| Label | Element | Value | ||
|---|---|---|---|---|
| Prospectus [Line Items] | rr_ProspectusLineItems | |||
| Document Type | dei_DocumentType | 485BPOS | ||
| Document Period End Date | dei_DocumentPeriodEndDate | Jan. 22, 2025 | ||
| Entity Registrant Name | dei_EntityRegistrantName | AdvisorShares Trust | ||
| Entity Central Index Key | dei_EntityCentralIndexKey | 0001408970 | ||
| Entity Inv Company Type | dei_EntityInvCompanyType | N-1A | ||
| Amendment Flag | dei_AmendmentFlag | false | ||
| Document Creation Date | dei_DocumentCreationDate | Jan. 22, 2025 | ||
| Document Effective Date | dei_DocumentEffectiveDate | Jan. 22, 2025 | ||
| Prospectus Date | rr_ProspectusDate | Jan. 22, 2025 | ||
| AdvisorShares HVAC and Industrials ETF | ||||
| Prospectus [Line Items] | rr_ProspectusLineItems | |||
| Risk/Return [Heading] | rr_RiskReturnHeading | ADVISORSHARES HVAC AND INDUSTRIALS ETF NYSE Arca Ticker: HVAC FUND SUMMARY | ||
| Objective [Heading] | rr_ObjectiveHeading | INVESTMENT OBJECTIVE | ||
| Objective, Primary [Text Block] | rr_ObjectivePrimaryTextBlock | The AdvisorShares HVAC and Industrials ETF (the “Fund”) seeks long-term capital appreciation. |
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| Expense [Heading] | rr_ExpenseHeading | FUND FEES AND EXPENSES | ||
| Expense Narrative [Text Block] | rr_ExpenseNarrativeTextBlock | This table describes the fees and expenses that you may pay if you buy, hold and sell shares of the Fund. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the table below.
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| Shareholder Fees Caption [Text] | rr_ShareholderFeesCaption | SHAREHOLDER FEES (fees paid directly from your investment) | ||
| Operating Expenses Caption [Text] | rr_OperatingExpensesCaption | ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) | ||
| Portfolio Turnover [Heading] | rr_PortfolioTurnoverHeading | PORTFOLIO TURNOVER | ||
| Portfolio Turnover [Text Block] | rr_PortfolioTurnoverTextBlock | The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in Total Annual Operating Expenses or in the Example, affect the Fund’s performance. This rate excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s shares. The Fund is new and does not yet have a portfolio turnover rate. |
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| Other Expenses, New Fund, Based on Estimates [Text] | rr_OtherExpensesNewFundBasedOnEstimates | “Other Expenses” are based on estimated amounts for the current fiscal year. | ||
| Expense Example [Heading] | rr_ExpenseExampleHeading | EXAMPLE | ||
| Expense Example Narrative [Text Block] | rr_ExpenseExampleNarrativeTextBlock | This Example is intended to help you compare the cost of investing in the shares of the Fund with the cost of investing in other funds. This Example does not take into account brokerage commissions and other fees to financial intermediaries that you may pay when purchasing or selling shares of the Fund. If these fees were included, your costs would be higher.
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| Expense Example by, Year, Caption [Text] | rr_ExpenseExampleByYearCaption | The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then sell all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: | ||
| Strategy [Heading] | rr_StrategyHeading | PRINCIPAL INVESTMENT STRATEGIES | ||
| Strategy Narrative [Text Block] | rr_StrategyNarrativeTextBlock | The Fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by investing in U.S. exchange traded equity securities consisting of common stock and American Depositary Receipts (“ADRs”) of companies of any market capitalization. ADRs are securities traded on a local stock exchange that represent interests in securities issued by a foreign publicly listed company.
The Fund invests, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in a combination of securities of (i) companies that derive a significant portion of their assets or revenue from the development, manufacturing, usage, servicing and installation of heating, ventilation and cooling (“HVAC”) systems and (ii) companies in the industrials sector. The industrials sector consists of manufacturers and distributors of capital goods, companies that offer construction and engineering services, providers of commercial and professional services, and companies that provide transportation services.
