DWSH vs VYM
DWSH vs VYM
AdvisorShares Dorsey Wright Short ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | DWSH | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 6.22% | 0.04% | |
| AUM | $6M | $79.0B | |
| Dividend Yield | 6.47% | 2.86% | |
| Holdings | 101 | 568 | |
| YTD Return | -11.96% | +13.82% | |
| 1Y Return | -16.24% | +24.08% | |
| 3Y Return (annualized) | -4.29% | +17.72% | |
| 5Y Return (annualized) | -4.16% | +12.13% | |
| Volatility (annualized) | 30.6% | 14.6% | |
| Max Drawdown | -83.8% | -58.8% | |
| Fund Family | Advisor Shares | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Jul 10, 2018 | Nov 10, 2006 |
DWSH vs VYM Performance
AdvisorShares Dorsey Wright Short ETF (DWSH) is a ETF from Advisor Shares and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year DWSH returned -16.24% while VYM returned +24.08%. Year to date, DWSH is down 11.96% versus a gain of 13.82% for VYM.
Over three years, DWSH compounded at -4.29% per year against +17.72% for VYM; over five years the annualized figures are -4.16% and +12.13% respectively. Across the full 8-year window we track, VYM has the edge at +6.98% annualized vs -14.50%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DWSH has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 14.6% for VYM. 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 -83.8% for DWSH and -58.8% for VYM. 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 -0.84. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DWSH charges 6.22% per year while VYM charges 0.04%. On a $10,000 position that is $622 vs $4 annually, a gap of $618 per year that compounds over a long holding period. On income, DWSH currently yields 6.47% against 2.86% for VYM.
Holdings Overlap
DWSH and VYM share 27 holdings out of 630 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 VYM | Difference |
|---|---|---|---|
| ABT | -1.15% | 0.88% | 2.03% |
| 2345:TW | -1.11% | 0.57% | 1.68% |
| NKE | -0.90% | 0.32% | 1.22% |
| FIS | Pro | Pro | Pro |
| FMC | Pro | Pro | Pro |
| WEN | Pro | Pro | Pro |
| PAYX | Pro | Pro | Pro |
| LEN | Pro | Pro | Pro |
| MKC | Pro | Pro | Pro |
| FLO | Pro | Pro | Pro |
See all 10 holdings DWSH shares with VYM 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 VYM?
DWSH has an expense ratio of 6.22% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $618 per year of difference.
Which performed better, DWSH or VYM?
Over the past year DWSH returned -16.24% vs +24.08% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (8 years), DWSH annualized -14.50% vs +6.98% for VYM. Past performance does not guarantee future results.
Which is riskier, DWSH or VYM?
DWSH has been the more volatile fund at 30.6% annualized versus 14.6% for VYM. Worst drawdown: DWSH -83.8% vs VYM -58.8%.
Should I hold both DWSH and VYM?
DWSH and VYM have a monthly-return correlation of -0.84, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DWSH and VYM?
DWSH and VYM share 27 common holdings with a 0.0% weight overlap. Combined, they hold 630 unique securities.
Which pays a higher dividend, DWSH or VYM?
DWSH yields 6.47% while VYM yields 2.86%, so DWSH currently pays the higher dividend yield.
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