SMOM vs. DWAS

Last updated Jun 4, 2026

SMOM (Symmetry Panoramic Sector Momentum ETF) and DWAS (Invesco DWA SmallCap Momentum ETF) are both exchange-traded funds - SMOM is a Large Cap Blend Equities fund actively managed by Symmetry Partners, while DWAS is a Momentum fund tracking the Dorsey Wright SmallCap Technical Leaders Index. SMOM is actively managed, while DWAS is passively managed. A 0.71 correlation means they provide meaningful diversification when combined. SMOM charges 0.63%/yr vs 0.60%/yr for DWAS.

Performance

SMOM vs. DWAS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Symmetry Panoramic Sector Momentum ETF (SMOM) and Invesco DWA SmallCap Momentum ETF (DWAS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SMOM achieves a 9.82% return, which is significantly lower than DWAS's 18.88% return.

SMOM

• 1D: 0.27%
• 1M: 5.93%
• YTD: 9.82%
• 6M: 10.58%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DWAS

• 1D: -0.58%
• 1M: 1.87%
• YTD: 18.88%
• 6M: 19.17%
• 1Y: 39.85%
• 3Y*: 15.57%
• 5Y*: 6.21%
• 10Y*: 13.07%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SMOM vs. DWAS - Yearly Performance Comparison

	2026 (YTD)	2025
SMOM Symmetry Panoramic Sector Momentum ETF	9.82%	2.81%
DWAS Invesco DWA SmallCap Momentum ETF	18.88%	8.58%

Correlation

The correlation between SMOM and DWAS is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 11, 2025	0.71

Return for Risk

SMOM vs. DWAS — Risk / Return Rank

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

DWAS

DWAS Risk / Return Rank: 58
DWAS Sharpe Ratio Rank: 50
DWAS Sortino Ratio Rank: 49
DWAS Omega Ratio Rank: 45
DWAS Calmar Ratio Rank: 78
DWAS Martin Ratio Rank: 69

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SMOM vs. DWAS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Symmetry Panoramic Sector Momentum ETF (SMOM) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	SMOM	DWAS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.76	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.24	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.49	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.45	0.49	+0.96

Drawdowns

SMOM vs. DWAS - Drawdown Comparison

The maximum SMOM drawdown since its inception was -7.45%, smaller than the maximum DWAS drawdown of -46.16%. Use the drawdown chart below to compare losses from any high point for SMOM and DWAS.

Drawdown Indicators

	SMOM	DWAS	Difference
Max Drawdown Largest peak-to-trough decline	-7.45%	-46.16%	+38.71%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.02%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-33.83%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-33.83%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-46.16%	—
Current Drawdown Current decline from peak	0.00%	-1.72%	+1.72%
Average Drawdown Average peak-to-trough decline	-1.48%	-10.30%	+8.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.06%	—

Volatility

Volatility by Period

	SMOM	DWAS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.81%	—
Volatility (6M) Calculated over the trailing 6-month period	—	16.88%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.62%	22.81%	-10.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.62%	25.70%	-13.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.62%	26.60%	-13.98%

SMOM vs. DWAS - Expense Ratio Comparison

SMOM has a 0.63% expense ratio, which is higher than DWAS's 0.60% expense ratio.

Dividends

SMOM vs. DWAS - Dividend Comparison

SMOM's dividend yield for the trailing twelve months is around 0.15%, more than DWAS's 0.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DWAS Invesco DWA SmallCap Momentum ETF	0.01%	0.07%	0.79%	1.42%	0.81%	0.16%	0.21%	0.13%	0.04%	0.20%	0.52%	0.19%
SMOM Symmetry Panoramic Sector Momentum ETF	0.15%	0.16%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SMOM and DWAS in my portfolio?

SMOM and DWAS have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SMOM or DWAS?

On fees, DWAS is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SMOM or DWAS?

DWAS is cheaper with a 0.60% expense ratio, compared with 0.63% for SMOM.

Which ETF pays a higher dividend yield, SMOM or DWAS?

SMOM has the higher dividend yield at 0.15%, compared with 0.01% for DWAS.

What is the main difference between SMOM and DWAS?

SMOM is categorized as Large Cap Blend Equities, while DWAS is Momentum. They also come from different issuers: Symmetry Partners and Invesco. Their fees differ too: 0.63% for SMOM and 0.60% for DWAS.