DWAS
Invesco Dorsey Wright SmallCap Momentum ETF
Invesco DWA SmallCap Technical Leaders Portfolio is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that generally correspond (before fees and expenses) to the price and yield of the Dorsey Wright SmallCap Technical LeadersTM Index (the "Underlying Index").
US
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 878.2 M
ASSETS UNDER MGMT
60 bp
EXPENSES
Fund Basics
| Inception date | Jul 19, 2012 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| ONDAS HOLDINGS, INC. | 1.7 % |
| AMPRIUS TECHNOLOGIES INC | 1.5 % |
| CIDARA THERAPEUTICS INC | 1.4 % |
| THREDUP, INC. CLASS A | 1.4 % |
| BITMINE IMMERSION TECHNOLOGIES INC | 1.4 % |
| PORCH GROUP, INC. | 1.3 % |
| CENTRUS ENERGY CORP. CLASS A | 1.3 % |
| OPENDOOR TECHNOLOGIES INC | 1.3 % |
| WAYSIDE TECHNOLOGY GROUP INC | 1.2 % |
| BEL FUSE INC-CL B | 1.2 % |
Constituent Breakdown
| Number of holdings | 173 |
| Herfindahl-Hirschman Index | 63 |
| Wgt avg mkt cap (mns) | $2,648 |
| Large cap (>$10bn) | 1.6% |
| Mid cap ($2-10bn) | 43.8% |
| Small cap (<$2bn) | 39.9% |
| Developed mkts. | 86.0% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 83.3 % |
 |
PUERTO RICO | 0.8 % |
 |
NETHERLANDS | 0.6 % |
Historical Performance
Standardized Performance (as of 04/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 15.9% | 46.4% | 15.7% | 16.0% | 5.7% | 12.4% | -- | 11.5% |
| Dividend Yield | 0.0% | 0.0% | 0.4% | 0.8% | 0.7% | 0.5% | -- | 0.5% |
| Total Returns | 15.9% | 46.4% | 16.1% | 16.8% | 6.3% | 12.9% | -- | 11.9% | Ann. Volatility | 25.4% | 22.6% | 25.8% | 24.2% | 25.9% | 26.6% | -- | 24.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.41 | 61% |
| MSCI EAFE | 1.02 | 43% |
| MSCI Emg Mkts | 0.75 | 38% |
Liquidity Measures
| Avg. volume (000) | 12 |
| ADV traded (mns) | $1 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.21% |
Technical Indicators
| 30d moving avg. (EMA) | $110.57 |
| Relative strength (RSI) | 57 |
| MACD/Signal | 2.35/2.71 |
| Bollinger Bands (Upper/Lower) | $116.66/$109.33 |
| Short interest (% of AUM) | 3.8% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. DWAS |
Expenses vs. DWAS |
ALTAR Score™ vs. DWAS |
|---|---|---|---|---|
| FNY | First Trust Mid Cap Growth AlphaDEX Fund | 17.9% | +10 bp | +3.4% |
| PSC | Principal U.S. Small-Cap ETF | 17.7% | -22 bp | +5.2% |
| OMFS | Invesco Russell 2000 Dynamic Multifactor ETF | 17.7% | -21 bp | +4.5% |
| SLYG | State Street SPDR S&P 600 Small Cap Growth ETF | 17.5% | -45 bp | +5.1% |
| IWO | iShares Russell 2000 Growth ETF | 17.4% | -36 bp | +1.7% |
| GSSC | Goldman Sachs Activebeta U.S. Small Cap Equity ETF | 17.3% | -40 bp | +5.1% |
| VIOG | Vanguard S&P Small-Cap 600 Growth ETF | 17.2% | -50 bp | +4.9% |
| BBSC | JPMorgan BetaBuilders U.S. Small Cap Equity ETF | 17.0% | -51 bp | +4.6% |
| XSMO | Invesco S&P SmallCap Momentum ETF | 16.0% | -21 bp | +4.8% |
| CSA | VictoryShares US Small Cap Volatility Wtd ETF | 15.9% | -25 bp | +7.7% |
Risk and Returns: DWAS 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 (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| 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 5/24/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
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
-0.4%
ALTAR SCORE™
1st
PERCENTILE
AVOID
ETFRC RATING
There are 1,349 funds in the US Equity category with an average
ALTAR Score™ of 5.4% and a standard deviation
of 2.0%. DWAS's ALTAR Score™ is approximately -2.9 standard
deviations above the category average. This places DWAS in the 1st percentile
among funds in the category.
Sell-Side Consensus
$139.01
PRICE TARGET
+22.4%
UPSIDE