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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Invesco DWA SmallCap Momentum ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
Invesco DWA SmallCap Momentum ETF (DWAS) has returned 1.76% so far this year and 26.30% over the past 12 months. Over the last ten years, DWAS has returned 11.50% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.
Invesco DWA SmallCap Momentum ETF
- 1D
- 4.79%
- 1M
- -3.96%
- YTD
- 1.76%
- 6M
- 6.85%
- 1Y
- 26.30%
- 3Y*
- 10.99%
- 5Y*
- 3.34%
- 10Y*
- 11.50%
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Jul 19, 2012, DWAS's average daily return is +0.05%, while the average monthly return is +1.05%. At this rate, your investment would double in approximately 5.5 years.
Historically, 63% of months were positive and 37% were negative. The best month was Nov 2020 with a return of +18.3%, while the worst month was Mar 2020 at -22.0%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, DWAS closed higher 53% of trading days. The best single day was Mar 19, 2020 with a return of +13.6%, while the worst single day was Mar 18, 2020 at -15.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.93% | 2.94% | -3.96% | 1.76% | |||||||||
| 2025 | 1.79% | -8.32% | -8.40% | -1.80% | 6.06% | 4.49% | -0.50% | 5.59% | 3.37% | 2.02% | 3.52% | -0.59% | 6.09% |
| 2024 | -0.90% | 8.54% | 0.92% | -7.85% | 5.38% | -3.58% | 8.78% | -0.22% | 1.16% | -1.72% | 12.59% | -11.09% | 9.81% |
| 2023 | 6.07% | -0.19% | -4.29% | -2.40% | 0.83% | 8.83% | 5.78% | -3.54% | -6.34% | -7.32% | 9.02% | 11.54% | 16.88% |
| 2022 | -11.70% | 3.80% | 2.69% | -6.51% | 1.48% | -15.29% | 11.34% | 0.90% | -9.89% | 13.14% | 0.46% | -6.37% | -18.51% |
| 2021 | 6.91% | 6.73% | -1.01% | 0.11% | 2.28% | 3.16% | -5.72% | 2.83% | 0.95% | 7.05% | -5.26% | 1.13% | 19.75% |
Benchmark Metrics
Invesco DWA SmallCap Momentum ETF has an annualized alpha of -1.47%, beta of 1.17, and R² of 0.63 versus S&P 500 Index. Calculated based on daily prices since July 20, 2012.
- This ETF participated in 119.71% of S&P 500 Index downside but only 112.72% of its upside — more exposed to losses than it benefited from rallies.
- Alpha
- -1.47%
- Beta
- 1.17
- R²
- 0.63
- Upside Capture
- 112.72%
- Downside Capture
- 119.71%
Expense Ratio
DWAS has an expense ratio of 0.60%, placing it in the medium range.
Return for Risk
Risk / Return Rank
DWAS ranks 62 for risk / return — better than 62% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Invesco DWA SmallCap Momentum ETF (DWAS) and compare them to a chosen benchmark (S&P 500 Index).
| DWAS | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.05 | 0.90 | +0.15 |
Sortino ratioReturn per unit of downside risk | 1.56 | 1.39 | +0.17 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.21 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.02 | 1.40 | +0.63 |
Martin ratioReturn relative to average drawdown | 7.38 | 6.61 | +0.77 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore DWAS risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Invesco DWA SmallCap Momentum ETF provided a 0.02% dividend yield over the last twelve months, with an annual payout of $0.02 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.02 | $0.07 | $0.72 | $1.19 | $0.59 | $0.14 | $0.16 | $0.08 | $0.02 | $0.10 | $0.21 | $0.07 |
Dividend yield | 0.02% | 0.07% | 0.79% | 1.42% | 0.81% | 0.16% | 0.21% | 0.13% | 0.04% | 0.20% | 0.52% | 0.19% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco DWA SmallCap Momentum ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||
| 2025 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.07 |
| 2024 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.51 | $0.00 | $0.00 | $0.07 | $0.72 |
| 2023 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.83 | $1.19 |
| 2022 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.14 | $0.59 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.07 | $0.14 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Invesco DWA SmallCap Momentum ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Invesco DWA SmallCap Momentum ETF was 46.16%, occurring on Mar 18, 2020. Recovery took 96 trading sessions.
The current Invesco DWA SmallCap Momentum ETF drawdown is 5.71%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -46.16% | Feb 21, 2020 | 19 | Mar 18, 2020 | 96 | Aug 4, 2020 | 115 |
| -33.83% | Nov 12, 2024 | 100 | Apr 8, 2025 | 198 | Jan 22, 2026 | 298 |
| -33.68% | Nov 9, 2021 | 164 | Jul 6, 2022 | 589 | Nov 6, 2024 | 753 |
| -32.51% | Sep 4, 2018 | 78 | Dec 24, 2018 | 289 | Feb 19, 2020 | 367 |
| -29.53% | Jul 23, 2015 | 141 | Feb 11, 2016 | 333 | Jun 8, 2017 | 474 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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