AdvisorShares Dorsey Wright FSM All Cap World… (DWAW) Performance
DWAW total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +10.5% since Dec 31, 2025
- 1 year
- +12.6% total return
- 5 years
- +6.2% a year
- Since first price
- +11.0% a year since 2019
DWAW trailing returns vs SPY, QQQ, AGG
| Period | DWAW total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −2.0% | −2.0% | −1.0% | −5.0% | +0.9% |
| 3 months | −2.5% | −2.5% | +3.2% | +1.9% | −0.4% |
| 6 months | +5.5% | +5.5% | +7.8% | +8.4% | −1.5% |
| YTD | +10.5% | +10.5% | +12.3% | +15.1% | −1.0% |
| 1 year | +12.6% | +11.7% | +14.4% | +15.9% | −1.1% |
| 3 years | +68.4%+19.0%/yr | +64.4% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +35.3%+6.2%/yr | +29.4% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionDec 27, 2019 | +103.7%+11.0%/yr | +94.5% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: DWAW vs SPY
From Dec 27, 2019: DWAW grew to $20,367, SPY to $25,888.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
DWAW returns by calendar year
5 of 6 full years positive. Best 2020 (+48.9%), worst 2022 (−17.8%). 2026 is year to date.
DWAW annual returns table
| Year | DWAW | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +10.5% | −11.6% | +12.3% | +15.1% | −1.0% |
| 2025 | +10.9% | −22.8% | +17.7% | +20.8% | +7.2% |
| 2024 | +18.5% | −13.1% | +24.9% | +25.6% | +1.3% |
| 2023 | +11.2% | −17.2% | +26.2% | +54.9% | +5.7% |
| 2022 | −17.8% | −25.9% | −18.2% | −32.6% | −13.0% |
| 2021 | +3.5% | −16.0% | +28.7% | +27.4% | −1.8% |
| 2020 | +48.9% | −29.0% | +18.3% | +48.6% | +7.5% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
DWAW largest drawdowns
Now 5.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 12, 2021 | −31.6% | Sep 30, 2022 | Jul 5, 2024 | 1.6 years | 3.4 years |
| Feb 20, 2020 | −29.0% | Mar 23, 2020 | Jun 5, 2020 | 32 days | 3 months |
| Dec 6, 2024 | −22.9% | Apr 8, 2025 | Aug 12, 2025 | 4 months | 8 months |
| Jul 10, 2024 | −13.1% | Aug 7, 2024 | Nov 7, 2024 | 28 days | 4 months |
| Feb 25, 2026 | −11.6% | Mar 30, 2026 | Apr 17, 2026 | 33 days | 51 days |
| Sep 2, 2020 | −10.6% | Sep 23, 2020 | Oct 13, 2020 | 21 days | 41 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
DWAW risk statistics
| Statistic | 3 years | 5 years | Since 2019 |
|---|---|---|---|
| Annualized return | +19.1% | +7.9% | +11.5% |
| Volatility (annualized) | 15.9% | 17.9% | 18.7% |
| Sharpe ratio | 0.91 | 0.32 | 0.53 |
| Sortino ratio | 1.62 | 0.48 | 0.89 |
| Best month | +10.8% | +10.9% | +14.0% |
| Worst month | −7.8% | −11.3% | −11.3% |
| Best 12 months | +35.5% | +35.5% | +65.9% |
| Worst 12 months | −0.1% | −20.1% | −20.1% |
| Positive months | 67% | 60% | 59% |
| Beta vs S&P 500 | 1.19 | 1.03 | — |
| Correlation with S&P 500 | 0.93 | 0.90 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
DWAW rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 71 | −20.1% | +10.9% | +65.9% | 73% |
| 3-year (a year) | 47 | −2.1% | +8.0% | +20.0% | 85% |
| 5-year (a year) | 23 | +4.1% | +7.4% | +11.8% | 100% |
Every holding period starting at a month-end since 2019. Returns for 3 years and longer are annualized.
DWAW performance overview
AdvisorShares Dorsey Wright FSM All Cap World… (DWAW) returned +12.6% over the past year and +6.2% a year over five years, with distributions reinvested. Since its first recorded price in 2019 it has returned +11.0% a year, turning $10,000 into about $20,367. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −31.6%, from Feb 12, 2021 to Sep 30, 2022, and it took 1.8 years to get back to the old high. DWAW finished 5 of its 6 full calendar years with a gain; the best year was 2020 (+48.9%) and the worst 2022 (−17.8%). Volatility has been 18.7% a year.
Related: DWAW chart, DWAW dividends. See the DWAW overview for the latest quote and fund facts.
DWAW performance FAQ
What is the DWAW return over the past year?
DWAW returned +12.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 11.7%.
What is the average annual return of DWAW?
DWAW has returned +6.2% a year over 5 years, +11.0% a year since December 27, 2019 (total return, distributions reinvested).
How much would $10,000 invested in DWAW be worth?
$10,000 invested in DWAW at its first recorded close on December 27, 2019 would be worth about $20,367 on October 23, 2026 with distributions reinvested.
What was the worst year for DWAW?
The worst calendar year was 2022, with a total return of −17.8%. The best was 2020 at +48.9%.
What is the biggest drawdown of DWAW?
The largest peak-to-trough decline was −31.6% between February 12, 2021 and September 30, 2022. It recovered to the old high on July 5, 2024, 1.8 years after the bottom.
How volatile is DWAW?
Over the past 3 years DWAW had an annualized volatility of 15.9% and a Sharpe ratio of 0.91 (excess return over 1–3 month T-bills per unit of risk).