CWS
AdvisorShares Focused Equity ETF
The AdvisorShares Focused Equity ETF is an actively-managed ETF that aims to achieve long-term capital appreciation and outperform the S&P 500 Index by holding a focused group of US-listed stocks using proprietary models.
US
EQUITY
Active
MANAGEMENT STYLE
183.0 M
ASSETS UNDER MGMT
84 bp
EXPENSES
Fund Basics
| Fund sponsor | AdvisorShares |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 20, 2016 |
| Assets (mns) | $183 |
| Expense ratio | 84 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| MILLER INDUSTRIES INC/TENN | 5.7 % |
| FAIR ISAAC CORP | 5.0 % |
| HEICO CORP | 4.8 % |
| AMPHENOL CORP-CL A | 4.7 % |
| FISERV, INC. | 4.4 % |
| INTERCONTINENTALEXCHANGE INC | 4.3 % |
| AFLAC INC | 4.3 % |
| MOODY'S CORP | 4.2 % |
| THERMO FISHER SCIENTIFIC INC | 4.2 % |
| AMERISOURCEBERGEN CORP | 4.1 % |
Constituent Breakdown
| Number of holdings | 26 |
| Herfindahl-Hirschman Index | 411 |
| Wgt avg mkt cap (mns) | $60,930 |
| Large cap (>$10bn) | 77.1% |
| Mid cap ($2-10bn) | 17.4% |
| Small cap (<$2bn) | 5.5% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 100.4 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 10.3% | 32.6% | 20.6% | 10.2% | 13.2% | -- | 13.2% | Volatility | 11.3% | 11.7% | 14.1% | 16.3% | 19.4% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.03 | 84% |
| MSCI EAFE | 0.98 | 79% |
| MSCI Emg Mkts | 0.70 | 39% |
Liquidity Measures
| Avg. volume (000) | 18 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.46% |
| ADV of underlying (mns) | $6,607 |
Technical Indicators
| Recent close | $70.26 |
| 30d moving avg. | $68.74 |
| Annualized volatility | 19.4% |
| Relative strength (RSI) | 50 |
| Short interest (ETF) | 0.5% |
| Short interest (underlying) | 2.3% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. CWS |
Expenses vs. CWS |
ALTAR Score™ vs. CWS |
|---|---|---|---|---|
| TOLL | Tema Monopolies and Oligopolies ETF | 19.3% | -9 bp | -1.3% |
| BFIIX | Baron FinTech | 16.9% | -9 bp | -1.1% |
| JGRW | Jensen Quality Growth ETF | 12.8% | -27 bp | +0.2% |
| AIVL | WisdomTree U.S. AI Enhanced Value Fund | 12.0% | -46 bp | +1.1% |
| BDAIX | Baron Durable Advantage | 11.5% | -9 bp | -0.8% |
| QOWZ | Invesco Nasdaq Free Cash Flow Achievers ETF | 11.2% | -45 bp | -0.6% |
| XLV | Health Care Select Sector SPDR Fund | 10.6% | -75 bp | +2.8% |
| BARAX | Baron Asset Retail | 10.4% | -9 bp | -1.1% |
| NEWZ | StockSnips AI-Powered Sentiment US All Cap ETF | 10.2% | -19 bp | -0.7% |
Risk and Returns: CWS vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/21/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
CWS
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
CWS
4.5%
Cat. Avg
5.4%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.4% and a standard deviation of
2.4%. CWS's ALTAR Score™ is approximately
0.3 standard deviations
below
the category average. This places CWS in the 37th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
CWSSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| CWS (84 bp) Percentile rank | 70 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| CWS | 84.0 | 46.1 | 130.1 |
| Peer Avg. | 67.8 | 48.9 | 116.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .