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DWAS vs. IJR
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between DWAS and IJR is 0.88, 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.


-0.50.00.51.00.9

Performance

DWAS vs. IJR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco DWA SmallCap Momentum ETF (DWAS) and iShares Core S&P Small-Cap ETF (IJR). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%15.00%20.00%JulyAugustSeptemberOctoberNovemberDecember
9.33%
10.42%
DWAS
IJR

Key characteristics

Sharpe Ratio

DWAS:

0.47

IJR:

0.48

Sortino Ratio

DWAS:

0.82

IJR:

0.83

Omega Ratio

DWAS:

1.10

IJR:

1.10

Calmar Ratio

DWAS:

0.65

IJR:

0.80

Martin Ratio

DWAS:

2.34

IJR:

2.52

Ulcer Index

DWAS:

4.88%

IJR:

3.77%

Daily Std Dev

DWAS:

24.33%

IJR:

19.68%

Max Drawdown

DWAS:

-46.17%

IJR:

-58.15%

Current Drawdown

DWAS:

-11.34%

IJR:

-8.38%

Returns By Period

In the year-to-date period, DWAS achieves a 10.76% return, which is significantly higher than IJR's 9.01% return. Both investments have delivered pretty close results over the past 10 years, with DWAS having a 9.35% annualized return and IJR not far behind at 8.90%.


DWAS

YTD

10.76%

1M

-10.26%

6M

9.34%

1Y

10.68%

5Y*

10.61%

10Y*

9.35%

IJR

YTD

9.01%

1M

-6.67%

6M

10.42%

1Y

8.92%

5Y*

8.30%

10Y*

8.90%

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. IJR - Expense Ratio Comparison

DWAS has a 0.60% expense ratio, which is higher than IJR's 0.07% expense ratio.


DWAS
Invesco DWA SmallCap Momentum ETF
Expense ratio chart for DWAS: current value at 0.60% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.60%
Expense ratio chart for IJR: current value at 0.07% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.07%

Risk-Adjusted Performance

DWAS vs. IJR - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco DWA SmallCap Momentum ETF (DWAS) and iShares Core S&P Small-Cap ETF (IJR). 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.


Sharpe ratio
The chart of Sharpe ratio for DWAS, currently valued at 0.47, compared to the broader market0.002.004.000.470.48
The chart of Sortino ratio for DWAS, currently valued at 0.82, compared to the broader market-2.000.002.004.006.008.0010.000.820.83
The chart of Omega ratio for DWAS, currently valued at 1.10, compared to the broader market0.501.001.502.002.503.001.101.10
The chart of Calmar ratio for DWAS, currently valued at 0.65, compared to the broader market0.005.0010.0015.000.650.80
The chart of Martin ratio for DWAS, currently valued at 2.34, compared to the broader market0.0020.0040.0060.0080.00100.002.342.52
DWAS
IJR

The current DWAS Sharpe Ratio is 0.47, which is comparable to the IJR Sharpe Ratio of 0.48. The chart below compares the historical Sharpe Ratios of DWAS and IJR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.00JulyAugustSeptemberOctoberNovemberDecember
0.47
0.48
DWAS
IJR

Dividends

DWAS vs. IJR - Dividend Comparison

DWAS's dividend yield for the trailing twelve months is around 0.78%, less than IJR's 2.05% yield.


TTM20232022202120202019201820172016201520142013
DWAS
Invesco DWA SmallCap Momentum ETF
0.78%1.42%0.81%0.16%0.21%0.13%0.04%0.20%0.52%0.19%0.05%0.16%
IJR
iShares Core S&P Small-Cap ETF
2.05%1.31%1.41%1.53%1.11%1.44%1.58%1.20%1.21%1.48%1.23%1.00%

Drawdowns

DWAS vs. IJR - Drawdown Comparison

The maximum DWAS drawdown since its inception was -46.17%, smaller than the maximum IJR drawdown of -58.15%. Use the drawdown chart below to compare losses from any high point for DWAS and IJR. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-11.34%
-8.38%
DWAS
IJR

Volatility

DWAS vs. IJR - Volatility Comparison

Invesco DWA SmallCap Momentum ETF (DWAS) has a higher volatility of 6.87% compared to iShares Core S&P Small-Cap ETF (IJR) at 5.64%. This indicates that DWAS's price experiences larger fluctuations and is considered to be riskier than IJR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


4.00%6.00%8.00%10.00%12.00%JulyAugustSeptemberOctoberNovemberDecember
6.87%
5.64%
DWAS
IJR
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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