CWS vs. DVOL ETF Comparison

Comparison of AdvisorShares Focused Equity ETF (CWS) to First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL)

CWS

AdvisorShares Focused Equity ETF

CWS Description

The AdvisorShares Focused Equity ETF seeks long-term capital appreciation. CWS aims to achieve its investment objective by investing primarily in a focused group of U.S. exchange-listed equity securities that the portfolio manager believes have favorable fundamental attributes.

Grade (RS Rating)

Last Trade

$68.97

Average Daily Volume

10,665

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DVOL

First Trust Dorsey Wright Momentum & Low Volatility ETF

DVOL Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an index called the Dorsey Wright Momentum Plus Low Volatility Index (the "index"). Under normal conditions, the fund will invest at least 90% of its net assets (including investment borrowings) in the equity securities that comprise the index. The index is a rules-based equity index designed to track the overall performance of the 50 stocks comprising the NASDAQ US Large Mid Index that exhibit the lowest levels of volatility while still maintaining high levels of "relative strength." The fund is non-diversified.

Grade (RS Rating)

Last Trade

$35.45

Average Daily Volume

5,433

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CWS	DVOL
30 Days	-1.32%	2.75%
60 Days	1.17%	7.47%
90 Days	4.39%	11.41%
12 Months	28.69%	34.91%

3 Overlapping Holdings

Symbol	Grade	Weight in CWS	Weight in DVOL	Overlap
AFL	C	4.47%	1.52%	1.52%
FI	A	5.3%	2.92%	2.92%
HEI	A	4.75%	1.37%	1.37%

CWS Overweight 22 Positions Relative to DVOL

Symbol	Grade	Weight
FICO	A	6.25%
MLR	C	5.9%
APH	B	4.98%
SYK	A	4.15%
ICE	C	4.11%
COR	B	4.09%
MCO	D	4.01%
SAIC	D	3.99%
SLGN	A	3.92%
OTIS	C	3.78%
ROL	A	3.77%
BR	A	3.66%
AGM	B	3.65%
INTU	B	3.63%
ABT	A	3.55%
TMO	F	3.51%
AWK	C	3.41%
MGRC	B	3.39%
FDS	A	3.38%
HSY	F	3.16%
PII	F	2.47%
CE	F	1.94%

CWS Underweight 47 Positions Relative to DVOL

Symbol	Grade	Weight
TMUS	A	-3.36%
RSG	B	-3.14%
V	A	-3.05%
KMI	A	-3.04%
DTM	A	-2.98%
MMC	C	-2.88%
WMB	A	-2.83%
MSI	A	-2.8%
MA	A	-2.8%
INGR	B	-2.75%
CACI	C	-2.75%
TJX	A	-2.68%
LIN	D	-2.68%
CTAS	B	-2.64%
WELL	A	-2.64%
CB	C	-2.52%
NOC	D	-2.49%
WMT	A	-2.4%
RTX	D	-2.34%
HLT	A	-2.31%
OKE	A	-2.3%
AMP	A	-2.23%
BRO	B	-2.22%
PKG	B	-2.07%
JPM	A	-1.96%
AM	A	-1.77%
MSFT	D	-1.7%
COST	B	-1.68%
CW	B	-1.65%
EHC	B	-1.64%
GWW	B	-1.49%
WAB	B	-1.44%
AIG	A	-1.4%
CAH	A	-1.31%
ALL	A	-1.26%
ENSG	D	-1.26%
TRV	A	-1.23%
PTC	B	-1.22%
HLI	B	-1.21%
PGR	B	-1.09%
SF	A	-1.07%
BRX	A	-1.04%
RGA	A	-1.01%
TW	A	-0.98%
WRB	A	-0.96%
MTG	C	-0.95%
TDG	D	-0.88%