JPSV vs. DWAS
Compare and contrast key facts about Jpmorgan Active Small Cap Value ETF (JPSV) and Invesco DWA SmallCap Momentum ETF (DWAS).
JPSV and DWAS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JPSV is an actively managed fund by JPMorgan. It was launched on Mar 7, 2023. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JPSV or DWAS.
Key characteristics
| JPSV | DWAS | |
|---|---|---|
| YTD Return | 8.37% | 8.34% |
| 1Y Return | 20.36% | 18.02% |
| Sharpe Ratio | 1.12 | 0.77 |
| Daily Std Dev | 17.52% | 23.69% |
| Max Drawdown | -11.02% | -46.17% |
| Current Drawdown | -3.36% | -6.87% |
Correlation
The correlation between JPSV and DWAS 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.
Performance
JPSV vs. DWAS - Performance Comparison
The year-to-date returns for both stocks are quite close, with JPSV having a 8.37% return and DWAS slightly lower at 8.34%. 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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JPSV vs. DWAS - Expense Ratio Comparison
JPSV has a 0.74% expense ratio, which is higher than DWAS's 0.60% expense ratio.
Risk-Adjusted Performance
JPSV vs. DWAS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Jpmorgan Active Small Cap Value ETF (JPSV) 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
JPSV vs. DWAS - Dividend Comparison
JPSV's dividend yield for the trailing twelve months is around 1.00%, less than DWAS's 1.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPSV Jpmorgan Active Small Cap Value ETF | 1.00% | 1.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DWAS Invesco DWA SmallCap Momentum ETF | 1.20% | 1.42% | 0.81% | 0.16% | 0.21% | 0.13% | 0.04% | 0.20% | 0.52% | 0.19% | 0.05% | 0.16% |
Drawdowns
JPSV vs. DWAS - Drawdown Comparison
The maximum JPSV drawdown since its inception was -11.02%, smaller than the maximum DWAS drawdown of -46.17%. Use the drawdown chart below to compare losses from any high point for JPSV and DWAS. For additional features, visit the drawdowns tool.
Volatility
JPSV vs. DWAS - Volatility Comparison
The current volatility for Jpmorgan Active Small Cap Value ETF (JPSV) is 5.08%, while Invesco DWA SmallCap Momentum ETF (DWAS) has a volatility of 8.27%. This indicates that JPSV 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.