DWAS vs. VOO
Compare and contrast key facts about Invesco DWA SmallCap Momentum ETF (DWAS) and Vanguard S&P 500 ETF (VOO).
DWAS and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both DWAS and VOO 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 VOO.
Key characteristics
| DWAS | VOO | |
|---|---|---|
| YTD Return | 0.34% | 6.68% |
| 1Y Return | 19.29% | 26.39% |
| 3Y Return (Ann) | 0.61% | 8.30% |
| 5Y Return (Ann) | 11.06% | 13.39% |
| 10Y Return (Ann) | 9.26% | 12.59% |
| Sharpe Ratio | 0.75 | 2.06 |
| Daily Std Dev | 20.74% | 11.84% |
| Max Drawdown | -46.16% | -33.99% |
| Current Drawdown | -13.75% | -3.50% |
Correlation
The correlation between DWAS and VOO 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.
Performance
DWAS vs. VOO - Performance Comparison
In the year-to-date period, DWAS achieves a 0.34% return, which is significantly lower than VOO's 6.68% return. Over the past 10 years, DWAS has underperformed VOO with an annualized return of 9.26%, while VOO has yielded a comparatively higher 12.59% 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. VOO - Expense Ratio Comparison
DWAS has a 0.60% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
DWAS vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA SmallCap Momentum ETF (DWAS) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
DWAS's dividend yield for the trailing twelve months is around 1.41%, more than VOO's 1.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DWAS Invesco DWA SmallCap Momentum ETF | 1.41% | 1.42% | 0.81% | 0.16% | 0.21% | 0.13% | 0.04% | 0.20% | 0.52% | 0.19% | 0.05% | 0.16% |
VOO Vanguard S&P 500 ETF | 1.38% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
DWAS vs. VOO - Drawdown Comparison
The maximum DWAS drawdown since its inception was -46.16%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for DWAS and VOO. For additional features, visit the drawdowns tool.
Volatility
DWAS vs. VOO - Volatility Comparison
Invesco DWA SmallCap Momentum ETF (DWAS) has a higher volatility of 6.46% compared to Vanguard S&P 500 ETF (VOO) at 3.55%. This indicates that DWAS's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.