Invesco DWA SmallCap Momentum ETF (DWAS) belongs to the Momentum category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with DWAS. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to DWAS
DWAS charges 0.60% annually. There are 27 ETFs in the Momentum category with lower expense ratios, going as low as 0.12%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| JPMorgan U.S. Momentum Factor ETF | 0.12% | 2.50B | Nov 2017 | DWAS vs JMOM | |
| State Street SPDR S&P 1500 Momentum Tilt ETF | 0.12% | 158.22M | Oct 2012 | DWAS vs MMTM | |
| Vanguard U.S. Momentum Factor ETF | 0.13% | 2.00B | Feb 2018 | DWAS vs VFMO | |
| Invesco S&P 500 Momentum ETF | 0.13% | 21.05B | Oct 2015 | DWAS vs SPMO | |
| iShares MSCI USA Momentum Factor ETF | 0.15% | 25.32B | Apr 2013 | DWAS vs MTUM |
Best Risk-Adjusted Alternatives to DWAS
DWAS has a PortfoliosLab risk / return rank of 65. There are 20 ETFs in the Momentum category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| VictoryShares US Value Momentum ETF | 95 | 266.04M | Oct 2017 | DWAS vs ULVM | |
| Invesco S&P 500 Value with Momentum ETF | 94 | 130.46M | Jun 2011 | DWAS vs SPVM | |
| VictoryShares US Small Mid Cap Value Momentum ETF | 93 | 1.77B | Oct 2017 | DWAS vs USVM | |
| Invesco S&P MidCap Value with Momentum ETF | 92 | 505.02M | Mar 2005 | DWAS vs XMVM | |
| Invesco S&P SmallCap Value with Momentum ETF | 91 | 673.30M | Mar 2005 | DWAS vs XSVM |
Top Performing DWAS Alternatives (YTD)
DWAS is at 18.89% YTD. There are 17 ETFs in the Momentum category with higher YTD returns, going as high as 44.44%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Nasdaq-100 Dorsey Wright Momentum ETF | 44.44% | 69.09M | May 2021 | DWAS vs QQQA | |
| ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN | 39.46% | 8.12M | Feb 2021 | DWAS vs MTUL | |
| Invesco Dorsey Wright Technology Momentum ETF | 32.93% | 596.23M | Oct 2006 | DWAS vs PTF | |
| Invesco DWA Energy Momentum ETF | 30.24% | 52.45M | Oct 2006 | DWAS vs PXI | |
| Invesco DWA Emerging Markets Momentum ETF | 29.63% | 228.29M | Dec 2007 | DWAS vs PIE |
Lowest Volatility Alternatives to DWAS
DWAS has 25.73% 1-year volatility. There are 40 ETFs in the Momentum category with lower 1-year volatility, going as low as 10.77%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| VictoryShares US Value Momentum ETF | 10.77% | 266.04M | Oct 2017 | DWAS vs ULVM | |
| Cambria Value and Momentum ETF | 10.97% | 108.69M | Sep 2015 | DWAS vs VAMO | |
| Invesco S&P 500 Value with Momentum ETF | 11.35% | 130.46M | Jun 2011 | DWAS vs SPVM | |
| First Trust Dorsey Wright Momentum & Low Volatilit... | 11.84% | 73.54M | Sep 2018 | DWAS vs DVOL | |
| Symmetry Panoramic Sector Momentum ETF | 12.40% | 43.72M | Sep 2025 | DWAS vs SMOM |
Lowest Drawdown Alternatives to DWAS
DWAS has a 1-year max drawdown of -15.10%. There are 33 ETFs in the Momentum category with shallower 1-year drawdowns, going as shallow as -5.55%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Cambria Value and Momentum ETF | -5.55% | 108.69M | Sep 2015 | DWAS vs VAMO | |
| VictoryShares US Value Momentum ETF | -6.47% | 266.04M | Oct 2017 | DWAS vs ULVM | |
| Invesco S&P 500 Value with Momentum ETF | -6.57% | 130.46M | Jun 2011 | DWAS vs SPVM | |
| SPDR Russell 1000 Momentum Focus ETF | -7.37% | 29.12M | Dec 2015 | DWAS vs ONEO | |
| JPMorgan U.S. Momentum Factor ETF | -8.02% | 2.50B | Nov 2017 | DWAS vs JMOM |
Other ETFs from Invesco
The 10 most viewed Invesco ETFs shown here include QQQ, QQQM, RSP and span 14 categories. AUM among these funds goes as high as $453B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | Nasdaq-100 | 58 | 14.23% | 452.80B | Mar 1999 | DWAS vs QQQ | |
| Invesco NASDAQ 100 ETF | Nasdaq-100 | 59 | 14.26% | 97.11B | Oct 2020 | DWAS vs QQQM | |
| Invesco S&P 500 Equal Weight ETF | S&P 500, Equal Weight | 79 | 14.26% | 96.96B | Apr 2003 | DWAS vs RSP | |
| Invesco PHLX Semiconductor ETF | Semiconductors, Technology Equities | 88 | 61.64% | 2.58B | Jun 2021 | DWAS vs SOXQ | |
| Invesco S&P 500 Quality ETF | Quality Factor, S&P 500, Large Cap Blend Equities | 65 | 14.14% | 19.45B | Dec 2005 | DWAS vs SPHQ | |
| Invesco S&P 500 Top 50 ETF | S&P 500 | 45 | 4.68% | 10.56B | May 2005 | DWAS vs XLG | |
| Invesco S&P 500® High Dividend Low Volatility ETF | Dividend, S&P 500, Low Volatility | 55 | 12.76% | 4.04B | Oct 2012 | DWAS vs SPHD | |
| Invesco S&P MidCap Momentum ETF | Momentum, Mid Cap Growth Equities | 44 | 13.32% | 7.18B | Mar 2005 | DWAS vs XMMO | |
| Invesco S&P International Developed Momentum ETF | Momentum, Foreign Large Cap Equities | 58 | 11.63% | 4.08B | Feb 2012 | DWAS vs IDMO | |
| Invesco Aerospace & Defense ETF | Aerospace & Defense, Industrials Equities | 45 | 14.49% | 8.26B | Oct 2005 | DWAS vs PPA |
Often Compared With DWAS
Investors most often compare DWAS with XSMO, OBMCX, EES. These 19 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare DWAS with Any Fund or Stock
Compare DWAS with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair DWAS with funds that move differently
Invesco DWA SmallCap Momentum ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to DWAS.
Explore DWAS Diversifiers