DWAS vs. XSMO
Compare and contrast key facts about Invesco DWA SmallCap Momentum ETF (DWAS) and Invesco S&P SmallCap Momentum ETF (XSMO).
DWAS and XSMO 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. XSMO is a passively managed fund by Invesco that tracks the performance of the S&P SmallCap 600 Index. It was launched on Mar 3, 2005. Both DWAS and XSMO 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 XSMO.
Performance
DWAS vs. XSMO - Performance Comparison
Returns By Period
In the year-to-date period, DWAS achieves a 16.29% return, which is significantly lower than XSMO's 25.26% return. Over the past 10 years, DWAS has underperformed XSMO with an annualized return of 10.42%, while XSMO has yielded a comparatively higher 12.03% annualized return.
DWAS
16.29%
1.82%
9.46%
31.36%
13.64%
10.42%
XSMO
25.26%
4.82%
15.52%
40.70%
14.27%
12.03%
Key characteristics
| DWAS | XSMO | |
|---|---|---|
| Sharpe Ratio | 1.39 | 1.99 |
| Sortino Ratio | 2.01 | 2.86 |
| Omega Ratio | 1.24 | 1.35 |
| Calmar Ratio | 1.38 | 2.70 |
| Martin Ratio | 7.42 | 13.14 |
| Ulcer Index | 4.51% | 3.22% |
| Daily Std Dev | 24.03% | 21.23% |
| Max Drawdown | -46.17% | -58.07% |
| Current Drawdown | -6.91% | -3.67% |
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DWAS vs. XSMO - Expense Ratio Comparison
DWAS has a 0.60% expense ratio, which is higher than XSMO's 0.39% expense ratio.
Correlation
The correlation between DWAS and XSMO is 0.86, 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. XSMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA SmallCap Momentum ETF (DWAS) and Invesco S&P SmallCap Momentum ETF (XSMO). 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. XSMO - Dividend Comparison
DWAS's dividend yield for the trailing twelve months is around 1.53%, more than XSMO's 0.47% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DWAS Invesco DWA SmallCap Momentum ETF | 1.53% | 1.42% | 0.81% | 0.16% | 0.21% | 0.13% | 0.04% | 0.20% | 0.52% | 0.19% | 0.05% | 0.16% |
XSMO Invesco S&P SmallCap Momentum ETF | 0.47% | 0.96% | 1.19% | 0.30% | 0.82% | 0.69% | 0.65% | 0.28% | 0.30% | 0.35% | 1.31% | 0.91% |
Drawdowns
DWAS vs. XSMO - Drawdown Comparison
The maximum DWAS drawdown since its inception was -46.17%, smaller than the maximum XSMO drawdown of -58.07%. Use the drawdown chart below to compare losses from any high point for DWAS and XSMO. For additional features, visit the drawdowns tool.
Volatility
DWAS vs. XSMO - Volatility Comparison
Invesco DWA SmallCap Momentum ETF (DWAS) and Invesco S&P SmallCap Momentum ETF (XSMO) have volatilities of 8.80% and 8.72%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.