DWSH vs UPRO
AdvisorShares Dorsey Wright Short ETF vs ProShares UltraPro S&P 500
Which is better, DWSH or UPRO?
Opposite sides of the same exposure.
UPRO has a lower expense ratio. UPRO 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 | UPRO |
|---|---|---|
| Expense Ratio | 6.22% | 0.88%Best |
| AUM | $11M | $5.7B |
| Dividend Yield | 6.68% | 0.77% |
| Holdings | 101 | 520 |
| YTD Return | -8.24% | +29.25%Best |
| 1Y Return | -8.93% | +38.25%Best |
| 3Y Return (annualized) | -7.86% | +51.43%Best |
| 5Y Return (annualized) | -3.01% | +19.36%Best |
| Volatility (annualized) | 30.7%Best | 51.3% |
| Max Drawdown | -84.5% | -76.8%Best |
| $10,000 over 5 years | $8,583 | $24,227Best |
| Fund Family | Advisor Shares | ProShares |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Jul 10, 2018 | Jun 23, 2009 |
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 UPRO 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 UPRO Performance
AdvisorShares Dorsey Wright Short ETF (DWSH) is an ETF from Advisor Shares and ProShares UltraPro S&P 500 (UPRO) is an ETF from ProShares. Over the past year DWSH returned -8.93% while UPRO returned +38.25%. Year to date, DWSH is down 8.24% versus a gain of 29.25% for UPRO.
Over three years, DWSH compounded at -7.86% per year against +51.43% for UPRO; over five years the annualized figures are -3.01% and +19.36% respectively. Across the full 8-year window we track, UPRO has the edge at +24.40% annualized vs -13.75%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
UPRO has been the more volatile fund, with annualized monthly volatility of 51.3% 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 -76.8% for UPRO. 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 UPRO charges 0.88%. On a $10,000 position that is $622 vs $88 annually, a gap of $534 per year that compounds over a long holding period. On income, DWSH currently yields 6.68% against 0.77% for UPRO.
Holdings Overlap
We hold position weights for 99 holdings in DWSH and 502 in UPRO, totalling 0.0% and 72.5% 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, 48 positions appear in both.
48 positions in common, counted across the 99 positions we hold weights for in DWSH and 502 in UPRO, against full books of 101 and 520.
Top Shared Holdings
| Stock | Weight in DWSH | Weight in UPRO | Difference |
|---|---|---|---|
| NFLXNetflix, Inc., Long Equities | -0.70% | 0.27% | 0.97% |
| CMGChipotle Mexican Grill Inc. Class A | -0.47% | 0.04% | 0.51% |
| AREAlexandria Real Estate Equities | -0.48% | 0.01% | 0.49% |
| BSXBoston Scientific Corp. | -0.52% | 0.05% | 0.57% |
| ORCLOracle Corp Common | -0.66% | 0.19% | 0.85% |
| CHTRCharter Communications Inc Cl A | -0.49% | 0.01% | 0.50% |
| EFXEquifax Inc. | -0.50% | 0.02% | 0.52% |
| LENLennar Corp A | -0.50% | 0.01% | 0.51% |
| FICOFair Isaac Corp. | -0.51% | 0.02% | 0.53% |
| ZTSZoetis Inc . | -0.52% | 0.02% | 0.54% |
You are not choosing between two funds in isolation.
Whichever of DWSH and UPRO 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 UPRO?
DWSH has an expense ratio of 6.22% while UPRO charges 0.88%. UPRO is the cheaper option, by $534 a year on a $10,000 investment.
Which performed better, DWSH or UPRO?
Over the past year DWSH returned -8.93% vs +38.25% for UPRO, so UPRO leads on 1-year performance. Over the longest common window we track (8 years), DWSH annualized -13.75% vs +24.40% for UPRO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DWSH or UPRO?
UPRO has been the more volatile fund at 51.3% annualized versus 30.7% for DWSH. Worst drawdown: DWSH -84.5% vs UPRO -76.8%.
Should I hold both DWSH and UPRO?
DWSH and UPRO 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 UPRO?
DWSH yields 6.68% while UPRO yields 0.77%, so DWSH currently pays the higher dividend yield.
Is UPRO better than DWSH?
UPRO has a lower expense ratio. UPRO 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.