DWAS vs. FNDA
Compare and contrast key facts about Invesco DWA SmallCap Momentum ETF (DWAS) and Schwab Fundamental US Small Co. Index ETF (FNDA).
DWAS and FNDA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. FNDA is a passively managed fund by Charles Schwab that tracks the performance of the Russell RAFI Small Company US. It was launched on Aug 15, 2013. Both DWAS and FNDA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DWAS or FNDA.
Performance
DWAS vs. FNDA - Performance Comparison
Returns By Period
In the year-to-date period, DWAS achieves a 21.02% return, which is significantly higher than FNDA's 14.98% return. Over the past 10 years, DWAS has outperformed FNDA with an annualized return of 10.68%, while FNDA has yielded a comparatively lower 9.85% annualized return.
DWAS
21.02%
8.33%
17.24%
35.86%
14.64%
10.68%
FNDA
14.98%
5.80%
14.63%
29.08%
12.26%
9.85%
Key characteristics
| DWAS | FNDA | |
|---|---|---|
| Sharpe Ratio | 1.53 | 1.60 |
| Sortino Ratio | 2.17 | 2.31 |
| Omega Ratio | 1.26 | 1.28 |
| Calmar Ratio | 1.52 | 2.79 |
| Martin Ratio | 8.14 | 8.79 |
| Ulcer Index | 4.53% | 3.38% |
| Daily Std Dev | 24.12% | 18.58% |
| Max Drawdown | -46.17% | -44.64% |
| Current Drawdown | -3.13% | -1.81% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
DWAS vs. FNDA - Expense Ratio Comparison
DWAS has a 0.60% expense ratio, which is higher than FNDA's 0.25% expense ratio.
Correlation
The correlation between DWAS and FNDA is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
DWAS vs. FNDA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA SmallCap Momentum ETF (DWAS) and Schwab Fundamental US Small Co. Index ETF (FNDA). 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
DWAS vs. FNDA - Dividend Comparison
DWAS's dividend yield for the trailing twelve months is around 1.47%, less than FNDA's 1.92% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DWAS Invesco DWA SmallCap Momentum ETF | 1.47% | 1.42% | 0.81% | 0.16% | 0.21% | 0.13% | 0.04% | 0.20% | 0.52% | 0.19% | 0.05% | 0.16% |
FNDA Schwab Fundamental US Small Co. Index ETF | 1.92% | 1.71% | 1.94% | 1.36% | 1.88% | 2.76% | 2.37% | 1.83% | 1.82% | 2.08% | 1.91% | 0.33% |
Drawdowns
DWAS vs. FNDA - Drawdown Comparison
The maximum DWAS drawdown since its inception was -46.17%, roughly equal to the maximum FNDA drawdown of -44.64%. Use the drawdown chart below to compare losses from any high point for DWAS and FNDA. For additional features, visit the drawdowns tool.
Volatility
DWAS vs. FNDA - Volatility Comparison
Invesco DWA SmallCap Momentum ETF (DWAS) has a higher volatility of 8.90% compared to Schwab Fundamental US Small Co. Index ETF (FNDA) at 6.34%. This indicates that DWAS's price experiences larger fluctuations and is considered to be riskier than FNDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.