XSMO vs. DWAS
Compare and contrast key facts about Invesco S&P SmallCap Momentum ETF (XSMO) and Invesco DWA SmallCap Momentum ETF (DWAS).
XSMO and DWAS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XSMO is a passively managed fund by Invesco that tracks the performance of the S&P SmallCap 600 Index. It was launched on Mar 3, 2005. 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 XSMO 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: XSMO or DWAS.
Correlation
The correlation between XSMO and DWAS is 0.75, 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
XSMO vs. DWAS - Performance Comparison
Key characteristics
XSMO:
0.34
DWAS:
-0.23
XSMO:
0.67
DWAS:
-0.14
XSMO:
1.08
DWAS:
0.98
XSMO:
0.35
DWAS:
-0.20
XSMO:
1.04
DWAS:
-0.56
XSMO:
8.23%
DWAS:
12.04%
XSMO:
25.27%
DWAS:
28.82%
XSMO:
-58.07%
DWAS:
-46.17%
XSMO:
-16.33%
DWAS:
-26.56%
Returns By Period
In the year-to-date period, XSMO achieves a -6.94% return, which is significantly higher than DWAS's -16.45% return. Over the past 10 years, XSMO has outperformed DWAS with an annualized return of 9.88%, while DWAS has yielded a comparatively lower 6.86% annualized return.
XSMO
-6.94%
-3.42%
-6.63%
6.22%
16.03%
9.88%
DWAS
-16.45%
-7.27%
-17.27%
-8.57%
11.99%
6.86%
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XSMO vs. DWAS - Expense Ratio Comparison
XSMO has a 0.39% expense ratio, which is lower than DWAS's 0.60% expense ratio.
Risk-Adjusted Performance
XSMO vs. DWAS — Risk-Adjusted Performance Rank
XSMO
DWAS
XSMO vs. DWAS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Momentum ETF (XSMO) 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
XSMO vs. DWAS - Dividend Comparison
XSMO's dividend yield for the trailing twelve months is around 0.90%, less than DWAS's 0.95% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XSMO Invesco S&P SmallCap Momentum ETF | 0.90% | 0.63% | 0.96% | 1.19% | 0.30% | 0.82% | 0.69% | 0.65% | 0.28% | 0.30% | 0.35% | 1.31% |
DWAS Invesco DWA SmallCap Momentum ETF | 0.95% | 0.79% | 1.42% | 0.81% | 0.16% | 0.21% | 0.13% | 0.04% | 0.20% | 0.52% | 0.19% | 0.05% |
Drawdowns
XSMO vs. DWAS - Drawdown Comparison
The maximum XSMO drawdown since its inception was -58.07%, which is greater than DWAS's maximum drawdown of -46.17%. Use the drawdown chart below to compare losses from any high point for XSMO and DWAS. For additional features, visit the drawdowns tool.
Volatility
XSMO vs. DWAS - Volatility Comparison
Invesco S&P SmallCap Momentum ETF (XSMO) has a higher volatility of 14.50% compared to Invesco DWA SmallCap Momentum ETF (DWAS) at 13.60%. This indicates that XSMO'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.