DWSH vs XYLD
AdvisorShares Dorsey Wright Short ETF vs Global X S&P 500 Covered Call ETF
Which is better, DWSH or XYLD?
Opposite sides of the same exposure.
XYLD has a lower expense ratio. XYLD led over 1Y, 3Y, 5Y and the full window. The two move opposite each other, correlation -0.76, 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 | XYLD |
|---|---|---|
| Expense Ratio | 6.22% | 0.60%Best |
| AUM | $11M | $3.4B |
| Dividend Yield | 6.68% | 10.44% |
| Holdings | 101 | 1,014 |
| YTD Return | -8.24% | +11.42%Best |
| 1Y Return | -8.93% | +18.43%Best |
| 3Y Return (annualized) | -7.86% | +13.38%Best |
| 5Y Return (annualized) | -3.01% | +7.59%Best |
| Volatility (annualized) | 30.7% | 12.1%Best |
| Max Drawdown | -84.5% | -34.7%Best |
| $10,000 over 5 years | $8,583 | $14,416Best |
| Fund Family | Advisor Shares | Global X by mirae Asset |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Jul 10, 2018 | Jun 21, 2013 |
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 XYLD 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 XYLD Performance
AdvisorShares Dorsey Wright Short ETF (DWSH) is an ETF from Advisor Shares and Global X S&P 500 Covered Call ETF (XYLD) is an ETF from Global X by mirae Asset. Over the past year DWSH returned -8.93% while XYLD returned +18.43%. Year to date, DWSH is down 8.24% versus a gain of 11.42% for XYLD.
Over three years, DWSH compounded at -7.86% per year against +13.38% for XYLD; over five years the annualized figures are -3.01% and +7.59% respectively. Across the full 8-year window we track, XYLD has the edge at +5.15% annualized vs -13.75%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DWSH has been the more volatile fund, with annualized monthly volatility of 30.7% compared with 12.1% for XYLD. 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 -34.7% for XYLD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.76. 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 XYLD charges 0.60%. On a $10,000 position that is $622 vs $60 annually, a gap of $562 per year that compounds over a long holding period. On income, DWSH currently yields 6.68% against 10.44% for XYLD.
Holdings Overlap
At least 2.9% of XYLD's money is in holdings DWSH also owns.
Stated as a floor: for DWSH, our book for it covers 0.0% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
They hold the same names on opposite sides, so owning both offsets the exposure rather than doubling it.
46 positions in common, counted across the 99 positions we hold weights for in DWSH and 496 in XYLD, against full books of 101 and 1,014.
Top Shared Holdings
| Stock | Weight in DWSH | Weight in XYLD | Difference |
|---|---|---|---|
| NFLXNetflix, Inc., Long Equities | -0.70% | 0.43% | 1.13% |
| ORCLOracle Corp Common | -0.66% | 0.38% | 1.04% |
| CMGChipotle Mexican Grill Inc. Class A | -0.47% | 0.06% | 0.53% |
| BSXBoston Scientific Corp. | -0.52% | 0.09% | 0.61% |
| ADBEAdobe Systems Inc. | -0.61% | 0.15% | 0.76% |
| AREAlexandria Real Estate Equities | -0.48% | 0.01% | 0.49% |
| CHTRCharter Communications Inc Cl A | -0.49% | 0.02% | 0.51% |
| EFXEquifax Inc. | -0.50% | 0.03% | 0.53% |
| LENLennar Corp A | -0.50% | 0.03% | 0.53% |
| FICOFair Isaac Corp. | -0.51% | 0.03% | 0.54% |
You are not choosing between two funds in isolation.
Whichever of DWSH and XYLD 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 XYLD?
DWSH has an expense ratio of 6.22% while XYLD charges 0.60%. XYLD is the cheaper option, by $562 a year on a $10,000 investment.
Which performed better, DWSH or XYLD?
Over the past year DWSH returned -8.93% vs +18.43% for XYLD, so XYLD leads on 1-year performance. Over the longest common window we track (8 years), DWSH annualized -13.75% vs +5.15% for XYLD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DWSH or XYLD?
DWSH has been the more volatile fund at 30.7% annualized versus 12.1% for XYLD. Worst drawdown: DWSH -84.5% vs XYLD -34.7%.
Should I hold both DWSH and XYLD?
DWSH and XYLD have a monthly-return correlation of -0.76, 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.
What is the holdings overlap between DWSH and XYLD?
At least 2.9% of XYLD's money is in holdings DWSH also owns. Our book for DWSH is partial, so the real figure is this or higher. They hold 46 positions in common, counted across the 99 positions we hold weights for in DWSH and 496 in XYLD.
Which pays a higher dividend, DWSH or XYLD?
DWSH yields 6.68% while XYLD yields 10.44%, so XYLD currently pays the higher dividend yield.
Is XYLD better than DWSH?
XYLD has a lower expense ratio. XYLD led over 1Y, 3Y, 5Y and the full window. The two move opposite each other, correlation -0.76, 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.