DWAS vs. OBMCX
Compare and contrast key facts about Invesco DWA SmallCap Momentum ETF (DWAS) and Oberweis Micro Cap Fund (OBMCX).
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. OBMCX is managed by Oberweis. It was launched on Dec 29, 1995.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DWAS or OBMCX.
Key characteristics
| DWAS | OBMCX | |
|---|---|---|
| YTD Return | 1.11% | -0.80% |
| 1Y Return | 20.50% | 16.74% |
| 3Y Return (Ann) | 0.17% | 6.58% |
| 5Y Return (Ann) | 11.21% | 14.96% |
| 10Y Return (Ann) | 9.40% | 14.04% |
| Sharpe Ratio | 1.05 | 0.77 |
| Daily Std Dev | 20.54% | 20.87% |
| Max Drawdown | -46.16% | -67.42% |
| Current Drawdown | -13.09% | -4.94% |
Correlation
The correlation between DWAS and OBMCX is 0.90, 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.
Performance
DWAS vs. OBMCX - Performance Comparison
In the year-to-date period, DWAS achieves a 1.11% return, which is significantly higher than OBMCX's -0.80% return. Over the past 10 years, DWAS has underperformed OBMCX with an annualized return of 9.40%, while OBMCX has yielded a comparatively higher 14.04% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DWAS vs. OBMCX - Expense Ratio Comparison
DWAS has a 0.60% expense ratio, which is lower than OBMCX's 1.48% expense ratio.
Risk-Adjusted Performance
DWAS vs. OBMCX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA SmallCap Momentum ETF (DWAS) and Oberweis Micro Cap Fund (OBMCX). 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. OBMCX - Dividend Comparison
DWAS's dividend yield for the trailing twelve months is around 1.40%, while OBMCX has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DWAS Invesco DWA SmallCap Momentum ETF | 1.40% | 1.42% | 0.81% | 0.16% | 0.21% | 0.13% | 0.04% | 0.20% | 0.52% | 0.19% | 0.05% | 0.16% |
OBMCX Oberweis Micro Cap Fund | 0.00% | 0.00% | 1.37% | 24.35% | 0.00% | 0.00% | 19.67% | 11.76% | 0.05% | 3.07% | 8.03% | 0.00% |
Drawdowns
DWAS vs. OBMCX - Drawdown Comparison
The maximum DWAS drawdown since its inception was -46.16%, smaller than the maximum OBMCX drawdown of -67.42%. Use the drawdown chart below to compare losses from any high point for DWAS and OBMCX. For additional features, visit the drawdowns tool.
Volatility
DWAS vs. OBMCX - Volatility Comparison
Invesco DWA SmallCap Momentum ETF (DWAS) has a higher volatility of 6.50% compared to Oberweis Micro Cap Fund (OBMCX) at 5.63%. This indicates that DWAS's price experiences larger fluctuations and is considered to be riskier than OBMCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.