DBMOX vs. DWAS
Compare and contrast key facts about DoubleLine Multi-Asset Trend Fund (DBMOX) and Invesco DWA SmallCap Momentum ETF (DWAS).
DBMOX is managed by DoubleLine. It was launched on Feb 25, 2021. DWAS is a passively managed fund by Invesco that tracks the performance of the Dorsey Wright SmallCap Technical Leaders Index. It was launched on Jul 19, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DBMOX or DWAS.
Correlation
The correlation between DBMOX and DWAS is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
DBMOX vs. DWAS - Performance Comparison
Key characteristics
DBMOX:
-0.27
DWAS:
0.50
DBMOX:
-0.27
DWAS:
0.86
DBMOX:
0.96
DWAS:
1.10
DBMOX:
-0.15
DWAS:
0.75
DBMOX:
-0.52
DWAS:
2.03
DBMOX:
4.92%
DWAS:
6.13%
DBMOX:
9.60%
DWAS:
25.04%
DBMOX:
-17.19%
DWAS:
-46.17%
DBMOX:
-15.86%
DWAS:
-9.76%
Returns By Period
In the year-to-date period, DBMOX achieves a -0.72% return, which is significantly lower than DWAS's 2.66% return.
DBMOX
-0.72%
0.82%
-0.66%
-2.83%
N/A
N/A
DWAS
2.66%
7.01%
10.07%
7.91%
10.63%
9.54%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
DBMOX vs. DWAS - Expense Ratio Comparison
DBMOX has a 0.38% expense ratio, which is lower than DWAS's 0.60% expense ratio.
Risk-Adjusted Performance
DBMOX vs. DWAS — Risk-Adjusted Performance Rank
DBMOX
DWAS
DBMOX vs. DWAS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Multi-Asset Trend Fund (DBMOX) and Invesco DWA SmallCap Momentum ETF (DWAS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
DBMOX vs. DWAS - Dividend Comparison
DBMOX's dividend yield for the trailing twelve months is around 5.03%, more than DWAS's 0.77% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBMOX DoubleLine Multi-Asset Trend Fund | 5.03% | 5.32% | 4.91% | 19.24% | 1.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DWAS Invesco DWA SmallCap Momentum ETF | 0.77% | 0.79% | 1.42% | 0.81% | 0.16% | 0.21% | 0.13% | 0.04% | 0.20% | 0.52% | 0.19% | 0.05% |
Drawdowns
DBMOX vs. DWAS - Drawdown Comparison
The maximum DBMOX drawdown since its inception was -17.19%, smaller than the maximum DWAS drawdown of -46.17%. Use the drawdown chart below to compare losses from any high point for DBMOX and DWAS. For additional features, visit the drawdowns tool.
Volatility
DBMOX vs. DWAS - Volatility Comparison
The current volatility for DoubleLine Multi-Asset Trend Fund (DBMOX) is 1.65%, while Invesco DWA SmallCap Momentum ETF (DWAS) has a volatility of 8.36%. This indicates that DBMOX experiences smaller price fluctuations and is considered to be less risky than DWAS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.