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

Correlation

The correlation between DWAS and MTUM is 0.76, 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.


-0.50.00.51.0
Correlation: 0.8

Performance

DWAS vs. MTUM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco DWA SmallCap Momentum ETF (DWAS) and iShares Edge MSCI USA Momentum Factor ETF (MTUM). The values are adjusted to include any dividend payments, if applicable.

150.00%200.00%250.00%300.00%350.00%400.00%NovemberDecember2025FebruaryMarchApril
171.60%
370.04%
DWAS
MTUM

Key characteristics

Sharpe Ratio

DWAS:

-0.32

MTUM:

0.66

Sortino Ratio

DWAS:

-0.27

MTUM:

1.05

Omega Ratio

DWAS:

0.97

MTUM:

1.15

Calmar Ratio

DWAS:

-0.27

MTUM:

0.79

Martin Ratio

DWAS:

-0.76

MTUM:

2.79

Ulcer Index

DWAS:

12.16%

MTUM:

5.94%

Daily Std Dev

DWAS:

28.82%

MTUM:

24.99%

Max Drawdown

DWAS:

-46.17%

MTUM:

-34.08%

Current Drawdown

DWAS:

-26.61%

MTUM:

-9.65%

Returns By Period

In the year-to-date period, DWAS achieves a -16.51% return, which is significantly lower than MTUM's 0.20% return. Over the past 10 years, DWAS has underperformed MTUM with an annualized return of 6.84%, while MTUM has yielded a comparatively higher 12.67% annualized return.


DWAS

YTD

-16.51%

1M

-5.34%

6M

-17.04%

1Y

-7.85%

5Y*

11.97%

10Y*

6.84%

MTUM

YTD

0.20%

1M

-0.11%

6M

1.12%

1Y

17.63%

5Y*

13.31%

10Y*

12.67%

*Annualized

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DWAS vs. MTUM - Expense Ratio Comparison

DWAS has a 0.60% expense ratio, which is higher than MTUM's 0.15% expense ratio.


Expense ratio chart for DWAS: current value is 0.60%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
DWAS: 0.60%
Expense ratio chart for MTUM: current value is 0.15%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
MTUM: 0.15%

Risk-Adjusted Performance

DWAS vs. MTUM — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DWAS
The Risk-Adjusted Performance Rank of DWAS is 88
Overall Rank
The Sharpe Ratio Rank of DWAS is 88
Sharpe Ratio Rank
The Sortino Ratio Rank of DWAS is 88
Sortino Ratio Rank
The Omega Ratio Rank of DWAS is 99
Omega Ratio Rank
The Calmar Ratio Rank of DWAS is 66
Calmar Ratio Rank
The Martin Ratio Rank of DWAS is 88
Martin Ratio Rank

MTUM
The Risk-Adjusted Performance Rank of MTUM is 6969
Overall Rank
The Sharpe Ratio Rank of MTUM is 6767
Sharpe Ratio Rank
The Sortino Ratio Rank of MTUM is 6767
Sortino Ratio Rank
The Omega Ratio Rank of MTUM is 6767
Omega Ratio Rank
The Calmar Ratio Rank of MTUM is 7676
Calmar Ratio Rank
The Martin Ratio Rank of MTUM is 7070
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

DWAS vs. MTUM - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco DWA SmallCap Momentum ETF (DWAS) and iShares Edge MSCI USA Momentum Factor ETF (MTUM). 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.


The chart of Sharpe ratio for DWAS, currently valued at -0.32, compared to the broader market-1.000.001.002.003.004.00
DWAS: -0.32
MTUM: 0.66
The chart of Sortino ratio for DWAS, currently valued at -0.27, compared to the broader market-2.000.002.004.006.008.00
DWAS: -0.27
MTUM: 1.05
The chart of Omega ratio for DWAS, currently valued at 0.97, compared to the broader market0.501.001.502.002.50
DWAS: 0.97
MTUM: 1.15
The chart of Calmar ratio for DWAS, currently valued at -0.27, compared to the broader market0.002.004.006.008.0010.0012.00
DWAS: -0.27
MTUM: 0.79
The chart of Martin ratio for DWAS, currently valued at -0.76, compared to the broader market0.0020.0040.0060.00
DWAS: -0.76
MTUM: 2.79

The current DWAS Sharpe Ratio is -0.32, which is lower than the MTUM Sharpe Ratio of 0.66. The chart below compares the historical Sharpe Ratios of DWAS and MTUM, 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 Ratio-1.000.001.002.003.00NovemberDecember2025FebruaryMarchApril
-0.32
0.66
DWAS
MTUM

Dividends

DWAS vs. MTUM - Dividend Comparison

DWAS's dividend yield for the trailing twelve months is around 0.95%, more than MTUM's 0.93% yield.


TTM20242023202220212020201920182017201620152014
DWAS
Invesco DWA SmallCap Momentum ETF
0.95%0.79%1.42%0.81%0.16%0.21%0.13%0.04%0.20%0.52%0.19%0.05%
MTUM
iShares Edge MSCI USA Momentum Factor ETF
0.93%0.75%1.35%1.80%0.55%0.83%1.48%1.27%1.02%1.43%1.12%1.04%

Drawdowns

DWAS vs. MTUM - Drawdown Comparison

The maximum DWAS drawdown since its inception was -46.17%, which is greater than MTUM's maximum drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for DWAS and MTUM. For additional features, visit the drawdowns tool.


-35.00%-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-26.61%
-9.65%
DWAS
MTUM

Volatility

DWAS vs. MTUM - Volatility Comparison

The current volatility for Invesco DWA SmallCap Momentum ETF (DWAS) is 13.48%, while iShares Edge MSCI USA Momentum Factor ETF (MTUM) has a volatility of 15.89%. This indicates that DWAS experiences smaller price fluctuations and is considered to be less risky than MTUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%14.00%16.00%NovemberDecember2025FebruaryMarchApril
13.48%
15.89%
DWAS
MTUM