AdvisorShares Dorsey Wright Alpha Equal Weight ETF
ALTAR
Score™
1.5% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
56.7x P/Sales
ratio
4.5x
P/BV
ratio
10.4x Div.
yield
0.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
DWEQ is an actively managed ETF that follows a quantitative proprietary model based on momentum indicators and seeks long-term capital appreciation.

FUND BASICS
Category US Equities
Fund Sponsor AdvisorShares
Website advisorshares.com
Inception date Dec 26, 2019
Assets (mns) $66
Currency USD
Expense ratio 99 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Proprietary
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 40
Wgt avg mkt cap (mns) $196,178
Large cap (>$10bn) 85.7%
Mid cap ($2-10bn) 14.3%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TRADE DESK, INC. CLASS A 3.9 %
SNAP, INC. CLASS A 3.8 %
ROKU, INC. CLASS A 3.5 %
TESLA MOTORS INC 3.3 %
RH 3.2 %
ZILLOW GROUP, INC. CLASS C 3.1 %
NIKE INC -CL B 2.7 %
PINTEREST, INC. CLASS A 2.7 %
ALPHABET INC. CLASS A 2.6 %
PAYCOM SOFTWARE INC 2.6 %
Total 31.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.5 %
BERMUDA 2.2 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
2.6% -- -- -- 2.6%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $26.80
30d moving avg. $25.29
Annualized volatility 0.0%
Short interest (ETF) 2.4%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 11
Turnover 0.5%
Bid/Ask (% of price) 0.29%
ADV underlying (mns) $79,638

