Correlation
The correlation between EES and DWAS 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.
EES vs. DWAS
Compare and contrast key facts about WisdomTree U.S. SmallCap Fund (EES) and Invesco DWA SmallCap Momentum ETF (DWAS).
EES and DWAS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EES is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree U.S. Small Cap Index. It was launched on Feb 23, 2007. 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 EES 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: EES or DWAS.
Performance
EES vs. DWAS - Performance Comparison
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Key characteristics
EES:
0.13
DWAS:
-0.24
EES:
0.42
DWAS:
-0.06
EES:
1.05
DWAS:
0.99
EES:
0.15
DWAS:
-0.16
EES:
0.41
DWAS:
-0.38
EES:
9.90%
DWAS:
13.91%
EES:
24.76%
DWAS:
28.95%
EES:
-63.66%
DWAS:
-46.17%
EES:
-15.59%
DWAS:
-21.74%
Returns By Period
In the year-to-date period, EES achieves a -8.38% return, which is significantly higher than DWAS's -10.96% return. Both investments have delivered pretty close results over the past 10 years, with EES having a 7.25% annualized return and DWAS not far ahead at 7.55%.
EES
-8.38%
5.50%
-14.66%
3.27%
4.03%
13.97%
7.25%
DWAS
-10.96%
6.06%
-21.04%
-6.78%
0.94%
10.44%
7.55%
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EES vs. DWAS - Expense Ratio Comparison
EES has a 0.38% expense ratio, which is lower than DWAS's 0.60% expense ratio.
Risk-Adjusted Performance
EES vs. DWAS — Risk-Adjusted Performance Rank
EES
DWAS
EES vs. DWAS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. SmallCap Fund (EES) 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.
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Dividends
EES vs. DWAS - Dividend Comparison
EES's dividend yield for the trailing twelve months is around 1.47%, more than DWAS's 0.89% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EES WisdomTree U.S. SmallCap Fund | 1.47% | 1.37% | 1.18% | 1.12% | 1.69% | 1.29% | 1.31% | 1.81% | 0.93% | 1.02% | 1.38% | 0.99% |
DWAS Invesco DWA SmallCap Momentum ETF | 0.89% | 0.79% | 1.42% | 0.81% | 0.16% | 0.21% | 0.13% | 0.04% | 0.20% | 0.52% | 0.19% | 0.05% |
Drawdowns
EES vs. DWAS - Drawdown Comparison
The maximum EES drawdown since its inception was -63.66%, which is greater than DWAS's maximum drawdown of -46.17%. Use the drawdown chart below to compare losses from any high point for EES and DWAS.
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Volatility
EES vs. DWAS - Volatility Comparison
WisdomTree U.S. SmallCap Fund (EES) has a higher volatility of 6.71% compared to Invesco DWA SmallCap Momentum ETF (DWAS) at 5.89%. This indicates that EES's price experiences larger fluctuations and is considered to be riskier than DWAS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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