DWAW ETF — AdvisorShares Dorsey Wright FSM All Cap World ETF

AdvisorShares Dorsey Wright FSM All Cap World ETF (DWAW)

DWAW is an ETF. As of August 17, 2026, its trailing-12-month yield is 0.65%, its expense ratio is 1.23%. Dividend Vision Distribution Safety Score™ is 50/100 (Caution). Total return is 115.6% over the past 6.6 years, 48.2 points behind SPY at 163.8%.

AdvisorShares Dorsey Wright FSM All Cap World ETF is an actively managed fund of funds that invests in a diversified mix of equity ETFs spanning domestic and foreign markets across all capitalizations, including emerging markets, alongside defensive investments in short-duration fixed income ETFs and cash equivalents. The fund distributes annually at a modest yield and carries an expense ratio of 1.23%. It appeals to investors seeking diversified global equity exposure with some defensive positioning, managed through a multi-ETF structure.

DWAW performance versus SPY

Data as of August 17, 2026.

Total return is 115.6% over the past 6.6 years, 48.2 points behind SPY at 163.8%. Its deepest 1-year drawdown was 11.6%.

DWAW key facts

Data as of August 17, 2026.

Distribution Safety Score™

50 · Caution

Issuer

AdvisorShares

Asset type

ETF

Asset class

Equity

Inception date

12/26/2019

Expense ratio

1.23%

Distribution frequency

Annual

Trailing yield

0.65%

Last close

$51.70

AUM

$94,964,472

Average volume

568.0

Ex-dividend date

12/22/2025

Payment date

12/29/2025

Beta

1.17

P/E ratio

19.108

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (0.65%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. Figures below use Dividend Vision data as of August 17, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 17, 2026.

Primary sources: AdvisorShares; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

DWAW risks and drawbacks

Payments are annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 11.6%.

Who may consider DWAW — and who may not

It is a weaker fit for investors who need monthly cash flow (DWAW pays annual); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

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