IVOG vs. DWAS
Compare and contrast key facts about Vanguard S&P Mid-Cap 400 Growth ETF (IVOG) and Invesco DWA SmallCap Momentum ETF (DWAS).
IVOG and DWAS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IVOG is a passively managed fund by Vanguard that tracks the performance of the S&P MidCap 400 Growth Index. It was launched on Sep 7, 2010. 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. Both IVOG and DWAS 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: IVOG or DWAS.
Performance
IVOG vs. DWAS - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with IVOG having a 24.35% return and DWAS slightly lower at 23.42%. Both investments have delivered pretty close results over the past 10 years, with IVOG having a 10.46% annualized return and DWAS not far ahead at 10.88%.
IVOG
24.35%
7.09%
9.71%
34.15%
12.35%
10.46%
DWAS
23.42%
11.37%
17.42%
38.56%
15.08%
10.88%
Key characteristics
| IVOG | DWAS | |
|---|---|---|
| Sharpe Ratio | 2.08 | 1.59 |
| Sortino Ratio | 2.89 | 2.25 |
| Omega Ratio | 1.35 | 1.27 |
| Calmar Ratio | 2.29 | 1.59 |
| Martin Ratio | 10.90 | 8.50 |
| Ulcer Index | 3.13% | 4.54% |
| Daily Std Dev | 16.43% | 24.18% |
| Max Drawdown | -39.32% | -46.17% |
| Current Drawdown | 0.00% | -1.20% |
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IVOG vs. DWAS - Expense Ratio Comparison
IVOG has a 0.15% expense ratio, which is lower than DWAS's 0.60% expense ratio.
Correlation
The correlation between IVOG and DWAS is 0.87, 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
IVOG vs. DWAS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P Mid-Cap 400 Growth ETF (IVOG) and Invesco DWA SmallCap Momentum ETF (DWAS). 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
IVOG vs. DWAS - Dividend Comparison
IVOG's dividend yield for the trailing twelve months is around 0.92%, less than DWAS's 1.44% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVOG Vanguard S&P Mid-Cap 400 Growth ETF | 0.92% | 1.15% | 1.05% | 0.47% | 0.74% | 1.17% | 1.01% | 0.93% | 1.03% | 1.04% | 0.81% | 0.66% |
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% |
Drawdowns
IVOG vs. DWAS - Drawdown Comparison
The maximum IVOG drawdown since its inception was -39.32%, smaller than the maximum DWAS drawdown of -46.17%. Use the drawdown chart below to compare losses from any high point for IVOG and DWAS. For additional features, visit the drawdowns tool.
Volatility
IVOG vs. DWAS - Volatility Comparison
The current volatility for Vanguard S&P Mid-Cap 400 Growth ETF (IVOG) is 5.42%, while Invesco DWA SmallCap Momentum ETF (DWAS) has a volatility of 9.02%. This indicates that IVOG experiences smaller price fluctuations and is considered to be less risky than DWAS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.