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the AdvisorShares Dorsey Wright Alpha Equal Weight ETF ETF based on the alternatives' overlap in portfolio holdings with DWEQ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DWEQ Expense: 99 bp ALTAR Score™: 1.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DWEQ
Ticker Fund
Name
Overlap1
vs DWEQ
(%)
Expense
ratio
(bp)
Savings
vs DWEQ
(bp)
ALTAR
Score™
(%)
ALTAR
vs DWEQ
(%)
PDP Invesco DWA Momentum ETF 29.8 62 37 2.0 +0.5
PTF Invesco DWA Technology Momentum ETF 27.7 60 39 -0.8 -2.3
JKE iShares Morningstar Large-Cap Growth ETF 26.4 25 74 2.9 +1.4
MGK Vanguard Mega Cap Growth ETF 26.0 7 92 3.9 +2.4
GVIP Goldman Sachs Hedge Industry VIP ETF 26.0 45 54 3.5 +2.0
SCHG Schwab U.S. Large-Cap Growth ETF 25.1 4 95 3.4 +1.9
JHCS John Hancock Multifactor Media & Communications ETF 23.9 40 59 5.2 +3.7
VUG Vanguard Growth Index Fund 23.8 4 95 3.7 +2.3
XNTK SPDR NYSE Technology ETF 23.7 35 64 3.2 +1.8
ENTR Entrepreneur 30 Fund 23.6 49 50 1.0 -0.5
IWY iShares Russell Top 200 Growth ETF 23.4 20 79 3.8 +2.4
SPQQ Siren Large Cap Blend Index ETF 23.3 20 79 4.5 +3.0
RPG Invesco S&P 500 Pure Growth ETF 23.1 35 64 4.2 +2.7
QYLD Global X NASDAQ 100 Covered Call ETF 22.7 60 39 3.4 +1.9
NULG Nuveen ESG Large-Cap Growth ETF 22.6 35 64 3.6 +2.1
IWF iShares Russell 1000 Growth ETF 22.6 19 80 3.6 +2.2
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 22.5 60 39 3.4 +1.9
NUSI Nationwide Risk-Managed Income ETF 22.5 68 31 3.6 +2.1
QQQM Invesco NASDAQ 100 ETF 22.4 15 84 3.8 +2.3
QQQ Invesco QQQ Trust 22.4 20 79 3.7 +2.2
TECB iShares US Tech Breakthrough Multisector ETF 22.3 40 59 3.9 +2.4
TMFC Motley Fool 100 Index ETF 22.2 50 49 3.2 +1.8
VONG Vanguard Russell 1000 Growth Index Fund 22.1 8 91 3.8 +2.3
PEZ Invesco DWA Consumer Cyclicals Momentum ETF 22.1 60 39 1.7 +0.2
MTUM iShares MSCI USA Momentum Factor ETF 22.1 15 84 4.0 +2.6
FDMO Fidelity Momentum Factor ETF 22.0 29 70 3.2 +1.7
FTC First Trust Large Cap Growth AlphaDEX Fund 22.0 61 38 2.4 +0.9
IGM iShares Expanded Tech Sector ETF 22.0 46 53 3.6 +2.1
MILN Global X Millennials Thematic ETF 21.7 50 49 2.1 +0.6
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 21.7 75 24 2.4 +0.9
XOUT GraniteShares XOUT U.S. Large Cap ETF 21.5 60 39 3.8 +2.4
QGRO American Century STOXX U.S. Quality Growth ETF 21.5 29 70 3.1 +1.7
CCON Direxion Connected Consumer ETF 21.4 45 54 1.4 -0.1
SPMO Invesco S&P 500 Momentum ETF 21.1 13 86 4.0 +2.5
ECOZ TrueMark ESG Active Opportunities ETF 20.9 58 41 3.3 +1.8
OGIG O'Shares Global Internet Giants ETF 20.5 48 51 0.7 -0.8
ARKW ARK Web x.0 ETF 20.5 76 23 -0.8 -2.3
ADME Aptus Drawdown Managed Equity ETF 20.4 79 20 3.5 +2.0
HIPR Direxion High Growth ETF 20.3 40 59 4.4 +2.9
SYG SPDR MFS Systematic Growth Equity ETF 20.1 60 39 4.1 +2.6
VOOG Vanguard S&P 500 Growth ETF 20.1 10 89 4.1 +2.7
FCOM Fidelity MSCI Telecommunication Services Index ETF 20.1 8 91 4.5 +3.1
JMOM JPMorgan U.S. Momentum Factor ETF 20.0 12 87 3.2 +1.8
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 19.9 75 24 4.0 +2.5
FCTR First Trust Lunt U.S. Factor Rotation ETF 19.8 65 34 2.5 +1.0
VEGN US Vegan Climate ETF 19.7 60 39 4.7 +3.3
FMK First Trust Mega Cap AlphaDEX Fund 19.7 70 29 4.8 +3.3
VOX Vanguard Telecommunication Services Index Fund 19.6 10 89 4.4 +3.0
SPYG SPDR Portfolio S&P 500 Growth ETF 19.6 4 95 4.2 +2.7
IVW iShares S&P 500 Growth ETF 19.6 18 81 4.1 +2.6
IETC iShares Evolved U.S. Technology ETF 19.6 18 81 3.6 +2.2
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 19.6 21 78 2.9 +1.4
SFYF SoFi 50 ETF 19.6 29 70 1.0 -0.5
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 19.3 12 87 4.6 +3.1
AIEQ AI Powered Equity ETF 19.2 87 12 1.9 +0.5
IUSG iShares Core S&P US Growth ETF 19.2 4 95 4.2 +2.7
PWB Invesco Dynamic Large Cap Growth ETF 19.1 56 43 3.3 +1.8
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF 19.0 60 39 3.6 +2.1
JHMC John Hancock Multifactor Consumer Discretionary ETF 18.9 40 59 3.7 +2.3
ESGV Vanguard ESG U.S. Stock ETF 18.9 12 87 4.7 +3.3
AIQ Global X Future Analytics Tech ETF 18.9 68 31 3.8 +2.3
FXL First Trust Technology AlphaDEX Fund 18.8 61 38 3.7 +2.2
GENY Principal Millennials Index ETF 18.7 45 54 3.6 +2.1
FDG American Century Focused Dynamic Growth ETF 18.4 45 54 1.5 +0.1
MMTM SPDR S&P 1500 Momentum Tilt ETF 18.4 12 87 4.2 +2.7
XLG Invesco S&P 500 Top 50 ETF 18.2 20 79 4.3 +2.8
BKLC BNY Mellon US Large Cap Core Equity ETF 18.2 0 99 4.8 +3.4
XITK SPDR FactSet Innovative Technology ETF 18.1 45 54 0.5 -1.0
ALFA AlphaClone Alternative Alpha ETF 18.1 65 34 -0.5 -1.9
MMLG First Trust Multi-Manager Large Growth ETF 18.1 85 14 2.0 +0.6
ANEW ProShares MSCI Transformational Changes ETF 18.1 45 54 3.1 +1.6
IWL iShares Russell Top 200 ETF 17.9 15 84 4.6 +3.2
MGC Vanguard Mega Cap Index Fund 17.8 7 92 4.8 +3.4
FDN First Trust Dow Jones Internet Index Fund 17.5 52 47 1.8 +0.4
SFY SoFi Select 500 ETF 17.3 0 99 4.8 +3.3
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 17.3 57 42 4.6 +3.1
TTAC TrimTabs All Cap U.S. Free-Cash-Flow ETF 17.1 59 40 3.8 +2.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 17.1 9 90 5.3 +3.8
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 17.0 15 84 5.9 +4.4
EXT WisdomTree U.S. Total Earnings Fund 17.0 28 71 5.2 +3.8
CLRG IQ Chaikin U.S. Large Cap ETF 16.9 25 74 5.3 +3.8
GBGR Global Beta Momentum-Growth ETF 16.9 29 70 5.1 +3.6
SPXN ProShares S&P 500 Ex-Financials ETF 16.9 27 72 4.6 +3.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 16.8 7 92 4.8 +3.4
SPXV ProShares S&P 500 Ex-Health Care ETF 16.8 27 72 4.6 +3.2
IQSU IQ Candriam ESG US Equity ETF 16.8 9 90 4.8 +3.3
IYW iShares U.S. Technology ETF 16.7 43 56 3.7 +2.2
BOSS Global X Founder-Run Companies ETF 16.7 45 54 3.0 +1.5
SLT Pacer Salt High TruBeta US Market ETF 16.6 60 39 3.1 +1.6
PBUS Invesco PureBeta MSCI USA ETF 16.5 4 95 4.8 +3.4
VV Vanguard Large-Cap Index Fund 16.5 4 95 4.8 +3.4
FFTY Innovator IBD 50 ETF 16.5 80 19 3.8 +2.4
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 16.4 49 50 4.7 +3.3
FXD First Trust Consumer Discretionary AlphaDEX Fund 16.4 64 35 5.0 +3.5
BBUS JP Morgan Betabuilders U.S. Equity ETF 16.4 2 97 4.9 +3.4
SCHX Schwab U.S. Large-Cap ETF 16.3 3 96 4.8 +3.4
STLG iShares Factors US Growth Style ETF 16.3 25 74 4.2 +2.7
XWEB SPDR S&P Internet ETF 16.2 35 64 -0.1 -1.6
OEF iShares S&P 100 ETF 16.2 20 79 4.5 +3.1
ESGU iShares MSCI USA ESG Optimized ETF 16.1 15 84 4.7 +3.2

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
AdvisorShares Dorsey Wright Alpha Equal Weight ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 21.0 %
Divided by: Fwd. P/BV 8.6 x
Less: Expense ratio 99 bp
Equals: ALTAR Score 1.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.43 CATEGORY
AVERAGE
1.49
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.