The Advisor uses a variety of methods in selecting securities for the Fund’s portfolio. The Advisor intends to select companies with dominant positions in their respective markets as well as those in unique positions for growth and expansion. The Advisor will utilize numerous outside analyst ratings and stock selection rating tools. At times, the Advisor may aim to buy certain out-of-favor stocks believed to be at prices below their future potential value, as measured by the Advisor or outside analysts. The Fund may sell a security when the Advisor believes that the security is overvalued or better investment opportunities are available, or to limit position size within the Fund’s portfolio.
The Fund concentrates more than 25% of its investments in companies in the capital goods industry group in the industrials sector. The Fund is non-diversified and may invest a greater percentage of its assets in a particular issuer than a diversified fund. |
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| Strategy Portfolio Concentration [Text] | rr_StrategyPortfolioConcentration | under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in a combination of securities of (i) companies that derive a significant portion of their assets or revenue from the development, manufacturing, usage, servicing and installation of heating, ventilation and cooling (“HVAC”) systems and (ii) companies in the industrials sector. The Fund concentrates more than 25% of its investments in companies in the capital goods industry group in the industrials sector. | ||
| Risk [Heading] | rr_RiskHeading | PRINCIPAL RISKS OF INVESTING IN THE FUND | ||
| Bar Chart and Performance Table [Heading] | rr_BarChartAndPerformanceTableHeading | FUND PERFORMANCE | ||
| Performance Narrative [Text Block] | rr_PerformanceNarrativeTextBlock | A comparison of the Fund’s performance with that of a broad measure of market performance may give some indication of the risks of an investment in the Fund; however, the Fund is new and, therefore, does not have a performance history for a full calendar year. Of course, once the Fund has performance, this past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future.
Updated performance information is available on the Fund’s website at www.advisorshares.com. |
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| Performance Information Illustrates Variability of Returns [Text] | rr_PerformanceInformationIllustratesVariabilityOfReturns | A comparison of the Fund’s performance with that of a broad measure of market performance may give some indication of the risks of an investment in the Fund | ||
| Performance One Year or Less | rr_PerformanceOneYearOrLess | however, the Fund is new and, therefore, does not have a performance history for a full calendar year. | ||
| Performance Availability Website Address [Text] | rr_PerformanceAvailabilityWebSiteAddress | www.advisorshares.com | ||
| Performance Past Does Not Indicate Future [Text] | rr_PerformancePastDoesNotIndicateFuture | this past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. | ||
| AdvisorShares HVAC and Industrials ETF | Risks Lose Money [Member] | ||||
| Prospectus [Line Items] | rr_ProspectusLineItems | |||
| Risk Caption | rr_RiskCaption | The Fund is subject to a number of risks, described below, that may affect the value of its shares, including the possible loss of money. | ||
| AdvisorShares HVAC and Industrials ETF | Risks Nondiversified Status [Member] | ||||
| Prospectus [Line Items] | rr_ProspectusLineItems | |||
| Risk Caption | rr_RiskCaption | As a non-diversified fund under the federal securities laws, the Fund may invest a greater percentage of its assets in a particular issuer and hold a smaller number of portfolio securities; therefore, the value of the Fund’s shares may be more volatile than the value of shares of more diversified funds. | ||
| AdvisorShares HVAC and Industrials ETF | All Risk [Member] | ||||
| Prospectus [Line Items] | rr_ProspectusLineItems | |||
| Risk [Text Block] | rr_RiskTextBlock | The Fund is subject to a number of risks, described below, that may affect the value of its shares, including the possible loss of money. As with any fund, there is no guarantee that the Fund will achieve its investment objective.
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| AdvisorShares HVAC and Industrials ETF | American Depositary Receipt Risk [Member] | ||||
| Prospectus [Line Items] | rr_ProspectusLineItems | |||
| Risk [Text Block] | rr_RiskTextBlock | American Depositary Receipt Risk. ADRs have the same currency and economic risks as the underlying non-U.S. shares they represent. They are affected by the risks associated with non-U.S. securities, such as changes in political or economic conditions of other countries, changes in the exchange rates of, or exchange control regulations associated with, foreign currencies, and differing accounting, auditing, financial reporting, and legal standards and practices. In addition, investments in ADRs may be less liquid than the underlying securities in their primary trading market.
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| AdvisorShares HVAC and Industrials ETF | Currency Risk [Member] | ||||
| Prospectus [Line Items] | rr_ProspectusLineItems | |||
| Risk [Text Block] | rr_RiskTextBlock | Currency Risk. The Fund’s direct and indirect exposure to foreign currencies subjects the Fund to the risk that those currencies will decline in value relative to the U.S. dollar.
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| AdvisorShares HVAC and Industrials ETF | Equity Risk [Member] | ||||
| Prospectus [Line Items] | rr_ProspectusLineItems | |||
| Risk [Text Block] | rr_RiskTextBlock | Equity Risk. The prices of equity securities rise and fall daily. These price movements may result from factors affecting individual issuers, industries or the securities market as a whole. In addition, equity markets tend to move in cycles, which may cause stock prices to fall over short or extended periods of time.
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| AdvisorShares HVAC and Industrials ETF | E T F Market Risk [Member] | ||||
| Prospectus [Line Items] | rr_ProspectusLineItems | |||
| Risk [Text Block] | rr_RiskTextBlock | ETF Market Risk. In stressed market conditions, the market for certain ETF shares may become less liquid in response to deteriorating liquidity in the markets for the ETF’s underlying portfolio holdings. This adverse effect on liquidity for the ETF’s shares in turn could lead to differences between the market price of the ETF’s shares and the underlying value of those shares. In addition, there are a limited number of institutions that act as authorized participants. If these institutions exit the business or are, for any reason, unable to process creation and/or redemption orders with respect to the Fund, or purchase and sell securities in connection with creation and/or redemption orders, as applicable, and no other authorized participant steps forward to create or redeem, or purchase or sell securities, as applicable, Fund shares may trade at a premium or discount to their net asset value (“NAV”) and possibly face operational issues such as trading halts and/or delisting. The absence of an active market in the Fund’s shares could lead to a heightened risk of differences between the market price of the Fund’s shares and the underlying value of those shares. Because securities underlying investments held by the Fund may trade on foreign exchanges that are closed when the Fund’s listing exchange is open, there may be changes between the last quote from the closed foreign market and the value of the securities during the Fund’s domestic trading day, which also could lead to differences between the market price of the Fund’s shares and the underlying value of those shares.
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| AdvisorShares HVAC and Industrials ETF | Growth Investing Risk [Member] | ||||
| Prospectus [Line Items] | rr_ProspectusLineItems | |||
| Risk [Text Block] | rr_RiskTextBlock | Growth Investing Risk. Growth stocks can be volatile for several reasons. Since those companies usually invest a high portion of earnings in their businesses, they may lack the dividends of value stocks that can cushion stock prices in a falling market. The prices of growth stocks are based largely on projections of the issuer’s future earnings and revenues. If a company’s earnings or revenues fall short of expectations, its stock price may fall dramatically.
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| AdvisorShares HVAC and Industrials ETF | H V A C Companies Risk [Member] | ||||
| Prospectus [Line Items] | rr_ProspectusLineItems | |||
| Risk [Text Block] | rr_RiskTextBlock | HVAC Companies Risk. HVAC companies are subject to a variety of factors that may adversely affect their business or operations, including costs associated with environmental and other regulations, the effects of an economic slowdown, surplus capacity or technological obsolescence, industry competition, labor relations, rate caps or rate changes and other factors. Certain HVAC companies may be subject to extensive regulation by various governmental authorities. The costs of complying with governmental regulations, delays or failures to receive required regulatory approvals or the enactment of new adverse regulatory requirements may adversely affect HVAC companies. HVAC companies may also be affected by service interruption and/or legal challenges due to environmental, operational or other conditions or events, and the imposition of special tariffs and changes in tax laws, regulatory policies and accounting standards. There is also the risk that corruption may negatively affect publicly-funded infrastructure projects, especially in non-U.S. markets, resulting in work stoppage, delays and cost overruns. Other risks associated with HVAC companies include uncertainties resulting from such companies’ diversification into new domestic and international businesses, as well as agreements by any such companies linking future rate increases to inflation or other factors not directly related to the actual operating profits of the enterprise. HVAC companies also can be significantly affected by the national, regional and local real estate markets.
