Market Environment Factors
Economic indicators, global equity market trends, and investor sentiment all impact DWAC. The active management strategy makes it sensitive to relative strength shifts across sectors and regions.
Growth Trajectory
Growth trends depend on the ETF's ability to deliver outperformance relative to its benchmark through its active strategy. Changes in the investment strategy and holdings reflect active management decisions.
Moat and Competitive Advantages
Competitive Edge
DWAC's competitive edge lies in its active, relative strength-based investment strategy, differentiated from passive, index-tracking funds. This strategy offers the potential to outperform during periods of strong market trends. However, it is subject to the skill and expertise of the sub-advisor. This active approach may appeal to investors seeking alpha and willing to pay a higher expense ratio.
Risk Analysis
Volatility
Volatility depends on the ETF's holdings and market conditions; historical data would be required to calculate. Active management can potentially increase or decrease volatility relative to passive benchmarks.
Market Risk
DWAC is subject to market risk inherent in equity investments, as well as the risks associated with active management and potential for underperformance compared to passive benchmarks.
Investor Profile
Ideal Investor Profile
The ideal investor is seeking capital appreciation, comfortable with active management, and has a moderate to high risk tolerance. Investors should understand and be willing to accept the higher expense ratio and potential for underperformance relative to passive alternatives.
Market Risk
DWAC may be suitable for long-term investors seeking diversification and potential outperformance, but should not be the sole holding due to its active management and higher risk/expense profile.
Summary
The AdvisorShares Dorsey Wright FSM All Cap World ETF offers a actively-managed strategy that focuses on capital appreciation through global equity investments, differentiated by a relative strength-based approach. This active management introduces the potential for outperformance, but at a higher cost and risk. While it is a small player in the global equity ETF landscape, it might appeal to investors seeking active management. However, investors should consider the expense ratio and trading volume.
Peer Comparison
Sources and Disclaimers
Data Sources:
- AdvisorShares Website
- ETF.com
- Morningstar
Disclaimers:
Data is based on available information and may not be exhaustive. Past performance is not indicative of future results. Investment decisions should be made with the advice of a qualified financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About AdvisorShares Dorsey Wright FSM All Cap World ETF
Exchange NASDAQ | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website |
The fund is an actively managed exchange-traded fund (ETF) that is primarily a fund of funds. The Advisor seeks to achieve it's investment objective by investing in ETFs that invest primarily in domestic and foreign equity securities of any capitalization, including in emerging markets. The fund invests in fixed income ETFs with a short or ultra-short duration, money market funds, cash and cash equivalents (Defensive Investments). It may invest in affiliated and unaffiliated ETFs.

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