DWSH vs QQQ
DWSH vs QQQ
AdvisorShares Dorsey Wright Short ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | DWSH | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 6.22% | 0.18% | |
| AUM | $6M | $455.8B | |
| Dividend Yield | 6.47% | 0.41% | |
| Holdings | 101 | 108 | |
| YTD Return | -12.97% | +16.83% | |
| 1Y Return | -17.28% | +26.58% | |
| 3Y Return (annualized) | -4.54% | +24.70% | |
| 5Y Return (annualized) | -4.40% | +14.88% | |
| Volatility (annualized) | 30.6% | 30.6% | |
| Max Drawdown | -84.0% | -83.0% | |
| Fund Family | Advisor Shares | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Jul 10, 2018 | Mar 10, 1999 |
DWSH vs QQQ Performance
AdvisorShares Dorsey Wright Short ETF (DWSH) is a ETF from Advisor Shares and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year DWSH returned -17.28% while QQQ returned +26.58%. Year to date, DWSH is down 12.97% versus a gain of 16.83% for QQQ.
Over three years, DWSH compounded at -4.54% per year against +24.70% for QQQ; over five years the annualized figures are -4.40% and +14.88% respectively. Across the full 8-year window we track, QQQ has the edge at +13.06% annualized vs -14.61%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 30.6% for DWSH. 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 -84.0% for DWSH and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at -0.66. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DWSH charges 6.22% per year while QQQ charges 0.18%. On a $10,000 position that is $622 vs $18 annually, a gap of $604 per year that compounds over a long holding period. On income, DWSH currently yields 6.47% against 0.41% for QQQ.
Holdings Overlap
DWSH and QQQ share 10 holdings out of 192 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in DWSH | Weight in QQQ | Difference |
|---|---|---|---|
| NFLX | -1.04% | 1.37% | 2.41% |
| ISRG | -1.05% | 0.64% | 1.69% |
| ADBE | -0.90% | 0.41% | 1.31% |
| INTU | Pro | Pro | Pro |
| CPRT | Pro | Pro | Pro |
| PAYX | Pro | Pro | Pro |
| ROP | Pro | Pro | Pro |
| ADSK | Pro | Pro | Pro |
| WDAY | Pro | Pro | Pro |
| PYPL | Pro | Pro | Pro |
See all 10 holdings DWSH shares with QQQ Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, DWSH or QQQ?
DWSH has an expense ratio of 6.22% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $604 per year of difference.
Which performed better, DWSH or QQQ?
Over the past year DWSH returned -17.28% vs +26.58% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (8 years), DWSH annualized -14.61% vs +13.06% for QQQ. Past performance does not guarantee future results.
Which is riskier, DWSH or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 30.6% for DWSH. Worst drawdown: DWSH -84.0% vs QQQ -83.0%.
Should I hold both DWSH and QQQ?
DWSH and QQQ have a monthly-return correlation of -0.66, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DWSH and QQQ?
DWSH and QQQ share 10 common holdings with a 0.0% weight overlap. Combined, they hold 192 unique securities.
Which pays a higher dividend, DWSH or QQQ?
DWSH yields 6.47% while QQQ yields 0.41%, so DWSH currently pays the higher dividend yield.
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