DWAS vs. VBR
Compare and contrast key facts about Invesco DWA SmallCap Momentum ETF (DWAS) and Vanguard Small-Cap Value ETF (VBR).
DWAS and VBR 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. VBR is a passively managed fund by Vanguard that tracks the performance of the MSCI US Small Cap Value Index. It was launched on Jan 26, 2004. Both DWAS and VBR 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 VBR.
Performance
DWAS vs. VBR - Performance Comparison
Returns By Period
In the year-to-date period, DWAS achieves a 23.42% return, which is significantly higher than VBR's 20.72% return. Over the past 10 years, DWAS has outperformed VBR with an annualized return of 10.88%, while VBR has yielded a comparatively lower 9.55% annualized return.
DWAS
23.42%
11.37%
17.42%
38.56%
15.08%
10.88%
VBR
20.72%
7.07%
15.59%
33.95%
12.38%
9.55%
Key characteristics
| DWAS | VBR | |
|---|---|---|
| Sharpe Ratio | 1.59 | 2.03 |
| Sortino Ratio | 2.25 | 2.87 |
| Omega Ratio | 1.27 | 1.36 |
| Calmar Ratio | 1.59 | 4.11 |
| Martin Ratio | 8.50 | 11.38 |
| Ulcer Index | 4.54% | 2.98% |
| Daily Std Dev | 24.18% | 16.69% |
| Max Drawdown | -46.17% | -62.01% |
| Current Drawdown | -1.20% | 0.00% |
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DWAS vs. VBR - Expense Ratio Comparison
DWAS has a 0.60% expense ratio, which is higher than VBR's 0.07% expense ratio.
Correlation
The correlation between DWAS and VBR is 0.84, 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. VBR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA SmallCap Momentum ETF (DWAS) and Vanguard Small-Cap Value ETF (VBR). 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. VBR - Dividend Comparison
DWAS's dividend yield for the trailing twelve months is around 1.44%, less than VBR's 1.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DWAS Invesco DWA SmallCap Momentum ETF | 1.44% | 1.42% | 0.81% | 0.16% | 0.21% | 0.13% | 0.04% | 0.20% | 0.52% | 0.19% | 0.05% | 0.16% |
VBR Vanguard Small-Cap Value ETF | 1.86% | 2.12% | 2.03% | 1.75% | 1.68% | 2.06% | 2.35% | 1.79% | 1.77% | 1.99% | 1.77% | 1.87% |
Drawdowns
DWAS vs. VBR - Drawdown Comparison
The maximum DWAS drawdown since its inception was -46.17%, smaller than the maximum VBR drawdown of -62.01%. Use the drawdown chart below to compare losses from any high point for DWAS and VBR. For additional features, visit the drawdowns tool.
Volatility
DWAS vs. VBR - Volatility Comparison
Invesco DWA SmallCap Momentum ETF (DWAS) has a higher volatility of 9.02% compared to Vanguard Small-Cap Value ETF (VBR) at 5.83%. This indicates that DWAS's price experiences larger fluctuations and is considered to be riskier than VBR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.