AdvisorShares Dorsey Wright Short (DWSH) Performance
DWSH total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −14.4% since Dec 31, 2025
- 1 year
- −13.2% total return
- 5 years
- −4.3% a year
- Since first price
- −14.4% a year since 2018
DWSH trailing returns vs SPY, QQQ, AGG
| Period | DWSH total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −6.1% | −6.1% | −1.0% | −5.0% | +0.9% |
| 3 months | −11.6% | −11.6% | +3.2% | +1.9% | −0.4% |
| 6 months | −13.8% | −13.8% | +7.8% | +8.4% | −1.5% |
| YTD | −14.4% | −14.4% | +12.3% | +15.1% | −1.0% |
| 1 year | −13.2% | −18.4% | +14.4% | +15.9% | −1.1% |
| 3 years | −30.3%−11.3%/yr | −44.0% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −19.7%−4.3%/yr | −35.5% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionJul 11, 2018 | −72.5%−14.4%/yr | −78.0% | — | — | — |
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: DWSH vs SPY
From Jul 11, 2018: DWSH grew to $2,750, SPY to $31,080.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
DWSH returns by calendar year
2 of 7 full years positive. Best 2022 (+17.5%), worst 2020 (−49.9%). 2026 is year to date.
DWSH annual returns table
| Year | DWSH | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −14.4% | −20.5% | +12.3% | +15.1% | −1.0% |
| 2025 | −2.6% | −26.4% | +17.7% | +20.8% | +7.2% |
| 2024 | +6.0% | −9.3% | +24.9% | +25.6% | +1.3% |
| 2023 | −22.0% | −23.8% | +26.2% | +54.9% | +5.7% |
| 2022 | +17.5% | −23.6% | −18.2% | −32.6% | −13.0% |
| 2021 | −25.7% | −27.1% | +28.7% | +27.4% | −1.8% |
| 2020 | −49.9% | −73.8% | +18.3% | +48.6% | +7.5% |
| 2019 | −25.3% | −25.4% | +31.2% | +39.0% | +8.5% |
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.
DWSH largest drawdowns
Now 84.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Mar 18, 2020 | −84.5% | Aug 28, 2026 | not yet | 6.4 years | 6.6 years so far |
| Dec 24, 2018 | −30.8% | Jan 16, 2020 | Mar 9, 2020 | 1.1 years | 1.2 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
DWSH risk statistics
| Statistic | 3 years | 5 years | Since 2018 |
|---|---|---|---|
| Annualized return | −6.3% | −3.0% | −13.5% |
| Volatility (annualized) | 20.2% | 24.1% | 30.9% |
| Sharpe ratio | -0.44 | -0.15 | -0.39 |
| Sortino ratio | -0.58 | -0.21 | -0.51 |
| Best month | +12.6% | +15.1% | +29.3% |
| Worst month | −13.4% | −17.5% | −30.6% |
| Best 12 months | +16.5% | +26.4% | +43.8% |
| Worst 12 months | −17.6% | −22.0% | −73.9% |
| Positive months | 39% | 48% | 45% |
| Beta vs S&P 500 | -0.96 | -1.15 | — |
| Correlation with S&P 500 | -0.59 | -0.75 | — |
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.
DWSH rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 88 | −73.9% | −7.3% | +43.8% | 30% |
| 3-year (a year) | 64 | −36.6% | −9.4% | +1.7% | 3% |
| 5-year (a year) | 40 | −24.4% | −18.3% | −1.8% | 0% |
Every holding period starting at a month-end since 2018. Returns for 3 years and longer are annualized.
DWSH performance overview
AdvisorShares Dorsey Wright Short (DWSH) returned −13.2% over the past year and −4.3% a year over five years, with distributions reinvested. Since its first recorded price in 2018 it has returned −14.4% a year, turning $10,000 into about $2,750. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −84.5%, from Mar 18, 2020 to Aug 28, 2026; the fund has not yet regained that high. DWSH finished 2 of its 7 full calendar years with a gain; the best year was 2022 (+17.5%) and the worst 2020 (−49.9%). Volatility has been 30.9% a year.
Related: DWSH chart, DWSH dividends. See the DWSH overview for the latest quote and fund facts.
DWSH performance FAQ
What is the DWSH return over the past year?
DWSH returned −13.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 18.4%.
What is the average annual return of DWSH?
DWSH has returned −4.3% a year over 5 years, −14.4% a year since July 11, 2018 (total return, distributions reinvested).
How much would $10,000 invested in DWSH be worth?
$10,000 invested in DWSH at its first recorded close on July 11, 2018 would be worth about $2,750 on October 23, 2026 with distributions reinvested.
What was the worst year for DWSH?
The worst calendar year was 2020, with a total return of −49.9%. The best was 2022 at +17.5%.
What is the biggest drawdown of DWSH?
The largest peak-to-trough decline was −84.5% between March 18, 2020 and August 28, 2026. It has not yet recovered to that high; it is 84.1% below its peak.
How volatile is DWSH?
Over the past 3 years DWSH had an annualized volatility of 20.2% and a Sharpe ratio of -0.44 (excess return over 1–3 month T-bills per unit of risk).