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| AdvisorShares HVAC and Industrials ETF | Industrials Sector Risk [Member] | ||||
| Prospectus [Line Items] | rr_ProspectusLineItems | |||
| Risk [Text Block] | rr_RiskTextBlock | Industrials Sector Risk. Industrials companies are affected by supply and demand both for their specific product or service and for industrials sector products in general. Government regulation, world events, exchange rates and economic conditions, technological developments and liabilities for environmental damage and general civil liabilities will likewise affect the performance of these companies. Aerospace and defense companies, a component of the industrials sector, can be significantly affected by government spending policies because companies involved in this industry rely, to a significant extent, on U.S. and foreign government demand for their products and services. Thus, the financial condition of, and investor interest in, aerospace and defense companies are heavily influenced by governmental defense spending policies which are typically under pressure from efforts to control the U.S. (and other) government budgets. Transportation securities, a component of the industrials sector, are cyclical and have occasional sharp price movements which may result from changes in the economy, fuel prices, labor agreements and insurance costs.
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| AdvisorShares HVAC and Industrials ETF | Capital Goods Industry Group Risk [Member] | ||||
| Prospectus [Line Items] | rr_ProspectusLineItems | |||
| Risk [Text Block] | rr_RiskTextBlock | Capital Goods Industry Group Risk. The Fund will concentrate more than 25% of its investments in the capital goods industry group within the industrials sector. The capital goods industry group may be affected by fluctuations in the business cycle and by other factors affecting manufacturing demands. The capital goods industry group depends heavily on corporate spending. Companies in the capital goods industry group may perform well during times of economic expansion, but as economic conditions worsen, the demand for capital goods may decrease. Many capital goods are sold internationally, and companies in this industry group may be affected by market conditions in other countries and regions.
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| AdvisorShares HVAC and Industrials ETF | Large Capitalization Risk [Member] | ||||
| Prospectus [Line Items] | rr_ProspectusLineItems | |||
| Risk [Text Block] | rr_RiskTextBlock | Large-Capitalization Risk. Large-cap securities tend to go in and out of favor based on market and economic conditions. Additionally, larger, more established companies may be unable to respond quickly to new competitive challenges, such as changes in technology and consumer tastes, and may not be able to attain the high growth rate of successful smaller companies.
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| AdvisorShares HVAC and Industrials ETF | Management Risk [Member] | ||||
| Prospectus [Line Items] | rr_ProspectusLineItems | |||
| Risk [Text Block] | rr_RiskTextBlock | Management Risk. The Advisor continuously evaluates the Fund’s holdings, purchases and sales with a view to achieving the Fund’s investment objective. However, achievement of the stated investment objective cannot be guaranteed. The Advisor’s judgment about the markets, the economy, or companies may not anticipate actual market movements, economic conditions or company performance, and these factors may affect the return on your investment.
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| AdvisorShares HVAC and Industrials ETF | Market Risk [Member] | ||||
| Prospectus [Line Items] | rr_ProspectusLineItems | |||
| Risk [Text Block] | rr_RiskTextBlock | Market Risk. Due to market conditions, the value of the Fund’s investments may fluctuate significantly from day to day. Price fluctuations may be temporary or may last for extended periods. This volatility may cause the value of your investment in the Fund to decrease. Local, regional, or global events such as war, acts of terrorism, the spread of infectious illness or other public health issues, recessions, uncertainties regarding interest rates, rising inflation, or other events could have a significant impact on the market generally and on specific securities. The market value of a security may also decline because of factors that affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry. Because of its link to the markets, an investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term principal fluctuations, which at times may be significant.
