DWAW ETF — AdvisorShares Dorsey Wright FSM All Cap World ETF

AdvisorShares Dorsey Wright FSM All Cap World ETF (DWAW)

Updated October 16, 2026.

DWAW is an ETF. its distribution rate is 0.34%, its trailing-12-month yield is 0.68%, its expense ratio is 1.23%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 105.3% over the past 6.8 years, 54.7 points behind SPY at 160.0%.

AdvisorShares Dorsey Wright FSM All Cap World is an actively managed ETF that invests primarily in other ETFs holding domestic and foreign equities across all market capitalizations, including emerging markets, alongside defensive investments in short-duration fixed income ETFs, money market funds, and cash. The fund does not maintain a regular distribution schedule, though it has made special distributions; its expense ratio is 1.23%. It may appeal to investors seeking diversified global equity exposure through a fund-of-funds structure with tactical defensive positioning.

DWAW performance versus SPY

Price and return data through 2026-10-16.

Total return is 105.3% over the past 6.8 years, 54.7 points behind SPY at 160.0%. Over the past year its total return — price change plus distributions reinvested — is 14.4%. Its deepest 1-year drawdown was 11.6%.

DWAW key facts

Distribution Safety Score™

50 · Unproven

Issuer

AdvisorShares

Asset type

ETF

Asset class

Equity

Inception date

12/26/2019

Expense ratio

1.23%

Distribution rate

0.34%

Distribution frequency

Annual

Trailing yield

0.68%

Last close

$49.22 (as of 2026-10-16)

AUM

$90,939,573

Average volume

6361.0

Dividend

$0.337

Ex-dividend date

12/22/2025

Payment date

12/29/2025

Beta

1.19

How Dividend Vision calculates yield and returns

Distribution rate (0.34%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (0.68%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

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

DWAW's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. 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.

More on DWAW

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Frequently asked questions

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