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AdvisorShares Trust - AdvisorShares Focused Equity ETF is an exchange traded fund launched and managed by AdvisorShares Investments, LLC. The fund invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies across diversified market capitalization. The fund seeks to benchmark the performance of its portfolio against the S&P 500 Index. The fund employs proprietary research to create its portfolio. AdvisorShares Trust - AdvisorShares Focused Equity ETF was formed on September 20, 2016 and is domiciled in the United States.
Is CWS's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.
America's Car-Mart completed phase 2 of cost-cutting plan by consolidating 13 underperforming locations into higher-performing dealerships.
AdvisorShares Focused Equity ETF is an actively managed ETF with just 25 stocks in the portfolio, with adjustments applied only once a year. CWS' returns remain unconvincing, as it has underperformed IVV both since my August article and since the beginning of the year. Since inception, CWS has underperformed IVV every calendar year except for 2022. For October 2016–November 2025, its annualized return was around 3% weaker than IVV's.
CWS is an actively managed ETF with a strategy guided by the buy-and-hold philosophy. Despite having relatively strong quality and a value tilt, CWS has trailed the S&P 500 since my February article, chiefly due to the appalling performance of FI, MLR, and ADBE. Compared to IVV, CWS' portfolio is better valued and has a lower beta. But IVV is meaningfully ahead on quality and growth.
CWS offers a concentrated, high-quality mid- and large-cap portfolio with a strong tilt toward technology, healthcare, and industrials, but trades at a premium valuation. The fund's historical returns are only slightly ahead of the benchmark and lag top-performing peers, despite strong profitability and moderate risk metrics. CWS faces notable drawbacks, including high expense ratio and wide bid-ask spreads, making it less attractive versus lower-cost, more efficient alternatives.
Geopolitical tensions are high and the economy's outlook is uncertain — presenting investors even with the best ETFs with challenges.