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| AdvisorShares HVAC and Industrials ETF | Mid Capitalization Risk [Member] | ||||
| Prospectus [Line Items] | rr_ProspectusLineItems | |||
| Risk [Text Block] | rr_RiskTextBlock | Mid-Capitalization Risk. Mid-cap companies may be more volatile and more likely than large-cap companies to have limited product lines, markets, or financial resources, and to depend on a few key employees. Returns on investments in stocks of mid-cap companies could trail the returns on investments in stocks of large-cap companies or the equity market as a whole.
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| AdvisorShares HVAC and Industrials ETF | Models And Data Risk [Member] | ||||
| Prospectus [Line Items] | rr_ProspectusLineItems | |||
| Risk [Text Block] | rr_RiskTextBlock | Models and Data Risk. When models and data prove to be incorrect or incomplete, any decisions made in reliance thereon expose the Fund to potential risks. In addition, the use of predictive models has inherent risk. Because predictive models are usually constructed based on historical data supplied by third parties, the success of relying on such models may depend heavily on the accuracy and reliability of the supplied historical data.
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| AdvisorShares HVAC and Industrials ETF | Non Diversification Risk [Member] | ||||
| Prospectus [Line Items] | rr_ProspectusLineItems | |||
| Risk [Text Block] | rr_RiskTextBlock | Non-Diversification Risk. As a non-diversified fund under the federal securities laws, the Fund may invest a greater percentage of its assets in a particular issuer and hold a smaller number of portfolio securities; therefore, the value of the Fund’s shares may be more volatile than the value of shares of more diversified funds.
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| AdvisorShares HVAC and Industrials ETF | Small And Micro Capitalization Risk [Member] | ||||
| Prospectus [Line Items] | rr_ProspectusLineItems | |||
| Risk [Text Block] | rr_RiskTextBlock | Small- and Micro-Capitalization Risk. Security prices of small-cap companies may be more volatile than those of larger companies and therefore the Fund’s share price may be more volatile than those of funds that invest a larger percentage of their assets in securities issued by larger-cap companies. These risks are even greater for micro-cap companies.
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| AdvisorShares HVAC and Industrials ETF | Trading Risk [Member] | ||||
| Prospectus [Line Items] | rr_ProspectusLineItems | |||
| Risk [Text Block] | rr_RiskTextBlock | Trading Risk. Shares of the Fund may trade above or below their NAV. The trading price of the Fund’s shares may deviate significantly from their NAV during periods of market volatility and, in such instances, you may pay significantly more or receive significantly less than the underlying value of the Fund’s shares. There can be no assurance that an active trading market for the Fund’s shares will develop or be maintained. In addition, trading in shares of the Fund may be halted because of market conditions or for reasons that, in the view of the NYSE Arca, Inc. (the “Exchange”), make trading in shares inadvisable.
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| AdvisorShares HVAC and Industrials ETF | Value Investing Risk [Member] | ||||
| Prospectus [Line Items] | rr_ProspectusLineItems | |||
| Risk [Text Block] | rr_RiskTextBlock | Value Investing Risk. Because the Fund may utilize a value style of investing, the Fund could suffer losses or produce poor results relative to other funds, even in a rising market, if the Advisor’s assessment of a company’s value or prospects for exceeding earnings expectations or market conditions is wrong. |
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| AdvisorShares HVAC and Industrials ETF | AdvisorShares HVAC and Industrials ETF | ||||
| Prospectus [Line Items] | rr_ProspectusLineItems | |||
| Trading Symbol | dei_TradingSymbol | HVAC | ||
| Shareholder Fee, Other | rr_ShareholderFeeOther | none | ||
| Management Fees (as a percentage of Assets) | rr_ManagementFeesOverAssets | 0.60% | ||
| Distribution and Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | none | ||
| Other Expenses (as a percentage of Assets): | rr_OtherExpensesOverAssets | 0.29% | [1] | |
| Expenses (as a percentage of Assets) | rr_ExpensesOverAssets | 0.89% | ||
| Expense Example, with Redemption, 1 Year | rr_ExpenseExampleYear01 | $ 90 | ||
| Expense Example, with Redemption, 3 Years | rr_ExpenseExampleYear03 | $ 283 | ||
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