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DWAW · AdvisorShares Dorsey Wright FSM All Cap World ETF

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$48.58
+0.9% · 1 day, price
IQ’s readingComputed nightly from ETFIQ data. Not written live.

DWAW is actively managed and returned +12.6% over the past year.

Why did DWAW return +101.9% from Jan 2020 to Oct 2026, against ACWI’s +119.6%?Is a 1.19% fee low for a fund like DWAW?What does DWAW cost to hold and to trade?
Equity fund · Actively managedExpense ratio 1.19%Fund assets $88m on Nov 4, 2026First traded Dec 27, 2019Benchmark MSCI All Country World Index, measured by ACWI, which tracks the same indexFund page at the issuer ↗SEC filings ↗Dividend history

DWAW returned +12.6% over the year to Nov 4, 2026, charges 1.19% a year and holds $88m in net assets on Nov 4, 2026.

Promise check: Not measuredIt names no index it tracks.

Compare with…Trading costsPut to the committeeaskIQ about DWAWAdd to portfolioAlerts

DWAW risk and return scorecard

vs ACWI · Jan 2020 to Oct 2026 · 356 weekly returns · dividend-adjusted

6.8 years
DWAW +101.9%, ACWI +119.6%, Jan 2020 to Oct 2026, distributions reinvested.
Return
MeasureDWAWACWIEdge
Total return+101.9%+119.6%ACWI
Annualized+10.8%+12.2%ACWI
Price return+92.9%+96.6%ACWI (slight)
Risk
MeasureDWAWACWIEdge
Volatility21.0%18.1%ACWI
Max drawdown−31.6%−32.1%Tie
Upside capture104.9%100.0%DWAW (slight)
Downside capture103.9%100.0%ACWI (slight)
Risk-adjusted
MeasureDWAWACWIEdge
Sharpe ratio0.450.56ACWI
Sortino ratio0.650.81ACWI
Alpha vs ACWI
MeasureDWAWACWIEdge
Alpha, a year−1.0%Not significant
Alpha t-stat−0.29
Beta to ACWI1.041.00Higher beta

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data

What you earned

DWAW −2.6%, ACWI −1.6%: total return over one month to Nov 4, 2026.
DWAW−2.6%
ACWI−1.6%
DWAW −4.6%, ACWI −1.3%: total return over three months to Nov 4, 2026.
DWAW−4.6%
ACWI−1.3%
DWAW −0.9%, ACWI +2.6%: total return over six months to Nov 4, 2026.
DWAW−0.9%
ACWI+2.6%
DWAW +10.0%, ACWI +12.7%: total return over the year to Nov 4, 2026.
DWAW+10.0%
ACWI+12.7%
DWAW +12.6%, ACWI +15.0%: total return over one year to Nov 4, 2026.
DWAW+12.6%
ACWI+15.0%
DWAW +62.4%, ACWI +77.6%: total return over three years to Nov 4, 2026.
DWAW+62.4%
ACWI+77.6%
DWAW +30.1%, ACWI +61.6%: total return over five years to Nov 4, 2026.
DWAW+30.1%
ACWI+61.6%
DWAW +102.6%, ACWI +122.5%: total return since launch to Nov 4, 2026.
DWAW+102.6%
ACWI+122.5%
askIQ: why did DWAW return +12.6% over one year, against ACWI’s +15.0%? ↗

How concentrated, and what does it cost?

No index, actively managed
+12.6%
Total return, 1 year
Report
1.19%
Expense ratio
Report
5
Holdings
Report
−6.4%
Below its high
Report
0.8%
12-month yield, capital gains included, on its starting price
Report
$0.3368
Last payment (paid annually), ex-date Dec 22, 2025
Report
Sector mix
Cost against like funds
askIQ: is a 1.19% fee low for a fund like DWAW? ↗

More on DWAW

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Price, 1 year

$48.58+0.9%1 day, priceClose, Nov 4, 2026

Price only. Total return over the same days, distributions reinvested, was +12.6%. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Nov 4, 2026. Updated every trading night. Report a data error

Points (pts) are percentage points.

DWAW returns by window: total return, cash paid and price change
WindowTotal returnBenchmark (ACWI)Gap to ACWIS&P 500 (SPY)
1M Oct 5 – Nov 4, 2026−2.6%−1.6%−1.0 pts−1.0%
3M Aug 5 – Nov 4, 2026−4.6%−1.3%−3.3 pts−0.1%
6M May 6 – Nov 4, 2026−0.9%+2.6%−3.5 pts+5.0%
YTD Dec 31, 2025 – Nov 4, 2026+10.0%+12.7%−2.7 pts+13.3%
1Y Nov 4, 2025 – Nov 4, 2026+12.6%+15.0%−2.4 pts+14.8%
3Y Nov 3, 2023 – Nov 4, 2026+62.4%+77.6%−15.2 pts+82.9%
5Y Nov 5, 2021 – Nov 4, 2026+30.1%+61.6%−31.5 pts+75.0%
Since launch Dec 27, 2019 – Nov 4, 2026+102.6%+122.5%−19.9 pts+161.4%
Since launch, annualised Dec 27, 2019 – Nov 4, 2026+10.8%–––

Total returns, distributions reinvested.

Source: Tiingo end-of-day prices, with distributions reinvested.

DWAW key stats

52-week high, daily closes to Nov 4, 2026 (ETFIQ)$51.92 on Jun 22, 2026
52-week low, daily closes to Nov 4, 2026 (ETFIQ)$41.45 on Mar 30, 2026
Close on Nov 4, 2026, within that range (ETFIQ)$48.58, 68% of the way from the low to the high
Beta to its benchmark, 1 year (ETFIQ)1.12, against ACWI
R-squared, the same days (ETFIQ)0.87
Beta and R-squared measured over251 daily total returns, Nov 5, 2025 to Nov 4, 2026
Holdings5
Top ten weight99.0%
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

Trading

as of Nov 4, 2026
Trading · DWAWas of Nov 4, 2026
·
Not scored2 of 6 measured · Nov 4, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, half its 30-day median spread
Premium or discount to NAV, Oct 30 close−0.02%
−0.1%95% of days within ±0.02% · the 1% band is off this scale+0.1%
One dealer
How to tradeSpread not read.
Full trading page: components, premium history, dealers →

DWAW for holders outside the US

US tax withheld on dividends, no treaty30%
Treaty rates on dividends (IRS table, read Oct 30, 2026)65 countries, 10% to 30%
DWAW interest-related and short-term gain dividendsnot read by ETFIQ
US estate tax filing threshold, non-resident holders$60,000
Share classDistributing

DWAW is a US fund. Stock of US corporations counts as US property for a non-resident's estate. Facts from the IRS, not tax advice. How withholding and treaties work

About DWAW

What it tracksNo index, actively managed
Fund typeEquity fund
Category (ETFIQ)Stocks · Global large-cap blend
Expense ratio (485BPOS XBRL, Oct 28, 2026)1.19%
Price$48.58
First tradedDec 27, 2019
Net assets (issuer page, as of Nov 4, 2026)$88mReport
Benchmark (ETFIQ, from its filings)MSCI All Country World Index, measured by ACWI, which tracks the same index
Benchmark named inits shareholder report, N-CSR, Sep 1, 2026
DWAW, 1 year to Nov 4, 2026+12.6%
ACWI, the same days+15.0%
Against its benchmark, 1 year (ETFIQ)−2.4 pts
Below its high (ETFIQ)−6.4%
Holdings5
Top ten weight99.0%
Cash, not in the top ten1.0%
Holdings as of (SEC N-PORT)Jun 30, 2026
Already in the S&P 500, by weight (ETFIQ)0.0%
Active share vs the S&P 500 (ETFIQ)100.0%
Already in the Nasdaq-100, by weight (ETFIQ)0.0%
IQ Investment Committee on DWAW

12 seats on DWAW, as of Nov 4, 2026: 2 Mixed, 2 Challenges, 7 Not enough data, 1 Does not apply.

In the tradition ofJohn BogleBogle-style Low CostMixed
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyDoes not apply
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityNot enough data
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceNot enough data
In the tradition ofJohn TempletonTempleton-style Global ContrarianNot enough data
In the tradition ofRay DalioDalio-style All-WeatherNot enough data
In the tradition ofHoward MarksMarks-style Cycles & RiskNot enough data
In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityChallenges
In the tradition ofDavid SwensenSwensen-style DiversificationNot enough data
In the tradition ofCathie WoodWood-style Disruptive InnovationNot enough data
In the tradition ofJesse LivermoreLivermore-style Trend FollowingMixed
Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatChallenges
Put DWAW to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about DWAW

How has DWAW performed?
Over the year to Nov 4, 2026, DWAW returned +12.6% with distributions reinvested, against +15.0% for its benchmark, the MSCI All Country World Index. Over three years the number is +62.4%.
What does DWAW cost?
The prospectus expense ratio is 1.19% a year.
What does DWAW hold?
5 positions as filed for Jun 30, 2026, with the top ten at 99.0% of the fund. 0% of its weight is in stocks the S&P 500 also holds.
How far is DWAW below its high?
6.4% below its high of Jun 22, 2026, measured on the reinvested series to Nov 4, 2026.
Sources and dates
Prices, DWAW, Benchmark (ACWI) and S&P 500 (SPY)Tiingo end-of-day · Nov 4, 2026
Fee, 1.19%Prospectus filing with the expense ratio (SEC) ↗
Net assets, $88mIssuer page · Nov 4, 2026
SourceHoldings filing (SEC Form N-PORT) ↗
IssuerAdvisorShares page for DWAW ↗
All fund filingsFund filings on SEC EDGAR ↗
AdvisorShares’s own site ↗

Links are sources, not endorsements.

Method →Standards and sources →Open data →
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ETFIQ, DWAW, stock fund, data as of Nov 4, 2026. https://etfiq.com/funds/dwaw

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

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DWAW: DWAW over 1 year: total return +12.6%, its benchmark MSCI All Country World Index through ACWI +15.0%, −2.4 pts. Data to Nov 4, 2026.
<figure style="margin:0;max-width:640px">
<iframe src="https://etfiq.com/embed/core/dwaw/" title="DWAW: DWAW over 1 year: total return +12.6%, its benchmark MSCI All Country World Index through ACWI +15.0%, −2.4 pts. Data to Nov 4, 2026." width="640" height="370" loading="lazy" style="border:0;max-width:100%;width:100%"></iframe>
<figcaption style="font:13px/1.5 sans-serif">DWAW: DWAW over 1 year: total return +12.6%, its benchmark MSCI All Country World Index through ACWI +15.0%, −2.4 pts. Data to Nov 4, 2026. Data: <a href="https://etfiq.com/funds/dwaw">ETFIQ</a></figcaption>
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