OBMCX vs. DWAS
Compare and contrast key facts about Oberweis Micro Cap Fund (OBMCX) and Invesco DWA SmallCap Momentum ETF (DWAS).
OBMCX is managed by Oberweis. It was launched on Dec 29, 1995. 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: OBMCX or DWAS.
Key characteristics
| OBMCX | DWAS | |
|---|---|---|
| YTD Return | 15.24% | 9.43% |
| 1Y Return | 24.79% | 20.22% |
| 3Y Return (Ann) | 11.26% | 2.42% |
| 5Y Return (Ann) | 20.88% | 12.36% |
| 10Y Return (Ann) | 15.96% | 9.86% |
| Sharpe Ratio | 1.04 | 0.81 |
| Daily Std Dev | 23.25% | 23.61% |
| Max Drawdown | -67.42% | -46.17% |
| Current Drawdown | -4.31% | -5.94% |
Correlation
The correlation between OBMCX and DWAS is 0.90, 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
OBMCX vs. DWAS - Performance Comparison
In the year-to-date period, OBMCX achieves a 15.24% return, which is significantly higher than DWAS's 9.43% return. Over the past 10 years, OBMCX has outperformed DWAS with an annualized return of 15.96%, while DWAS has yielded a comparatively lower 9.86% annualized return. 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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OBMCX vs. DWAS - Expense Ratio Comparison
OBMCX has a 1.48% expense ratio, which is higher than DWAS's 0.60% expense ratio.
Risk-Adjusted Performance
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.
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 1.05%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OBMCX Oberweis Micro Cap Fund | 0.00% | 0.00% | 1.37% | 24.35% | 0.00% | 0.00% | 19.67% | 11.76% | 0.05% | 3.07% | 8.03% | 0.00% |
DWAS Invesco DWA SmallCap Momentum ETF | 1.05% | 1.42% | 0.81% | 0.16% | 0.21% | 0.13% | 0.04% | 0.20% | 0.52% | 0.19% | 0.05% | 0.16% |
Drawdowns
OBMCX vs. DWAS - Drawdown Comparison
The maximum OBMCX drawdown since its inception was -67.42%, 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.
Volatility
OBMCX vs. DWAS - Volatility Comparison
The current volatility for Oberweis Micro Cap Fund (OBMCX) is 7.42%, while Invesco DWA SmallCap Momentum ETF (DWAS) has a volatility of 8.15%. This indicates that OBMCX 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.