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").
Fund Basics
Fund sponsor | Invesco PowerShares |
Category | US Equities |
Asset class | Equity |
Website | link... |
Inception date | Jul 19, 2012 |
Assets (mns) | $882 |
Expense ratio | 60 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Quarterly |
Taxation | 1099 |
Stock selection | Momentum |
Weighting | Tiered |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
MODINE MANUFACTURING CO | 1.6 % |
TIDEWATER INC | 1.5 % |
TRANSCAT INC | 1.3 % |
STERLING CONSTRUCTION CO | 1.3 % |
LIFEMD, INC. | 1.3 % |
DONNELLEY FINANCIAL SOLUTIONS, INC. | 1.3 % |
MR. COOPER GROUP, INC. | 1.2 % |
NUVALENT, INC. CLASS A | 1.2 % |
IMMUNOME, INC. | 1.2 % |
RED ROCK RESORTS, INC. | 1.0 % |
Constituent Breakdown
Number of holdings | 178 |
Herfindahl-Hirschman Index | 226 |
Wgt avg mkt cap (mns) | $2,867 |
Large cap (>$10bn) | 2.8% |
Mid cap ($2-10bn) | 50.6% |
Small cap (<$2bn) | 46.2% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 84.9 % | |
BERMUDA | 0.7 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
---|---|---|---|---|---|---|
8.6% | 25.4% | 4.9% | 3.2% | 13.2% | 9.2% | 12.3% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.05 | 64% |
MSCI EAFE | 0.98 | 52% |
MSCI Emg Mkts | 0.67 | 26% |
Liquidity Measures
Avg. volume (000) | 41 |
Turnover | 0.4% |
Avg. Bid/Ask (% of price) | 0.15% |
ADV of underlying (mns) | $9,536 |
Technical Indicators
Recent close | $86.10 |
30d moving avg. | $75.90 |
Annualized volatility | 23.2% |
Relative strength (RSI) | 71 |
Short interest (ETF) | 0.1% |
Short interest (underlying) | 7.3% |
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. DWAS |
Expenses vs. DWAS |
ALTAR Score™ vs. DWAS |
---|---|---|---|---|
FYC | First Trust Small Cap Growth AlphaDEX Fund | 21.2% | +11 bp | -0.3% |
XSMO | Invesco S&P SmallCap Momentum ETF | 21.1% | -21 bp | +6.5% |
RZG | Invesco S&P Smallcap 600 Pure Growth ETF | 19.5% | -25 bp | +6.0% |
IJT | iShares S&P Small-Cap 600 Growth ETF | 18.3% | -42 bp | +5.8% |
SLYG | SPDR S&P 600 Small Cap Growth ETF | 18.3% | -45 bp | +5.8% |
AFSM | First Trust Active Factor Small Cap ETF | 17.0% | +15 bp | +6.4% |
USVM | VictoryShares US Small Mid Cap Value Momentum ETF | 16.8% | -35 bp | +7.6% |
PSC | Principal U.S. Small-Cap ETF | 16.4% | -22 bp | +5.4% |
FYX | First Trust Small Cap Core AlphaDEX Fund | 16.1% | +1 bp | +5.9% |
QVMS | Invesco S&P SmallCap 600 QVM Multi-factor ETF | 15.8% | -45 bp | +7.0% |
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
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 5/2/2024
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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
DWAS
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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
DWAS
1.2%
Cat. Avg
5.8%
Fund Category: US Equities
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 1.2% |
Recommendation
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
Category Overview
There are 887 funds in the US Equities category, with an average ALTAR Score™
of 5.8% and a standard deviation of
2.7%. DWAS's ALTAR Score™ is approximately
1.7 standard deviations
below
the category average. This places DWAS in the 4th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
DWAS
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
Latest price | |
Change | |
Volume | |
Bid/Ask Spread | |
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Today's Trading
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Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
DWAS | 60.0 | 14.8 | 74.8 |
Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .