DWSH vs SSO
AdvisorShares Dorsey Wright Short ETF vs ProShares Ultra S&P500
Which is better, DWSH or SSO?
Opposite sides of the same exposure.
SSO has a lower expense ratio. SSO led over 1Y, 3Y, 5Y and the full window. The two move opposite each other, correlation -0.81, so holding both offsets the exposure while paying both fees.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | DWSH | SSO |
|---|---|---|
| Expense Ratio | 6.22% | 0.84%Best |
| AUM | $11M | $9.2B |
| Dividend Yield | 6.68% | 0.69% |
| Holdings | 101 | 521 |
| YTD Return | -8.24% | +21.98%Best |
| 1Y Return | -8.93% | +28.56%Best |
| 3Y Return (annualized) | -7.86% | +37.60%Best |
| 5Y Return (annualized) | -3.01% | +17.88%Best |
| Volatility (annualized) | 30.7%Best | 33.8% |
| Max Drawdown | -84.5% | -59.3%Best |
| $10,000 over 5 years | $8,583 | $22,761Best |
| Fund Family | Advisor Shares | ProShares |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Jul 10, 2018 | Jun 19, 2006 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jul 11, 2018 to Oct 14, 2026 (8.3 years).
DWSH vs SSO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 8.3 years both funds cover.
DWSH vs SSO Performance
AdvisorShares Dorsey Wright Short ETF (DWSH) is an ETF from Advisor Shares and ProShares Ultra S&P500 (SSO) is an ETF from ProShares. Over the past year DWSH returned -8.93% while SSO returned +28.56%. Year to date, DWSH is down 8.24% versus a gain of 21.98% for SSO.
Over three years, DWSH compounded at -7.86% per year against +37.60% for SSO; over five years the annualized figures are -3.01% and +17.88% respectively. Across the full 8-year window we track, SSO has the edge at +21.54% annualized vs -13.75%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SSO has been the more volatile fund, with annualized monthly volatility of 33.8% compared with 30.7% 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 -84.5% for DWSH and -59.3% for SSO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.81. They move opposite each other. Holding both offsets the exposure rather than spreading it, while paying both funds' fees.
Fees and Cost Over Time
DWSH charges 6.22% per year while SSO charges 0.84%. On a $10,000 position that is $622 vs $84 annually, a gap of $538 per year that compounds over a long holding period. On income, DWSH currently yields 6.68% against 0.69% for SSO.
Holdings Overlap
We hold position weights for 99 holdings in DWSH and 504 in SSO, totalling 0.0% and 82.2% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 49 positions appear in both.
49 positions in common, counted across the 99 positions we hold weights for in DWSH and 504 in SSO, against full books of 101 and 521.
Top Shared Holdings
| Stock | Weight in DWSH | Weight in SSO | Difference |
|---|---|---|---|
| ORCLOracle Corp Common | -0.66% | 0.25% | 0.91% |
| NFLXNetflix, Inc., Long Equities | -0.70% | 0.28% | 0.98% |
| CMGChipotle Mexican Grill Inc. Class A | -0.47% | 0.04% | 0.51% |
| BSXBoston Scientific Corp. | -0.52% | 0.06% | 0.58% |
| AREAlexandria Real Estate Equities | -0.48% | 0.01% | 0.49% |
| CHTRCharter Communications Inc Cl A | -0.49% | 0.01% | 0.50% |
| EFXEquifax Inc. | -0.50% | 0.02% | 0.52% |
| LENLennar Corp A | -0.50% | 0.02% | 0.52% |
| ZTSZoetis Inc . | -0.52% | 0.03% | 0.55% |
| FICOFair Isaac Corp. | -0.51% | 0.01% | 0.52% |
You are not choosing between two funds in isolation.
Whichever of DWSH and SSO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DWSH or SSO?
DWSH has an expense ratio of 6.22% while SSO charges 0.84%. SSO is the cheaper option, by $538 a year on a $10,000 investment.
Which performed better, DWSH or SSO?
Over the past year DWSH returned -8.93% vs +28.56% for SSO, so SSO leads on 1-year performance. Over the longest common window we track (8 years), DWSH annualized -13.75% vs +21.54% for SSO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DWSH or SSO?
SSO has been the more volatile fund at 33.8% annualized versus 30.7% for DWSH. Worst drawdown: DWSH -84.5% vs SSO -59.3%.
Should I hold both DWSH and SSO?
DWSH and SSO have a monthly-return correlation of -0.81, so they move opposite each other. Holding both offsets the exposure rather than spreading it, and pays both funds' fees on the way. This is information, not a recommendation.
Which pays a higher dividend, DWSH or SSO?
DWSH yields 6.68% while SSO yields 0.69%, so DWSH currently pays the higher dividend yield.
Is SSO better than DWSH?
SSO has a lower expense ratio. SSO led over 1Y, 3Y, 5Y and the full window. The two move opposite each other, correlation -0.81, so holding both offsets the exposure while paying both fees. Which one suits a particular account depends on what it is for. This is information, not a recommendation.