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OBMCX vs. DWAS
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between OBMCX 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.


-0.50.00.51.0
Correlation: 0.8

Performance

OBMCX vs. DWAS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Oberweis Micro Cap Fund (OBMCX) and Invesco DWA SmallCap Momentum ETF (DWAS). The values are adjusted to include any dividend payments, if applicable.

200.00%250.00%300.00%NovemberDecember2025FebruaryMarchApril
237.93%
226.66%
OBMCX
DWAS

Key characteristics

Sharpe Ratio

OBMCX:

0.28

DWAS:

-0.23

Sortino Ratio

OBMCX:

0.58

DWAS:

-0.13

Omega Ratio

OBMCX:

1.07

DWAS:

0.98

Calmar Ratio

OBMCX:

0.26

DWAS:

-0.19

Martin Ratio

OBMCX:

0.78

DWAS:

-0.53

Ulcer Index

OBMCX:

10.10%

DWAS:

12.37%

Daily Std Dev

OBMCX:

28.09%

DWAS:

28.77%

Max Drawdown

OBMCX:

-81.09%

DWAS:

-46.17%

Current Drawdown

OBMCX:

-20.26%

DWAS:

-25.59%

Returns By Period

In the year-to-date period, OBMCX achieves a -11.85% return, which is significantly higher than DWAS's -15.35% return. Over the past 10 years, OBMCX has outperformed DWAS with an annualized return of 8.57%, while DWAS has yielded a comparatively lower 7.33% annualized return.


OBMCX

YTD

-11.85%

1M

0.56%

6M

-10.54%

1Y

5.72%

5Y*

18.26%

10Y*

8.57%

DWAS

YTD

-15.35%

1M

-0.62%

6M

-17.05%

1Y

-9.00%

5Y*

11.67%

10Y*

7.33%

*Annualized

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OBMCX vs. DWAS - Expense Ratio Comparison

OBMCX has a 1.48% expense ratio, which is higher than DWAS's 0.60% expense ratio.


Expense ratio chart for OBMCX: current value is 1.48%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
OBMCX: 1.48%
Expense ratio chart for DWAS: current value is 0.60%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
DWAS: 0.60%

Risk-Adjusted Performance

OBMCX vs. DWAS — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OBMCX
The Risk-Adjusted Performance Rank of OBMCX is 4040
Overall Rank
The Sharpe Ratio Rank of OBMCX is 3939
Sharpe Ratio Rank
The Sortino Ratio Rank of OBMCX is 4343
Sortino Ratio Rank
The Omega Ratio Rank of OBMCX is 3939
Omega Ratio Rank
The Calmar Ratio Rank of OBMCX is 4343
Calmar Ratio Rank
The Martin Ratio Rank of OBMCX is 3636
Martin Ratio Rank

DWAS
The Risk-Adjusted Performance Rank of DWAS is 1111
Overall Rank
The Sharpe Ratio Rank of DWAS is 1111
Sharpe Ratio Rank
The Sortino Ratio Rank of DWAS is 1212
Sortino Ratio Rank
The Omega Ratio Rank of DWAS is 1212
Omega Ratio Rank
The Calmar Ratio Rank of DWAS is 1010
Calmar Ratio Rank
The Martin Ratio Rank of DWAS is 1212
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

OBMCX vs. DWAS - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Oberweis Micro Cap Fund (OBMCX) 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.


The chart of Sharpe ratio for OBMCX, currently valued at 0.28, compared to the broader market-1.000.001.002.003.00
OBMCX: 0.28
DWAS: -0.23
The chart of Sortino ratio for OBMCX, currently valued at 0.58, compared to the broader market-2.000.002.004.006.008.00
OBMCX: 0.58
DWAS: -0.13
The chart of Omega ratio for OBMCX, currently valued at 1.07, compared to the broader market0.501.001.502.002.503.00
OBMCX: 1.07
DWAS: 0.98
The chart of Calmar ratio for OBMCX, currently valued at 0.26, compared to the broader market0.002.004.006.008.0010.00
OBMCX: 0.26
DWAS: -0.19
The chart of Martin ratio for OBMCX, currently valued at 0.78, compared to the broader market0.0010.0020.0030.0040.00
OBMCX: 0.78
DWAS: -0.53

The current OBMCX Sharpe Ratio is 0.28, which is higher than the DWAS Sharpe Ratio of -0.23. The chart below compares the historical Sharpe Ratios of OBMCX and DWAS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.00-0.500.000.501.001.502.002.50NovemberDecember2025FebruaryMarchApril
0.28
-0.23
OBMCX
DWAS

Dividends

OBMCX vs. DWAS - Dividend Comparison

OBMCX has not paid dividends to shareholders, while DWAS's dividend yield for the trailing twelve months is around 0.93%.


TTM20242023202220212020201920182017201620152014
OBMCX
Oberweis Micro Cap Fund
0.00%0.00%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
0.93%0.79%1.42%0.81%0.16%0.21%0.13%0.04%0.20%0.52%0.19%0.05%

Drawdowns

OBMCX vs. DWAS - Drawdown Comparison

The maximum OBMCX drawdown since its inception was -81.09%, which is greater than DWAS's maximum drawdown of -46.17%. Use the drawdown chart below to compare losses from any high point for OBMCX and DWAS. For additional features, visit the drawdowns tool.


-35.00%-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-20.26%
-25.59%
OBMCX
DWAS

Volatility

OBMCX vs. DWAS - Volatility Comparison

Oberweis Micro Cap Fund (OBMCX) has a higher volatility of 15.06% compared to Invesco DWA SmallCap Momentum ETF (DWAS) at 13.28%. This indicates that OBMCX'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.


4.00%6.00%8.00%10.00%12.00%14.00%16.00%NovemberDecember2025FebruaryMarchApril
15.06%
13.28%
OBMCX
DWAS